Even during “normal” times, budgets, accounting, and finance are subjects that can seem daunting and sometimes overwhelming. Add a pandemic, and the thought of looking at your budgets that need to be adjusted is even more of a struggle—and just one more thing to add to your ever-growing list of to-dos. Every company has had to make changes to the way they operate, including the way finances are handled. And this may have caught some off guard.
When the COVID-19 pandemic hit, one thing Stone Creek Club and Spa President and General Manager Larry Conner did not need to worry about was sitting down to plan a new budget from scratch. Instead, he changed some numbers around, and was easily able to create three different budgets to prepare his business in the case of three different scenarios—every month.
“My model was built for it, I was very thankful for that,” says Conner, whose club is located in in Covington, LA.
He recently sat down with us ahead of his presentation “Preparing Budgets for Every Scenario,” which will take place at the IHRSA Innovation Summit on September 17, to highlight some budgeting tactics that are useful during these times we are dealing with now, and what you can expect to learn during his session.