TMA of Nevada
4075 South Durango Drive
suite 111 - pmb 82
Las Vegas, NV 89147
Adapting to Change Versus Accepting Change
For Now...Perhaps it's One in the Same
By Pamela Joy Ring, president
Last month, we had a great meeting. The subject was about the changing landscape of banking and how to find money for running a business in the midst of this change. Our esteemed panel of expert bankers and regulators moderated by fellow TMA Nevada board member, Pat Wisman, sent a poignant and humble message: it's a new era, all things in the world of banking as we once knew are changing for a variety of reasons, and the dust has yet to settle. The reason...because everyone is still trying to figure out the new rules...the government, the financial services industry let alone we business owners who are looking to start or run or grow or perhaps even save our business.
Why was the message humble? Because, imparted to us was that in this era of change and unsettlement, we need to count on what we do know. Like survivors of some disaster who are isolated together, since we don't exactly know where we have landed, we are left with nothing but to deal with what we know and be spirited in working together to try to figure out a solution in the absence of a new order.
In the subject of banking today...do we really have a choice in accepting change or adapting to it? Well, for my money, we are still in a free fall, and to the point of our esteemed panelists, the best way of both accepting and adapting to banking's change in the face of flux, is to go back to what worked...to the old-fashioned days of building a relationship and dialogue with your banker. It certainly worked in the days of our past...the days of our ancestors. And perhaps, in the spirit of this tradition, day by day and conversation by conversation, each one of us may be the very ones to write the new order. By so doing, we may very well have adapted, accepted and defined change and a new order in how we finance our endeavors.