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How Startup Success Starts with You

by Stu Minshew

Highlights from the Archives

Success Starts With You

Why would a post on starting and growing your business focus on YOU? A good product or service is all it takes, right? While it is important to have a good product or service, the most important factor in the success or failure of your business is you!

Most businesses don’t fail because of poor products or fierce competition. They fail when finances are mismanaged, passion is lacking, and expectations are unrealistic. By starting with an in-depth look at yourself – including your passions, strengths, weaknesses, expectations, and financial literacy – you can take the critical first steps to launching a successful business.

Identify and Test Your Assumptions

We all have an idea of what our successful business will look like in the future. At this point, that picture might be a little blurry if your business is only a concept. However, getting a clearer picture of that vision is important for your success. It is going to provide you with a general target for how you grow your business.  Read more

Workplace Relationships: Community Interaction

by Michael Thiessen

I’m willing to bet that if you own a business, it’s not a huge mega-corporation with billions – or even millions – in revenue. You probably own a fairly small business (or might work for one). Most people would probably guess that a large share of businesses have fewer than 20 employees, but did you know that the number is 90%?

When you run a small business, your community is vital to your success. Your customers, suppliers, employees, and even your competitors, are all part of your community. The first church in Acts had a strong sense of community, which we emulate to this day in our own churches. When others need help, we provide it, whether it is financial, emotional, spiritual, or otherwise.

Communities are part of what makes us strong. But our community doesn’t stop at the doors of the church that we attend on Sunday mornings. How can we be good stewards of the business God has given to us, using it as a platform to build strong relationships with our community?

Professional Peers

We can give employees time off to volunteer, we can give discounted services to churches and other non-profits, or we can use the equipment or expertise from our business to help others in the community. I could probably list off a few dozen more, and I’m guessing you could too. Instead of spending time on those fairly obvious avenues, let’s focus instead on how we can connect with others in our industry.  Read more

Workplace Relationships: Serving Your Clients

by Michael Thiessen

Capitalism – for all of the wealth and prosperity that comes with it – has many flaws. One flaw, however, is often overlooked. Capitalism causes us to stamp out uniqueness and to treat everyone as if they were exactly the same. The industrial revolution of the 18th and 19th centuries led into the mass market revolution of the 20th century, which led us to where we are today, in the 21st century.

Along the way these revolutions significantly changed how we operate our businesses and how we treat our customers. Over time we have been trained to view other human beings as faceless numbers on a spreadsheet. In this way it has robbed us of our ability to serve each other’s unique needs. It has made it more difficult for us to love and serve our customers as individuals. But this trend is reversing. Now we have a lot more ability to serve each person’s specific needs and treat them like a fellow human, while still running a successful business.

The Mass Market and Taylorism

The mass market has profoundly shaped our society – not just by creating wealth and boosting productivity, but by changing how we think. It all started with a man named Frederick Winslow Taylor, whose ideas on what he called Scientific Management paved the way for the mass market. His innovation was simple – to apply engineering practices to the business itself.  Read more

Workplace Relationships: Loving Your Employees

by Michael Thiessen

As a business owner, you provide many amazing things for your employees. You provide financial security for their families, a sense of belonging, and the emotional well-being and satisfaction that comes from doing good work. However, if Jesus were running a business, do you think he would stop there?

I believe that we are called to much more than that. We have so many more opportunities to bless our employees and care for them – to love our neighbors as ourselves. We can learn leadership lessons from Jesus, think more deeply and compassionately about who we are hiring, find ways to engage spiritually with our employees, plus some other great ways of caring more for our employees.

Leadership Lessons from Jesus

In true biblical fashion, it turns out that the best way to lead others is to serve them. Stephen Covey, who wrote one of the best-selling business books of all-time, was an advocate of this style of leadership, aptly called Servant Leadership. This is also the style of leadership that Jesus used throughout his ministry. We see this in how he washed the feet of the apostles, humbling himself to serve them even though he was their King. In fact, one of the people I have interviewed for Marketplace Disciples has based their entire business on teaching others how to lead in this way. Jannice Moore coaches the boards of businesses and non-profits, and gets to share the story of Jesus with all of her clients:

“The model of governance in which my business specializes is Policy Governance ®. One of its fundamental principles is that the board is not there for itself, but for its owners, those on whose behalf it governs, and that the board’s relationship with those owners should be one of servant-leadership.

