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Great By Choice Great By Choice

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  • Author: Jim Collins
  • Size: 4.61MB | 356 pages
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About the Book


"Great by Choice" by Jim Collins explores why some companies thrive in uncertain and chaotic environments while others falter. The book presents research-based strategies and practices that successful companies follow, such as disciplined decision-making, consistent innovation, and a focus on long-term goals. Collins and co-author Morten T. Hansen draw on historical and contemporary examples to provide valuable insights for businesses looking to achieve sustained success.

William and Catherine Booth

William and Catherine Booth William Booth The Salvation Army founder, William Booth was born in Nottingham, England, on 10 April 1829. Salvation Army founder General William BoothFrom his earliest years, William was no stranger to poverty. He was just 14 when his father died and was already working as a pawnbroker’s apprentice to supplement the family’s income. As a pawnbroker, William saw poverty and suffering on a daily basis. By the time he finished his six-year apprenticeship, he had developed a deep hatred of it. William, a fiery and impulsive teenager, became a Christian at 15 and began attending the local Wesleyan Chapel. There, he developed the passion that would be the driving force in his life; to reach the down and out of Britain's cities through the Gospel of Christ. William, a talented preacher from a young age, went on to work as a travelling evangelist with the Methodist church. But it was through preaching in the streets of London's slums that he discovered his life's purpose and The Salvation Army was born. Catherine Booth The Salvation Army "mother", Catherine Mumford was born in Ashbourne, Derbyshire, on 17 January 1829. The Salvation Army founder and Army mother Catherine BoothFrom an early age, she was a serious and sensitive girl with a strong Christian upbringing. By the age of 12, it's said that she had read the Bible through eight times. At 14, Catherine became ill and spent a great deal of time in bed. She kept herself busy, especially concerned about the problems of alcohol. She wrote articles for a magazine, encouraging people not to drink. But at 16, she came wholly into her faith. Reading the words, 'My God I am Thine, what a comfort Divine' in her hymn book, she realised the truth of them for herself. A gentle woman with powerful appeal, Catherine would go on to co-found The Salvation Army and prove an inspiration to women in a harsh time. Life together Catherine and William met when he came to preach at her church. They soon fell in love and became engaged. During their three-year engagement, William continued his work as a travelling evangelist. Catherine was a constant support to William, writing him letters of encouragement on his travels. They married on 16 June 1855. Together, William and Catherine embarked on a lifelong journey to answer the call of God to bring the Gospel to the people. While William was a natural speaker, Catherine was a quiet woman and not at all accustomed to speaking at gatherings. It took time for her to find her voice, but she was driven by a conviction that woman had the same rights as men to speak. She grew into a courageous speaker, known for her gentle manner but powerful appeal, counselling alcoholics in their homes and holding cottage meetings for new faithfuls. They were also parents to a growing family of eight children, who were brought up with a firm Christian education and a great love for their God’s mission. Two of their children, Bramwell and Evangeline would go on to be Generals of The Salvation Army. In 1865, William, by now an independent evangelist, along with Catherine founded The Christian Mission. William preached to the poor while Catherine spoke to the wealthy to gain support for their financially demanding work. In time, she began to hold her own fundraising campaigns. It was not until 1878 that The Christian Mission became known as The Salvation Army. Modelled after the military with William and his fellow ministers a part of God’s Army, seeking salvation for the masses. William was appointed the first General and his ministers became “officers”. Catherine became known as “The Army Mother” and remained a strong voice on The Salvation Army’s ideas on social issues and matters of belief. With its strong focus on the downtrodden and dispossessed, The Salvation Army began to grow beyond Britain’s borders. In William’s lifetime, the Army would be established in 58 countries and colonies. Its mission was and is still guided by William’s book “In Darkest England and the Way Out”, which maps out a revoluntionary approach to social engagement never before undertaken by a church. Both Catherine and William worked tirelessly to bring the Gospel to all, establishing a movement in the form of The Salvation Army. But, on 4th October 1890, Catherine lost her ongoing battle with ill health. Her son, Bramwell, described her passing as “a warrior laid down her sword to receive her crown”. William continued on for many years, traveling all over the world to oversee his growing Army. On 20th August 1912, William Booth was, in Salvation Army terms, promoted to glory. Though passed, both William and Catherine continue to be guiding influences in The Salvation Army and stand as the mightiest examples of how God uses the ordinary to create the extraordinary.

Finding Financial Freedom

The smartest thing we can do financially is to make God’s kingdom and His righteousness our top priority. Since true financial freedom is based largely on the condition of our heart and attitude, we must consciously embrace truth not fear, contentment not greed, humility not pride, gratitude not resentment, righteousness not deceit, generosity not selfishness. The following suggestions are financial strategies that have helped many people. Look at the list, pray over it, and apply what will benefit you and your family with the goal of changing bad habits, reducing stress, and gaining financial freedom. Make a Plan Everything starts with a plan. After you do that, you’re ready to move forward with it. Set specific goals, short-term and long-term. Write them down and refer to them regularly. This will give clarity. Create a budget. This brings freedom. Seek accountability. This will provide encouragement. Give regularly. This will break the grip of selfishness. Eliminate personal debt. This will set you free. Fund an emergency account, save, invest. This will help you have margin. Change your withholding if you get tax refunds. This will boost cash flow. Celebrate milestones with gratitude. This will keep you motivated. Reduce Expenses You can take action now to reduce your expenses. Here are several actions. Keep track of all expenses for at least 30 days to learn your spending habits. Use extra money (tax refunds, raises, gifts) wisely. Become frugal. Live like you’re poor. Buy only what you need. Cancel cable and subscriptions. Limit or drop TV and social media. Find free entertainment. Read more books — use the library. Eat out only for special occasions. Recruit a couple or family to join you on this journey. Challenge yourself to eat the pantry. The smartest thing we can do financially is to make God’s kingdom and His righteousness our top priority. Chuck Bentley in Finding Financial Freedom This Year Go on a “Spending Fast.” Use cash when possible to limit credit card debt. Change your lifestyle. Move, drive cheaper cars, and so on. Reduce utility costs. Avoid “window shopping.” Assess your friendships. Plan ahead for holidays. Grocery shop with a list. Cook large meals, freeze leftovers, and take meals from home to work Say no to impulse purchases. Use coupons or buy what is on sale. Shop consignment or thrift shops. Drop gym memberships. Make coffee at home. Skip soft drinks and bottled water. Find a mobile discount plan. Trade skills with a friend (cooking, yard care, haircuts, and so on). Avoid financing cars and loans. Don’t gamble. Increase Income By taking just a few deliberate actions, you can increase your income. Work hard and ask for a raise. Improve your job skills. Obtain certifications and online training. Take on a part-time job. Sell what you don’t need. Think outside the box. Find creative solutions to problems. Improve Your Health Your health impacts your finances in several ways, including the cost of insurance, your ability to work, your energy level, your ability to sleep, and your state of mind. Sleep a minimum of seven hours. God designed you to function best when rested. Drink more water, much more than you think you need. Eat healthily. Grow food if you can. Exercise daily and spend time in nature. Sunshine is an essential part of your health. Eliminate stress and guard your mental health. Limit prescription drug use. Research natural remedies. Plan for the Future By taking just a few deliberate actions, you can increase your income. Organize your finances and emergency information. Gather documents to prepare taxes. Make a will and plan burial options. Carry adequate insurance: life, health, car, home, or rental. Plan education costs for children. Begin funding retirement accounts. Diversify your investments. Principles and best practices are of no value if we only know them intellectually. Knowing and doing is the key to experiencing God’s promises. Living accordingly will help you to thrive.

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