The H. Chambers Company

Perspectives From the Other Side
Are You Budgeting For Your Club’s Future?

 

Budgeting for Your Private Club's Future

‘Tis the season for private club budgeting! But unlike the holidays, few General Managers will have a cheerful pep in their step at the thought of reviewing F&B revenue or inspecting this year’s inventory management. Last month I talked about taking the pain out of the budgeting process, but this month I want to acknowledge an essential expense that many clubs are tempted to skimp on: The Future.

Compared to that raise key staff members are demanding or that bunker that needs replacing, it can seem extravagant to spend club dollars on something as abstract as the “The Future.” But some internal expenses are essential to creating a functioning club – and maintaining a healthy bottom line.

So what costs are necessary to maintain a high-functioning private club? Is there any way to cut down these essential costs? I’m glad you asked.

No private club budget should be drafted without considering…
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Why Are Private Club Spa Facilities the “Next Big Thing?”

Private Club Massage RoomIn an ever-shifting world of technological advancement and increasingly complex social dynamics, the future of private clubs can feel uncertain. However, the nation’s burgeoning obsession with health and wellness may offer an answer – or at least a good indicator – of where private clubs are headed. According to Chambers’ “Club of the Future” Survey, 18% of club leaders believe that clubs will become a center for sports, health, and fitness. In fact, spa and fitness services are the fastest growing sector of the private club market – making them a top priority when it comes to building new facilities.

Unfortunately, only 10% of club leaders reported prioritizing the construction of health or spa facilities, even though 46% indicated that this facility would be critical for future relevancy. Despite the budding importance of spa facilities, only a limited number of clubs are staying ahead of the trend and working to meet future demand.

For many members, spas have become more than just a luxury – they have become an essential part of self-care. Here, we explore why tomorrow’s member will desire the services that spas commonly offer and how private clubs can swoop in to meet growing demand.
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Perspectives From the Other Side
Taking the Pain Out of Private Club Budgeting

Private Club Budgeting

I don’t like being the bearer of bad news, but here it is: Summer is coming to a close. And with autumn right around the corner, many private clubs are beginning to take a look at their budgets. How have they adhered to their projected spending this year? How should the funds be allocated next year? How can the club continue to move into the future without breaking the bank? Refreshing the budget is essential to the success of any private club, but few can claim that the process is easy or enjoyable. It can be a trying time of coming to terms with missteps, understanding your limitations, and facing harsh realities.

Luckily, there are many ways to make this process significantly easier. From considering outside forces to shifting our entire approach, these methods will help you not only improve the process, but also produce more detailed, accurate budgets for your private club!
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Should Golf Course Renovations Take First Priority for Private Clubs?

Hitting golf ballIn the past, a huge portion of the private club industry has lived by one cardinal rule: Golf is king. Whenever there is extra money to spend, many clubs naturally assume that the funds should be used on golf course enhancements. But as the old saying goes: “To assume is to be deceived.”

Every year clubs funnel thousands of dollars into resurfacing greens, improving bunkers, altering tee boxes… the list goes on and on. But the world is changing – and so is the club industry. Gone are the days when maintaining a pristine golf course was enough to attract and retain a loyal membership. Member needs and desires are shifting and the club industry is trying its best to keep up with these shifts.  While golf is a large part of many club experiences, it no longer reigns supreme – meaning that the industry should begin looking at golf course renovations in a whole different light.

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Perspectives From the Other Side
6 Ways to Tackle a Multi-Generational Board

Each day, we realize more and more how unique the club industry is – and how it’s constantly changing. In fact, this is the first time in history that five generations are living and working under the same roof. Clubs must not only appeal to a diverse set of members, but also manage a multi-generational staff and club governance. Dealing with multi-generational club governments is a different kind of challenge, but it’s equally important for the health and vitality of your club.

Personally, I know what it’s like to go from being one of the youngest people in the room to one of the oldest. I was a General Manager of several clubs from age 21 to 55, and I’d often wonder where all the time went — particularly when I faced Board members or club presidents that were 15 years my junior. It was always strange and sometimes trying, especially when my ideas (which I developed from years of industry experience) were challenged. I’ve heard many seasoned General Managers question how they should handle multi-generational Boards, especially when each Board member seems to have fundamentally different opinions about every topic under the sun. Read the rest of this entry »


5 Easy Reads for Private Club Managers

5 Books for Club Managers
There are millions of books out there claiming to provide value, but private club managers are busy people — and there’s no way to sink your teeth into everything. Instead, it’s about reading the right things – and we’re here to help! Here are the easiest and most valuable reads out there for club managers looking to improve their performance as leaders and industry experts. Check them out. You won’t be sorry!

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