“How can we develop a sustainable resource engine to deliver superior performance relative to our mission?”
– Jim Collins
Are you a church leader or early-stage missional innovator who wants to get a project or new ministry financially stable as quickly as possible?
The Lake Institute, who tracks the financial health of churches, estimates that in 2020 almost 40% of American churches did not have enough cash to last 3 months.
That means you often have to find creative ways to get your new ministry or project financially stable.
Here are four steps to help you do that.
Step 1 – State What You Want and Your Why
Peter Drucker taught that in order for an organization to do good, it must first be doing well.
That is, any undertaking, no matter how noble, must be supplied with a steady stream of the resources it needs in order to accomplish its mission.
This includes funding.
Thinking about revenue can often feel like you’re getting away from your mission, the reason why you started doing
what you’re doing in the first place.
But revenue is the key to creating stability and sustainability for your organization, and investments into your organization can multiply its impact.
You’ll want to tie our revenue activities to a reminder of why you’re raising money.
Start by stating the goal.
Take some time to think about what sort of impact your organization wants to have have years from now.
How many people will your team be serving?
How will the enterprise be making a dent on the community?
Then, ask what sort of funding will be needed to hit those goals.
DOWNLOAD STEP 1 PDF, which guides you through an exercise to identity & write down the “what” and “why” of your social enterprise.