Overview
What is the nature of a business plan?
It is changing
What is our company tagline?
Cycle Forward, Sustain Together
What type of company is Geek Bikes?
C-Corperation
What is our primary target market?
Urban commuters
What is the largest expense for our firm?
Payroll expenses
Who is the target audience of a business plan?
Investors, customers, and employees
How many categories of bikes do we lease?
5
How many competitors does Geek Bikes have in the virtual economy?
0
What is our secondary target market?
Recreational users and environmentally concious individuals
Where do the majority of our sales come from?
Trade-shows
What part of the business plan is written last?
Executive summary
What is the mission statement?
Empowering a better world, one ride at a time, through exciting, high-quality, and sustainable transportation solutions.
What is the main strength of Geek Bikes?
Partnership with Sammy's Bikes
What psychographics is Geek Bikes targeting?
eco-conscious and fitness-oriented consumers
When is Geek Bikes projected to break even?
July 2025
How much should a business plan be updated?
Reviewed each year, could be updated as often as quarterly
What is the maximum milage our bikes will travel on one charge?
55 miles
Name one of the real-world competitors.
Leaseville or Wombi
How is Geek Bikes socially responsible?
Participating in Wednesday Night Group Rides with Sammy's Bikes.
How much, on average, are our sales projected to grow per month?
33%
What part of the business plan outlines strengths and weaknesses?
SWOT analysis
How much CO2 do cars release per mile?
400 grams
What is Geek Bikes's main threat?
Economic downturns reduce consumer spending
What is the price range for 1-month leases?
$170-$920
What is our profit margin on each bike?
60%