Fast Facts: Value Creation in Clubs

Clubs have unique cultures defined by factors such as history, mission, member demographics, location and the mix of amenities enjoyed by members. Below the surface, there is another very important factor that influences a club's culture and ultimately shapes its future; the operational mindset. Are your club’s board, management and members focused on value creation, are they operating in a mode of extreme cost control or are you balanced somewhere in the middle? 

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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