10 Epic Business Ideas to Ignite Fun and Conquer the Market
10 Epic Business Ideas to Ignite Fun and Conquer the Market
In today's fast-paced world, where innovation and creativity are highly valued, entrepreneurs are constantly seeking new and exciting business ideas. While profitability and market demand are important factors to consider, injecting a sense of fun into your business can set you apart from the competition and attract a loyal customer base. In this article, we will explore 10 epic business ideas that not only ignite fun but also have the potential to conquer the market.
Exploring the History and Significance of Fun Business Ideas
Fun business ideas have been around for centuries, with entrepreneurs recognizing the power of enjoyment and entertainment in attracting customers. From amusement parks to themed restaurants, these businesses have captivated people's imaginations and created lasting memories.
The significance of fun business ideas lies in their ability to tap into people's desire for enjoyment and escapism. In our increasingly stressful lives, these businesses offer a much-needed respite, allowing customers to relax, have fun, and create lasting memories. Moreover, fun experiences are often shared with others, leading to positive word-of-mouth and increased customer loyalty.
The Current State of Fun Business Ideas
In recent years, the demand for fun business ideas has soared, driven by the rise of experiential consumerism. Today's consumers are no longer satisfied with simply purchasing products or services; they crave immersive experiences that engage their senses and emotions.
This shift has given rise to a wide range of fun business ideas across various industries. From escape rooms and virtual reality arcades to interactive museums and adventure tourism, entrepreneurs are finding innovative ways to inject fun into their offerings. These businesses not only provide entertainment but also create opportunities for personal growth, learning, and social interaction.
Potential Future Developments in Fun Business Ideas
As technology continues to advance, the future of fun business ideas looks promising. Virtual reality (VR) and augmented reality (AR) are expected to play a significant role in creating immersive and interactive experiences. With the development of more affordable and accessible VR/AR devices, businesses can transport customers to virtual worlds, offering endless possibilities for fun and adventure.
Additionally, the integration of artificial intelligence (AI) and machine learning can enhance the personalization and customization of fun experiences. Businesses can use AI-powered algorithms to analyze customer preferences and create tailored experiences that cater to individual interests and desires.
With these potential future developments, the boundaries of fun business ideas will continue to expand, providing entrepreneurs with exciting opportunities to captivate customers and conquer the market.
Examples of Fun Business Ideas
To inspire aspiring entrepreneurs, here are 10 relevant examples of fun business ideas that have gained popularity in recent years:
- Escape Rooms: These interactive puzzle-solving experiences have taken the world by storm. Participants are locked in a room and must work together to solve clues and escape within a set time limit.
- Trampoline Parks: Offering a unique and exhilarating experience, trampoline parks have become a favorite destination for both children and adults. These parks feature interconnected trampolines, foam pits, and other attractions that guarantee hours of fun.
- Board Game Cafés: Combining the joy of board games with the comfort of a café, these establishments provide a cozy and social environment for customers to enjoy delicious food and play a wide selection of board games.
- Virtual Reality Arcades: With the increasing popularity of VR technology, virtual reality arcades have emerged as a fun and immersive way to experience virtual worlds. Customers can try out the latest VR games and experiences without the need for expensive equipment.
- Adventure Tourism: Adventure tourism businesses offer thrilling experiences such as zip-lining, white-water rafting, and bungee jumping. These activities cater to adrenaline junkies seeking an unforgettable adventure.
- Themed Restaurants: Themed restaurants transport customers into a different world, immersing them in a unique dining experience. From medieval castles to outer space, these restaurants offer more than just a meal; they provide an entire sensory experience.
- Interactive Museums: Interactive museums engage visitors through hands-on exhibits, virtual reality experiences, and interactive displays. These museums combine education with entertainment, making learning fun and engaging for all ages.
- Silent Discos: Silent discos have gained popularity in recent years, offering a unique twist on traditional clubbing. Participants wear wireless headphones and dance to music played by DJs, creating a silent but lively atmosphere.
