Late business leader and author Peter Drucker suggested, “In order to grow, a business must have a systematic policy to get rid of the outgrown, the obsolete, the unproductive.” Drucker believed that knowing what not to do is as essential to success as knowing what to do. And knowing when to stop is just as imperative as knowing when to ...
In our changing world, many cash-starved businesses are considering new business opportunities. There is a distinct difference between a pivot in your business and a shift in your mission. In the pursuit of cash, many will be tempted by a new product line or even a different business model. Although survival is critical, it’s just as important to be aware ...
Over the years, I’ve helped many businesses become more profitable. In this series, we’re discussing five steps to move from struggling to thriving in business. The third step is to Project a Realistic Future. Without a financial plan, you will continue with bad spending habits or miss your sales goals. If your business is struggling, strive to convince your creditors ...
In July 1776, 56 men representing 13 colonies signed the Declaration of Independence, declaring America’s freedom from Britain. These men’s written commitment made a difference for centuries to come. There is power in taking a stand, putting it in writing, and then having your leaders sign their commitment. In Nehemiah 9, Israel was at a turning point. After hearing the ...
A Praxis Labs article described our post-lockdown situation as “every business is now a startup.” In this series let’s take a look at what Christians in business can learn from other entrepreneurs. One thing startups do is to treat ideas as a hypothesis until proven true. Right now, you may think that everything will return to normal. That’s only a ...
In a recent blog post about Mission Statements, the Mitch Cox companies stated, “We seek to honor God in our daily operations through Christian ministry as a real estate solutions company.” The article went on to explain their mission would remain the same no matter what industry they were running. They demonstrate honor to God by the work they do ...
The sunrise is a daily reminder of the fundamental and undeniable rhythm of God’s presence on the earth. The sunrise is the guiding light, the leading light that makes vision possible. The sunrise in business is the vision statement. The vision statement for a business illuminates the horizon, just as the sun rise illuminates the horizon. Luke 1:78-79 says, “Because ...
According to balance.com, the first person to reference the day after Thanksgiving as Black Friday was Earl Apfelbaum, in 1966. Earl claimed that the Philadelphia Police called it Black Friday because of massive traffic jams and overcrowded sidewalks. Now, decades later, many department stores are closing and in-store sales are declining, Black Friday is becoming more of a Gray Friday ...
In the mid-1980's, the retail industry was changing. Walmart was growing rapidly, while Kmart was beginning to decline. Jim, a friend of mine, was an executive at Kmart at the time. Jim remembers Kmart executives holding a weekend retreat specifically to discuss Walmart’s success. Yet, any comments addressing the possibility that Walmart could overtake Kmart were quickly squelched. When Jim ...
The S.O.A.R. tool encourages leaders to strategize and prepare the business for the future. The tool equips managers to lead Christ-centered businesses by offering effective solutions that focus on the heart of God, people and the business. With this in mind, the commonly used SWAT analysis, (strengths, weaknesses, opportunities and threats), needs an adjustment. The S.O.A.R.(Strengths, opportunities, areas for improvement ...
Equipping Others to Do Work Differently
