Picture this. You’re out in the wilderness, savoring the sweet scent of pine, the tranquil hum of nature, and the distinct crunch of a marshmallow surrendering to the gentle heat of the campfire. You’re at a campground, the epitome of leisure, relaxation, and freedom from the daily grind.
But have you ever wondered about the business side of these idyllic retreats? The accounting, the operations, the incentive plans that keep the wheels turning? No? Well, buckle up, because we’re about to embark on a wild ride through the thrilling world of… Campground Accounting!
Wait! Don’t click away just yet. I promise you, this is far from the yawn-inducing snoozefest you might imagine. For starters, our tour guide for this journey is none other than Donna, our resident CPA, RV enthusiast, and all-round accounting aficionado. With her passion for progressive perspectives on accounting and an uncanny knack for sniffing out opportunities, Donna is all set to breathe life into the unexplored territory of campground ownership.
So, let’s hit play on those bigger ideas and dive into the fascinating world of incentive pay plans for campgrounds.
It all started when Donna stumbled upon a unique incentive plan model during a visit to a manufacturing plant. This model operated on a simple but compelling principle — encouraging collaboration within a team to minimize costs and elevate the quality of service.
Here’s how it worked. If a product failed a quality check at any stage, the responsible worker had to fix the problem immediately. But here comes the twist. The worker wasn’t only fixing the immediate issue; they had to go back through the entire production line to rectify every single product they had worked on that day.
And the cherry on top? Any overtime pay earned by an individual worker was subtracted from the potential bonus for the entire team. Yes, you read that right. In this intriguing scenario, every extra dollar earned had a direct impact on the collective bonus of the team.
This unique approach created an intriguing interplay between individual actions and their repercussions on the team’s overall performance and incentives. It’s a win-win situation where employees are encouraged to be vigilant about their work quality, and their collective responsibility is rewarded.
Now, imagine implementing such an incentive plan in your campground business. The opportunities for growth and improvement are endless!
So there you have it, folks! A peek into the exciting world of incentive pay plans for campgrounds. If you’re intrigued (and how could you not be?), stay tuned for a more detailed exploration of this innovative approach. Because remember, there’s more to taxes than being on time, and there’s definitely more to life than business. And in the middle of all that, we might just find a way to make your campground investment work for you, without taking the most out of you. Until then, happy camping!
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Donna Bordeaux, CPA with Campground Accounting
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.