Kingdom Entrepreneurs Changing Their World

1
Kingdom EntrepreneursChanging Their World

• John Mulford
• Regent University
• Center for Entrepreneurship

2
Overview

• EntrepreneursEngine of economic growth
• Kingdom EntrepreneursBringing economic
  spiritual growth
• VictoryPursuing Gods calling in Gods way

3
Part 1

• EntrepreneursEngine of economic growth

4
Engine of Creative Destruction

• Schumpeter Creative destruction
• Innovators Dilemmaentrepreneurs beat big
  business in innovation
• Examples of small beating big and new beating old
• Disk drives for PCs
• Biotech
• Mini-mills for steel

5
Small Business Big Part of Economy

• Small business accounts for
• 95 of business establishments
• 50-60 of employment
• 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
• 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
• 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,
  its 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 dont want to be in
  restaurant business
• In 1985, Schultz leaves to pursue his passionto
  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 destinationliving room away from home
• Atmosphere enhanced by happy employees
• Green imagefair trade coffee

12
(No Transcript)
13
Why is U.S. Hotbed of Entrepreneurs?

• Failure celebrated
• Individual success celebrated rewarded
• Change embracedcreative destruction
• Intellectual property rights protected
• Well-developed financial system provides venture
  capital to start businesses and private equity to
  reengineer them

14
Part 2

• Kingdom EntrepreneursBringing economic
  spiritual growth

15
What is Kingdom Business ?

• For profit business designed intentionally to
  facilitate Gods transformation ofpeople and
  nations

16
Intentional Christian Worldview

• Goes beyond excellence, honesty, serving
  stakeholders
• CWV of business includes
• Dominion-stewardship
• Gen 126 Lev 2523
• Redemptive purpose
• Hab 214 Rom 819-21

17
Signs of Kingdom Business

• Excellence, honesty, integrity (same as good
  business)
• Recognition of Gods hand on the business by
  everyone, including unbelievers.
• Transformed livesemployees, customers,
  suppliers, general public.
• Revival

18
Global KB Movement

• International Christian Chamber of Commerce
  (ICCC)
• Fellowship of Companies for Christ International
  (FCCI)
• C12
• KB training organizations
• NPIM, 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 modelcompany 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 20,000th 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

25
(No Transcript)
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 Gods Role

• Gives credit to teachings of Bible to
  GodLooking 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
Cardone Industries

• Worlds 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

34
(No Transcript)
35
Part 3

• VictoryPursuing Gods calling in Gods way

36
Faces of Victory

• Joseph, DanielGod promotes
• Joshua, GideonGod fights
• Esther, NehemiahGod favors
• Prophets, JobGod allows suffering

37
Principles of Gods Victory

• Victory comes after maturing trials
• Even the righteous suffer. Pain produces empathy
  for others
• Attitude should not depend on circumstancesPhil
  412, Hab 317-18
• Relationship with God is victory
• God blesses those who obey HimDeu 7 11-15

38
Preparation Time Setbacks

• Why cant you get started? David
• Have you wasted your best years? Joseph
• Are you past your prime? Moses
• Has your vision died? Gods people

39
From Preparation to Action

• For the reckless
• Listen, weigh, wait
• For the hesitant
• Overcoming doubt, fear, inertia

40
Business Systems
41
Questions facing Starting Entrepreneurs

• Which business idea to pursue.
• Choosing the best business model
• What part of value chain to do
• Partneringwith suppliers, customers, competitors
• Getting the right people on the bus
• Getting customers
• Financing the business

42
Youve Launched. Now What?

• Dynamic planning implementation
• Guidance system stay locked on your calling
• Pitfalls of taking care of yourself first
• The power of caring for others (Matt 25)
• Prayer intercession
• HumilityI can do all things through Christ who
  strengthens me. Ask for helpfrom God others.
  Give credit where due.