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For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

How selling online helped rescue Urban Rider

Urban Rider is a ‘bricks and clicks’ business that established itself as a 'must-go' online and retail destination for bikers back in 2007

The firm, formerly Bullet Motorcycles, had already been around for a long time when Will Starrit and Andrew Taylor took it over.

Once a popular haunt for London bikers, including celebrity riders such as Ewan McGregor, the Fulham shop was struggling when they took it on.

Having renamed the business, redesigned and refitted the store, refreshed the range and - crucially - opened an online sales outlet, Will and Andrew successfully turned Urban Rider into a ‘destination’ store for bikers from London and beyond.

Building an online identity

They achieved this transformation by targeting both commuters and serious recreational bikers, and by having a clear separation between the bricks and mortar shop and the online store.

While the shop sells a range of scooters, motorcycles and accessories, the website focuses on a select range of clothing priced from £70-£1,300.

“It’s key that we sell clothing that is highly desirable and hard to track down,” says Will. “We go to the manufacturers and get exclusive deals where we can, and because they can see the quality of the website and what we stock, they usually agree.”

As a sales strategy it works. The website generates sales, but also interest, and it pulls a lot more people into the physical premises than conventional advertising could achieve by itself.

Creating a stylish shop and website on a shoestring

Will and Andrew’s venture is a great example of style on a shoestring. For example, they saved the £90,000 they were quoted for the fit-out by doing the work themselves - partly thanks to Will’s talents as a graduate of the Royal College of Art.

When it came to the online shop, Will and Andrew knew they had to reflect the strong identity they had established for the store. So, even though their budget was tight, they opted to use a web designer to adapt an off-the-shelf ecommerce package.

“The software and hosting came in at under £1,000, and our total spend including design and professionally produced images was around £7,000,” Will explains. “We launched at Christmas time, and without the site we’d have lost out on at least £2k in profit.

Driving online customers to offline shop

“Our web presence drives extra customers to our shop,” Will says. “A guy from Oregon who’d read about Urban Rider on a biking blog dropped by and spent £700.” Such examples aren’t a one-off. Many customers are visiting the shop in person, having already browsed the website.

One German customer who comes to London every couple of months spends a few hundred pounds each time; a Spanish businessman ordered a helmet online and asked for delivery to the hotel where he had his London meeting on a particular day.

“On a Saturday half of our turnover comes from people have found us on the web, so this is a key reason to have a good-looking site,” says Will.

Web sales quickly accounted for about 15% of turnover, but the profit is significantly higher on goods sold online as the overheads are much lower. In fact, the site was profitable within four months and now sells to a worldwide market, with 75% of sales to UK customers, 20% to the USA and 5% to bikers in the rest of the world.

Building a web community

Will and Andy don't just sell online, either - they're active on social media. They have an active blog and their own YouTube channel, as well as profiles on Twitter, Facebook, Instagram and Pinterest.

“We want buying from Urban Rider to be a lifestyle experience, not like buying a toothbrush,” Will concludes. “We’re using web technology to show customers a cool, edgy side to biking that they can aspire to.”

Three tips from Will

  • Look at your supply chain. Does it have too many links? Ask the manufacturer if they will sell direct rather than via a regional distributor. Urban Rider doubled its margin by doing this with some suppliers.
  • Quality is paramount. Make sure the design, navigation, photography and copy on the site are top notch and reflect your passion. Make your customer service top quality too.
  • Always project a positive outlook when dealing with customers. People are more likely to buy if you make them smile. And even if they don’t, they’ll remember and recommend you to friends.

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