What businesses are possible candidates?  A BAM project is about starting a business. The purposes have Kingdom reach, yet we must still understand that it must be setup for success as a business. We need to examine what type of business might be successful in the community. Several questions are critical to the analysis.
- What potential markets exist in the community?
- Are there critical needs within the community that are not being met, and which of those are people willing to pay for?
- Are there large business/organizations that use materials and/or services for which they are currently dissatisfied or are having difficulty procuring them locally?
Questions regarding resources are important, too.
- What talent and experience exists within the ministry team and/or church that can be applied to a BAM?
- From where might important talent be obtained?
- Does the talent God has provided match the potential business opportunities in the community?
- What resources will be needed to start and continue to run the different business options that come into view?
- What provisions are available?
- What can be achieved through donations of time and money?
- What investment will be required?
As you can see, this step in the process involves finding and checking the market viability in the community, combined with assessing the gifts and provisions that the Lord has made possible for the project.
Next time we will explore more start up issues.
Next posting is planned for Thursday, October 29, 2009.
Many thanks,
Larry |