Keep Your Trades and Vendors Honest
We’ve been working with a Golf Club recently to review their expenses. As part of this work, we have been reviewing the terms, contracts and arrangements they have with many of their vendors. In doing this review we found that comfort and “the way we’ve always done it” are not always best reasons to stick with one company for years. Often there is a different way, price, or service level that in the end will improve your businesses bottom line.
Keep your current vendors honest. Shop their goods and services around every 2 or 3 years at minimum. Make sure you are getting the best service and price that are available to you. If not, make a change and improve your bottom line. It might be hard to do or require a bit of extra work but it will improve you business. Often these “service” arrangements are in need of a review and can impact your business more than you think. But all changes require you to get out of your comfort zone, even if just a little. So do it regularly. Review your suppliers, it’s worth it!
Outsourcing or Shopping Around
During this process the greatest savings were found in linen. In doing a review of the current plan, re-analysing the needs of the business and shopping the job around to several suppliers we found almost $15,000 in price savings. And obviously we made the change!
Change is a tough thing to do when you have a long term relationship with another company, but golf courses are generally small business and every bit of savings leads down the road to better profitability.
Review all your arrangements this off-season and improve your bottom line!
We, Jeff and Tara Ciecko of CK Golf write two blogs, one is our 19th Hole Blog where we share personal experiences and the other an Industry Blog where we comment on general business and internet marketing best practices, sales strategies and give golf industry related opinions. We have owned CK Golf for 9 years and provide marketing, social media and business services to the golf and other industries. As of August 2016 our life and our business will be ‘location independent’. Our 19th Hole Blog is about the places we visit and the things we do. You can also follow our road trip at foodwinetravel.ca/roadtrip. If you have any questions or comments, or happen to be in the same location as us please reach out and contact us anytime.