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Finance & Operations
Thursday, January 16, 2020   (0 Comments - view/add)
Point Counterpoint: Are Clubs “Businesses” in the Business Sense? »
Bob’s Point of View: No James Collins, author of “Good to Great” in his nonprofit sequel, “Good to Great and the Socia...
Thursday, January 16, 2020   (0 Comments - view/add)
What does our board need to know about cybersecurity? »
CYBERSECURITY  is a threat to your club. The club manager in a Nebraska club faced the unhappy task of calling his m...
Friday, November 1, 2019   (0 Comments - view/add)
Reducing Your Club’s Cyber Liability: Is Your Club Protected? »
A 2017  Club Trends  survey showed that more than half of responding clubs have experienced a cyber attack withi...
Wednesday, July 17, 2019   (0 Comments - view/add)
Wellness Check: 10 Measures to Assess your Club’s Financial Health »
The following may be used as a quick barometer to evaluate your club’s financial health: Maintain at least a br...
Wednesday, April 24, 2019   (0 Comments - view/add)
Golf Course Maintenance Expense »
GOLF SEASON will kick into high gear soon for clubs north of the Sunbelt. Discussions about golf course maintenance budget...
Wednesday, April 24, 2019   (0 Comments - view/add)
Measuring Capital Health: What is Your Club’s Capital Scorecard Telling You? »
Experienced club managers are well acquainted with the metrics on their club’s income statement, and equally familiar with...
Wednesday, November 28, 2018   (0 Comments - view/add)
A Tale of “Three” Cities: Capital Investment Trends in Private Clubs »
Club Benchmarking data reveals a tale of “three” cities happening in the club industry, which appears to be a growing dive...
Thursday, November 1, 2018   (0 Comments - view/add)
Tax Case Goes Against Club: How A Deduction Can Hurt You »
A federal court recently upheld a lower court’s decision against a club regarding its tax reporting. For several years,...
Tuesday, October 9, 2018   (0 Comments - view/add)
What is the trend for capital investment in private clubs over the last 10 years? »
OUR DATA REVEALS  a “Tale of Three Cities” happening in the club industry, and we are deeply concerned about what app...
Tuesday, October 9, 2018   (0 Comments - view/add)
When building the club budget, where should a strategic board focus? »
“QUI VIVE?”  would be the call shouted by an alert sentry during the Middle Ages . . . and one must get the answer r...
Tuesday, October 9, 2018   (0 Comments - view/add)
How are capital improvements being financed? »
THERE IS NO QUESTION,  clubs continue to spend money on capital projects at record rates. Country clubs are spending...
Tuesday, October 9, 2018   (0 Comments - view/add)
Tuesday, July 10, 2018   (0 Comments - view/add)
Don’t Take Credit Cards? Could be a Case of “Penny-Wise and Pound Foolish” »
The quote “penny-wise and pound-foolish” is often credited to Philadelphian Benjamin Franklin, though Franklin never actua...
Tuesday, July 10, 2018   (0 Comments - view/add)
What are the financial indicators that the club leadership should monitor to stay strong? »
CANARIES IN A COAL MINE  were the early-warning system that saved miners’ lives before technologies for detecting nox...
Sunday, April 1, 2018   (0 Comments - view/add)
Focus on the Balance Sheet for Long-Term Financial Stability »
Shifting board focus from the income statement to the balance sheet is a critical first step in addressing the issue of su...
Sunday, April 1, 2018   (0 Comments - view/add)
What are the financial downsides to misclassifying an independent contractor? »
The risks of misclassifying independent contractors vary from state to state, but, in general, the consequences can includ...
Thursday, January 11, 2018   (0 Comments - view/add)
Are Your Initiation Fees Too Low? »
A marker of the value proposition in a club is the ratio of “Initiation Fee to Annual Dues.” Clubs with a relatively high...
Tuesday, November 28, 2017   (0 Comments - view/add)
3 Ways the Tax Bill Could Challenge Your Club’s Employees, Senior Executives and Members »
The Tax Cuts and Jobs Act, Congress’ tax reform bill, has passed in the House. The Senate is now tackling its version of t...
Thursday, October 5, 2017   (0 Comments - view/add)
Gross Margin »
WHEN ASKED about the gross margin of their own enterprise, most successful business owners can give you an exact number, u...
Monday, October 2, 2017   (0 Comments - view/add)
New Perspectives: Complimentary Golf Lessons Result in Increased Revenue »
OFTEN INNOVATION COMES when an established company moves into a new field and looks to differentiate itself from the compe...
Tuesday, August 29, 2017   (0 Comments - view/add)
Top 4 Ways to Prevent Payment Fraud: Modern Payment Systems »
While many different options are available to streamline payments, organizations typically use the tools that they’re most...
Saturday, July 1, 2017   (0 Comments - view/add)
What should market analysis for a private club show me ... and how do I get it? »
Private clubs prosper in markets characterized by high consumer confidence, growing household income, steady employment st...
Saturday, July 1, 2017   (0 Comments - view/add)
Compounded Annual Growth Rate: Measuring Growth in Private Clubs »
NET WORTH is a measure commonly used as a statement of how much an entity or individual is worth. Net worth can be calcula...
Saturday, April 1, 2017   (0 Comments - view/add)
Tuesday, March 28, 2017   (0 Comments - view/add)
9 Common Mistakes in Golf Property Analysis »
Some of the more common mistakes made by appraisers when completing golf property appraisal assignments are comparing cour...
Monday, January 2, 2017   (0 Comments - view/add)
Capital Income in Context: How to Know Where Your Club Stacks Up »
According to data from Club Benchmarking, the median Net Available Capital Ratio for clubs is 11 percent. However, just li...
Monday, January 2, 2017   (0 Comments - view/add)
What is a negative pledge and how can my club use this borrowing method? »
A negative pledge is an arrangement made between the club (borrower) and the bank (lender) whereby the club will pledge no...
Monday, October 3, 2016   (0 Comments - view/add)
Monday, October 3, 2016   (0 Comments - view/add)
New Data on Club Payroll: 2016 Advanced Compensation Study »
IN LARGER INDUSTRIES—the airline industry or automobile manufacturing for example—major players exist. Because of their si...
Monday, October 3, 2016   (0 Comments - view/add)
Why are some clubs doing very well and others struggle? »
A new separation is occurring in the club world and it is based on one critical element: can your club raise the capital r...
Thursday, July 14, 2016   (0 Comments - view/add)
Financing Capital Expenditures »
In reviewing financing for proposed capital expenditure projects, clubs consider the following alternatives: Finance fro...
Monday, February 1, 2016   (0 Comments - view/add)
Labor and Financial Concerns for Golf: 2016 State of the Industry »
Golf Course Industry  magazine recently released its “2016 State of the Industry Report,” which includes golf superin...
Friday, January 1, 2016   (0 Comments - view/add)
Clubs Benefit from Last Minute Spending Bill: Changes to the ACA and H-2B Visa Program »
Last month, President Obama signed the omnibus spending bill, granting clubs several key victories on the Affordable Care...
Wednesday, October 28, 2015   (0 Comments - view/add)
Big Win for Smaller Clubs on ACA: Reform Brings Relief »
In a rare moment of bipartisan support for the embattled health care law, President Obama signed the Protecting Affordable...
Tuesday, October 13, 2015   (0 Comments - view/add)

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