Celebrate this day by checking out this Golf Course Startup Financial Model by Jason Varner. This Best Practice will allow you to create revenue forecasts to financially model the profitability of your golf course.
This ready-to-use Excel model can be downloaded instantly on Eloquens.com, along with other financial modeling Best Practices to help you grow your business.
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National Golf Lovers Day occurs annually on the 4th October. Golf lovers come together to celebrate golf, with the PGA having often held charity events on this day since its conception in 1952. It is widely believed that golf originated in Scotland in the 15th century, with the world’s first golf tournament, The Open Championship, being played in Ayrshire in 1860.
There are just over 34,000 golf courses, 45% of which are located in the United States. There are different types of golf course available to the player, the main two being ‘short courses’ of which consist of less than 18-holes, and the typical 18-hole course. These courses may be managed by a municipality, a private group operating on a non-profit basis for its members, or a commercial business aiming for profit – such as Gleneagles in Scotland.
Starting you own golf course can be a big step in your business career. With over 20 million people playing golf in the US alone, the golf industry is a big market in which to enter. It is necessary to have a strong business and financial model in order to project more accurately the revenue and expenses linked to a golf course venture. This will, in turn, enable you to raise capital, budget effectively, and value your business. Here are some links that may broaden your understanding of golf as a business: