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.…
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…
Business Planning
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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.”

Business Planning
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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.”

Business Planning
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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…
Business Planning
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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?”

Business Planning
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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.”


Business Planning
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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.”

Business Planning
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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.”