To have winning ideas is the key to win in the field of business, but to maintain a healthy entrepreneurial spirit you must have strong motivation. What keeps you going despite of financial problems? How far will you go if you are experiencing losses? There are self-help books about personal finance and business, but do you know that a lot of financial experts and who’s who in the business world invigorate their knowhow by reading the bible?
“The writers of the Bible anticipated the problems we would have with money and possessions; there are more than 2,000 references,” Grandich, Confessions of a Wall Street Whiz Kid writer shared on Forbes. “Our whole culture now is built on the premise that we have to have more money and more stuff to feel happy and secure. Public storage is the poster child for what’s wrong with America. We have too much stuff because we’ve bought into the myth fabricated by Wall Street and Madison Avenue that more stuff equals more happiness,” the author continued. “That’s the total opposite of the truth, and the opposite of what it says in The Bible.”
It is understandable that the Bible gives guides to believers to keep their faith stay uplifted. The Ten Commandments alone shows the essentials in how people should relate, respect and remain pure to one another. However if it happens that you don’t know, there are verses that directly address money and business management too. In fact, money mentioned 800 times, as Grandich also shared, inside the Holy Book and some of those are misinterpreted like this…
“For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.” – 1 Timothy 6:10
In reading this verse it easy to conclude that money serves as a tool for wrongdoings. However several financial advisors and speakers disagree with this thinking and that includes Chinkee Tan, author of the best-selling book Till Debt Do Us Part.
“It’s not the money, it’s the love of money…the love of money is the root of all evil. The love of money over friendships, relationships, your name, and reputation, that is the root of all evil,” Tan said in his interview with On the Money of ANC.
Here are the five of the many Bible verses that can spark ideas and motivated you about money and business management:
“Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” Proverbs 13:11
Nowadays scams are everywhere so it’s must for investors to be smart in risking their hard-earned money. Greediness to earn quickly with little to zero work is one angle why pyramiding schemes become rampant for the longest time.
On the other side, it’s wiser for entrepreneurs to follow common mentality of Chinese businessmen. They doesn’t care with little markup per piece of their product as long as and if they sell more. Furthermore, it’s more profitable to keep regular and satisfied customers than to keep on inviting new clients.
“Do you not know that in a race all the runners run, but only one receives the prize? So run that you may obtain it.” 1 Corinthians 9:24
Two of the many traits to imbibe in order to stay in the business are courage and determination. Instead of quitting because of hindrances like having no capital or stiff competitions, you should anticipate that problems along the way and set your mind to overcome them. You can never achieve success without get through doors of disappointments. However if you are able to survive these problems, you’ll be a thriving businessman with well-rounded personality.
“By wisdom a house is built, and by understanding it is established; by knowledge the rooms are filled with all precious and pleasant riches.” Proverbs 24:3-4
The problem with most newbie entreps is that they invest more in materials, but not in their business knowledge. It’s true that in businesses high-caliber machines are important, but if you don’t know how to operate those things, in the first place, that’s waste of money. It is same with putting up a company without having right knowledge and mentality. You don’t know how to start right, where to go and if you will ever succeed. With that, always think that learning from seminars, workshops and books is part your investment.
“The rich rules over the poor, and the borrower is the slave of the lender.” – Proverbs 22:7
It is hard to avoid borrowing money especially if it’s for emergency purposes, but if you can stay out of debt do it! Having debt can break good relationships and connections, particularly if the transactions failed. Apart from that, it is stressful for one’s day-to-day life if he only thinks about his debt. It’s going to be hard for him to save, invest, enjoy leisure and even achieve financial freedom. By the way, you borrow money every time you swipe your credit cards so don’t ever think it’s all yours.
“All hard work brings a profit, but mere talk leads only to poverty.” – Proverbs 14:23
Business and money management entails hard work and dedication. You have to hone your talent in sales talk or negotiating, deliver quality services, and provide Class A products consistently. Always remember that establishing a company is not about popularity, it’s still fundamentally about earning trust and profit.