Margins And Pricing: How To Run A Profitable Bike Shop in 2020 and Beyond
“An underperforming item isn’t a good buy if it ends up languishing on your shelves and eventually is discounted to a lower realized margin.”
Hidden Hurdles to Avoid: How To Run a Profitable Bike Shop
“You should always work towards the goal of becoming more profitable sometimes at the expense of understanding that your preconceived notions are wrong.”
Evaluating and Choosing a Location: How to Run a Profitable Bike Shop
How to Run a Profitable Bike Shop: Part 2
Vendor and Product Selection: How To Run A Profitable Bike Shop
“Why do you sell specific products/brands that are on your showroom floor? Were they simply the brands that were available, brands you chose because you endorsed them personally, or brands that offered a competitive product that returned sustainable margins for your business?”
Inventory – Part 2: How To Run A Profitable Bike Shop
“As you develop better controls on your inventory, you can more confidently increase ordered quantities, always staying within your “budget” of inventory dollars, of course.”
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Inventory – Part 1: How To Run A Profitable Bike Shop
“So how do you unravel the seemingly deep dark mysteries of how much inventory is correct? It is really simple actually. You want to have an amount that allows you to turn that inventory multiple times.”
A Series Introduction: How To Run A Profitable Bike Shop
“The bicycle retail industry has a wide variety of stores and one shoe does not fit all in terms of operations. My hope is that all will find at least inspiration to try and improve the bottom line.”
Sheri Mann: Shop Owner Profiles
“Our passion is just seeing people enjoy being out on their bikes.”