The question we have to ask ourselves is “I do not know how much time I have, nobody does.  Whether it is seventy, fifty, forty years or eighty, hundred years…We should ask ourselves critically, how have I done so far? How have I used the talents God has placed in my hands?” … if we answer that sincerely, we’ll know that we have to redeem the time…

Indeed, there are many things that we need to do to ensure that we can give a good account of ourselves in Heaven…God is looking for people who would use their talents to the fullest, who use everything they have been given…

God bless you

Mrs Sola David-Borha

Executive Director and Deputy CEO of Stanbic IBTC Chartered Bank Plc

In summary I list below five pieces of baggage related to finances – giving more attention to discuss the last of which I admit a bias to see as perhaps more encumbering especially from a spiritual perspective. All these items come in a deceptive garb but really are merciless predators positioned to tear apart God ordained destiny.

• Idols
• Certain lingering experiences
• Untested assumptions and misread observations
• Fears
• Philosophies of Achievement – Humanism

Idols: We unconsciously embrace the good and the not-so-good in kindred, leaders or examples of admired persons. How many lusted over 50 room mansions of celebrities? … Or gaped as films and TV commercials arrested our thoughts and screen idols alighted happily from white limousines (not considering that this joy could be only part of another script – unreal). Why is “Idols” – reality television competition – so popular in all nations? Many vain but well acted mind-distorting scenes and images remain etched in the mind, influencing desires and distorting priorities. We also tend to embrace the brand of faith and beliefs of people close to or historical icons admired by us. We unconsciously hold on to fond but made-up memories of people to whom we feel attached – clinging to models God may want released. These idols have crept into worship …producing music and pastoral theo-tainment instead of discipleship.

Certain lingering experiences: A vivid memory of the disgrace over bankruptcy or a grieving relation unable to meet bills can be foundational in a life that commits to wealth as ultimate protection to be obtained at all costs. This positive urge to succeed can also become a maniacal drive tending eventually to criminality. God give me grace to be freed of the chains of a corrupted past. We are accustomed to conditions that formed us – sometimes unable to appreciate a different wholeness paradigm. We simply do not know better…and cannot appreciate or desire the healing we need.

Untested assumptions and misread observations: Many have wrong perceptions of most situations. We impute truths in academic texts, classics, religious and philosophy literature, music lyrics, poetry and drama…traditional folklore and sundry documented narratives until completely mind-washed with fantasy. Many unproven suppositions are mixed in our most noble thoughts. Advertising reshapes realities until dangerous vehicles (like debt) resemble useful appliances of salvation – at least for a season. (See previous article on myths.)

Fears: Chiefly, the fear of failure and disgrace. Hindrances and opposition are overestimated – helped by fears. Fear helps to overrate the things we imagine will hold us down. Many have successfully overcome major adverse swings in fortunes and bad winds to emerge much stronger. But most are still afraid to move forward should they fail. Fears also include exaggerated thoughts of inferiority and distortion of perceptions/impressions as it relates to acceptance of others or the authority of others to stop us. This baggage encourages oppressive covenants innocently entered for protection and alignments with fraternities promising some insurance. (See article Dare to fail.) Fear robs of all the things we could do or have done and be – if we had no fear. Fear offers instead second-rate “safer” options and destiny substitutes having cremated and buried many great works, books, ministries, inventions and new business initiatives.

Philosophies of Achievement – Humanism: These are positive meditations and mental exercises to influence seen and unseen creation to attract wealth and success. The Andrew Carnegie Dictum was to spend the first third of one’s life getting all the education one can, to spend the next third making all the money one can and spend the last third giving it all away for worthwhile causes. Andrew Carnegie was involved in philanthropist causes, but he kept himself away from religious circles. He wanted to be identified by the world as a ‘positivist’. In “Think and Grow Rich”, Napoleon Hill popularised Edison’s philosophies that perhaps foreshadowed today’s “prosperity” “humanist” and “motivational” movements…offering a mental solve-all that captured a generation. Napoleon piped his formula for success paralleled on studies of patterns common to achievers of the day. This new music enchanted billions ripe for the bait… and many slide down under the grip of a new lord – self. Others embraced perhaps unknowingly the occult behind the mask of brotherly love, charity, extra-biblical esoteric truth and generous philanthropy. The fruit of the tree of the knowledge of good and evil again tastes better than that of life. The sufficiency and sole supremacy of Jesus Christ is debatable and His throne can be shared.

Napoleon Hill’s models of humanism were great inventors, achievers, thinkers and philanthropists like Thomas Edison,George Eastman,Henry Ford,Elmer Gates,John D. Rockefeller, Sr.,Charles M. Schwab,F.W. Woolworth,William Wrigley Jr., and John Wanamaker. The good end was said to justify any means or mix of beliefs. i.e. a good man was one who did good things in a bad society – free to worship whatever he fancied.

Edison believed “Nature is what we know. We do not know the gods of religions … nature made us — nature did it all — not the gods of the religions…. what you call God I call Nature, the Supreme intelligence that rules matter.” In 1932, Eastman (who changed the face of photography when he found the Eastman Kodak company at New York) committed suicide with a single gunshot to the heart, leaving a note which read, “My work is done. Why wait?” Ford and Adolf Hitler admired each other’s achievements. Henry Ford said “I adopted the theory of Reincarnation when I was twenty six. Religion offered nothing to the point. Even work could not give me complete satisfaction. Work is futile if we cannot utilise the experience we collect in one life in the next.” Ford captured the final breath of Edison in a test-tube kept till today in the Ford Museum. Gates introduced the science of “mind-using”. Rockefeller became an oil “Baron”. Schwab the steel magnate who became notorious for his “fast lane” lifestyle died broke. Woolworth the stores magnate was deeply fascinated with Egyptology and spiritualism. John Wanamaker, the father of modern advertising was a Pennsylvania Mason. Norman Vincent Peale – a Protestant preacher and also a Scottish Rite Freemason – another later day piper of humanism wrote “The Power of Positive thinking” described by a critic as “The Bible of American auto hypnotism”.

Luke 9 [25] For what is a man advantaged, if he gain the whole world, and lose himself, or be cast away?

There are few that have not had to deal with any of these besetting weights in one form or the other. Many still do not see the junk… after all carrying them seems to work just fine. However, where they are not boldly conquered, “innocent” baggage transforms to hungry dragons waiting in the den that life eventually throws all into. The most ravenous of these beasts being “Philosophies of Achievement” or more accurately “Doctrines of demons” – as disciplines of the mind and mental manipulation to influence others graduate into more elaborate ritual. Once the bait is bitten, the snare closes and many drown in destruction.

Hosea 4[6] My people are destroyed for lack of knowledge…

I Timothy 6 [9] But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.

Ephesians 4[22] That ye put off concerning the former conversation the old man, which is corrupt according to the deceitful lusts; [23] And be renewed in the spirit of your mind; [24] And that ye put on the new man, which after God is created in righteousness and true holiness.

Daniel already conquered when alone he purposed firmly not to defile himself and said “no Babylonian junk food for me”. When the beasts saw him in the den they only saw Christ – the Lion of Judah. Compare this to the mongers of his destruction – quickly and completely torn to shreds before slipping down the cave.

