Tag Archive for: mentors

It Takes an Ecosystem to ‘Raise a BAM Company’!

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There are many different ways to get involved in business as mission and the BAM movement needs many types of people, skills, experiences and passions. If you are interested in engaging with BAM, there is a path and role for you! Last month, we started with the topic of getting involved in doing BAM yourself. This month, we are exploring ways to support and resource others to do BAM – in other words, how to help build the business as mission ecosystem!

Business as mission companies and practitioners need many different kinds of support and resources to thrive. To discover the many different and necessary roles in the BAM ecosystem, read Part 1 of this series.

To wrap the series up, we thought it would be fun and interesting to look at this issue from the other side; from the point of view of the BAM practitioner. We asked the owners of two BAM companies about the supportive ecosystem around them.

A well-known saying in English is that “It takes a village to raise a child.” I think we could also say, “It takes a vibrant support network and ecosystem to raise a BAM company!” Would you agree with that?… And if so, how have you seen that play out in your own company experience?
Ryan and Lee, BAM Real Estate Development Company in Southeast Asia

Yes, absolutely. We wouldn’t be where we are today without an incredible network of advisors.  For us, it started with informal advisors from our personal network and over the years it has become much more formalized and strategic. I like to think about our network of advisors in concentric circles with those in the inner circle reserved for a few people who care for and understand everything about you. The highest level of trust and vulnerability happens at the inner circle level. Many people refer to this as a personal board. The next circle is our advisory board which in our case functions more like a governance Board for our BAM ventures. They are concerned about us, but also very much concerned about the mission and vision of the venture and ensuring it’s sustainability and purpose.  The next level of advisors we engage with are subject matter experts, who can be consultants and/or coaches. We normally engage with SMEs for specific challenges or time periods.

As we grow, we have had to learn how to adapt our use of advisors along the way. We are slow to bring a new person onto our Board, so we typically engage them first as an SME. An SME may engage with us for weeks/months, a board member engages for years, and the inner circle is  more of a lifetime commitment.  The relational aspect increases as it goes closer to the center, but in all situations we like to clarify expectations in writing that explains what we are asking of the advisor and how we will review our working relationship overtime. In the past, we didn’t have anything in writing and it was awkward to ask someone to step aside from a role, when in reality we needed someone else with a different set of experiences and giftings for a new phase of growth.  Read more

An Abundance of Counselors: Practical Steps to Set Up an Advisory Board

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This December marks 8 years of regularly posting content on The BAM Review Blog. This month we are sharing some past posts on practical BAM topics that you might have missed.

 

Dear BAM Mentor,

I keep hearing that having an Advisory Board is good idea for a BAM company. How is an advisory board different from other kinds of boards and how should I go about setting one up?

~ Needing Advice

Dear Needing Advice,

The question arises as to the purpose and practicality of an Advisory Board for a small business or a startup. I have had advisory boards for several of the businesses I’ve launched and served on advisory boards for others. Needless to say, I am a big fan.

King Solomon put it like this:

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.”  Proverbs 11:14

“…for by wise guidance you can wage your war, and in abundance of counselors there is victory.”  Proverbs 24:6

The basic premise of an Advisory Board is that, rather than try to figure out everything on your own, you can enlist the wisdom, perspective and experience of others to help you “wage your war.” In addition to advice there is also a healthy element of accountability – something many entrepreneurs don’t want, but something all of them need. Read more

9 Keys for Successful BAM Deployment

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Read this classic blog from our Archives, first published on The BAM Review blog in February 2016 and republished for the Summer Series 2022.

Here are 9 Keys for Successful BAM Deployment that have been themes shared over and over by experienced BAM practitioners and mentors. These are principles and practices observed over years of listening to BAM pioneers, writing BAM stories and collecting information about how to do BAM. Many of these Keys have been shared by BAMers and BAM leaders over the last few weeks as we have explored the topic ‘Launching Out and Landing Well’ – they come out in the stories, snippets, and teaching we’ve shared, as well as in the BAM Think Tank research we’ve been drawing on.

1. Walk with God

Abide in Christ. It’s essential to be connected to the Vine, a growing disciple of Jesus, if we are to bear fruit! That means spending time listening and talking to God in prayer and being attentive to His calling and direction for your life. It means growing in Godly character as you are rooted in His word, and opening up to spiritual input from others. Prayer is mentioned over and over by BAMers as a foundation stone for BAM in practice, at all stages: preparation, launch and continued growth. Having a sense of call and leading from God is another often cited core driver for BAMers. Spiritual formation through discipleship and teaching is a life-long pursuit – whether through books, sermons, devotional materials, courses, retreats or intentional relationships. Making yourself accountable to peers or elders that will challenge you to grow in Christ-like character is another way to keep soft and open to the refining work of the Holy Spirit in our lives. Read more

An Abundance of Counselors: Practical Steps to Set Up an Advisory Board

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We are revisiting some of the classic material from The BAM Review blog on governance, accountability and the support that a BAM practitioner needs around them to thrive.

