• An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business.

What is

Entrepreneurship?

Why People

Become

Entrepreneurs

Being your Own BossBeing your Own Boss– Self-management is the motivation that drives Self-management is the motivation that drives

many entrepreneurs.many entrepreneurs. Financial SuccessFinancial Success

– Entrepreneurs are wealth creators. Entrepreneurs are wealth creators. Quality of LifeQuality of Life

– Starting a business gives the founder some Starting a business gives the founder some choice over when, where, and how to work.choice over when, where, and how to work.

God’s designGod’s design– Sabbath commSabbath comm

Why

Entrepreneurship?

THE SABBATH – A THE SABBATH – A CALL FOR CALL FOR

ENTERPRENEURSHIENTERPRENEURSHIPP

It is time we looked at the 4It is time we looked at the 4thth Commandment Commandment

Remember the sabbath day, to keep it holy. 20:9Six days shalt thou labour, and do all thy work: 20:10 But the seventh day [is] the sabbath of the LORD thy God: [in it] thou shalt not do any work, thou, nor thy son, nor thy daughter, thy manservant, nor thy maidservant, nor thy cattle, nor thy stranger that [is] within thy gates: 20:11 For [in] six days the LORD made heaven and earth, the sea, and all that in them [is], and rested the seventh day: wherefore the LORD blessed the sabbath day, and hallowed it.

Work is looked upon Work is looked upon by many as by many as demeaning fit only demeaning fit only for those people for those people who have not made who have not made it in life. This is not it in life. This is not as God intended it. as God intended it. God intended work God intended work to be a restorative to be a restorative remedy. The idea of remedy. The idea of work being menial is work being menial is not resident in God. not resident in God.

A life of “toil and care (was) A life of “toil and care (was) appointed for his good as part of the appointed for his good as part of the training needful in God’s plan for his training needful in God’s plan for his up lifting from the ruin and up lifting from the ruin and degradation that sin has wrought.” degradation that sin has wrought.” Steps to Christ, 9Steps to Christ, 9

GOD DESINED WORK FOR OUR GOD DESINED WORK FOR OUR GOODGOOD

The fourth commandment tells The fourth commandment tells us that work is part of our human us that work is part of our human story. In fact God has given us story. In fact God has given us more days to work than rest. more days to work than rest. Like tithe, the Sabbath is just a Like tithe, the Sabbath is just a small fraction of time he claims small fraction of time he claims His own while surrendering the His own while surrendering the rest to us.rest to us.

NO WORK, NO FOODNO WORK, NO FOOD One who frowns at work frowns at bread and One who frowns at work frowns at bread and

butter on the table. butter on the table. To continually remind humanity of the importance To continually remind humanity of the importance

of work and need to cease from it one day a of work and need to cease from it one day a week, God included it in His seal commandment.week, God included it in His seal commandment.

The six days of the week should be employed in The six days of the week should be employed in useful labour. When God said, “In the sweat of useful labour. When God said, “In the sweat of thy face shalt thou eat bread”, He was referring thy face shalt thou eat bread”, He was referring

““To the husbandman, who must live by forcing To the husbandman, who must live by forcing from a reluctant earth food for himself and his from a reluctant earth food for himself and his family, but it applies equally to all other family, but it applies equally to all other vocations.” SDA Bible Commentary vol.1, 235 vocations.” SDA Bible Commentary vol.1, 235

The language of the quote above, The language of the quote above, suggest that nothing will be achieved suggest that nothing will be achieved without strenuous effortwithout strenuous effort. It is as we sit . It is as we sit down to plan, strategize and execute that down to plan, strategize and execute that the earth and other vocations will the earth and other vocations will reluctantly yield food and all necessities reluctantly yield food and all necessities to us. to us. The Sabbath commandment’s The Sabbath commandment’s ‘permission’ for the human race to ‘permission’ for the human race to work six days a week is a call to work six days a week is a call to entrepreneurshipentrepreneurship..

EDUCATION, 417EDUCATION, 417

““If parents neglect to turn their If parents neglect to turn their children’s energies into useful children’s energies into useful channels, they do them great channels, they do them great injury; for Satan is ready to find injury; for Satan is ready to find them something to do.”them something to do.”

If such are the benefits of work, then If such are the benefits of work, then when God says in ‘six days shalt thou when God says in ‘six days shalt thou labour and do thy work,’ He is saying labour and do thy work,’ He is saying work and be protected; work and have work and be protected; work and have your character developed. It is a call to a your character developed. It is a call to a classroom of humility and willing classroom of humility and willing cooperation with God.cooperation with God.

Moses was called from workMoses was called from work David was called from looking after sheepDavid was called from looking after sheep

We need to ask ourselves serious We need to ask ourselves serious question regarding the fourth question regarding the fourth commandment and its six days commandment and its six days working week. If every Seventh working week. If every Seventh day Adventist was keen to keep day Adventist was keen to keep the spirit of the Sabbath, would the spirit of the Sabbath, would God’s people be impoverished? God’s people be impoverished? Wouldn’t there be enough means Wouldn’t there be enough means with which to do exploits for with which to do exploits for God? God?

Would we have others excuse Would we have others excuse themselves from giving on the themselves from giving on the account of no income? Is it not true to account of no income? Is it not true to say that the reason we have no say that the reason we have no income as individuals and churches is income as individuals and churches is because we keep part of the fourth because we keep part of the fourth commandment and not all of it? commandment and not all of it?

