Dec
11
2010

Family Business: 5 Years After My MBA

Graduation 2005
Wendy and I dressed the children in the graduation gown and took pictures. So much of my MBA was wrapped up around our family goals.

I can’t believe it. Five years ago this month I got my MBA. I posted my goals way-back-when (See “What Do You Plan to Do With an MBA?“, published 12/18/05). Time certainly flies when you’re having fun and staying busy.

All things considered, we’ve stayed on track. Let me explain the last 5 years for you quickly, but I’d also like to hear from other family entrepreneurs (see end of this post). Here were Wendy and my goals from six years ago:

  1. To grow Training Minds Ministry.
  2. Graduation 2005

  3. To develop Monument Publishing.
  4. To grow Internet Asset Manager.
  5. Jeub Family.

Number 3 got axed in 2008. My Internet developer was making more money than me, so I let it go. I took the knowledge with me, though. Much of this site, the social media campaigns, the e-commerce system, etc.–all products of my Internet background. Staying on the cutting edge of technology definitely helps.

Looking back at my post, the fourth MBA goal, “Jeub Family,” has certainly developed these past years. Here’s what I wrote then:

Why is business (such a capitalistic venture) so important to family? The answer to that is exciting. I believe that business is imperative to accomplishing your calling. As Thomas Jefferson said of business, “A man who qualifies himself well for his calling never fails of employment.” I am not so concerned of employment as much as I am concerned of calling. As a parent of 13 children, my job, really, is to “train up a child in the way he should go” (Proverbs 22:6) — essentially guiding him to his calling. Mom and Dad’s job in the Jeub Family (and I would argue with yours, too) is to empower each child to follow God’s will.

My calling back then was certain: a mix between family and business. Today, my teens help with the work, I have homeschool interns, and coach/authors from across the country working for the big calling. My hope is that all families discover this great life.

How about you? Do you envision a family business for your family? I would love to hear of your thoughts. If you have a family business already, include hyperlinks to your website.

About Chris Jeub

Chris is the father of 16 children, busily running the family businesses and learning the depths of love along the way.

  • T. Gates

    We would like to have our own business, but we have no idea what or how to start.

    • http://www.jeubfamily.com Chris & Wendy

      I’m taking your comment like a question. “I’m interested in starting a business, but where do I start?” Blog post is in my drafts folder. Thanks T!

  • http://jent-manyblessings.blogspot.com JenT

    I’m interested in the answer to that question also. My husband and I are really want to have a family business. We even have a few ideas. The only problem is, we are at the end of our rope financially. We have absolutely no means to start up a business, financially speaking. Is there any way to do it without a start-up capital? Working with what we have perhaps? We’ve been advised that my husband needs to go back to college and get a degree he can get work with. He went through a non-accredited Bible college and got his bachelor’s and master’s degrees, then through a seminary for his doctorate – but now he is not interested in being “in the ministry”. Not that he is not living for the Lord. On the contrary, he’s drawn closer to God since he decided to not follow the traditional “full-time” ministry path. It’s a rather long story, so I’ll not try to go into it on here. Anyway, I guess those are a few of my questions: How do we start a business with no start-up capital, and should he have a degree he can use to find work while waiting for a business to get off the ground?

    • http://www.jeubfamily.com Chris & Wendy

      Thanks for sharing, Jen. I felt this way in 2003: Stuck in a job, financially “okay” but not really going anywhere. I knew I had to get the basic knowledge to run a business, but didn’t have the foggiest of where to start.

      So, I signed up for an MBA program. Very expensive, and I don’t recommend it (funny, I didn’t mention that in this post). There are so many resources out there that are significantly cheaper that can train you and your husband the basics on business.

      I’m still working hard for my family, not making much more than I did in 2003, but I’m having a ball. I think every family should love how they generate income. Dads who hate their jobs is one of the saddest things in life.

      And yes, a business can start without capital. It’ll grow slower, but it can be done. Stay tuned…I have a number of posts queued up for publishing.

      • http://jent-manyblessings.blogspot.com JenT

        Thanks. I look forward to reading those posts. I know what you mean about a dad hating a job. We do have an option of moving to OK to be near family and my husband could get a job very easily in a meat-processing plant. The only thing is I know he would absolutely hate it. He is willing to do anything to provide for our family, but I really don’t want it to come to that. One of the things he liked about what he did recently was that he was allowed to take some children with him to work. He was self-employed, remodeling and building cabinetry and other trim work for a business in Pigeon Forge, TN. Now that that has ended he has had to look for other work. We were actually in New Mexico for about 5 weeks through the end of August and September (we all loved it and had a blast while we were there). But that didn’t work out and we came back east. (One main reason was our midwife; we wanted to use her for our homebirth). The only problem with him being self-employed these last few years is that as he puts it he’s “out of the system”. Well, he has some temporary work for now, so we are hopeful. But we’re still interested in starting up our own business. :)

  • Mary

    When are in our llth year of the home business, Innovative Media Solutions. Both my husband and I have an undergraduate degree. We left his full time work by God’s leading and moved us back to his home town to pursue part time work while he got the home business going. We used his retirement savings to start it up, we did not want to borrow any money. The other thing that helped us was living with his family for a while, at the time we only had two kids. Now our home has a 3 season room that we converted into four seasons and made it his office. So he does everything in the home. He does have to travel a bit for his work. I just wanted to share that it was a slow and gradual growth and we experience many challenges but it has been a wonderful way to see God’s faithfulness and provision. The journey has changed us and provided what we needed for the family.

  • Rick Ferrante

    Hi Chris,
    I am where you were in 2003, ‘Stuck in a job, financially “okay” but not really going anywhere,’ and I agree that “Dads who hate their jobs is one of the saddest things in life”. Its a bummer to bring a hard day at work home to the family. It’s even worse to bring a tough quarter or year home.

    We seem to have a lot in common. We are both Christian dads of large families (I have only 12). We both also work in IT (I manage the network management team for my company and have done a fair bit of computer programming).

    I am very impressed with the initiative it took for you to get your MBA and then start a few businesses. Lord willing, I would like follow in your path. My oldest son is graduating with a CS/Math degree in the spring. I hope to find some work that we could do together that could lead to a family business.

    I had considered pursuing an MBA, but like you said they are expensive. I am looking forward to your upcoming posts about starting without capital.

    Rick

    • http://www.jeubfamily.com Chris & Wendy

      Thanks for posting, Rick. I have a whopping good post in the hopper…should post any day now. Stay tuned!