 

Dear BAM Mentor,

I keep hearing that having an Advisory Board is good idea for a BAM company. How is an advisory board different from other kinds of boards and how should I go about setting one up?

~ Needing Advice

Dear Needing Advice,

The question arises as to the purpose and practicality of an Advisory Board for a small business or a startup. I have had advisory boards for several of the businesses I’ve launched and served on advisory boards for others. Needless to say, I am a big fan.

King Solomon put it like this:

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.”  Proverbs 11:14

“…for by wise guidance you can wage your war, and in abundance of counselors there is victory.”  Proverbs 24:6

The basic premise of an Advisory Board is that, rather than try to figure out everything on your own, you can enlist the wisdom, perspective and experience of others to help you “wage your war.” In addition to advice there is also a healthy element of accountability – something many entrepreneurs don’t want, but something all of them need. Read more

Ask a BAM Mentor: Tensions in Integrating Business and Mission?

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Three experienced BAM mentors answer a common question: how do you deal with seeming tensions in integrating business and mission?

 

Dear BAM Mentor,

I am feeling some tensions as I begin to integrate mission and business goals together in my business operations. What tensions have you felt and how have you overcome them? What practical tips or principles have you found helpful?

~ Tense in Tashkent

Dear Tense,

This is a great question and a common one. You are in good company!

First, let’s think through where the tensions may be coming from. For example, if your business partners or key managers are not believers or do not understand Kingdom Business that creates one set of tensions. Or, if you are burdened with the hangover of the “sacred-secular divide” that creates an entirely different set of tensions. Another source of tension is simply not being sure how to do solid business planning with a missions or kingdom purpose

Second, let’s think through each option.

My Partners/Managers Don’t Get Kingdom Business
If there isn’t alignment on this foundational part of your business at this time don’t despair. Take a discipling approach – patient education and demonstration can go a long way to helping your team see the eternal picture. Perhaps some reading and discussion meetings. Perhaps video training. And lots of prayer. Lots of prayer.

I’m Not Comfortable with Integration… Not Totally
We all struggle with the remains of the destructive illusion of sacred vs. secular. The good news, though is that since it’s an illusion it only exists in the mind. Soaking your mind in the truth of Scripture and some excellent writing/teaching is the answer. Books like Every Good Endeavor by Tim Keller and Business for the Glory of God by Wayne Grudem are great places to start.

Read more

Seven Reasons Why Everyone Needs a Coach

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by Larry Sharp

When I was a collegiate hockey player, it never dawned on me that I might not need a coach. Not only did the coaches help me with personal skill development like skating, passing, shooting, and checking, but also how to develop my team play so together we could be successful.  Although I had good coaches and poor coaches, I always knew that I needed a coach.

Why then did it not dawn on me that I needed a coach when I was supervising 120 employees just months after graduating from university?  It was not like I had a super-mentoring boss because I did not, and I don’t think I was arrogant and thought that I knew it all.  Why did I not think I needed a mentor?

While it is true that my management career began long before Bill Gates affirmed that “everyone needs a coach”, I have often reflected on why it is that people still today think they don’t need a mentor, or a coach or consulting help?  These few thoughts are intended to help encourage business owners and managers to seek a coach, mentor or consultant.  Read more

Business Response & Recovery Plan to COVID-19

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A process to lead your organization through uncertainty and down the road to recovery

If your business has been hit hard by the COVID-19 pandemic, we recommend taking immediate action. Don’t “wait and see” what might transpire.

We have identified four stages you can take to proactively lead your organization through the uncertainty and down the road to recovery.

Our Core Assumptions

  • The spread of this pandemic will lead to major disruptions in almost every industry.
  • A “wait and see” approach could be destructive –prepare for the worst and hope for the best
  • No one can predict the future. A systematic and agile approach is needed.
  • Every customer and employee is experiencing some level of stress, anxiety, or fear. Strong values-based leadership is needed
  • No business will remain the same. The disruption will create opportunities for retooling or repositioning for those that are proactive.

 

1. Getting Started in the Emergency Room

Main Priority: Help your leaders and organization recognize the urgency of the times, align to secure the safety of stakeholders and stop the financial bleeding.   

Here are some activities for the “Emergency Room” stage of a crisis:

Rally Key Leaders

 Rally key leaders with a wake-up call and clear sense of urgency

 Avoid inaction and a “wait and see” approach

Key Questions to Answer:

What is a realistic picture that recognizes there is no certainty on when things will improve?

What will need to change with your communication and meeting cadence?

Set a Baseline

 Determine clear financial picture around cash flow, profit/loss, etc

 Identify cost cutting measures

 Determine worst case scenario for supply chain, project schedules, and other operational critical areas

Key Question to Answer:

How deep can your cuts go without inhibiting your ability to recover once stable?  Read more

What Advice Would You Give to BAMers Going Through Covid-19?

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by Sam Cho

What advice would you give to BAM entrepreneurs going through the Covid-19 crisis?

