Mistakes Made & Lessons Learned: What Experience Teaches About Success and Failure

Patrick Trammell - President & Founder

Mistakes Made & Lessons Learned: What Experience Teaches About Success and Failure

By Patrick Trammell

Our company, Southeastern Commercial Finance, LLC, began business on March 6, 1996. Since that time, we have made a fair amount of good decisions, and plenty of mistakes. The experiences brought by the bad decisions and mistakes have made us better lenders and better business people. The writer and theologian C.S.Lewis summed up experience this way: “Experience: that most brutal of teachers. But you learn, my God, do you learn.” So it has been with us. During the past 16 years we’ve had recessions, financial meltdowns, real estate bubbles, and competitors too numerous to count entering and leaving the market. And that’s just over the past five years.

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