Created to solve a problem
IBEC Ventures was formed to solve a problem. In 2005 the leadership of Crossworld, a mission agency, was becoming increasingly interested in establishing business start-ups in underdeveloped, unreached countries, yet they lacked the capacity and personnel for business development in high-risk countries. It seemed that at least some employees could be re-purposed to start and operate businesses but primarily new personnel needed to be recruited and trained.
Incorporation and formation of the board and leadership team
From the start, IBEC has been an independent entity based on trust with Crossworld with a crossover executive sitting in on board meetings. Bob Johnstone had been consulting with Crossworld for a number of years so he was a natural, experienced and competent person to lead the IBEC Board of Directors.
The first board meeting for IBEC was in March 2007 where Bob Johnstone was elected Chairman; Harold Schell, Treasurer; and Torrey Sharp, Marketing Developer. Larry Sharp as Director was an ex
Dual funding modelIBEC’s funding model from the inception was to receive income partially from donations and partially from fee for service or retainer contracts. For the first several years Crossworld was the largest client with a sizable retainer contract.
Relationship buildingIn January 2011 IBEC hired Dean Callison as the CEO and Larry became an apologist for Business as Mission and a trainer and speaker on behalf of IBEC. Dean built many relationships including bringing on board member Dave Kier and securing foundation funding. Under Dean’s leadership, we also began to be more intentional about IBEC’s identity thus giving us more relationships within the Christian community in North America. When Dean left in November 2012, Ken Leahy agreed to serve as acting CEO and did so until March 2014. Ken then continued as a consultant with IBEC.
Beginning in 2010 IBEC began to refer to itself as a virtual organization, committed to regular phone meetings and other consistent communication. We started to add consultants from all over the United States. Bob Johnstone was a stabilizing and visionary force from the beginning, and even after his term ended in 2014 he continued as Treasurer and as a consultant. Don Worthington who joined the IBEC Board near the beginning assumed the role of Board Chairman in 2014.
Organization and systems building
During the period of 2012-14, IBEC worked hard to strengthen its Customer Relationship Management system (thanks to Gary Willett, Jim Mayer, and Gwen Rapp) and hired a social media specialist, Carolyne Hart, to complement Torrey on the marketing side. She replaced Gwen Rapp on the leadership team and Gary Willett replaced Ken as Director of Consulting and became the primary connection between IBEC and the clients in the overseas markets.
Expansion on many fronts
As we mark our 10-year anniversary, IBEC has about 30 projects under contract. We see new opportunities to expand our client base, including serving business clients who are third world nationals and also serving North American business owners desiring to expand operations overseas. We are also beginning to prepare IBEC consultants to serve North American business persons working overseas for large corporations. We are also formalizing IBEC’s extensive training and business planning tools to provide our growing team of consultants and Subject Matter Experts with industry-leading resources to support IBEC clients in their mission: to impact the Kingdom of God through business.
An unswerving purpose
IBEC’s Purpose: IBEC helps build sustainable businesses through consultative expertise that changes lives and transforms communities.
Our Vision: We envision an increasing number of Small-Medium sustainable Kingdom businesses with our special emphasis on areas that are both economically impoverished and spiritually unreached.