Sunday, June 29, 2008

Don't Underbudget & Overspend on Church Media Technolgy Projects

I recently held "Financing Alternatives For Church Media Technology" workshops at the National Association of Broadcasters convention and at the National Systems Contractor Association (at Infocomm) both in Las Vegas. During these one hour workshops we discussed how churches can "stretch the budget" for broadcast, AV and media technology projects using specialized financing geared specifically for Church, House of Worship, and Media Ministry projects. One important element that we discuss is something that I have repeatedly been told by contractors and systems integrators who work with churches on broadcast and media projects. That is that many churches have a tendency to want to "scale back" technology projects to "fit" the current annual budget, but that in doing so they often "cut to the bone" in ways that results in future over spending or the need to replace technology sooner than necessary. Specialized financing for churches is a tool to help churches stretch budgets and "right size" projects. In many cases it is not simply the availability of capital.....but the creative use of capital that makes the financing add value to the budget process. The goal of doing the project "right" the first time, can save tens of thousands and sometimes hundreds of thousands of dollars in a modern media technology project.