New Venture Creation!

Making Profit from Not-for-Profit

EntitiesMarcus G Valles

Challenges for Churches• Most people here would agree that two of the most

pressing management challenges for churches and boards today would be:o How to attract, disciple and develop more people for Kingdom

advancemento How to generate enough money to create and maintain growth

and expansion of members

• Financial Challenges for Small + Start Up Churcheso Paying for music and sound equipmento Getting out of a community centre into a leased building (music practice)o Financially Supporting the Senior Pastor (so leave job and more outreach)o Staffing an administratoro Funding outreach initiatives

• Similar challenges for growing churches

Bible Pointers

• Acts 2:45 … they sold their possessions and goods and divided them among all as anyone had need

• Acts 6 ... in order to maintain growth they appointed deacons who were able to “wait on tables” serve the practical and organisational needs of an increasing and fast growing church, “this business”

• 1 Tim 3 … qualifications of people who you would put in charge of “this business”

• Apostle Paul was known to build and sell tents when we wasn’t supported by people

From Fundraising to Revenue

Streams

• Internal Revenue Streamso General Tithes and Offeringso Special Project Offerings (Building fund and Missions Fund)

• Government Revenue Streamso Work for the dole, training projects,

• NFP Revenue Streamso Care Arm, Training Arm

• New Venture Revenue Steams• …. (a million business ideas offering products and services to the public!)

o Customer Saleso Property Related, Subleasing office space, Maximising capacityo … brainstorm … limited to your imagination!

• … Lots and Lots of Ideas …. Google them!• This Session will focus on the Management of New

Ventures

Venture Creation for Churches &

Not-For-Profits• This Session is designed to encourage you and give you

fresh perspective • Ideas are taken from my University Course on Identify

and Evaluate New Business Opportunities• Caution: … it does not contain important information

that will affect the success of any new venture• Our new college will also be incorporating a similar

course called New Ventures for Churches• Key Elements for Successful New Ventures (Timmons

Model)• Senior Pastors put two hats on!

o Your Church is also a ventureo How do you release new business ventures to increase profit in your church

Key Elements of New Venture

Creation

• The Founder• The Opportunity• The Team• Start Up Resources

Elements – New Venture

Creation

1. Entrepreneurial Mind –

Founder• Commitment and Determination• Start Up Management (competence, culture,

conflict)• Opportunity Obsession• Tolerance of Risk, Ambiguity, Uncertainty• Creativity, Self -Reliance, Adaptability• Motivation to Excel

2. Venture Direction – Opportunity

3. Rod and Staff – Your Team• Who would love a team that sees your big vision and says

“YES”• Who would prefer George Aghajanian and Nabi Selah to

the team you have now?• Your limiting team is your strength! The Miracle Moment!• Don’t change your team, change the way you manage

them!• Don’t take it personal• Strong doesn’t mean arrogant!• Humble doesn’t mean weak!• “rod and staff” principle –

o what’s that in your hand?

• E.g. Our Property Person

4. Seed Money – Resources

• Money to Launch• Project plan to see return on initial investment• Non-allocated money!

Church Leaders are Opportunity

Creators

• All you are doing as a leader is creating opportunities for people (not for yourself)

• That’s your primary mandate!o Opportunities for people to serve in Gods houseo E.g. to lead worship, to pray for people, to o … hope you are not doing it all yourself!

• Pastors are mandated to give themselves to prayer and ministry of the word

• If they want their church to grow they are mandated to o Find opportunities for people to serve in other areas (24/7 Church)o Identify opportunities for the board to develop resources for the

expansion of the houseo Find, develop and appoint administrators, leaders,

entrepreneurially minded people

Additional Resources• Timmons, J.A., Spinelli, S, (2007) New Venture

Creation,

• Read: Vardis, Listening to your Inner Entrepreneur• Connect: Marcus Valles on:

o Linkedin (Social media for Business)o Twittero Facebook