Business Resources

Articles | Q&A | Blog Posts

Category Archives: Ownership & Purpose

white-board-593309

3 Questions Most Entrepreneurs Fail to Ask

By | Business By The Book, Organization & Strategy, Ownership & Purpose | No Comments

Walk through any local neighborhood, and it’s quite obvious that small business is having an impact on that particular community, while at the same time fulfilling an important role in the global economy. All across the globe, there are literally thousands of businesses being created on a daily basis. For some entrepreneurs, it is a “lifetime dream” to be able to own something that they can call their own. For others, it is an “opportunity to survive” in times of struggle. According to statistics from the U.S. Small Business Administration and the U.S. Department of Labor, only half of all…

Read More
Peanut

Innovation From a Peanut

By | Business By The Book, Leadership, Ownership & Purpose | No Comments

By Joel Montgomery When I was young, I said to God, ‘God, tell me the mystery of the universe.’ But God answered, ‘That knowledge is for me alone.’ So I said, ‘God, tell me the mystery of the peanut.’ Then God said, ‘Well, George, that’s more nearly your size.’ George Washington Carver was born into slavery in 1864 on a farm in Diamond Grove, Missouri. Carver was raised by his white masters, Moses and Susan Carver, and from an early age he had a fascination with plants. George Carver hungered for knowledge and when there was no school for black…

Read More
8969254495_8b037a0e09_b

Six Steps to Running a Successful Business

By | Business By The Book, Ownership & Purpose, Uncategorized | No Comments

It should not be a surprise to anyone that the entrepreneurial spirit is what drives America. According to statistics from the U.S. Small Business Administration and the U.S. Department of Labor, small businesses and start-ups are responsible for creating two out of every three new jobs in the country.   And more than half of all working Americans own or work for a small business. However, it is also true that statistically, only half of all new establishments survive five years or more and about one-third survive 10 years or more.  If you already have a business or thinking about having…

Read More
Joel Blog Post 2

Is Bronze Age Debt Forgiveness Relevant Today?

By | Business By The Book, Organization & Strategy, Ownership & Purpose | No Comments

“The rich rule over the poor; and the borrower is slave to the lender” – Proverbs 22:7 On September 17, 2011 droves of young people entered Zuccotti Park located in the Wall Street financial district of lower Manhattan to protest the growing inequality and wealth distribution in America. While the movement was far from spontaneous, in fact it was launched by Adbusters, a Canadian magazine, and promoted by a Manhattan-based PR agency, the reality remains that income inequality is on the rise at a staggering pace. Did you know that the 85 richest people in the world have as much…

Read More
Blog 1

Discovering Conscious Capitalism

By | Business By The Book, Organization & Strategy, Ownership & Purpose | No Comments
Conscious Capitalism

“Business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence and it is heroic because it lifts people out of poverty and creates prosperity” – John Mackey In 1978, two idealistic twenty-somethings launched a natural foods store in an old 3,000 sqft Victorian house in Austin, Texas. Two years later, John Mackey merged Safer Way with the founders of a natural grocery in Clarksville to form the first Whole Foods Market. Prior to becoming an “evil” businessman, Mackey embraced Eastern philosophy and progressive thought. He…

Read More

Business and Faith Connected: One Man’s Journey

By | Business By The Book, Ownership & Purpose, Uncategorized | No Comments
Waiting on the Mist to Lift

He told his wife he’d be a millionaire by age 30. But that year he was forced to file for bankruptcy protection. Phil Drake worked a feverish 100 hours a week — his business’s debt was six times as large as its income. His wife was left to care for their three young children — living on food stamps. And the IRS was knocking at their door — threatening to shut him down. He thought about suicide. At least the insurance money would let his family eat. For Phil, “business and faith were not connected. God was only there for emergencies….

Read More

Warning! Don’t Marry an Entrepreneur, Unless…

By | Business By The Book, Ownership & Purpose, Running a Business, Starting Up | No Comments
shutterstock_191977835

I was in the middle of the dot com crash and the emotional journey from the heady days of preparing my company for an initial public offering to the disheartening task of cutting a massive cash burn rate. The company had chewed up $30 million in the race to be first to market in our chosen space. Not only were we out of cash, but we owed millions more in unpaid bills and our lead investors were refusing to invest additional capital. I felt the crushing weight of 335 employees in offices across the U.S. and Europe (many of whom…

Read More

Technology Jobs That Never Get Outsourced

By | Business By The Book, IT Outsourcing, Ownership & Purpose, Tech | No Comments
IT Outsourcing

I saw this tongue-in-cheek quote on a venture capitalist’s blog some time ago: “About a year ago I hired a developer in India to do my job. I pay him $12,000 to do the job I get paid $67,000 for. He’s happy to have the work. I’m happy that I only have to work 90 minutes a day, talking code. My employer thinks I’m telecommuting. Now I’m considering getting a second job and doing the same thing.” The technology sector has been rocked with many jobs being moved overseas just like other industries such as textiles decades ago, basic goods manufacturing, etc.,…

Read More

How Hard Can It Be to Start a New Insurance Agency?

By | Business By The Book, Growth Strategy, Leadership, Ownership & Purpose, Sales & Marketing, Starting Up | No Comments
Insurance Agency

Q: Thank you for all of the resources on sales and marketing that you offer. I am planning on becoming an independent insurance agent for a large insurance company. Will your resources here, including Venture Academy help me get leads and will that be my biggest obstacle in selling supplemental insurance? A: Our sales and marketing resources and video training do not include “leads”, but cover how to think about your sales pipeline and how to manage it in order to build your business. Selling insurance and building a book of business is a long, slow process. In my opinion,…

Read More

Are Surety Bonds Biblical?

By | Business By The Book, Insurance and Risk Management, Legal Issues, Ownership & Purpose | No Comments
Surety Bonds

Q: I have a lawn care business and I would like to provide landscaping services as well, but in my state I have to get licensed, insured, and bonded in order to do that. When I called the insurance company they called the bond a surety bond. I wonder if that has anything to do with surety in Scripture that we are to avoid? Thank you for any help you can give. A: There are six references to the concept of “surety” in the book of Proverbs (Pr. 6:1, 11:15, 17:18, 20:16, 22:26, and 27:13 – see below), but none…

Read More