Posts

7 Markers for a Kingdom Business: A Framework for Entrepreneurs

AND THE AWARD GOES TO...

Our goal is to provide the BAM Community with the best content and resources available. As we wrap up another great year we will be highlighting various articles and resources which have stood out in the past six months. Below is the “Most Popular Post” for July to December 2016.

Please enjoy and thanks for following!

by Courtney Rountree Mills

A quick framework to help entrepreneurs learn how to integrate their faith life with their business life in a practical way.

Let’s face it. Life is hard enough as an entrepreneur. The whole world always seems to be resting on your shoulders. The pressure to succeed is immense. After all, if you don’t, you let down not only yourself and your family, but also your staff and their families! What gets you through the pressure? Mainly prayer and the passion you have for your business. You love the challenge of being an entrepreneur. It energizes you more than almost anything else. Sometimes thinking about your business becomes more like an addiction – you could work on or think through challenges you face all day, every day and never feel like you are completely caught up.

The only thing you care about more than your business is your relationship with Jesus and your family. Still, it seems your business ends up taking over your prayer life and family life, too. You keep hearing about how you should live an integrated life, but you have no practical idea how to achieve this. You hear people around you using the phrases “Kingdom Business” or “Missional Business.” These sound great to you, but you don’t even know what the definition of a Kingdom Business is. Measuring your business’ Key Performance Indicators is easy, but how do you measure your KPIs when it comes to integrating your life as a believer and business owner? This article provides a quick framework to help entrepreneurs live out their faith in their business. This is a topic that resonated most with the 450 entrepreneurs we have accelerated who were asking the same question. Most of this is not material I wrote. Rather, it is a compilation of some of the best material I have found on living out business as mission. Read more

Do You Have Clear KPIs for Your Kingdom Business?

by Larry Sharp

What if Jesus was your boss? What if he was the chairman of your board? What if you reported to him each month for your KPIs (Key Performance Indicators)?

What would he expect that those KPIs would be? How would he measure how you are doing?

A wise owner or manager continuously keeps his KPIs in mind. He knows that accountability is a key factor in driving results. So it is with God as the owner of our businesses because Kingdom business owners see themselves as stewards.

KPIs should be clear, short and understandable to everyone in the business. They should be measurable and uncomplicated. Either you achieved them or you didn’t; they are not fuzzy.

Profitability

We expect secular entrepreneurs to think profit margins and growth. But what about Kingdom business owners? Yes, definitely. Jesus himself established a KPI for profit as a measure of success when he told the parable of the talents (Matthew 25: 14-30). He made it clear that everyone is entrusted with wealth in unique proportions. In his example he told of one who received five bags of gold and he doubled it; another received two and he doubled it. Both were commended because they “put their money to work.” Jesus said, “Well done.”

On the other hand, one person received one talent and did nothing with it. We might have thought Jesus would have said: “…oh well, he is just not a business guy!” No – he also was expected to be profitable and when he did not even invest the gold in low-interest accounts, he was called “wicked”. Read more

Bad Math: Why Be a Business Professional?

by João Mordomo

Why be a business professional (or any other type of professional) when you can be a “Great Commission professional”? Here’s my first bit of math: “Great Commission = to make disciples of all peoples” (see Matt. 28:19-20.)

Many of us have been taught bad math. We’ve learned two formulas in particular whose conclusions can lead to confusion and a lack of clarity about what God wants to do in and through us. Here’s what I mean. We’ve learned that “Great Commission = clergy” and “Business professional = laity”.  

The almost inevitable result of this bad math is to think that the people who hold real value in God’s eyes are the clergy, the full-time religious workers. After all, we are told, they are all about “the Lord’s work,” and they “give up so much” to serve Him in “full-time ministry.”

The flip-side of our conclusion is that, sure, laypeople have some value, but it’s more about the money they make (that they then give as tithes and offerings) or the abilities they have (“hey, would you be interested in teaching a Sunday school class?”).

But that’s not what the Bible teaches! Look at what Peter writes in 1 Peter 2:9, and then get ready to jump for joy (out of your plush leather executive chair, or off of your factory floor, or… well, you get my point!)

But you are a chosen people, a royal priesthood, a holy nation, God’s special possession, that you may declare the praises of him who called you out of darkness into his wonderful light. – 1 Peter 2:9

Did you read it? If you are not jumping for joy already, maybe I can help. Read more

8 Ways to Strengthen Marriage and Family Relationships: BAM Practitioner Tips

Those who have a family and run a BAM company will have already experienced the challenges and stresses in one spilling over into the other! Threats to the healthy functioning of family life can end up becoming threats to the health of the business, and vice versa.

