Insights

The Value Feedback Cycle

Years ago, car salesmen kept the current month’s yellow NADA book in their desk drawer, at the ready when the value of your trade-in needed to be established. The buyer didn’t have much to go on and that lack of knowledge led to significant profits on used cars,...

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So, what do we do?

It's a question we hear frequently. As hard as they’ve tried, new student numbers steadily decline while tuition discounting eclipses price increases. Budgeting is an annual ritual of optimistic projections in the spring followed by reactive cost cuts the...

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Innovation and the early bird

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...

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Tevye and FASB

“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...

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The DOE Naughty list and how to avoid it

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...

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It’s Budget Time – can we break the cycle?

It’s Budget Time – can we break the cycle?

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...

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The Gremlin, The Pacer, The Matador and Benchmarking

The Gremlin, The Pacer, The Matador and Benchmarking

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...

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So, what’s your threshold?

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...

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