10 Guiding Principles for Business as Mission

A good business as mission business will, by definition, have many of the characteristics of any well-run business. A kingdom business must be profitable and sustainable just as any other business. Integrity, fairness and excellent customer service are characteristics of any good business, not just a business as mission venture. As such, while important, those characteristics will not by themselves necessarily point people to Christ. A kingdom business begins with the foundation of any good business, but takes its stewardship responsibilities even further.

What follows is a list of principles that should underpin a business as mission business. First we list the basic foundational principles that must exist in any good business. Following that are the principles that distinguish a good business as mission business.

Foundational Business Principles

1.  Strives to be profitable and sustainable in the long term

Profit is an indication that resources are being used wisely. It indicates that the product or service being produced and sold does so at a price that covers the cost of the resources, including the cost of capital. For most businesses, profits are fleeting, and never a sure thing. It is common for businesses to experience periods of low profit, and even negative profit. Thus it is important to take a long-term view of profitability. Occasional windfalls are often what will sustain a company through periods of financial losses. For that reason a well-managed business will use extreme care when considering whether and when to distribute profits. Profit, and its retention, is not necessarily an indication of greed. Read more

Ask a BAM Mentor: Evaluating a Business Opportunity

Twice a month, our panel of mentors answer your practical business questions. Send us your questions!

 

Dear BAM Mentors,

What are the most important questions to ask myself when evaluating a business opportunity?

~ Business as Mission Newbie

 

 

Dear BAM Newbie

First and foremost, set your goals according to the principle, “Seek ye first His kingdom and His righteousness and all these things shall be added to you.” (Matthew 6:33). Then, ask God for guidance into a business ministry of His choice for you, wait for His answer with a listening heart and mind. Third, allow God to choose life and business partners who identify with your God-given vision and mission objectives by asking everyone who wants to be an investor or active partner in the business whether they understand, agree and fully embrace the vision God has given you. – Joseph Read more

Friday Links: Posts and Resources from the BAM Community

Every Friday we connect you with some of our recent favourite links. This week:

Posts and resources from the wider BAM community

Top Reasons Startups Fail – IBEC Ventures

One of our challenges is to continually ask the question: is there a market need for our services? Are we ahead of the times? What price point will the market withstand? What marketing strategy will best match supply with demand? How does one develop faith in the consulting product? What does it mean to create value first?

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Ask a BAM Mentor: Meet the Mentors

We are excited to introduce a new regular blog feature for ‘The BAM Review’: Ask a BAM Mentor.

Ask a BAM Mentor will be an opportunity for readers to ask practical business questions to experienced business as mission leaders, business owners and consultants. Every two weeks we will post a new question and hear responses from our panel of mentors. Submit a Question

Meet the Mentors:

Christa Foster Crawford 
Christa has worked to end human trafficking and sexual exploitation in Thailand and the Greater Mekong Subregion since 2001. In 2003 she started a social enterprise for freedom, pioneering small Food and Beverage/Hospitality businesses to offer sustainable alternatives to exploitation. She currently empowers the work of other organizations through the Trafficking Resource Connection, providing expert advice and referrals, resource development and sharing, and teaching and training. A passionate advocate, Christa speaks, writes and teaches internationally on issues of human trafficking, sexual abuse and exploitation, and children at risk. She is a graduate of Harvard Law School and Claremont McKenna College.

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What is Business as Mission?

Read our short introduction to business as mission:

Business is a God-given vocation and institution in society, with the potential to bring multiple benefits to people, communities and nations. Business as mission intentionally leverages this intrinsic power of business to address spiritual needs, hand in hand with social, economic and environmental needs.

Business as mission is demonstrating what the Kingdom of God is like in the context of business – and as we do so, engaging with the world’s more pressing social, economic, environmental and spiritual issues.

