No money to invest in your facilities?

Today’s focus is the final Step 7 of 7 of A Winning Club – Do you have a master plan & understand why you must invest in your infrastructure?

If you do not you will be left behind.

The status quo is no longer viable.

A club should use a pro-active strategic approach to asset plans, which sees Asset & Risk Management, Strategic, Business Planning processes all closely linked.

The management of the club’s facilities is a key responsibility of Committees & is essential if the club is to maintain members, participants, sponsors & the public in a competitive environment.

Clubs should be forward-looking & prepare a 3-5 year Capital Expenditure Plan to assess the financial viability & approve the capital works or appropriate investment in the Club.

Why does your club need a capital plan: –

• To reinvest back in the facility to increase membership & patronage & improve the customer experience.
• To guide the committee
• Essential for progress & prosperity
• Protects the rights of members & sponsors, donors & the governing body along with protecting the long-term objectives of the sporting code.
• Limits reputational risk
• Assists with cash flow planning
• Assists for grants & funding

Get hold of Adam today on 0400761700 acarter@carmalkconsulting.com.au to get your club on track.