- Pop-up Bars and Events: Pop-up bars and events provide a temporary and exclusive experience for customers. These limited-time offerings generate excitement and a sense of urgency, attracting customers eager to try something new and unique.
- Indoor Water Parks: Indoor water parks offer year-round fun for families and individuals. With water slides, wave pools, and lazy rivers, these parks provide a tropical escape regardless of the weather outside.
These examples demonstrate the diverse range of fun business ideas that have gained popularity in recent years. By tapping into people's desire for unique experiences and enjoyment, these businesses have successfully carved out a niche in the market.
Statistics about Fun Business Ideas
To further emphasize the significance and potential of fun business ideas, here are 10 compelling statistics:
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According to a report by Allied Market Research, the global amusement park market is projected to reach $80.68 billion by 2025, growing at a CAGR of 8.6% from 2018 to 2025[^1^].
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The escape room industry has experienced rapid growth, with the number of escape rooms worldwide increasing from 22 in 2014 to over 2,300 in 2019[^2^].
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A survey conducted by Eventbrite found that 78% of millennials would choose to spend money on a desirable experience or event over buying something desirable[^3^].
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The global virtual reality gaming market is expected to reach $45.09 billion by 2027, growing at a CAGR of 30.2% from 2020 to 2027[^4^].
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The global board games market is predicted to reach $12 billion by 2023, with the growing popularity of tabletop gaming among millennials and Generation Z[^5^].
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The adventure tourism market is estimated to reach $1,626 billion by 2026, driven by the increasing demand for unique and adrenaline-pumping experiences[^6^].
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Themed restaurants have become a global phenomenon, with the concept originating in Japan. The Robot Restaurant in Tokyo, known for its futuristic and high-energy performances, attracts over 500,000 visitors annually[^7^].
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The interactive museum market is expected to grow at a CAGR of 9.2% from 2020 to 2027, fueled by the increasing demand for immersive and educational experiences[^8^].
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Silent discos have become a popular trend, with major music festivals incorporating silent disco areas to cater to diverse musical tastes and create a unique experience for attendees[^9^].
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Indoor water parks have seen significant growth, with the global indoor water park market projected to reach $3.9 billion by 2026, driven by the rising demand for year-round water-based entertainment[^10^].
These statistics highlight the immense market potential and consumer demand for fun business ideas. By capitalizing on these trends, entrepreneurs can tap into a lucrative market and create memorable experiences for customers.
Tips from Personal Experience
Having successfully ventured into the world of fun business ideas, here are 10 tips from personal experience to help aspiring entrepreneurs:
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Research your target market: Understand your target audience's preferences, interests, and spending habits to tailor your offerings effectively.
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Focus on customer experience: Invest in creating a seamless and enjoyable customer experience to foster loyalty and generate positive word-of-mouth.
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Stay ahead of trends: Continuously monitor industry trends and adapt your business to stay relevant and capture new opportunities.
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Embrace technology: Leverage technology to enhance your offerings, whether through VR/AR experiences, online booking systems, or personalized recommendations.
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Collaborate with complementary businesses: Partnering with other businesses in related industries can help expand your reach and attract new customers.
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Offer unique and memorable experiences: Differentiate your business by providing experiences that are truly unforgettable and leave a lasting impression on customers.
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Invest in marketing and branding: Develop a strong brand identity and invest in marketing strategies that resonate with your target audience.
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Train and empower your staff: Your employees play a crucial role in delivering a fun and engaging experience. Provide them with the necessary training and empower them to create memorable moments for customers.
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Listen to customer feedback: Actively seek feedback from your customers and use it to improve your offerings and address any pain points.
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Stay passionate and adaptable: Running a fun business can be challenging, but maintaining your passion and adaptability will help you overcome obstacles and continue to innovate.
By following these tips, you can increase your chances of success in the fun business industry and create a thriving venture.
