Week 3

This week’s learnings were all about ethics, being an honest person with integrity.

Jan Newman said, “It’s important that you get people to get skin in the game, whether it’s time, effort, salary, equity, money, they will do whatever it takes to get the business going.” When they have skin, they will work harder for success.

We also learned that pride is the universal sin. Our Heavenly Father wanted to see if we would be honest in our dealings with our fellowmen. We must never do anything dishonest. The following statement was emphasized by Elder Lynn G. Robbins in his talk, “Making a Living and a Life”:

“What you do to make a living, or how many dollars you earn, aren’t nearly as important to the Lord as whether you:  
  •      Are building His kingdom including strong and valiant families.
  •      Are honest in your dealings with your fellowmen and using your God-given talents in their service; 
  •      and if you are filling your life with good works, that positively impact your community and world.


If you want your business to be built on the right values, make sure you are following the above. I will strive to be an A-level accountant. Three helpful principles to make these A-level choices include:
1.      Asking for the Lord’s blessings with a clear conscience
2.      Am I involved in direct or indirect selling of questionable products or services?
3.      Does the product or service hurt society?

As an A-level accountant, I am not working for mankind, but living for mankind, trying to lift and help others.  In addition to making a living, I would be making a life. I would define their business in terms of customers’ needs. As a student at BYU Idaho, I am learning how to make a good and honest living. I am learning to place integrity over everything else. It's easier said than done. Do you think I can make it?

Sheri L. Dew numerated the following steps to keeping integrity in “True Blue, Through and Through”:

  1.        Decide today, once and for all, that you will be worthy of trust.
  2.        Have faith that the Lord can and will help you, and then diligently seek His help.
  3.        Make covenants and keep them.
  4.        Stand up for what you believe.
  5.        Expect your integrity to be challenged.
  6.        Don’t give up.
  7.        Covenant–or perhaps I should say, renew your covenant–with our Father and His Son to do what you came here to do.

 The last list I would like to share are the ten must haves for a start-up company:

Frank Levinson’s 10 Must Haves for a Start Up Company:
  1. Spending everything on a good team and equipment
  2. Letting people know the company is in business
  3. Raising limited capital
  4. Taking stock of a company and determining its needs
  5. Being open to opportunities
  6. Having a supportive family
  7. Targeting mass markets, not just niche markets
  8. Having confidence in new ideas
  9. Acquiring and selling to real customers
  10. Choosing a great partner

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