Guiding private clubs through the financial impact of Coronavirus

While we could never have imagined the abrupt changes that have occurred due to the Coronavirus pandemic, we have been expecting economic winds to shift for some time. Based on historical patterns, the economy was obviously closer to the next recession than it was removed from the meltdown in 2007 and 2008. Far too many clubs are still feeling the effects of poor decisions made during and after the previous economic meltdown, due in large part to a lack of data and lack of understanding of the financial model of clubs. This white paper is a clarion call to the industry to ensure that we don’t repeat those same mistakes this time around.