Class 1: KEP 101 Kingdom Entrepreneurship September 13, 2023 1 Overall Course Objectives A. To establish Biblical teachings on business and finance. B. To inculcate kingdom virtues and cultures into every student. C. To show students a blueprint of the believer's role in the business sector and God's expectations. 2 Materials ● Bible ● Apostolic Entrepreneurs by Les D Crause ● Rediscovering the Kingdom by Myles Munroe ● Case Study - The Parable of The Talent 3 Lesson Objectives To understand and define key terms that are foundational to Kingdom Entrepreneurship 4 Introduction and setting course expectation 10 mins ● ● ● Questions and Responses 30 mins 7 mins 15 mins Definition of Key Concepts Understanding Kingdom Entrepreneurship Examining School of Thoughts 5 Lecture 6 Defining Key Concepts 1. The Kingdom a. Epistemology b. Structure and Elements c. Christian Kingdom concept 7 ● Political: A kingdom is a territory or country ruled by a monarch. The monarch is usually a king or queen. The monarch is the head of state and government, and they have supreme authority over the kingdom. ● Biology: A kingdom is one of the highest taxonomic ranks, or the most general taxon used in classifying organisms. ● Religion: In some religions, such as Christianity and Islam, the kingdom of God is a spiritual realm that is ruled by God. It is believed that the kingdom of God will eventually come to Earth, and that it will be a place of peace, love, and justice. The Kingdom EPISTEMOLOGY *Epistemology is the branch of philosophy that studies the nature, origin, and justification of knowledge. 8 Structure of Biological Kingdom & Types of Political Structure Biological Kingdom Tree Types of Political Structure 9 ● A territory or landmass: A political kingdom must have a territory or landmass that it controls. This territory can be large or small, but it must be a distinct and identifiable area. (Psalm 24:1) ● A government: A political kingdom must have a government that exercises authority over the territory. This government can be a monarchy, a democracy, or another form of government, but it must have the power to make and enforce laws. ● A population: A political kingdom must have a population of people who live in the territory and are subject to the government's authority. The size of the population can vary, but there must be enough people to support the government and the economy. The Kingdom STRUCTURE AND ELEMENTS *Understanding the structure, and some common elements within every political kingdom 10 ● A border: A political kingdom must have a border that separates it from other political entities. This border can be natural or man-made, but it must be a clear and identifiable line that marks the limits of the kingdom's territory. ● A currency, economy and commerce: A kingdom must have a currency that is used to facilitate trade and commerce within the kingdom. It must also have it’s economic systems and structure to facilitate the transfer of value and essential commodities. ● A Constitution and Law: A political kingdom must have a legal system that establishes the laws and the procedures for enforcing those laws. The legal system can be based on common law, civil law, or another legal tradition, but it must be a system that provides for the fair and impartial administration of justice. The Kingdom STRUCTURE AND ELEMENTS *Understanding the structure, and some common elements within every political kingdom 11 THE CHRISTIAN’S KINGDOM CONCEPT What comes to your mind when you hear The Kingdom of God? 12 QUESTIONS The Kingdom CHRISTIAN KINGDOM CONCEPT *Understanding the Biblical Concept of Kingdom. The Kingdom of God, and the Kingdom of Heaven. Is the Kingdom of God a place, an event, an influence, an election victory or a political takeover? 13 The Kingdom CHRISTIAN KINGDOM CONCEPT In Christianity, the kingdom of God is: A. A spiritual concept and not a carnal concept. (Luke 17:21 NIV) B. The rule and reign of God as King (Rev. 11:15) C. It will eventually come to Earth (2 Pet 3:13) D. It is a delegated Kingdom of a King and kings (Gen. 1:26) *Understanding the Biblical Concept of Kingdom. The Kingdom of God, and the Kingdom of Heaven. 14 The Kingdom CHRISTIAN KINGDOM CONCEPT *Understanding the Biblical Concept of Kingdom. The Kingdom of God, and the Kingdom of Heaven. The Kingdom of God is the rulership and reigning of God on earth, in and through men who have been redeemed, in order to spread his life and nature to touch EVERY FACET OF HUMAN ENDEAVOUR with a view to redeem all things to Himself and get the Glory for Himself. 