In business we talked about being “first to market” or “second champion.” This is based on the old adage, “The early bird gets the worm but the second mouse gets the cheese.” In either case, the idea of establishing oneself as a market leader at the very front or...read more
“It doesn’t mean a thing, but even so, after twenty-five years; it’s nice to know.” The words from the song, “Do you Love Me?” are sung by Tevye and his dear wife Golda in “Fiddler on the Roof” as they grapple with yet another generation of would-be husbands and...read more
CFO Colleague, LLC has been selected by Trevecca Nazarene University (TN) as an adviser for its merger exploration process with Eastern Nazarene College (MA). The boards of trustees for the two institutions recently announced their desire to consider combining...read more
Every year, the Department of Education reveals it's list of those institutions who either failed their financial responsibility ratio or are in danger of doing so if their performance doesn't change. Those who score a 0.9 or below fail. Others who score between 1.0...read more
The new calendar year is upon us and, while it is not usually the fiscal year end for most colleges and universities, it is a good time to consider resolutions nonetheless. This is the time in our cycle of activities when budgeting is in full force. A prediction...read more
For the 1975 model year, AMC succeeded in offering what are considered three of the ugliest cars ever offered in America. The Gremlin looked like they started with a Hornet but ran out of money at the rear window. The Pacer seemed as wide as it was long and its meager...read more
We know it as a horizontal piece of wood or metal at the base of a doorway, allowing for a seal to be created at that juncture. American homes typically have thresholds for exterior doors while in Europe, nearly every door, inside and out, has one – and my toes can...read more
Your Ohio factory makes a cast iron base for exterior light poles. Because of how heavy the product is and the expense of shipping overseas, your entire market is in North America where you offer free shipping to retailers. The factory is profitable, but the...read more
It may have been twenty years ago when the idea of “branding” became an obsession of higher education. We studied it, engaged consultants to refine it, created roving teams of artistic police to protect it and acted as if a new and highly rigorous discipline had...read more
When I was in private industry a couple of decades ago, most of our sales came from existing customers. If, for any reason, one of our long-term relationships was in trouble, we dispatched whatever resources needed to reattach that customer to the hive. Entering...read more
Our take on the current reality of higher ed.
Curated articles, opinion pieces, analysis and advice from one CFO to another.