How many times have you driven down the road and found yourself surrounded by businesses? Restaurants, factories, stores, food trucks; all have one thing in common. At some time, they were all started by someone with a vision and a drive to succeed. So why couldn’t any of us do the same?
Entrepreneurship is definitely not for the faint of heart. It requires time, faith, and, most of all, a huge amount of risk. We need prayers and guidance from Jesus. We need to know what God wants and have faith in our lord. Follow his ways, follow bible verses for entrepreneurship.
We serve a God that wants us to succeed. Bible says, Isaiah 41:10 tells us “So do not fear, for I am with you; do not be dismayed, for I am your God. I will strengthen you and help you; I will uphold you with my righteous right hand.” He has given us the power to overcome and endure through the guaranteed hardships that come with starting a new business, follow these tips of bible verses for entrepreneurship.
But, before just diving straight into the deep end, there is one other thing to remember. God wants us to be wise and seek Him first. Not all paths should be traveled by just anyone. In the same way that our Lord doesn’t call everyone to be a pastor, or a missionary, or a doctor, He may not call you to be an entrepreneur. For those that he does call though, we are to invest our wisdom just as much as we seek His direction. Failing to do so could lead to failure. Here are 10 reasons why new businesses can fail and how these bible business tips can help you establish the business of your dreams.
“Pride goes before destruction, a haughty spirit before a fall.” -Proverbs 16-18
Admit it…. you saw the title of this last entry and took at least a couple of seconds to ponder. But, it is worth pondering. Humility, in the business sense, is the ability to look at yourself and your business objectively and admit that you don’t have all of the answers. It is the ability to remember the journey that brought you to where you are now. Humility is you being what you need to be for your business, your employees, and your customers.
When pride seeps into you, it greatly affects your ability to learn. It affects your attitude, making you less likely to act with wisdom and more likely to act on emotion. Pride will push your employees away, making it hard to keep workers close to you. But, more than anything, it will keep you blind to anything that may be holding your business back from becoming successful
“Pay careful attention to yourselves and to all the flock, in which the Holy Spirit has made you overseers, to care for the church of God, which he obtained with His Own Blood.” –Acts 20:28.
It is an incredible sacrifice to become an entrepreneur. Family life suffers, finances suffer, living situations suffer, sanity suffers, and even physical health probably suffers. We have to put a limit to our suffering, which is totally within our power. Delegation is how we can minimize all of these negative side effects.
Of course, it makes sense that the business owner should be doing most everything. But what is the point of owning your own business if you can’t step away for a bit? This is where we see that delegation should be something that is factored in from the beginning. Have you hired someone who can run things, if needed? Did you budget some funds to allow for a few days off per year? Have you put a plan into a place where you would have the ability to continue making income with minimal involvement?
All of these things are achievable. But it must be done from the beginning. Mentally, you will need a break. Physically, and everyone has experienced this, if you don’t take a break, your body will force you to take a break. Accept help. Plan for help. Delegate, delegate, delegate!
“How long will you slumber, o sluggard? When will you rise from your sleep? A little sleep, a little slumber, a little folding of the hands to sleep…So shall our poverty come on you like a robber.” -Proverbs 6:9-11
You always have to be proactive. You always have to be studious. Times will change around you. Culture will change. If you settle into a groove that you won’t leave, then you run the risk of not changing with the rest of everyone else.
Do you remember this little chain of video stores called Blockbuster? Yeah, you may show your age a bit, but it’s okay. They ruled the video rental industry for years. Then, around 2005, this new business came up with an amazing idea. Why not just mail the DVDs straight to people, let them keep it for a bit, and then they can send it back? By doing that, they changed the game. The company was Netflix. Blockbuster didn’t think of them as a threat. They didn’t recognize the sudden change in the culture. In 2000, they even turned down an offer to buy the company, thinking they would just go away over time. But now, Blockbuster was complacent and is gone. Netflix was innovative and is now the biggest streaming service in the world.
It is absolutely important to keep your energy up and to stay ahead of the game. You absolutely cannot assume that the way you are doing things will be the only way. Something can always improve. Either you will improve it or someone else will.
“Pay careful attention to your own work, for then you will get the satisfaction of a job well done, and you won’t need to compare yourself to anyone else.” -Galatians 6:4
This takes quite a bit of mental fortitude to overcome. There will always be competition, and there is absolutely nothing you can do about that. However, it is the obsession over your competition that can end you. Yes, there are always going to be some things that will be imitated, but you have to remember that what you are offering is something completely novel and no one is offering that, EXCEPT YOU!!!
An obsession with “what the guy down the street” is doing, or how much someone else is charging for the same thing you are offering…they will crush you. These thoughts take away from your own feelings of legitimacy and make you question your own value. Sometimes, it is okay to charge more for your services. Why? It’s because they’re YOUR services. No one does it like you and in the end, you are absolutely worth that much.