Perhaps “baggage” items are in your house…still lurking somewhere in more private chambers. Domestic pets you call them … fed by your attention but soon to manifest their vicious identity. Unlike Daniel …who from the onset purposed to be apart…it took a while for me to risk confronting the baggage once and for all…only to find there’s even more than I thought that I could ever list … I do not justify them but rather still go to my prayer closet to express my frustrations at the Throne room of God – laying all my ugly burdens at the feet of Jesus…not finding shameful rebuke but always encouragement, help, fresh mercy, resolve and strength as Jesus moves out the rest of the rubbish and rebuilds where I went amiss.

Nehemiah 4[10] And Judah said, The strength of the bearers of burdens is decayed, and there is much rubbish; so that we are not able to build the wall.

Nehemiah rebuilt successfully. Pray that the Holy Spirit should reveal your own peculiar baggage (lion) and receive grace to see what the word of God calls rubbish. God help us to be more than conquerors in Christ Jesus…and may His grace be sufficient for all our prosperity. May Christ help us to victory. May we be made truly financially whole by Him.

Success is for the will of God to prosper in our lives. In Christ – you will succeed. Conquering is to master the things that seek to master us internally and externally. Like Daniel – you will conquer. Finishing well is to make Heaven and earn the well done of God. Like Nehemiah you will finish well. Amen

John 14[6] Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.

(Originally published in the Christian Post)

1. Money, Riches and Achievement will make you happy and fulfilled.

Micah 6[12] For the rich men thereof are full of violence, and the inhabitants thereof have spoken lies, and their tongue is deceitful in their mouth. [13] Therefore also will I make thee sick in smiting thee, in making thee desolate because of thy sins. [14] Thou shalt eat, but not be satisfied; and thy casting down shall be in the midst of thee; and thou shalt take hold, but shalt not deliver; and that which thou deliverest will I give up to the sword. Riches, pleasures can be obtained but satisfaction is a separate virtue that God must send not necessarily as a consequence of wealth. Ecclesiastes 5[10] He that loveth silver shall not be satisfied with silver; nor he that loveth abundance with increase: this is also vanity. The challenge is that riches promote lusts and desires that steal our hearts from God…and when we love silver we are cursed with never being satisfied and always wanting more…a path that leads to a downward spiral.

2. God gives us what we desire and supplies our wants.
Truth: God gives us what He decides in His unquestionable benevolence to give us for His glory and purpose. True works of God do not lack for funds.

Phillipians 4[18] But I have all, and abound: I am full, having received of Epaphroditus the things which were sent from you, an odour of a sweet smell, a sacrifice acceptable, wellpleasing to God. [19] But my God shall supply all your need according to his riches in glory by Christ Jesus. Needs are not wants…nor are they desires…Our needs relate more to God’s divine assignments and His purpose for our lives. He wants us to prosper as our soul and destiny prospers. This promise was made to Epaphroditus – a generous giver to Paul’s cause. God’s cause and all who align to provide to it will not lack. God may if He chooses but is not committed to finance our lifestyle expenditures … nor does He have to pay for our vain pursuits.

3. When we give to God – God owes us and we must expect to receive.
Truth: God commands us to give our Tithes, first-fruits and offerings out of love for Him and not as an investment.

Luke 17 [10] So likewise ye, when ye shall have done all those things which are commanded you, say, We are unprofitable servants: we have done that which was our duty to do.We can never repay what God had done and still does for us through our giving of what He gave us in the first place…talk less of turning God to a debtor. The best of us are unprofitable from God’s perspective. He fulfils His word by opening the windows of heaven, causing men to give us and blessing us with increase as we love Him.  It is love of God that God responds to and not debt. Indeed how can we say we love God and argue about giving back to Him in our Tithes, First-fruits and Offerings and to bless others to His glory.

4. Seize the moment…your best life is now so amuse yourself and enjoy life.
Truth: Your best life is certainly not now !

Luke 6 [25] Woe unto you that are full! for ye shall hunger. Woe unto you that laugh now! for ye shall mourn and weep. The Bible is full of pictures that lets us see He saves the best for the last. His Eternity in Heaven is His best. His way is to serve the best wine last…the way of the antichrist is the exact opposite. Eternal damnation is the worst of all worst case scenarios…and it is saved also for the last. Christians are told especially in the end-times to endure … and that it will be worth the wait. The antichrist says there is nothing to wait for so don’t miss out on the joys of the moment at the expense of your soul.

5.We can believe God for harvests we have not sown, God does the impossible.
Truth: God has no limitation – for all the silver and gold in Heaven, Earth, with believers and unbelievers all belong to Him and He gives as He pleases. God does not deny His word on which He asks us to meditate on day and night.

Genesis 8 [22] While the earth remaineth, seedtime and harvest, and cold and heat, and summer and winter, and day and night shall not cease. God is merciful  – He does not deal with us according to our iniquity but scriptures encourage us to change our seed if we want a different harvest.  We can not sow oranges and hope to harvest bananas.  Our kind words, sacrificial giving, service and industry can be seeds …we must pray God gives increase. Zero multiplied a billion times remains zero. Change your seed and reap a different outcome.

Galations 6[7]  Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. [8]  For he that soweth to his flesh shall of the flesh reap corruption; but he that soweth to the Spirit shall of the Spirit reap life everlasting.

God bless you.

Bode

A study suggested that 3-5% above the rate of inflation can be a reasonable gain…our objective is to keep our money for future needs and have stable resources to respond to God’s command in giving to His work, the poor and/or other possible recipients as the Spirit of God directs.

Prioritisation is important…before we  invest or even give to ministry we must often be reminded of certain issues…I certainly am not there yet but I do tend to admire the unusual candour and benchmark expressed in the following extract from Christian Fellowship Church web site based in India.

“A genuine work of God may use money, but it is never dependent on money. It is dependent only on the power of the Holy Spirit. Where any work is dependent on money, it is not a genuine work of God.

Jesus’ ministry was dependent only on the Holy Spirit. He did accept gifts of money from His followers for His work (Luke 8:2, 3). But He never asked anyone at any time for money and He never made His financial needs known to anyone but His Father. This is the way that any ministry that honours God will work even today. …and so, in the more than three decades that we have existed as a church (since 1975), we have never asked anyone for money for our needs and we have never sent out any prayer-letters hinting about our needs either. We have never taken an offering in our church in Bangalore or in any of the many churches the Lord has planted through us in India and abroad. We only place an offering-box at our church-meetings, for those who wish to give – secretly, cheerfully and voluntarily – for the work of the Lord. We have also offered food and accommodation freely always to all who attend our annual three-day conferences in different parts of India. All the elders in our churches support themselves with earthly jobs (like the apostle Paul did) and none of them is supported financially by the churches. Our books and video and audio messages on the Internet are also offered freely for anyone in the world to download and circulate to others freely. We have received everything freely from the Lord and we give it all out to others freely. … we have never been in debt at any time since we commenced our ministry. We have never taken a bank loan or a mortgage for constructing any of our meeting halls. We do not judge other ministries who do things differently from us. But this is the way God has led us.  … when people ask us whether they can give to support this ministry, we ask them to go through this checklist first:

 1. Are you a born-again child of God? It is a great honour and privilege to support the work of God on earth; but that privilege is given only to His born-again children (3 John 7).

 2. Do you have enough money for your family’s needs? Are you sure that your giving will not put your family under any financial strain? You must take care of your family’s needs first (1 Tim.5:8). Our Father in heaven is very rich and He (like any rich earthly father) does not want any of His children to starve or suffer in any way, just because they gave Him money for His work.