So I build the concept of servant-leadership into every presentation, and use it as an opportunity to note that the concept was one taught by Jesus Christ.” Read more

Where Does Your Business Fit in God’s Economy?

By Dave Kahle

Excerpted from Dave’s book The Good Book on Business

It is the early moments of creation. God is busy at work, creating the universe, and has just created his most complex entity: Man. Or, more specifically, the man Adam. He is a special creature, made in the image and likeness of God himself and placed at the very top of the created world.

How will God relate to Adam and his progeny? Will he create some special organization, like a church, and command Adam to worship him? Will he give Adam a family and expect that in the myriad decisions of raising children and getting along with his spouse Adam will seek him out for wisdom and guidance and thereby seek a relationship with God? What will God do with Adam? For what purpose did God create him?

He will give Adam a job. First, a lifetime purpose and then a specific task that contributes to that purpose. Then within the context of that job, God will work with Adam, speak to him, relate to him, and work together with him.

In other words, God created work—and by extension, business—as the venue in which God would speak with man, relate to man, and work with man.

Let us take a look:

The Lord God took the man and put him in the Garden of Eden to work it and take care of it.
(Gen. 2:15) Read more

Pride, Humility, and Failure

By Dave Kahle

Remember John Delorean?  He was the superstar General Motors executive who started the Delorean Motor Company.  When the company began to falter, he was arrested and charged with complicity in a drug deal that some speculated was an attempt to raise money to prop up the company.

All of this was big news in Detroit, where I was living at the time.  One particularly insightful article in the Detroit News theorized that he had been supremely successful his whole life, and thus never learned to deal with failure.  His development was stunted by a lack of failure in his life.  Faced with the pending failure of his auto company, he had nothing to lean upon and lost his moral compass.  A long string of successes had not developed his character.

Perhaps.  There is one thing for certain, regardless of the individual circumstances for Mr. DeLorean.  If we choose to, we learn more from our failures than we do from our successes.  Within every failure there is the seed of a lesson well learned, of a solid character trait emerging.  It is our failures that contribute most intensely to our development.

To this day, I can recall with vivid detail the events of my most humiliating failure as a sales person.  It was early in my career, about three decades ago, and I had made the mistake of speaking badly about the competition to a customer.  The customer was a personal friend of the competitive sales person and was personally affronted by my comment.  The dressing down that I received at the hands of that customer remains painfully with me today.  I don’t believe that I have ever made that mistake since. Read more

Creating Wealth that Reaches Beyond the Dollar Sign

by Joseph Vijayam

BAM Conference 2018 Speaker, September 21-23 – Visit bamconference.com

We who form the Church of Jesus Christ are called to usher in the kingdom of God in all its fullness. Bringing in the kingdom requires the Body of Christ to do many things. One of these is to create wealth.

In Ephesians 5:25-27, Paul uses the imagery of marriage when he refers to Jesus Christ as the Bridegroom betrothed to His bride, the Body of Christ. We are the friends of Christ the Bridegroom, and in that special role we have been entrusted with the task of hastening the day of His wedding. It requires us to work towards preparing the bride so that she is ready and spotless. This happens when the hearts of people across all nations, tribes and tongues are yielded to His Lordship. To this end, we must preach the gospel, make disciples, free the oppressed, feed the hungry, serve those in need and bring in righteousness and justice to all people.

God will do the above through those that fear Him. Wealth is one of the important resources that He grants to His people to accomplish His purpose for all mankind. Wealth is needed to fight poverty which is the primary characteristic of Satan’s kingdom – an antithesis of God’s design and desire for us to enjoy abundant life.

Poverty is often not the result of the sin committed by the person who lives in poverty, but it is a sign that Satan is active in stealing, killing and destroying in order to perpetuate poverty around the world. The good news is designed to provide relief to the poor (Isa 61:1-4). This includes those who are economically poor, the hungry, thirsty, naked and homeless as well as those who are broken hearted, restless and in bondage to sin (Mt 25:35-36). While the anointing breaks spiritual yoke (Isa 10:27), money is needed to break material yoke. Read more

Excerpt from Wealth Creation and the Stewardship of Creation

Intentional Stewardship

Along with the spiritual, financial, and social bottom line, the environmental bottom line is an integral measure of a God-centered successful business. The subject of this series is wealth creation for holistic transformation. The work of wealth creators includes sharing the Good News of salvation through Jesus, improving the financial wellbeing of society and the staff within their companies, providing the dignity of work and the stability that ensues from meaningful long term employment, developing a society where we love each other as we love ourselves, and providing the clean energy, water, air and land on which we live. The wealth creator acknowledges this inextricably linked web of relationship with Christ, society and creation.