I asked this question to various experts in business and mission in my network (mainly in the Korean BAM network). Twenty people responded with advice, including several BAM practitioners, several entrepreneurs, four business professors, a missiology professor, and two top-level executives at global companies. 

What follows is a summary of their opinions and advice. We hope it is helpful for BAM practitioners in the current situation.

Survive and Learn

  • Increasing liquidity is critical. Survival can rightfully be the main theme during this period. Discounting the price of services and products only to cover overhead cost is just fine. You do not have to make profit during this period but just to make money enough to float. Discount accounts receivable is an option too in order to attain cash. Negotiate your accounts payable with your suppliers to cut down the amount owed for better liquidity.   
  • It may pay off to make an extra effort to search for government support packages like long-term loans, subsidies for foreign ventures or extensions of payback periods. Don’t overlook this possible opportunity. If your loan is on a variable-interest rate, try to renew the loan on better terms. 
  • If you survive this time, you need to earn a lesson about risk management. Many companies usually have a one-month cash reserve in the case of no sales coming in. Running a BAM business abroad means relative lack of available financial resources in difficult times. Remember that often when it rains, it pours – and not just during crisis like Covid-19. Building up a three-month cash reserve is a must; you may need more depending on the volatility in the area and industry you are in. 
  • Many BAM missionaries and tentmakers working under a mission agency often do not have (enough) donation-based support and rely on their living from business or job income, which is positive. However, for times when business is difficult, it might be advisable for Mission Agencies to build a common contingency fund or encourage more fundraising for these workers.

Renew Intimacy with God and Family

  • We could lose our daily devotional routines and sense of intimacy with the Lord from the daily busy-ness of business life. Crises such as this can lead us to return our heart back to the Lord and open a door to be near to our Lord again. The Lord always responds to our prayer in trouble, even when that does not mean the survival or prosperity of our business. 
  • You can ask your friends to pray together. If you do not have a prayer group, you may start one so that you can have a group of people you can talk to and pray with. Times of trouble are really a good chance to ignite passion in the group. Like-minded businessmen or women or financial supporters from your mission or sending church members could be good candidates for the prayer group. 
  • If your business is slow or has a temporary shutdown, you can spend that time with your family. Many BAMers often lose rest and time with close ones like the spouse or children. God may want you to slow down and to come back to your loved ones. True rest can give you energy and creativity, and true rest comes from intimate relationships with the Lord and family.  

Read more

Unleashing the Whole Body of Christ to Reach the Whole World

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Matt was thrilled to finally share with his Southeast Asian neighbors all the opportunities to serve them through his social work. He described how he could dig wells for access to clean water, build schools, or hold food and clothing drives to bless their community. To his surprise, his friends told him he was wasting his time. They didn’t want any of that. Instead, they desired access to western markets through Matt’s connections. One friend said, “In this way we can produce a product, sell it to the West, and make money for ourselves. Then with our own money we can choose how to meet the needs of our community such as food, clothing, shelter, and education, instead of having you westerners tell us what we need.”

Matt took this curt response as a sign of genuine friendship and prayerfully considered their advice. Sensing this was the Lord’s will, Matt and his wife Amy left their social work behind and set up an essential oil distillery to harvest local Southeast Asian plant oil; a product highly sought after in the West. This small for-profit manufacturing business provided employment to many farmers throughout the rural countryside and as a result, positively impacted the lives of hundreds of indigenous unreached people. To date, nearly a thousand of these precious people have responded to Jesus Christ in an area that previously had not known His name!

Business for Transformation

God orchestrated this wonderful story of redemption through the dynamic combination of both spiritual and economic ambition. Matt had a background in agriculture, Amy knew chemical engineering, and they both longed for salvation to come to the unreached. All they needed was the candid response of a local friend to help them put all the pieces together into the beautiful concoction of what we at OPEN call Business for Transformation (B4T).

B4T is the strategic use of business and professional skills for the purpose of bringing economic and spiritual transformation to communities among least reached peoples. B4T is the glorious mixture of apostolic zeal to preach the gospel where Christ is not known (Romans 15:20) together with the ancient understanding of work (Genesis 2:15), a God-imaging activity that He receives as worship. (See more here, here, here, and here). 

Read more

9 Keys for Successful BAM Deployment

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As we count down to the BAM Global Congress in April 2020, we revisit some of the key issues that we want to address when we gather together. These 9 keys are all themes, workshops and practical steps that we are intentionally focusing on at the Congress 2020 and we invite you to join us!

Here are 9 Keys for Successful BAM Deployment that have been themes shared over and over by experienced BAM practitioners and mentors. These are principles and practices observed over years of listening to BAM pioneers, writing BAM stories and collecting information about how to do BAM. Many of these Keys have been shared by BAMers and BAM leaders over the last few weeks as we have explored the topic ‘Launching Out and Landing Well’ – they come out in the stories, snippets, and teaching we’ve shared, as well as in the BAM Think Tank research we’ve been drawing on.

