There is more to starting a business than just the inherent desire of becoming an entrepreneur. It takes wit, courage and a lot of tenacity, which is why this guide was specifically crafted for you. With the esteemed knowledge of business owner, Charlie McCoy and a few lessons from the bible you will be swiftly on your way to becoming an entrepreneur.
McCoy applies the bible verses Luke 14:28, 14:29 and 14:30 to his professional endeavors and has seen the desired results. Although the bible seems like the last place to get business advice, these words came from Jesus Christ himself, raised by a carpenter and who eventually became a carpenter himself before starting his own ministry. “Which of you,” the verses start, “wishing to build a tower, does not first sit down and count the cost, whether he has enough to complete it?
Otherwise if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you saying ‘This person could not finish what he began to build.’” For the sake of this guide, we broke down how these verses apply to your professional life and give you the knowledge to begin your endeavors, whether it’s a creative project, an enterprise, business or company:
● The verse states to “sit down and count the cost,” McCoy suggests to apply this to your goals by taking the time to do your research before you start a business. “It’s important to understand the ins and outs of the industry,” he says. “Some of the hidden costs, some of the things you may not understand because you’re new to the business.”
● It’s more than having the funds to start. “It’s not just about the start of things, you also want to have working capital for short falls and contingencies that happen during the course of business.” Your business should qualify for credit cards and other financial products that will make it stronger.
● Ask yourself the right questions. “Do you have the right education?” “How well defined is your purpose?” “Do you have really high goals for the business?” Take into consideration your own self-discipline, your health and your family. “Running a business takes its toll on entrepreneurs,” McCoy shares. “Is your family in a position to support you?”
● Make sure you have the time to commit to this new project. Verse 14:29 says “Otherwise if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you.” This often happens when you start a project without doing the necessary prior work. A proper foundation was not built, so it’s only destined to fail. This is why it’s important to do the research, find the right mentors and associates, and inhale as much knowledge as possible.
These are just a few of the tips that have aided McCoy in his journey and it wasn’t always a smooth sailing one. The owner of Artisan Barber and Orchard & Ludlow, learned the hard way how imperative it is to have the right people around you and in your business. He had to dismiss half a dozen people from his employ, that he had high hopes for initially, because they did not fit the company culture which is major. “Whatever kind of culture, whatever kind of energy, whatever kind of vibe you’re known for, will translate into your business,” McCoy says. “ You never want to be a prisoner in your own business. You always want to flourish in your own business. So, thinking, forethought, planning, are things that even Jesus Christ recommended and are key to starting your own business.”