When I was a banker I financed several homebuilders and their subcontractors. The subcontractors typically were to be paid within 30 days of when the homebuilder was paid. The reality, however, was closer to 60 to 90 days, if not longer. One of my most profitable builders, however, was unconventional. He intentionally paid his subcontractors almost immediately upon receiving his ...
A new friend shared with me how his broadcasting business during the 2009 recession took an unconventional approach to slashing payroll. They decided to retain all employees by cutting their staff’s pay, but they chose not to cut anyone’s pay who made less than $30,000 a year. What surprised management, however, was that many of these lower paid employees asked ...
Roger, a new friend of mine recently shared with me about how his company handled the economic downturn in 2009. Their business was significantly impacted and needed to slash payroll. But leadership chose to look beyond the conventional employee layoffs. After much thought, leadership chose to retain all employees by cutting wages. The highest paid workers took the biggest pay ...
Although the Old Testament encourages us to give at least 10% of our income to God’s work, studies claim the average individual gives less than 2.5% of their income. Personal giving, however, far exceeds corporate giving. In 2015, according to Commerce Department and National Philanthropic Trust data, I calculated corporate giving at only 1.12% of net income. Many shareholders have ...
A company asked me to help a new employee develop a plan to pay off a large amount of debt. This employee had accumulated dozens of payday loans, and pawn shop debts, during a long period of unemployment. The employer’s leadership team surprised us by choosing to imitate the kindness of God. They are personally loaning this couple enough money ...
My friend, Phillip, had an encounter with God that changed his life, but for years afterward, he still wrestled with the diagnosis of bi-polar and the pain of his past. At a low point in his life, Phillip committed that if God healed him he would spend his life helping others heal from their past. God healed Phillip and blessed ...
Years ago, Kathy and I realized we needed an estate plan to assure the special needs of our son were addressed. We were referred to an estate attorney. We filled out questionnaires, had a brief meeting with the attorney, and then very quickly thereafter, were handed a document that was supposed to be our final estate plan. When I reviewed ...
Many communities will offer free land or tax abatement to attract companies to their community. On the surface, it seems wise to accept, and sometimes it might be, but there are other considerations. Your company’s reputation will be impacted based on how the new community feels they have been treated. Sometimes being generous to your new community will curry more ...
In 1932, R.G. LeTourneau, the “Dean of Earthmoving Equipment,” was deep in debt and behind in paying his employees. Yet, R.G. was confident God wanted him to make a $5,000 pledge to his church. R.G. reminded God that his employees would think he was a hypocrite if he paid the church before he paid them. Choosing to obey God, R.G. ...
While helping a business owner develop a ministry plan for his business, I was reminded of the untapped potential many have to bring God glory through their work. God has unconventional ways if we just pause to consider the possibilities. For instance, most financial advisors get paid more for helping you increase wealth, not for encouraging you to be more ...
Equipping Others to Do Work Differently
