Developing Business Sense
Wisdom is one of the most fundamental ingredients in business. Wisdom is needed in the choices and decisions you make in business, in your dealings and relationships with people, in your planning and in the way you handle profits and losses.
The whole process of business begins with a decision, the choice of what kind of business you want to engage in. Choices are not just made for the sake of it. They need to be made on the basis of need and analysis. For instance, the fact that someone else is prospering in a particular business is not a guarantee that you will equally prosper if you venture into the same business. There are varying factors and circumstances at play from environment to environment, from individual to individual and from business to business. You need to wisely and frankly ask yourself the following questions: Do I have any interest in the particular business? Is it something that I can have passion for? How much competition exists in the business, and what chances do I have of being ahead of my competitors? How much knowledge do I have about the business? What are the short-term and long-term potentials of the business? What can I do differently in the business? How much of my time and energy will the business require, and how much of those will I be able to invest in it? These and several other questions are what a wise businessperson should bear in mind before making the choice of a business venture.
In applying wisdom, certain ingredients are needed, including DILIGENCE, COMMITMENT, and HUMULITY. To be diligent in business, you have to be persistent. You also have to be detailed and meticulous in keeping records so as to make reviews periodically. You cannot afford to be lazy. You must make conscious, deliberate efforts to be vibrant; your carriage must be befitting of a businessperson; you must dress smart, and your composure and comportment must exude confidence. Be professional and sharp in your approach to business. As Kris Jenner said in the New York Times, “… Unless you are willing to work really hard and work for what you want, it’s never going to happen”. It takes wisdom to embrace and apply this principle.
Also, be committed! Commitment is the secret of success in business. It takes a committed person to stick to a goal in spite of obstacles and drawbacks. It is commitment that gives you the drive to keep going until the goal is achieved.
Humility earns you favor and opens doors of businesses prosperity to you. God resists the proud and gives grace to the humble. You do not have to be told that you need God’s grace to run your business. Pride and arrogance are qualities of a foolish businessperson.
Wisdom, when properly and judiciously applied, is profitable, especially when that wisdom is hinged on knowledge, information or revelation. In your business, wisdom does not only make you profit, but it also guarantees you an easy business experience. Only the God-given kind of wisdom will take you to the top in your business, for the word of God says: “Through wisdom is a house built and by understanding, it is established” Proverbs 24: 3.
Be Wise in Business!