1. Walk with God

Abide in Christ. It’s essential to be connected to the Vine, a growing disciple of Jesus, if we are to bear fruit! That means spending time listening and talking to God in prayer and being attentive to His calling and direction for your life. It means growing in Godly character as you are rooted in His word, and opening up to spiritual input from others. Prayer is mentioned over and over by BAMers as a foundation stone for BAM in practice, at all stages: preparation, launch and continued growth. Having a sense of call and leading from God is another often cited core driver for BAMers. Spiritual formation through discipleship and teaching is a life-long pursuit – whether through books, sermons, devotional materials, courses, retreats or intentional relationships. Making yourself accountable to peers or elders that will challenge you to grow in Christ-like character is another way to keep soft and open to the refining work of the Holy Spirit in our lives. Read more

12 Stakeholders You Should Engage in Your Business Startup

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TOP 5 BLOGS IN 5 YEARS

This month we are celebrating 5 years of publishing weekly blogs on The BAM Review and sending out bi-weekly emails!  To celebrate, we are re-posting the TOP 5 most read blogs from the past 5 years for your reading enjoyment.

We asked a team of BAM experts to give some practical advice for BAM practitioners creating business plans. For this post we asked them about key stakeholders in the business planning process.

A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. – BBC

Mats Tunehag, Larry Sharp and Garry all actively mentor frontline BAM companies – as well as  teach and write on BAM. We also asked business woman Julia to share about a stakeholder she has found helpful in her business in Mongolia. Read more about them below.

Here are 12 stakeholders they mentioned, there are others:

  1. Investors – owners, bank or investment company
  2. Business people – in companies working cross-culturally in your business or industry
  3. Business consultant – someone with specialist knowledge
  4. Colleagues – management and staff
  5. Customers – those likely to be your clients
  6. Suppliers – of essential materials and services for your business
  7. Community – local society and also the physical environment
  8. Cultural expert – someone with insight into engaging with local community
  9. Government official – someone who can give you insight and be an advocate for you
  10. Body of Christ – local church community, mission organisations and supporting churches
  11. Spiritual advisor or mentor – someone with wise counsel you can be accountable to
  12. God – the most important stakeholder

Read more

Thriving vs Surviving: Building Skills and Support for BAMers

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by Robert Andrews

Editors Note: When we asked veteran BAM leaders to identify some of the pressing issues that are facing the business as mission movement in the next decade, among the issues they identified were several areas that could broadly be categorized as ‘resource gaps for BAM companies’, including:

1. Adequate financial capital flow.

2. Adequate human capital flow – both in terms of a) recruiting the right kind of people to begin and sustain a BAM company, and b) succession planning and the successful transition of a BAM company from one generation of owners to another.

3. Adequate support for BAM practitioners, especially mentoring, accountability and care.

We have been posting articles covering each of these issues during the month of June, this week concluding with providing adequate support for BAMers.

Building Adequate Skills and Support for BAM Practitioners

There are many challenges facing the BAM community and it’s encouraging to see so much effort going to understanding and addressing these. One of the thornier issues is how best to support BAM practitioners in their work. These can be nationals trying to build the Kingdom in their home countries or foreigners who have committed to business in a cross-cultural setting. Both need support, but what support to give and how to give it is a current and urgent discussion.

Leading a BAM business requires a large set of skills, some of which one hopes the BAM practitioner has at the outset, but many of which will have to be learned, hired, purchased, or borrowed from others. A beginning list of these skills could fall under the following headings:

  • General business:  finance, marketing, sales, HR, strategy, operations, business law; the stuff of an MBA
  • Industry specific:  how to make the product or deliver the service, the industry sales and pricing dynamics, and familiarity with the global market leaders
  • BAM general:  the theology of BAM and an understanding of how to make a spiritual impact while operating a business, plus access to a BAM network
  • Country/Region specific:  language, culture, worldview, local religion, local political, social or environmental issues, local business practices and law; plus the local spiritual dynamics, the status abd challenges of the local church, and an awareness of what God is doing in the region
  • Personal/Family: emotional intelligence, strong personal spiritual life, character, care for family members, marital strength, physical health and habits

Read more

Don’t Lose Your Way: The Importance of the Business Development Process

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AND THE AWARD GOES TO...

Our goal is to provide the BAM Community with the best content and resources available. As we head into winter we are highlighting various articles and resources which have stood out in the past 6 months. Below is the “Staff Pick” for August to December 2017.

Please enjoy and thanks for following!

How can BAM companies avoid losing their way? On the one hand, many BAM startups lose momentum, fail to break even, or simply get aborted. On the other hand, some BAM companies that reach financial success find themselves in danger of losing sight of the non-financial goals and objectives that led them to start their BAM venture in the first place. Although there are as many different reasons for BAM failure as there are struggling, closed, or misdirected BAM companies, I believe there is a common antidote to keep companies from getting off track: an ongoing rigorous business development process.

