How do you get your club on track?
Recently, I highlighted the 7 key areas in having a Winning Club.
My focus is on Step 4 of 7 – Have a budget & measure your performance.
I hear you say, budgets, what a waste of time.
What does the management & the committee do with them?
Do you understand the key drivers of your club to help you perform & operate on a daily basis to get you to the finish line?
Key reasons your club needs a budget
- It is a guide & target
- It keeps your eyes on the finish line
- Holds you & your team to account
- Monitors your revenue, costs & cashflow
- Use a budget to measure how well you are actually performing & adjust your strategy to get you on track
Some key drivers I see at a club are:
- The People who provide the product & service
- The Community with engagement & the ability to give back, support of volunteers
- The Fan & the loyal supporter & how you engage with them in a real & genuine way
- The Sponsor & partners
- The Service offering maximising margins whilst being competitive
- Timely data
Can you think of what some of the drivers of your club are?
Get on track today
#Whatyoumeasureyoucanmanage #strategy #getontrack
