Renovations are a necessity to maintain a strong club. They provide new and improved amenities, invigorate current members and attract new ones. Although they can be complicated and large in scope, the right renovation will pay dividends down the road. Staying up to date on
Q: I always seem to be caught between budgeting Capital Expenditure (CAPEX) funds for a possible emergency and losing any excess funds at the end of the year. How can I spend my CAPEX dollars more wisely? A: Every year, the same thing happens. Club executives
Cyber-related data breach incidents increased in both frequency and severity in 2013. In fact, more than 13 million Americans were victims of identity fraud last year according to the various research reports. Both corporate and personal information stored electronically in a company’s network offer tremendous
Editor’s note: This article is based on the program, “The Board-CEO Partnership,” presented at the National Club Conference in April. In today’s environment, effective oversight and direction are as important for private clubs as they are for businesses in the corporate world. Often, there are
Q. How do you hold consultants accountable? A. Clubs engage consultants for expertise in a variety of services. The first step is to determine what your club really wants to achieve. Is it realistic? What do you hope to learn or solve? What would success look like? How
Q. Regulations governing annual contributions to pension plans combined with low interest rates have caused clubs with defined benefit plans to face increasing annual payments to maintain or diminish their financial liabilities. How are clubs dealing with this? A. Over the last decade, clubs that offer
To all of you who participated in NCA’s 2014 National Club Conference—thanks for joining us for what was a tremendous success. Each year this event brings together many of the club industry’s finest to share their thoughts and ideas with leaders of private clubs from
Q. What is seafood fraud and how might it affect your business? A. Seafood fraud can occur in many different forms, but the most prevalent today is the “bait and switch,” when seafood is intentionally mislabeled. A processor or distributor may swap an expensive species with
As a society, the way we communicate with one another has changed significantly over the last decade. Personal computers, cell phones, tablets and social media dominate our daily lives and access to real-time news and information has become the norm. To help navigate this new
According to Merriam-Webster’s Dictionary, lobbying is “to conduct activities aimed at influencing public officials and especially members of a legislative body on legislation.” Each day, discussions by Capitol Hill policymakers in Washington, D.C., affect the nearly $70 billion golf industry. How do we make sure