Financial Priorities

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Basically, this comes down to who gets paid first when cash gets tight.  Here’s how I believe Scripture instructs us to prioritize:

  • Priority 1:  Pay Suppliers.  Without a doubt, those who provide materials on credit have the first right to any available income from a business. (1) Since they have provided the materials, they have already invested their time and money, and they hold the position of highest honor, financial speaking. (2) If you know something you are doing is wrong and persist in it, God will not listen.   (3)
  • Priority 2:  Pay Employees.  Once the creditors are paid, the next priority is to pay the employees what is due them.  This is contrary to common business practice. (4) More often than not, the owner or manager of a business can better afford to lose a paycheck than the employees can.
  • Priority 3:  Meet owner’s needs.  Once you are sure that the creditors have been paid and the employees have received their due compensation, then the owner or manager should pay their portion.  The critical decision in this and other matters becomes whether to obey God’s Word or to adopt the common practices of society

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 or call Kirk at 402-658-7340.

(1) The LORD detests lying lips, but he delights in those who tell the truth. Proverbs 12:22 (NLT)

(2) Do not withhold good [payment] from those to whom it is due, When it is in the power of your hand to do so. Proverbs 3:27 (NKJV) (emphasis added)

(3) If I regard iniquity in my heart,The Lord will not hear. Psalms 66:18 (NKJV)

(4) Let nothing be done through selfish ambition or conceit, but in lowliness of mind let each esteem others better than himself. Philippians 2:3 (NKJV)