Love Business with Alan Wick
‘Wave maker’, Nick Hounsfield [https://www.linkedin.com/in/wavemakernick/], is the Founder of The Wave [https://www.thewave.com/], an inland slice of the ocean he’s created to provide a world first: a health and wellbeing focused surfing destination in Bristol. He secured £30m investment to develop and deliver the project as a Triple Bottom Line business - People, Planet and Profit. It’s also B Corp certified. Nick has over 30 years’ experience in healthcare, science, conservation and education. He has also founded One Blue World [https://www.oneblue.world], to channel his passion for advancing the BlueHealth movement [https://bluehealth2020.eu]. Through One Blue World he explores the cognitive, emotional, psychological, social and physical wellness benefits of water, waves and nature. Working with a network of interdisciplinary experts, partners, and supporters who share this vision, they provide critical ‘blue’ thinking for projects, developments and organisations. It was a breath of fresh air and incredibly inspirational talking to Nick about what he has achieved, and how. Overview: In our conversation, Nick * Explains what The Wave is all about – a lake in Bristol as big as three or four Olympic-sized swimming pools. * Describes the logistics behind creating waves, and how The Wave has been designed to be suitable for all ages and skill levels. * Expands on how surfers use the lake – one hour of surfing time equates to four or five hours in the ocean. * Talks through The Wave’s business model. * Outlines the cash flow challenges of running a seasonal business. * Details how they’ve made efforts to widen their demographic and ensure that everyone feels comfortable. * Delves into where it all began and how he raised the eye-watering £30m set-up costs. * Focuses on the importance of laying the right foundations and building strong connections when structuring the business. * Discusses planning permission issues they faced. * Enthuses about the day ‘the tap was finally turned on’. * Shares his thoughts about possible expansion and being driven by the concept of ‘Blue Health’. * Passes on to new entrepreneurs his most fundamental key learning.
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