To close this BAM Endurance series, we are sharing insights from 12 married BAM practitioners. In Part 1 read about the 3 greatest challenges to marriage and family life these BAMers have faced while running a company.

In Part 2, we offer 8 ways to strengthen marriage and family relationships that these BAM practitioners share from their own experiences:

8 Ways to Strengthen Marriage and Family Relationships

1. Get your priorities straight

At the foundations, are you putting the first things first in your life? BAM practitioners shared that having the right foundation for decision making – shaped by the word of God, and wise advice – led them to making better choices about how they spent their time.

The biggest lesson I’ve learned is that I own the business, the business doesn’t own me. If I value family time I need to structure my business in such a way that it allows me to spend time with them. There will always be busy periods at work but if I’m always working 14 hour days I’m not doing a good job structuring things. I love the classic business book, The E-Myth which is a great reminder that I need to be working “on” the business not “in” the business. It is possible to build a business the suits the lifestyle I want to live but it takes intentional planning, strategizing and structuring. – Peter, Nepal

There are certain habits I’ve leaned on over the years and one of them is reading the Word of God. While the entirety of God’s Word, through direct reading as well as through exposition by preachers, has been helpful in guiding my thoughts and actions, I have benefitted the most from reading Psalms, Proverbs and Ecclesiastes. These books of the Bible have helped me to recognize what is most important in life and to let go of things that are not fundamental to my identity and purpose in life. – John, India/USA Read more

The 3 Greatest Challenges to Marriage and Family Life: BAM Practitioner Stories

Some BAM practitioners are married. Some are married to their business partners! Some BAMers have children. Others don’t. The shape and size of our families – and our companies – varies tremendously. Those who have a family and run a BAM company will have already experienced the challenges and stresses in one spilling over into the other! Threats to the healthy functioning of family life can end up becoming threats to the health of the business, and vice versa.

As we close this BAM Endurance series, we share insights from 12 married BAMers on the three greatest challenges to marriage and family life they face while running a company.

In Part 2, we offer 8 ways to strengthen marriage and family relationships that these BAM practitioners have shared from their own experiences.

The 3 Greatest Challenges to Marriage and Family Life

Of all the challenges to health marriage and family relationships that the 12 BAMers shared, they essentially boil down to one of three main issues:

1. Time management and stress build up

2. Blurred lines between business and home

3. Lack of understanding and support

1. Time Management and Stress Build Up

The sheer scale of the task and the responsibilities of the business can easily overtake family priorities. Running a business can become all consuming and erode time that should be spent with family. For those who work together, this problem may be exasperated if you both enjoy working hard and end up with a lack of balance between work and family-focused time. In the short-term there may be seasons where the pressures of the business mean working longer hours. However, if this is allowed to become a long-term pattern, a build up of personal and relational stress will become a threat to healthy marriage and family relationships – and ultimately the business itself. Read more

The Ingredients for a Healthy Business Team Part 2: Best Practices

‘Team troubles’ were one of the top 4 reasons BAM mentors gave for practitioners giving up and going home. The ability to build effective teams and work through difficult team dynamics is therefore crucial for the sustainability of BAM companies. In this interview, we talk to Luke, a BAM business owner living in the Middle East, about his business story and what ingredients make for healthy business teams.

Read Part 1: Business Story

What general principles do you have for any company team for building healthy team relationships?

As soon as you want to build a scalable business the business team becomes super-important. The essence of a successful business is in the team, rather than the individual. To grow you need to be able to manage the business as a team, you need to be able to be on the same page.

I think at the heart of healthy team relationships there is good communication and honesty. These build trust, they reduce the sense of isolation, and they bring unity and agreement on strategy. This is particularly important for teams in multiple locations when there is a high risk of feeling isolated or misunderstood.

Honesty is crucial. Getting to the right level of honesty to enable the team to be most effective can be painful and humbling. Sometimes I don’t want to share when things go wrong, or it’s not looking as good as I hoped. Pride can lead us to partial honesty. I am talking about the temptation to overplay a lead or exaggerate about a potential client because you want to look good. However, partial honesty seriously reduces the ability of the team to manage the business, because they don’t have a clear enough picture of what’s going on. Read more

The Ingredients for a Healthy Business Team Part 1: Business Story

‘Team troubles’ were one of the top 4 reasons BAM mentors gave for practitioners giving up and going home. The ability to build effective teams and work through difficult team dynamics is therefore crucial for the sustainability of BAM companies. In this interview, we talk to Luke, a BAM business owner living in the Middle East, about his business story and what ingredients make for healthy business teams.

