So, we need to cut costs. How does THAT work?

Attention now turns from revenues to costs.  And, I turn from preachin’ to meddln’ Many of the institutions I interface with have been confronting an unreliable revenue stream.  That’s a fancy way of saying that enrollment has been heading southward while...

Wouldn’t it be fun to cut our price?

To say that the sticker price for higher ed is eye-popping is an understatement.  NACUBO reports that the average cost of tuition, room, board, fees and books is around $38,000 for a private institution.  To earn a net pay of that amount requires a gross...

A few more thoughts on price cutting

This is based on some interaction I have had with a few of you after my latest posting about cutting prices.  Consider these six questions and answers: What are the potential issues for future years? For starters, your price increases will be based on a lower...

Do You Want to be Healed?

As I visit various institutions there is a typical sequence of conversation.  Introductions are made, backgrounds are shared and then the question is asked, “How are things going?” I wish I had a video of the reaction.  Eyes peer downward during a short...