Schools as businesses
Schools are increasingly being regarded as businesses. To be successful, they need to adopt disciplines similar to those found in successful commercial companies and follow best-practice approaches to their financial management and business activities in general.
Irrespective of the sector they operate within, we believe that all organisations need to have:
- a clear and realistic strategy,
- the financial resources, controls and systems to see it through and
- the right management team and processes to make it happen.
Axiom-e can help any organisation get these essential factors right although our service is especially relevant to entities which cannot justify having a full-time finance director but who need the skills that qualified, well-experienced finance directors can provide.
Recent surveys have highlighted a number of potential issues with the strategy, finances and management of resources in independent schools. Given this, and in response to requests from clients, Axiom-e has tailored its offerings in order to offer a programme of services of specific relevance to schools.
Our offerings are provided under the broad title of axiom-education.
In the education sector, an Axiom-e portfolio Director providing high-level support can prove very beneficial to incumbent Bursars or Governing Bodies by undertaking projects associated with any of the services highlighted on our website, including for example:
- capital expenditure programmes
- strategic planning
- reviewing systems and procedures
Given the increasing incidence of independent schools being sold, we can prepare the information necessary for Governors or Trustees to:
- assess if their school should be sold
- provide to prospective purchasers
- determine if they should acquire other schools
- help negotiate the sale or purchase
- help raise funds for acquisition
In addition, we are able to undertake an axiom-evaluation.
This Operating and Financial Review of a school's activities will result in a report setting out the key issues that need to be focused on in order to improve operational management as well as longer-term strategic issues.
As the review is not a statutory audit, it is able to take a broad view of business management and is not confined to the narrow area of accounting. Depending on what is asked of us, the review can address matters such as:
- financial management
- human resources management
- the management of premises and other resources.
To benefit from our services, please contact us for a free initial discussion after which we will provide a quote for undertaking the work necessary.