Focus on the Facts

Never miss an update! Subscribe to our blog.

Club Finance 101: The Significance of Depreciation

It’s estimated that a new car loses about 10% of its value the minute you drive it off the lot, and as much as 20% in the first year of ownership. We have no trouble understanding that the car still has a certain amount of value if we were to sell...

Long-Term Debt in Private Clubs

Taking on long-term debt at a private club is one of the most important decisions a board can make. The long-term consequences of taking on debt will limit the flexibility of the club and future administrations for many years to come.

Market Update: Residential Real Estate in a COVID Economy

"We can't control the wind, but we can adjust the sails."

I don't sail much any more, but that adage definitely speaks to me as I reflect on what we've all been faced with over the last six weeks. I am a self-confessed data geek who has been...

Spring 2020: Crisis or Opportunity?

Now Might Be a Good Time to Rethink Your Club’s Business Model...

Over the coming weeks and months, clubs will be faced with lost revenue due to sustained closures and challenges related to retention of staff and members. Some clubs will emerge from...

Preparing Your Club for the Future: The Time to Start is Now

By Jim Butler, CEO - Club Benchmarking

Golf Course Maintenance:How Much Should You Spend?

The industry debate over how much a club should budget to maintain its golf course seems never-ending, and that’s understandable. The course consumes a significant portion of the cash required to run a club and it is also one of the most visible and...

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...

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 be slower...

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,...