In my drafting document of Life Fellowship Community Center I wrote something called the list and the needs. The context of those ids is that it become the constant source of both ministry and income. For that reason the aspect of the ministry needs to be primary so there must be a cash cow that we can use to not only provide income for ministry but its fellow ministers. But why stop at one.
The concept given to me is to try to use every aspect of the function of the center to produce independent income which can be funneled back into the center to pay for cost at minimum and turn a reasonable profit a maximum. Ideally the employees are part time where feasible but if the business is lucrative enough they can be full time.
The primary goal is the service to pay for itself which would include insurances, employees and overhead. Net 0 which would me there is not addition profit to be given and the Fellowship Center is able to function without paying for these services.
Secondary goal is to turn a profit providing essential services to community members at the reasonable price. Best in class service and lower than average prices.
How to price services: Your 6-step guide ( https://www.patriotsoftware.com/blog/accounting/how-pricing-services-strategies-models-formula/)
Because there is not a set-in-stone method for pricing services, you have some flexibility. Use the following six steps to learn how to price a service:
- Calculate your costs
- Look at the market
- Know your customers
- Consider time invested
- Come up with a fair profit margin
- Charge an hourly or per-project rate
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