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Kingdom Entrepreneurs Changing Their World John Mulford Regent University Center for Entrepreneurship.

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Presentation on theme: "Kingdom Entrepreneurs Changing Their World John Mulford Regent University Center for Entrepreneurship."— Presentation transcript:

1 Kingdom Entrepreneurs Changing Their World John Mulford Regent University Center for Entrepreneurship

2 Overview Entrepreneurs Engine of economic growth Entrepreneurs Engine of economic growth Kingdom Entrepreneurs Bringing economic & spiritual growth Kingdom Entrepreneurs Bringing economic & spiritual growth Victory Pursuing God’s calling in God’s way Victory Pursuing God’s calling in God’s way

3 Part 1 Entrepreneurs Engine of economic growth Entrepreneurs Engine of economic growth

4 Engine of Creative Destruction Schumpeter: Creative destruction Schumpeter: Creative destruction Innovator’s Dilemma—entrepreneurs beat big business in innovation Innovator’s Dilemma—entrepreneurs beat big business in innovation Examples of small beating big and new beating old Examples of small beating big and new beating old Disk drives for PC’sDisk drives for PC’s BiotechBiotech Mini-mills for steelMini-mills for steel

5 Small Business Big Part of Economy Small business accounts for 95% of business establishments 95% of business establishments 50-60% of employment 50-60% of employment 60-70% of new jobs 60-70% of new jobs

6 Massive Oaks Grow from Acorns Wal-Mart (1) From a few Ben Franklin stores to the largest company in the world Wal-Mart (1) From a few Ben Franklin stores to the largest company in the world HP (12) two engineers in a garage with expertise but no product or plan create the HP Way HP (12) two engineers in a garage with expertise but no product or plan create the HP Way Dell (31) from college dorm room to PC market leader Dell (31) from college dorm room to PC market leader Microsoft (46) brilliant youngsters without degrees outsmart IBM to dominate PC software Microsoft (46) brilliant youngsters without degrees outsmart IBM to dominate PC software

7 Howard Schultz

8 The bottom line We always figured that putting people before products just made good common sense. So far, it’s been working out for us. Our relationships with farmers yield the highest quality coffees. The connections we make in communities create a loyal following. And the support we provide our baristas pays off everyday. Schultz wanted "to build a company with soul."

9 Schultz Falls for Starbucks Howard Schultz, corporate marketer, hired by coffee roaster Starbucks in 1982. Schultz wants to model Starbucks after espresso bars in Italy, but owners don’t want to be in restaurant business In 1985, Schultz leaves to pursue his passion—to create a new industry In 1987, Schultz buys Starbucks

10 Growth Timeline 1971--First store in Seattle 1985--six stores, Schultz leaves Starbucks 1987--Schultz buys out Starbucks for $3.8M 1992--IPO, 165 stores 2007 –13,000 stores in 40 countries –opening five new stores daily –$8B revenue; 145,000 employees

11 $4 for a cup of coffee? Inviting destination—living room away from home Atmosphere enhanced by happy employees “Green image”—fair trade coffee

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13 Why is U.S. Hotbed of Entrepreneurs? Failure celebrated Failure celebrated Individual success celebrated & rewarded Individual success celebrated & rewarded Change embraced—creative destruction Change embraced—creative destruction Intellectual property rights protected Intellectual property rights protected Well-developed financial system provides venture capital to start businesses and private equity to reengineer them Well-developed financial system provides venture capital to start businesses and private equity to reengineer them

14 Part 2 Kingdom Entrepreneurs Bringing economic & spiritual growth Kingdom Entrepreneurs Bringing economic & spiritual growth

15 What is Kingdom Business ? For profit business designed intentionally to facilitate God’s transformation of people and nations

16 Intentional Christian Worldview Goes beyond excellence, honesty, serving stakeholders Goes beyond excellence, honesty, serving stakeholders CWV of business includes CWV of business includes Dominion-stewardshipDominion-stewardship Gen 1:26+; Lev 25:23 Gen 1:26+; Lev 25:23 Redemptive purposeRedemptive purpose Hab 2:14; Rom 8:19-21 Hab 2:14; Rom 8:19-21

17 Signs of Kingdom Business Excellence, honesty, integrity (same as good business) Excellence, honesty, integrity (same as good business) Recognition of God’s hand on the business by everyone, including unbelievers. Recognition of God’s hand on the business by everyone, including unbelievers. Transformed lives—employees, customers, suppliers, general public. Transformed lives—employees, customers, suppliers, general public. Revival Revival

18 Global KB Movement International Christian Chamber of Commerce (ICCC) International Christian Chamber of Commerce (ICCC) Fellowship of Companies for Christ International (FCCI) Fellowship of Companies for Christ International (FCCI) C12 C12 KB training organizations KB training organizations NPIM, EquipNPIM, Equip

19 S. Truett Cathy

20 Corporate Purpose “To glorify God by being a faithful steward of all that is entrusted to us and to have a positive influence on all who come in contact with Chick-fil-A.”

