Set Priorities for Use of Time

2 Comments

Scripture doesn’t directly address the work week, but does seem to indicate that a six-day work week is not excessive. When you as a business owner or manager consistently adopts an excessively long work day that seldom provides for any relaxation or outside activities, you’re establishing an unwritten policy that the only way to get ahead is to work long hours. This puts your employees, and you, under great stress and eventually leads to decreased productivity. (1) This ultimately causes high turnover and necessitates higher salaries (increased costs) to entice new employees. Owners and business managers must understand that money is only a temporary motivator. A balance must be struck, for you and your employees, between Career, Financial, Spiritual, Physical, Intellectual, Family, and Social – your “Wheel of Life”. (2)

Business planning is essential for business prosperity. Businesses, like people, don’t plan to fail – they fail to plan. If you would like to learn more about business planning from a biblical perspective or how I can help transform your business using the Bible as our guide, email me at commonsensecfo@yahoo.com or call Kirk at 402-658-7340.

(1) Know the state of your flocks, and put your heart into caring for your herds. Proverbs 27:23 (NLT)

(2) And everyone who competes for the prize is temperate in all things. Now they do it to obtain a perishable crown, but we for an imperishable crown. 1 Corinthians 9:25 (NKJV) (emphasis added)

Setting Priorities for the Use of Money

No Comments

Good planning must involve setting priorities and working on the most important ones first. (1) This is commonly called a budget or spending plan. Budgeting is essential for business prosperity (2) and to win in business, you must plan your money on paper, on purpose, before the month begins. Budgeting is like looking out the windshield (looking to the future), while using only the Profit & Loss statement is like looking at the rear-view mirror (looking at the past) while you’re driving. A budget is simply predicting the income and allocating available resources among the variety of possible, anticipated expenditures. The most common budget forecasting technique is simply using the past as an indicator of the future. Start with the same month last year or last month, add or subtract any new expectations, and the result is your prediction of the future. Every profit center within your company should prepare their own budget – and hold them accountable.

Business planning is essential for business prosperity. Businesses, like people, don’t plan to fail – they fail to plan. If you would like to learn more about business planning from a biblical perspective or how I can help transform your business using the Bible as our guide, email me at commonsensecfo@yahoo.com or call Kirk at 402-658-7340.

(1) “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.” Luke 14:28 (NKJV)

(2) Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty. Proverbs 21:5 (NLT) (emphasis added)

Business Planning

3 Comments

Planning and goal setting are synonymous terms.  In order to do good planning you must first establish some realistic goals, both short-term and long-term, and in order to accomplish some realistic goals you must do some planning.  When considering business planning, begin by establishing the long-term goal or purpose for your business.  In reality there is one primary purpose for a Christian’s business:  to glorify God. (1)

In practice, glorifying God with your business functions like this:

  1. Fund the Gospel
  2. Meet Needs
  3. Be a Disciple
  4. Make a Profit

Once you’ve established the long-range goals for your business, the next step is to set specific, short-term operational goals.  We’ll break those down as follows:

  1. Setting Priorities for the Use of Money
  2. Financial Priorities
  3. Time Priorities
  4. Ethical Priorities

Business planning is essential for business prosperity.  Businesses, like people, don’t plan to fail – they fail to plan.  If you would like to learn more about business planning from a biblical perspective or how I can help transform your business using the Bible as our guide, email me at commonsensecfo@yahoo.com or call Kirk at 402-658-7340.

(1) Therefore, whether you eat or drink, or whatever you do, do all to the glory of God. 1 Corinthians 10:31(NKJV)