Episode 23 – Biblical Message of Generosity

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God needs our success and our money to do his work on earth, right??  What is the most important question for us to answer:  How to give, where to give, why to give?  How do we define “net worth”? There may not be a more important topic for a Faith Driven Entrepreneur to tackle, than how to think about generosity.  We worship a generous God who has given to us generously, and we, as do all Christ followers, have an opportunity to respond.  How should we do it as entrepreneurs?  How do we think about ownership?  How do we think about giving?  How do we think about God?

Show Notes for Episode 23

Photo by Kat Yukawa on Unsplash

“One of the best investments”

— by Henry Kaestner

Undoubtedly, you’ve come to understand that we are big fans of chaplaincy here at FDE.  Here’s a video from one of entrepreneurs that Corporate Chaplains of America works with.  At Bandwidth, our first interaction with Corporate Chaplains of America was 10 years ago when Jeff Brown started visiting us every other Friday morning.  His impact on our staff was HUGE.  We’ll tell that story on an upcoming blog.  In the meantime, please check out Janet Ward Black’s experience.

Favorite Quotes:

There are a lot of problems that my staff have, the people that work for me, that I am not equipped to handle. So having a corporate chaplain, someone with training, someone with experience that can be dedicated to that problem for the person, and to keep it confidential, allows us to give a real meaningful asset to our staff.” — Janet Ward Black, Principal Owner

“The thing that I think is the most amazing about being a business owner, is that you have things happen to your people that effect them deeply.  Whether it’s the death of a child, the death of a parent, divorce, cancer diagnosis, and to have someone who is a professional to be able to support that person in their pain is such a valuable gift to them.”  — Janet Ward Black, Principal Owner

The Baby Boomers Are Rocking The Startup World!

by Gerald Duran

Editor’s note.  We’ve recently come across Gerald and Cana.Global, a faith based accelerator in Southern California.  You can see some more information about what he, and others in the workplace ministry space are doing here, and we thought that his perspectives on older entrepreneurs are intriguing.  Here’s a guest blog from Cana.Global’s founder, Gerald Duran, as originally posted on Medium.  Do you know of others in the faith driven entrepreneur industry that we (and others) should know about and include please let us know!

 

Wait a minute, don’t most people envision the startup entrepreneur as a 20-something tech genius in a hoodie? You might be surprised to learn that it’s actually the graying 50-something in dad jeans.

When we launched CanaGlobal in Los Angeles, a faith-based entrepreneurial accelerator geared towards the bootstrapped startup, we began hosting a series of events for future entrepreneurs who were entertaining the idea of launching a startup. We were surprised to see so many boomers at our events. If fact we asked ourselves, where are the millennials?

50% of millennials are already embracing some form of entrepreneurial freelancing, but the majority are still struggling with the concept of what it takes to create a customer acquisition system, producing actual revenue. This is the core of what we do at CanaGlobal.

Some Millennial Tidbits

Despite more than half of millennials having high expectations of becoming millionaires, 1-in-5 still rely on their parents for financial support. They expect to retire at 56, though won’t start saving for retirement until age 36.Amazingly, 60% of millennials consider themselves entrepreneurs with 90% recognizing entrepreneurship as a mentality, they fail to understand the difference between innovation and entrepreneurship. Ideas and innovation alone won’t produce revenue and profitability. Entrepreneurship is the action of monetizing innovation and the boomer startup founder gets this. Why? Experience matters. As a result, the struggling millennial freelancer is one of our strongest segments at CanaGlobal.

Back to the Boomers

The fact is boomers are twice as likely as millennials to be planning a new business and when it comes to boomers starting a business, the odds are greatly in their favor. Older entrepreneurs have the uncanny ability to see the need, or improve upon, a product or service based on practical knowledge.

Boomer Entrepreneur Statistics

  • 67% are profitable.

  • 76% rate their happiness at an 8+ (1–10 ).

  • Boomers make up half of American business owners.

  • Boomer startups are outpacing all other startups.

  • Most bootstrapped their startups.

  • The most popular industry is business services.

  • Boomer entrepreneurs are likely to live in California, Florida, Texas, New York and North Carolina.

What’s Driving the Rise in Boomer Startups?

The typical boomers we see at CanaGlobal have a substantial amount of professional experience that they intend to leverage into an entrepreneurial for-profit or nonprofit venture. There are a variety of factors driving the rise of entrepreneurial startups from the boomer generation.

  1. The Gig Economy — The rise of the 1.4 trillion gig economy, fueled by 57 million freelancers, has created a freelance economy. Businesses have gravitated towards hiring part-time or freelance instead of full-time. Half of millennials are now freelancers. This is a major workforce disruption. If the trend continues, projections show that by 2020, 43% of the US workforce will be freelancers.