What happens to a company in the absence of an ongoing rigorous business development process? It then becomes a challenge to grow or lead the business forward in a way consistent with its BAM vision, goals, and objectives. This is often the result of two common business development failures:

1. The leader failed to articulate a sustainable BAM vision and robust strategy to begin with.

2. The leader failed to execute against the strategy and has not been held accountable to it.

The good news for BAM practitioners is that there are plenty of resources available to help with the first challenge – and putting together the right team and structures can help overcome the second. Read more

Inviting Others To Not Be Sheepish

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by Patrick Lai

John Piper writes, “For much of my Christian life I have had a one-sided view of “speaking the truth in love” (Ephesians 4:15). I assumed that the verse meant only that when hard news or rebuke needed to be brought, it should be done with tenderness and sensitivity. I was wrong. Not totally wrong. I understood correctly the verb and the love: that hard news and rebuke should always be brought with appropriate sobriety, humility, and never with arrogance and harshness. But I neglected to focus on the other part of Paul’s phrase: the noun and “the truth.”

Just two verses prior to that the Apostle Paul clarifies that the goal of building up the body of Christ is to attain to the unity of the faith and the knowledge of the Son of God. So the “building up” begins with people who are agents of truth. As we work together we need to look for opportunities to speak the truth in love to one another. This is how we serve and protect one another in Christ. This is how we build up one another and build unity and teamwork in our lives and work. This is how God gives grace to others through us. And as Paul summarizes in verse 4:29 this what is helpful for building others up according to their needs, that it may benefit those who listen.

Good accountability requires feedback. Yet honest feedback is hard to come by. To become more effective and fulfilled – more Christ-like – in our life and work, each of us needs a keen understanding of what other’s think and perceive of us. Direct feedback is the most efficient way for us to gather this information on ourselves and grow from it.

Read more

Don’t Lose Your Way: The Importance of the Business Development Process

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How can BAM companies avoid losing their way? On the one hand, many BAM startups lose momentum, fail to break even, or simply get aborted. On the other hand, some BAM companies that reach financial success find themselves in danger of losing sight of the non-financial goals and objectives that led them to start their BAM venture in the first place. Although there are as many different reasons for BAM failure as there are struggling, closed, or misdirected BAM companies, I believe there is a common antidote to keep companies from getting off track: an ongoing rigorous business development process.

What happens to a company in the absence of an ongoing rigorous business development process? It then becomes a challenge to grow or lead the business forward in a way consistent with its BAM vision, goals, and objectives. This is often the result of two common business development failures:

1. The leader failed to articulate a sustainable BAM vision and robust strategy to begin with.

2. The leader failed to execute against the strategy and has not been held accountable to it.

The good news for BAM practitioners is that there are plenty of resources available to help with the first challenge – and putting together the right team and structures can help overcome the second. Read more

Identifying and Maximizing BAM Success Factors Part 1

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By Paul Harrington

In this new series on ‘BAM Success Factors’ we invite guest authors to share what they consider the key factors contributing to success and growth for BAM practitioners. To open up the series, Paul Harrington gives us an overview of the most important BAM success factors he has identified through research. 

BAM Success Factors Part 1: Professional and Technical Considerations

Starting a new career in a part of the world that is not your cultural home is a big undertaking for anyone. For those who wish to use their businesses as a means through which God can reach the world, the challenge can be even greater. Everyone involved in the Business as Mission movement wants to make sure that every practitioner that takes the bold step of setting up a business with Kingdom values in a new context succeeds. Thankfully, many of the keys to success for BAM practitioners are known and have been validated by scholarly research.

BAM practitioners aren’t the only group of people who live and work outside of their home countries. Many companies and governments, including the military, as well as mission agencies and non-governmental organizations (NGOs) send their employees to work around the world. While government and military techniques do not necessarily provide insight into how BAM practitioners can succeed, research done by and for private employers, NGOs, and mission agencies provides insight into the factors that lead to successful deployment of their personnel and have relevance for BAM practitioners.

Success means different things for different people. Since business as mission is a unique discipline with defined goals that might include the fourfold bottom line – achieving the financial goals of the owners of the company, social impact goals of the community in which the business works, goals to protect and enhance the environment, and spiritual impact goals – success in a business as mission enterprise can be measured.  Read more

Poultry Farmer to BAM Mentor: Interview with an Agriculture Veteran

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Dan Wiebe grew up in a farming family and started his own poultry business in 1970. With decades of experience behind him, he has more recently connected with the business as mission community and become a mentor to others. We asked him to share a little about his story and some of his advice for those doing BAM in the agriculture sector.

Dan, could you share a bit about your own experience in the agriculture sector, about your own background and how your family business grew?

I grew up in a family agri-business as the youngest of 7 children. My father, a second generation Canadian, had taken Teachers Training in the 1920s and by 1940 retired from teaching to manage his farm in the prairies of Manitoba, Canada. In 1949 he moved our family to western Canada to begin intensive farming with poultry.

