The BOUNCE business concept is springing into action as the business grows and develops from it’s launch in 2015. We catch up with Shaun and Nicolle to learn more about their start-up.
Shaun Strydom and Nicolle Weir have known each other for close on 20 years where they developed a strong professional bond while working together at Deloitte. Since leaving Deloitte they often joked about getting together again in some form of business opportunity and after discussing the opportunity with BOUNCE it was clear that this was the one….
Entrepreneur caught up with Shaun and Nicolle to ask them about BOUNCE INC.
Truth be told when we initially got presented the opportunity we did not fully appreciate the concept as in many respects it was foreign to ourselves and the SA market. It took many discussions and eventually a visit to one of the international BOUNCE venues where we were blown away by the concept and overall professional setup.
BOUNCE is such a unique business that offers a healthy, fun and an accessible adrenaline rush to pretty much anyone and everyone.
Ultimately, we are ourselves quite discerning when it comes to professionalism and service and as parents we are both very sensitive to identifying quality offerings for families in the market.
Following lots of due diligence into BOUNCE and other similar businesses around the world it was clear that BOUNCE was the leading Brand and organisation in this category.
What lessons have you learnt in the first year of Bounce?
Part of what we loved about the BOUNCE Brand was our ability to recruit young and often inexperienced staff and give them opportunities to grow and develop, specifically as youth employment is a huge need in SA. We initially battled to keep up with the amount of people streaming in through our front door – you can train staff in a “classroom” environment but nothing really prepares you for those first few weeks when the public are bubbling over with excitement and all they want to do is BOUNCE.
We are very proud to say that the team has really stepped up and we continually get compliments from customers around the level of service from our staff – it’s something that we are passionate about and we will continue to keep driving a customer centric business. Our staff also have fantastic international opportunities to work at other BOUNCE venues around the world.
Did you ever expect Bounce to be as well received by the South African public as it has been
It is fair to say that the build up to our opening on 12 June 2015 had its share of sleepless nights and sweaty palms.
- What were we thinking?
- This huge investment!
- Our reputations?!
- A new Brand and a totally new concept and the first of its kind in Africa!
- Would this work?
On the day that we opened, our doors were almost pushed over with kids and families streaming into bounce. It was, to say the least, a very emotional and humbling moment.
We never expected the Brand and response from SA to be so overwhelming and it continues to grow as people from all over SA are calling for BOUNCE to come to their city or area – we are very grateful for this, as ultimately, this business is for all South African’s. Continuing to deliver on the BOUNCE experience and staying ahead in the market is what gets us out of bed every day.
Where to from here…Launching Menlyn Maine and Fourways. What is your vision for the company?
We will be launching 2 more venues in Gauteng this year – one in Johannesburg and the other one in Pretoria area. These venues will include some new innovations and surprises for our customers. Our plan is to open a BOUNCE in all major cities in SA as part of our initial rollout plan including KZN, Cape Town, Port Elizabeth, Bloemfontein, Polokwane, Mpumalanga which are already in motion.
There are a lot of competing trampoline parks that are emerging now, how do you feel about this?
It is great to see the market being opened up following our launch and believe this will assist in stimulating and educating the market on the many benefits of Trampolining.
Our primary concern however with other operators is that they are not necessarily following the world’s leading safety standards in terms of design, equipment, safety padding and training of staff. This could have a negative outcome for a new growing industry if profit is put ahead of safety.
It is for this reason that we welcome the fact that the South African Gymnastics Federation is busy implementing a South African Trampoline Parks Association whereby membership will be based on meeting stringent safety standards. They are looking to adopt the Australian Trampoline Park Association (ATPA) Standards which are considered the most stringent in the world. We are obviously very excited by this move as BOUNCE already complies with these strict standards in every aspect from design, equipment, padding, operations and training of staff. Furthermore we are very proud of our first year safety record which is well below the ATPA average rate of 2 significant injuries per 10 000 jumpers.
We will work towards educating our customers to ensure they appreciate the importance of a trampoline park that meets strict safety standards and it will also give us the opportunity to differentiate ourselves from our competitors in the market.
Who is your target market?
The best part about BOUNCE is it doesn’t matter if you’re under 5 or an action sports junkie in training – you’re never too old or too young to have an awesome time.
The benefits of Trampolining are universal and therefore our target market is very broad although we have specific programs designed for each customer segment and age category.
BOUNCE is packed with lots of things to do with kids and the family; it takes the rush of getting airborne and adds a bunch of new dimensions – from aerial maneuvers to slam dunking, wall running and dodgeball warfare.
What are some of the unexpected challenges of running this sort of business?
One of the biggest initial challenges in bringing BOUNCE to South Africa was finding the right premises in the ideal node at a price that makes commercial sense. You need a landlord to take a risk on a new concept and new Brand and a very large space.
