Deuteronomy 8:18 ‘you shall remember the Lord thy for it is
he that give you the power to get wealth’
Analyzing the verse above, the following elements;
1. You- who
are you and who you should. Entrepreneur characteristic. Wealth mentality.
Millionaire’s attitude.
2. Remember
God. The source, the owner; what our attitude should be to worldly possession
3. He gives
thee- the willingness of God to release wealth to you
4. It is a
gift- wealth is a gift. Whatever we have, we were given
5. Power-
spiritual power, knowledge power. It takes power to get wealth
6. The
covenant- the Abraham covenant in Genesis 12: 2; you qualify for the covenant
blessing too. Galatians. 3: 14, 29. The blessing and responsibility of the
covenant is in Deut. 28: 1- 8
Here is the point- stop praying for money. God does not give money or wealth; he gives
power to get money or wealth. He gives the ability or capacity to produce
wealth.
Ways to make money;
1. Stealing 2.
Begging 3. Borrowing 4. Inheritance 5. Earning.
Proverbs 13: 11 says ‘wealth( not
earned but) won in haste or unjustly or from the production of things for vain
or detrimental use (such riches) will dwindle away, but he who gathers little
by little will increase his riches.’
So, what we are discussing is not
about becoming overnight success. It is a sure way to wealth. If you start
today, 5- 10 years down the line, you will thank God.
Let’s talk about you and wealth. Points to note;
1. Galatia 6:
7 ‘a man’s harvest in life will depend entirely on what he sows’. Nothing
ventured, nothing gained.
2. 1 Thess.
4:11, 12 ‘Make it your ambition to…mind your own business and to work with your
hands, just as we told you…so that you will not be dependent on anybody.’ Here
is the key word…ambition. How ambitious are you to about starting your
business; working with your own hand?
3. Wealth is
only created through business. How many salary earners end up as the richest?
Let’s talk about the capacity God gives;
Proverbs 21: 5 ‘the plans of the diligent lead to profit’.
Isaiah 48: 17, 18 ‘I am the lord God who teaches thee to profit, which leads
you in the way to go. These scripture gives the road map to profit in business.
1. Effective
planning before action Luke 14: 28
2. Revelation
instead of Information
3. Mapping
direction to your destination from start
Again we see that God does not give profit; planning,
revelation, direction leads to profit. Success, prosperity and wealth creation
in life rests on you. ‘For then thou shalt make thy way prosperous Josh. 1:8
Human life cycle
1. Dependent
2. Scholar
3. Employee
4. Self
employee
5. Business
owner
6. Philanthropist-
your money works for people
The balance sheet of your life;
Employee
·
you work for people
·
Your chance of becoming rich is 5%
·
Your income depends on others
|
Self employee
·
you work for yourself
·
your chance of becoming rich rises to 15%
·
your income depends on you
|
Business owner
·
people works for you
·
your chance of becoming rises to 75%
·
your incomes depends on your employee and sales
|
Investor
·
your money works for you
·
your chance of being rich rises to 85%
·
your income depends on your experience and judgment of right or wrong
investment
|
Facts;
1. We are all
in business, though passively. Every day we sell, negotiate, we earn
2. Everyone
will end up in business actively. Either you start at 20 or at 60; eventually
we will start in business. Why don’t we start now?
3. Learning
the act of buying and selling is a basic requirement of start a business
Why go into business?
Wrong reasons
- I am tired of my job- get another job because doing your business might entails doing some of this things that tire you out your job. Luke 16: 12
2. I want to be my own boss- being
a boss comes with responsibility for success or failure of the business and
that takes a lot. It takes leadership. Are you ready for that?
3. I want to get rich quick or
solve my financial problems- Matthew 13:22 Most
people wanting to start a business are looking for instant gratification; they
want to be overnight successes. But let it be known to you that building a
business is a high risk venture with a high failure rate. 90% percent of all
new start-ups fail in their first ten years; so think again.
4. I have a brilliant idea If a brilliant idea is all it takes to build a
successful business, then everyone will be a millionaire overnight. Growing a
business requires capital, thorough understanding of the business, competence,
cash flow management, a good business team, diligence, leadership skill and
most importantly; the ability to sell. So now you see why it takes more than an
idea to build a business.
5. I want to be free Do you realize that entrepreneurs work longer hours
than most employees? There’s never going to be a free time in business; it’s up
to you to create the time you want.
6. I am the best in my workplace In business; team work is more important and
valuable than individual skill.
7. I have gained a lot of
experience from this job, it’s time I quit
if you have adequate experience from your job and you want to quit, then my
best advice is this: Get another job
8. I have a enough money to start a
business
9. I want people to know I can run
a business
10. I want people to work for me too
Philippians 2: 3, 4 do nothing out of selfish ambition or
vain conceit but in humility consider others better than you. Each of you
should look not of your own interest but also of the interest of others.
The progress to business profit should be
1. Solution or
value
2. Service
3. Profit
Foundation of a good business idea
1. Talent
2. Skill/ experience
3. Interest
4. Knowledge
Talent
·
20% success
|
Knowledge
·
30%
|
Interest
·
50%
|
Experience/
Skill
·
70%
|
How can I deploy my ingredients of wealth? Package into the
form of;
1. Service
2. Product
3. Solution
Matthew 7: 12 ‘so in everything, do unto others what you
would have them do to you’
How can you generate ideas or create opportunities?
1. Creating
solutions to problem
2. Selling
solutions
3. Capitalizing
on business failure
4. Providing
better customer service
5. Providing
cheaper variant or selling same product at a lower price
You can start by inventing a business solution or product or
investing in a business solution or product. That means you start from scratch,
buy an existing business or buy into an existing or successful business idea.
Testing a business idea
1. Talk to your prospective customer
2. Talk to your prospective sales people
3. Talk to people already in that business
4. Talk to your banker
5. Talk to the lord
Factors of success in business
1. Your selling skills
2. Right pricing
3. Customer/ client base
4. Good customer service
5. Accessible and attractive location
6. Your employee
7. Capital base
8. Business principle and ethics
9. Good accounting and accountability
1. Engaging the right partnership
11. Have a good mentor
12. Regular meeting with partners- employee, vendors and suppliers
13. Study your competitor
14. Study the market
15. Create a niche for your business
16. Network or supply chain
17. Ensure adequate cover or protection of your business; law and insurance.
18. Get the right business name
Your goal is to stop working for money; that money should
work for you while you take holidays. That is season of rest.
‘I can do all things through Christ that strengthens me’
Philippians 4: 11
Christ is from the Greek word Christos and it means the anointed
and his anointing. The reason why you can do all things is because of the
anointing on you. It is because you are a Christian, the anointed one. It is
the same as the word ‘power’ used in Deut 8: 18. You are called to business to
make money for kingdom purpose. God is backing you up. You are anointed for
this!
No comments:
Post a Comment