Environmental stewardship, then, is not an add-on. It is not part of a marketing plan to ‘look good’. It is a God-given command to steward his creation. By affirming one’s business and passion for wealth creation as an important part of the business ecology and an instrument in meeting the cultural mandate, creation will be restored and opportunities for wealth creation will be seen. Each business run by wealth creators has a specialty, a God-gift, and points of excellence that can be applied to a pressing environmental issue. A transportation company can work on innovative fuel efficiency and improve transportation of needed medicines. A restaurant can source its food stocks with care,[i] and reduce food waste by supporting the food bank with excess, then composting the rest. An office can install passive cooling, energy efficient lighting and provide incentives to reduce commuting or increase the use of less polluting transport for their employees. Companies have the advantage of scale and resources to do much good quickly. Environmental discipline is financial discipline (conservation of resources), social discipline (respect of local communities and the resources under their stewardship), and spiritual discipline (obeying God’s commandment to steward the earth). The bottom lines are integral and are split into four for convenience, but not in practice. A company is not truly profitable until it affects a positive return in each bottom line. Stewardship is intentional and requires discipline to carry it out. Sustainable living is to ‘aim for a full, just and responsible enjoyment of the amazing gifts that our generous God has provided for us.’[ii] Read more

Excerpt from Wealth Creation and Justice

Righteous Business

Justice. Righteousness. Scripture often treats these as synonyms. Yet each is distinct. To be just means one has avoided breaking the law, and has fulfilled the law. It conveys an absence of culpability. Righteousness, by contrast, implies a larger, fuller standard of behavior. It subsumes justice, but adds the love-motivated behaviors that represent the very heart of God’s kingdom. Righteousness is a higher standard than justice, applicable to those with ‘ears to hear’. We see this distinction play out quite clearly in Scripture’s guidance to business people.

The Bible has quite serious things to say to employers regarding just compensation of workers. God frequently and emphatically condemns businesspeople who take advantage of their workers, particularly through exploitive compensation:

‘Why have we fasted’, they say, ‘and you have not seen it? Why have we humbled ourselves, and you have not noticed?’ Yet on the day of your fasting, you do as you please and exploit all your workers (Isa 58:3, NIV; emphasis added).

Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty (James 5:4, NIV; emphasis added).

Then I will draw near to you for judgment. I will be a swift witness against the sorcerers, against the adulterers, against those who swear falsely, against those who oppress the hired worker in his wages, the widow and the fatherless, against those who thrust aside the sojourner, and do not fear me, says the Lord of hosts’ (Mal 3:5, ESV; emphasis added). Read more

Excerpt from Wealth Creation within Global Cultural Perspectives

Kingdom Values Trump Mere Cultural Values

All the participants and all the case studies used in this paper show a very strong adherence to the supremacy of Kingdom values over culture. Biblical wealth creation demanded, even in challenging cross-cultural situations, that whenever a cultural value came into conflict with a cultural norm, then the cultural norm must bow. Biblical values were transcendent and universal.

Unsurprisingly, empirical research by secular sources has echoed this insistence on the reality of universal values. Rushworth Kidder’s research with the Institute for Global Ethics, for instance, shows five core values shared universally: honesty (or truth or integrity), responsibility, respect, fairness, and compassion.[i]

Amongst the practitioners we interviewed,[ii] the most commonly noted biblical values relevant to the task of wealth creation were the following:

Integrity

The issue of ‘corruption’ is frequently mentioned as a chief concern. Its reality was clear, and numerous business leaders expressed their determination to fight it, even at the cost of significantly endangering the official permissions necessary for their projects. Encouragingly, despite the risks, there were numerous testimonies of the eventual success of these same projects. Moreover, their stance for integrity earned them the added advantage of the good reputation, both for their businesses and the God they represented. Read more