starting a cycle business

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davey26 13 Nov 17:37  

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Hi, Can anyone out there share any advice about starting a small cycle business (sales, repairs, custom builds etc) I've been cycling for years and now recently redundant would like to hear and start up stories or niche businesses etc? Thanks eveyone.

woodowl 14 Nov 00:44  

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If your confident in your ability to do it mate then you do it.
Good luck.


soren 14 Nov 09:03  

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I recon now is a great time to start a small cycle bussiness, but only if you have 1. a big enough cash flow to keep your creditors happy,2 enough knowledge to keep your customers happy.

Good Luck.


davey26 14 Nov 09:33  

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Cheers, I truly believe that this boom in cycling will only continue!! Plus there's now the "fashion" side to cycling with cool fixies and urban commuting, chic cafes etc. And E-bikes will only get better and better. But finding suppliers willing to deal with start ups is difficult.........


davey26 14 Nov 09:35  

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Would love to hear other peoples stories both success or failure also. Thanks all!


soren 14 Nov 10:23  

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You could always start small.import some cheap unknown brands from Taiwan/China sell them on ebay, and build from there.


dudley 14 Nov 15:18  

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if you are setting up a small 'local' business, you might do well to speak to a successful local cycling business that is not in your area - i.e. one that you will not be competing with. A mentor, as such.

A small business mentor, even for a small one-off, or regular fee, can really help get off the ground, and will probably save the cost and more (if there is a cost) in avoiding familiar pit-falls.
Accounting, cashflow, stock levels, competing with the volume sellers & online sellers etc. How to get online, how to deal with sponsorship (local clubs etc)

Becoming THE hub for local cycling activity, the start or end of weekly Club rides, coffee and cake for regular riders etc. If they're at the shop every week, even if they're not buying, they'll buy all they need from you.

Avoid becoming, or being seen as, a roadie or an MTB snob. You can be a specialist in both, but it is easy to alienate one 'tribe' which halves your business.

I've not done it, but my local shop is a father and son team. Great set-up.
I get my bike serviced there, even though it is 5 miles further away than the nearest LBS (which is also very good, but one bad experience put me off years ago)


One thought...
Do you know a REALLY good LBS?
Do you want to go into business / partnership with them? set up another branch?
Your years of cycling might give you a contact or two to think about that as an approach.
Halves accounting costs, stock share, holiday cover, perhaps even sharing staff / mobile workshop etc, internet costs.

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