OK, before all you under forty year old Young Executive Professional Entrepreneurial Business people all get up in arms over this issue,let me state the point here first and then let the debate begin. Does offering a membership program that takes away from a club’s budget make sense? Many private country clubs and dinner clubs […]
The Cost of Turning an Old Country Club to New
Sitting tight would be the wise thing to do, but if the infrastructure of a country club is costing more a month to repair than the monthly interest on a capital improvement note then maybe sitting tight is not the right answer.
Increasing revenue is the optimum option which would usually mean raising membership fees or bring in new members. The thinking that these two options are the only ways to raise revenue is where most governing boards and owners of country clubs begin to limit themselves.
