It Didn’t Work Out

It Didn’t Work Out
August 23, 2020 Gary Shotton

Even with the best of intentions and hard work, sometimes our plans and desires just did not work out like we had hoped. By Gary Shotton #000383

 

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It Didn’t Work Out

By Gary Shotton

This text is in Extreme Rough draft and will be edited in the near future.

hello my name is Gary Shotton and i’m here as a part of Inspiring Better Business and today we’re going to talk about it didn’t work out you know a lot of times when you hear somebody talk all you hear is there successes and and of course you want to hear how things worked out how things worked out at the last minute and everything was good and and how faith worked and but you know the reality to this whole thing is that it doesn’t work out perfect every time well if you watch very many of our lessons uh you’ll probably know by now that at one point in my life i started a move moving a storage company using a horse trailer and the horse traders pulled behind my car and it’s got its own story how that happened and and i owned that for 17 years before i sold it and i jokingly but truthfully say sometimes i guess i was a slow learner because i was learning so many things in this moving and storage business about people about the way you collect money how to do accounting i mean there was so many things that i learned it was my school of hard knocks but reality was i had a plan to own mini-storage units and this was back in the early 1990’s and in truthfully known when i first talked to a bank about mini-storage units they didn’t really know what a mini storage was so i was ahead of the curve and i think god was leading me in that and i must tell you up front that i never owned a single mini storage so it didn’t work out so i was driving on a main road in my hometown and i felt the lord leading me as i was thinking about mini-storage unit business had my plans i was looking for some land i wasn’t out looking for a land i’m just driving back from the airport along the main highway and i really felt the lord lead me just a real subtle turn left and go down what’s called 21st street and i go down 21st street and sure enough they’re on the corner is a big empty lot about five acres and i look out there and there’s an older gentleman mowing the grass he’s on a big tractor or a tractor with what’s called a brush hog he’s out there mowing it and i pulled up and he pulled up beside me and and you could have thought this was somebody that was hired to mow the grass with this tractor but no his first initials i won’t give his last name was F.L. and he went by FL and by those initials and he stopped the tractor had his cowboy hat on and pretty hot day and he gets off his tractor and says hey i asked him say do you know who owns this land he said well i do and i said well would you be interested in selling this yeah land and he said yeah well now keep in mind it wasn’t three minutes five minutes before that the spirit of god i had felt that said turn left and go down there and i pull in and in five minutes i’m talking to somebody that wants to sell land that would be perfect for a mini storage and so i uh kind of get excited but you know i get to know this miss older gentleman and basically we start down the deal he said sure i’d love to put him in storage here in fact i’ll sell you the land and and uh i’ll i’ll finance the land so that you can pay me after you get going man this is a this is a deal made in heaven and so i proceed on with uh the plans and i know what to do and i think and i uh there’s ordinances and construction uh permits and i hire and pay for a commit to pay for an engineer to design the ability to get the utilities there i pay for uh what’s called a soil sample so they can design design the building structure correct for i can contract and and committed to pay for uh other engineering fees uh related to building this mini storage all on the belief that i’m building a mini storage because i went to the bank and i had the bank and they said this sounds like a pretty good deal and so they had a letter of intent telling me that they would loan me $877,000 on this mini storage project because they knew that the land was uh that that if it failed they could also take up the land and so they had collateral there i have the letter of of commitment i have the uh everybody’s working down the road and all of a sudden uh oh we have a problem from the architect’s design for the mini storage he really misled the construction cost because he made things a little more elaborate than they needed to be instead of the proposal being at 877 000 is like 1.1 million dollars well the bank didn’t like that and i wouldn’t either and so i proceeded to work with the architect and take some things out not things not necessary and and we got it down really close to that $877,000 but the bank got cold feet they realized that gary didn’t have any risk at this because i was basically using mr fl’s uh collateral for the land as the down payment for the 877 thousand dollar loan and frankly this is a little bit of a big loan for me at that point was probably part of the problem but the bank pulled out after i had made over 50 000 worth of commitments for and was work was done soil sample engineering oh my goodness and this did not come at a good time and so i’m just telling you that i never built that many storage i never built a mini storage i had so many plans and hopes and desires i could see that if i was going to had a master plan for more than one mini storage i had a master plan actually for a large number of mini storage units and i had a a plan that was going to involve long-term storage short-term storage anyway to move i was calling it call and call it and secured the name move mart just like Walmart or or drug mart or pet mart anything you want it all hinged around this mini-storage location and that was my anchor spot i had another spot picked out i had a third thoughts picked out and i had already surveyed the possibility of going to other cities nearby and i’m gonna i’m gonna knock it down didn’t work out well i i wish i could tell you that it was all great because i actually over the deal got sued on something something was misunderstanding with this architect and i had to settle with him now my name’s in the you know in those in the business section it wasn’t on the front page as just a lawsuit it happens it’s not like the end of the world to get sued it’s a way of resolving a misunderstanding and and uh we resolved that over time and you know be honest with you i was pretty heart-broke and it really redirected my course because that didn’t work out now i can see why in many ways and i could go into it but the truth of the matter was i had felt the spirit of god lead me i had some strong indications i had worked down the path but i probably was ahead of my game i probably and i do believe that i was not at that what i teach now is grow slower and go step by step by step and i was biting off way too much at once and probably if i had secured that it was and i can drive right by there right now and after i got through and they didn’t pay me for any of this expenses because they had their own people do it and they built a mini storage there but i know enough about it that they had problems with that many storage was the way they built it so maybe god was leading me but maybe god was protecting me but at the end of the day i didn’t quit i kept on going and i’m telling you when it doesn’t work out when it doesn’t you don’t think you know you’re disappointed you’re you go in your quiet space and cry a little bit just wipe the tears off clean up take a nice shower stand in the shower and cry there if you want to don’t let on continue to let god rule in your life reign in your life and it too shall pass it will get better well i hope you understand that i’m being honest with you here and i want you to do well in your business and if every single time it worked out i would be surprised thanks for being a part of Inspiring Better Business
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Gary Shotton
Founder | IBBTalks.com
The founder of IBBTalks.com which was formed to "Inspire Better Business."
As an astute businessman, he is passionate about helping others in the business world achieve maximum profits. He has a keen interest in international business. www.InspiringBetterBusiness.com

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