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Business Debtors
Anonymous
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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 undervalued and
underpriced 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.
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