Strategic Planning for Country Club Management

Strategic planning is a vague concept in any number of business. If considered in the Country Club, takes a different set of meanings. What does the strategic planning manager for the country club? It can mean a lot of things.

Strategic planning for capital improvements were in the daily operation of the management of the club will be reflected. Suppose, for example, that the country club has decided to pay for the investments in advance so that fundingyou will not need (a good strategy to avoid future problems). The necessary funds could be at the club along with minimum budgets for the allocation of indirect costs, functions and parts are included. If the project will start in five years, provided the costs could be raised and for the next five years would have minimal impact on member assessments. The funds raised could be placed in a state of reserve (non-current asset is part of the budget) for the expressThe use of investments. This financial strength to build for a particular country clubs and to prevent erosion to allow the current ratio (current assets to current liabilities). In addition, shareholders may be subject to currently in service and depreciation have instead placed their respective amounts of depreciation (a concept known as depreciation funded) in that capital expenditures for future improvements and repairs.

Golf Clubs

Strategic planning also involves the maintenance and expansionMembership. This should be an integral part of managing a country club. The more this is discussed, the more likely an association, a strategy for its long-range goals is to promote development. Entangled value of the member is a very important concept that is often overlooked when managers in the operations they will face every day. The country club atmosphere of exclusivity can be, where members of their favorite activities could be entertained. Could it be that the association is only aWeekend retreat for golf and tennis. Whatever their purpose, must be the intent of members and consistently reflected in tickets. It may conflict with the members to pay higher admission fees, if new members are smaller expenses are offered to enjoy the same benefits. It 'nice to have regular meetings with members, the "fire sale" to avoid membership. Even if all goes well with the club, you need to discuss increasing the membershipand replacement.

In these difficult economic times, strategic planning to take on a meaning of survival. It could be a huge debt that can not be current members of the proceeds are paid. It could be a large exodus of members looking to cut unnecessary personal expenses, would be to avoid financial disaster. The immediate solution is to bring revenue in every possible way. It might be useful to invite the public to use the facilities, but remember, this creates non-membersIncome, income tax consequences for some it could potentially cause danger to bring the tax exemption granted to certain country clubs (IRC 501 (c) (7)). If the member does not exceed 15% of revenue, Internal Revenue may revoke the tax exemption of clubs. If the status is revoked, a period of seven years, but the tax-exempt status, without a tax clearance organization's assets will be recovered. A strategic plan could be the opening of the club facilities for public use,The payment of taxes due, and also left the club loses its tax-exempt status, if 501 (c) (7) applies. It might be useful to offer membership to these new patrons, but keep in mind the current rate of initiation (or even increased) fee. The plan could also include the resolution of ownership of the association, if at the end of the period of seven years (the period with which the country club fees may be tax cuts without new taxes), new memberships are not increased and the association continuesFight. It might make sense to allow the club to work as a "for profit" companies, but it could be difficulties in determining the properties and the like in the present composition.

As mentioned above, strategic planning can mean many different things. You can pay as you go for an option to building maintenance and improvements and can be a process to build membership, perceived as a high value on each member to bring are. If these first two strategicPlanning techniques are considered, can only be the need for a strategy of survival. Independent of the situation, the country manager of the club to develop a strategic plan to meet the goals and desires of the club.

Strategic Planning for Country Club Management

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