‘An Ever Evolving Business Model’
On the relevance of the company ten years hence:
Golf as an industry has made a dramatic shift towards technology in the last decade. GolfLan has equipped itself with advanced technological solutions for the golf industry in the last five years, which are now becoming a critical aspect of golf course operations and revenue generation. In the coming ten years, GolfLan is poised to be at the forefront of this technology revolution on a global scale.
On the future of the business:
Most golf companies and startups wrap up operations because of a stagnant business model and product line. The biggest growth and sustainability factor for GolfLan has been an ever evolving business model and adoption-execution-discarding of product lines, to develop an organisation that is relevant, required, profitable, scalable. GolfLan’s product portfolio of golf course technology is gaining depth as well as width. The next ten years will be about advancing the current products as well as covering significant aspects of Golf course operation optimisation and revenue enhancement.
On creating wealth:
At GolfLan, we are doubling our revenue year-on-year – with the least amount of capital influx. The company has closed the financial year 2017-18 at $2.5 million. Our regular product and market expansion has allowed for consistent revenue growth and a varied product portfolio that covers most needs of golfers and golf courses.
On the impact of new-age ideas like AI on the business:
GolfLan will be building an Advanced Data Analytics platform for the golf industry to improve the golfers’ game by helping the golfer make smarter decisions and shoot a lower score. It will help capture thousands of data points in every round. Users then receive unequalled insights about how far to hit each shot, which club to use in every situation, etc.
