Opening a Bike Shop in a Recession: My First Year Struggles & Successes

Join this channel to get access to perks:    / @gograva   Find us at https://gograva.com Opening a brand-new bike shop in 2024 was one of the hardest things I've ever done. In this video, I take you through my first year running Go Grava Bicycles—the challenges, the financial struggles, and the surprising pivots that saved the business. From failing to secure a bank loan to barely covering fixed costs in the first six months, things looked bleak. But everything changed in July and August when I shifted focus to e-bike and e-scooter repairs—a move that led to my first profitable month and reshaped the store's future. 🚴‍♂️ Key Topics Covered: Why banks won’t fund new businesses (and what I did instead) The slowest months of my business (and how I survived) The surprising role of e-bikes and e-scooters in my revenue How I built a three-pillar system that made Go Grava thrive Why I believe traditional bike shops won't survive without adaptation My marketing strategy (Google Ads, social media, and local signs) 2025 predictions: Will we see a bike shortage? If you're thinking about opening a bike shop (or any business in 2024-2025), this is what you need to know. 👉 Subscribe for more behind-the-scenes insights, bike shop updates, and industry trends! #BikeShop #SmallBusiness #EBikes #Recession #Entrepreneurship