Refinancing — decoding the process
Amortization. Balloon payment. Adjustable rate. Do these terms have you feeling like Dorothy in Oz? (“Lions and tigers and bears! Oh my!”)
Read More >budgeting Archives - Page 22 of 27 - Church Executive
Rethinking the church capital campaign
The capital campaign has always been a powerful way for church leaders to focus attention and resources toward reaching a God-inspired vision for your ministry. And while the timeless principles will never change, the best approach to funding your vision has always — and will always — evolve as the landscape of ministry evolves.
In fact, we’re living through one of those evolutions right now.
Read More >Metrics that drive sustainability: what gets measured — and managed
Over the past 30 years, I’ve sat in business meetings with pastors and board members and watched them cringe (literally) when required to review yet another financial report from the business office. Their eyes glaze over, and they begin doodling and drawing pictures on the financial statements.
Read More >Glenn Wood: Finding the financial "fuel" Seacoast needs to grow
With 13 locations (and growing!), Seacoast Church’s vision proved to be beyond its previous financial partner’s comfort level.
The challenge: find one that understands who the church is, what it wants to do, why… and how to make it happen.
Read More >Finances & college planning
The thought of preparing for your child’s college education can be daunting. There are so many questions: How much do I need to save? When do I need to start? What are my options? Here, we tackle four common questions about college planning.
Read More >JOEL SIMS: a son’s legacy — and a father’s foundation
At 33, Pastor Joel Sims of Word of Life Church in Flowood, MS, has already served in executive church leadership for more than a decade. He has also undertaken $29.4 million in construction projects — some completed, and some just beginning.
By anyone’s standards, Joel is a young pastor with a big, big job.
Read More >New York Times best-selling author Dr. John Townsend to launch the Townsend Institute at Concordia University Irvine
Partnership makes Concordia the only university in the nation to offer the Townsend Institute for Leadership & Counseling
Read More >7 key questions when evaluating a church software solution
One of the challenges I have run into when selecting a software provider is the distraction of the new and shiny features, keeping me from selecting a solution that is the best fit for the organization. I have learned from my mistakes over the years, and I now have 7 questions I always ask when evaluating any software provider in order to select the best solution possible.
Read More >How a non-traditional building approach can avoid traditional construction challenges
Most church leaders will tell you that making a decision to build a new facility — or to expand their current campus — is among the most difficult challenges they face. Concerns about managing the process, stewardship of funding, and keeping church members happy with the results all contribute to the worry.
Read More >The stewardship of savings
For a faith-based organization, a procurement services company provides a system for buying products and services that will reduce costs. Through their association with large, multi-facility clients — as well as with hundreds of manufacturer and distribution partners — these companies can provide value to smaller clients by sharing the discounts brought by the volume.
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