Estimating a Company's Valuation: Business Strategies, Human Resources, Financial Management, and Leadership

A well thought out ad researched business plan is the foundation of a startup with a clear plan to become successful. Hence, setting both short and long-term goals, and finding a market niche is a task every founder must go through. For example, a company's strategic plan can include targeting certain industries, further developing a product, allocating funds, forecasting sales channels, and scheduling resource needs. Goal setting freedom is to the liberty that employees experience when they set and pursue their goals in the workplace. Goal setting can be seen as a situational cue that encourages employees to align work goals with their intrinsic motivations.

Research indicates that autonomy in goal-setting enhances creativity, engagement, and entrepreneurial behavior by activating personality traits that align with innovation (Alam, M.Z., 2025). The more time an entrepreneur invests in a venture, the better they can develop strategies to deal with the uncertainties surrounding the business. Also, entrepreneurs time commitment toward their venture greatly helps with building credibility in the eyes of stakeholders and securing external financing, when needed (Bullock, K. et al., 2023). We can see an example from a biblical view point in regards to counting the costs of how much launching a business would cost from Luke 14:28, as it is mentioned that prospective builders should “sit down and estimate the cost” before construction. In the business world, this can be mentioned as the importance of finding cost estimates and contingency planning for a startup venture. As Proverbs mentions, “the plans of the diligent lead to profit”. In other words, diligent planning (Proverbs 21:5) is expected to lead to successful result, while quick decisions can create problems. Thus, a company's management should create company forecasts and update them regularly, embodying the wise stewardship advocated in Scripture.