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8/15/2012 12:26:02 PM
 
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Section 5: OPA Board Subject: Vote YES on YC Referendum Msg# 839621
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The issue is poor management top to bottom. I see no reason why the current Yacht Club should not have been breaking even. With proper management it should have
Al, Its hard to believe that in all these years with various managements and Boards we have been unable to break even. I think it goes beyond poor management. In 2003 OPA paid $15,000 for Faw Casson & Co an independent consultant to analyze our food & beverage operations. They found many short comings in our management and internal controls, some of which have since been corrected. However the report also emphasised that our operations are considered "low volume" and as such , because of the economics of scale it is difficult to make a profit. "The is industry itself is considered by many to be one of the most difficult, with a very high failure rate". That is one of the reasons why I believe we must down size to seasonal building with a down sized manageable business and with a business plan to match. Think Beach Club operation. Short of kicking our customers in their back sides and telling them never to come back again, it is would be difficult not to at least break even. Norm |
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For reference, the above message is a reply to a message where: I care, and I'm sure many others do as well. I suppose just as catering disguises and enables poor management in the Yacht Club, some profits at the Beach Club can also disguise poor mangement. The Beach Club should be addressed. I've tried that in the past and recently as well. However, at this time talking about the Beach Club is just a deversion from the Yacht Club. Norm; This is the larger issue. We do not have management capable of operating a business. Success to our BOD & GM is a large crowd, not whether resources are managed well or the bottom line. As Joe points out, at the Beach Club no one pays much attention if it makes $50K even though perhaps it should make $100K. And catering makes sense, if we can do it in the space available, since it does produce better gross revenue. The issue is poor management top to bottom. I see no reason why the current Yacht Club should not have been breaking even. With proper management it should have. Proper hours and cost control could have achieved that and the current referendum would probably have a better chance of passing, not that is won't anyway. Effectively managing whichever facility is there is what is required. It makes me wonder how much of our assessment is squandered through ineffectiveness in other areas of operation where no P&L is available. |
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