Soren and Matthew Spiers, founding and senior partners of Visions Alliance, discuss their fractional CFO services for clubs. They help clubs manage financial systems, recruit and train controllers, and provide interim financial oversight. They emphasize the importance of internal controls, accurate budgeting, and key performance indicators (KPIs) like daily labor costs and cover counts. They share strategies for balancing member experience with financial stability, such as pay-as-you-go financing for capital projects. Looking ahead, they predict a focus on wellness and lifestyle amenities to attract younger members. Visions Alliance aims to enhance club operations through efficient financial management and best practices.
Insights
– Labor cost management is a critical concern for clubs, especially during busy seasons.
– Financial blind spots include lack of internal controls and not following best practices.
– Human resource regulatory obligations pose significant risks if not properly managed.
– Aging membership can be reluctant to invest in long-term club improvements.
Also on this episode of the Club + Resort Talks podcast … Baker City, Ore., is upgrading its Quail Ridge Golf Course with a $1.3M irrigation system to conserve water and support tourism. Despite adding 450 sprinkler heads, the new system at Quail Ridge significantly improves efficiency by allowing individual control of each of the 650 heads.
Troon will provide development services at Three Bridges, a new luxury residential-resort community in Salem, Utah. In addition, when community amenities begin to open in 2026, Troon Privé, the private club operating division of Troon, will manage club operations, agronomy, food & beverage, and membership sales and marketing. Three Bridges will feature multiple lifestyle amenities including an 18-hole Robert Trent Jones II designed golf course and an all-season pickleball and indoor golf facility, hiking and biking trails.
Last, but not least, Erie County, N.Y., plans to convert the former Westwood Country Club into Willowdale Park, featuring a restored nine-hole golf course, trails, and inclusive amenities, with funding secured and public opening set for 2026.