THE THREE RULES OF INSURANCE: Insure anything you cannot afford to lose Do not spend more on insurance than the item is worth It’s not the probability but possible severity of the loss that matters most In the spring 2019 issue of Club Director, I described
“An ounce of prevention is worth a pound of cure.” —Benjamin Franklin BEN FRANKLIN coined this phrase shortly after he was forced to jump out of a window of his home, having unintentionally set the house ablaze. Afterwards he cautioned fellow homeowners to be careful carrying
IN OCTOBER I had the pleasure of serving on a panel with Henry Wallmeyer and two other industry experts on the topic of “Workforce Challenges” for the Metropolitan Golf Association’s President’s Council fall conference. Although the attendees were primarily presidents and general managers from the New
THE NATURE of employment agreements and their terms have been changing for many years now. Not too long ago it was commonplace for a club to create a formal contract with a manager to run its club. Contracts can be expensive and time consuming for an
AND WHAT’S THE NEED of having one? The budget-planning period is just around the corner and soon you’ll be building your next business plan. Effective compensation policies are derived from the strategic elements of your club’s overarching compensation philosophy. It is a key component of your
Based upon a number of industry surveys, safety and privacy rank at the top of reasons why executives join private clubs. Many of the best private clubs require full-time staff to sign confidentially agreements, which are becoming an important element of a condition for employment.
While governance is not traditionally viewed to be a proficiency of most club management companies, their expertise in club finances and strategy can be valuable. Management companies generally do not take over the management of private clubs without a full, explicit and documented construct in
Club management selection committees have incredibly clear, deep and diverse expectations when it comes to the skills, attributes and traits expected when considering a slate of candidates. Many clubs create incredibly high standards and expect a range of candidates to exceed those expectations. Some of
A club’s mission statement is at its essence how a club perceives itself and how it wishes to be viewed by the outside world. As our society evolves, a club’s mission should be examined and, if necessary, changed to reflect the club’s relevance to current
Why is it so hard for my club to find a membership director? It’s difficult to find what you’re looking for because the title does not always define the role. Prior to 2007, a membership director fulfilled the role by way of processing member applications