February 28, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs

 

Advice for Religious Entrepreneurs

 

Why Profitability Matters in a Religious Organization Startup

Most religious organizations would prefer to focus on prophets, rather than profits. While faith is the underpinnings of all successful religious organizations, making ends meet is also extremely important.

Profitability isn't a primary concern for the leaders of most religious startups.

Your motivation for starting a religious organization isn't to get rich it's to fulfill a faith calling and accomplish a spiritual mission.

But despite the purity of your motives, the need for profitability will become quickly apparent. In the context of a religious organization, profitability means having the capacity to pay your bills and set a little bit aside for capital improvements, expansion or unexpected events.

Even though you don't have shareholders, your members will want assurances that their religious community is on solid financial footing.

As a startup organization, it's difficult to predict how much revenue you'll have to work with, at least until you have several months of services and programs under your belt.

During the organization's initial stage of life, plan to rely on volunteer staff until your revenue stream stabilizes and you can create a profitable (and realistic) budget.

Related Articles

Want to learn more about this topic? If so, you will enjoy these articles:

Religious Organizations: Laying a Foundation for Growth
Top Three Mistakes New Religious Organizations Make


Conversation Board

What's your take on religious organizations and profitability?


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

 

 

Additional Resources for Entrepreneurs

Search Engine Marketing

Social Marketing Optimization

Business Forms

Business in the Jungle - Business in Fiction - Negotiating

Radio Ad Costs

Newspaper Advertising Rates

City-Specific Resources for Entrepreneurs

Small Business Insurance

Global Entrepreneurship

China & Entrepreneurs