Luke, you have a company in the Middle East that offers corporate team building experiences. What lead you into that business?

My professional background is in engineering and engineering requires a high degree of collaboration. There is a strong need to work in effective teams. Then early on in my career, I worked on some projects in the Middle East that got me interested in the dynamics of business and recognising how companies create employment and other benefits for communities.

Over 20 years ago, we got involved in youth ministry with a mission organisation. As part of their training, this mission uses a very intensive week-long personal and team building exercise. Trainees are put under extreme pressure to see how they cope in a team situation. Our experience with that opened my eyes further to the need for healthy team dynamics. Mission workers spend months, maybe years, preparing to go overseas, but if their team falls apart, they may have to come home.

I realised I’d had years of training as an engineer and I didn’t just want to give all that away. I was learning lessons about effective teams myself and becoming motivated to help others be effective. Alongside that, I felt drawn to do business at a heart level. So I had a sense of calling to business, but  it was also becoming a personal passion. I was praying and asking God, “What should I do, youth ministry with this mission organisation or business and engineering?” When God spoke he said, “It’s AND, not OR – do both.” Read more

So What Shall We Do Tomorrow? How We Have Endured

One day down

Sleep deprived, stressed, hiding in the office to cry, then pulling it together and working hard physically, attempting to speak a foreign language, smiling at potential customers, doing everything for the first time, from start to finish, from nerve-wracking open to exhausted and exuberant close. We did it! There was cash in the drawer to prove it. Success!!! We made it through… Day one.

We arrived home near midnight, our three small boys in tow. As we straggled through the door, my husband turned to me and said, “So what shall we do tomorrow?”

I stopped. I stared at him. Then I’m pretty sure I laughed. Barely.

All the focus for years and months had been to start a business. Now it was started. We were worn out, but the real work had just begun.

Later we learned that starting a business is like having a baby. In so many ways. One moment it appears unbelievably fragile. The next moment it’s screaming its lungs out in a show of robust strength. Helpless. Demanding. Exceedingly needy!

There was one American woman who understood this business-baby analogy before we did. She visited us the first day at the shop, congratulated us, and gave us a lasagne. Read more

10 Habits for Maintaining Physical Health: Tips from BAM Practitioners

We are connected, whole human beings and our physical well-being is connected to our spiritual, mental and emotional well-being – as well as giving us the energy needed to keep our business running. Finding good habits to keep you physically healthy will be a great investment into your long-term BAM endurance.

We are all different but we can all find out what gives and what takes energy. Then we make systematic decisions to have more of the situations that give energy in our everyday lives. – HS, Europe/Middle East

Many of the helps to physical well-being that are identified below are nothing more than common sense. We are certainly not going to win any prizes for breakthrough health advice! Yet taking care of ourselves, our spirit, intellect, emotions and body, can be the first thing to be neglected when life is stressful. It’s important to revisit the basics.

Don’t miss Part 1: BAMers in Shape? The Ups and Downs of Staying Physically Healthy

The Good Habits

Here are 10 good habits for physical health that BAM practitioners have found helpful:

1. Find an exercise routine you can do anywhere

I do some exercise before going to bed. push ups and pull ups. I do a little bit of exercise in our yard as well. All of this helps. – Daniel, Haiti

Read more

BAMers in Shape? The Ups and Downs of Staying Physically Healthy

In our series on BAM Endurance, we are discovering how BAMers don’t just survive, but thrive for the long-term. As well as keeping their companies in good financial shape, how do BAM practitioners themselves stay in shape and pay attention to nutrition, sleep and exercise. We asked 12 BAMers about the main challenges to their physical health and what habits and resources keep them going.

The Challenges

Here are the challenges to physical well-being that were commonly mentioned by BAM practitioners:

Long Hours and Constant Pressure

Long working days and difficulty taking breaks is a very real threat to physical health, especially in the long-term. This kind of relentless schedule is almost par for the course for an entrepreneur in start-up phase. However the long-term sustainability of ‘burning the candle at both ends’ should be seriously considered.

Physically the amount of hours spent in a startup that often exceeds 60 hrs per week is challenging. Growing a company is always a constant battle. My experience is that when you are in the middle of it you are devoted and full of energy, but of course in the long run you pay the price. I need to be certain that this is what I am supposed to do, to make it worth the cost. Every one of us are burning down our candle for something and that is okay. We just want to know it is the right thing! – HS, Europe/Middle East Read more