Forums Focus: A weekly blog to enlighten, encourage and equip Christian business leaders to lead in business using Biblical Business Principles.
Biblical Business Principles – Last week we focused on Honesty: Human or God Trusting. Is your honesty based on human logic, or is it based on Biblical Business Principles and then trusting God with the outcome.
This week we will focus on Fair Pricing. How do you set your prices? What the traffic will bare? What competition is doing? What you need to make a profit? What does the Bible say about pricing?
The LORD despises double standards; he is not pleased by dishonest scales. Proverbs 20:23 NLT The government certifies scales today so the problem of having a different set of weights on the balance scales has been eliminated. But what about charging different prices depending on who the customer is, or how much they haggle the price down? The LORD despises double standards of every kind. Proverbs 20:10 NLT
And how can I tolerate all your merchants who use dishonest scales and weights? Micah 6:11 NLT If we want God to bless our business…
Principle 1 The Golden Rule Do for others what you would like them to do for you. This is a summary of all that is taught in the law and the prophets. Matthew 7:12 NLT Would you like to be given the same price if you were the customer and the customer was you?
What are legitimate pricing differences? According to Business By The Book, if the following are given equally to everyone: 1. Volume Discounts; 2. Cash Discounts; 3. Class Discounts (seniors, students, etc.)
The buyer haggles over the price, saying, “It’s worthless,” then brags about getting a bargain! Proverbs 20:14 NLT Customers always want the best bargain AND the best product / service. Having consistent prices protects you from customers who want too much. Are you protected by fair, consistent prices?
Plans succeed through good counsel; don’t go to war without the advice of others. Proverbs 20:18 NLT Don’t go it alone! Get good counsel. Forum Groups provide such counsel on an ongoing basis.
How are your pricing policies? Do you have God’s peace as you think about them?
Bit of Wisdom
No, O people, the LORD has already told you what is good, and this is what he requires: to do what is right, to love mercy, and to walk humbly with your God. Micah 6:8 NLT
Business By the Book Workshops are an excellent way to learn and review Biblical Business Principles. Prayerfully consider hosting a Business by the Book Workshop at your company or church?
BBB Groups help graduates of Business By the Book Workshops and Seminars apply Biblical Business Principles.
Forums Groups help one-another resolve difficult business issues using Biblical Business Principles through prayer, counsel, support, and accountability in a confidential closed group environment.
Business Leadership Forums are periodic events where business leaders share how applying Biblical Business Principles has impacted their business.
For additional information go to http://forums.cbmc.com or email email@example.com
Forums Focus past issues are available online at https://cbmcmd.wordpress.com
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