Aegis Blog

Is Outdoor Sports Insurance Right for Your Business?

Is Outdoor Sports Insurance Right for Your Business?

The outdoor recreation industry is thriving with profitable business models including manufacturing and sales of gear, apparel, and accessories, rentals and lessons, guided tours, and equipment repair, to name a few. The variety of business models in the outdoor recreation industry means there’s many ways to turn a profit, but there’s one thing that most businesses have in common -- the right outdoor sports insurance. Here’s what you need to know about outdoor sports insurance and how it can benefit your specific industry niche. What is Outdoor Sports Insurance? Any commercial business ...
How to Risk Proof Your Bike Shop During The Summer

How to Risk Proof Your Bike Shop During The Summer

Summer season is when bike shops thrive. Longer days and warmer weather bring increased traffic and sales to your shop, but it can bring increased risks, as well. Here’s how to risk proof your bike shop this summer. Beat the Heat Summer temperatures can soar up to triple digits and that means a greater chance for heat-related illnesses and heat stroke. Your employees are outside leading skill shops, giving lessons, and hosting bike camps which means they’re out in the elements. A heat-related employee illness can lead to a workers’ comp ...
Outdoor Recreation Brings Big Opportunities for Outdoor Brands and Businesses

Outdoor Recreation Brings Big Opportunities for Outdoor Brands and Businesses

Whether you’re a seasoned pro in the outdoor industry or exploring the idea of creating an outdoor recreation brand or business, you couldn’t pick a better industry. The Outdoor Industry Association has reported that outdoor recreation is a driving force in the economy, bringing jobs, consumer spending, and tax revenue to all parts of the US. Outdoor Recreation is Driving America’s Economy Outdoor recreation is among our nation's largest economic sectors, representing the lifeblood of thousands of American communities and providing livelihoods for millions of American workers. Every year, American consumers spend ...
6 Unbeatable Benefits of Ski Shop Insurance

6 Unbeatable Benefits of Ski Shop Insurance

Snow business is good business. According to Snowsports Industries America (SIA), more than $4.6 billion in snow sports products was purchased last year. And $2.5 billion of those sales of equipment, outerwear, apparel and accessories went to snow sports specialty stores. Ask anyone who owns a ski shop, however, and they’ll tell you: running a ski or snowboard shop takes a lot more than just a love for fresh powder and an enthusiasm for snow sports. It takes courage to succeed in the outdoor industry, which has more than its ...
Location Red Flags When Choosing a Home for Your Ski Rental Shop

Location Red Flags When Choosing a Home for Your Ski Rental Shop

Are you searching for the perfect location to open your ski rental shop? When you have a retail or rental shop your location can make or break your business. There are a lot of things to consider when deciding where to open up your shop, and choosing a “bad” space can end up costing your business in many ways. Before you sign a lease agreement for that beautiful space in the trendiest retail shopping plaza (or the bargain basement steal with the monthly rent that’s too-good-to-be-true) take a moment to ...
Sole Proprietor vs. LLC: What Business Structure is Right for Your Bike Shop?

Sole Proprietor vs. LLC: What Business Structure is Right for Your Bike Shop?

There are a lot of decisions to make when starting a bike shop or other outdoor industry business, and your business structure is one that deserves careful consideration. Because the way you structure your business can have major implications for your taxes, liability, and even your personal assets. Let’s take a look at some of the most commonly used business structures business owners choose to help you decide how to structure your bike shop.   How to Structure Your Bike Shop: Sole Proprietor vs. LLC The most common business structure is also the ...
7 Personality Traits You Need to Succeed in the Outdoor Industry

7 Personality Traits You Need to Succeed in the Outdoor Industry

What does it take to succeed as a business owner in the outdoor industry? Every business owner is different, but there are some key personality traits that most successful business owners and entrepreneurs have in common. If you’ve been dreaming of an outdoor sports-related business, here’s what you’ll need to get there. Plus some words of inspiration to help you along the way from some of the greatest achievers in history and today’s most successful entrepreneurs. 7 Personality Traits of Successful Outdoor Industry Entrepreneurs #1: Passion It should come as no surprise ...
5 Unexpected Ways Adventure Sports Insurance Protects Your Shop

5 Unexpected Ways Adventure Sports Insurance Protects Your Shop

If you’re paddling out to the biggest waves, you want the right board. And if you’re hiking a rugged trail, you want the right shoes. Protecting your outdoor industry business with the right insurance is as important as selecting the right gear for mountain climbing, surfing, hiking, or snowboarding. When you operate an adventure sports business, ordinary insurance just won’t do. Consider the differences between your shop and the business next door; be it a coffee shop, deli, or t-shirt shop. The guy selling t-shirts next door never has to worry about ...
10 Steps to Opening a Sports Rental Business

10 Steps to Opening a Sports Rental Business

Ready to get your sports rental business going? Whether you’ve got your eye on a kayak and surfboard rental business on the sunny coast or a mountain-view shop full of skis and snowboards, this ten-step plan will help you get there. Step #1 Write a Business Plan A business plan helps you start out your road to business success. When you create a business plan, you’re essentially mapping out what you plan to do and how you plan to do it. The business plan for your sports rental business will have three ...
15 Questions to Ask Yourself Before Opening a Ski & Bike Shop

15 Questions to Ask Yourself Before Opening a Ski & Bike Shop

Have you been considering opening a ski and bike shop? The outdoor recreation economy is big business, bringing in more than $646 billion each year. According to the Outdoor Industry Association, more than 140 million Americans make outdoor recreation a priority in their daily lives. So if you’ve been dreaming of opening a shop of your own, the outdoor industry has plenty of opportunities for would-be entrepreneurs. So You Want to Open a Ski and Bike Shop... If you’re not sure where to start, here are 15 questions to ask yourself ...

 

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