 3. Do you have any large debts to repay? If so, do clear those debts first. God wants His children to live restful lives, free from all debt. We must first give to Caesar what is his, before we can give anything to God, because God does not want us to give Him Caesar’s money, or anyone else’s money (Matt.22:21; Rom.13:8).

 4. Do you have a clear conscience? Have you done your best to be reconciled with those whom you have hurt in any way? God will not accept any offering from anyone who has hurt someone and still not apologised to that person (Matt.5:23, 24)

 5. Are you giving freely and cheerfully – and not under pressure from any man or even from your own conscience? God loves cheerful givers, not reluctant givers. He does not want gifts from those who give under pressure, or who give in order to fulfill some obligation, or who give merely to ease their conscience, or who give in order to get some reward from Him in return (2 Cor.9:7).

Please bear with us as you go through this checklist….”

The prudent investor in similar fashion cannot be investing money if deficient in his tithes/offerings, is in debt or has not kept enough to meet family needs…He should pay his debts first to God and man and take good care of his family first.

Excess resources can then be invested noting God’s ownership and sovereignty. The kingdom can use funds to advance the cause of Christ. 

The key principle of prudent investment of surplus is diversifying for safety and stability/moderate growth.

Ecclesiastes 11[2]  Give a portion to seven, yes, even [divide it] to eight, for you know not what evil may come upon the earth. (amp)

If you are familiar with a few good stocks that you are confident have weathered economic cycles you can stick to these. Insist that your portfolio adviser creates a conservative mix and not a hot high-growth pot….to complement your long term get-rich-slow perspective of a steward(manager) for God who is the owner.  You may also consider an Ethical fund i.e. a mutual fund that limits investment alternatives to securities of firms meeting certain social/ethical Bible-based standards. Real estate is also a viable option but needs to be considered within the context of the overall asset mix and decisions on location/optimum real estate size require professional consultation.  Do not move forward however on what you do not have a grasp for.  Beware of impure motives, worldly-wise wisdom, powerful emotions and unclear vision that appear to lure way from the “narrow” path. Money is no excuse to embrace the broad way to destruction.

Proverbs 13[11]  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]. (amp)

Jesus reigns forever

Bode

John 17[27]  Peace I leave with you, my peace I give unto you: not as the world giveth, give I unto you. Let not your heart be troubled, neither let it be afraid.

Peace in the areas of finances is an area in which many seek Biblical perspective and direction.  We understand that the peace of God is not just through principles but rather is the gift of God – not given as the world would give…but received by faith and complete obedience to His word.

There are 7 aspects of Biblical ethics that relate to Financial Peace.  This may not be complete but nevertheless is a good place to start.

1. Debt-free living
2. Wise investing
3. Generous giving
4. Lifestyle of moderation
5. Diligence and Industry
6. Caring for the family
7. Honouring God in finances

As we permit the word of God and the interpreter – the Holy Spirit, to guide our ways on these issues – we may or may not appear on Forbes list of the worlds wealthiest…but will know a peace that is alien to the world.

Debt free living

Proverbs 22[7]  The rich ruleth over the poor, and the borrower is servant to the lender. [26] Be not one of those who strike hands and pledge themselves, or of those who become security for another’s debts. (Amp)  The one who saves is the lender…purpose to pay off existing mortgages ASAP.  Do not borrow especially for consumables or for status. Get rid of credit cards. Save…Save…Save.  (Enjoy this article on How to stay debt-free and mastering credit.)

Wise Investing

Invest for retirement and for the future conservatively on instruments in which you understand the risk profile.  “Conservative” means investment for stability sometimes at the expense of promised gains. The Bible in saying we shall lend to nations seems to imply that stability of investments is preferred to promise of returns with added risk. Defer expenditure and let the power of compound interest work for you. Seek expert advice (beware of ungodly counsel) and compare counsel from different sources.  Pray for final direction.

Generous giving

Proverbs 11 [24]  There is that scattereth, and yet increaseth; and there is that withholdeth more than is meet, but it tendeth to poverty. Do not ask me how this works…but it does.  There is a mystery to the great value in releasing our precious things and consideration to establish the covenant of God and for the poor…being like a flowing stream to which God can pour His wealth into.

Lifestyle of Moderation

Phillipians 4 [5]  Let your moderation be known unto all men. The Lord is at hand. Phillipians [19]  But my God shall supply all your need according to his riches in glory by Christ Jesus. Guard your heart from consumer marketing that attacks moderation and fuels passion to spend on what you really do not need ( but may be able to afford) …or more precisely what the Holy Spirit has not asked you to buy. Seeking to make a statement with a show of luxury is great folly.  Worse still is if the money is borrowed or is in stewardship.  Luxurious and sumptuous fare financed from parishioners who do not enjoy this lifestyle is oppression and not Christianity. God promises to meet the needs of faithful stewards and  not the wants of the squanderer.  True religion bridges gaps – through communal sharing and love.  (Read more about frugal living of Warren Buffet)

Diligence and Industry that adds value to society

Matthew25 [30]  And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth. The profitable servant is hard-working and makes contributions, creates value through enterprise in an open competitive market.  Idleness/sloth and practices that protect unfair competition and finance indolence are natural partners to confusion.

Caring for the Family

I Timothy 5[8]  But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.  God cares about traditional family values. A man, a woman and the household must be cared for. Parents must be honoured with giving. Set funds aside for education, aged parents, unplanned births. A recent statistic showed 21.3% of abortions (which God calls murder) result from lack of financial preparation)  It is wise to maintain a family emergency fund. Trifling with God’s instructions on the family is simply asking for trouble.

Honouring God in Finances

I Samuel 2[30]  Wherefore the LORD God of Israel saith, I said indeed that thy house, and the house of thy father, should walk before me for ever: but now the LORD saith, Be it far from me; for them that honour me I will honour, and they that despise me shall be lightly esteemed.  Honouring God by giving offerings, tithes and first fruits to God out of love for Him is not legalism but confirms that He is the owner, provider and protector of our wealth. You cannot expect peace if you treat God shabbily by dropping alms and leftovers or crumbs from what completely belongs to Him in the first place.  Observe the superiority of the giving of Abel who gave the firstlings of his flock.  Genesis 4 [3]  And in process of time it came to pass, that Cain brought of the fruit of the ground an offering unto the LORD. [4]  And Abel, he also brought of the firstlings of his flock and of the fat thereof. And the LORD had respect unto Abel and to his offering.  Giving God the first and the best of our increase is only smart.

Hebrews 12 [14]  Follow peace with all men , and holiness, without which no man shall see the Lord:

Jesus reigns forever.

Bode

John 12[4]  But Judas Iscariot, the one of His disciples who was about to betray Him, said, [5]  Why was this perfume not sold for 300 denarii [a year's wages for an ordinary workman] and that [money] given to the poor (the destitute)? [6] Now he did not say this because he cared for the poor but because he was a thief; and having the bag (the money box, the purse of the Twelve), he took for himself what was put into it [pilfering the collections](Amp)

Romans 8[28]  And we know that all things work together for good to them that love God, to them who are the called according to his purpose.

