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Integrity Moments - Mar. 11, 2010

  • 2010 Mar 11


The Wisdom of Planning 
by Rick Boxx
March 11, 2010

When I began my banking career, the primary method for budding entrepreneurs to receive funding for their new ventures was bank financing. Banks typically required a business owner to develop a business plan in order to get a loan. Although it frustrated many, it did provide these entrepreneurs a motivation for developing a plan.

According to The Wall Street Journal, a survey conducted by the National Small Business Association revealed that in 2009, 59% of businesses used credit card financing for their organization. The use of credit cards has allowed many businesses to be started without a plan.

Proverbs 20:18 teaches, "Make plans by seeking advice; if you wage war, obtain guidance."

If you're starting a new business, or heading in a new direction, don't overlook the importance of wise counsel and planning.

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