With many people resorting to touring the city on bicycles, the demand for this mode of transport has never been greater. This therefore offers a perfect moneymaking opportunity for those willing to try out a unique venture. Here are valuable tips on opening a business specializing in bike rental and tours San Francisco provides.
You will first need to acquire knowledge of the bicycle rentals industry in your city. You have to do enough research and widely consult. An important tip to use here is finding a seasoned businessman who has been in the business for many years. Ask them about the tricks of the trade that you will need as a beginner to succeed. Finding someone willing to help you may take time and you should exercise patience.
Calculate your capital requirements. You will definitely need a substantial amount of money to cover your start-up costs. A large portion of your capital will obviously be meant for buying a fleet of high quality tour bikes. However, the amount here will be influenced by the number of units you will need and the brands.
It is important to write down a business plan. Most of the aspects of your new venture will be guided by the document. If you do not know how to go about this step, you are advised to seek professional help. You also need a detailed plan to present to your bank when seeking credit. You can also finance you new venture through donations from close family and friends. Still, you can work with business partners who share in your dream.
Decide on a good location for your business. It is advisable to think carefully before settling for any premise. The position you choose will have a great impact on the visibility of your venture and its eventual success. As a guide, go for a shop that is along a major highway or avenue. This will provide prospective clients with a chance to sample your products. Also, consider selecting a place where related enterprises are based.
Source for the right fleet. You need will require the best quality bikes that you can afford. There are many things to consider when deciding on a vendor to buy from. It is important to confirm that they have a reputation in the market for high quality products and great customer service. Research online and find out how they have been reviewed by their past customers.
Get different estimates. You do not need to compare prices from different bike manufacturer or sellers. This will enable you compare their prices so as to choose what is within your price range. However, when buying stock for your tour business, you need to compare value and not just price. To identify vendors in your city, you can seek referrals from other businesses. You can also search for more options online.
On identifying a good vendor, you will have to need to identify qualified and experienced staffs. You will require someone to handle administration duties as well as a few riders with good knowledge of different routes. To get clients streaming to your new business, you should invest a lot in marketing. Use social media and offline platforms to spread the word out there on your company.
To take advantage of the fun-filled bike rental and tours San Francisco visitors can book through this website. Find here detailed information on itineraries at http://sausalitobikerentals.com.
Author: William AdamsThis author has published 2 articles so far.