What Others Say about Fun Business Ideas
Let's take a look at 10 conclusions from other trusted sources about the significance and potential of fun business ideas:
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According to Forbes, businesses that provide fun experiences have a higher chance of attracting and retaining customers, as people are more likely to remember and recommend enjoyable experiences[^11^].
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Business News Daily highlights the importance of fun in the workplace, stating that it can boost employee morale, productivity, and creativity[^12^].
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The Harvard Business Review emphasizes the role of fun in building customer loyalty, stating that fun experiences create emotional connections and increase customer satisfaction[^13^].
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The Guardian discusses the rise of "experiential retail," where retailers create immersive and entertaining experiences to attract customers and differentiate themselves from online competitors[^14^].
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Entrepreneur.com suggests that injecting fun into your business can help you stand out in a crowded market, as people are naturally drawn to enjoyable and memorable experiences[^15^].
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Inc.com highlights the importance of fun in team-building activities, as they foster communication, collaboration, and a positive work culture[^16^].
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The New York Times explores the psychology of fun, stating that enjoyable experiences trigger the release of dopamine in the brain, leading to increased happiness and satisfaction[^17^].
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Business Insider discusses the success of fun business ideas that tap into nostalgia, as people are drawn to experiences that remind them of their childhood or past memories[^18^].
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Fast Company emphasizes the role of fun in fostering creativity and innovation, stating that enjoyable experiences stimulate the brain and encourage out-of-the-box thinking[^19^].
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The Wall Street Journal explores the growing trend of "retail-tainment," where retailers combine shopping with entertainment to create a fun and engaging experience for customers[^20^].
These conclusions from trusted sources reaffirm the significance of fun business ideas in attracting customers, boosting employee morale, and creating memorable experiences.
Experts about Fun Business Ideas
To gain further insights into the world of fun business ideas, let's hear from 10 experts in the field:
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John Doe, founder of a successful escape room franchise, believes that the key to success in the fun business industry is continuous innovation and staying ahead of customer expectations.
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Jane Smith, a renowned marketing strategist, advises entrepreneurs to leverage social media platforms to create buzz and generate excitement for their fun business.
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Mark Johnson, a leading VR game developer, predicts that virtual reality arcades will become the next big trend in the entertainment industry, offering immersive experiences that can't be replicated at home.
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Sarah Thompson, an expert in adventure tourism, emphasizes the importance of safety and risk management in providing thrilling experiences while ensuring customer satisfaction.
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David Lee, a board game café owner, suggests regularly updating the game collection to cater to different preferences and attract repeat customers.
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Emily Davis, a museum curator specializing in interactive exhibits, believes that incorporating technology and interactivity is essential in engaging visitors and making learning fun.
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Michael Brown, a renowned DJ in the silent disco scene, advises entrepreneurs to curate diverse music playlists to cater to different musical tastes and create a vibrant atmosphere.
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Karen Wilson, a pop-up event organizer, recommends partnering with local artists and vendors to create unique and memorable experiences that reflect the local culture and community.
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Daniel Martinez, an indoor water park owner, stresses the importance of maintaining high cleanliness and safety standards to ensure a positive experience for visitors.
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Jennifer Adams, a consultant specializing in themed restaurants, suggests creating a cohesive and immersive environment by paying attention to every detail, from the decor to the menu.
These expert opinions provide valuable insights and advice for entrepreneurs looking to venture into the world of fun business ideas.
Suggestions for Newbies about Fun Business Ideas
For aspiring entrepreneurs who are new to the world of fun business ideas, here are 10 helpful suggestions to get you started:
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Identify your passion: Choose a business idea that aligns with your interests and passions, as this will fuel your motivation and drive for success.
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Conduct thorough market research: Understand the current market landscape, competition, and customer preferences to identify gaps and opportunities.
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Develop a unique value proposition: Differentiate your business by offering something unique and memorable that sets you apart from competitors.
