Turning your skills into a business!
The current recession in the United Kingdom and globally has caused many economic casualties, however, this could be an opportunity for us to develop a business. At All Nations Church we will be addressing the issues of economics from a Christian perspective during the month of November. This is because, we believe that this what Jesus our Lord would have done if He was one earth. We are His ambassadors on earth. The bible is not just a spiritual book but a holistic one that addresses all that life throws at us. From economics to politics- the bible has an answer.
And Isaac invested mentally and physically in the business opportunity God spoke to him about during the recession and in the same year he had a hundred percent return on his investments. The man began to prosper and became very wealthy Gen 26:12 (Paraphrase mine).
Text: Proverbs 24:3-4, 18:16, Jeremiah 29:11, 2 Thessalonians 3:6-15
Starting a business with your God given skills is an effective and sustainable way to start a business. This approach reduces the transactional cost involved in setting up a business. Our skills and talents are a gift from God that can sustain us and add value to society irrespective of the economic condition that prevails. Skills can be acquired formally through structured training and development programmes or informally by experiential learning- (learning by doing it practically). An informally acquired skill can become a money sustaining venture. For example, a person with an interest and some skills in health and fitness can become a fitness instructor.”Your hobbies can become your job”.
The following people turned their hobbies and skills into multi million pound businesses:James Dyson, Michael and Zoe Birch of Bebo, Praween Warsi a full time mother and housewife who started S&A Foods which turns over a hundred million pounds a year (Source: How they started).
Examples of some skills that are in demand in the United Kingdom include: Informatics, Caring, Health and Social Care, Writing, Motivating, Experts in Various fields, Manufacturing, Technicians, Computer Analyst, Software Developers and Programmers, Inventors Innovators, Community Developers, Social Entrepreneurs.
Conduct a skills audit on yourself: Think about unlikely areas of effectiveness that you may be able to develop into a business
Develop your product or service: Every product or service needs to be refined and packaged in a way that appeals to its intended market.
Marketing yourself: Find out what people like about a product and service that you intend to supply and make sure to exceed customer’s expectation.
Opportunity recognition: Business Success is about seeking and taking advantage of opportunities that presents themselves.
Innovation: Try out new ways and methods of running your business and producing your product and services. Being innovative with your processes and products is a key way to keep your cost down and maximise profits.
Be entrepreneurial: apply business principles to your skills to what you do. This involves being financially disciplined (making sure you run your business at a profit) be opened to new opportunities and take them after considering all the cost.
Protect your ideas: (intellectual property) this can be done by copyright, database rights, patents, trademarks and design rights and trade secrets. There are simple ways to protect your business which may not involved the heavy sums of money
Read the dotted lines: Do not sign a contract under pressure make sure you understand what you are doing before you sign a deal. Ask a friend who has a legal background to help you do the checks
Market testing: Conduct a test run to get feedback from your potential customers this will enable one to refine their product or processes if necessary. Market testing can be done at a fraction of the cost and can prove to be highly beneficial.
Believe in yourself by having conviction, work hard, do research, train yourself pray and believe and ask God to help you.
Location: Make sure you are in the right place at the right time. Research the best location for your business both physically and virtually.
Start Small Dream Big: Organic growth can lead to sustainable growth, starting small is beneficial.
Become a Reader: Reading about your area of business will make you a leader in your field, reading gives you new ideas and enables you creative juices to flow.
Have a Plan: About where you want to be in the future, structure your business to accommodate or grow into your future plans(strategy).
Do not focus on money more than the quality of your service or product as long as customers are very happy the business will succeed.
God has a plan for us; which is to provide for us even in hard times and one way can be through entrepreneurship.