Club Benchmarking Advises How to Navigate the Financial Impacts of the COVID-19 Pandemic

As the U.S. coronavirus shutdown began in March 2020, Club Benchmarking‘s Founder and Chief Innovation Officer Ray Cronin received many calls from club leaders across North America. The stress Cronin sensed led him to devote over 100 hours of research, analysis and writing for a new white paper entitled, The Framework for a Strategic Response to the Coronavirus Crisis.

In this white paper, Cronin discusses how private clubs and communities can strategically navigate through the financial impacts of the COVID-19 pandemic, including topics such as:

• How to approach the immediate, short-term, and long-term effects
• Embracing a fact-based view of best financial practices
• Understanding a club’s true financial driver
• Applying what we learned from the 2008 downturn
• And more…

While the topics discussed in this white paper are critical to how club and community leaders across the industry should approach the COVID-19 pandemic, they are also extremely valuable when operating under “normal” circumstances.

Visit Club Benchmarking’s website to download the complete white paper and learn more about best practices for guiding your club or community to improved financial strength.