It depends on your business skills and your cash flow. I have worked for small companies all of my life and I have worked for owners that became wealthy and some not so wealthy. I worked in high end home and car audio shops for 9 years and I have seen a bunch come and go. It seems the key is separating your feelings for bikes from the business. You have to love the business not the bikes. The most successful people I have worked for loved the deal not the product.
Then there is cash flow! You might be the best shop in town, but if you can’t make payroll, your shop will not make it. I promise you, you will spend more time with cash flow matters than with bike issues. There is tons of ways getting, keeping and spending cash, how long will it take you to learn them all? Will have you enough cash to survive while you learn them?
Here are a few things I have learned about owning a company.
1. A 40hr work week is a vacation. (you won’t be putting many miles on bikes.)
2. Cash is king and how many mistakes can you afford to make?
3. What is a pay check?
4. You will think about your business 24-7 NO REST!
After you get that down, then we can talk about the retail side of things. Dean