Four Faith Venture Business Plan Musts
Over the last 11 years at Belay Enterprises , I have had the opportunity to write and review numerous business plans for possible faith venture enterprises. They all seek to create opportunity for individuals or communities rebuilding lives. This morning, I had the chance to review a business plan draft for an exciting faith venture in a different community. I am also facing two looming decisions related to a new Belay business and the expansion of an existing one. In all three cases, I’m reminded of the importance of the following four items to any faith venture business plan: It’s important to answer this question up front: Is it a for-profit or non-profit business? Either structure will work but there are definitely pros and cons to each possibility with resulting ramifications for the business plan. It’s often very complicated and difficult to try a hybrid of the two. Faith venture practitioners tend to be passionate about the mission side of the venture and the resulting busin