When thinking about a club sports organization, the first thing that comes to mind is probably not “small business.” However, that is precisely how directors of these outfits should be thinking about their operation if they are interested in growing and rising above the status quo.
It is no secret that club sports are now a big business. A recent CNBC report, citing a study by the Sports Facilities Advisory, indicated that youth sports – in travel alone – comprised a $7 billion industry (1). Participation is way up. Forbes notes that somewhere over 35 million children are playing youth sports (2). The list goes on.
As this has occurred, however, some club organizations have been reluctant to change any of their habits. When thinking of these through the lens of small businesses, however, this is not surprising.
...