Have you ever woken up to discover funds kept in your care has been lost … gradually and systematically diverted ?  Indeed you are a man of prayer but you also blame yourself for ignoring available wisdom on controls that would have prevented losses under your stewardship.  Often as Christians we avoid issues as this and instead of also building “adequate processes” that protect against diversions we are perhaps rightly focused to build “strong men (and women)” but still vulnerable to “Judas Iscariot”  on an undisturbed mission amazed at our trusting  ”carelessness”.

A man of God once said the protection of a true church is in the genuine fellowship and interdependence of the body of integrated members and it’s not about size.  The healthy hands even in a small body can protect the face from an attack, just as the nimble feet can protect the body by immediate motion…but a large heavily built man with sluggish hands and feet not aligned with the body or in conflict with it is extremely at risk.  True fellowship and unity amongst members are a great protection.  May we be one – indeed. Amen.   But whether there is unity or not -  keep your focus always on your father the King of kings. 

This blog post is perhaps more down to earth to demonstrate some very basic  internal control principles to at least consider especially if you find yourself in a custodial role even as you leverage accounting help available in the body.   Do not wait to be stung before you wake up.  If you are too spiritual to understand these things … you are perhaps too spiritual to have very large sums of money in your care.  I may mean well but can end up corrupting people with temptations they are not prepared to deal with …or surround myself with cracks the enemy will love to leverage to cause reproach and distractions.

• Segregation of dutiesrequires that different individuals be assigned responsibility for different elements of related activities, particularly those involving authorization, custody, or record-keeping. For example, the same person who is responsible for an asset’s record-keeping should not be responsible for physical control of that asset. Having different individuals perform these functions creates a system of checks and balances.  Segregate roles properly – do not allow one super trusted person to handle all your accounting/money related roles and transactions from beginning to end.
• Proper authorization of transactions and activities helps ensure that all activities adhere to established guidelines unless responsible managers authorize another course of action. Establish and implement simple guidelines that will protect resources in your stewardship.
• Adequate documents and recordsprovide evidence that financial statements are accurate. Controls designed to ensure adequate record-keeping include the creation of invoices and other documents that are easy to use and sufficiently informative; the use of pre-numbered, consecutive documents; and the timely preparation of documents.  Embrace financial transparency – openness and completeness in financial records will one day protect you.
• Physical control over assets and records helps protect assets. These control activities may include electronic or mechanical controls (such as a safe, employee ID cards, fences, cash registers, fireproof files, and locks) or computer-related controls dealing with access privileges or established backup and recovery procedures.
• Independent checks on performance,  which are carried out by people who did not do the work being checked, help ensure the reliability of accounting information and the efficiency of operations. For example, a supervisor verifies the accuracy of all cash receipts at the end of the day. Internal auditors may also verify that the supervisor performed the check of the cash receipts. Also, you should reconcile bank records and other independent records with your local records regularly. Let your accounting role understand that you have the ability to and will regularly conduct independent checks especially to verify liquid assets.
• Qualified Personnel should fill accounting/audit roles.  Incompetence can be costly and poor accounting has resulted in reproach and issues. Regular training to update skills is important.

In not-for-profit organisations including missions and churches it needs to be admitted that risks (not necessarily reduced by anointing) will indeed be higher and additional caution is needed for the following reasons:

1. High levels of amateur or volunteer labour and part-time staff
2. Only basic internal controls are affordable and staff are not aware of legal responsibilities
3. Records tend not to be correctly maintained and only basic cash statements are prepared.
4. Leaders tend to be community supporters of the cause and not trained or qualified professionals.

The recession is not an excuse but has of course heightened pressures that produce evil workers.

Paul declared and prayed in 2 Timothy 4 [16]  At my first answer no man stood with me, but all men forsook me: I pray God that it may not be laid to their charge. [17]  Notwithstanding the Lord stood with me, and strengthened me; that by me the preaching might be fully known, and that all the Gentiles might hear: and I was delivered out of the mouth of the lion. [18]  And the Lord shall deliver me from every evil work, and will preserve me unto his heavenly kingdom: to whom be glory for ever and ever.

May you be divinely strengthened … and may the Lord stand with you and help you that His word will continue to be preached.  And may your ministry, business and home be delivered out of devourers and preserved till the end. Keep glowing on the mission field.

At a deeper level of truth, we can gain even through all losses God permits if we endure and keep trusting Him and not our systems, skills and abilities.  All things will work out for our good.  Discovery and expulsion of Judas was not God’s plan as Judas played a crucial role to facilitate the glorification of Christ. Paul was perfected in all his experiences to be a great blessing to generations of Christians through his writings and teachings. The treachery of the brothers of Joseph only pushed him to destined greatness.

May God continue to reign in all that pertains to us and may He bless and keep us always. Be focused. Maintain your concentration.  Keep shining on. You are not a failure.  Get up – Keep beholding the King of kings. May Christ and Christ alone be glorified. Amen

Bode

 “Jesus tells the story there of the man who went into a far country and before leaving, called in his three servants.  He gave them talents to be held in trust during their absence.  He gave one man five talents, another two and another one, each according to his own ability.  They could not complain for each was given what he deserved.   Then He said, “ I will be coming back – remember that I have delivered unto you my goods.”  ….

 … But the hour will come when our kindly-faced but serious Saviour will call the redeemed and justified to His feet saying:  “ I must have an account of the deeds done in the body since you were saved.  You have had more abilities entrusted to you for faithful and obedient service and witness.”

There will be no place to hide then.  You tried to settle everything in the spiritual life by one act of believing but there are some things that are never settled until death cuts us off or until the Lord comes.  Now what is it that God expects of us morally, and spiritually?  He advises the way of self-judgment: “ If we judged ourselves we would not come under judgment”… I trust many of us are becoming willing to breathe sincerely that prayer with Charles Wesley:  Arm me with jealous care – as in Thy sight to live; And Oh, Thy servant, Lord prepare  – A strict account to give”

I often reflect on the words of Tozer.  The Bible tells us of a man called Enoch who walked with God … so closely that God took Him.  Enoch had a son he named Methuselah. But why did Enoch walk with God?

Genesis 5 [21]  And Enoch lived sixty and five years, and begat Methuselah: [22]  And Enoch walked with God after he begat Methuselah three hundred years, and begat sons and daughters: [23]  And all the days of Enoch were three hundred sixty and five years: [24]  And Enoch walked with God: and he was not; for God took him.

Methuselah means “When he is dead judgement shall be sent”… or  in plainer terms – the audit comes when he dies.   We can imagine that God inspired Enoch to give his son this name and every time Enoch saw Methuselah he remembered the coming judgment and must have been often perturbed in that he did not know how long Methuselah would live.  Everyday must have been lived with strict care.  This perhaps was the secret of Enoch’s close walk with God.  Indeed, we know Methuselah lived very long (969 years) and died in the year of the flood that destroyed the world (except Noah and those in the ark).  The fact that Methuselah lived longer than any man known testifies to God’s incomparable mercy, love, patience and long-suffering – that gives and gives us new opportunities to repent. This does not mean He has changed His plan.  The effacement of thoughts about judgment  from our theology causes us to seek fun and be unwatchful.  The apparent delay decieve many to imagine He will no more return.

Someone asked “ How can I be sure I am walking with God in my finances, business and ventures?”…and I answered  ” live a life of constant remembrance that whatever you do, gather and achieve is time-bound and mortal … and after there will be a comprehensive audit…a judgment of it by an all-knowing God who owns it all.”

God will judge what we did with time, career, ability, skills, our marriage, ministry, education…He will judge our response to every sermon we heard…every blog we read…every thought and knowledge He gave us.  He will judge what we did with our nationality and all our advantages…He will judge fairly but firmly according to His word. It is wise to understand the audit scope by studying the word of God and quickly agreeing with it.

He especially remembers what we did concerning the poor, the vulnerable, the widows and the orphans…the hungry and the weak…He will judge all our failures, successes and all our assets acquisition and losses.  He will audit our saving and spending and scrutinise our generous giving.  He will judge our silence and also our words.

He will consider all our aspirations, earnings and luxurious extravagance in the light of the needs of others with neither food nor shelter.  He will judge our comfortable social safety nets in the light of impoverished souls perishing daily and innumerably like unprotected insects  - mere statistics or news items to us.  He will judge the things we missed because we thought they were immaterial – yet someone hungry somewhere could have been fed for weeks on that which we squandered on another gadget we will throw away in a few months.  Everything will be reviewed as  though they belonged to Him and not to us…nor to any government or nation…or even ministry.   They all belong to Him.

Enjoy this video by John Piper giving his own perspective on the Prosperity gospel …

Click here to view the embedded video.

Concerning all the investments, businesses, achievements…Christ constantly reminds us  “ I will be coming back – remember that I have delivered unto you my goods.”    Surely, we all need more grace to walk with constant remembrance of this truth – ever seeking the mercy and help of a God who lovingly and patiently awaits our repentance and is ready to give us a fresh start.  With this mindset, all our business activities will be conducted in a very rigorous self-auditing mode that transcends our accounting standards.  He will examine if we are still full or emptied of every deposit that must have been poured out for the benefit of humanity.  Have all the talents been invested for His glory?  What do we have hidden in the closet of procrastination?

Many may ask?  Why have I dedicated many posts to Haiti and ugly scenes of crisis and death amongst the poor brethren in Jos, Nigeria…surely these have nothing to do with managing money and success.  Others may not want their consciences assaulted with images of the poor living under subhuman conditions… and a few have had disturbing nightmares caused by realities they are not used to considering.  But our responses to all these scenarios may all be part of His judgment …

Isaiah 58 [6]  Is not this the fast that I have chosen? to loose the bands of wickedness, to undo the heavy burdens, and to let the oppressed go free, and that ye break every yoke? [7]  Is it not to deal thy bread to the hungry, and that thou bring the poor that are cast out to thy house? when thou seest the naked, that thou cover him; and that thou hide not thyself from thine own flesh? [8]  Then shall thy light break forth as the morning, and thine health shall spring forth speedily: and thy righteousness shall go before thee; the glory of the LORD shall be thy rereward.

Get back on track… and back into the ark. This time – be sure you remain in the ark  – in Christ Jesus.   May the Almighty God who is able to keep us faithful and save us till the very end arm us with jealous care and bless us indeed.  Amen

Bode

A new lifestyle of moderation is evolving. Recently Yahoo Finance reported in a recent article 17 Ways Consumers are Changing  by Rick Newman…to present a new world of moderation and frugality.  Some have speculated that when things improve the consumer will go back to lavish consumption but consumer watchers believe this new culture will linger longer than many expect. I wrote a blog post The Post–Recession World and High Growth Business opportunities on the new world and ideas for businesses to consider to embrace the new realities in which I suggested “…The more discerning, sophisticated, frugal consumer will have more options and power…”

The word “Success” is also being redefined – writes Rick Newman in his article. Also more than ever before materialism is being shunned and viewed with suspicion. Another recent news caught my attention on how the luxury royal caribbean cruise liner seen at the Haiti port immediately attracted critical remarks…even as we hear another magnitude-6.1 temblor shakes buildings and sends screaming people running into the streets.

No doubt there is also a new interest in spiritual things out of fear and realization that many creeds seem to have failed and previous metrics of performance found unreliable. Also as digitalization consumerises faith – there are new evangelism opportunities but also serious threats…

Like never before it is time to bring the Lord into the equation of our ministry, business and lifestyle. The Lord cannot be a consultant, adviser or just a helper to achieve what we want or endorse our “ improved” ways.  He is King and He wants to reign as He opens new doors to those who seek, honor and fear Him.

I have listed an update of new opportunities…remember you can start small … and it is not about making more money …

Potential Opportunities/niches to consider…

1.   Low cost Food and Agriculture solutions
2.   Employment bureau/Human capital engineering/Re-education services
3.   Security Intelligence and corporate safety
4.   Low end residential real estate solutions
5.   Outsourcing services/Equipment Rentals/Leasing services
6.   Customer Market insight / Data consulting services
7.   E-business Markets leveraging new channels i.e. webs/blogs/social media
8.   Government Consulting/regulatory support/Public sector support services
9.   Recycling of waste / Used goods merchandising
10.   Community facilitation/volunteering management/support
11.   Home/Personal Finance consulting (Debt-free consulting)
12.   Alternative media solutions ( “responsible” audiovisual/radio/web/TV)

 

Isaiah 11[2] And the spirit of the LORD shall rest upon him, the spirit of wisdom and understanding, the spirit of counsel and might, the spirit of knowledge and of the fear of the LORD; [3]  And shall make him of quick understanding in the fear of the LORD: and he shall not judge after the sight of his eyes, neither reprove after the hearing of his ears…

Surrender your life to Jesus and let Him reign in you.
 

Bode

Philippians 4[19] But my God shall supply all your need according to his riches in glory by Christ Jesus.

3John [7]Because that for his name’s sake they went forth, taking nothing of the Gentiles.   

Psalm 62 [5] My soul, wait thou only upon God; for my expectation is from him.

We are entering the season perhaps few dread because of the traditions and pressures to show love through giving and the hard-to-resist marketing of items and offers for consideration.  Indeed, this is the month that cries spend; spend more and a little bit more.  Give… give more …give a little more.

I often wonder the perspective of Jesus … who as a baby received gifts from wise men…only to become as He grew the ultimate gift poured out to and for all of mankind. God also said the silver and gold is already His and so cannot need what He already has.  I do not want to speculate where the tradition of gifts and seasons celebrations really began as there are hardly scriptural references of saints celebrating birthdays.  Rather ominously – in the Bible, birthday celebrations were mentioned only twice.  Pharaoh’s birthday (Gen. 40:20) at which his chief baker was hung and Herod’s feast (Matthew 14:6 & Mark 6:21) at which John was beheaded.  I plead to someone reading…do not sabotage your finances or decapitate your future in this period as you seek to make an impression. Inappropriate collections to ministry can also lead to early termination … spiritually initially. Let God finance His work.

It is however a good time to tell people about Jesus and reflect on the approach of Jesus Christ to giving and Bible directions to inform financial decisions.  It is a time to model His ways for the world to see. What would Christ have done differently in this season as He lived the recession-proof life?  For all He needed was indeed provided.  Consider the following seven areas for examples.

1.God does not need your money but needs more of you and your repentant heart.  Be not under pressure to give to ministry if not led by the Spirit of God. Rather pay all your debts – be sure the basic needs of your family, care for parents, wards etc. are covered and seek the Holy Spirit’s guidance to give…Only give joyfully.

2.God is your source, therefore make your financial needs known to Him and do not be dependent on man or be expectant or excited in receiving from men. Do not form the habit of making your needs known to men. Do not leave an obvious hint of your need to the well-dressed neighbour in the church.

