Golf Club Talk UK GCMA Insights - Dealing with cost pressures at Golf Clubs
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Feb 4, 2025 Gareth Morgan, Professional Development Manager at GCMA, joins Sean Boyle, General Manager of Chesterfield Golf Club, and James McLean, General Manager of Bognor Regis Golf Club, to tackle cost pressures facing golf clubs. They discuss rising business rates and minimum wage impacts while sharing innovative strategies for revenue generation. The trio highlights the importance of member engagement and effective communication during financial challenges and emphasizes long-term growth through collaboration and optimizing resources. Gain insights that could transform club management!
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Post-COVID Golf Club Trends
- Clubs are recognizing the end of the COVID boom and increased competition.
- They are prioritizing finance and marketing training, indicating a need to actively attract members.
Investing for Success
- Focus on investments and savings, not cuts, to improve your golf course.
- Consider boreholes, solar panels, golf studios, and biodiversity net gain for revenue generation.
Balancing Revenue and Costs
- Bognor Regis increased F&B revenue by £48,500 but faced a £40,000 rise in employment costs.
- This highlights the impact of minimum wage and National Insurance increases.