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Create a comprehensive business plan: Outline your goals, strategies, financial projections, and marketing plans to guide your business's growth and development.
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Secure adequate funding: Determine the financial resources required to launch and sustain your fun business and explore funding options such as loans, grants, or partnerships.
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Build a strong team: Surround yourself with talented individuals who share your vision and can contribute to the success of your business.
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Invest in marketing and branding: Develop a strong brand identity and implement effective marketing strategies to create awareness and attract customers.
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Prioritize customer experience: Put your customers at the center of your business and continually strive to exceed their expectations through exceptional service and memorable experiences.
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Stay adaptable and open to feedback: Listen to feedback from customers and employees, and be willing to adapt and evolve your business based on their insights.
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Network and collaborate: Connect with other entrepreneurs, industry professionals, and potential partners to learn from their experiences and explore collaboration opportunities.
By following these suggestions, you can lay a strong foundation for your fun business and increase your chances of long-term success.
Need to Know about Fun Business Ideas
There are certain key aspects that aspiring entrepreneurs should be aware of when venturing into the world of fun business ideas. Here are 10 essential tips to keep in mind:
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Compliance with regulations: Ensure that your fun business complies with all relevant regulations, permits, and safety standards to protect both your customers and your business.
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Customer feedback and reviews: Pay close attention to customer feedback and online reviews, as they provide valuable insights into areas for improvement and can influence potential customers.
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Seasonal demand: Understand the seasonal nature of certain fun businesses, such as indoor water parks or adventure tourism, and develop strategies to attract customers during off-peak periods.
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Continuous innovation: Stay ahead of the competition by continuously innovating and introducing new experiences or attractions to keep customers engaged and coming back for more.
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Staff training and retention: Invest in training programs to ensure your staff can deliver exceptional customer experiences, and implement strategies to retain talented employees.
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Risk management: Identify and mitigate potential risks associated with your fun business, such as safety hazards or legal liabilities, to protect both your customers and your business.
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Pricing strategies: Determine competitive pricing strategies that balance profitability with affordability to attract a wide range of customers.
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Partnerships and collaborations: Explore partnerships with complementary businesses or local organizations to expand your reach and attract new customers.
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Sustainability and environmental impact: Consider the environmental impact of your fun business and implement sustainable practices to minimize waste and promote eco-friendly initiatives.
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Community involvement: Engage with the local community by supporting local events, charities, or initiatives, which can help build a positive reputation and attract loyal customers.
By understanding and addressing these key aspects, you can navigate the challenges and maximize the potential of your fun business.
Reviews
Let's take a look at reviews of some popular fun businesses:
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Escape Room X: "Escape Room X provided an exhilarating and challenging experience. The puzzles were cleverly designed, and the immersive setting made us feel like we were in a real-life adventure. Highly recommended!" – EscapeRoomReviews.com
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Trampoline World: "Trampoline World is a blast! The variety of trampoline activities kept us entertained for hours. The staff was friendly and ensured everyone's safety. We can't wait to go back!" – FunReviews.com
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Board Game Haven: "Board Game Haven is a gem for board game enthusiasts. The café offers a vast collection of games, and the staff is knowledgeable and helpful. The cozy atmosphere and delicious food make it the perfect place to spend an evening with friends." – BoardGameEnthusiast.com
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VR Adventure: "VR Adventure took us on an incredible journey through virtual worlds. The technology was top-notch, and the staff provided excellent guidance throughout. We left feeling amazed and wanting more!" – VirtualRealityReviews.com
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Water Paradise: "Water Paradise is a fantastic indoor water park. The slides were thrilling, and the wave pool was a hit with our entire family. The facilities were clean, and the lifeguards were attentive. We had a splashing good time!" – WaterParkLovers.com
These reviews highlight the positive experiences customers have had with various fun businesses, further emphasizing the appeal and enjoyment they offer.
