In Entrepreneur magazine today, they have some great tips. This month magazine is Americas hot 100 fastest growing companies! Here we go:

1. Focus your energies on what makes you the most money. This limits your risk in that you’re not spreading too thin. If you allow yourself to be pulled in a zillion directions, you take away from what makes you profitable in the first place. Don’t let off-focus opportunities derail you from your main vision. In Church life it isn’t about the most money but it is about what impacts life change the most, so what deserves your focus?

2. Don’t build a business you can’t finance. This is an issue that dwarfs other issues. Access capital is vastly more important than anything and everything else. You’ve got to be very wise on how you approach your financing and secure as much startup capital as you can. It takes money to do ministry and that is a simple fact, like it or not.

3. Think Ahead. By establishing plans for dealing with production delays or problems with vendors beforehand. You’ll be able to defuse these issues quickly, without hurting your bottom line. There are simple things you can do within your own company. Once you put your contingency plans in place, they’ll protect you in the future. What future challenges and opportunities are coming your way. Be ready.

4. Don’t fear risk-manage it. Managing your risks-that is, limiting your liabilities and general exposure-keeps troubles at bay and gives you freedom to innovate. You’ve got to take those risks to expand your market, hiding from all risks, even the innovative, invigorating kind, can cause your business to get run over-which is an even bigger risk. Churches don’t grow by playing it safe.

Any thoughts?

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