The Bible says a lot about entrepreneurship. So, if you’re thinking about becoming an entrepreneur, take heed. This article covers some of what it says about launching, growing, and maintaining a successful enterprise.
What the Bible Says
- Count the costs.
Suppose one of you wants to build a tower. Won’t you sit down first to estimate the cost to see if you have enough money to complete it (Luke 14:28)? Simply put, count the cost before you launch. Know what it takes. Do you have enough funds? What do you need to get started? What is the cost for supplies? Services? Overhead? How long can you survive without a salary?
Moreover, counting the costs involves taking stock of your ability to persevere and make sacrifices. Building a business takes commitment and faith. Contrary to what you’ve heard, overnight success is rare. So, count the costs before you leap. You’re in it for the long haul.
- Timing is key.
To everything there is a season, and a time to every purpose under the heaven (Ecclesiastes 3:1). Like any endeavor, in business timing is everything. Is this the season for you to pursue a business? Is the timing ripe for expanding or delving into a new arena?
- Seek wisdom.
Get wisdom; develop good judgment. Don’t forget my words or turn away from them (Proverbs 4:5). All in all, wisdom is knowing the right thing to do. Conrad Hilton, for example, prayed before making all business deals; he physically went to the property being considered (to be alone and hear from God).
- Know the source of your wealth.
Remember the Lord your God. He is the one who gives you power to be successful in order to fulfill the covenant he confirmed to your ancestors with an oath (Deuteronomy 8:18). When you succeed, don’t forget the Creator. Furthermore, the fortune is not just for you; the money has a mission. Save some, spend some, and give some.
- Get a team of advisors.
Every purpose is established by counsel; and with good advice make war (Proverbs 20:18). At length, you will need the expertise of skilled advisors ( an attorney, an accountant, and an insurance agent). They’re key to establishing, monitoring, and protecting the operation.
- Develop a spirit of excellence.
Not slothful in business; fervent in spirit; serving the Lord (Romans 12:11). Either give it your all or walk away. This mindset will keep you committed to giving everything your best.
- Sharpen your people skills.
Be quick to hear, slow to speak, slow to anger (James 1:19). Customers, workers, vendors, and colleagues will say or do something that rubs you the wrong way. Instead of reacting, shake it off. Anger clouds your judgment.
- Avoid panic.
Be anxious for nothing; but in everything by prayer and supplication with thanksgiving let your requests be known unto God. And the peace of God which passeth all understanding will keep your hearts and minds through Christ Jesus (Philippians 4:6-8). Never make decisions when you’re anxious or emotionally drained. Both breed confusion; this births desperation and regret.
- Be diligent.
Do you see someone skilled in his work? They will serve before kings; they will not serve before officials of low rank (Proverbs 22:29). Being diligent in business brings rewards (more business, contracts, contacts, exposure, unique opportunities, recognition, honor, etc.).
- Stay motivated.
I can do all things through Christ which strengtheneth me (Philippians 4:13). You will have good days and bad days. Therefore, remember that you have help and the resolve despite the circumstances.