3.Be cautious of gifts you receive…never put any under pressure to give or be compelled to accept and consume every gift.  As you seek God’s face in giving, do the same in receiving.  Do not put yourself under undue influence as a result of significant receipts. If it seems very rude to return an inappropriate gift it may be easier to openly redistribute or channel these gifts to a known charity (office gifts are best handled this way…do not be seen taking inappropriate gifts from suppliers home). Remember,  Abram rejected the gift from the King of Sodom. Gen. 14 [22]  And Abram said to the king of Sodom, I have lift up mine hand unto the LORD, the most high God, the possessor of heaven and earth, [23]  That I will not take from a thread even to a shoelatchet, and that I will not take any thing that is thine, lest thou shouldest say, I have made Abram rich

4. Never be elated or excited at receiving money /gifts…you may just be a channel and it may not be for your consumption…seek God’s direction.  Similarly do not be upset if you lack or lose money…make your needs known to God.  A gift is often a test…be joyful when you have passed. Christ received from men and ministered His life to all. Do not be a random receiver collecting from those who do not receive your ministry. Be sure you are giving out more even to those you receive from.

5.Never purchase impulsively. Being able to afford an item does not mean you can go ahead to buy it.  Far more good may be done by considering alternative possibilities as God leads you. Do not purchase love with money (true love is not for sale) or pressurise others to spend to prove love.  Most giving can be selfish “investments” in disguise as it expects something directly in return from men….and God stops being your source. Prayerfully plan a budget for the season and adhere to it. Never use credit to show love as you buy gifts, spend to improve lifestyle or to entertain.

6.If in ministry, be cautious not to squander money collected from those poorer than you for your own personal luxurious lifestyle or family leisure use. God hates oppression of the poor. There will be accounts required of us.

7.There are many inexpensive things that are valued and leave far more endearing memories … your time spent with family and loved ones, an apology in a thoughtful note, a five minute call just to show you remember and truly care, rekindling of neglected relationships  e.g. with your teenage daughter, a word of appreciation to your pastor etc…these may cost almost nothing.

Enjoy the season…remember after all they call it Christmas…should we not be most like Christ at this time ?   And one most important thing…when we give as we must – remember we are to be generous to others especially the less privileged and not over-indulge ourselves…

Also, reflect on the following scriptures…

Proverbs 11[25]  The liberal soul shall be made fat: and he that watereth shall be watered also himself.

Proverbs 22: [9]  He that hath a bountiful eye shall be blessed; for he giveth of his bread to the poor.

I Timothy 6[8]  And having food and raiment let us be therewith content.

 Have a blessed day. Amen.

Bode

There are two warring masters who are distinct in their influence to dominate your life, thoughts and very being.  You cannot be on the fence…indeed one master must be despised if the other reigns.  Christ says we cannot serve both.  He also teaches that we cannot be neutral to these commanding forces…if we are not under one domain by default we are under another.   I have encountered many Christian finance blogs that seem to suggest we can have the best of both worlds but this is not the teaching of Christ.  I have also seen so many great and helpful tools (some on my blog) that help us be financially responsible and often concerned (if we are not careful) that these do not become a new line of “modern toys “ that preoccupy us well. But we eventually miss the point as they do help us to win the urgent money battle only to lose the critical war.  When we put so much focus on money, we are always lured into a romance with an intensely jealous and controlling mistress that will not permit Christ any ground. 

How then can we know if we are serving “ mammon”? There are seven (7) simple questions in this blog.  Be certain that for each question you will only be able to hold on to one selection and never both.  If your life leans more to the bold italicised clause then perhaps  you are not in mammon’s grip. Then intercede for the freedom of others …

1. Is the Word of God on finances/money a pretext (something that is put forward to conceal a true purpose or object; an ostensible reason; excuse…to support or propagate a principle we already elect to embrace) OR  is the Word the main text that drives behaviour (the leading theme that controls our life – even when challenging to your acceptance)?
2. Are we focused on the situational ethics of money ( right behaviour based on current expectations of society and business culture) OR  are we committed concerning our decisions to the leading of the Holy Spirit of Christ – the interpreter of God’s word especially in the little things the world considers immaterial?
3. Where are we making friends/spending most our time/forging and leveraging our alliances…and investing our money and efforts? Is it mainly to make more money OR to win souls for Christ and be Christ-like?
4. Is our concentrated objective the stewardship and discovery of what Christ calls the True Riches OR any kind of riches will do?
5. Have we been mastered by Godly contentment and ruled by its humbling sceptre OR are we restless and anxious to preserve or achieve a lifestyle that is driven by lusts, passions and irresistible marketing of gadgets and materials?
6. Do we accept that worldly wealth though not evil in itself has a natural association with sin and can be our god requiring extra care for those who must embrace it OR  do we conclude that we can easily blossom in worldly wealth – drink and be merry.
7. Have we well addressed in our lives the foolishness of laying up treasures for ourselves here and being uncertain of the state of our eternal bank account – i.e. the state and reality of our eternal dwellings  OR we think eternity will take care of itself, let’s figure out how to pay today’s bill and manage assets and liabilities we can see.

Ephesians 1[7]  In whom we have redemption through his blood, the forgiveness of sins, according to the riches of his grace;

We will find out that Christ is right in that it is deception to conclude that we can be on both sides.. To have Christ reign is a full-time deal demanding full allegiance and devotion.  Similarly to be a servant to mammon is to be under a powerful influence that demands complete, unalloyed, homogenous and undivided attention to its gospel.

This does not mean we cannot be wealthy and be free from mammon. Possessions do not have to be another god. Instead, possessions should be a means of glorifying God and advancing the Kingdom of God – otherwise they will become destructive … eventually.

Ecclesiastes 5:[10]  He that loveth silver shall not be satisfied with silver; nor he that loveth abundance with increase: this is also vanity.

Read more in my recent publication Wealth out of Ashes.  Also, for more reflections and related articles and free subscription to articles please click icon below. Be blessed as you also enjoy the audio teaching  “Christ’s view of Money, Mammon” on the side bar.

Bode

We can learn from the example of Isaac on how to respond to some of the challenges and come out even stronger in tough periods.  There  was a famine which was the closest thing to a meltdown in Bible times…a time of agricultural disaster.  What can we learn from Isaac? Read the entire chapter of Genesis 26.  Some excerpts follow:

Genesis 26 [12]  Then Isaac sowed in that land, and received in the same year an hundredfold: and the LORD blessed him. [13]  And the man waxed great, and went forward, and grew until he became very great: [14]  For he had possession of flocks, and possession of herds, and great store of servants: and the Philistines envied him. [15]  For all the wells which his father’s servants had digged in the days of Abraham his father, the Philistines had stopped them, and filled them with earth. [16]  And Abimelech said unto Isaac, Go from us; for thou art much mightier than we. [17]  And Isaac departed thence, and pitched his tent in the valley of Gerar, and dwelt there.

1. Do not go down to Egypt – trust in the Lord of the covenant.  Egypt symbolizes willingness to get wealth by any means, in other words the ways of the world. We are greatlytempted to abandon righteousness and do whatever we think is necessary to survive – a great mistake made by many Christians today.  If we are willing to listen to God, who is acutely aware of our condition, He will direct us just as He directed Isaac to “ dwell where I tell you to dwell” ( verse 3).  God’s admonitions against depending on Egypt echoes through scripture to His chosen people Israel. 

