Why is member’s equity important to your club? That’s what will ultimately determine the ability for you to invest in the assets for your club.
It’s no secret that some clubs do it more successfully than others, but what is the threshold for success? Watch Ray Cronin, Club Benchmarking Founder & Chief Innovator, and Lynn Mangan, President of Clubessential, break it down with visuals and terms anyone can understand.
This video is an excerpt from the webinar, A View Forward. Topics discussed included how clubs can:
- Make operational decisions with both the safety of members and the financial health of the club in mind
- Uncover and understand key financial metrics and member utilization trends to plan for and measure a return on capital investments
- Ingrain a balance sheet focus in the boardroom with accurate data