Sunday, 30 November 2014

Reasons Why Some Mobile Bicycle Businesses FAIL

With the continued growth of the cycle industry, there are still some Mobile Bike Repair businesses that have not been able to succeed during the industries rapid expansion.

Owning any type of business on wheels in a good economy is still a challenge, but starting and running your business without a plan & support is even more difficult.

Branding & Image
  • Turning up in a car with a few tools, might get you the customers who are only looking for a cheap fix, that you wont be able to make a living from in the long run. In any business we all have to start somewhere and you maybe testing the water or starting part-time before you invest your hard earned money. Starting with the right image, gives your customers a better understanding what you offer. Also read: Our branding can secure long term success 
No commitment to learning.
  • There is no place for complacency when it comes to being a mobile bicycle repair entrepreneur. Successful mobile bike repair owners search constantly for new and better ways to get customers as well as to serve the ones they already have. They are aware of the latest cycle service industry trends and ideas so they can create products and services which best serve the changing needs of their target market. They learn about and implement processes that increase the effectiveness of their day-to-day operations. By committing yourself to learning and to implementing what you learn, you’re committing yourself to success in all parts of your business
Fear.
  • If fear of failure is what is preventing you from running your business, you have to get around it and forge ahead.
  • I think if someone’s too nervous to start a business on their own, then definitely finding a friend to do it with will help.
Business Plan
  • Lack of a business plan is why businesses fail. The previous points should be included in your plan. 
  • The business plan is what everything your mobile repair shop will do is based on. It will force you to plan ahead, think about the competition, formulate a marketing strategy, define your management structure, and plan your financing, among other things. It is your roadmap to success. Do not proceed without a solid business plan.
  • When you sit down to start writing your plan, you must remember that it is your argument to show your idea is worth backing.
No strategic partners.
  • Successful Mobile Bike business owners typically don’t go it alone. They associate, partner, and network with other successful Mobile Bike Repair businesses. Partnering with others is a way to quickly expand the reach of your own mobile business. There’s a wonderful synergy that comes with doing things with other Mobile Bike Repair business. There are more ideas, more knowledge, and more resources to create products and services
Overview:
  1. Communicate your ideas and passion to others 
  2. Start a business plan to help you spot potential pitfalls before they happen
  3. Write down your Strengths and weaknesses 
Challenges
  • Lack of knowledge 
  • Looking for short cuts 
  • Laziness 
  • Lack of focus 
Solution
  • Our Network is a proven idea      
  • Our business is in high demand 
  • Offering a personal service
  • Going local 
Like any business there is no guarantee you will be successful, Cycle Tech UK gives you all the tools and support to make you successful.

"The best way to succeed in the mobile bicycle repair business is to be in the mobile bicycle repair business"

If you would like to receive a copy of our information brochure which provides further details, joining fee, including an overview of our business model then please contact the Managing Director Martin Wilkins Email:  martin@cycle-tech.co.uk 

You may also like to read: Why some bike businesses fail and others succeed




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