August 2019 – He is young and friendly, but David Seinker is, without a doubt, a young entrepreneur whose ideas are simple yet ambitious and who has already tasted real success through his company, The Business Exchange (TBE), which creates high-end and prestigious workspaces accessible to other young entrepreneurs.
Originally from Durban, Seinker, began his professional life in Johannesburg, where he was first employed to manage a new real estate development company. “I was the first employee hired by this company,” he remembers. “I was in charge of the daily management of the company and its future development. In our seventh year, we had over 200 people working for us.”
This young manager then felt the need to start his own business. He used his existing network of business contacts to find some investors, and with their help, managed to start his own business. “I wanted to offer entrepreneurs a workspace inspired by luxury hotels,” explained Seinker.
His approach is based on a simple, but innovative principle; a start-up must be fully orientated towards efficiency from the start. They cannot afford to waste time and energy on searching for offices, hiring a receptionist, cleaning company, maintenance and security teams, etc. This is the main reason why so many of these young entrepreneurs start their business in a garage or a home-based office.
However, these home environments eventually become insufficient and can even harm the professional reputation of the business.
4 Business Centres in South Africa
Initially Seinker established his first luxurious, all-inclusive office workspace in Johannesburg. The concept was a huge success – not only with start-ups, but also with other more established companies such as Expedia and Standard Bank.
It therefore came as no surprise that TBE opened another three workspaces in quick succession in and around Johannesburg. “I was very quickly convinced that the success we experienced in South Africa indicated that this type of model would work in other African countries on the continent” explained Seinker.
Quick-Start, Luxury Business Centre In Mauritius
He began investigating this prospect and finally settled on opening his first business centre outside of South Africa in Mauritius. “Many South African citizens are already based in Mauritius, so it was easy to translate the business model from South Africa to Mauritius. Its pleasant climate and transparent financial and taxation systems make it the ideal country of choice for establishing a company outside of South Africa.
Given these reasons, TBE Mauritius stands a chance of quickly becoming a popular business centre for dynamic and innovative companies.
TBE also intends to spread its footprint into Kenya and Zimbabwe, once the political and economic situation stabilises.