MoneyWise Live


The Faith-Based Business with Jim Wise

February 8, 2019

Hobby Lobby and Chick-fil-A are examples of large, well-known Christian-owned companies. They make no apologies for their faith and in fact are quite outspoken about it. Should all Christian business people follow their lead?  There’s more to running a faith-based business than hanging a Bible verse on your wall or putting a fish on your business card. Our host Rob West discusses that with Certified Financial Planner Jim Wise.  Spoiler alert— you’ll find it interesting even if you don’t own a business. Our guest today comes from another great Christian business— Ronald Blue Trust— where he’s a senior partner. He’s also written a couple of books, Five Steps to Financial Freedom and Spiritual Gifts, Plain and Simple. 

Rob discusses these topics with Jim:

  • You work with an overtly Christian company and have counseled many Christian business owners. What do they have in common?
  • We live in a culture today where Christianity is marginalized— if not banned— in the public space. What special challenges does that create for Christian business people?
  • Too many Christians it seems logical that, if an operation is run according to biblical principles, it just makes sense to do business with that company – whether the customer is a Christian or non-Christian. But that doesn’t always appear to be the case. Why do you think that is?
  • In your experience with Christian businesses over the years, would you say that many or most consider it their responsibility to be overt in the marketplace about their faith convictions? If not, should they?
  • How would you suggest a Christian in business decide whether they should be overt, covert or something in between?
  • What are some of the advantages to a Christian business owner being more overt about their faith convictions and their commitment to operating the business according to biblical principles?
  • Some would argue, given the cultural shift you mentioned earlier, that it can actually be a disadvantage for a Christian business owner to be overt about their faith commitment. What are some possible disadvantages the business owner should be prepared for when being overt about their biblical convictions?
  • How important is it then to practice biblical principles in all aspects of the business— not just the public face?
  • For Christian business owners who are committed to being overt about operating according to biblical principles, how would you suggest they start that conversation with prospective clients and vendors? 
  • We mentioned that there’s more to being an overtly Christian business than just hanging scripture on the wall. There’s nothing wrong with that, of course, and it’s been a great starting point for many Christian business owners. Whether the business’ foundational verse is hung on the wall, part of the mission statement or just shared and reinforced internally to guide the employees, is there a particular verse that you think is ideal for a Christian business owner?

Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:

  • How do you balance the need to reach the secular world while keeping within Biblical principals?
  • If it seems everyone wants your Social Security number, how do you know who to give it to?
  • Is it legal for your mortgage lender to give your financial information to other institutions?
  • If you pay your annual homeowner's insurance without the use of an escrow account, should you open an online savings account to accumulate funds for this or is that safe?

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