Learn about the basics of business, from registering your business through to marketing, with FSB’s free guide for start-ups. InNorthern Irelandretailers must charge customers a 5 pence levy on all bags with a retail price of less than 20 pence , whether they are single-use or reusable. Retailers inWalesandScotlandmust charge customers at least 5 pence if they supply them with a single-use carrier bag. This applies to all types of single-use bag, whether they are made of plastic, paper or plant-based starch. A 5 pence charge applies in England, but small and medium-sized businesses (with fewer than 250 full-time equivalent employees) are exempt.
Cycle hire is an excellent form of leisure activity and a great way to explore some of the UK’s most beautiful areas. If you’re planning to sell electric bikes, it’s also a good idea to familiarise yourself with the relevant legislation so that you know which bikes can be legally ridden on the road. The following is an outline of some of the key pieces of legislation that are likely to apply to bicycle retailers. Too often, we see business owners striving for business success at the expense of work-life balance and losing sight of what it was they wanted to achieve in the first place. If your front wheel is not aligned with the back wheel, you’ll find it harder to achieve your business goals and personal aspirations.
Reward those employees whose commitment to cycling boosts their productivity and reduces their sick days. BusinessLive is your home for business news from across the East Midlands including Leicestershire, Nottinghamshire, Derbyshire and Lincolnshire. Derby bicycle supplier and distributor Moore Large has received an eight-figure funding package from HSBC UK to support a management buyout.
- We share your enthusiasm for bikes and are determined to provide exceptional service alongside our tailored product that is refreshingly different and unrivalled by traditional insurance companies.
- We’re on a mission to build happier and healthier cities for all, reForesting our urban environment one e-bike at a time.
- You’ll also need to identify the cost of the bikes, bike parts, and accessories you’ll be selling in-store, as well as your overhead costs .
- A business plan enables you to take a detailed look at your business model and identify exactly what steps you’ll need to take to launch your bike shop – as well as how much cash is required.
Interest in road cycling has long been on an upward trend and during the ongoing COVID-19 pandemic cycling activity has been propelled higher by as much as 100%. Whilst overall the activity is extremely beneficial for health and fitness, unfortunately accidents involving bikes in the UK have also risen to more than 25,000 per annum. Select a country to view Bikmo products and services tailored specifically for that location. We share your enthusiasm for bikes and are determined to provide exceptional service alongside our tailored product that is refreshingly different and unrivalled by traditional insurance companies. We’d love to spend an hour getting under the skin of your shop and helping improve your cover confidence, this is why we have built our CoverFit service. Offering training courses or bike fitting services for a fee opens your business up to professional negligence losses, our product plugs this precarious gap.
How To Write A Successful Business Plan For A Bike Shop
This is the basic information that should be held for each customer although more comprehensive ones can be used. This example has the bare minimum of information that should be recorded to satisfy the handover quality audit trail. These samples have been created exclusively for this guide based on comparison documents currently in use. The ‘composite’ form of these documents can be adapted and customised to suit your own business needs. Always worth giving away simple maps showing local rides of specified length, plus offering more sophisticated maps for sale to the more experienced riders. Point out any local places of interest, plus names of any friendly pubs or cafes who welcome cyclists.
Although you don’t need a specific licence to sell bicycles and related accessories, some of your other business activities may need one. While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict. Finally, to run a successful business, you need to have some strategic tools and processes in place. Using tools such as Key Performance Indicators and SWOT analysis means you’re not ‘flying blind’.
ArmaUrto benefits from a strong management team including former Moss Bros CEO Rowland Gee as Chairman, and Imogen Battin as Operations Manager. In addition, as part of the transaction, experienced South West-based businessman Clive Banks is joining the company as a non-executive director. The Bikmo team is made up of people who love bikes, the outdoors, and protecting our planet for future generations. By focussing our insurance expertise on cycling and mobility, we feel very lucky to work with businesses that share our values. Hiscox have over 100 years of experience in speciality risk, including ocean liners and inter-planetary probes, so are perfectly positioned to cover your bike shop.