4 Rs and 1 F
I was inspired by Pastor Carolyn Streeter, New Covenant International Ministries, message on Financial Blessings, so I wrote this article to help you as you consider starting or expanding your own business or ministry.
Exodus 4:2 – “And the LORD said unto him, What [is] that in thine hand? And he said, A rod.”
Resume – Yours and Others
What are the giftings, passions and strong desires that you have that can be used to help others in need? What’s in your hands? What job skills or education do you have that could be valuable to some one else? Who do you know who has complimentary skills, ie you’re a tech person and the other is a good sales person?
Proverbs 15:22 – “Without counsel purposes are disappointed: but in the multitude of counsellors they are established”
Research – Who is your market and what do they need?
What are the needs of the community you serve or want to serve? Is anyone providing these services now? If no, why not? If yes, how well are they doing well and is there room for someone else to help? (McDonalds, Burger King, Wendy’s all serve the same need just differently). How would or could you reach this community effectively and profitably?
Ephesians 3:20 – “Now unto HE that is able to do exceeding, abundantly above all that we ask or think according to the power that worketh within us!”
Resources – What will you need to make this happen?
Do you have the necessary skills, knowledge or personnel to make this a viable business or ministry? Can you get the resources you need if you don’t have them now and how would you get the resources? Can you create an on-going monthly recurring income from the services you provide?
Luke 14:28 – “But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it?”
Realism – Can you realistically create the business or ministry?
First of all, the answer to this is yes…but will you? Do you have the character, passion and motivation to stay with the plan through the peaks and valleys? There will be financial, people and family pressures that may make you want to throw up your hands.
Hebrews 11:33 – “…….Who through faith subdued kingdoms, wrought righteousness, obtained promises, stopped the mouths of lions,…….”
Faith – This is where it all begins and ends.
After you’ve finished the 4 Rs, you realize that without faith, you will accomplish nothing. So let faith be your beginning and ending in any venture that you take up.
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If you’d like to contact me regarding this or other tax planning or business ideas, please give me a call at 240-356-5050.
To Your Financial Health.