Decide whether your area needs a motorcycle-parts business. Another business detail to reckon with is a business license. If you get sued and lose your business, your personal assets could be at stake.
The third section of the business plan will further describe the services offered by the Motorcycle Dealer. At this time, Mr. For example, would you have to hire someone to chrome out a bike, or could you do it yourself? Increasing drug and alcohol use were blamed for the 15 years motorcycle business plan abuse.
While there, inquire whether motorcycle-parts businesses must get any special permits for handling motor oil or other hazardous substances. Explore the possibility of getting a credit line from key motorcycle-parts wholesalers. The Company was founded by John Doe.
Choose Your Structure Do you want to be a sole proprietorship? Scooters usually feature bodywork, including a front leg shield and body that conceals all or most of the mechanicals.
Doe expects a strong rate of growth at the start of operations. Cover your liabilities with adequate insurance. Ask your agent what coverage you would need should a set of used brakes you sold fail, causing an accident, for example. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Motorcycle Dealer.
How good are you at sales? Consult your insurance representative for a business liability policy that covers the unique situations encountered by a motorcycle parts business, which can be rife with risks to both life and property, due to the nature of motorcycles.
Unlike a conventional motorcycle, in which the engine is mounted on the frame, most modern scooters allow the engine to swing with the rear wheel, while most vintage scooters and some newer retro models have an axle-mounted engine. For example, a weekend rider might be interested in a jacket and a helmet for himself while a daily rider might need a jacket, helmet, boots, and special equipment for her bike, such as a saddle bag and a wind-resistant shield.
These strategies include traditional print advertisements and ads placed on search engines on the Internet. Description[ edit ] A motor scooter is a motorcycle similar to a kick scooter with a seat, a floorboard, and small or low wheels. Buy direct from the parts manufacturer for the best competitive advantage.
Shop far and wide though, and ensure that the machine you put your money into is the best you can possibly get for the price. These activities can be conducted for a fee, creating a profit center of its own, or you can offer them free of charge to attract your target market to your parts shop.
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