Cycle.land was subsequently incubated by Oxford University Innovation, which enabled the launch of a fast growing bike-sharing marketplace in Oxford within a few months. After significant success in Oxford, Cycle.land expanded and launched schemes in Cambridge and Edinburgh and is set to launch in more UK cities later this year. Our software supports Stripe, a low-risk payment gateway that’s secure and easy to use. Follow our quick video tutorial to get set up and ready to receive your first online booking. Click through here to sign up for our daily email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We may provide your personal information to clients, potential clients, or to others where we are required to do so by law.
- Sources of start up funding, from banks to investors and grants to personal savings.
- Always worth giving away simple maps showing local rides of specified length, plus offering more sophisticated maps for sale to the more experienced riders.
- Always charge a good deposit, refundable if the machine is returned in accordance to your terms and conditions.
- CoverFit is Bikmo’s groundbreaking insurance fitting service engineered exclusively for bike shops.
- Do not ride if you have been drinking or taking medication that may make you drowsy.
The first port of call should be specialist brokers Butterworth Spengler , however shopping around will almost certainly be required to assess the options. Clearly cycle hire does require access to the right location so it can’t work for everyone, and there’s no guarantee the great British weather will be on your side either. ‘CoverFit’ is our groundbreaking insurance fitting service, unique to Bikmo. Our expert, Ben, will guide bike shops through the increasingly mystical components of a high-performance policy, all aimed towards providing bike shops with a personalised insurance proposal designed around the business. The end result is a product that provides premium protection for the modern-day bike shop, combined with expert advice to ensure the policy is configured to fit the client. We know first-hand that Hiscox is a reliable insurer we can depend on to support our clients when things go wrong, and are committed to work with us to continually improve.
Oxford Graduates Bike
Clearly many locations do offer opportunities to cater for enthusiasts which mean hire businesses have further opportunities to develop if they wish. Rutland Water Cycling is a great example of this approach, developing a reputation as an MTB test centre alongside its existing family orientated hire business. Start Up Donut provides practical information to help your business succeed. Launched in 2009, the Donut websites have grown to be the UK’s largest resource for small businesses. Learn more about key start-up topics such as business ideas, business planning, and sales and marketing. A successful business is one that consistently makes a strong profit, generates a healthy cash flow, and provides its customers with an exceptional experience.
It is important to keep the cycle well identified and a log kept of any damage and how it occurred. Be prepared to deduct a charge for further damage from the deposit that is one reason why it is imposed. ACT has a simple hire document in the stationery range, but a computerised system is the best method for integrated data. Make the return time a condition of the hire; otherwise you could be hanging around half the evening waiting for a return to arrive.
For some cycle hire may not inspire the same passion as retail but its potential certainly makes it commercially appealing. In fact there’s so much potential one article couldn’t hope to include it all! Hire and retail don’t have to be exclusive and can in fact work well as an extension of the other, creating new income opportunities and value-added services for existing customers and those you never knew you had.
Experience has also shown customers tend to treat newer items with more care. We’ve helped thousands of cyclists across the UK get back on two wheels following a non-fault accident. Our cyclist tailored service ensures their needs are met and they’re back on two wheels as soon as possible. CoverFit is Bikmo’s groundbreaking insurance fitting service engineered exclusively for bike shops. The idea started out as a concept in an entrepreneurship workshop run by Oxford University’s Saïd Business School into the UK’s first peer-to-peer bike-sharing company that enables users to borrow bikes from locals. While the demand for eco-friendly transport options has grown, we noticed the rental industry being left behind when it came to technology.
With our user-friendly management software, we want to help managers grow a sustainable bike rental business that’s simple to run. Its purpose is to present your business model by telling your story – who you are, where you’re based, what product or service you’re selling, and, most importantly, what you need from the reader to make it come to life. It will allow you to show potential investors that you’ve thought deeply about every aspect of your bike shop, from the actions you’ll put in place to attract customers to a solid contingency plan. The written section of your business plan can’t be neglected because it puts the figures presented in the financial part into context – allowing those reading the plan to understand the risks and assets of your business model. Our Bicycle conjugates, including both toxin conjugates and targeted innate immune activators, are designed to rapidly deliver drugs systemically. These conjugates have favorable pharmacokinetic characteristics that provide extensive tissue penetration and a pronounced pharmacodynamic effect with a short duration of systemic exposure.
Local authorities in Scotland require second-hand dealers to obtain a licence or registration to operate. This applies unless dealing in second-hand goods is only incidental to the main business activity. Elsewhere in the UK, some local authorities license or register businesses where second-hand dealing is the main or a significant part of the business and is not just incidental. If you are in any doubt as to whether second-hand dealer licensing may apply to your business, contact your local authority trading standards department for guidance.