Isaiah 30[1]Woe to the rebellious children, saith the LORD, that take counsel, but not of me; and that cover with a covering, but not of my spirit, that they may add sin to sin: [2]  That walk to go down into Egypt, and have not asked at my mouth; to strengthen themselves in the strength of Pharaoh, and to trust in the shadow of Egypt! [3]  Therefore shall the strength of Pharaoh be your shame, and the trust in the shadow of Egypt your confusion.

2. Do not be afraid to sow in the famine.  This is a tough act of faith that perhaps is the only way to establish to God that you truly believe the rains are in His hands and He is your source and has riches in glory to bless you. Many imagine they have no choice but to consume their seed in famine – but this only guarantees a future destruction.  Others mock the scriptures on sowing as only a deception to rob the already disadvantaged.  But this was Isaac’s main lever in the land of famine … and soon we are told he waxed great. Pray concerning your seed and always look to God for harvest and no man.

3. Do not underestimate God’s ability and grace over you. Isaac, out of fear, resorted to deception (Gen 26 :6-10) because he was afraid that his wife’s beauty would make him a target of the envious.  Trust God and work hard, and do not be fearful of success making you a target.  Base your actions on the fear of God alone and not the fear of man. Beware of being tempted to resort to deception… and if you have done this, go to God and repent. God was merciful to Isaac. Many err in this area. Do not lean on your own understanding.  God can take care of you.

4. Do not strive with men, even if your success makes you a  target for strife as it typically can in times of general difficulty.  This is perhaps one of the most difficult things to learn.  if  you truly trust God, you will know that prosperity is determined by Him. Isaac was forced to move because of His prosperity.  He would dig wells and others will show up to claim the fruit of His hardwork.  Amazingly instead of fighting  them, he simply moved on and started again elsewhere.  Eventually, his enemies could not resist his success and they came to make peace with him because God’s favour on his life was evident to all.  Instead of obsessing about those (real and imagined) who are out to stop your progress, concentrate on serving God and obeying his voice. “For we wrestle not against flesh and blood”.  Learn to release issues and matters and not get locked in strife i.e. by moving on knowing God knows best.  This is not cowardice but often requires greater courage. Do not defend yourself or attempt to prove yourself…this can be a subtle idolatory.  Let God prove you and advertise your innocence – though this often takes a very much longer process.

5. Do not use your success to settle scores.  Isaac could have repaid the people of Gerar in kind for their bad behaviour towards him.  Instead he accepted their peace offer and even hosted them to a feast.  Alas, during hardship, some people you trusted may wrong you or disappoint you.  Do not respond in kind when you are now successful and thriving, even if they do not see or acknowledge their fault.  Paul said “do not be overcome with evil, but overcome evil with good” and “render to no man evil for evil”.

Most of us have not done as well as Isaac.  It is well … still go to God even if like a prodigal son.  Remember, it is not by our power nor is it by might but by His Spirit so let His Holy Spirit have His way.  Walking in your own strength is a sure recipe to fall – eventually…and remember to give all glory to God.

Bode

At the heart of the issues are some pertinent questions.  Does God want us to be wealthy? Does God want to help the poor and afflicted by offering them wealth? How can we be sure of motives in a wicked world of greed and lusts? Listen to the conversation between a poor widow and a prophet…

I King 17[12]  And she said, As the LORD thy God liveth, I have not a cake, but an handful of meal in a barrel, and a little oil in a cruse: and, behold, I am gathering two sticks, that I may go in and dress it for me and my son, that we may eat it, and die. [13]  And Elijah said unto her, Fear not; go and do as thou hast said: but make me thereof a little cake first, and bring it unto me, and after make for thee and for thy son.

Elijah knew some vital truths that emboldened his mission in this troubling situation.

• Wealth and provision is of the Lord and God is the controller and owner. A genuine encounter with God brings (without exception) us to Him who is able to do exceeding abundantly beyond our dreams.
• God had sent Him to a woman who had been prepared by God to respond by releasing her substance even as she played the role divine destiny had scripted.
• It mattered little that it was a great famine or that he asked for her last meal

If Elijah was not sent by God or directed his request to the wrong widow – he would have been justifiably driven off like a shameless beggar or a crafty criminal…but the wrong widow would also have died in misery. 

3 John[2]  Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospereth.

This reminds us that as our soul receives true salvation in Christ, God wants us to fulfil all He has planned and enjoy His provisions of substance and health – which is more than adequate to meet all our needs.  The prosperity of the soul blessed with divine contentment in Christ therefore must come first – otherwise our wealth is but a preparation for greater slaughter.

Is God moved by poverty and affliction like UNICEF etc? Before we rush to answer yes or no, we should perhaps reflect that God sees all unsaved humanity without exception as lost and poor (whether billionaire or pauper) compared to what He has prepared in eternity and His limitless vaults which are like the inexhaustible waters of the ocean. He also sees the saved as joint-heirs with Christ to a glorious blissful inexpressible and incomparable eternal wealth. God therefore must see all missions as inferior to that of saving souls. God is indeed merciful but He responds unapologetically to His perspective and not ours. 

It was the widow’s obedience and part in divine destiny that saved her as there were indeed poorer and more desperate widows from perhaps “better” qualified places…Zarephath of Zidon, where she resided, also being the home base of Jezebel – the enemy of God’s people.  God helped and used someone from the enemy camp.  God helped her as she became useful, available and obedient in the fulfilment of God’s vision. Our first act of obedience is to surrender to Christ.

On the issue of motives of all men, hear the wisdom of Solomon.

Proverbs[16:1]  The preparations of the heart in man, and the answer of the tongue, is from the LORD. [2]  All the ways of a man are clean in his own eyes; but the LORD weigheth the spirits. [3]  Commit thy works unto the LORD, and thy thoughts shall be established. [4]  The LORD hath made all things for himself: yea, even the wicked for the day of evil.

Everyone somehow serves the purpose of God whether for good or for evil.  Our prayer therefore should be – Lord, help us to be channels of that which is not evil…Help us to commit our ways to you so that our thoughts and plans may be established – for your good purpose and missions only.  Amen.

Read more in Wealth out of Ashes.  Also, for more reflections and related articles and free subscription to articles by the author please click icon below.

Bode

The businesses that keep growing have had to imbibe new ways of working. Perhaps the most important is their attitude to numbers. Numbers must be well managed i.e. the financial positions are reviewed every fortnight/monthly with up-to-date cash flow statements, income/expenditure analysis and analysis of debtors/creditors etc. You must have a good financials person to support you.  In Part I, I introduced a 3-stage model for growing in Recession.  Adapting your systems for growth (stage 3) involves leveraging the areas discussed in this post effectively.  See diagram below.

Keep an eye on cash flow

Many have learnt to be their own accountants, just by taking an interest in their numbers. Understand how cash comes in and goes out and why. The growing companies project their positions over at least a 6 month – 1 year period and regularly monitor their performance against these projections…even as they update their projections. If your business offers credit, then there must be a working credit control process that manages and guides this activity – strictly.

Banking and investments management must also be professional and based on well set policies that protect your liquidity and flexibility.  Clean up your credit and if possible minimise your lending.  Lending will in future tend to be more expensive as banks upgrade their due diligence. Select your bank only after a well balanced and regularly updated analysis of their balance sheet – watching out for changes in their risk assets and proportion of un-performing assets compared to peers.  These are often openly available information. Attend a course on basic accounting for non-accountants if you really mean to bullet-proof your business and know the vital signs for your business.