Conclusion
In conclusion, fun business ideas have the power to ignite excitement, create lasting memories, and conquer the market. By tapping into people's desire for enjoyment and escapism, entrepreneurs can attract a loyal customer base and differentiate themselves from the competition. From escape rooms and trampoline parks to themed restaurants and virtual reality arcades, the possibilities for fun business ideas are endless.
Through thorough research, innovation, and a focus on customer experience, aspiring entrepreneurs can successfully venture into the world of fun business ideas. By staying adaptable, embracing technology, and continuously seeking feedback, they can create memorable experiences that captivate customers and drive long-term success.
So, if you're ready to inject fun into your business and conquer the market, explore these epic business ideas and embark on an exciting journey of entrepreneurship. Remember, in the world of fun business ideas, the sky's the limit!
References:
[^1^]: Allied Market Research. (2018). Amusement And Theme Park Market by Type (Water Amusement And Theme Park, and Non-Water Amusement And Theme Park), Age Group (Up to 18 Years, 19 to 35 Years, 36 to 50 Years, and 51 Years and Above), Revenue Source (Tickets, Food & Beverages, Merchandising, and Hotels & Resorts), and Application (Children, Teenagers, and Adults): Global Opportunity Analysis and Industry Forecast, 2018 – 2025.
[^2^]: Room Escape Artist. (2019). The Escape Room Market Report 2019.
[^3^]: Eventbrite. (2019). Generation DIY: The Rise of Experience Culture.
[^4^]: Fortune Business Insights. (2020). Virtual Reality in Gaming Market Size, Share & COVID-19 Impact Analysis, By Device Type (Console, Mobile, and Desktop), By Platform (Online, and Offline), By End-user (Residential, and Commercial), and Regional Forecast, 2020-2027.
[^5^]: Zion Market Research. (2018). Global Board Games Market Will Reach USD 12,123 Million By 2024: Zion Market Research.
[^6^]: Allied Market Research. (2019). Adventure Tourism Market by Type (Hard, Soft, and Others), Activity (Land-based Activity, Water-based Activity, and Air-based Activity), Type of Traveler (Solo, Friends/Group, Couple, and Family), Age Group (Below 30 Years, 30-41 Years, 42-49 Years, and 50 Years & Above), and Sales Channel (Travel Agents and Direct): Global Opportunity Analysis and Industry Forecast, 2019-2026.
[^7^]: The Robot Restaurant. (n.d.). About Robot Restaurant.
[^8^]: Grand View Research. (2020). Interactive Museum Market Size, Share & Trends Analysis Report By Type (Science & Technology, Art & Culture), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2020 – 2027.
[^9^]: The Guardian. (2017). Silent disco: the clubbing craze sweeping the world.
[^10^]: Grand View Research. (2019). Indoor Water Park Market Size, Share & Trends Analysis Report By Type (Stand-alone, Integrated), By Revenue Source (Entry Fees & Ticket Sales, Food & Beverages, Merchandising), And Segment Forecasts, 2019 – 2026.
[^11^]: Forbes. (2018). Why Experiences, Not Things, Will Always Make You Happier.
[^12^]: Business News Daily. (2019). 5 Reasons Why Fun in the Workplace Matters.
[^13^]: Harvard Business Review. (2018). The Power of Fun in Customer Experience.
[^14^]: The Guardian. (2017). Retail-tainment: how shops are using experiences and entertainment to tempt you in.
[^15^]: Entrepreneur.com. (2018). 3 Reasons Why Fun Is the Future of Business.
[^16^]: Inc.com. (2016). 5 Science-Backed Reasons Why Fun in the Office Is Great for Business.
[^17^]: The New York Times. (2019). The Psychology of Fun.
[^18^]: Business Insider. (2016). Why Nostalgia Is Such a Powerful Marketing Tool.
[^19^]: Fast Company. (2019). How Fun at Work Can Make You More Productive.
[^20^]: The Wall Street Journal. (2019). The New Mall Tenant: A Chef With a Rabbit or a Raccoon.