1 Response to AGM Success

1. Don Morris says:

   February 4, 2014 at 8:21 pm

   Well done Ian and all the committee for getting the project this far.

   I left the meeting thinking about one thing in particular – working capital, the thing that kills most businesses/projects in the early years.

   It would be interesting to learn if the funding providers would be willing to allocate some of their money to working capital – without it the project they are funding could become (in the worst case scenario) a ‘dead duck’.

   Of course they may argue that this should be provided by the club so it is a sensitive issue but one worth pursuing with caution.

   It all comes down to recruiting enough members who are willing to pay a reasonable sum (more than most existing club subscriptions I suspect) – I know this is stating the obvious and I know it is something which is already being thought about.

   One idea off the top of my head is to sell 5 year memberships at a discounted rate – money up front of course.

   Another possibility is some form of debenture or loan arrangement to people who really want to support the project.

   One other question I have is one off ownership – who will own what ? at what point do the greens and equipment become the property of the club?

   Just a few initial thoughts…

   Cheers

   Don Morris

   Reply

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