Posts by Phil Latz
Booming Share Price Prevents Dorel Going Private
As we reported previously in the bottom section of an article here, Canadian based Dorel owner of major bike brands including Cannondale, GT, Mongoose and Schwinn was set to revert to private ownership. However Dorel has now cancelled its proposed bid to take the company private following a backlash from a significant portion of the…
Shimano Takes Over from Mavic as Neutral Support for Tour de France
Shimano will be taking over the neutral support role at the Tour de France and other marquee races this year, replacing long-time partner Mavic that began race support with its distinctive yellow vehicles in the 1970s. Shimano’s deal with ASO, owner of the Tour de France includes all of ASO’s season of men’s and women’s…
Begin with the End in Mind
All new business owners start out wide-eyed and optimistic, or at least they should be starting that way! Although it’s counter-intuitive, the very beginning is also the time to put some thought and planning into how your business will end. From a business owners’ perspective, the end, usually means either selling the business, handing it…
Six Steps to Results
Building your business is like climbing a stairway. In this video, we’ll look at six key steps that if you can master, you’ll become a highly successful business owner. That is someone who receives strong profits from one or more businesses but does not have to work in any of them. These steps are Mastery,…
Clip On Ebike Power Within Seconds
Despite the boom in ebike sales over recent years, there are still far more non-ebikes on the road than ebikes. E-bike conversion kits have been around for many years. But they are relatively expensive and labour intensive to install. There have been some attempts to make conversion simpler such as the much hyped Copenhagen Wheel,…
How’s Business? February 2021
Welcome to our first How’s Business interviews conducted in 2021. As always, we called a selection of shops across city and rural locations throughout Australia and New Zealand. This month’s follow up question was, “Did you notice any differences in your Christmas trade compared to previous years?” Paul Fitzgerald from Giant Echuca in the historic…
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It’s Electrifying!
With the rapidly growing ebike market has come a new breed of ‘outsider’ entrepreneurs who are attracted by its future possibilities. These entrepreneurs are bringing fresh ideas and are willing to try new concepts. Crooze is a great example. We recently visited its main store, located on a busy highway in Bundall on Queensland’s Gold…
BikeExchange ASX Float is Underway Seeking $20 Million
Following on from our article last month in which we reported that BikeExchange appeared to be preparing to float on the Australian Stock Exchange (ASX), the initial public offering (IPO) is now underway. Bike Exchange is seeking to raise $20 million at 26 cents per share. Because they’re only offering to sell a portion of…
BMX International Has Space to Spare – For Now
Anyone for tennis? BMX International could have gone into the indoor sports business just before Christmas 2020 when this photo was taken. Managing Director Scott Shepherd, pictured here with plenty of elbow room, said that this warehouse normally holds 5,000 BMX bikes but at that time, it contained none. He was quick to point out…