Entrepreneurial Journal – Week 4 – Funding

This was an incredible week! It was a revelatory week! I say that because of the topic that we covered this week; which was funding. Funding, in my opinion, is the most important element of a business. It helps to get the business of the ground. Whether it be buying the necessary materials or paying off specific expenses such as rent or fuel, funding is at the heart of every business. It’s part of the three choke points of any business which include content and distribution. We learned many ways this week on the subject, but what I am most grateful for was the opportunity to hear what the Lord had to say on such this important subject.

As members of The Church of Jesus Christ of Latter-day Saints, we believe in continuing revelation. We believe that God has once again called living Prophets and Apostles and has restored His Church back on the Earth. Just as He has revealed what was important to those of earlier times, He does so today with specific topics unique for our day. Through His servant, Elder Joseph B Wirthlin, an ordained Apostle, He speaks on this subject and expounds five different ways that we can stay out of debt. He suggests that we: 1. Pay our tithing. 2. Spend less than you earn. 3. Learn to save. 4. Honor your financial obligations. and 5. Teach your children to follow your (good) example. All very practical, but inspiring points nonetheless; especially when you live each in succession and do so diligently and sincerely. Reading this talk helped me to recognize the Lord’s voice and to remember a few very key lessons that I have learned in days past on the subject. It’s incredible just how much the Lord spoke on this subject and in other very similar things as well. This week helped to strengthen my testimony about the truthfulness of these things. The fact that God loves us, He cares for us, and that He wants to help us and He will do so no matter what the situation may be. He will bless us if we but follow Him and put our trust in Him.

It makes me excited for what lies ahead. We officially begin our $100 Challenge next week. I have begun gathering what I could find with the limited amount I have been given. It’ll be slow at first, but attainable nonetheless. I’m hoping that I could take this idea off the ground and truly run with it. Make it my own. Possibly grow it into an actual business. That would be incredible! I look forward to this upcoming week, the things that we will learn, and how the challenge plays out. I’ll keep you all posted! Thank you!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s