Serving Success: Key Elements to Crafting A Volleyball Club Business Plan
The success of a volleyball club depends not only on the passion for the game but also the strategic building of a volleyball club business plan. A successful business plan requires careful consideration of several factors. In this blog post, we dive into the essential elements of a volleyball club and what we recommend to make your business plan successful.
Important Aspects to Consider For Your Business Plan
The most important features that you need to include in your business plan are teams, leagues, and tournaments. Mainly, teams are valuable because they are instant customers with consistent revenue, year-round. We do recommend that you own the team organization or the facility. It will make management easier for your club. Also, most good facilities will have four courts at the minimum. This makes it easier for your teams and leagues to come in and train when necessary.
We recommend having both a tournament team and a development team. The tournament team is your travel team playing in higher-level tournaments, like Open or Club. The development team tends to not be as skilled, and they go more to the Classic tournaments.
Expenses For Your Volleyball Club Business Plan
The two biggest expenses are the coaches and the facility. Mainly, coaches are under a 1099 – they’re independent contractors. However, many businesses pay the expenses for a coach to travel to a tournament. Also, the facility costs can be high, depending on ownership. If you rent the facility, it becomes way less profitable – you will need to pay rental costs and will lose access to managing the pricing for concessions or gate fees. The operating costs for a volleyball club are an important addition to your business plan.
Gate fees and concessions are a nice addition to your profit during tournaments. Concessions for volleyball tournaments are usually just selling spirit wear to the team’s friends and family. Adding a price to get into the tournament itself can also add to your profit. However, you do have to be careful – some states have governing bodies that regulate gate fee pricing. For example, some places like the Ohio Volleyball Association will not allow gate fees. Others, like the Ohio Valley Region, permit gate fees under a certain amount. It’s something to consider when creating your business plan.
Summary
There is a lot to consider when creating a volleyball club business plan, from adding teams to managing concessions. It can be difficult to plan ahead for everything. For advice on how to build a business plan that encompasses all these issues and more, book a free consultation with our experts.
