Finances

Preparing for the Storm: Part V

2022-06-29T13:40:24-05:00July 15th, 2022|Tags: , , |

In this series, we’re discussing preparing for economic storms. The fourth and last step I recommend is decreasing payroll.   Many large organizations start with massive layoffs without considering other solutions.   Previously, I worked for a bank that frequently downsized. One year, the bank creatively allowed 40-hour employees to shift to 35 hours a week.   This allowed many working mothers ...

God Owns Everything

2022-05-05T19:47:31-05:00May 23rd, 2022|Tags: , , |

Recently, someone asked Kathy, if she and I could sell Unconventional Business Network when we were ready to retire. One misunderstanding about nonprofits is how the ownership works.  Kathy and I do not own the assets of UBN. The ministry is publicly owned. Our pay is limited to whatever our independent board of directors approve. We cannot sell or liquidate ...

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