During the quieter winter months hire operators will expect to see more local users and specialist groups. All of these groups represent potential opportunities to preserve business outside of the peak summer season. Ideally cycle hire locations should offer routes which can meet the needs of customers, mainly families, without being too taxing whilst providing additional facilities such as cafe and toilets.
- • Take ownership of the full sales process from generating leads, selling the service, negotiation and closing.
- Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
- You will need consumer credit authorisation from the Financial Conduct Authority if you want to offer finance to your customers.
- These conjugates have favorable pharmacokinetic characteristics that provide extensive tissue penetration and a pronounced pharmacodynamic effect with a short duration of systemic exposure.
It can be a key business asset that requires sufficient protection if you are to maximise its full value. Whether your business owns or rents premises, your legal liabilities can be substantial. From pay, hours and time off to discipline, grievance and hiring and firing employees, find out about your legal responsibilities as an employer.
Can You See The Potential?
Health and safety is essential for any bike rental business, and our maintenance log can help you keep on top. Gear Up believe supporting employees getting to work by cycling is a worthwhile company investment. By promoting active travel, employers can demonstrate their corporate social responsibility and help improve staff wellbeing. We collect the personal data that you volunteer to us whilst using our services, for example, when you apply to our roles online. We may also collect information from public sources such as LinkedIn or internet searches. We use this data to identify you when we have employment opportunities that might be relevant for you.
Ideally the hire fleet should include a good mix of sizes and genders with comfort being the priority. Catering for a family market also means offering child seats, buggies, trailers and tandems to ensure everyone enjoys their day out. If you are offering demo bikes then there will be a greater investment in higher end models to meet demand, and this should be offset with increased hire rates. Learn more about key small business law topics such as employment law, health and safety, and business ownership. You should be aware of consumer protection legislation and of special safety legislation relating to new bicycles sold in the UK.
Doncasters Oldest Bike Shop, Pedal Power, Has Reopened Under A New Management
Imagine having access to the collective wisdom of other business owners to help facilitate your business growth. To return to the bike analogy, access to support like this is a bit like having an entire cycling team behind you. Their collective support helps to reduce drag, so you get to your destination quicker and with much less effort. It could be buying that dream car or booking a holiday of a life-time, providing funds to support your children’s education, simply committing to spend quality time with friends and family, or a combination of all of those. Then, imagine that the back wheel of the bike represents your business – the success of which will help you achieve your personal vision.
If you’ve got the location then its worth exploring the potential, before someone else does. A hire business can retain a lot of seasonal flexibility, and some may even close during the winter months. The seasonality of the business also means more flexibility with staff, allowing hire operators to retain a low number of full time staff and bring in flexible resources at peak times. Proper storage is essential which means finding adequate premises can be difficult. A new hire operator may wish to consider either going mobile or renting premises, which will help to reduce overheads and retain flexibility.
Viewing the P&L alone is not sufficient to understand the overall financial position of the company. You will have to analyze it in conjunction with the other tables of the financial forecast. It is vital that each machine is properly safety checked before each re-hire – the Cycle Hire Manual contains all the best practice guidance and adherence to the CTC Cycle Hire Code is also a must.