With inflation rising, now is the time to look for ways to cut costs. A group purchasing organization (GPO) is one way to realize critical savings at clubs and help club leaders beat the market. A GPO combines the purchasing volume of a group of
On March 31, 2020, Club Benchmarking released a whitepaper titled “The Framework for a Strategic Response to the Coronavirus Crisis” which was intended to provide a data-driven framework that would help clubs navigate decisions in the face of the crisis The thesis presented was that
The Jim Collins book “Good to Great,” widely reviewed as one of the best business books of all time, was published in October 2001. In my technology days, I had the fortune of working closely with a person, who while studying for his MBA at
It’s a story we’ve all heard hundreds of times over the past year; “2020 started like any other year, and then COVID hit…” Where the story went after that depended on your situation. For The Landings Club, the year took many twists and turns. How
Successful clubs understand that when it comes to selling memberships, they must compete on value, not on price. Dues and fees paid by the members must be sufficient to fund delivery of a compelling member experience and ensure that programming and facilities are consistently fresh
As a capital planning advisor to hundreds of clubs over the course of my career, one of the most common characteristics among clubs functioning reactively is a failure to understand their club’s capital requirements and how to properly fund them. Those clubs typically lack a forward-looking capital plan, and as a result they are saddled with an accumulation of
Part Five in a Series on Club Philanthropy The series on Club Philanthropy has addressed a number of different types of methods in which clubs have established foundations for numerous charitable purposes. These range from art and library foundations to preservation foundations to foundations established
There seems to be an almost unprecedented number of club facility improvement projects taking place across the country. Many of them are of a size or scope that seemed unimaginable only a few years ago. We’ve monitored the club world for nearly 40 years, and
Relative to most other industries, clubs have been slow to adopt technological advancements over the past two decades. An abrupt introduction to concepts like virtual member service and remote work over the last 18 months likely has some clubs reconsidering how they prioritize investments in
The Metropolitan Club of the City of Washington is a historic and adaptive club with a membership and reputation as notable as the city the club resides. The club was founded in 1863 and sits a block away from the White House with a stunning