Launching a Business God's Wayనమూనా

Launching a Business God’s Way: Part V

When I was a banker, I met with hundreds of entrepreneurs. It was not uncommon when I asked how much they needed to fund their new business, to hear, “How much will you loan me?”

This usually meant they had no plan. Kent was different. He knew exactly how much it was going to cost to build his manufacturing business, when he was going to hire staff, and how much he wanted to borrow.

His plan gave me confidence that he might succeed, and he did.

Proverbs 21:5 teaches, “The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.” (NIV)

You might be surprised at how few entrepreneurs have a tangible plan for their startup. Starting a business is already one of the riskiest adventures in life.

Having a well thought out plan is critical. If you’re starting a new business, develop a plan that answers the question, “How will you fund, staff, build, and maintain your idea?”