Quote:
Originally Posted by Igzy
I work for a non-profit organization. People have misconceptions about them because "non-profit" is a misnomer. A non-profit needs to be profitable like any business or it will go out of businesss. The difference is all profits must be plowed back into the business.
For-profit businesses exist to provide profit for owners or shareholders. Non-profits exist to provide some sort of service. But they can provide a profitable living for employees, and surplus earnings can be invested. The primary difference is that non-profits cannot issue stock or dividends.
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Igzy, if you were to compare ministries to ministries how would you differentiate Living Stream to Lifeway or to Stephen Kaung's ministry?
Why would someone such as myself refer to Living Stream as a business first ministry and not apply the same description to these other ministries?
Terry