Welding companies need to set time aside each week to meet with prospective customers in order to keep the work coming in. Comstock/Comstock/Getty Images If you love motorcycles and you are looking to start your own business venture, a motorcycle shop may be the thing for you. Whether you plan on simply servicing motorcycles or running a full-fledged dealership, an important aspect of success in such a business is the ability to identify with the motorcycle subculture and show you appreciate the beauty of the machines you sell or service. In many cases, motorcycle shops become social hubs that attract repeat business and rely heavily on word-of-mouth marketing. 1. Find a location. For a small shop, a storefront in a strip mall may suffice. For a larger shop, try to find a place close to a busy road or intersection with plenty of space for your motorcycles. Unlike owners of auto dealerships, you may not want to keep a large amount of inventory outside in a parking lot. Because motorcycles can lose value by sitting outside in the elements, you should only keep motorcycles outside for short periods when the weather permits.

2. Analyze the total startup costs of your business. A number of variables affect this analysis, such as the location, size and nature of your business. According to Entrepreneur Media, if you want to start a small used-motorcycle business, you should be able to get it started for between $10,000 and $50,000. A motorcycle repair shop could have similar startup costs. However, a dealership with multiple brands and a full range of new motorcycle models on hand will cost much more to get started. 1000cc bike for sale in saEither apply for debt financing through a bank or private lender or convince a venture capitalist or angel investor to give you equity financing. motorcycle rain gear ottawaGetting a loan or line of credit through debt financing will mean you must pay a flat monthly fee until your debt is repaid, while receiving equity financing means you and the person who gives you money are both partial owners of the business. bcbgmaxazria asymmetrical moto leather jacket

If you have excellent credit and a strong income history, debt financing is probably more suitable, because it does not require you to share your business and can mean more money for you in the long run. However, if this is not an option, you may be able to convince an investor to help you by showing her that you have a great idea and the expertise to pull it off. For instance, if you have a long history in motorcycle sales or maintenance and you want to be the area's first dealer for a new and stylish brand, this may be enough. motorcycle dealers cody wy4. Obtain a franchise. This is not necessary if you just want to run a repair shop or if you only want to sell used vehicles. However, if you want to sell new motorcycles, you must contact the manufacturers to set up a relationship with them. Every manufacturer has different policies and requirements regarding franchise dealers. They will most likely investigate your business background, financial stability and target market to see if this is a good fit.

5. Obtain the necessary licensing, permits and insurance. Depending on your locale, you may need a general business permit as well as a license to run a motorcycle shop. Visit SBA.gov and use the site's search tool to find the applicable licenses and permits for your business and location. References My Small Biz: Start a Motorcycle BusinessBusiness Ideas: How to Open a Motorcycle ShopEntrepreneur Media: Motorcycle Sales Photo Credits Comstock/Comstock/Getty Images Suggest an Article CorrectionWe're located within driving distance of downtown Houston, NASA's Johnson Space Center and all of Houston's many attractions. Guided campus tours are available Monday through Friday at 10:30 a.m and 3:30 p.m. To schedule a tour, please call (281) 443-6262. Please plan to arrive 15 minutes before the tour is scheduled to begin. Sign in or Register Email this Job to Yourself or a Friend To begin the application process, please enter your email address. Already have an account?

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