15 The Kingdom CHRISTIAN KINGDOM CONCEPT *Understanding the Biblical Concept of Kingdom. The Kingdom of God, and the Kingdom of Heaven. Values of the Kingdom: ● Love ● Peace ● Justice ● Mercy ● Forgiveness ● Compassion ● Kindness ● Humility ● Service ● Stewardship 16 Defining Key Concepts 2. Entrepreneurship a. b. c. Enterprise Entrepreneur Entrepreneurship 17 Entrepreneurship Enterprise *Understanding the basic concept of an enterprise The word "enterprise" in the context of business, refers to an organization with various working parts, typically one that is involved in commercial activities. Enterprises can be either for-profit or non-profit, and they can range in size from small businesses to multinational corporations. 18 An Enterprise An Enterprise 19 Entrepreneurship Enterprise *Understanding the basic concept of an enterprise Here are some of the key characteristics of an enterprise: ● It is an organization with multiple working parts. ● It is typically involved in commercial activities. ● It can be either for-profit or non-profit. ● It can range in size from small businesses to multinational corporations. ● It has a clear mission and goals. 20 Entrepreneurship Enterprise *Understanding the basic concept of an enterprise Here are some of the key characteristics of an enterprise: ● It has a well-defined organizational structure. ● It has a team of employees who are committed to achieving its goals. ● It has a system of processes and procedures that are designed to achieve its goals efficiently and effectively. ● It has a culture of innovation and risk-taking. ● It is constantly evolving and adapting to change. 21 Entrepreneurship Entrepreneur *Understanding the core meaning of who an entrepreneur is and what s/he does. An entrepreneur is a person who organizes and manages a business venture (or an enterprise), taking on financial risks in the hope of profit. The word "entrepreneur" comes from the French word "entreprendre", which means "to undertake". In the context of business, an entrepreneur is someone who takes the initiative to start a new business, typically by identifying a need or opportunity and then developing a plan to meet that need or exploit that opportunity. 22 There are many different types of entrepreneurs, but some of the most common include: Entrepreneurship ● Start-up entrepreneurs: These are entrepreneurs who start their own businesses from scratch. They typically have a vision for a new product or service and are willing to take the risks involved in bringing it to market. ● Franchise entrepreneurs: These are entrepreneurs who buy a franchise from an established business. This gives them the opportunity to start their own business without having to develop the product or service from scratch. ● Angel investors: These are entrepreneurs who invest their own money in start-up businesses. They typically do this in exchange for a share of the business. ● Venture capitalists: These are investors who pool money from other investors to invest in start-up businesses. They typically look for businesses with high growth potential. Entrepreneur *Understanding the core meaning of who an entrepreneur is and what s/he does. 23 Entrepreneurship Entrepreneurship *What then is entreprenuership. Entrepreneurship is the process of creating a new business or business venture, typically by identifying a need or opportunity and then developing a plan to meet that need or exploit that opportunity. It is the act of being an entrepreneur, or the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits. Entrepreneurship is often seen as a risky venture, but it can also be very rewarding. Entrepreneurs typically have a strong drive to succeed and are willing to take risks in order to achieve their goals. They are also often creative and innovative, and they are able to see opportunities that others may not see 24 Entrepreneurship Entrepreneurship Key characteristics of entrepreneurship: ● Innovation: Entrepreneurs are always looking for new ways to solve problems or meet needs. They are not afraid to take risks and experiment. ● Creativity: Entrepreneurs are able to see opportunities that others may not see. They are also able to come up with new and innovative solutions to problems. ● Drive: Entrepreneurs are driven to succeed. They are not afraid of hard work and they are willing to put in the hours to make their businesses successful. ● Risk-taking: Entrepreneurs are willing to take risks. They know that there is no guarantee of success, but they are willing to take the chance. ● Leadership: Entrepreneurs are natural leaders. They are able to motivate and inspire others to follow their vision. *What then is Entrepreneurship. 25 Homework 26 Homework Make a brief but concise submission (your own opinion) on the following concepts: 1. 2. Kingdom Entrepreneurship Stewardship 27 Next Class Examine different historical school of thoughts on the subject of God’s Kingdom and Entrepreneurship, Commerce and Money. Instructional concepts on how to be an astute Kingdom Entrepreneur 28 End, Thank You. 29