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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 Clubs 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) Capital Health by the Numbers: Symptoms of Good and Bad Financial Performance »
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) Measuring and Managing Restaurant Labor Costs: Restaurant Labor Costs Operators’ Concerns and Respon »
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) Inside Capital Projects: New NCA Study »
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) Financing Florida Clubs »
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