Money: A culture of stewardship is established and resources are allocated effectively, efficiently and synergistically

The Power Of The Minimum Allocation Of Resources Principle

Recently we wrote about The Power of Abundance Mentality and The Power of Scarcity Mentality. In this article we will examine the power of a minimum allocation of resources. The Minimum Allocation of Resources Principle is an approach to resource management that every effective and efficient manager understands. The principle suggests that the minimum number of resources that are required... Continue Reading

Parkinson’s Second Law and Church Budgets

In the article, “Church Staffing Levels – Getting It Right,” we examined the effect of Parkinson’s First Law, “work expands to fill the time allotted” and its application to church staffing. A corollary is Parkinson’s Second Law, “expenditures rise to meet income,” a law that has application to church budgets and expenditures. Northcote Parkinson’s satirical look at industrial and government... Continue Reading

How To Design A Church Staff Compensation System

The foundation principle of compensation design in the free enterprise system is that contribution will be equated to compensation. This principle should guide the salary and benefits philosophy and design of churches if they want to be fair and competitive with their staff compensation. To better understand the meaning of the philosophy and application of “contribution equals compensation” let’s look at two... Continue Reading

“Our Church Can’t Handle the Kind of Money I Can Give It”

Those words profoundly changed my understanding of what affluent church members consider before allocating their dollars to the church, charities and non-profit organizations. It was a response to a question I posed many years ago to a good friend who happened to also be one of our church’s largest donors as well as key leaders. I had noticed in the... Continue Reading

Financial Leaders Want Someone With Ink On Their Sleeves

Do you ever wonder how to appeal to your financial leaders? Here’s a story that provided me insights into a key pre-requisite for receiving gifts from high capacity donors. Annually our church gathers the top 100 financial leaders at a NEXT dinner where we share vision and strategy updates and offer appreciation for their support. At one of our NEXT dinners I... Continue Reading