21 Personal & Company History Poverty; hard work from young age 1946 started Dwarf House Grill. Work 24 x 6; closed Sunday 1967 started Chic-fil-A Unique business model—company owned stores. Young entrepreneurs with few assets can share rewards of their hard work.

22 Business Success In 2006: –1,300 restaurants in 37 states and D.C. –73 new restaurant openings –$2.275 billion in sales

23 Ministry Success Scholarship Program –Established in 1973 to encourage employees to further their education –July 2005 – Awarded 20,000 th scholarship –Awards totaling $22 Million –Today $1.2 Million awarded annually –2,138 colleges attended

24 Located on Campus of Berry College in Rome, GA it supports: WinShape College Program WinShape Camps WinShape Homes WinShape Wilderness WinShape Retreat WinShape Marriage WinShape International

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26 David Steward Founder & Chairman

27 World Wide Technology Inc Leading systems integrator providing technology & supply chain solutions Value added reseller of IT products & services E-commerce portal for procurement Vendor managed inventory services for Dell

28 Preparation for Success Mother warned against being bitter or resentful Saw faith in action in the home Learned principle of sowing and reaping “It was clear in my mind that my belief in God, coupled with the desire to work hard and serve others, meant I was destined to succeed.”

29 Timeline of Success Ten years in sales at 3 Fortune 500 companies 1990: Founded WWT, 7 employees, $800K sales 1998: $200M sales; Ernst & Young Entrepreneur of the Year Award 2005: $1.8B sales; 900 employees; Cisco federal direct VAR of year

30 Principles for Success Good leadership is love – "I love my employees and show them through my actions." Blessed to be a blessing – serving others and doing good for others is the bottom line.

31 Perspective on God’s Role Gives credit to teachings of Bible & to God “Looking back to 1990, it was nothing short of a miracle.” Sees company as his ministry Taught Sunday school that became Doing Business by the Good Book

32 Michael Cardone, Sr. Cardone Industries

33 World’s largest privately-owned auto-parts remanufacturer 1970, Michael Sr. & Jr. start in North Philadephia row house with six people 2007 est. sales $400 million 4,000 employees

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35 Part 3 Victory Pursuing God’s calling in God’s way Victory Pursuing God’s calling in God’s way

36 Faces of Victory Joseph, Daniel—God promotes Joseph, Daniel—God promotes Joshua, Gideon—God fights Joshua, Gideon—God fights Esther, Nehemiah—God favors Esther, Nehemiah—God favors Prophets, Job—God allows suffering Prophets, Job—God allows suffering

37 Principles of God’s Victory Victory comes after maturing trials Victory comes after maturing trials Even the righteous suffer. Pain produces empathy for others Even the righteous suffer. Pain produces empathy for others Attitude should not depend on circumstances—Phil 4:12, Hab 3:17-18 Attitude should not depend on circumstances—Phil 4:12, Hab 3:17-18 Relationship with God is victory Relationship with God is victory God blesses those who obey Him Deu 7: 11-15 God blesses those who obey Him Deu 7: 11-15

38 Preparation: Time & Setbacks Why can’t you get started? David Why can’t you get started? David Have you wasted your best years? Joseph Have you wasted your best years? Joseph Are you past your prime? Moses Are you past your prime? Moses Has your vision died? God’s people Has your vision died? God’s people

39 From Preparation to Action For the reckless For the reckless Listen, weigh, waitListen, weigh, wait For the hesitant For the hesitant Overcoming doubt, fear, inertiaOvercoming doubt, fear, inertia

40 Business Systems

41 Questions facing Starting Entrepreneurs Which business idea to pursue. Which business idea to pursue. Choosing the best business model Choosing the best business model What part of value chain to doWhat part of value chain to do Partnering—with suppliers, customers, competitorsPartnering—with suppliers, customers, competitors Getting the right people on the bus Getting the right people on the bus Getting customers Getting customers Financing the business Financing the business

42 You’ve Launched. Now What? Dynamic planning & implementation Dynamic planning & implementation Guidance system: stay locked on your calling Guidance system: stay locked on your calling Pitfalls of taking care of yourself first Pitfalls of taking care of yourself first The power of caring for others (Matt 25) The power of caring for others (Matt 25) Prayer & intercession Prayer & intercession Humility—I can do all things through Christ who strengthens me. Ask for help—from God & others. Give credit where due. Humility—I can do all things through Christ who strengthens me. Ask for help—from God & others. Give credit where due.


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