Pros:
1. Low startup cost – Compared to other types of businesses, bike tour companies require relatively minimal investment in terms of both money and time. With most tours organized on an individual basis, there is little need for large upfront investments in equipment or premises.
2. High demand – In recent years, an increasing number of people have been looking for ways to explore the world in a more sustainable manner. As such, bike tours are becoming increasingly popular and there is a large demand for these services.
3. Flexibility – Bike tour companies offer greater flexibility than other types of businesses. You can choose the type of tours you offer, move to different locations and adjust your services based on customer demand.
Cons:
1. Physical demands – Operating a bike tour company is not without its physical challenges. Tour guides must be able to physically manage long days in the saddle and lead customers over challenging terrain.
2. Liability – As a business owner, you are responsible for ensuring the safety of your customers while they are on tour with you. This means that you must understand the legal and insurance implications of running a bike tour company so that you can adequately protect yourself and your customers.
3. Weather – The weather is another challenge that must be taken into account when running a bike tour company. Wet and windy conditions can make cycling difficult, so you must be prepared to adjust your itineraries and plan accordingly.