Fast Facts: Explaining the Club Business to Your Board

A club board is more likely to achieve alignment and work together productively if everyone is speaking the same language. Unfortunately, a disconnect often exists between the way finance is discussed in their familiar world of business and what they hear when they step into the club boardroom. Faced with that communication gap, many managers struggle to explain the club's results in a way that satisfies the board. In this session, Club Benchmarking CEO and Co-Founder Ray Cronin will present ways to bridge the divide and explain the business to your board in their native tongue—the language of finance.

Proper Capital Planning
is a Process, Not a Project

Thursday, March 23rd, 2023
1:00 PM to 2:00 PM EASTERN

If you are struggling with the capital planning process, you are not alone. Club Benchmarking analysis of balance sheet data from more than 1,000 clubs indicates that 75% are not generating sufficient capital to meet their future needs. Those outcomes are most common in clubs that either lack a capital plan entirely or have significant weaknesses in their approach to that process.

In this session, Club Benchmarking Founder Ray Cronin will address common issues that undermine the effectiveness of capital planning efforts in the club industry and explain the core components of a comprehensive, sustainable plan recently introduced at the CMAA conference as COMPASS - Comprehensive Asset Management.

Complete the form on the right side of this page to register for the webinar.
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