  2. Aging out at 40 plus — Over forty types who have lost their jobs due to restructuring and layoffs are finding it more difficult to find another job at the same rank and level of income.

  3. Dream Job. Dream Income. — The landscape has changed and the traditional path to the proverbial dream job with the dream income no longer exists for the majority of American workers.

  4. Generational Culture Tensions — From workplace environments to agile teams, how we get things done differs greatly amongst our generations. Right or wrong, each generation has a preconceived bias against the other generations.

  5. The Rise of Purpose — Most people feel as though they were meant to do something greater than what they are doing. Across Gen Z, Y, X and Boomers, the paycheck alone is no longer enough. People demand purpose, if they are going to invest 100,000 plus hours into their careers, they want to do something that matters

  6. The American Dream — Despite the of realities of this world, people still want the American Dream. A place to call home and do life with family. Live debt free. Take vacations. Enjoy work/life balance. Have the resources to retire one day.

Who Are These Boomers? They fall into two groups:

Aged out at forty plus— Take John, a business professional with 35 years of training experience. After getting laid off he came to the realization that many companies wanted a younger version for less money. After wasting 12 plus months in a frustrating and unproductive job search, he decided that the best path to his continued career success was to launch his own training company, SnackLearning. Even in the red hot tech industry, a whopping 43% of 1,011 U.S. tech workers surveyed by job search site Indeed said they are worried about losing their position because of how old they are — and 18% say they’re are concerned about the issue “all the time.”

Pursuing Exceptional Purpose —According to Gallup, only 33% of the American workforce feel engaged at work. There is a shift from a culture of “paycheck” to a culture of “purpose”. These boomers want meaning and purpose as they use their talents and strengths. They want their job to fit their life. They want to create their own exceptional workplace and the ability to create their own success path. This includes a flexible schedule they control, working from home as they desire, becoming more agile and collaborative wherever and with whomever they choose.

Why The Startup Accelerators?

Most businesses fail due to uneducated enthusiasm.

They say 9 of out 10 business fail. Why? They run out of cash. The venture-backed startup can’t get that next round of capital and the bootstrapped startup lacked the “know-how” to create a customer acquisition system capable of producing enough revenue and profit to sustain itself. Whatever the reason … they simply ran of money. They lack entrepreneurial “know-how”.

It’s Biblical! “My people are destroyed from lack of knowledge.” Hosea 4:6

There are two types of entrepreneur accelerators. The majority focus on teaching founders how to succeed in the world of venture capital with a big emphasis on raising capital and an exit strategy. In the minority are accelerators like CanaGlobal, more of an entrepreneur bootcamp focused on helping bootstrapped startups learn the “know-how” to creating revenue with a huge emphasis on developing the ultimate customer acquisition system. There is a need for both. There are startups that require venture capital, but there are just as many that don’t. They could bootstrap. The problem is that too many are looking for an elevator instead of just climbing the stairs. And choosing not to bootstrap is choosing not to launch, because the investors are simply not going to fund them.

If you can’t creatively turn $1 into $10, why do you expect to be able to turn $1 million into $10 million?

Most of the of venture capital people I know bootstrapped their own companies. If they took capital, it was late in the game as they had already built companies that produced millions in revenue, the capital provided a way to scale. Most have a love-hate view of VC.

Why The Faith-based Entrepreneurial Accelerator?

At CanaGlobal, we attract future entrepreneurs who feel that they have a calling in the marketplace. We have a vision of activating Kingdom-driven entrepreneurs into the 7 mountains of societal influence: family, religion, education, government, media, arts/entertainment, and business. We do that by connecting the dots between business, purpose, success and faith.

We are in the midst of a 7 mountain reformation, a miracle in the marketplace where the greatest harvest of our time will take place: outside the church walls. God is transforming the lives of a generational mix of Gen Z, Y, X and boomers who are stuck in their pursuit of the proverbial dream job and dream income. They demand purpose. These amazing future-entrepreneurs arrive from different cultural camps only to become united in a Kingdom vision to transform the marketplace. Why not? It’s where they will spend 100,000 plus hours of their lives working, why not make it count?

At the intersection of faith and entrepreneurialism is the realization that the Church (body of Christ) have allowed God to get kicked out of the 7 cultural mountains of societal influence. The political implications are stunning.

These Kingdom-minded entrepreneurs are on a mission of influence, bringing God back into the marketplace. Instead of seeing the Bible as a book of rules that very few will actually read, they see it as a book of promises from God himself. They recognize that entrepreneurial life has many challenges. But they’re willing to accept God’s help in every part of their business and personal lives. People take notice of this and they want to know if God will help them find meaning and purpose in their lives as well.

As co-heirs and co-laborers with Christ, seated positionally on the throne with Christ (right next to God Himself), our identity of who we are in the marketplace changes greatly. We have a delegated power and authority. Who we are is not defined by what others say, our INC 500 status or our last IPO, instead it’s defined by who God says we are.