Subsequent to opening our doors and as the BOUNCE Brand has gained popularity within South Africa, property is no longer a challenge however the challenge now is not chasing every opportunity but to be discerning about where and how many BOUNCE venues we roll out within South Africa.
We believe the greatest on-going challenge will be ensuring our staff remain at the top of their game and are well trained both from a safety and a customer service perspective. We believe that this will be the secret to differentiating us from our competitors along with our innovative new offerings that we will be introducing into our new venues.
See more on BOUNCE on the website: www.bounceinc.co.za.
Get The Edge This Winter
Five short courses from WITS kicking off in July will give you the competitive edge.
From Gauteng’s most trusted provider of the best learning experiences, come five WITS-curated courses starting in July 2019. Use the longer, colder days to curl up with a “good book” and emerge from winter with a new edge.
There are three online short courses offered via the WITS Digital Campus, starting 15 July.
Managing Labour Relations
This 10 week course will equip you with sound knowledge of South Africa’s complex labour landscape and an understanding of your legal rights as an employee or employer.
You will also learn skills for navigating employer / employee relationships successfully, and get tools for managing disputes effectively. There are eight modules, covered in online lectures over eight weeks, requiring a commitment of five to seven hours per week. The exam is in week 10.
Logistics and Supply Chain Management Practice
This 10 week course is packed with practical and theoretical information to help retail managers, supply chain supervisors, stock controllers and even CEOs drive efficiencies in the value chain.
It covers everything from improving exporting transportation, warehousing, order processing and procurement to financial management and managing waste. There are eight modules, covered in online lectures over eight weeks, requiring a commitment of five to seven hours per week. The exam is in week 10.
Applied Digital Marketing
We operate in an increasingly digital world and traditional marketing must include digital aspects and channels to be relevant.
This 10 week course will teach you to think digital, talk digital and deliver effective digital campaigns to elevate marketing and brand-building initiatives. You will learn to conceptualise and implement successful digital marketing strategies that drive customer acquisition, optimise your digital footprint and deliver business results.
There are eight modules, covered in online lectures over eight weeks, requiring a commitment of five to seven hours per week. The exam is in week 10.
Comprehensive onsite courses in July include:
Real Estate Investment Analysis
This intensive five day course is for people who have been introduced to the real estate discipline at NQF 4 and NQF 5 levels. It is designed to provide higher level, more focused training as well as tools for analysing different types of real estate investments at the individual asset level, and measuring investment performance.
The course will benefit property practitioners who do not have property degrees; past graduates of SAPOA programmes in different aspects of the real estate business and people from different disciplinary backgrounds considering entering the profession. The course takes place over five days from 1 to 5 July 2019.
Advanced Performance Management
Presented by the School of Accountancy together with Wits Enterprise, this course is designed to prepare students for the Association of Chartered Certified Accountants (ACCA) Professional level exams.
On completion of this course, you will be able to:
- Use strategic planning and control models to plan and monitor organisational performance
- Assess and identify key external influences on organisational performance
- Apply strategic performance measurement techniques in evaluating and improving organisational performance
- Advise on business performance evaluation as well as recognize vulnerability to corporate failure
The course will run from 15 July to 22 October 2019.
For more information on registering for any of these courses, criteria for registering, and costs, visit.
This article was originally posted on Entrepreneur.com/sa.
The Importance of Outsourcing Your Payroll
One of an organisation’s biggest overheads is that of salaries and wages. And yet, if these are not processed on time, it can negatively impact staff morale and create the impression that the company is not financially stable.
For a small business, payroll is normally the responsibility of an accountant or bookkeeper, but even administrators can sometimes be roped in to do the job, even though they have no expertise in the matter. This is where the value of outsourcing your payroll comes in.
When should you outsource?
- If you want to grow your business but are not aware of ongoing legislative changes that could pose a risk to your company, then it is better to get professionals to assist.
- Accountants and bookkeepers are not specialists and do not keep up with the compliance environment. If you outsource your payroll, you enable them to focus their core duties and not get bogged down by legislative complexities.
How to choose an outsourced service provider
Understandably, payroll is a sensitive subject dealing with highly confidential information.
This is often the last thing a small business owner wants to outsource. It is therefore vital that the company does its homework and researches the potential outsourcing partner thoroughly.
Instead of going with the first available service provider or the cheapest one, here are some questions to ask:
- Is the service provider a one-man band and, if so, what backup resources are available?
- Is the service provider a recognised payroll provider belonging to a professional body?
- Do they have the necessary training and skills on payroll?
- What does the service provider do to ensure it stays up to date with legislation?
- How secure is the payroll data and can the service provider take on historic data?
- How easy is it to recover your payroll data in the event of a disaster?
- What value-adds can the service provider offer? These can include anything from leave management and third-party payments, to employee self-service, time and attendance management, and any other related human resource service.
