Focus on the Facts

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Governance Perspective: Leadership in Transition

by Steve Mona

Over the course of my 39-year career in the golf industry, I’ve earned a reputation as a guy who likes to stay busy. At the end of 2018, when I stepped back from my role as CEO of the World Golf Foundation, I accepted a new position...

Ready to Build a Bright Future for Your Club?Just Say NO to DIY Capital Reserve Study

Originally published by BoardRoom Magazine March/April 2018

How to Start a Serious Discussion About Capital Investment with Your Board

If just one rule could be instituted in every club boardroom with the goal of making the entire industry healthier, it would be this… Every time a Board member is tempted to bring up the subject of F&B profitability, they have to stop themselves...

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...

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...