What Is Keeping You Up at Night?

December 7, 2018

Last week I had the privilege of being part of the delegation from Pennsylvania at the North American Conference on the Business Office (NACOBO) sponsored by NBOA. Carol Lerner from The Philadelphia School, Adam Wojtelwicz from Shipley School, and I joined Business Officers from all over North America to discuss all the things that keep business officers up at night!

Thanks to Jeff Shields and his team at NBOA, we identified issues, looked at the independent school business model, talked about affordability and accessibility, assessed our leadership strengths, and built our personal and professional network. As with all NBOA programs, we had an ambitious schedule, worked hard, and enjoyed good food, fellowship and fun with a most congenial group of old and new friends.

Working in small groups, we identified and discussed short and long-term issues that are included in the portfolio of many business officers:

  • Accounting, Finance and Tax
  • Human Resources
  • Facilities
  • Technology
  • Leadership and Governance
  • Risk Management and Compliance

We also spent time examining the independent school business model as it relates to affordability and accessibility. In our discussion groups, we recognized key issues, potential responses, ways to address them, and the next steps in reflecting on the following questions:

  1. How does the traditional independent school business model need to evolve for schools to survive and thrive in the future?
  2. What are the biggest barriers to affordability and accessibility at your school?
  3. What is the future of financial aid?

Business Officers are called upon routinely to solve problems related to all aspects of school life, ensure the financial sustainability of their school, and with other school leaders, tackle a variety of challenges every day. Studying emerging trends, managing organizational change, developing real strategy, understanding and articulating the value proposition of an independent school education are some of the examples the expanded role of the business officer.

Conferences like NACOBO help to give Business Officers a framework for considering the complex issues facing the independent school sector. Carol, Adam and I were fortunate to spend time with our colleagues from across the country last week, and we are looking forward to sharing what we learned with all of you and continuing this conversation with our PAISBOA colleagues after the winter holiday break.

Please join us on January 9 for our Wednesday Webinar: New Year’s Resolutions and Saving Time and $ with the Purchasing Consortium, and our PAISBOA Purchasing Consortium Annual Meeting on Wednesday, January 23 at The Springfield Country Club.

Take advantage of the power of the flock…

Share this post:

Comments on "What Is Keeping You Up at Night?"

Comments 0-5 of 0

Please login to comment