In this series, we are looking at five traits common to successful entrepreneurs and how unconventional business leaders should approach each. Successful entrepreneurs see how the world is changing and how that creates opportunities and challenges, and from that they develop a strategy for how they can create value for their stakeholders in the midst of this turmoil. Unfortunately, many ...
In my experience, patience doesn’t seem to be a virtue of many aspiring entrepreneurs. When someone gets an idea to launch a new business, they often want to start today, even though they don’t have the necessary funding to see it through to profitability. Sometimes God gives us an idea in advance so that we can save and prepare for ...
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 give 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, ...
In business you need to answer the question, “What will you provide customers that no one else provides?” A friend was describing for me his niche in providing retirement plans for Christian organizations. His firm has specialized in developing investment options for their clients that screen out the stocks that are not in alignment with Biblical values. He took a ...
After years of hard work, Paul’s manufacturing business had grown nicely. Then, one of Paul’s key executives decided to start a competing firm. This former employee began building his business by offering Paul’s best employees huge pay increases to work for him. Paul was hurt that this former employee was building his new business by poaching Paul’s employees. Years later, ...
Equipping Others to Do Work Differently
