Do You Want To Start A Trampoline Park?

What can you do to start a trampoline park business? How will you be able to know what to do to keep people safe? These questions and a lot more are going to be answered in the following pieces of advice about this kind of business startup.

Trampoline Park Overview

The problem a lot of people have when they get started is that they are far too ambitious. It hurts you just to throw everything you have into something and then not think about what you’re doing. Instead of trying to work on just the park getting opened, you need to cover all of your bases. For instance, if you just buy a piece of land and put trampolines on it nobody is going to know about it because you haven’t marketed. There are a lot of steps to take, and no business is as simple as dumping money into it and hoping for the best.

Initial Costs

Look at the trampoline park┬ástart-up costs you’re going to have to pay to get things up and running. You’re going to have to pay for the area where this park is going to be, and you’ll also need the right equipment. Remember that staff will need to be on hand, and you also need to have safety implemented. Insurance and taxes are something to talk with a professional about. As you can see, there’s a little more to it than just one or two steps.

Safety First

Be very careful to implement safety measures in the park, and always take problems seriously as soon as the crop up. If there is a damaged trampoline (here’s a great article on trampoline care), you cannot let people use it until you get it fixed. The reason you want to be careful is that if someone gets hurt they may end up suing you and that could hurt your business to a point where it has to close for good. Not only should you watch out for the safety of your patrons, but you also need to train employees on how to stay safe while being able to notice any issues with equipment.

Property Concerns

The property you need to have should be large enough to accommodate all of your equipment. The ground also is going to need to be as flat as possible, or else the trampolines could be dangerous to have people using due to them losing their balance. You should look to other parks around the world on maps and check out their layout to get an idea of what works. If you can find any older parks that had to be closed, look through what their parks looked like to get an idea of what not to do.

Conclusion

You now have what it takes to start your business if you want to create a trampoline park. These guidelines should help you to build a foundation that’s solid to work off of. When it comes down to it, this advice can take you far if you apply it with all you’ve got.

The Explosive Growth Of Daily Fantasy Football

These days, fantasy football comes in two flavors: season-long and daily. Daily fantasy football is experiencing explosive growth with each passing year. Participants pay more than a billion dollars per year to enter into these competitions, which come in countless forms. Currently, companies like DraftKings and FanDuel are plastering advertisements all over the place to draw in new players. Such tactics are working, and DFS industry as a whole is expected to keep on growing without pause.

What is Daily Fantasy Football?

The best way to describe daily fantasy football is to contrast it with season-long fantasy football. In season-long leagues, participants draft a team and play with the same general team every week. They play an entire season, and the top participants receive cash awards after the regular season ends. Daily fantasy competitions include a pool of individuals that choose a lineup for each entered match. Typically, a salary cap is implemented to ensure that participants choose their lineups in a strategic manner.

An individual might pay $1, $2, $5, or even $25 to enter a given daily competition. The pool of players can include anywhere from 2 to 10,000 (or more) total participants. Depending upon the competition type, top point scorers for the day earn cash prizes. A given contest includes some or all of the football games played for that particular day. Participants wait a few hours to determine whether they’ve won money, and they can enter as many competitions as desired each day that features games.

Why is this form of fantasy football so popular?

Perhaps the biggest benefit of daily fantasy football is that it’s quick and dirty. Participants can enter contests throughout the day and create separate or identical lineups to compete against others. For some, the act of meticulously crafting a lineup that falls under the salary cap brings forth a major rush. Most participants are looking to win as much money as possible, and millions of dollars are up for grabs throughout each season. Payouts occur daily, and this fast-paced environment excites many participants.

A Common Concern: Is this illegal?

Of course, it’s common knowledge that online sports betting is illegal in the United States. In 2006, Congress took the time to provide an exemption specifically for fantasy sports. Fantasy sports, both season-long and daily, are seen as a skill-based activity, which means they’re not seen as gambling by the government. Daily fantasy sports operators are free to provide their services to Americans without having to worry about legal repercussions. However, the daily fantasy football does face some challenges right now.

Government Intervention: Bad For Business

Although daily fantasy football is seeing its glory days, some troubles could stop the train from moving forward. Congress is mulling the decision to launch an investigation into both DraftKings and FanDuel. That negative press could hurt the entire industry. Recently, a scandal involving an employee of a DFS operator caused strife inside and outside the industry. The government apparently isn’t too happy about all of the daily fantasy sports advertising deals with Major League Baseball, the National Football League, and others.

Government intervention isn’t a guarantee at this point. Still, any form of investigation or attempts to alter the fantasy sports gambling exemption would be bad for business. If the industry is forced to follow the same rules as casinos, then billions of dollars could be at stake. Everything has been golden for the fantasy sports industry up until now, but a turning point could be coming based upon the federal government’s reaction (or lack of a reaction) to recent events.

Will the explosion in growth and popularity come to an end?

Either way, daily fantasy sports operators are currently enjoying a period of endless growth and increased profits. Millions of people participate in DFS sports throughout the year. Even individuals that don’t care about sports are making their way into DFS and learning how to profit from this opportunity. Unless Congress steps in to force changes, DFS operators will continue reaping the benefits of increased membership numbers and growing profits. Now is, without a doubt, the right time to be a DFS operator.

If the industry avoids outside pressures from Congress or other entities, then things will continue without a problem. The industry is expected to take in over $2 billion in entry fees during 2015. Analysts expect that figure to double by 2020, and such growth is nearly unheard of today. In the end, growth is the name of the game with daily fantasy football (and other sports).