So, you and a few wheeling buddies decide to create a name and a club is born. Starting a club is easy. Survival of the club is hard. What starts with shared values and vision does change over time. Your desire for the camaraderie and social life of a club needs to be tempered with the reality that you are really starting a small business. This is especially true if your club is an established club that hosts an annual event. You are involved in a small business enterprise. There are steps you can take to make your business (club) as success.
1. Start with a plan. A plan forces you to clarify your goals and how much money (time) you are willing to commit. Determine how you will allocate your time. Time is money and it is the most important asset you can invest. A plan helps you make a wise investment.
Read more about club organization and the pros and cons of incorporation types in the Access Notebook Your Club as a Business