Failure Friday: “If I could do it over again, I’m not sure I would…”
In this week’s Failure Friday segment, we hear from the founder of a business that transports bicycles to adventure sport locations in Central America. After spending $40,000 to get going, he learned it was harder than he thought.
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What It's About
A British expat living in Central America cycles back on an early investment choice.
Notes from Chris
Episode 1847
I believe we can learn as much from failure as we can from success, if not more. It’s with this principle in mind that I offer you a weekly segment called Failure Friday: a collection of short stories all about mistakes, missteps, disasters, and of course, failure. Just like our Throwback Thursday segment, you’ll hear directly from side hustlers who have struggled to get something off the ground. They’ll tell you a short story of something that went very wrong. The stories will vary, but often it starts with an idea, what they thought would happen and what really happened—and of course, what they learned. Today’s short story features Richard Bexon, originally from the UK but has spent a lot of time in Costa Rica and other parts of Central America. We told the successful story of his bicycle transport business on Episode #1438: Cyclist Puts Wheels in Motion on Bike Box Biz. This is a business that has a lot of built-in complexity, which is part of what turned out to be difficult. He’ll tell the story better than me, so let’s hear from Richard. Listen to today's episode to learn more...MENTIONED IN THIS EPISODE:
- Thanks to Richard for sharing this transparent and truthful story. Check out his website at biciboxcr.com.Check out his website at namutravel.com. They are Central America Travel Experts, offering custom-built itineraries to Costa Rica, Belize, Colombia, Guatemala, Nicaragua & Panama.
- Cyclist Puts Wheels in Motion on Bike Box Biz: When a triathlete ships a road bike around the world, little does he know that the box it comes in would take him on a journey of its own.
- Online Bike Store Owner Gears Up for Hands-Off Profits: After following his wife around Italy, an Irishman takes life by the handlebars—breaking the cycle of new jobs by learning how to drop-ship e-bikes.
- Aussie Cyclist Shifts Into Gear With Online Shop: After a painful breakup, an account manager becomes a new spokes-person for side hustling by reselling bicycle gear.
