Every business owner has goals and aspirations in mind for that business. Business owners with the goal of applying a biblical worldview to their companies can accomplish that goal by building purpose-driven organizations. Determining a company’s purpose is accomplished by developing the: • Right Mindset – recognizing that God created work and we can therefore […]
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Is your business designed to survive across generations? We teach that there are three key factors that contribute to a company’s legacy: 1) Recognize that God owns the business. 2) Develop the company’s mission, core values, and vision. 3) Structure the business as a covenantal organization. A purpose-driven business that incorporates these elements allows the […]
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In Luke 12:48, Jesus states that “From everyone who has been given much, much will be demanded.” Business owners in the United States have been “given much.” According to Payscale, the average salary of a small business owner in the U.S. was $70,000 in 2020, placing them in the 71st percentile of wage earners in […]
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In 1 Corinthians 3:10-15, Paul challenges followers of Christ to be sure that what they are building will make an eternal impact. There are eight principles that can be derived from God’s word that, when practically applied to a business’s operations, help ensure a business is operating as its Creator intended. They are legacy, stewardship, […]
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When thinking about what creates value in a company, we often consider financial value first. However, enhancing the total value of a business from a biblical worldview involves both financial and relational capital – the social and spiritual resources needed to positively impact people now and for eternity. Financial value can be measured through the […]
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Enhancing the total value of a business from a biblical worldview involves both financial and relational capital – the social and spiritual resources needed to positively impact people now and for eternity. Read more about enhancing your company’s value.
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The Family Business: A Broader View When you think of family, who do you picture? For many, “family” is comprised of the people who live in their home: the nuclear family. Many of us think of a family as a small, safe unit where we convey our values as we prepare our children and launch […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I am considering selling my company, but I’m concerned about unanticipated surprises after the fact. What are some common pitfalls you have seen? Answer: In our experience, the best way to avoid pitfalls is to understand what to expect and prepare […]
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Using a Principles-Based Approach to Enhance Business Value A principles-based approach to creating business value uses a decision-making framework that combines a deep understanding of timeless biblical truths, sound knowledge of economics and investments, and an in-depth evaluation of risk dynamics. This framework is derived from Blue Trust’s Principles-Based Investing philosophy. How Can a Principles-Based […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I am considering selling my business. How do I know I’m choosing the best strategic partner? Answer: Choosing an effective partner begins with knowing what you want to accomplish and why. Identifying these goals from the start will help you to […]
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If you have invested years in building a business, it is likely you want to maintain your company’s impact into the future. While there can be great personal gratification in building something of substance that has a lasting impact, we believe that preserving legacy is significant from a biblical perspective, too. We teach that legacy […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I’m considering a possible sale of my business. How do I know if my company is ready for a sale? Answer: For leaders exploring an external transition, it is important to start with a clear vision. Identifying why you are selling […]
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Creating an Effective Workplace Culture Organizations seeking to attract and retain exceptional employees understand that corporate culture has become an increasingly critical component of job satisfaction. In fact, a recent article in Forbes called 2022 the “year of workplace culture.” 1 An organization’s culture defines behavioral expectations within the company and is shaped by the […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: The company I lead has a hard time following through. How can we improve in this area? Answer: This is a common occurrence in many organizations we’ve worked with. We have seen that when leaders adopt the following practices, plans are […]
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Applying wisdom to the decision-making process during an internal transition can reduce the risk of uncertainty and increase the chance of success. In addition, business owners can transfer their wisdom and knowledge to the next generation of leadership through continuity and succession planning. To effectively transition the company’s wisdom role, business owners can develop: A […]
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Most business owners want to preserve the legacy they have built when their companies transition into new hands. In our experience, a business owner can effectively transition the company’s legacy by: Providing clear communication Cultivating a covenantal culture Developing a business generosity plan Preparing a financial plan Read more about leaving a lasting impact with […]
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Most business owners work hard to define and carry out their corporate mission. Preserving that effort and impact from one generation of leadership to the next is possible with purposeful planning. A company’s mission tends to center around people, putting practices in place to sustain relationships, culture, and positive influences. Some things a current leader […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I want to pass the family business to my children, but some of them aren’t in the business. How do I determine what is fair? Answer: One challenge we’ve seen in this situation is the friction between choosing the best steward […]
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Thinking generationally considers the future of both the business and the owner. Identifying the purpose of the business and the role it plays in employing and/or providing for the family can provide clarity about transition preparations. When owners consider their company’s unique characteristics and impact, as well what they will do in retirement, this also […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: My business relies on input from many different advisors. This can be overwhelming: how do I balance all of the guidance I receive? Answer: Proverbs 15:22 says that “Plans fail for lack of counsel, but with many advisers they succeed.” In […]
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A healthy business makes an impact and has a positive influence. Prior to a transition in leadership, company owners often seek to build business health, which in turn increases the business’ value. A healthy business: Operates with excellence Seeks to exceed expectations Has a lasting impact Being intentional in how you build and run your […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I’d like to give shares of my company to my children, but we are not the only shareholders and our shareholder agreements are over 30 years old. Our other shareholders are not completely aligned with this idea. How could this conflict have […]
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If you’re facing a leadership transition at your business, preparing your company to thrive under new ownership is one way to protect the legacy you’ve built. Some proactive steps you can take in advance include: Building a healthy, valuable business Learning to think generationally Staying true to the company’s mission Learn more about the things […]
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Our Business Consulting advisors answer a recent question one of them received, below: Question: I am nearing retirement. Should I still be working to grow my business (i.e., investing equity, leveraging the business for growth, etc.)? What do I need to be thinking about to make sure I’m leaving my company in good shape? Answer: It’s […]
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