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Make a Small College Work with Bradley Andrews, PhD
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Curious about how colleges can effectively navigate budgeting challenges while achieving excellence in mission delivery? Join Sarah Holtan, PhD for an insightful conversation with Bradley Andrews, PhD, who shares his wisdom and expertise in college budgeting as the President of Brevard College.
Discover the key imperatives to financial success as Dr. Andrews emphasizes the significance of strategic planning and creating a reliable source of capital for long-term growth. Delve into the art of budget decision-making and learn how investment in people, especially program builders, can inspire commitment to the institution's mission.
Explore the challenges faced by small private colleges in recruiting and retaining faculty and staff, as well as the creative solutions employed by Brevard College and unlock the potential of endowments and effective fundraising. Tune in now to discover how you can create a financially sustainable and mission-driven institution.
Episode Highlights:
06:14 - The path to growth I think of primarily are new revenue streams, altogether new revenue streams, growing your summer conference business, new revenue streams in terms of new academic programs. Here at Brevard College, we are getting more involved in online graduate programs.
19:55 - At the end of the day, investing in people who are program developers, who are program builders, who are champions of programs, that in turn inspire the commitment of their colleagues and students and prospective students, that's really the best way to increase the funds in my mind.
24:28 - I believe that lived mission is incredibly important. I believe that the stronger the mission of any organization–the college–the stronger the mission and the commitment to that mission and how we live it. Those common shared values that inspire and motivate us, and give meaning and purpose to our work. The more that we share that in common, the more satisfying a place is to work, I believe. The more worthwhile it is to work at a place, even if we're making less than we can make someplace else.
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Sarah Holtan, PhD
Bradley Andrews, PhD
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