When I was 25 years old, I started a faddish used car rental agency. Shortly after taking out a small business loan at 21% interest, unemployment skyrocketed to 13%. My business prospects became bleaker each month. As I was nearing the end of my loan proceeds and cash flow, I asked a friend for advice. When he encouraged me to ...
Some friends of ours were struggling in their business enough that they were considering bankruptcy. They prayerfully chose instead to push forward. Just as they were beginning to experience a measure of business success, the coronavirus devastated their industry and some future opportunities. Fear and panic overwhelmed them. Many small business owners live on the edge with very little margin. ...
A struggling business owner once called me to ask if bankruptcy is a sin. He had been talking with a bankruptcy attorney due to his company’s debt load, and his biggest concern was his desire to please God. Bankruptcy is a legal maneuver that sometimes cannot be prevented, especially if multiple creditors force someone into involuntary bankruptcy. Therefore, bankruptcy is ...
Equipping Others to Do Work Differently
