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Perseverance in Business: Keep going or give up the dream?

One of the privileges I have in my consulting with family-owned businesses is to interview the founders of the business and hear their personal and business histories.  One of the questions I ask is: “To what do you attribute your financial and business success?”  The most common response across all respondents is: perseverance (In fact, I cannot remember one single interview where this wasn’t part of the answer given.)  Although each person may describe the process slightly differently, the theme is the same:  “not giving up”, “sticking to it over the long haul”, “continuing to do what we knew was right”. As I have continued to work with businesses and leaders over the past 15+ years, often walking along side of them for several years, I have been able to observe this “perseverance” displayed in various ways – some healthy, and some not so healthy.  This has led me to ask questions to try to understand when and why perseverance is beneficial and when it is not.

Perseverance Defined

One definition of perseverance is “the quality that allows someone to continue trying to do something even though it is difficult”; this essentially describes perseverance as a character quality.  A more concise, practical description I like is: “to continue despite difficulties, opposition, or discouragement.”  I prefer this definition because it describes perseverance as a process, an action, rather than a quality we may or may not possess.

Generally speaking, perseverance is viewed as a positive character quality and, in fact, is cited by numerous leaders as foundational to success:

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."  John D. Rockefeller

"Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan, 'press on' has solved, and always will solve, the problems of the human race." Calvin Coolidge

Additionally, followers of Christ are praised in Scripture when describing continued commitment to Christ in the midst of opposition and difficulties:

Therefore, among God's churches we boast about your perseverance and faith in all the persecutions and trials you are enduring. (II Thessalonians 1:4)

I know your deeds, your love and faith, your service and perseverance, and that you are now doing more than you did at first.  (Revelation 2:19)

Conversely, there are numerous negative terms for those who don’t persevere.  They are described as “giving up”, “quitting”, “admitting defeat”, and ultimately, “failing”.  But I am not sure these are fair (or accurate) terms for all situations in which a person decides to longer continue to pursue a goal.

The character qualities of faithfulness, honoring one’s word, hard work, and perseverance are clearly desirable. However, there are situations in which it is best to not persevere (that almost sounds like heresy to my Midwestern work ethic!).  There are times that “enough is enough” and pursuing a different pathway is in everyone’s best interest.

For example, was it more honorable for some pioneers to continue in their journey across the Wild West and die in the process, or to choose to only go partway and make a life where they were, even though it wasn’t their ultimate destination?  Or in today’s society, is it better to pursue a career or business goal that consumes virtually all of one’s time, emotional energy and finances (to the detriment of one’s marriage and family members’ lives) or to say, “It’s not working.  I give up.” and pursue a different path?

When to Persevere?

For many (myself included), in many business ventures and career paths, the question becomes: How long should I continue to pursue this goal, and when would it be wiser to stop?

What is interesting to me is that the character quality of perseverance can be described as a positive trait or a weakness, based on the perspective of the observer (or possibly, depending on the outcome of the continued effort.)  Phrases with a positive viewpoint include: “hang in there”, “don’t give up”, “gut it out” or “stay committed”.  On the other hand, continuing on one’s course of action can also be described as: “bull-headed”, “not willing to learn”, “foolishness”, and “idealistic”.

Generally, there has been a cultural bias toward viewing perseverance positively – and maybe justifiably so.  The natural inclination for most of us, it seems, is to give up easily (think of most children and adolescents); and we need to be trained to learn to “hang in there” and not give up.  And clearly in the business world, there has been an honorable connotation to those who “stick with it”.  This is changing, culturally, however.

The Idolizing of Instant Success

The overall culture in the Western world idolizes quick successes and really doesn’t think much of the boring, “steady as she goes”, day in / day out, plodding that characterizes much of life.  In fact, I would go so far as to say that the mainstream media and our culture generally undermines the development of perseverance.  We are enticed and become enamored with the latest instant millionaire (or billionaire) who hit it big — either through a high tech start-up, a 16 year old megastar in music, or possibly a 22 year old athlete who signs a multi-year, multimillion dollar contract.  Their instant financial success is waved in front of us like the light of a bug zapper in front of a moth.  We are drawn and mesmerized by the light, temporarily forgetting everything else we were doing prior to seeing it.  While some may try to pursue that pathway, many of us continue on our current paths -- but become discouraged and discontent when “success” seems like a distant goal for us, while others seem to reach it quickly and easily.

The Conclusion: Perseverance + Wisdom is Needed

So where does this lead us? It would be easy to conclude – “Well, you won’t be successful if you give up before you reach your goal.”  While that is often true, it is also a false dichotomy.

Some people fail because they continue to pursue a goal beyond which it is wise and they expend all of their life’s resources to do so.  Alternatively, many individuals have actually become successful because they quit pursuing their initial goal and pursued a different opportunity that crossed their path.  Perseverance, in and of itself, does not guarantee positive results.

Successful individuals combine the tenacity of “sticking with it” with wisdom and discernment.  They seek wise counsel and listen to those who have broader life experience.  They listen to the feedback from the marketplace.  They learn how to assess and manage risk.  Fortunately, and most importantly, God has promised to give us wisdom when we ask for it (James 1:5), and to lead and guide us in the ways we should go (Proverbs 3:5,6).

So, the conclusion I reach is:  Perseverance is a key character quality that is beneficial in life and which often leads to positive results.  However, other characteristics are needed in addition to perseverance to know when it is wise to keep going and when to quit.

