What is the most effective way to determine if your facility can afford a recommended expensive golf car model?

The most effective way to determine if your facility can afford a recommended expensive golf car model is to forecast revenue, expenses, and income. This approach allows you to analyze the financial implications of the purchase, ensuring you have a clear understanding of how the investment will impact your overall budget and financial health.

By forecasting revenue, you can estimate the additional income that may be generated through the use of the new golf car, such as increased customer satisfaction and potentially higher green fees or cart rentals. When examining expenses, it is crucial to account for the total cost of ownership, including maintenance, fuel, and any additional staffing that may be required. This comprehensive financial analysis provides a solid basis for decision-making.

Understanding income projections in relation to these factors gives you insight into whether your facility's financial resources can support the purchase without jeopardizing other critical operational aspects. Combining these elements helps you make an informed decision about whether investing in the expensive golf car model is feasible and aligns with your financial goals.