Wednesday, April 6, 2011
Stay or Go?
I recently saw on TV that College Illinois Prepaid Tuition program is underfunded. It suffered a deficit due to a miscalculation in the percent rise of college costs and the interest predicted on investments. The knee jerk reaction of many was to remove their funds before the program collapsed. I am invested in this fund and chose to remove my funds as well. It is my belief the fund is a great opportunity to send your children to college. One must weigh and balance the opportunity risks. The cost of the risk is the opportunity foregone. At consideration is possibly losing a great deal of money, or the possibility of a locked in tuition. While there are more details that are left out, this is the essential choice. I am a calculated risk taker and chose to place the funds in a differently managed risk. One key factor was the reputation of the management and their track record. My gut instinct is that College Illinois will pull out of this fiasco, but I made a more conservative choice. The question I ask you is this: What have you done today to ensure your reputation is the highest in your industry? What metrics have you employed to garner your track record? Have you taken a look at your business or personal action plans lately? Are your customer's in the process of trying to decide whether to stay or go?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment