Focus on the Facts

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Explaining the Business to Your Board

Finding Common Ground Through the Language of Finance The most successful private club executives are in a class of their own when it comes hospitality. They are experts at delivering an extraordinary club experience and managing large teams of...

Medinah Country Club Says "Yes" to Innovation & Value Creation

by Robert A. Sereci, GM/COO Medinah Country Club  Guest Author and Club Benchmarking Subscriber As most club managers do, I try to spend our capital dollars in the most prudent way possible. When the idea struck me to obtain a food truck and...

Building the Business of Clubs

General Manager’s Perspective

The private club industry in the United States has been a work in progress for more than 200 years. Clubs are deeply grounded in history and tradition, which may help to explain why the pace of change tends to...

The Impact of Strategic Budgeting

Charting a New Course for Your Club

Every business charts the course for the coming year through the annual budget process, and private clubs are no exception. For many, the experience can be drawn out, difficult and fraught with struggles over...

Building Value or Cutting Costs

Which Mode are You In?

Clubs share a common business model, but when it comes to more qualitative aspects like culture, each individual club is truly unique. At the highest level, a club’s culture is defined by factors such as history, mission,...

Measuring Financial Sustainability

Mainstream Business Practices ProvideNeeded Perspective for the Private Club Industry   

Armies of people study the dynamics of industries across the world. Bankers, investors, competitors, consultants—searching for clarity and insight on the...

Benchmark Budgets, Forecast Results

Whether you're just starting next year's budget or you're further along in the process, benchmarking is a great way to "fact check" your decisions.

Consult high-level reports like the Executive Dashboard for strategic perspective on performance...

Executive Dashboard: Operational KPIs

Operational KPIs Take Emotion Out of the Equation

In Part 1 of our Executive Dashboard series we introduced the Club Benchmarking Executive Dashboard and the section related to Operating Finance KPIs. In Part 2 of the series we explored the...

Executive Dashboard: Capital KPIs

Capital Generation KPIs Bring the Future into Focus

In Part 1 of our Executive Dashboard series we introduced the idea of key questions for club leaders, the measures that can be used to answer those questions and the first section of the Club...

Executive Dashboard for Clubs

Questions are the Key