The Epic [Strategy] Fail
This article first appeared in the March 2019 issue of BoardRoom Magazine Research shows that 60-90% of strategic plans fail. Developing a strategic plan takes discipline, brutal honesty, and requires foresight with trends, the economy, and society. Consider, for example: Club #1, 2008: built a ‘formal dining room’ significantly larger than its casual dining in a new clubhouse even though club trends and their consultant advised against it. The dining room is now closed excep
Is the Design of Your Club Costing You?
The past two weeks I have been writing about the need to involve operations in the operational planning stage of a renovation, in Part 1 and Part 2 of the "The Importance of Strategic Architectural Design in Club Operations" series. If you haven't given those a read yet, I encourage you to do so! Today I'd like to take a quick look at what involving operations in the planning stage of a renovation means for your numbers, so you can really understand what poor design could be
RCS Announces Strategic Alliance with Club Board Professionals
The RCS Hospitality Group is delighted to announce a Strategic Alliance with strategic financial consulting firm Club Board Professionals to further enhance our service offerings to private clubs. Club Board Professionals (“CBP”) and RCS Hospitality Group (“RCS”) announced today that they are forming a strategic alliance to further expand upon their strategic planning, operating and financial consulting, and staff and management training services to private clubs. “We are del
Why Membership Dues, Initiation Fees, & Capital Fees are KEY to any Long-Term Capital Plan
Editor's Note: Today's blog post is brought to you by RCS Strategic Alliance Partners and founders of Club Board Professionals, David Duval and Joseph Abely. DON'T MISS their free RCSU webinar happening May 17th, "Long Term Capital Planning: The Roadmap to Financial Sustainability". REGISTER HERE. We'll see you there! We are strong proponents that private clubs should have a 5-10 year long-term capital plan. A long-term capital plan should reflect all future anticipated capit