Vaulting Towards Success

When I was in high school, one of my greatest passions was the pole vault. My grandfather had jumped back in the days of bamboo poles and landing areas filled with sand, and apparently the desire to launch yourself into the air is hereditary. When I was too young to jump myself, I had the opportunity to watch my older brother compete in high school meets. I enjoyed those days, but watching alone was simply not able to fufill the longing inside.

After years of waiting impatiently, I finally hit my high school years and it was my turn to try out for the track team. I was originally told by the track coach that I was "too small" to compete in the pole vault. Apparently 4 feet, 10 inches and 92 pounds (soaking wet) is not the ideal body type for such an event. However, rather than letting his negative assessment discourage me, I turned the coach's words into fuel to ignite my pursuit to be successful in the sport that I had grown to love.

I eventually went on to win the section championship, made the front page of the sports section, and earned an athletic scholarship to Oral Roberts University where I was 2nd team all-conference in my 1st year. But this post isn't about me....OK, so it's totally about me, but indulge this has-been for just a second.

The pole vault is an intricate collection of motions that when done properly can help elevate you to extraordinary heights. There are a lot of parallels between the different steps in a successful vault and achievement in the business world. Over the next few blog posts, I'm going to share a few of those powerful business lessons with you. But before I do, if you've never actually seen someone pole vault, watch this very brief video so you get an idea of what I'm talking about.



1. Make sure you're on the right track

If you've ever been to a track meet, you've undoubtedly noticed that there are numerous events going on at the same time. At one end of the field you will have the high jumpers competing, and perhaps a long distance race or sprint event will be happening on the oval track itself. At the opposite end of the field you will have the pole vaulters and long jumpers often competing right next to each other, and many times there is a competition going on between javelin or discus throwers in a totally seperate area.

If you decide to pole vault, you had better make sure that you are on the right runway, because each area is specifically designed for its unique purpose. Only the pole vault area has a metal plant box in the ground for the pole to land in, as well as a very large set of mats for you to land on when you get done falling from 16 feet or more. If you're not on the right track, moving in the right direction, the results could be disastrous.

This is also true when it comes to your entrepreneurial endeavors. If you make a decision early on to move in a certain direction, and it's not really the plan that God has for you, the results can be less than ideal. The business world has a warning that "When you're climbing the corporate ladder, make sure that it's leaning against the right wall." You would hate to get to the pinnacle of what those around you consider succes, only to realize that it's not where you wanted to be.

The same wise advice applies to entrepreneurs and small business owners. When you start a new business, make sure you have a deep passion for the product you will be selling or the service that you will be providing. All too often, entrepreneurs will join a partnership, or open a business or franchise based solely on the potential profits. It's not until many years and many thousands of dollars later they realize that they absolutely despise what they're doing.

Everyone has that thing deep down inside of them that they know they were called to do. Your eyes light up and your heart burns every time you stop to think about it. For me, it's raising up and equipping Christian entrepreneurs. For you, it's something totally different. Whatever it is, put your efforts and energy towards learning how to help others through your passion, and monetize it for your own financial gain and security. It's there in that place that you will find true fulfillment as an entrepreneur in God's great Kingdom. What are your thoughts? I'd love to hear what you have to say on the topic. Let me know by commenting below. And stay tuned to this blog or your e-mail box for part 2 of "Vaulting Towards Success".

The Power of Passive Income

In 2005, Robert Allen released the New York Times bestseller entitled, “Multiple Streams of Income”. Though it was not an entirely new concept, the book certainly put a spotlight on the need for investors and entrepreneurs alike to focus on the creation of multiple revenue streams. However, as I pointed out in Part 2 of this series, many small business owners found that their pursuits for additional income only led them into a trap of creating 2 or 3 full time jobs for themselves. These hardworking individuals never saw the blissful ending they so earnestly desired because they didn’t understand which type of income they should be pursuing.

There are 2 major types of income: active income & passive income. Active income is defined as income that we derive from services actually performed. Another very technical term for active income is something referred to as, well…WORK! Most people consider it a 4-letter word, and one of life’s necessary evils. While it may be considered evil by some, it’s certainly not all that necessary. That is, if you are able to implement an effective strategy to create income that’s independent of your personal involvement.

