A recent article by Investopedia states, “The process of budgeting for capital expenditures is essential for a business to operate and grow from a sound financial position.” When considering growth, added capacity, new facilities and the like, it is important to make financial preparations to ensure the organization can handle the financial implications of the changes.
Luke 14:28 says, “For which one of you, when he wants to build a tower, does not first sit down and calculate the cost to see if he has enough to complete it?”
Jesus teaches the fundamentals of capital expenditure budgeting through a parable. And just as Jesus teaches about the high cost of being a disciple, business capital expenditures should be well calculated and considered heavily in order to facilitate sound financial growth.
Today’s Integrity Moment was adapted with permission from the writings of author and consultant, Stephanie Winslow.