Bike Shop

Historians can't agree as to exactly when the first bicycle was built, but everybody does agree that a French father and son team invented the first bicycle pedal and crank in 1861. Since then, there have been bike shops to cater to the bike-lover's every need. You can own a bike shop and turn your love of bikes into a rewarding profession.

Obtain as much knowledge as possible about bicycles and their technology. You must also have outstanding customer service.Create a business plan with financial objectives, your target market and how you plan on providing unique service at a low price. Gain knowledge on how to put together a financial picture of success for your bike shop. Any financing you receive will be based on your financial projections and credit history.

Make a stocking plan. Your stocking plan will reflect monthly sales, stock value and will control your ability to purchase stock. Pick a store that is in a central location, where there is plenty of space to park and load and that has lots of traffic at your store front. Dominate your competition with your unique value as a specialty store. This will be the key to your success.