Forums Focus

A weekly blog to enlighten and encourage Christian business leaders to lead their business using biblical principles.

Business His Way
Biblical Business Principles – Last week we looked at Leadership Principles. Do you lead as Jesus taught and modeled?

This week we will review Financial Principles (Borrowing) from the Business By the Book Workshop.

Borrowing Principles
1. Avoid unnecessary borrowing. Businesses get in financial trouble for various reasons including poor management decisions. Borrowing can keep you from doing the hard work that might result in a better long-term outcome. Borrowing can also allow you to delay making necessary tough decisions. Even in these low interest days, calculate the cost of interest as you make cost/benefit decisions. Remember – The wicked borrows but does not pay back, but the righteous is generous and gives; for those blessed by the LORD shall inherit the land, but those cursed by him shall be cut off. Psalm 37:21 ESV Do you consider the dangers of debt when making financial decisions?

2. Seek to avoid personally guaranteeing business debt. Surety, while not forbidden in Scripture, Scripture does give warnings. Surety is guaranteeing yours or someone else’s debt. Many business owners have harmed their families when the lender seized property that guaranteed defaulted loans. Even within a company, a profitable segment can be harmed when an unprofitable segment defaults on a loan. The principle is – Don’t build a house of cards where when one fails, it all falls down. Do you know everywhere you have signed surety? Do you know the Biblical warnings about surety? (Note: If you have a credit card, you have signed surety.)

3. Avoid long term debt. Borrowing is based on future assumptions for paying back. James 4:13-14 cautions us that we don’t know the future. Being debt free is freedom! Debt enslaves! The rich rules over the poor, and the borrower is the slave of the lender. Proverbs 22:7 ESV Do you believe God uses many things, including finance, to guide you in business decisions? Have you ever run ahead of God by borrowing instead of waiting on Him?

Have you read Deuteronomy 28 recently? Is it applicable for today?

Bit of Wisdom
Come now, you who say, “Today or tomorrow we will go into such and such a town and spend a year there and trade and make a profit”– yet you do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes. Instead you ought to say, “If the Lord wills, we will live and do this or that.” As it is, you boast in your arrogance. All such boasting is evil. So whoever knows the right thing to do and fails to do it, for him it is sin. James 4:13-17 ESV

Forums Ministry News
Join Bob Lawless, former Chairman, President and CEO of McCormick & Company, as he shares his experiences in applying Biblical principles of business at a Brown Bag Business Leadership Forum on Thursday, May 26, 2011 at the Community Christian Church, 8094 Sandpiper Ct, Suite G, in the White Marsh business community. Networking 11:30, Program Noon – 1:00 PM, Q&A 1:00 – 1:30 PM. Sponsors are CBMC Forums, Maryland Bible Society, and the Christian Professional Network. For reservations or more information contact Paul Lantz, plantz@cbmc.com, 443/248-0377. Plan to attend and invite fellow Christian business leaders to join you.
Forums is now on the web. Go to http://md.cbmc.com and click on Forums on the left column.
Is your knowledge of God’s business principles increasing and are you applying these principles in your business? The Business by the Book Workshop is an excellent way to learn and review these principles. To view the promotional video go to http://www.crown.org/cart/videos/BI277/BBTBMed.asp.
A Downtown Baltimore Workshop is scheduled to begin May 17th from Noon – 1:00 PM at World Relief. For reservations or more details email plantz@cbmc.com

A Workshop is in the planning stages for Bowie. If you have interest contact plantz@cbmc.com.
Consider hosting a Business by the Book Workshop at your company or church? For more information email plantz@cbmc.com.
For more information on Forums Groups go to http://forums.cbmc.com. If you’re interested in exploring joining a Forum Group, or know someone who might be interested email plantz@cbmc.com, or dmoyer@cbmc.com.
The Bel Air Forum Group is forming. If you have interest in this Forum Group, email dmoyer@cbmc.com. The Metro North Forum Group is ongoing.

The Forums Ministry journey includes Business by The Book Workshops, BBB Groups, and Forum Groups. For more information email plantz@cbmc.com or dmoyer@cbmc.com.

Paul Lantz
CBMC Forums
plantz@cbmc.com
443-248-0377