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3 Replies Last post: Nov 23, 2009 3:37 PM by phanio

Small loan/starting a local bike shop

Nov 22, 2009 4:08 PM

Click to view Hector011's profile Start-up Hector011 2 posts since
Nov 22, 2009
i am currently a business student and i love bikes so much ...how would i go about starting my own shop and getting a great loan?being a bike rider for so long i have all the networking i need to become succesful only problem is how i go about starting my business?? Can any one give me advice
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Click to view LUCKIEST's profile SCORE LUCKIEST 8,136 posts since
Aug 6, 2007
1. Re: Small loan/starting a local bike shop Nov 23, 2009 8:05 AM
Starting a local bike shop, Where??

Where are you?? Who are you??

I also love bikes and have bike shops in the Tri State area.

Start with a business plan
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Click to view Hector011's profile Start-up Hector011 2 posts since
Nov 22, 2009
2. Re: Small loan/starting a local bike shop Nov 23, 2009 3:32 PM
in response to: LUCKIEST
im a from Santa Ana Ca on the border of orange... i would most likely have the shop 4 blocks away from where i live just because it is a key area and has the potential of bringing in alot of customers revenue.
ALthough i am young i have the knowledge and understanding of how a businness works .

What bout you? whats your background?
Click to view phanio's profile Mogul phanio 604 posts since
Apr 7, 2009
3. Re: Small loan/starting a local bike shop Nov 23, 2009 3:46 PM
Find a small business development center (SBDC) in your area - might start with the chamber of commerce - they can point you in the right direction. As the SBDCs are part of the SBA - there is no cost to use them. They can help you develop and research a business plan. This will get you started on the right path.

They should also be able to provide insight into financing options.

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