It’s also a good suggestion to assume about an exit technique as you compile your business plan. Generating some thought of how you’ll finally exit the business forces you to look to the long run. During the ideation phase, you need to iron out the main particulars. If the thought isn’t one thing you’re keen about or if there’s not a market for your creation, it could be time to brainstorm different ideas.
In many elements of the nation, this business tends to be seasonal, however you can find ways round that. Rent a storage unit and supply to retailer folks’s bicycles over the winter after you do a tune-up and any wanted repairs on them. If you wish to cater to the Lance Armstrong wannabes, you can have business all year round.
- Long term, he said he’d like the sequence to reach the heights of the professional and private