The importance of running an independent school as a business is underestimated at peril. That's why The Schools' Enterprise Association and Independent Schools' Bursars Association are so relevant in supporting the commercial aspects of our schools. Make sure that commercial activities support and complement the 'why' for your school, and that each opportunity generates the right revenue, contributing to a positive reputation.
*LOOKING BACK*SEA ANNUAL CONFERENCE 2024* 1+1=3: Does it make commercial sense? Will it sweat the assets? The business case. Neil Cufley, Chair, ISBA and Director of Operations/Finance, Royal Russell School David Woodgate, CEO, Independent Schools' Bursars Association Think laterally and strategically align with your school board and Senior Leadership Team. Have the correct mindset and appoint the right people to deliver your objectives. Commercialisation does not mean that independent schools should abandon their educational mission - dual-use, school-first should be at the heart of any commercial consideration. https://lnkd.in/e7aRRtj #SEAconf24 #sweattheassets #schoolenterprises #beautifulschools #dualuseschoolfirst
Wisdom shared by Nazreen Visram (Barclays) this week: We combine a ‘commercial brain with a charitable heart.’
Couldn't agree more Neil, I am no stranger to this scenario. Schools, who so often have fantastic contractual documents with parents often come unstuck doing business with companies/individuals.
Couldn't agree more Neil Cufley.