Thursday, 2 March 2017

Just Start Your Bike Business - As You Will Never Be 100% Ready

Do you dream BIG?
  • Do you think every day about working for yourself
  • Can you visualise fixing bikes and meeting cyclists 
  • Do you read, research bicycle mechanics and everything cycling related every day
Then its time to put your dream into reality

You have a dream to start your own bike business, your passion with cycling is very strong and have been thinking of this idea for a while now. So you have started a business plan but now see pitfalls in your research that stop you from starting..............................
Then you could just start your bike business, before you tell yourself the reasons why you can't.

"don't wait for opportunity, create it"

Chase the paper or the dream

By doing what you enjoy and the money will come. Work on yourself, success is something you attract and not something your pursue. If you want to get paid more, then work more and give more.
If you are expecting to earn £25k or more you will be disappointed, you need to turn your expectation in to apreastiastion. That's the day you become wealthy

"don't start a business just to make money, start a business to change people's lives"

Common questions I get asked:
  • I need an idea of setup costs and possible income etc?
  • How many customers do you think I need to be able to earn £25k?
  • How many jobs per day and how much income do I need to do per day?
."In the bike trade they say. to make a million you need to spend 2 million"

This is not exactly easy to answer as it will depend a lot on the size and standard of your mobile bike shop. However, most people who start a mobile bike shop that will be around a transit high roof long wheel base will spend around £25k setting up their business. The lowest amount you could probably get away with is £20k.

The following will factor into how well you will do

You can put bike shops and mobile bike businesses into 3 categories:
  1. The hungriest -Those who run a successful business, by just doing it and making it work. These businessmen have invested over £25k on setup, get involved in networking, make smart decisions and plan. 
  2. The hobbiest - Those who run a business for pleasure and happy to make £20k / year. 
  3. The And those who go bust after 1 year.
How do you intend to run your mobile bike business?
  • What size van
  • Buy used, new or lease 
  • Have you run a business before
  • Do you have money to invest
  • Do you have mechanical skills
  • Do you know how much you should charge
  • Can you get up in the mornings
  • Are you disciplined 
Getting up to speed
  • May take you 6 months or 10 years
By joining a network of established like-minded mechanics who have years of experiences and contacts in the trade, will give your business the kick start it needs. 

"Stay hungry - You may have the passion to start your bike business. But you must first know the reason why and what you want to achieve from running your own business?"

Meet Martin; Founder of Cycle Tech UK 
For a coffee and chat to find out if this business is for you!

Related Posts:
  1. Commitment To Your Mobile Bicycle Repair Business
  2. Make It Happen - Your Mobile Business A Success
  3. How much a bicycle mechanic makes per year?
  4. Mobile Mechanics Article - The Figures

We are looking for hungry individuals to become our network partners operating their own local mobile repair business in territories that complement our established network throughout the UK

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

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