This has been all over the tech news since yesterday and I found the powerpoint presentation interesting.
It is an interesting look at how venture capitalists are viewing the current crisis.
If you consider that venture capitalists are dealing with companies that desperately need growth to thrive and are living by credit rather than money bins then we match what they are looking at.
With consumers tightening up their wallets they are focused on maintaining the necessities. Unless we make sure we stay a priority to them with a good return in quality of life then we lose their investment.
This also tells me that we need to get some Christian Financial Planning people in to make sure that the finances of those supporting us don’t tank. People have been relying on home equity rather than savings for their fun times and as a buffer in the hard times, and that piggy bank is broken.
We have been severely cutting back our budgets at the church while still trying to maintain quality programming (although less of it) and not letting the missions that rely on us to go without our support. But we are not unaffected by the economic troubles, just ask the business office and watch their faces.
How is your church handling this? Especially for those of you in IT or security, 2 areas that have raidable budgets.
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