Recession?
Is Your Club Ready?
Is a recession in our near future? I’m no economist, but enough of them are predicting one that it would seem prudent to prepare accordingly. Some think it will be sooner than we might expect, as articulated by economist Sven Henrich for CNN. The president, running for re-election would prefer we view the economy more positively and credit him accordingly next November.
Regardless of how you view current economic conditions, the potential for economic downturn after 11 straight years of expansion warrants consideration, at the very least in planning your club’s future. Pilots are taught to “stay ahead of the airplane” and what I am suggesting here is that golf and country clubs (especially member-owned), often burdened by a cumbersome decision-making process seek to similarly stay ahead by planning intelligently for the future.
