How to Build Your Dream Business

Introduction

• Many entrepreneurs leave their jobs hoping to achieve financial freedom through their businesses but often end up struggling.
• The goal of this lecture is to teach how to build a dream business.
• Reference to Ecclesiastes, a book written by King Solomon, the wealthiest and wisest man who ever lived and author of various books in the Bible.

Background on Solomon

• Early life: Dedicated to serving God and pleasing people.
• Middle life: Fell into arrogance and astray practices like marrying pagan women, worshiping false gods.
• Later life: Realized errors and wrote Ecclesiastes to warn others.
• Theme of Ecclesiastes: Life under the sun is vanity and vexation of spirit, meaning emptiness and self-torture.

Dream Business is Not Everything

• Ecclesiastes warns against living solely for earthly achievements.
• Building a dream business is important but should not be the sole focus.

Key Scripture: Ecclesiastes Chapter 5:1-3

• Be intentional with words and actions.
• A dream comes through a multitude of business.
• Actions are more important than words.

Big Dream and Big Business

• A big dream is essential to building a business.
• Dreams may come from God or personal aspirations and values.
• Importance of deriving identity from God rather than societal labels.
• Use the strength of character and focus on what you value to drive your business.

Understanding Value and Business

• Business should aim at big profits and efficiency; require fewer transactions for maximum profit.
• Examples from famous entrepreneurs like Sam Walton and Jeff Bezos who focus on low margins but large volumes.
• Big profits require significant effort and dedication.

Practical Steps to Build a Dream Business

• Generate Leads: Identify potential customers.
• Conversion: Improve the number and quality of leads turned into sales.
• Offer Higher Value Services: Create premium offers.

Values in Business

• Be true to your word and actions.
• Avoid spending on appearances; focus on actual business growth.

Commitment and Confidence

• Break promises to yourself impacts confidence and credibility.
• Keep your word to yourself to maintain and build self-esteem and public trust.

Conclusion

• Building a dream business means aligning with meaningful values and focused actions.
• Stay blessed and committed to your goals.