Wake-Up-Call Real Stories
Fred owns a daily fee golf course and, like most owners of golf courses, the competition is fierce. There are good days and bad days. Although Fred has what appears to be a successful enterprise, as most owners know, operating a golf course often offers more challenges compared to other businesses.
One of the major problems Fred faces is that his assets are tied up in land. Fred has more land than he needs but doesn’t know how to successfully convert some of the excess acreage to revenue-producing opportunities.
A Concentrix Wealth Advisor, after performing an analysis of Fred’s situation, would recommend that Fred consider establishing a revenue-producing small condo hotel that could be structured to generate both income and attract more players to the golf course. Fred’s location would be ideal for a small luxury hotel due to his proximity to large corporate headquarters.
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