Entrepreneurs: Here’s Why Self Storage Could be Essential to your Success
Cash is King for all businesses. For entrepreneurs it's just essential to manage your cash as you nurse your embryonic business.
Do you really need to buy or lease premises for your business to succeed? Too many entrepreneurs buy or commit to long-term leases too early in the life of their business. Suddenly they have a massive monthly overhead without the sales to support the cost. Invariably you will have had to commit to more space than you initially need, literally wasting money on dead space. Add in rates, insurance, utility costs and maintenance and you could be having some uncomfortable meetings with your bank manager.
Consider the case for self storage in your business plan. You rent just the amount of space that you need, increasing or decreasing this space to reflect the needs of your business. For example anyone who deals with stock will experience daily, weekly, monthly and seasonal fluctuations in the amount of space they require. In most UK self storage facilities the space you rent can fluctuate to accommodate the demands of your business. You just pay for the space you require and have no additional costs for rates, insurance, utilities and maintenance. In addition your goods will be protected with state of the art security, CCTV and sophisticated fire detection systems all giving you peace of mind. You will also save an enormous amount of time by not having to search for the perfect premises to buy or lease.
Some self storage companies will accept deliveries on your behalf. A few even have forklift trucks with trained staff, who can unload large deliveries of pallets for you. This saves you the cost of hiring your own staff and equipment, but more importantly releases your time. It's so easy for entrepreneurs to find their valuable time being wasted on unproductive activities. It's just crucial to avoid this, and to carefully invest your time on the highest value creating activities. Plumbers, electricians and other tradesmen can order the stock they need for jobs, get it delivered to their self storage centre and then collect it at their convenience. They invest their time profitably serving their customers, rather than earning nothing while they wait for a delivery. Retailers, manufacturers, importers, ebayers and just about any entrepreneur who receives deliveries can transform their productivity with this service.
Many entrepreneurs start their businesses working from home. What seems like a great idea at the time, can result in rising tension on the domestic front. Stock, tools and equipment take up a bit too much space, and tempers become frayed. Feedback increases as harmony decreases. Some customers are just about dragged in by the ear accompanied by a partner with a sense of humour bypass. Self storage leaps to the rescue and domestic harmony is quickly restored.
Self storage doesn't just have hard business benefits it can restore your work life balance too! Most importantly by being careful with your cash in the early days of your entrepreneurial life you dramatically increase your chances of success.
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