- Can they process salaries and/or wages hourly, weekly, fortnightly, or monthly?
- Can the service provider accommodate your growth requirements if you open new branches?
- Is the service provider able to assist with payrolls in other African countries, manage their currencies, and deal with their regulatory environments?
- What processes are in place to ensure the timeous processing of payrolls?
The advantages of outsourcing your payroll
One of the most obvious benefits of going the outsourcing route is freeing up your resources to focus on your core strategic objectives. This ensures you provide quality of service and control costs while an experienced partner takes care of your payroll.
Here are a few other benefits:
- Reduce operating costs.
- Statutory compliance and consistent service delivery.
- Access to the latest technology, as well as skilled and dedicated payroll resources.
- Access to a secure, risk-free and confidential payroll environment.
- Increased flexibility and responsiveness.
- Streamlined internal processes and procedures.
This article was originally posted on Entrepreneur.com/sa.
Thinking of Immigrating to America from SA? Now Is The Time
More South Africans are looking to get their Green Cards with the EB-5 visa. Here’s why – and how you can use this opportunity too.
South Africans are surging towards the popular United States EB-5 Immigrant Investment Visa programme ahead of possible price increases that will likely place the EB-5 visa programme out of reach for many, other than for the uber-rich.
NES Financial, the leading EB-5 financial brokerage in the US, has estimated a 600% increase in EB-5 petition filings from South Africans this fiscal year from three years ago.
Increasing applications for the US Investor Visa
Bernard Wolfsdorf, a US EB-5 lawyer and former South African, has filed more South African cases in the past year than he has processed in the past ten years.
“I think it’s the fact that the investment amount could soon increase soon from $500 000 to $1,8 million that is driving many South Africans,” he says.
However, Wolfsdorf, Past President of the American Immigration Lawyers Association, speculates that there are other factors, such as the stable US economy, excellent business environment, and outstanding educational opportunities that are enticing many South Africans to invest in the U.S.
“The currency swing has convinced many South Africans I speak to that foreign investment in the US makes sense,” he adds.
Assisting with understanding your US immigration options
The Tier 1 top ranked US immigration law firm, Wolfsdorf Rosenthal LLP has now set up a South African focused website and is regularly sending experienced lawyers to meet with South Africans and explain their immigration options.
“While on the one hand I am sad that many South Africans are choosing to leave, my hope is that, with global investment, many will continue to run and expand their South African companies and that the foreign investment will benefit South African trade and exports and create jobs locally,” says Wolfsdorf.
Other countries, such as China and Korea have many immigrants and they continue to drive trade with their ‘mother’ countries. “I expect to see many South African immigrants continue to develop trade and commerce with the US as this huge influx continues,” he says.
The Office of the United States Trade Representative confirms that US goods and services trade with South Africa totaled an estimated $18,9 billion in 2018. Exports were $8,4 billion; imports were $10,5 billion, creating a trade deficit with South Africa of $2,1 billion in 2018.
Some of the top imports from South Africa into the US include precious metal and stone; iron and steel; vehicles; and agricultural products like tree nuts and fresh fruit. However, the strong dollar greatly benefits trade and prices for many South African goods are high.
Why South Africans are immigrating to the US and not Australia
Other factors leading South Africans to choose the US is the fact that Australia and the United Kingdom have been less welcoming to immigrants recently, so while the US has been in third place as a choice, this is likely to soon change soon.
“In fact, Australia is becoming less and less friendly to immigrants on a personal level, with many Australians believing it’s time for its liberal immigration policies to end,” says Wolfsdorf.
“The country is implementing visa crackdown measures to limit work visas and ensure that foreign workers have the right skills and occupational licenses to conduct business. Additionally, with Brexit causing uncertainty, many South Africans have decided to look towards America for a Plan B.”
Joseph Barnett, a partner of the law firm who specializes in EB-5, is currently making his second trip to South Africa in the past six months.
“I really enjoy meeting with South Africans on my previous trip,” he says. “They are friendly, hospitable and hardworking. I’m sure this is the main reason most South Africans seem to do so well in the US.”
Why consider the EB-5 Visa
“The EB-5 Visa remains popular because there is no US employer sponsorship requirement, no education requirement, travel throughout the visa process is relatively simple, and because South Africans can choose to live wherever they desire once obtaining the green card,” the attorney adds.
“In short, the opportunity to live the American dream is open to anyone able to invest $500 000.”
South Africans should be aware that regulations first proposed in 2017 have now reached the final stage of the rulemaking process, review by the US Office of Management and Budget, before being finalized. The time to act is now.
For more information on how you can begin your US EB-5 Immigrant Investment Visa process, visit Eb5greencard.co.za
This article was originally posted on Entrepreneur.com/sa.