Tax Status: The Grass Is Not Always Greener
Read more on the benefits and drawbacks private clubs must consider when deciding whether to operate as a taxable or tax-exempt organization.
The Impact of Nonmember Revenue on a Club’s Bottom Line
Nonmember revenue can help advance, and impede, club growth. As the club industry continues to evolve between private member-owned clubs and public ones, the majority remain member-owned, focusing on the member’s experience rather than on public consumption. However, board of directors or governors of clubs are trying to fund operations without raising members’ dues while trying increase club use by nonmembers through offering nontraditional activities.
Attract New Members with Fitness Facilities
Today’s successful club offers more than just a club; it offers a lifestyle. Clubs have evolved from the traditional model in an effort to attract the new generation of members. Along with more family oriented environments and relaxed dress codes, one of the ways clubs have tried to deliver that desired lifestyle and attract those members is to add or expand on their wellness/fitness facilities.
The Budgeting Process is Critical for Clubs
In the recent past, clubs were forced to cut spending back due to a decline in membership and in spending by the members that remained. However, while membership desires may have been postponed they were not eliminated. The members want a new swimming pool, the grill needs some new furniture, the golf course needs a new irrigation system, the tennis courts need to be resurfaced and by the way, the club down the street is making these improvements.
Don’t Compare Your Private Club to a Restaurant
“Why is our food and beverage operation losing money?” “Why are we budgeting to lose money in that area?” “My buddy earns a fortune running [...]
How to Recreate the Country and City Club Lifestyle
Although many private golf and country clubs turned a corner in 2016 and began to attract more members, overall membership and revenue have still not [...]
Women and City Clubs – Out With the Old and in With the New
How do city clubs attract more women to join the club and, more specifically, younger professional women? The answer centers around amenities. Clubs need to think outside the box and offer amenities that will not only draw in women members but keep them.
It’s Not What You Think: Food and Beverage Is an Amenity
Articles on the topic of food and beverage (F&B) losses come out so regularly they are like a bad record stuck on repeat. Sorry (I’m [...]
How a Polo Shirt Can Help Drive Your Club’s Bottom Line
Everyone knows that the bottom line rules the day. It has become hard to balance member expectations against the realities of payroll and other costs [...]
Private Clubs: The Pressure Is on to Raise Dues
Clubs are in the dues business. They are the key to a private club’s success. Dues represent approximately 50 percent of the operating revenue of [...]