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 Assess Your Needs

 
 

The profit-driven budget is a bold new approach to developing and using a budget as a guide to set and meet financial goals. 

Assessment

Getting a new Club on board is the first step is getting your club engaged into our system. We start by gathering vital information to produce an IDEAL PROFIT while assessing CRITICAL NEEDS.

How much profit should a club generate from the revenue on hand?

How much profit do we need to meet our financial goals?

To answer these questions, we first need to understand what profit range a club should target based on revenue and then explore the critical needs and the allocation strategy to fund those needs.

 

Ideal Profit

Ideal profit is a range of profit a club should expect, operating at peak performance, given known revenue and expense makeup.  The Profit Acceleration System is designed to identify ideal profit, lay out the strategic objectives, justify revenues and costs and help operators meet the targets.

 

Critical Needs

Ideal profit tells how much should be generated while critical needs establishes how to use and how assertive to implement change.

Some examples of common critical needs:

·         Deferred maintenance (CapEx)

·         Cash flow to operate

·         Debt service

·         Build a cash reserve

·         Increase sales value (EBITDA)

No more spending hours upon hours trying to create the ultimate strategic plan, or developing metrics and KPIS that just simply do not matter. MavrIQ’s approach is BOLD and unique but more importantly, results driven.

Welcome to the MavrIQ world of managing golf courses, it’s going to change your view on profits in the golf business forever.