Overworking Your Staff to Save on Payroll Expenses

Overworking Your Staff to Save on Payroll Expenses

This post is part of the Bible and Business series on Christian ethics for Christian Business Owners.  In this scenario, an owner expects the employees to work sixty, seventy, or even eighty hours each week without additional compensation, such as bonuses or stock options, for working longer hours. Description of the Problem: Some owners naturally work sixty or seventy hours weekly. They enjoy their work, and they...

Do We Pursue that Which is Most Valuable?

I was reading in Luke 3.1-2 this morning the following: "In the fifteenth year of the reign of Tiberius Caesar—when Pontius Pilate was governor of Judea, Herod tetrarch of Galilee, his brother Philip tetrarch of Iturea and Traconitis, and Lysanias tetrarch of Abilene— 2 during the high-priesthood of Annas and Caiaphas, the word of God came to John son of Zechariah in the wilderness." I'm sure most...
Revenue or Profit?

Revenue or Profit?

I was meeting with an energetic entrepreneur this morning. As part of our conversation, he mentioned that sales should not be focused on revenue. Instead, they should be focused on profits and customers. I think he is right. One of the mistakes I made as a business owner in the early years of my business was focusing on top-line revenue. My senior leadership team did the same...
Profits: God’s Purposes for Business – Part III

Profits: God’s Purposes for Business – Part III

When profits are consistently achieved ethically, sustainability is achieved for the owner, employees, and the community. Hence, a third purpose for business can be stated this way: Business exists to create profits, which provides the business sustainability that allows the owner to fulfil the other five purposes. Profits are a good indicator on excesses in the other purposes: If one of the other purposes gets out of...