Resources/ Mentions:
John Deere Company - www.deere.com
NOTES FROM OUR PREVIOUS EPISODE (E10) ON THE BASICS IN VALUE CREATION:
Value creation comes at a cost but allows us as a value creator to use our gifts and to serve and bless others in our community.
As we consider how we will create value we need to be looking at ourselves as either a steward of God's resources or a storehouse for his resources. As we steward, we manage, invest and give away God's resources and as a storehouse we hoard and stockpile what is intended for others.
PREPARATION:
Some key questions to ask yourself as you prepare to put money at risk:
1 . Are you able to produce value and produce it consistently?
2. Who is the recipient of that value and is the market proven?
3. Have you done your due diligence with your family's financial safety to then put money at risk?
4. Having done your due diligence with your family's financial safety, are you operating at 70% of your income - giving, saving and investing the other 30%.
5. What is your proximity to the market you wish to invest in? Do you know your product and market well?
THE 3 G'S of VALUE CREATION:
GROUND - what does the landscape and narrative look like for the market and product you wish to invest in?
GAP - is there a proven gap in the market where your product can sit? are you securing a need for a consumer base? how stable is the supply chain for the product you wish to produce? Is there is a proven and growing consumer base for your product?
GIFTS - where do your gifts lie? Do you like to work with your hands on rentals or read balance sheets of companies you want to invest in?
ANCILLARY QUESTIONS:
- what does your margin look like to do research into a market and product?
- is your job and income stream stable?
- is your spouse involved in the decisions to put money at risk? do you agree on the risk levels?
- what is your timeline to begin risking capital? what is your timeline to be paid back from an investment?
- do you have a fiduciary who has walked you through your safety plan? your legacy plan?
VALUE CREATION is about serving and blessing people. It's not about the money - it's about expanding the Kingdom of God and reaching people with your resources.
Contact:
Jay Bryner - jay.bryner@gmail.com
PW Gopal
pwgopal@pwgopal.com
pw.gopal@thebluecollarmoney.com
thebluecollarmoney.com
pwgopal.com
** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below. We promise we will put the funds to good work and honor your investment.
pw.gopal@thebluecollarmoney.com
