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Business Debtors Anonymous
What is Business Debtors
Anonymous?
Business Debtors Anonymous (B.D.A.) is a distinct and dynamic but not
separate part of D.A., created to focus on the recovery of members of
the fellowship who are business owners. Together, members of B.D.A.support one another in applying the D.A. principles and tools when
owning and running a business.
However, as part of D.A., there is no separate membership for
attending
Business Debtors Anonymous meetings. It is understood that paying
bills
for goods and services rendered according to agreed upon terms does
not
constitute debting.
How do you know if you are a compulsively debting business owner? Some
of the experiences and behaviors that led to compulsive debting were:
-
We
neither knew when bills or taxes were due, nor did we remember if and
what we had paid or still owed.
-
We
confused our personal finances with our business finances.
-
We often
did not know the exact costs of our overhead, operating expenses or
profit margins.
-
We had no
business plan.
-
We lived
in a state of deprivation for the sake of our business.
-
We
under valued and under priced our goods and services.
In B.D.A. we learn to operate our business along spiritual lines and
find that operating in integrity and being of service is profitable.
We accumulate cash reserves, pay our bills and employees on time. and
build a thriving, prosperous, debt-free and financially solvent
business.
Additional tools for Business Debtors Anonymous:
1. We keep separate professional and personal financial records and
bank accounts.
2. We keep clean, orderly and accurate financial records.
3. We pay ourselves a salary.
4. We pay our bills and invoice our clients promptly.
5. We remain mindful that dollars spent should generate revenue, and
compare prices before making purchases.
This material is excerpted from Business Debtors Anonymous, a pamphlet
which can be ordered from the General Service Office. |
