We are an independent organisation specialising in further education colleges and Government funded training providers throughout the UK on a range of financial management and general management issues.
Cash is king, is an often-used statement in the commercial world. And it is true, businesses do not fail because of lack of profit but due to a lack of cash. The crunch arrives when the wages cannot be paid. It is possible for a business to be making profits but still run out of cash.
The Covid-19 pandemic has affected everyone in the world and has forced every aspect of life to be completely rethought and whilst it will be some time before we can contemplate returning to anything approaching our previous normal life, if we ever can, there is no doubt the lockdown cannot exist indefinitely. At some point we will aim to return to some modified form of the life we once new.
A wise CEO with years of Further Education experience once advised me that “to truly understand the learners, you must know their data”. The notion of knowing learner data struck a chord with me – one that has become more and more relevant to maximising student acquisition and retention in Further Education.