Biblical principles for an entrepreneur’s finances

Abstract

Within the universities and precursor organizations of economic development, entrepreneurship is promoted, teaching techniques and tools that seek to increase people’s chances of success when starting a business. One of the most important aspects to consider in any business entrepreneurship is the financial aspect. For this reason, financial techniques and tools are taught that allow determining the economic and financial viability of any business project. In financial matters, they focus mainly on technical aspects, which have to do with budgets, sales and cost projections, financial statements and financial evaluation tools. However, there is another source of wisdom and absolute truth that today is disdained and even disqualified, this source is the Bible. It contains an endless number of practical principles that would be valid to adopt when establishing a business. In this sense, every business requires money to start, operate and maintain itself over time; therefore, this work analyzes three aspects that every entrepreneur must take into account regarding money: the first is the right to possess it, the second is how it is seen, and the third is the way in which it is used; these principles are analyzed through the Bible in the “New living translation” version (Biblia Vida, 2023).