Saturday was a pretty good day. I rolled in just before 10am, cruised the expo floor, and then spent the rest of the day learning everything I could about running a bike shop.1 My first stop was a seminar on inventory management where I had my mind absolutely blown by the volume of what I didn’t know. Lunch followed, then another swing through the expo floor, where I talked to the guy from Oval Concepts about their aerobar line, chatted with the dude from Crank Bros. about the future of their product line, and then cruised back upstairs for a seminar on the cost of doing business — a 90-minute session that covered everything from initial start-up capital, to applying GMROI to employees, to the transition from credit-based operations to cash-based operations. At the end of the day, my head was spinning, I was more psyched than ever to get my shop opened, and I had resolved to go out and get myself an MBA.
Last night, I wasn’t as good about my to-do list as I was on Tuesday night. Mainly because my groove was interrupted and we went out with a friend of … Read more