Many consumers believe a £79.95 bike is a bargain and taking it away in a box just adds to the convenience; the skills necessary to build and maintain a cycle are often neglected. The opportunity to be your own boss making a living from something you are passionate about is immeasurable. We’re looking to share the stories of men and women riding motorcycles all over the world. Let’s make a big world a whole lot smaller, one ride at a time. YouMotorcycle is for those who embrace motorcycling as a lifestyle. The articles are written by international riders and motorcycle industry professionals.
In the beginning, you can even get some used bikes. You need access to people that are willing to rent a bicycle. If your area doesn’t see much tourist traffic, a bike rental business probably isn’t a realistic startup option. Social media sites such as Facebook and Twitter are excellent platforms to advertise both community and sales events. Many bike shops also make it possible for their customers to purchase items online by maintaining a page on Shopify, or another sales platform. Creating and maintaining a website is a good way to inform regular customers about new products and services, as well as upcoming sales.
Separates your personal assets from your company’s assets, which is necessary for personal asset protection. Depending on which business structure you choose, you might have different options for how your business will be taxed. For example, some LLCs could benefit from being taxed as an S corporation . You can acquire your EIN for free through the IRS website, via fax, or by mail.
Yes, Shopify is the platform of choice for many online bike stores. With Shopify, you can access over 6,000 Shopify apps to further customize your store and extend its functionality to meet your marketing needs. Depending on the plan you choose, Shopify gives you everything need to sell, market, ship and scale your business all in one platform.
Part 2: Getting Started
Eliot Whertheimer is the founder of London-based e-bike startup FuroSystems. It specialises in providing elegant, practical, and high performance e-bikes and e-scooters. We’ve come up with three e-bike and e-scooter business ideas that you could take advantage of in 2021. Even better, a new government scheme which aims to get more people using e-bikes could see people receive a grant towards their e-bike investment. According to The Times, the scheme will appeal to commuters looking for a sweat-free alternative to travelling to work, and could work in a similar way to existing grants for plug-in cars.
- The Ice Cream Bike has been around since people first started to enjoy ice cream.
- However, the Government recently announced its intention to allow scheme providers such as Cyclescheme to work with employers to offer staff cycle to work packages of any value.
- Creating and maintaining a website is a good way to inform regular customers about new products and services, as well as upcoming sales.
If someone gets hurt riding one of your bikes, you’ll need adequate insurance to protect your rental shop and your personal assets from legal liability. Being passionate about bikes and cycling alone won’t make you a successful independent cycle retailer. In the 21st Century shop owners need a good business brain to match their enthusiasm for the product and lifestyle. There is also a growing trend towards diversification across the outdoors pursuits sector. With historically outdoor focused retailers moving into cycles and cycling products and bicycle retailers expanding into outdoor pursuits and snow sports product.
Documents For Your Business
This trend is international and is also reflected within the distribution sector and is set to continue. We are regularly contacted by people who are setting up their own specialist bike shop, seeking advice and support. Bikes are relatively expensive and your customers can be hard on them, so mechanical skills and/or the ability to hire at least one full-time mechanic are important. An out-of-service bike isn’t earning money and can lead to customer loss if you don’t have enough functional rides available.
Bike lanes and car free zones are most often the best solution to this. Often, with big box stores regulated to city outskirts. This leaves lots of wiggle room for small business owners and entrepreneurs to take stake. This new trend is a turn of the tide for small business owners! An increased spike in foot traffic that’s encouraged to stay in Downtown and public park areas. “My co-founder and I studied and researched engineering at university in different deep tech sectors.