Business Owners life
group
Preparation
i. Mechanic
ii. Secretary
iii. Nurse
iv.
Most inventions come from people that need them or people that
see a need.
1.
Pioneering the idea of interchangeable sockets and wrench handles,
Joseph Johnson together with William Seidemann, formed the Snap-on Wrench
Company in 1920. The company manufactured and marketed ten sockets that would
"snap on" to fiveinterchangeable handles, a concept that revolutionized the tool
industry. Snap-on has continued its innovative leadership across an
ever-expanding line of products to this day.[1]
2.
The Gerber story, by most accounts, began in 1928 on the
production lines of the Fremont Canning Company. But according to Daniel Gerber,
it all started in his kitchen the summer of 1927. Following the advice of a
pediatrician, Dorothy Gerber had been hand-straining solid food for her
seven-month-old daughter Sally. After many evenings of repeating this chore,
Mrs. Gerber suggested that her husband try it. After watching him make several
attempts, she pointed out that the work could be easily done at the Fremont
Canning Company, where the Gerber family produced a line of canned fruits and
vegetables. Daniel Gerber, covered in strained peas, thought his wife had a good
point[2]
i. Let’s go back to God the designer. There is nothing new under the sun. God has created all things necessary for mankind. Our job is to find out how to use his creation. So who better to ask for the next, best invention?
1. The sun always was the center of our universe but Galileo was the one to figure it out. (at least in modern times) Galileo Galilei, though famous for his scientific achievements in astronomy, mathematics, and physics and infamous for his controversy with the church was, in fact, a devout Christian who saw not a divorce of religion and science but only a healthy marriage: "God is known by nature in his works, and by doctrine in his revealed word."
2. Pasteur, known for pasteurization, the start of microbiology, and vaccination work, saw no conflict between science and Christianity. In fact, he believed that ‘science brings men nearer to God’.6 In his work as a scientist, he perceived evidence of wisdom and design, not randomness and chaos. Pasteur stated that: ‘The more I study nature, the more I stand amazed at the work of the Creator’.
3.
Sir Isaac Newton
was also a devout believer in Christ and a Bible scholar, fluent in ancient
languages, and who translated directly from the Hebrew. He was unusually drawn
to the prophet Daniel, which he began studying at age 12 and continued until he
died at age 85. In fact, The Columbia History of the World, a
secular history book, remarks, "At the end of his days he spent more time
studying and writing about the prophecies in the Book of Daniel than he did in
charting the heavens."
1.
Sam Walton is an example of someone who saw potential when most
could see none. He wrote "Our key strategy . . . was simply to put . . .
discount stores into little one horse towns which everybody else was ignoring .
. . In those days K-Mart wasn't going to towns below 50,000, and even Gibson's
wouldn't go to towns much smaller than 10,000 - 20,000. We knew our formula was
working even in towns smaller than 5,000 people, and there were plenty of those
towns out there for us to expand into. When people want to simplify the Wal-Mart
story, that's usually how they sum up the secret of our success; 'Oh, they went
into small towns when nobody else would' . . . While the big guys were
leapfrogging from large city to large city . . . they left huge pockets of
business out there for us."[3]
How can I allow God to help me design a strategy for business?
i. Do you have the product?
ii. Do you build the product?
1. i.e. sandwiches, furniture, carpet
iii. Do you need to look for the product?
1. Who is the local distributor?
2.
It is imported from another country?
i.
Local.
ii.
Finite customer base
iii.
Location, Location, Location.
iv.
Original Business Type. (butcher, baker, etc.)
v.
Costs related to operating daily.
vi.
Are you required to be open on Sundays? (the mall)
i.
Not Necessarily local
ii.
Finite Customer base because of the unique or special
product
iii.
Sales Reps
iv.
Account based. Need to manage your customers well because they
need to become regular buyers.
v.
Cash Flow management because of terms
i.
Service based or Product based
1.
Serviced based require the ability to uniquely manufacture per
customer’s specifications. (Smith Machining. Johnson Anodizing. Robert’s
fabricating.
2.
Product based manufacturing is when you dictate the specification
of the product and sell it as is. For example Mag light flashlights. Pre-fab
swimming pools. General Motors.
ii.
Infinite customer base. This product can be sold anywhere in the
world depending on your clientele.
iii.
Account based. Need to manage your customers.
iv.
Cash flow
i.
Infinite customer base 300 million in the
ii.
Lower overhead. Home based?
iii.
Automated with shopping carts. The orders just show
up.
i.
Local or Regional
ii.
Finite customer base
i.
Plumber
ii.
Carpenter
iii.
Machinist
i.
Doctor
ii.
Lawyer
There is no limit to the amount of ideas that one may have to build a business. Anything is possible especially where free trade and democratic ideas flourish. The difficult part is taking a five cent idea and turning it into a million dollar plan.
Pods storage
Baby sitting at tradeshows
Online traveling with baby magazine
Tanning beds
Selling baby formula in coke machines.