how to run profitable bike shop

How To Run A Profitable Bike Shop – Free eBook

Running a profitable retail store is the goal. It’s also difficult—just consider the churn today in retail outlets. Many try; many fail. Somewhere in the middle are a majority who get by and a smaller percentage who generate solid profits.…
Success as Simple
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Is Success as Simple as Following a Game plan?

Is being a success as a bicycle retailer as simple as following a proven gameplan, or "recipe for success"? Could it be that simple? If you think about it objectively, the answer is arguable, yes. Look at some major retailers who, over time,…
used bike for sale
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Are Used Bikes A Quick Fix For Inventory Woes?

Utilizing Your Current Customers To Supply Your Inventory Needs. With the current inventory situation, the bicycle industry (and many others) are experiencing; used bikes could be a great source of the product to offer. With the brisk sales…
How to Run a Profitable Bike Shop
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How to Run a Profitable Bike Shop

When you want to learn how to run a profitable bike shop, you listen to a person who has actually done it. In this episode, Scott Chapin of Marsh & McLennan interviews David DeKeyser, former owner of The Bike Hub in De Pere, Wisconsin,…
Business Planning
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Business Planning

The following outline for business planning has been provided by bicycle industry veteran Ed Benjamin, who owned and operated successful stores in Florida for many years. It is targeted for people who may be looking at buying or starting a bicycle…
pricing strategy
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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
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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.”

Adjusting in the Midst of Chaos
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Evaluating and Choosing a Location: How to Run a Profitable Bike Shop

Ever wonder how to run a profitable bike shop? Learning how to run a profitable bike shop takes effort, but is well worth it and it starts with evaluating and choosing a location. Most bicycle retail stores' second most significant expense…
How to Run a Profitable Bike Shop: Part 2
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How to Run a Profitable Bike Shop: Part 2

How to Run a Profitable Bike Shop: Part 2 This week, Dave DeKeyser, a Business Consultant for the NBDA, returns to interview Todd Cravens, Vice President of Business Development at Quality Bicycle Products. Dave and Todd talk…