None who are able to labor should be None who are able to labor should be taught to expect food and clothing taught to expect food and clothing and shelter free of cost. For their own and shelter free of cost. For their own sake, as well as for the sake of sake, as well as for the sake of others,... Encourage every effort others,... Encourage every effort toward self-support. Ministry of toward self-support. Ministry of Healing, 177Healing, 177

WHY PEOPLE FAIL TO KEEP THE WHY PEOPLE FAIL TO KEEP THE SABBATHSABBATH

Many Adventists find it difficult Many Adventists find it difficult keeping the Sabbath day holy keeping the Sabbath day holy because physically and mentally, because physically and mentally, they have nothing to rest from. A they have nothing to rest from. A person who has been resting all the person who has been resting all the six days of the week will find it hard six days of the week will find it hard to rest on the Sabbath because to to rest on the Sabbath because to such a question of resting has no such a question of resting has no significance. significance.

Such people tend to be too busy on Such people tend to be too busy on Sabbath to compensate for the Sabbath to compensate for the inactivity of the whole week. Solomon inactivity of the whole week. Solomon did state that “the sleep of a labouring did state that “the sleep of a labouring person is sweet.” Ecclesiastes 5:12 It is person is sweet.” Ecclesiastes 5:12 It is sweet because the body appreciates sweet because the body appreciates the need to rest and have tissues the need to rest and have tissues repaired repaired

MAN’S WORK IN SIX MAN’S WORK IN SIX DAYSDAYS

In the six days mankind is to In the six days mankind is to entrepreneur (start a small business, entrepreneur (start a small business, expand it) and force the unwilling expand it) and force the unwilling environment to yield what it has, to environment to yield what it has, to sustain our families and support sustain our families and support God’s work.God’s work.

By His own example he taught that it is By His own example he taught that it is our duty to be industrious...All should our duty to be industrious...All should find something to do that will be find something to do that will be beneficial to themselves and helpful to beneficial to themselves and helpful to others. God appointed work as a others. God appointed work as a blessing, and only the diligent worker blessing, and only the diligent worker finds true glory and joy of life. Desire finds true glory and joy of life. Desire of Ages 72of Ages 72

CRIMECRIME

It is a crime not to work and expect It is a crime not to work and expect food to come by chance.food to come by chance.

Thousands and tens of thousands Thousands and tens of thousands might be working upon the soil who might be working upon the soil who are crowded into the cities, watching are crowded into the cities, watching for a chance to earn a trifle. In many for a chance to earn a trifle. In many cases this trifle is not spent for bread, cases this trifle is not spent for bread, but is put into the till of the liquor but is put into the till of the liquor seller, to obtain that which destroys seller, to obtain that which destroys soul and body. MH 189soul and body. MH 189

REASON PEOPLE DON’T WANT REASON PEOPLE DON’T WANT TO WORKTO WORK

The reason some don’t want to The reason some don’t want to work is that they have a wrong work is that they have a wrong view of work. To them the work view of work. To them the work with honour is that of sitting with honour is that of sitting eight hours in an office. But how eight hours in an office. But how possible is it for everyone to work possible is it for everyone to work in an office?in an office?

Many look upon labor as Many look upon labor as drudgery, and they try to obtain drudgery, and they try to obtain a livelihood by scheming rather a livelihood by scheming rather than by honest toil. This desire than by honest toil. This desire to get a living without work to get a living without work opens the door to wretchedness opens the door to wretchedness and vice and crime almost and vice and crime almost without limit. MH 189without limit. MH 189

Characteristics of

Entrepreneurs

Entrepreneurial

Characteristics

VisionVision - entrepreneurs begin with an overall idea for how to - entrepreneurs begin with an overall idea for how to make their business idea a successmake their business idea a success

High Energy LevelHigh Energy Level - a willingness to work hard - a willingness to work hard

Need to AchieveNeed to Achieve - entrepreneurs work hard because they want - entrepreneurs work hard because they want to excelto excel

Self-ConfidenceSelf-Confidence - fearlessness in the face of difficult odds - fearlessness in the face of difficult odds

Tolerance for FailureTolerance for Failure - entrepreneurs are not easily - entrepreneurs are not easily discourageddiscouraged

CreativityCreativity - entrepreneurs devise innovative ways to overcome - entrepreneurs devise innovative ways to overcome difficult problems and situationsdifficult problems and situations

Tolerance for AmbiguityTolerance for Ambiguity - entrepreneurs take in stride - entrepreneurs take in stride uncertainties.uncertainties.

Internal Locus of ControlInternal Locus of Control - entrepreneurs believe they can - entrepreneurs believe they can control their own fatecontrol their own fate

Entrepreneurial

Quiz

Starting A

New Venture

Selecting a Business IdeaSelecting a Business Idea

– Find something you love to do and are good at Find something you love to do and are good at doingdoing

– Can your idea satisfy a need in the Can your idea satisfy a need in the marketplace?marketplace?

Entrepreneurs must be sure that the idea Entrepreneurs must be sure that the idea they choose has interest in the they choose has interest in the marketplacemarketplace

Business Plan

Finding Financing

Savings.Savings. Debt FinancingDebt Financing

– Credit (CEC)Credit (CEC)– Family and FriendsFamily and Friends– Bank Loans ()Bank Loans ()