Last week the new rec board met for the first time, and I believe the board had a very serious discussion regarding the issues facing the golf course. Since the board has probably been able to see the financials (or at least some of the financials), I wanted to ask some questions to the board:
1. What is your vision for success? Obviously making the golf course profitable is the end goal, but what specifics does the board see as being important to getting to that end goal.
2. What are your metrics for measuring success? Most successful businesses implement some kind of metric system to ensure one's vision is being followed and steps are being taken to reach that one's vision. For example: Is there a monthly membership number that you hope to reach by the end of April/May?
3. Since some on the board have probably seen the financial numbers from last year, what were the major issues last year? Were there areas of the golf course that had more problems than other areas? If so, what were those areas? Is there any kind of financial documentation that can be made available to us?
4. Will the board release year-to-date financial information in May/June/July/August/September?
Doesn't anyone have any answers?
ReplyDeleteSome very good questions for the board. I hope they respond to your questions with truthful answers. There is one question I would like them to answer. If the golf course loses money as it did last year what will be their idea for it? Sell it, lease it, or just try another year? The board and all those for the golf course very well might want to address this issue before year's end. Not that I want it to fail, but at least have in place an idea if it does lose money again.
ReplyDeleteYou have some good questions. But, it's to early to answer them right now. We will answer all questions in due time. There's a ton of figures to go through. We'd rather give you real answers later, than guesses now. Please be patient.
ReplyDeleteAl
Thanks for the feedback on that Al.
ReplyDeleteYou're welcome
ReplyDeleteHow much does a single membership and a family membership cost? Thanks for the information is advance.
ReplyDelete