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YOUR DREAM OF STARTING AND MANAGING A BUISNESS

Starting and managing a business takes motivation, desire, talent, research and planning. The purpose of any business that’s operated by a Christian should be to glorify God, not just to make a profit.

If you’re more concerned with pursuing riches than serving God, you cease to be useful to God. "No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other. You cannot serve God and wealth"(Matthew 6:24).

Like a chess game, success in small business requires decisive and correct moves, so develop a plan.

Get started by listing your reasons for wanting to go into business.


Determine the type of business that is right for you, based on your talents, skills, time availability, and interests.


Identify the niche your business would fill.


Develop a pre-business checklist to answer questions about location, finances, insurance, equipment and supply needs, and legal structure.


Establish a budget, even if your idea is several years in the future. Be cautious about borrowing to start any new venture.


Never borrow against your home or retirement account. Don’t deplete savings accounts, or cash in IRAs or cash savings bonds to fund new ventures. Debt makes it difficult for a new business to break even. If God wants you to develop this idea, He will provide a way to finance it without having to jeopardize your future.
Existing business
If you are interested in purchasing an existing business, it’s best to have a lot of experience in that business. Carefully examine the records and books. This is very important and would be worth the money an accountant may charge for this service.

Determining the value of a business is very difficult and what a business is actually worth seldom brings that price. In addition to property value (get three fair market appraisals) and the cost of inventory, the business worth should be about four times its net yearly earnings. After deducting your salary, a business should be able to pay itself off in 5 to 7 years. If it can’t, it’s probably overpriced and not a good buy.

Home based business
Before becoming involved with any home-based venture:

Get the names of the principals of the business opportunity and the home office of the company.


Contact the Better Business Bureau in the state where they are located and the attorney general or the state securities office of that state. Ask if any complaints have been filed against the company before you make any decision to become a part of that company.


God knows your needs and the desires of your heart. Trust Him to show you the business that will fit your talents and needs and will honor His name.
Starting your own business can be very challenging and rewarding. If you are successful it gives you a chance to take control of your future, achieve a great sense of personal satisfaction, and reap financial rewards.

But remember, in order to be successful in the eyes of the Lord, the business must be established for the purpose of glorifying and honoring Him.


July 9, 2007 | 7:43 AM Comments  1 comments

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PaydayLoan PaydayLoan
October 9, 2008 | 6:07 AM
Payday Loan Advocate for krestedboy.tigblog.org
With the market in shambles recently, it is becoming tougher and tougher to get a loan. The standards for getting a loan are getting harsh, and limits on credit cards are going down. The worst part is that this might only be the beginning of an already bad situation. Some fear that consumer and businesses will stop borrowing money all together. Most people with good credit can still get a loan if they have a steady job and are not currently in debt. But not all people meet these qualifications and can be accepted for a standard loan. But thankfully for them, payday loans are still readily available to consumers to provide extra cash when they are in need. If something unexpectedly goes wrong and you need money to fix it, but are currently facing financial difficulty, you can still apply for a payday loan with a very high chance of being accepted, much higher than a standard bank loan. All you need to be accepted for a payday loan is a steady income, so that you will be able to pay your loan back. You usually don’t even have your credit checked. The best part is that in most situations you will likely pay only about 15% interest on your loan.

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