New Capital
Businesses need capital to survive, just like people need blood. Capital is the Lifeblood of business. Cash is always critical, but when it is hard to find, we must optimize other resources, like time and relationships.
Time Capital:
Time changed during the pandemic. We no longer had commutes, travel, interruptions at the office or social commitments. Home became the setting of a drastically different work rhythm.
Now as we enter the next phase, we need to stay conscious of the new habits we formed. Which new habits squandered time? Which used it more wisely? Moving forward, we have the chance to reevaluate our routines and reboot our schedules in order to achieve optimal results.
Relationship Capital:
The pandemic has brought on a period of greater vulnerability and intimacy. As a result, relationship boundaries have become more malleable. This gives us a unique opportunity to make new connections.
We need to think creatively about collaboration, bartering and resource-sharing. We need to create value beyond money. Sources of Relationship Capital are right under our noses — family, friends, faith community, strategic partners, even competitors.
"Keep your lives free from the love of money and be content
with what you have, because God has said,
'Never will I leave you; never will I forsake you.'"
Hebrews 13:5
Step Strong!
When Time and Relationship Capital become the new Gold Standard, we'll find that the more we put our capital into play, the more it increases.
Action Idea
Create a "More and Less" strategy using the questions below.
Questions for Reflection and Journaling
In each of the Lifeblood elements — Time, Money and People — how can you improve your capital position?
What can you do more of in each area? What can you do less of?
During the 2008 Recession, Sam wrote a devotional about his experiences, called 40 Profound Concepts . He is now adapting these thoughts as they relate to our current global health crisis.