Beauty Link - volume 2, issue 2 - (Page 24)
| workings of wa shington |
A GLASSHALFFULL VIEW
Anth o ny Frago m e ni , Co - Ch a ir, G o ve r nm e n t R el a t i o n s Co m m itt ee
Often times when we are anticipating the announcement of new federal regulations, we approach it with the same level of apprehension as we do a root canal. Something that we know is necessary but we are equally sure it’s going to cause pain. Our experience tells us that new regulations usually mean change. Change in policies, procedures, computer systems, catalogs, contracts, disclosures, refunds calculations, etc. Change is bad because it costs time and money. Change is not fun because of the resistance to change that we all have. Why change what wasn’t broke? The preceding has been brought to you on behalf of the coalition for the Glass is Half-Empty Squad and our motto is, “We never met a change we liked.” What would happen, though, if we looked forward to the announcement of new regulations with the same excitement and anticipation as a night on the town or going to see an old friend? OK, OK, I get it: The glass is never that half-full. But what if after we were through with all the indigestion and hand wringing of new regulations, we sat down and approached the compliance issues to help us build a better mouse trap? Let’s face it; we are inextricably linked to the law makers and regulators as long as we make Title IV funds available to the students who choose to come to our institutions. And as long as we are being legislated and regulated to death with common sense, why waste time ﬁghting the tide?
MAKE A COMMITMENT TO YOURSELF, YOUR SCHOOL AND YOUR FUTURE TO ADOPT A GLASSHALFFULL VIEW OF THE ISSUES YOU FACE.
Grant that there are some laws and regulations that come with some challenges that are beyond our control. Prior minor year charges come to mind. Compliance meant that you were putting your students and institution in jeopardy. There was nothing you could do. If you were going to comply, you had better be ready for the impact. However, those situations are isolated. Let me give you an example. There are several key factors in the federal compliance arena that, if we changed our business model, would not only make it easier or more likely to comply with the regulations, it will ﬂ at out improve your business. Believe it. I feel that there are presently three main threats to our business. Two regulatory-based and one that is pandemic. 1. CDRs 2. 90/10 3. Quality educators There happens to be one answer to all three threats – one shift in your business model that will mitigate all three threats while making your business model more ﬂuid, more stable and more fun, and that is ADVANCED OR ONGOING EDUCATION!!! Advanced education or post-graduate learning will allow you to keep better track of you grads for default management and will actually reduce defaults by keeping your grads engaged. It will also help your 90/10 ratio. The bank shot bonus here is that your teachers can facilitate their advanced education, raising their earning potential and keeping them fresh with new challenges and continuing education of their own. Oh, did I mention how this helps your recruiting of new students? I know, easier said than done; but there are industry partners and salon professionals that are positioned to help. Just ask. Make a commitment to yourself, your school and your future to adopt a glass-half-full view of the issues you face. This way, the next time you are waiting for the new regulations to be announced, you’ll be thinking of meeting up with an old friend as opposed to the dreaded root canal.
| B EA U TYLIN K | G O T LE A D E RSHIP ? | 2 0 1 0
Table of Contents for the Digital Edition of Beauty Link - volume 2, issue 2
Beauty Link - volume 2, issue 2
Message from the AACS President and CEA Chair
Letters to the Editor (New!)
Professional Photo Shoots
2010 Annual CEA Convention: Riding the Winds of Change
Beauty Schools 101
Burned: Mixed Messages Can Erode Client Loyalty
The Workings of Washington
AACS Listserve Q&A
Voices from the Classroom
Leadership Lessons: How to Motivate Employees in a Tough Economy
The Three Laws: How to Make Your Leadership Journey Rewarding
Beauty Changes Lives
Nuts and Bolts | Sassoon Academy Student Competition
Associate Member Profiles
New Products & Services
People & Places
Upcoming 2010 Events
New School Members
Index to Advertisers
Beauty Link - volume 2, issue 2
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