KFLCC Kingdom Economics

F INANCIAL S ECURITY IN THE L AST D AYS

the restaurant. Location is important. The same is true for a church. Just because land is cheaper in a certain part of town does not mean that is the best place to build. Many of the older downtown churches have few active members, as the church was built before the town grew. In those days, people might have walked to church. Today there might be minimal parking available for attendees as the city built around the church. It might be necessary to park quite a distance away and walk to the facility. This would be fine for young people, but it can be a hindrance if most of your congregation is over seventy years of age. What are your long term goals and visions for your business, church, or even your family? If you open a shop in a mini-mall where most of the other businesses have closed, then you can just about guarantee that your business will not succeed, unless your product or activity (such as a gym) has high demand and an already-established and loyal clientele. Use wisdom when planting your business. Don’t open an ice factory in Alaska, or a pork rib restaurant in Israel. Not long ago a grocery store sign was circulating on the Internet that read, “Get your Hanukkah hams here!” Hanukah is a Jewish celebration and Jews don’t eat pork. So don’t make that kind of mistake. If you are going to plant a small business or a church, plant in the right area to meet the need. An inner city church must be in the inner city, a day care center must be in a convenient place and a safe environment, and parking needs must be taken into consideration. 2. Protect What You Initiate I refer to this as “hedging things in.” Hedging is a term used by investors to limit their losses. For example, with life insurance, you purchase it knowing that one day you will die and your family will receive the insurance money, while the insurance company is speculating that you will live a long life and keep paying premiums. Just as birds pluck young blossoms in a vineyard, and foxes gnaw and damage vines, so will sickness and accidents impact you in a negative economic manner. Just as a vineyard requires protection for production, it is also important for you to protect your personal and business investment. The first principle is, do not go into extreme personal or business debt that is unsustainable and un payable. Professional money managers suggest that a person should set aside at least six months of operating expenses to cover their bills in the event of a job

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