Looking ahead to 2012 as we do at this time of year, because we’ve had some new members join us and membership sales are going well, I know our board will be expecting an increase in top line and probably steady as she goes in expenses.
I think that everyone’s in a tightening-the-belt mode, but because of the members we’ve brought in, the top line can be enhanced through dues, cart fees and guest fees.
That’s just me hypothesizing because of the increased numbers and trying to keep expenses in line, which you always do anyway, no matter what kind of year you’re expecting.
The economy isn’t scaring me too much at this point, but you never know. If something catastrophic happens with everything that’s going on in Europe, we’ll deal with it at the time.
One of the reasons, I try not to be overly negative is that there are good news stories out there and our rise in membership is one of them. I think it’s exciting because it shows that many people aren’t as worried about the economy as they were two years ago.
This was my third season at Coppinwood and we had a big push at the beginning when memberships were going for $19,000. That has since risen to $44,000 and we continue to sell.
I think there are other good news stories out there as well because there are always operators who can make it work in all economic conditions, be it a golf course, a restaurant or a home business.