Hard work is the backbone and foundation for any new business or entrepreneurial endeavor. Most start-ups require a great deal of time, energy and patience to get them off the ground. Unless you are fortunate enough to have incredibly deep pockets, the beginning weeks and months of your start-up will certainly be a grind. God-willing, you will eventually begin to make better money, and the business will start to experience success. That’s when you will come to a major crossroads in your organization. The decision you make at this juncture is imperative, with the answer paving the way to either a life of freedom or one of hard labor.

Passive income is defined as earnings an individual derives from a rental property, limited partnership, or other enterprise in which he/she is NOT ACTIVELY INVOLVED. The biggest preventer of “going passive” with your business is known as Parkinson’s law. The more we make, the more we have a tendency to spend. If we make the mistake of consuming all our profits, it leaves nothing for business development or the hiring and LEVERAGING of other people’s time and talents, which is the key to passive income. Too many entrepreneurs stop at a good income, satisfied to make ends meet, and possibly even attain a few nice things. Most never create a strategy to take a good income and make it great (primarily by making it passive) so they can focus their “active” time on another income stream or perhaps one of life’s other passions.

The parable of the talents is a great Biblical example of passive income in action, as the master earned a 100% rate of return by simply placing the responsibility in the hands of a capable assistant or employee to manage his business and finances. That should be the goal for each and every Christian entrepreneur. Create a business in an area you love, make a short-term sacrifice to create massive income, turn the income passive and then go fulfill your divine call. Whether God’s will for you is to open more businesses, go to the mission field, volunteer at your church or work at a homeless shelter, you need to have the freedom to go and do without the pressure of finances and the day to day work of your business. That’s the freedom that passive income provides and it gives you the power to do as you feel led, not as you feel forced to do to survive.

Other Related Posts:

Multiple Streams of Income, Part 1
Multiple Streams of Income, Part 2

Take Action on Your Promise

When I was in Bible school, it seemed like I was always fasting. Sometimes it was just a day, sometimes 3 days, and every once in a while it would be longer. In fact, I ate so little that when I first met my wife I only weighed 121 pounds. At first glance this may sound extremely spiritual, but most of the time I was on what I liked to call, "forced fasts". I wasn't avoiding food because of some deep, intimate encounter with God, but because I just couldn't afford it.

During one of these "forced fasts", I was in the middle of a break between Bible classes and I had an amazing craving for a soda. Sadly, I didn't even have enough money at the time to buy one, as every spare penny had gone into my gas tank to get me to school.

While I was wandering around the campus, I felt one of the strongest unctions in my spirit up to that time, and the Holy Spirit was telling me that God was going to give me a soda. As strange as it may sound, it was one of the most powerful spiritual encounters of my life. God was teaching me something about provision and blessing, and it's a moment I remember vividly some 12 years later.

I knew I had to do something, to take some kind of action to show that I truly believed this word He had deposited in my heart. I wasn't going to just walk around in an empty field waiting for something to drop out of the sky. I had enough sense in me to realize that God uses other people to bring blessing and provision into our lives.

So, I started marching (and praying) across the parking lot towards the school cafeteria, with all of the passion and zeal of a young Bible school student. I was high on faith, and I knew beyond a shadow of all doubt that somehow, someway...God was going to give me a soda.

As I entered the crowded vending machine area, I had no clue what was going to happen, or how this promise would be fulfilled. I just knew it was going to happen. I walked up to the soda machine without a penny in my pocket, but with full assurance that I was about to get a drink. Willing to look foolish for Jesus, I lifted my finger up and started to push the button on the machine, though I had not placed even a nickel in the slot. Just as I did, a young man at the table behind me yelled over the noise of the crowded snack room, "Hey man, you want a soda?"

I turned around and there it was, an ice cold can of carbonated, caffeinated sugary goodness...free of charge. Apparently this fellow student of mine had accidentally hit the wrong button when buying his own, and so he just so happened to have an extra one that he didn't need...the exact second that I walked up.

What would have happened had I just hid myself in a prayer closet and tried to "faith it in"? I'm certainly not implying that faith is unimportant, but what I am saying is that faith without works is dead. When God gives you a promise, he expects you to TAKE ACTION & begin making preparations for the fulfillment of that promise. It's an act of faith that shows you truly believe he is going to do what He said He will do.

Has God recently given you a promise about your finances or your business? What have you done to get prepared for its fulfillment? I'd love to hear your story below.