Club Operations Financing & Staffing

Call to Action:

1. Implement a new revenue source
2. Reduce or eliminate an expense line item
3. Consider implementing a different staffing model

Notes from session:

Goal is to have a corporate structure, revenue, expenses, and staffing that are sustainable for the long term.  15 Slides

1. Four main areas:
   1. Corporate Structure & Governance: For profit, non-profit, Partnership, or Sole Proprietorship. LLC is strongly encouraged, can be any of the former.
   2. Revenue – 10 items on bullet list. Don’t leave money on the table
   3. Expenses – 10 items on bullet list. Use real data to drive decisions on expense management, cost/value analysis.
   4. Staffing – how many, how to manage. If employee is a contractor, not W-2, make sure they come up with the workouts, not you.  You can provide a (say) 3-mo season plan which the contractor coach follows to create workouts.  Coaches do the details.