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Sole Proprietor VS. LLC: What Business Structure Is Right For Your Bike Shop?

Sole Proprietor VS. LLC: What Business Structure Is Right For Your Bike Shop?

There are a lot of decisions to make when starting a bike shop or other outdoor industry business, and your business structure is one that deserves careful consideration. Because the way you structure your business can have major implications for your taxes, liability, and even your personal assets. Let’s take a look at some of the most commonly used business structures business owners choose to help you decide how to structure your bike shop. How to ...
October 21, 2016By InterWest Insurance Adventure Sport Insurance Sole Proprietor 0 Comment Read More »
7 Personality Traits You Need To Succeed In The Outdoor Industry

7 Personality Traits You Need To Succeed In The Outdoor Industry

What does it take to succeed as a business owner in the outdoor industry? Every business owner is different, but there are some key personality traits that most successful business owners and entrepreneurs have in common. If you’ve been dreaming of an outdoor sports-related business, here’s what you’ll need to get there. Plus some words of inspiration to help you along the way from some of the greatest achievers in history and today’s most ...
October 19, 2016By InterWest Insurance Adventure Sport Insurance Outdoor Industry 0 Comment Read More »
5 Unexpected Ways Adventure Sports Insurance Protects Your Shop

5 Unexpected Ways Adventure Sports Insurance Protects Your Shop

If you’re paddling out to the biggest waves, you want the right board. And if you’re hiking a rugged trail, you want the right shoes. Protecting your outdoor industry business with the right insurance is as important as selecting the right gear for mountain climbing, surfing, hiking, or snowboarding. When you operate an adventure sports business, ordinary insurance just won’t do. Consider the differences between your shop and the business next door; be it a coffee ...
October 14, 2016By InterWest Insurance Adventure Sport Insurance Adventure Sport Insurance 0 Comment Read More »
10 Steps To Opening A Sports Rental Business

10 Steps To Opening A Sports Rental Business

Ready to get your sports rental business going? Whether you’ve got your eye on a kayak and surfboard rental business on the sunny coast or a mountain-view shop full of skis and snowboards, this ten-step plan will help you get there. Step #1 Write a Business Plan A business plan helps you start out your road to business success. When you create a business plan, you’re essentially mapping out what you plan to do and how ...
September 26, 2016By InterWest Insurance Adventure Sport Insurance Sports Rental Business 0 Comment Read More »
15 Questions To Ask Yourself Before Opening A Ski & Bike Shop

15 Questions To Ask Yourself Before Opening A Ski & Bike Shop

Have you been considering opening a ski and bike shop? The outdoor recreation economy is big business, bringing in more than $646 billion each year. According to the Outdoor Industry Association, more than 140 million Americans make outdoor recreation a priority in their daily lives. So if you’ve been dreaming of opening a shop of your own, the outdoor industry has plenty of opportunities for would-be entrepreneurs. So You Want to Open a Ski and ...
September 23, 2016By InterWest Insurance Adventure Sport Insurance Ski & bike shop 0 Comment Read More »
How To Find Insurance For Your Outdoor Adventure Store

How To Find Insurance For Your Outdoor Adventure Store

When you own an outdoor adventure store, your business-as-usual is anything but. Whether you retail sporting equipment and apparel, offer lessons and classes in the great outdoors, or rent equipment that gets your clients to new heights, you have different considerations than the average shop owner next door. And that means you need business insurance protection that’s as unique as you are. If you want to minimize risk and cover your assets, without tying up ...
August 31, 2016By InterWest Insurance Adventure Sport Insurance Outdoor Adventure Store 0 Comment Read More »
10 Things You Should Consider Before Opening A Bike Shop

10 Things You Should Consider Before Opening A Bike Shop

Have you been dreaming of opening your own bike shop? Then let’s dive right on in. We’ve compiled a list of ten considerations that you will need to understand, calculate, and put on paper if you want to get your shop up and running successfully. Whether you want to sell cruisers on the boardwalk in Santa Cruz, or mountain bikes on the trails around Lake Tahoe, here are 10 things to consider before you pull ...
August 24, 2016By InterWest Insurance Adventure Sport Insurance Opening a Bike Shop 0 Comment Read More »