There is a growing consensus around this idea, although other terms are also used for the same concept. Many prefer alternative terms such as: Kingdom business, missional entrepreneurship, transformational business, missional business or business for transformation (B4T), among others. Business as mission, or BAM, is just one widely used term in the English language, other terms have developed in other languages. Read more

Four Pillars of BAM Preparation

Living in Thailand, we are surrounded by houses built on pillars. This picture hangs in our house, a constant reminder of the importance of strong foundations. I think of a BAM business being like a house built on pillars. No matter what shape the house is, what it looks like on the outside, the pillars (or foundations) must be strong to support the structure.

Each individual launching into BAM will have different experiences and a different journey of preparation. BAM models and strategies will naturally be diverse. God is creative and He has made each of us to be creative. There is no single BAM model that will work for everyone, everywhere. However, there are at least four common areas that need to be intentionally built to form a strong foundation for any BAM business. Like the pillars supporting a house, if one of these areas is weak or missing the whole structure will be unstable. If you are getting ready for business as mission, be intentional about building up these four pillars of BAM preparation:

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Five Tips for Starting a BAM Journey

Getting stirred up for business as mission? Wondering how to get started, here are our top five tips:

1. Seek the Lord

Take time to pray. If God is calling you to serve Him in business, ask where, when, how, with who? What path of preparation is He leading you on?

2. Connect with BAM stories

Read about real business as mission experiences, or go to an event where you will hear practitioners share their stories. Stories bring ideas alive for us by literally lighting up more areas of our brain!

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Business as Mission: A Three-fold Mandate

by Mats Tunehag

Business is more than making money, at least it should be. According to the “father of capitalism” Adam Smith, businesses exist to serve the general welfare.

The computer pioneer Dave Packard said: ”Many people assume, wrongly, that a company exists simply to make money. While this is an important result of a company’s existence, we have to go deeper and find the real reasons for our being. People get together and exist as a company so that they are able to accomplish something collectively that they could not accomplish separately – they make a contribution to society.”

In the last few years we have been able to witness the effects of a global economic crisis. Mahatma Gandhi’s list of seven deadly social sins seems to be an accurate diagnosis for some of the causes of this crisis. It has been too much…

  • politics without principle
  • wealth without work
  • commerce without morality
  • pleasure without conscience
  • education without character
  • science without humanity
  • worship without sacrifice

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Assessing the Viability of a Great Commission Company

by Steve Rundle and Tom Steffen

The following are just a few of the questions that should be asked when assessing the viability of a Great Commission Company (GCC).

Economic Viability
  1. Is there a clear statement of the purpose and goals for the company?
  2. Does the management team have the appropriate experience and training?
  3. Can the business create and maintain a competitive advantage?
  4. From a financial perspective, is the business an attractive investment?
  5. Is there a clear path from start-up to financial sustainability?
  6. Are there investors and other advisers committed to helping the company reach financial sustainability?
  7. Is this a business concept that has worked in other contexts?
  8. What are the risks?
  9. Is the business model flexible enough to allow for expansion, changes in direction or alliances with other companies?
  10. How will the net earnings be distributed?
  11. How and when can the investors expect to be repaid?

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Thinking Bigger About Business: Biblical Foundations for BAM

What does God say about business? What were His intentions when he made enterprise part of His design for human society? For those pursuing business as mission it is essential to build on solid Biblical foundations.

Three reasons to build a Biblical foundation for business, work and economics:
1. Broadening our horizons

Most start with a particular motivation when they launch into BAM and there is nothing wrong with that. However, embracing all the ways that business might positively impact a community will give us greater potential to intentionally create that impact. Let us understand and embrace the fullness of God’s design for business. Let us celebrate His intentions. As we do that, we will have to say, “Wow!” God is so creative and He has given us the ability to be creative, to add value, to make money, to create wealth and come up with new innovations, that provide livelihoods, that help a community develop, that help us live in peace, that close the door on exploitation, that give lives meaning and transform people’s values, that communicates the Gospel… These are all God’s gifts to us in business! Read more