Invest in Marketing

Learn how to remain visible to your target market.  You need to raise your brand awareness.  Most people are quiet at this time and so you can gain recognition for much less expenditure.  Use this opportunity to gain the mind of your potential clients.  Also invest in sales training for your team.  Relearn the values, needs and product features of competitors’ offerings.  Explore new channels like the web which enables many to improve their return on marketing investments by cutting off the middleman.  High Growth businesses have a talented sales force that remain motivated trained, up-to-date and equipped to go and sell.

Use Technology – don’t allow technology to use you

Today there is a vast array of technology and software marketed at businesses. Businesses that keep growing invest in Technology with a clearly defined purpose i.e. to:

• Lower costs and increase competitiveness
• Drive innovation that translates to new value
• Improve customer satisfaction
• Enable smooth connections with suppliers, customers, staff and partners
• Provide key management information to facilitate decision making.

Technology does not have to be expensive.  Get help to explore various options and be cost effective.  Do not invest in Technology to impress your market.  No one really cares about your technology.  What matters is what the technology delivers.

Conclusion

Someone said “Recession may after all be the mother of invention…” In the 1930s depression, it was innovation that created the new star businesses despite the crash.  Consumers are not averse to buying – instead they are looking for new answers and not the previous propositions we are set to offer.   Pray that God will reveal these new answers to you.

A global survey recently conducted showed that Entrepreneurs still see much potential in today’s economy and are planning for growth. Most still see growth as their top priority item. Finally, remain positive and excited about the future as you see all the opportunities waiting for the entrepreneur.

But of course remember, the spiritual will always drive the physical…the unseen produces the seen.  Read WEALTH OUT OF ASHES to appreciate some of the spiritual dimensions that are shaping the creation of wealth.

Haggai 2 [8]  The silver is mine, and the gold is mine, saith the LORD of hosts.

Deut 8[17]  And thou say in thine heart, My power and the might of mine hand hath gotten me this wealth. [18]  But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

When the Recovery comes, this time do not forget the source.  It was never you. Remember God.  The wealth is to establish His Kingdom.

For the full article on How to Recession-proof your Business, please click – DOWNLOAD ARTICLE.

For related articles and free subscription to articles by the author please click icon below.

Have a blessed day.  Amen.

Bode Ososami

What do growing businesses do when others are releasing staff in panic?  I had introduced earlier a model for how to grow in the Recession in three major steps. The first step is to Refresh your vision, the next is to have a Strategy and Innovation and the final step is adapting your systems to grow in Recession.  This section begins to look at an important aspect of adapting your systems i.e. how to manage your people.

Invest in yourself

As a leader you will need a lot of re-education and learn new tricks. You are too key in the equation to be ignorant.  Invest therefore in knowledge, skills, seminars, exhibitions and market awareness and explore how others have made it.  If you can afford a good online training course to “sharpen your saw” do so.  Invest in a high quality internet line and spend 1 hr at least a day online equipping yourself (knowledge is amazingly cheap on the web) on the issues relevant to your business.

Find exceptional talent

This is not the time to bring in your cousin looking for a job.  On the labour market will be very exceptional talent available for median compensation pay.  Find out the skill gaps in new areas to be ahead in the innovation required to grow. Indeed there is unemployment, but the people you need (who can make the difference) are rare to find – this is the time to search and find them. For example you will need great financial engineers, digital information experts, market makers…always bring in people who are smarter than you and who can challenge you and not just loyal “fools”.  What you need are ideas and help. Be humble to seek and enjoy help from others. Learn to celebrate and motivate others to help you.

Reengage with your team

The growing business will be reengaging with his people and creating a sense community instead of fear of job loss.  You can demand more loyalty and sacrifice at this time.  The growing businesses classify their people into performance categories and will offer voluntary release to the lowest tier of performers while they reconnect with their stars. Bonding and a sense of shared destiny is important so that all are aligned to help the business survive and grow.

Rewarding your people

The high performing businesses use variable pay mechanisms i.e. a portion of compensation is fixed and others dependent on corporate/personal performance.  To adjust for recession, the best strategy is to reduce the fixed pay across board and increase the variable performance pay.  This way, high performers retain or increase their salary while in a very bad period all will feel the brunt of reduced pay in a way that is perceived as fair. Be sure compensation mechanisms are fair and targets are as quantitative as possible.

When things begin to get really bad

There could be very low periods when releasing staff is inevitable.  Begin by offering voluntary unpaid vacations, flexible work (at home) at say half pay…use the opportunity to tighten your disciplinary systems.  If you must disengage, then do not encourage an extended process.  Do it fast as it could hurt morale. Always remember that as you let a valued staff go – it may be almost impossible to find, recruit and retain such talent when recovery returns.

The final post in the series will look at other functional systems.  For the full article you can click – DOWNLOAD ARTICLE.

More on God’s perspective on wealth can be found in my recently published book  Wealth out of Ashes

For related articles and free subscription to articles by the author please click icon below.

Have a blessed day. Amen.

Bode Ososami

Building highly flexible structures is one of the ways businesses can be successful in periods of dramatic downturn as well as being better positioned for recovery.

A few of the ways in which flexible business structures can be built include the following:

1. Outsource non core areas of the business as much as possible
2. Avoid commitments to long term costs/major items exploring other alternatives
3. Use more of rental, lease structures and other more flexible approaches for assets instead of outright purchase.

The key is to have a nimble structure and not weighed down with assets that suddenly become unproductive.  The successful business have learnt to employ more of flexible contractual terms that do not tie them into rigid long-term positions.  This maximises their abilities to move in and out of different cost structures for different markets and positioning.

Outsourcing is becoming a favourite approach, but must be well managed to ensure quality of customer service is not sacrificed for lowering costs and flexibility.  In addition, areas where competitive advantage can be built and of core business expertise are typically not outsourced.  Almost everything else can be outsourced. The outsourcing service provider is able to deliver improved costs and quality of service as a result of a larger scale of operation and economies of scale as well as the fact that the outsourced service is the core business of the provider, thus encouraging more investment in service quality and better value.  Flexibility is also built through flatter, team based organisation structures with wider spans of control made manageable by information systems and much fewer management levels. Employees are compensated more through variable pay structures more by performance and skills rather than by level.

The high growth businesses have learnt how to build structures that allow them to reengineer their cost mix as required at short notice.  Build options rather than fixed positions.  The goal is to aim to make every single possible cost variable.  High growth businesses are not in the real estate business to impress the market.  They do not need to own assets to get the value they need recognising that ownership tends to confer inflexibility and fixed capacity that could be costly in a downturn or when a sudden change in the market requires less capacity.  In the old era, the maxim was to buy, own and show off your building and computers as evidence of strength.  The new world will be more dynamic implying that nimbleness to shift seamlessly and adjust cost structures will be valued more than a showroom display of assets that drain scarce capital.

The next post will examine how growing businesses manage people.  For the full article you can click – DOWNLOAD ARTICLE.

More on God’s perspective on wealth can be found in my recently published book  Wealth out of Ashes

For related articles and free subscription to articles by the author please click icon below.

Have a blessed day.  Amen.

Bode Ososami