Titus 1:5

5 This is why I left you in Crete, so that you might put what remained into order, and appoint elders in every town as I directed you— 6 if anyone is above reproach, the husband of one wife, and his children are believers and not open to the charge of debauchery or insubordination. 7 For an overseer, as God's steward, must be above reproach. He must not be arrogant or quick-tempered or a drunkard or violent or greedy for gain, 8 but hospitable, a lover of good, self-controlled, upright, holy, and disciplined. 9 He must hold firm to the trustworthy word as taught, so that he may be able to give instruction in sound doctrine and also to rebuke those who contradict it.

Truth:

• Appointing of elders was part of the original plan ("as I directed you"), not an afterthought.
  
• Overseer is God's steward - has authority to take care of things in God's place. As such, he needs to be above reproach (as an example?, to assist in the people's acceptance of them as leaders?, as representing God to the people?)
• Most of these characteristics are true of all believers
• Teaching and rebuking - upholding sound doctrine - comes from holding firm to the trustworthy word.

Application:

• Hold firm to the trustworthy word as it was taught. Know the Bible to know sound doctrine!
• Allow God's power to conform me into a godly man. Pursue righteousness. Don't know how? Keep seeking until you find out. Focus on Christ to become like Christ.
  
• Be a lover of good.