Philanthropy in Business

The original title of this blog was “Philanthropy is Good for Business” but I struggled with this title because it sounded to me like the emphasis was on reward not on service. Yes, I do think philanthropy can be good for business but not in the traditional sense that it will bring more revenue or enhance the company’s reputation. I believe that true philanthropy changes people’s hearts, it takes the focus off themselves and turns it to the benefit of others. In an article, I read recently the author* wrote: “Our giving must point back to Christ!” and “Christians give because Christ in in them. Simple as that!” I couldn’t agree more, Christ changes who we are, He changes our heart! The life Christ lived was a life of service, a life of setting the example.

I also believe that giving starts with the leader, does he or she have a vision for helping, for improving the lives of others, sharing the love of Jesus in action? How does philanthropy align with the vision and values of the organization?

Philanthropy can take many forms but to have the most impact it must be experienced, service in action. It also doesn’t have to be grandiose, it starts in our local community. Simple activities like supporting a local mission with your gifts but also your hands. Work projects that enhance the lives of others, improve living conditions, feeding and clothing the poor.

Service to others can have lasting effect on any company. Individually it gives us a sense of self satisfaction in contributing to the better of others. It builds team unity when employees work together to help others. The lasting value is that the team recognizes that leadership has a bigger vision than profits.

At the end of the day, everything we do should reflect the love of Jesus to all we serve. Take the opportunity to share this love by praying for the people being served, share the good news of Jesus. Sharing the Gospel, reflecting the love of Christ is the greatest form of philanthropy.

“Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use it will be measured back to you.” Luke 6:38

Corporate vs Kingdom Philanthropy

Corporate vs Kingdom Philanthropy

But he who did not know, yet committed things deserving of stripes, shall be beaten with few. For everyone to whom much is given, from him much will be required; and to whom much has been committed, of him they will ask the more.                                                                                                             - Luke 12:48

How can we leverage corporate social responsibility for the Highest good?  How do we extend our philanthropic initiatives from merely building up a company to building up the Kingdom of God?  How do we pursue Kingdom philanthropy?

The Divine Situation Analysis

The Divine Situation Analysis

Now may the Lord of peace Himself give you his peace at all times and in every situation. The  Lord be with you all.       - 2 Thessalonians 3:16 (ESV)

How do you meet the needs of your market?  What are the internal strengths and weaknesses and external opportunities and threats impacting your business?

These questions are generally addressed in the section of your business plan called the situation analysis.  This section is also sometimes referred to as the situation assessment, market analysis, competitive analysis, or industry outlook.  It is the part of your business plan that includes your qualitative and quantitative research.

The Habakkuk Guidelines: 8 Steps For Imparting Your Vision

Then the Lord answered me and said: “Write the vision and make it plain on tablets, that he may run who reads it. For the vision is yet for an appointed time; But at the end it will speak, and it will not lie, though it tarries, wait for it; because it will surely come, it will not tarry.” - Habakkuk 2: 2-3 (NKJV)

 

 What’s vision has God given you for your business?  How can you ensure that your team members understand the vision?

 

We know that the word vision is generally defined as the power of seeing; discernment; something seen in the imagination, in a dream, or in one’s thoughts. A vision statement  describes the long-term aspirations of a company and offers direction for the organization by encouraging behaviors that are consistent with the achievement of the corporate mission.

Mission vs. Vision

A mission statement communicates what an organization is doing and a vision statement communicates where it is going.  Your mission and vision statements should not be mutually exclusive. Accomplishing one should not preclude achieving the other. Both should be able to coexist. Your vision statement should describe a state that is a natural progression to a Higher level of excellence from the core business focus embodied in your mission statement.

 

Just as God reveals His mission for us, He will also reveal His vision for our lives and businesses. Vision originates from God (Acts 2:17; Ezekiel 11:24-25). The Bible says that “where there is no vision, the people perish” (Proverbs 29:18, KJV). All of us must have a goal that is meaningful and exquisite to strive for—a dream, a vision.

 

 The 8 Steps

 

The book of Habakkuk provides excellent guidelines and practical principles for putting your God-given vision into action. Let’s begin with Habakkuk 2:2-3, where God provides detailed instructions for imparting your vision. For instance, He says that your vision is:

  1. To be written down or recorded (v.2).

  2. To be made plain so that others can understand it (v.2).

  3. To be shared with other individuals (v.2).

  4. For motivating others toward a common goal (v.2).

  5. To be acted on or implemented (v.2).

  6. For a specific time in the future (v.3).

  7. Not to be discarded (v.3).

  8. Fail-proof (v.3).

 

Follow the above steps and principles as you as you identify, design, and communicate your vision.  And, do not be overwhelmed if God gives you a vision that the world has not yet seen.

 

When God gives the Vision, He also offers the Provision

 

Be encouraged!  When God gives you the vision, He also gives you the provision that you need to accomplish them (Psalm 37:5). He will give you all of the necessary resources—both tangible (e.g., professional contacts and financial resources) and intangible (e.g. grace and favor)—to make what you envision a reality.

 

When God gives us a vision, He not only supplies the provision, but He actually goes ahead of us to prepare a way for us to accomplish His will (Exodus 23:20; Matthew 11:10; Isaiah 45:2-3). Just as God strategically placed a mysterious man to help Joshua lead the children of Israel (Joshua 1:1-9; 5:13-15), He will also go ahead of us to place people and resources to help us on our journeys.

 

Just as “Jesus increased in wisdom, stature, and favor with God and men” (Luke 2:52, NKJV), the same can and will happen for you and me. Trust God’s infinite provisioning and allow the Spirit of God to work through you (Matthew 10:19-20).

 

Whatever God calls you to do, pursue it wholeheartedly with the confidence that you will achieve it “for He who promised is faithful” (Hebrews 10:23, NKJV; Numbers 23:19). As Jesus says, “Because of your faith it will happen” (Matthew 9:29).