If you are in charge of running a country club or other private club, or own one, you may be on the fence about hiring a private consultant to help you with the business. Learning the pros and cons of private club consulting can help you make an informed decision as to whether this is something that is right for your business. Here are a few of the pros and cons of private club consulting.
Cons of Private Club Consulting
- It Can Be Costly
One of the biggest downsides to hiring a private club consultant is that it can be costly. Many private club consultants or country club consultants charge a high hourly rate for their services. If your business is struggling to make ends meet or is on a tight budget, this simply may not be in the cards for your business or the business you are running.
- There is Only So Much a Consultant Can Do
The other disadvantage to using a private club consultant is that there is only so much that they can do to help your business. Many people bring in a consultant if their business is failing or not thriving. While a consultant can help give you advice, such as how to draw in customers, and help you put together a financial plan, they can't implement these strategies for you or bring in customers for you. As such, if you are using a consultant, it is important that you understand what they are capable of and what they are not capable of. Your business will not turn around overnight with these services, nor can they always fix a business that is not thriving.
Pros of Private Club Consulting
- Consultants Can Put Together a Strategic Plan
One of the biggest benefits to using a private club consultant is that they can put together a strategic plan for your business. This is always best to do when the business is young, and every couple of years thereafter. Having a strategic plan is important with private clubs, as often times, people pay large amounts of money to buy into the club, but smaller annual dues thereafter. As such, you need to have a strong plan in place to ensure the fees you are charging are adequate, or your business will not survive. A strategic plan helps you do just that.
- Consultants Have Experience You May Not Have
The other major advantage to using private club consulting is that the consultant often has experience that you may not have. They have worked with other country clubs and private clubs and have seen the way different ones operate. They know what successful businesses do and what unsuccessful ones do. They can then use this insight and experience to give you sound advice for your business. It is like having a fresh set of eyes look at your business goals and strategies and give you advice.
Deciding to hire a private club consultant can be a big decision. If you are considering this, take the time to learn the pros and cons so you can make an educated decision that is best for your business.