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Cost of Golf: Business Golf is a Solution
07/27/2007 11:13:31 / like playing 36 holes
I frequently read about how
some of the changes in our culture and society surrounding golf are going to impact
the costs associated with providing golf.
Some experts in the golf industry predict good things coming and some
predict that golf is finally meeting its match.
Even others are saying that if the changes the golf industry faces today
are not addressed, golf will fall back to what it was 60 years ago.
So what are some of the good
things and what are some of the things experts are saying are going to put golf
out reach of the average middle class golfers.
The good news is golf is
very popular. More people are playing
golf than ever before. Estimates are
that there are now 80 million golfers around the world. A few years ago it was 47 million. People are finding that golf fits their needs
personally, socially and now professionally.
Still on the good side of
things there are a huge number of business people who are interested into
getting into golf but are hesitant because they cannot figure out how to make
it fit into their busy day, or find a way for golf to help their business.
On the downside of what
could take place in golf, experts are predicting the regulations our government
is going to have to put into place on immigration will shake the golf industry
to the core and will result in operations costs for golf facilities to
rise.
What is taking place today
with golf facilities, public and private, is the discounting of green fees, and
other services provided at golf facilities, to be competitive. This style of management will stress the
balance sheets for golf facilities if changes are not made and solutions found.
The operation’s budget of a
golf course is huge. It takes a lot of
resources to maintain a golf course. The
continuing increase in fuel costs has impacted the bottom-line but now the
increase in labor costs will force golf facilities to raise the greens fees.
This would result in golf
being thrown out of reach for a large number of golfers.
However, there are
solutions. Remember those business
people who want to get into golf if they could find a way to benefit their
business? If they could only learn how
to make it work...hummmmm, wonder who could help them?
Golf facilities need to look
outside the normal approach they use today of how many tee times they need to
book to float the golf course operation’s budget. Golf facilities, as well as many golf related
businesses, need to take on the challenges facing golf head on and not default
to something that will not work any longer.
Bottomline: Golf facilities need to find solutions now to keep golf going on into the future. There are some solutions that need to be looked into now. ...let
me know how I can help.
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