Culture to Cash Blog/Strategy/The 7-70 Rule: How a Golf Course Embodies this game changing philosophy.

The 7-70 Rule: How a Golf Course Embodies this game changing philosophy.

Wednesday, January 18, 2023

๐˜๐˜ช๐˜ฏ๐˜ฅ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฏ๐˜ช๐˜ค๐˜ฉ๐˜ฆ.

๐˜‰๐˜ฆ ๐˜ถ๐˜ฏ๐˜ช๐˜ฒ๐˜ถ๐˜ฆ.

These are great to strive for but it is tough for a lot of Business.

So I am always in awe of those that truly accomplish it.

And when I get to experience the customer end of it, I enjoy the moment.

And yesterday I definitely got to enjoy & experience it.

Built for a sport beloved by millions.

This Sanctuary is unlike any other golf course I have been on.

There was grass.

Tee boxes, bunkers, trees, etc.

But something is/was different about the experience at the Sanctuary.

So how was this golf course 7 miles from my home, 1 mile from another course I have played, so unique?

Iโ€™ll give you two examples today.

๐Ÿญ๐˜€๐˜ ๐—ถ๐˜โ€™๐˜€ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ถ๐˜๐˜†

You canโ€™t just call and book a time

Money doesnโ€™t get you access

Itโ€™s not open to the Public.

But it isnโ€™t a membership based Private Club.

Play is limited not by membership, but by linking tournaments and other events to the support of charitable organizations devoted to the arts, children, health care and crisis management.

๐Ÿฎ๐—ป๐—ฑ ๐—ถ๐˜โ€™๐˜€ ๐—ฃ๐˜‚๐—ฟ๐—ฝ๐—ผ๐˜€๐—ฒ

The course and idea itself conceived by RE/MAX, LLC Co-Founder Dave Liniger, exists to use golf as a tool to support and nurture some of our communityโ€™s most valued non-profit organizations.

Success of the concept has exceeded all expectations. To date over 538 Events and 117 million net dollars to directly benefit the many constituents they serve.

There is so much more that creates the unique experience that is/was the Sanctuary.

โ›ณ๏ธ The Golf was amazing

๐Ÿ‘ฅ Staff impeccable

๐ŸŒญ Food amazing

๐Ÿ” Scenes breathtaking

So what does this teach us about Business?

๐—ง๐—ต๐—ฒ ๐Ÿณ-๐Ÿณ๐Ÿฌ ๐—ฅ๐˜‚๐—น๐—ฒ

Find a niche no bigger than 10% within a broader industry then own 70% of that niche.

The Sanctuary is in a very broad industry. But they have narrowed down and created a much like nothing I have seen or heard before.

Another example for the 7-70 Rule.

IKEA, at โ‚ฌ30 billion in revenue, only has 6.9% share of the furniture retail industry, yet they own 72% of the highly lucrative "flat packed" segment of the industry.

What niche do you own within your industry?

How can you apply the 7-70 rule to take your Business to new levels?

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Until Next Time.

Nick Scarabosio

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NICK SCARABOSIO

EXECUTION & RHYTHM

18 years in Real Estate & Property Management, 10 more in the Fitness & Gym Industry from Coach to Owner has taught me a thing or two, and the main one...

It's ok and in fact it's necessary that I follow my own Purpose, Passion & Vision to help Married Business Owners, Ignite their Relationships, Lead their People & Scale their Business so they can purse the same!