When you have someone that doesn’t know who they are, everything they do will be an effort to try to make themselves into something — to create their own identity. They will devote every effort to become a person of significance, instead of understanding that they are already significant.

If you put your identity in what you can do instead of who God says you already are, then you’ll be on this perpetual cycle trying to earn approval and gain something that you already have.

-Brandon Lee, Co-Founder at Orenda Education Initiative

We are faith-based at CanaGlobal not because we identify as Christian, but because of what we do. Startup founders get the “know-how” to successfully advance from idea-to-launch, creating revenue and profitability in the earliest days; but also how to identify and fulfill God’s place and purpose for their lives … at home and in the marketplace.

Cana is the location where Jesus performed His first miracle. CanaGlobal’s mission is to activate 1 million entrepreneurs into their dreams, doing something that matters … because when 1 million God-backed entrepreneurs connect the dots between business, purpose, success and faith … they change the world.

Special thanks to rawpixel on Unsplash for the cover photo.

Making Marriage Counseling Mainstream

by Steven Dziedzic

I counsel America’s couples. 

But I don’t do it through traditional relationship counseling. I do it by synthesizing decades of marriage research into bite-sized, app-based exercises that help couples open up emotionally. 

The app is called Lasting, and our mission is to make marriage counseling simple. Every day, we’re building stronger, healthier marriages. It’s the most fulfilling job I’ve ever had—a true expression of my faith. We help real couples with one of life’s most important callings through a scaleable, redemptive venture.

And it all started with The Knot, the leader in wedding planning that touches the majority of every new marriage in America.

Five years ago, my first startup got acquired by The Knot. My first job there was to redesign its flagship app, The Knot Wedding Planner, and every week, like clockwork, I’d interview new couples about their wedding planning journey to inform my efforts. 

I loved talking with these couples (mostly because I was a newly engaged person myself). I loved hearing about how they met; how they went about finding a DJ; how they created their guest list; how they fought about their guest list; but mostly, I enjoyed hearing about their relationships and why they were getting married.

Even early at The Knot, it became apparent to me that there was an opportunity to help today’s couples and their marriages, especially with regard to expectation-setting.

There’s a big disconnect with people’s expectations about marriage.

Every day, competing ideologies are misleading the masses about what marriage is really all about. Most are fed a story about how marriage is about personal gain—but that’s not what the Bible says, nor is it what scientific research says.

According to the Bible, marriage is a reflection of Christ’s relationship to His Church—a relationship of connection, commitment, and sacrifice. Science mimics the Biblical view. According to research, emotional connection is the foundation of marriage, and commitment and sacrifice have all sorts of positive, causal effects on marriage health and family health.

However, most people don’t enter marriage with this viewpoint, resulting in a total mismatch of expectations.  

I knew that we could make a massive impact, if only we could make working on your marriage as simple as opening up an app.

And so, inspired by my faith, I got the desire to bring marriage counseling into the mainstream. 

Amazingly, as I set off to build this new company, I found out that the executives at XO Group Inc. (the parent company of The Knot) shared my heart for marriage, too. In fact, we even articulated the mission in the same way: we wanted to “lower America’s divorce rate in our generation.”

The end result? We worked out a partnership to create Lasting under the XO Group umbrella to give us a far greater chance of reaching as many couples as possible. XO not only owns The Knot, but also The Bump, which is the leading resource for first-time millennial parents.

We’re two years into Lasting, and it’s already the #1 marriage counseling app in the nation. Slowly but surely, we are making marriage preparation and counseling a cultural expectation in our time. It won’t be easy, but we won’t stop until it is.

If you’d like to join with me in this mission and help the marriages of your employees or your congregation, I’m at steve@getlasting.com. I’d love that.

In Him.

Editor’s Note:  I first got to know Steve while he was at the Knot and we served together as mentors in the Praxis program.  Praxis is all about helping redemptive entrepreneurs.  It’s so cool to see how Steve’s interaction with Praxis has helped him now launch Lasting….really cool to see a Kingdom virtuous circle. – HK

Productivity and Grace: Management and Labor at a Denver Manufacturer

by Chris Horst

as originally posted on Christianity Today

There’s a simple reason why manual laborers are called “blue-collar”: The color blue, it turns out, hides dirt better than the white seen in office buildings. But “blue collar” defines more than work apparel, of course. It defines industry, even a way of life. And its stereotypes are often unflattering.

But a metal products manufacturer in Colorado is working to undermine those stereotypes, right on the shop floor.

Sandwiched between rail lines and a tire depot, the Blender Products factory hides in a quiet neighborhood in Denver. The nondescript warehouse looks from the outside as nondescript as most warehouses do. But the way Steve Hill and Jim Howey lead inside the building is unusual in an industry known for top-down hierarchies of management.

