No Margin - No Mission
- Dave Gregorio
- Jan 1
- 4 min read

In the outdoor recreation economy, passion is abundant. Margins are not.
At the All Forward Foundation, we work closely with guides, outfitters, educators, and small outdoor businesses who care deeply about access, equity, stewardship, and developing the next generation of outdoor professionals. What we’ve learned—sometimes the hard way—is a simple but uncomfortable truth:
Lasting social good in the outdoors does not come from good intentions alone. It comes from economic strength.
Or more bluntly: no margin, no mission.
The uncomfortable reality
Many outdoor recreation businesses are built by people driven by purpose. They care about place, people, and experience more than profit. As a result, businesses often start undercapitalized, underpriced, and overextended.
Owners routinely:
Work long hours for modest pay
Absorb financial risk personally
Defer investment in systems, staff, and growth
Carry social impact goals that remain perpetually “next year”
This is not a character flaw. It’s a structural problem.
When businesses operate in survival mode, even the most sincere mission becomes fragile.
Why margin matters (and what it actually enables)
Margin is often framed as excess or greed. In reality, margin is resilience and optionality.
Healthy economics allow a business to:
Pay living wages and retain talent
Invest in safety, training, and compliance
Absorb seasonal volatility and economic shocks
Make long-term decisions instead of short-term compromises
Participate meaningfully in community impact
Margin is what turns values into action. Without it, every additional commitment—youth programs, access initiatives, stewardship efforts—becomes another strain on already thin capacity.
The risk of waiting on government to solve it
In many mission-driven conversations, government funding and leadership are treated as the primary engine for change. While public investment can play an important role, history shows it is not a reliable foundation for long-term, durable impact.
Government priorities shift Budgets, tighten Leadership, turns over Programs that expand and contract with election cycles.
Well-intentioned initiatives often disappear just as communities begin to depend on them.
In contrast, in the United States especially, economically healthy individuals and businesses have consistently been the most reliable drivers of sustained social progress. They:
Act faster than institutions
Stay rooted in local context
Persist beyond political cycles
Compound impact over time
When outdoor businesses are financially stable, they do not need to wait for permission, grants, or policy alignment to do good. They simply do it.
Economic strength comes first—by design, not accident
This belief is foundational to the All Forward Foundation’s work and to initiatives like the Santa Fe Adventure Center. The premise is straightforward:
Outdoor recreation professionals must first be positioned to economically thrive.
That requires treating business fundamentals as mission-critical, not secondary:
Clear value propositions and pricing discipline
Capacity planning and demand management
Operational systems that reduce burnout
Financial literacy, forecasting, and risk management
Shared infrastructure and mentorship
These are not distractions from purpose. They are what make purpose sustainable.
What happens when businesses are healthy
We see a consistent pattern once businesses move out of survival mode.
Owners begin to:
Expand access for underserved communities
Create internships, apprenticeships, and career pathways
Mentor emerging guides and entrepreneurs
Invest in conservation and responsible tourism
Collaborate across the ecosystem rather than compete
This impact does not come from mandates. It comes from capacity.
Social good follows surplus—of time, energy, confidence, and capital.
Rejecting a false choice
There is a persistent myth that business rigor and social impact are opposing forces. In practice, the opposite is true.
Underpricing, avoiding profit conversations, or relying primarily on subsidies does not make an organization more ethical. It makes it more fragile. Fragile organizations burn out leaders, churn staff, and vanish when funding dries up.
A profitable outdoor business is not a sellout. It is a platform for sustained impact.
Building ecosystems, not dependency
The goal is not to replace public investment, but to avoid dependence on it. Strong ecosystems are built when:
Businesses can stand on their own
Public funding is additive, not essential
Community impact is driven locally
Leadership persists beyond election cycles
When outdoor businesses are economically sound, they become partners to government and nonprofits—not dependents.
The order matters
This is not an argument against purpose. It is an argument for sequence.
Build resilient, well-run businesses
Achieve economic stability and margin
Deploy that strength in service of people, place, and planet
Skipping the first step does not make the mission more noble. It makes it less likely to last.
Closing thought
The outdoor industry does not suffer from a lack of heart. It suffers from undercapitalized models and unrealistic expectations.
If we want lasting change—broader access, real career pathways, meaningful stewardship—we must ensure the people doing the work are not barely surviving.
Government can help. Philanthropy can help. But history shows that economically healthy people and businesses are what truly move the needle.
Margin is not the enemy of mission. Margin is what makes the mission possible.
Key Takeaways
Social impact depends on economic capacity, not intent alone.
Over-reliance on government funding creates fragility and volatility.
In the U.S., durable change is most often driven by healthy businesses and individuals.
Profitability is a platform for access, equity, and stewardship—not a contradiction.

