RE: Soliciting Ideas to Help Improve Our Financial Standing

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Wow! Great response from chatgpt. I restated my question: what financial advice can you give to a school that is asset rich but cash poor?

And here is the reply:

A school that is asset rich but cash poor can consider several options to improve its financial situation. Some options include:

  • Renting out unused facilities or equipment to generate additional income

  • Selling non-essential assets to raise cash

  • Taking out a loan using the school's assets as collateral

  • Seeking out grants or funding opportunities to support operations

  • Implementing cost-saving measures, such as energy efficiency upgrades or consolidating operations

  • Creating a reserve fund using some assets to have a safety net for unexpected expense or emergencies.

It is important to consult with a financial advisor or accountant to determine the best course of action for the specific school's situation.

I love number two. That's an old idea that I missed. I love to see that I hit number 3.

Thanks again for calling my attention to chatgpt.

!PIZZA

!CTP

hive-167922
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Seems like 6 decent answers from the AI algorithm. Each has it's own risks and rewards, and like it said, you can consult with financial professionals to research deeper. But I think it gave you some good basic ideas! :)

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Yeah, great! That's part of the plan, to consult professionals, an accountant and a corporate financial analyst/planner.

!BBH

!CTP

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