By 1970 I was ready to begin my own poultry operation with one chicken house and 10,000 chickens. This was a time when poultry became the consumer’s more popular choice over beef.  Not only was the market expanding rapidly because chicken was a healthy alternative to red meat, but the cost of producing chicken dropped significantly as scientific improvements were introduced in nutrition and selective breeding to bring chickens to market much faster. The use of hormones in chicken production has never been legal in North America so chicken is still the safest and healthiest meat available to consumers.

I grew up observing in our own family business ways to involve all segments of a farming enterprise with the support industry in order to produce a better quality and more efficient end product. I used these lessons to integrate my own farming operation into the only fully vertically integrated chicken farm in Canada, from farm to plate.  Read more

Financial Planning: How Do I Prepare to Present to Investors?

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by Mike Baer

Funding for your new business is obviously crucial – no cash, no business. So let’s think about this from an investor’s perspective. What is it that interests him or her? What does he or she want to see? What questions answered?

Here’s what I’d be asking:

  • What exactly is the product or service that you intend to sell? Don’t assume that I understand it. Make it simple for me.
  • What is the market demand for this? Is it a cool idea, a “me too,” or is there a real demand? In other words, do people really need/want your product or service?
  • Who will your competitors be? How is your idea better than and different from theirs?

This first set of questions is about your viability in the market place. Is this a real business? This second set of questions is about you. Can I count on you? Read more

Is Your Work and Life in Balance? The BAM Balancing Act

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by Patrick Lai

Ideally, every BAMer or B4Ter wants a perfect work-life balance. But as you’ve probably already experienced, this mythical balance is rarely achievable. Striving for balance can lead to more ‘stress over being stressed’ than work itself.

To help you manage the work-life balance debate, tune out the opinions of others and start checking in with what the Lord is saying to you. Ultimately it’s up to you to figure out what balance works best for your own situation, but if you need some help finding that equilibrium point, there are others who have gone before you who can help.

Starting Out

When you are first starting you’re your job overseas or your business, you may need to abandon any idea of balance. That’s a serious statement that warrants strong consideration before moving into the B4T/BAM world. You will need to get family, friends, loved ones and especially your leaders on board with your full-court push and be prepared for some backlash at the drive you’ll need to settle into your job or to get your business going.

In starting out, the work-life balance you achieve may be more like 90/10 than 50/50. Know your own contentment level. Strive to understand what that balance is for you personally and be prepared to make the commitment act upon your decision.

Evaluation and Adjustment

As you settle into your job, that balance will change and you’ll be able to invest more time at things and with people away from the office. So recognize that the fulcrum of balance will be a sliding point on the bar of life. Read more

Education and Identity: Managing Connections to Christian Networks

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

Dear BAM Mentor,

How do you manage your associations with Christians and Christian networks – both national and international – in light of security concerns? My ideal is to maintain my relationships with churches and Christian organisations (and indeed receive vital support/services from these); and I want to be well connected into the local church. However, I am concerned about how those connections may endanger my business. How have you managed both the relational side and other more formal associations you have with organisations or churches?

~ Feeling Cautious

Dear Cautious,

I personally believe that there are two key areas that you need to focus on as you consider your associations with Christians and Christian networks while working in a hostile environment. You should concentrate on education and building a strong identity.

Ever since we moved into a restricted access country, we have been working on educating all of the different parties involved in our lives. Most of our sending churches had only dealt with traditional missionary models, so we had to talk with them about:

  • How they communicate with us in email
  • What they could post about us online
  • How they should refer to us during their services.

During the first few years, we had to be vigilant about what they were writing in their online bulletins and websites. Over time, they have come to understand the seriousness of their actions. One simple way to make your point clear is to share real life stories of people who have been questioned because of “church mistakes.” Read more

Pragmatic and Prophetic: Managing Connections to Christian Networks

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

Dear BAM Mentor,

How do you manage your associations with Christians and Christian networks – both national and international – in light of security concerns? My ideal is to maintain my relationships with churches and Christian organisations (and indeed receive vital support/services from these); and I want to be well connected into the local church. However, I am concerned about how those connections may endanger my business. How have you managed both the relational side and other more formal associations you have with organisations or churches?

~ Feeling Cautious

Dear Cautious,

This is first and fundamentally a theological-missiological issue, secondly a relational issue, and thirdly a risk-related issue. Let’s tackle the question in this order.

By “theological-missiological” I mean that the question takes us to the core issues of spiritual warfare, identity with the Kingdom of God, and the often overlooked and neglected matter of suffering for the sake of righteousness, in fulfilment of God’s purposes. The point is that, ultimately, our security is not our concern! We are engaged in a spiritual warfare, in which the advance of the Kingdom of God is often painfully slow and subject to setbacks, and that suffering, even to the point of shedding blood, let alone expulsion, is the New Testament norm. It’s commonplace, but profoundly erroneous, to assume that because we are doing something as value-added as business, we have therefore some sort of iron-clad guarantee that we’ll be exempt from the same tests, trials and trauma of any other missional effort.

By “relational” I mean that our being blood-bought brothers and sisters in Christ by definition implies a willingness to be associated with this community, to take pride in our shared identity, and to find meaningful ways to engage with other Christians. Our businesses should not be seen by the host country as discriminatory (i.e. don’t hire all Christians!) or a cover for activities that may be illegal at worst, or at least misunderstood (i.e. avoid associations with certain styles of activities or messaging that can be counter-productive). But we should resist any fear or shame in being identified with the local and global Christian community which shares the Name of Jesus, just to protect our business – which, while important, is of secondary importance to the Body of Christ. Read more

9 Keys for Successful BAM Deployment

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Here are 9 Keys for Successful BAM Deployment that have been themes shared over and over by experienced BAM practitioners and mentors. These are principles and practices observed over years of listening to BAM pioneers, writing BAM stories and collecting information about how to do BAM. Many of these Keys have been shared by BAMers and BAM leaders over the last few weeks as we have explored the topic ‘Launching Out and Landing Well’ – they come out in the stories, snippets, and teaching we’ve shared, as well as in the BAM Think Tank research we’ve been drawing on.

1. Walk with God

Abide in Christ. It’s essential to be connected to the Vine, a growing disciple of Jesus, if we are to bear fruit! That means spending time listening and talking to God in prayer and being attentive to His calling and direction for your life. It means growing in Godly character as you are rooted in His word, and opening up to spiritual input from others. Prayer is mentioned over and over by BAMers as a foundation stone for BAM in practice, at all stages: preparation, launch and continued growth. Having a sense of call and leading from God is another often cited core driver for BAMers. Spiritual formation through discipleship and teaching is a life-long pursuit – whether through books, sermons, devotional materials, courses, retreats or intentional relationships. Making yourself accountable to peers or elders that will challenge you to grow in Christ-like character is another way to keep soft and open to the refining work of the Holy Spirit in our lives. Read more

Evaluating Business Ideas for Freedom Business Startups

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by Christa Crawford

 

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

My background is Business for Freedom – that is using business to bring freedom to people who would otherwise be trapped in trafficking, prostitution, or other forms of exploitation. The traditional model for reaching these people is the charity model, but in recent years there is a movement toward business, including business as mission. As such, much of my audience knows very little about business basics. For them, I would say that the most important questions are:

  • Is this business a good fit for the market?
  • Is this business a good fit for me?
  • Is there someone who can do this business better, and how can we partner together?

Is this business a good fit for the market? While this question may seem basic to business people, to many getting started in business for freedom the first question they ask themselves is “What can we sell?”, where they should really be asking, “What do people want to buy?” We must ensure that we are selling products that have the demand and quality to sell on their own, and not merely as “pity purchases.” Read more

5 Questions to Ask Yourself About Business, Language and Church Planting

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

 

Dear BAM Mentor,

I can see that language acquisition is going to be essential to both business and church planting efforts in my target area, but it is a lot to think about. How have you seen language learning combined with business development and start–up? What has worked? Any other tips for successfully putting together business strategy and church planting strategy?

~ Planning to Plant

Dear Planning,

This is a good question and there are no easy answers. Your approach will depend your goals and your constraints.

Here are a few questions to consider:

1. How do you define business: one where you will be totally supported by your operations or one in which you will still receive outside funding to support your living expenses?

If you are okay with being subsidized through outside funding and able to raise such funding, even if for an initial timeframe, this will allow for more options. One option could be to spend more time learning a language for a period while you do some business-related work. Another benefit if you started a business would be that this support could sustain a period of losses, before profitability is reached. Read more

The Lost Will be Won in Their Heart Language: Business, Church Planting and Language Acquisition

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

 

Dear BAM Mentor,

I can see that language acquisition is going to be essential to both business and church planting efforts in my target area, but it is a lot to think about. How have you seen language learning combined with business development and start–up? What has worked? Any other tips for successfully putting together business strategy and church planting strategy?

~ Planning to Plant

Dear Planning,

I find it impossible to think of ministry that could be in any way divorced or separated from what is happening in the course of everyday work during an entrepreneurial phase of starting a business. Ministry in this context must flow through the day to day activities of getting the business off the ground. You develop relationships with potential clients, government officials, employees, etc. It is these people you are able to reach with your witness, it is these people you do life with, and are able to share the Hope that you have in your Savior. However, having said that, I think it would be impossible to work on a church plant alone, and also successfully start a business. It is essential that a new entrepreneur be part of a church planting team where the rest of the team is not at the same stage of early development of their business. Otherwise there won’t be the capacity do everything that needs to be done in church planting and the business. One or the other will flounder.