“Give, and it will be given to you. They will pour into your lap a good measure – pressed down, shaken together, and running over. For by your standard of measure it will be measured to you in return.” Luke 6:38
If you have ever had a job, then you are sure to have worked under the leadership of someone who shouldn’t have been in that position. As a matter of fact, most people don’t quit jobs. They quit their leaders. So, many of us decide to start a business because we want to be our own boss. We set our own schedules, our own pay and we make our own rules. Yes, these can all be perks. But we have to remember where we came from and the negative experiences we had as employees.
Too many times, we can be tempted to become the very things that we escaped. The authority that comes with being the boss can surely be intoxicating to some. But this is where our Creator has given us a unique opportunity. The good bosses are the ones that unintentionally double as mentors. A good example of a compassionate employer will not only inspire morale and higher work output from employees, but it can also change the course of a person’s life. Some of us may have started ventures in order to escape the bad bosses. But don’t forget that there are quite a few who started their own ventures because they were inspired by amazing bosses.
“The rich rule over the poor, and the borrower is a slave to the lender.” Proverbs 22.7
This point cannot be stressed enough. Debt is one of the most crippling things that exist both mentally and financially. According to the internet, 70% of small businesses have outstanding debt, some in excess of one million dollars. How crippling it must be on a person’s mind to wake up every day knowing that their revenue really isn’t theirs. Their hard work goes to pay someone else. They will always be the slave to the lender.
So, as most people need to go into some form of debt to get a business started, how can someone avoid going into too much debt? It really depends on the resolve of the individual. A good practice would be to put off the easy “now” things for the better “later” things. Work a little longer and save more money upfront. Put off the need to rush into getting started in order to be more financially set.
“Without the guidance of good leaders, a nation falls. But, many good advisers can save it.” -Proverbs 11:14
There is an old saying. “Wisdom gives you the lesson before the test. Experience gives you the test before the lesson.” So seeking lessons from those who have previously walked the path is one of the wisest moves that any new business owner can make. Do new owners know how to drum up extra revenue when the customers seem to be scarce? Do they know how to overcome crippling anxiety from an extended period of low revenue? How should they react if someone files a lawsuit against them?
Luckily, there are those who have walked down every one of those paths. Seek advice from them. No one has all of the answers. But, the lessons learned from someone who has the experience that you seek will stay with you for a long time to come. They will shape the way you think about your business. Their experiences and their bible business tips will affect your actions and reactions. There is literally no downside to seeking council.
“For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it – lest, after he has laid the foundation, and is not able to finish it, all who see it begin to mock him, saying ‘This man began to build and was not able to finish’.” -Luke 14:28-30
Financially, this is one of the most important things anyone can do. You can raise money, sell belongings, get investors or get loans. But, how are you going to spend that money? Is every penny accounted for? Do you have a fund to fall back on in case there is a dry season? Do you have an emergency fund?
Meticulous financial planning is absolutely essential for starting and maintaining a successful business. For those who do not put enough thought into a budget, they are sure to encounter an unexpected expense. The difference between those who last and those who fail is the person’s preparation for such occurrences. Bible verses for entrepreneurship will help you guide your way through your tough financial times and help your business.
“He who observes the wind will not sow and he who regards the clouds will not reap.” Ecclesiastes 11:4
Is the economy strong? Is the market saturated? Are people really interested in what you’ll be offering? Every new business owner goes through seasons of questioning every facet of their situation, or their possible situation, or other possibilities that may come up, or possibilities that someone else may think of……welcome to the world of overthinking where logic and perfection win above all else.
However, logically, we all know that there is no such thing as the perfect time. Logic lets us know that we can’t only rely on logic. This is where God tests our faith in Him. By this time, research should have been done. Prayers should have been spoken. Council should have been sought. Only when you are open to learning you will move forward, learn bible business tips, and then the only thing missing would be action; take the first step forward and have faith in Him.
“but the worries of this life, the deceitfulness of wealth and the desires for other things come in and choke the word, making it unfruitful.” -Mark 4:19
This is quite possibly the easiest thing to get wrong because the right reason is different for everyone. Some work their ways up in an industry. Others drop everything to follow their passions. Does it make either of them right or wrong? That is between them and God. But one thing is for sure…a focus on the wrong thing will lead you to ruin and failure.
You can’t build a house without first planning it all out. The process sometimes takes longer than the actual build. However, it is necessary in order to ensure that there will be a few mistakes as possible. The same is true with starting a business. It requires months of preparation, research, self-reflection, and prayer. In that time, the biggest question that will need to be answered is, “Why am I doing this?”. Starting a business without first answering that question will end your business very quickly. Read the bible seek council and understand bible verses for entrepreneurship, this will answer your question.
It is our duty as Christens, we need to know bible verses about entrepreneurship and these bible verses for entrepreneurship will guide us towards success in our business and life.