LOCKDOWN - New Vocation - Cycle Servicing?

Re:

Quick update - so i've not really been on Retrobike much over the last few months. I made the leap, rightly or wrongly! So i'm now a fully fledged independent mobile cycle mechanic! Talk about a changed person - very, very different to my last job but really enjoying it (at the moment) - I operate from my well equipped double garage at home, any tools I was missing I grabbed whilst I could before they became really scarce in lockdown. I advertize locally via social media and word of mouth, registered with gov't for the ' £50 Fix Your Bike' vouchers which has kept me very busy over the last few weeks and also acted as free advertising for me - its incredible how well 'word of mouth' works in the local cycling community.

Lockdown/Covid has come as a perfect storm, i've lost nearly 2 stone purely from being on my feet and active all day instead of driving all day to addresses and eating due to boredom. At the minute im hitting around 15-20 services a week, however at peak I hit nearly 30 and come the monday didn't want to see another bike haha! At present its a very viable business, mainly due to very low overheads with working from home. I'm also braced for a very quiet winter - i've geared for almost zero income over 3 months, mentally I think I can cope with that and will have to shrug off the 'fine weather rider' in me and get riding all the miles I used to daydream about with my old job to keep me active and busy or find a side line.

So, it can be done, if done right. You'd never get me working as a skivvy for someone else or on PAYE, the way I do it is the only way I would or thats financially viable tbh.

Dare I say that with handling and dealing with lots of modern bikes that the retro has taken a little bit of a back seat, I was ever so tempted to sell up most of my Retro collection due to the incredibly strong used market at present but have held off, especially when I think of the time, effort and pride I took in building most of my collection!

Tom
 
I completly agree with mr "one bad mofo" sentiment about working in a bike shop! Until you do it, you wont know if its ok. It not like working on your own bikes for a hobby. You do that for enjoyment!

Ive been there and done that in a shop.

After building the 6th crappy kids bike of the day; after dealing with your 4th RUDE, time wasting customer who treats you like dirt; after hosing sick off the pavement on a saturday morning; after realising your mates on the dole earn only slightly less then you and finally when that nice bike turns up to work on and your boss turns it away as " risky business" then you can decide if its what you want to do.

As for working from home, ive run and now sold 3 successful businesses. The costs can be staggering.

Business Insurance. Including public liability this has to include when somebody trips over in you drive for example. Also the first question will be " how much experience do you have and whats your qualification "

House insurance. Dont think for one moment you would be covered if you have not told them your working from home. So thats going to rocket.

Another phone....dont use your one! Think about it.

Website and hosting. In this day and age nobody will find you!

Car insuance....up....your using it for business.....even if its just collecting parts from a shop.

Tax. Remove 25% of what you earn and your well covered.

Accounting fees...unless you can handle the hell that is " hmrc portal" website, without a financial Gandalf.

Paperwork......yes lots please

Right now go fix a bike for £10 an hour.......oh.
 
Sorry.

But hey, if its what you've always dreamt of do it anyway! Its how most good businesses start.

All the best if you go for it.
 
Tootyred":176tpein said:
I completly agree with mr "one bad mofo" sentiment about working in a bike shop! Until you do it, you wont know if its ok. It not like working on your own bikes for a hobby. You do that for enjoyment!

Ive been there and done that in a shop.

After building the 6th crappy kids bike of the day; after dealing with your 4th RUDE, time wasting customer who treats you like dirt; after hosing sick off the pavement on a saturday morning; after realising your mates on the dole earn only slightly less then you and finally when that nice bike turns up to work on and your boss turns it away as " risky business" then you can decide if its what you want to do.

As for working from home, ive run and now sold 3 successful businesses. The costs can be staggering.

Business Insurance. Including public liability this has to include when somebody trips over in you drive for example. Also the first question will be " how much experience do you have and whats your qualification "

House insurance. Dont think for one moment you would be covered if you have not told them your working from home. So thats going to rocket.

Another phone....dont use your one! Think about it.

Website and hosting. In this day and age nobody will find you!

Car insuance....up....your using it for business.....even if its just collecting parts from a shop.

Tax. Remove 25% of what you earn and your well covered.

Accounting fees...unless you can handle the hell that is " hmrc portal" website, without a financial Gandalf.

Paperwork......yes lots please

Right now go fix a bike for £10 an hour.......oh.

Not sure if the above is aimed as a pop at me but let me assure you, i've covered all the above. I've been self emolyed 17 years, previously very sucessful at what I did, just got to move with the times as the industry I was in is now taking a nose-dive.

Car and home covered for business.

I have sufficient public liability insurance, I am a MOBILE mechanic and only do collection/delivery on full servicing or on-street repairs where possible, so have no customers visiting me at home - this has been the way for the last 4 months, my customers love this and I feel sets me apart. Accounting is simple, i've been doing my own books for 17 years and the Government Gateway is simple to use. Phone - I use my personal one, tried 2 for several years and it was ridiculous, I've ran just one for business and personal for the last 10 years and will continue to do so, what is the point in carrying around 2 phones and having 2 phone numbers? Website - done and running, tax - I understand tax, I used to do work for HMRC. Deffo working out at more than £10/hour at present...(and im the cheapest mechanic in the area that I know of).
 
Surely rightly? regardless, it was something you wanted to do, and you have made the effort and are giving it a go, genuinely happy for you and i hope it continues to be fulfilling in every way 8)
 
Great stuff Tom, keep us posted with how it works out... BTW, how are you working out your rates?
Set job list prices or do you give an estimate once you’ve inspected?
 
I'm going to add. Great interesting thread and best wishes Tomas with your new business.

I'm convinced the foundations are getting set for new way how to do things. Would like to know
though how you deal with spare parts and if you are choosy about what jobs you take on - road, MTB, city, new
and modern, old knackered stuff, more modern tweaks etc...

EDIT: Dual SIM telephones are great. One of the best pieces of technology I have bought.
 
Re:

All the shitty stuff in the background you know what you're doing and have sorted...very best of luck, I wish I had the gumption.
 
Back
Top