To be an entrepreneur and pull off everything that needs to happen to successfully start a new business requires 150% of our capabilities. This will be the greatest walk of faith that we have ever experienced. Successful entrepreneurs have come to the realization that, until the business is off the ground, the thought of a 50 hour work week is long gone, perhaps for years. They will live, breathe, and dream their venture day and night. Whether in the shower, sitting at their desk, meeting with clients or suppliers, eating lunch, or watching their kids’ baseball game, they are constantly planning, processing, and thinking about their business. If you are not consumed by the business during the first phase of the launch, you are unlikely to succeed. Read more

The Importance of Language Skills for BAM and Church Planting

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

 

Dear BAM Mentor,

I can see that language acquisition is going to be essential to both business and church planting efforts in my target area, but it is a lot to think about. How have you seen language learning combined with business development and start–up? What has worked? Any other tips for successfully putting together business strategy and church planting strategy?

~ Planning to Plant

Dear Planning,

We’ve seen that for 10/40 locations – such as China, India, the Islamic world – the statistics for BAMers wanting to stay more than 5 years are clear: you have to get to working proficiency in the local language!

Among PRI’s several hundred non-nationals (since 1990), 90% of those who made it to working proficiency in the local language achieved this proficiency prior to working in a job of 40 hours per week. There are exceptions to the rule, but very few BAMers get to working proficiency after starting working full-time on the field. If they do manage it, it is by bringing in a tutor from 7:30 to 9am in the morning – not recommended! Instead we recommend financial support from donors for the language acquisition period. It’s not current 2015 market reality to ask to ask the company to pay for it. Read more

More About Company Boards and How to Build Them

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

 

Dear BAM Mentor,

I keep hearing that having an Advisory Board is good idea for a BAM company. How is an advisory board different from other kinds of boards and how should I go about setting one up?

~ Needing Advice

Dear Needing Advice,

We must first determine what type of Board you are inquiring about. Usually, an Advisory Board is used to give strategic advice on a narrow topic. A Board of Directors, on the other hand, is who the CEO is accountable to. They give advice on a broader range of issues. This position has some legal responsibilities and Board members on large companies can wield considerable power since they hire and fire the CEO.  This is highly unlikely in a BAM company, however. 

Let’s talk for a minute about a Board of Directors. You should have such a Board. You, as CEO, need to be accountable to someone outside the company that has direct experience in what you are doing and can likely spot a potential pitfall before you can. Otherwise, it is more likely that you will make a significant mistake – and we all do – and there will be no one to help guide you through a particularly tricky situation. Read more

An Abundance of Counselors: Practical Steps to Set Up an Advisory Board

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

 

Dear BAM Mentor,

I keep hearing that having an Advisory Board is good idea for a BAM company. How is an advisory board different from other kinds of boards and how should I go about setting one up?

~ Needing Advice

Dear Needing Advice,

The question arises as to the purpose and practicality of an Advisory Board for a small business or a startup. I have had advisory boards for several of the businesses I’ve launched and served on advisory boards for others. Needless to say, I am a big fan.

King Solomon put it like this:

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.”  Proverbs 11:14

“…for by wise guidance you can wage your war, and in abundance of counselors there is victory.”  Proverbs 24:6

The basic premise of an Advisory Board is that, rather than try to figure out everything on your own, you can enlist the wisdom, perspective and experience of others to help you “wage your war.” In addition to advice there is also a healthy element of accountability – something many entrepreneurs don’t want, but something all of them need. Read more

Patrick Lai on Mentoring [Book Excerpt]

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One of the 11 building blocks of BAM or Business for Transformation (B4T) is “having a good mentor.”  Patrick Lai writes about this in his new book, Business for Transformation – Getting Started new on Amazon this month. Here’s an excerpt on this key topic.

Mentoring – Accountability

My wife has been known to say, “I love ministering. I just wish it didn’t involve people.” Every one of us is a sinner. We each have areas of temptation and sin. We need spiritual elders who will walk alongside us to assist us in maximizing God’s glory in and through us. In many situations, peer accountability is fine, but my research shows peer accountability is less effective than elder accountability. I think this is because peers leading one another are like the blind leading the blind.

In business, most reporting is done verbally, face-to-face. Bosses meet or communicate with their direct reports daily. We want to both see and hear that the work is being done and being done correctly. In business, people do not write up reports about themselves. Whether we are Christian or not, when we write up reports about ourselves, we are revealing only what we want to tell. And if we are honest, most of us view our work and ourselves better than we really are. Read more

The Role of an Advisory Board for a BAM Business

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

 

Dear BAM Mentor,

I keep hearing that having an Advisory Board is good idea for a BAM company. How is an advisory board different from other kinds of boards and how should I go about setting one up?

~ Needing Advice

Dear Needing Advice,

When we hear the word “board” most of us think of large corporate Boards of Directors. A Board of Directors in a joint stock company in most jurisdictions is the legal voice of the owners and is responsible to them for giving strategic direction to the company and for selecting and monitoring company management. This sort of board has the authority to hire or fire the general manager and is the highest decision making body short of the general assembly of all the owners. But there are other types of boards as well. 

Advisory boards differ from boards of directors primarily in that they do not have the legal authority to enforce their decisions. Advisory Boards are used around the globe for different purposes and can be boards of key customers, boards of technical experts or, as is common for many BAM companies, non-binding management advisory boards. Read more

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