“The metal fabrication business is extremely cutthroat,” says Hill. “Workers are given a singular task, and maximum output is demanded. They’re simply a factor of production. As a general rule, they have no access to management. There is very little crossover between guys on the floor and guys in the offices.”

Hill and Howey aim to subvert the us-versus-them mentality. Many days they walk the shop floor, engaging their workers as peers. Employees on the floor are treated as importantly as the managers, undermining the adversarial culture simmering in many manufacturing businesses.

“The company has tried to abide by a simple philosophy concerning our employees,” Steve said. “Pay them well, provide great benefits, and invest in lives. . . . The guys in our shop . . . know that I’m a human too. I have many of the same struggles they do. Showing humanness to people is key to disarming those stereotypes.”

Extraordinary moments of God’s grace abound. One longstanding Blender employee endured a season of family crisis. In that moment, he turned to those closest to him for support, prayer, and care. For him, those people were his colleagues. He openly shared his pain and his managers prayed for him and helped him find his footing. Baptized soon thereafter, the employee’s tragedy has been redeemed, forever changing the trajectory of his life.

“At our company, we are committed to three things: Provision, attention, and inclusion,” says Hill. “Even if it’s just a few minutes, it’s important for our guys to know we care about more than just their work lives.”

The Blender Products values aren’t just tucked away inside the employee manual, however. They’re exemplified in the culture of the company. With an average staff tenure exceeding 12 years, it’s clear this is a special place. Six of the nineteen employees have worked there for over 20 years.

The very work that Blender employees accomplish benefits a broader community. On the shop floor, talented metal artisans convert stacks of sheet metal—what looks like an oversized stack of paper—into massive fans that improve the efficiency of machinery by mixing airstreams. Their proprietary mixing designs decrease pollution, reduce machinery fire risks, and improve ventilation wherever they’re installed. Fastened in hospitals, schools, office buildings, and factories, they silently make buildings and machines work better and safer. There are many potential customers whom Hill and Howey hope to serve with their products. They say that whatever growth God provides means more opportunities for them to serve, which aligns with their commitment to stewarding what God has entrusted to them.

The manufacturing floor itself breaks norms. Anything but chaotic, the warehouse exudes peace and order. The Blender Products team assigns a high value to cleanliness. Machining expansive swaths of sheet metal is dirty business, but each corner of the facility appears purposeful and organized.

Hill and Howey are unabashed in their Christian identity. They cite Colossians 3:17—”And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him”—as a foundational verse for Blender Products.But while faith infuses their work, they also have misgivings about the assumptions many Christians assume about business leaders.

Steve and Jim lament how Christian business leaders are often short-sold. When these leaders are reduced to the number of tracts they dispense or Ichthuses they display, they argue, it undermines their primary contributions to our world: valuable products, meaningful work, and life-giving camaraderie.

“Operating a business unto the Lord is about producing a quality product or service, treating people well, and stewarding the proceeds,” Howey says. “That’s it . . . . Being a Christian in business isn’t about tricking your employees into hearing the gospel. It’s not about being a donor to nonprofits. It’s not about making as much money now so we can retire and serve on ministry boards.”

Their greatest challenge is balancing their equal commitments to productivity and to grace.

“We want to cultivate a healthy work environment,” says Howey. “But we want people to get their work done. The pendulum of grace can swing too far. This isn’t a love fest. It’s a business.”

The demands of a fast-paced manufacturing business play into this tension. When making simple decisions like how to use timecards and when to permit flexible work hours, Hill and Howey wrestle with how to be both highly productive and highly loving, to balance employee care and manufacturing excellence.

“It’s seemingly impossible to have a highly productive work environment and not treat employees as simply factors of production,” Hill says. “But we believe that all things are possible with God.”

Blender Products isn’t just a warehouse filled with steel and rivets. It’s a manufacturing family. In an industry lacking exemplars, they forge a counter-cultural environment teeming in dignity, ingenuity, and grace.

Podcast Episode 22 – Expressing Gratitude in the Workplace

by Johnny Shiu

In this episode, Henry, William, and Rusty explore the topic of expressing gratitude in the workplace.  They discuss how we can be more intentional with showing our thanks and appreciation to others as leaders.  A starting point for this outpouring is finding a way to be grateful ourselves.  When we do this, it resets our perspective and causes us to be grateful for others, their work, and their contribution.  

Time and time again, employee surveys would show that they feel unrecognized, and unappreciated. This need to be changed as leaders should continually be thinking of creative ways to express gratitude in the workplace.  Tune in this week to hear some normal and abnormal ways to do this (including an appearance by mass quantities of rubber chickens).  

As Christ followers, we should have an unfair advantage because Christ is our model, and his gratitude extended into death on the cross.  

Join us to hear more thoughts and as always, please send us yours!

Photo by Courtney Hedger on Unsplash