Ben Carmel<br> <br> A New Extreme Park by the Sea of Galilee
“My childhood friend, Doron Oz, and I set up Funtom in 2014, with the help of Doron’s brother, Amichai. We provide exciting and challenging outdoor-style experiences for events. The activities are appropriate for companies and organizations, because they combine completing tasks with teamwork and bonding—bike rides, climbing walls, IDF prep obstacle courses and more. We also provide solutions for the big tourism agencies, with off-road vehicles and jeep trips and military activities with uniforms and weapons—which tourists go crazy for. That target audience of international tourists is one that we’ve been missing for the past year and a half.
Yakov Kisus
Groups Have Returned, Waiting for Tourists
“I founded Kisuski Water Sports in 1998, and it is one of the largest companies in Israel in this sector. I set it up together with my brother and business partner, Shai. We have an exceptional officially recognized beach with water sports for kids and grown-ups, including motorboats for self-hire, kayaks, paddle boats and banana boats, waterskiing, tubes, crazy-sharks, wakeboarding, wakesurfing, parasailing, and jet skis for fans of extreme sports. At the peak of the tourist season, we employ more than 30 workers, including at-risk youth who join us after school hours as part of a joint project with the municipality.
“As a member of the municipal tourism committee, I was part of an attempt at one stage to turn Eilat into a ‘green island’, to allow those who provided a negative test result to enter the city. It could have resulted in a city clean of COVID-19, with businesses and institutions able to return to business as usual. But then the third lockdown came, along with the vaccination program, and the state decided to prioritize the ‘green tag’ protocol.
“Since the end of the third lockdown, the situation has improved and tour groups have started to return for the first time since the pandemic began. This summer, Eilat has been packed full of families and young people, and we are all hoping there will not be another lockdown over the Tishrei holidays this year. At the same time however, Ramon Airport is currently closed to vaccinated foreign tourists, so there are still concerns about a lack of winter tourism for the second consecutive year.”
Itai Tsur
Planning Stock Levels Throughout the Year
“Attractions that run primarily during the summer months, and especially water sports, are seasonal businesses. Therefore, the owners of these businesses must keep a constant and personal eye on things all year long and be careful not to fall into some of the common traps. The first and perhaps the most important of these is dropping the ball on regular cash flow management throughout the whole year in line with the annual activity forecast. Business owners must not allow themselves to think that high revenue during the summer months is representative of the other months and allow themselves to rely on their bank balance to see them through. Rather, they should set aside their revenue for the months in which there is almost no activity.
“The second trap to avoid is poor day-to-day management of the business’s resources. Seasonal businesses must ensure smart management of their resources. For example: how do you retain experienced personnel during the weaker months? How do you ensure the necessary stock levels throughout every period of the year? A failure in this aspect of running the business during the quiet months can cause critical damage to the customer service and the image of the business during the most important periods of the year. That is why it is important to exploit the weaker months to develop infrastructure and projects to ensure long-term development of the business.”
Vicki Dagan
Incentivize Winter Tourism
“As a city dependent on tourism, Tiberias is noted for the seasonal nature of its business activity. Tourism is primarily a summer industry in the city.
“The key to success and creating continuity in business activity through periods of crisis and uncertainty lies in proper use of marketing tools, creative thinking and being proactive.
That is why it is very important to prepare from a cash flow perspective for times of change and uncertainty, which will open up additional sources of funding for the necessary steps.”
As the economy continues to tackle the challenges resulting from the pandemic, Ma’ariv and Bank Hapoalim are running a special feature, sharing and following stories of businesses in different regions and sectors and offering insight and support in coping with the current crisis and uncertainty. Every week, we will share practical tools, as well as offering insight and guidance into opportunities for financial and business development and growth in this challenging environment. The information contained herein is accurate as of the day of publication and should not be understood as an alternative to professional consulting services that take into account the specific circumstances of the individual and are tailored to meet their needs. The aforementioned should not be understood as an offer for credit, loan provision and/or deferred repayments, subject to the terms and conditions and approval of the bank. Inability to keep up with payments may incur charges on interest in arrears or repossession proceedings.