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About Steve Marr

Steve has learned from 40 years of business experience that God's way works. As an author, speaker, radio host, and business consultant...

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Steve Marr Blog

Steve Marr's contributions
May 19
2017

How Should You Invest Church Funds?

Posted by Steve Marr in Untagged 

I received a question from a church board member asking for advice on investing church funds. The church was currently earning less than .5% interest and a board member was proposing to invest the funds in several stock funds that would yield a 5% return each year.

I started my discussion by ignoring the original question. Instead I asked what the funds were being held for. For example, if the funds were being held to build up cash reserves to allow debt-free expansion within five years, you should take no risk with this money. Instead, the low bank interest would be acceptable.

May 15
2017

Correcting Staff

Posted by Steve Marr in Untagged 

When we work with staff who need to improve performance, our primary goal is to help them develop the skills they need to be able to continue their employment.  A good guide comes from the words from Ezekiel: “I don't want you to die, says the Sovereign LORD. Turn back and live!” (Ezekiel 18:32, NLT) Just as the Lord does not want anyone to perish, we should do what we can to prevent discharging an employee.

May 11
2017

Paying for Advertising Results

Posted by Steve Marr in Untagged 

A general rule I share with clients is that 50% of advertising cost brings little results. It means that business too frequently wastes advertising dollars.

I was talking to one business person who spent $450 a month on a Yellow Pages ad. That is $5,400 dollars a year, more than pocket change for most of us. I asked the business owner how many calls the Yellow Pages ad generated and how many of those calls resulted in business? After thinking through my question the owner acknowledged little or no business came from the ad. 

May 08
2017

I Answer My Phone

Posted by Steve Marr in Untagged 

I answer my phone when it rings if I am able. I’ve developed this habit over many years and have learned how helpful it is for a reasons.

1It Serves my Clients

I am able to serve my customers or clients more effectively when I answer their call. This prevents a frustrating game of telephone tag.  Since business is about serving customers, the sooner we serve them the better.

May 01
2017

Doctors Use Smartphones in their Practice

Posted by Steve Marr in Untagged 

A number of years ago I wrote about how clinics use overseas radiologists to review their X-rays. Philippine radiologists could read X-rays and file a report more quickly. Some saw this as sub-standard care; others believed this was a lower cost improvement in service. My perspective is that in low-demand locations such as small hospitals in rural settings, it is not logical to employ an all-night radiologist to read one or two basic X-rays. In a complicated medical situation, an on-call doctor can come in and work through it. Regardless of our personal preference, this trend continues to advance.