I was on the road again last week, traveling to Richmond to speak to the Central Virginia Chapter of the Hospitality Financial and Technology Professionals. Attendees met Thursday afternoon at the Willow Oaks Country Club to hear my presentation on Tools to Beat Budget - a program that provides a disciplined approach for club Department Heads to monitor their revenues and expenses in a more timely manner. In addition to keeping managers in closer touch with their numbers, the program has proven itself to be an important tool in preparing more accurate budgets with far less effort.
One of the more interesting things to come out of this meeting during a discussion of overtime costs, was the fact that none of the clubs represented had modified their workweeks and/or pay periods to reduce overtime.
The next day while making the same Tools to Beat Budget presentation to the management staff at another Richmond area club, the General Manager directed his Controller to investigate modifying their workweek to take advantage of this straightforward strategy to cut OT.
To find out more about how you can dramatically cut your overtime costs with one easy change, click here.
As with so many things that club managers can address during this economic downturn, much of it is about focusing on the basics.
Next week: 8 Key Basics to Successfully Operating a Club
Thanks and have a great day!
This weekly blog comments on and discusses the club industry and its challenges. From time to time, we will feature guest bloggers - those managers and industry experts who have something of interest to say to all of us. We also welcome feedback and comment upon the blog, hoping that it will become a useful sounding board for what’s on the minds of hardworking club managers throughout the country and around the world.
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