Recently, I was asked by the president of a National Club Association (NCA) member club what types of benefits clubs typically give to their leadership. The honest answer was that I hadn’t the slightest idea. This lack of understanding sparked the idea to do a
Each year a substantial percentage of clubs experience a change in board members and officers. The result is an annual adjustment period as the new president, new officers and a board of several new members establish themselves in their respected positions. Often club bylaws will
We have both been businessmen, financial professionals and financiers over the course of our careers, so we are very familiar with the use of debt in a corporate setting. As it turns out, even that considerable knowledge and hands-on experience did not prepare us when
Our firm is often hired when a club has reached a crossroads in their strategic path and is seeking a deliverable strategy that has not yet been executed or defined. As a rule, we do not own, lease, or invest sliver equity in the private
The private club industry is justly proud of its evolution. When private clubs were first established in the United States, membership was primarily only open to the well-heeled. Members were typically men (and only men) from the most exclusive parts of society. Today, though, clubs
Bob’s Point of View “Keep your friends close and enemies closer.” How many times have you heard a board director or committee chair tell a constant complainer that they should run for the board or join the committee? Sometimes it’s just a brush off or attempt
As an avid student of organizational leadership, I’ve spent considerable time contemplating what makes some boards so successful while others flounder. Over the last three decades, I’ve reported to boards of directors as CEO of three different nonprofit golf associations and I’ve served as a
As a general manager, chief financial officer or department head, it is imperative to embrace and own the story of your club or department—the intersection of its experiences, culture and where it is heading. An effective story supports the club’s mission and values and the