In addition to being a regular reader of the Chronicle of Higher Education I've also become a reader and subscriber of University Business (UB). Unlike the Chronicle, UB is free to qualified subscribers, and they have an outstanding digital archive of previously published articles.
One that grabbed my attention this week is an archived (pre-recesssion!) article titled 101 Smart Revenue Generators and Money Saving Ideas. After all, who wouldn't like a little more on the top line, and on the bottom line. Regardless of whether you're for-profit or non-profit.
What strikes me as noteworthy about the article is that most (and the first few!) Revenue Generating ideas are actually all related to expense control and expense reduction. Some are traditional vendor negotiation strategies, like Visual Risk IQ does together with its partner Third Law Sourcing, while others are P-Card. Many can benefit from CCM-T, and many are worth a fresh read / re-read, given the current state of the economy.
Feel free to add Comments on your strategies for trimming costs or raising revenue in today's challenging times. Success stories are always welcome!
Joe Oringel
Visual Risk IQ, LLC
Charlotte NC, USA
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1 comment:
Thanks for the mention. That article consistently ranks among the most viewed on our website. Hope some new ideas come from the discussion you've started.
Melissa Ezarik, Managing Editor, University Business; @MelissaEzarik on Twitter
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