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Business by the Book: Finance (Giving (Giver benefits more (Increase in…
Business by the Book: Finance
Debt
Avoid unnecessary borrwoing
Be careful about presumption
No one knows the future
Debt is often incurred upon the premise that things will go on in the future as they are today
Two potential dangers
Prevent you from thinking harder about your problems
Cash flow
Growth
Allow you to delay necessary decisions
False sense of security
Allows out-of-control problems
Extending credit
Be careful!
Have a process of evaluating credit-worthiness
Two principles
Limit it to those who are faithful
Do not extend it to people who will be damaged by it
Giving
"can" vs "will"
Avoid a "tit for tat" mentality
Giver benefits more
Increase in intimacy with God
Increase in heaven
Increase on earth
Increase of enrichment in company culture
Consider if you have the gift of giving