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Unread 21-11-2007, 10:44
JaneYoung JaneYoung is offline
Onward through the fog.
no team
Team Role: Alumni
 
Join Date: Mar 2006
Rookie Year: 2002
Location: Austin, TX USA
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Re: Hypothetical Money Question

Big Mike,
I don't think any financial planning is ever stupid, esp. when looking at the future.

When LASA Robotics formed the Parent Association several years ago, we set a few short term and long term goals. One of the goals we strove towards attaining as quickly as possible was to always have monies in the coffer to pay for the current year and to pay for the following year. We've achieved that goal and are able to stay one year ahead, planning conservatively and being frugal. It took a bit of time to do this but we stayed focused, even as the board members and students changed and graduated. If there were to be an increase, because of the established organization and planning involved, we would be able to adjust.

That you are thinking along these lines is a boon to your team, whether the fees were to be increased or not. We aren't a team with a big budget, we have to make every penny count, but I think any time you have increased fees/costs, you have to weigh the pros/cons, cans/can'ts - and be able to justify the increase to your sponsors and supporters. They have their own limits, budgets, and responsibilities.
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Excellence is contagious. ~ Andy Baker, President, AndyMark, Inc. and Woodie Flowers Award 2003

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.
~ Helen Keller
(1880-1968)

Last edited by JaneYoung : 21-11-2007 at 10:50.
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