How to Leverage Self Storage When Starting or Scaling A Small Business
Starting or scaling a small business is no small feat, especially when you're working with limited resources. One strategic asset that often goes overlooked is the use of affordable storage solutions. Whether you’re the head of a small company or starting a business out of your home, a storage unit can be a game-changing investment.
In this blog post, we'll explore how a cost-effective storage unit can benefit small companies and home businesses alike in both starting and scaling their venture successfully.
The Challenge of Scaling and Starting
Every business faces its unique challenges, but small businesses have their own set of hurdles when it comes to scaling. Common obstacles include:
- Limited physical space
- Cash flow concerns
- Inventory management difficulties
For startups, the challenges may also include the lack of an established office or warehouse and the need for cost-effective solutions right from the get-go. Fortunately, a storage unit costs significantly less to rent than most other types of commercial real estate and with a more flexible lease.
5 Benefits of Small Business Storage
Storage solutions are invaluable when you're establishing your business. Here are some of the ways your business can benefit by using self-storage:
- Home-Based Operations: A storage unit can significantly reduce clutter in your home if you’re operating a home-based business.
- Bulk Purchasing: Having extra space enables you to buy in bulk to capitalize on better pricing for goods and startup inventory.
- Scalable Solution: A storage unit can grow with your business, offering more space as your needs increase.
- Save Time and Money: The ROI of investing in storage is not just about square footage; it’s also about organization and productivity. Streamline operations and save valuable work hours along with money.
- Seasonal Use: Affordably store seasonal goods and free up valuable retail space for best-selling items.
7 Key Features to Look For in Business Self Storage
Beyond being budget-friendly, here are key features to consider when choosing a storage space for your business:
Ensure that the facility has state-of-the-art security to protect your valuable assets. This should include gated entry, security cameras, on-site management and a protection plan.
Climate-controlled storage units can protect sensitive items from humidity and extreme temperatures. Keep documents, electronic equipment, books and furniture from getting damaged by mildew or temperature shifts.
24/7 access to your storage unit can be especially beneficial for businesses with non-standard operating hours. Make sure that your storage facility allows you access when you need it.
Choose a location that is proximate to your business so that regular visits don’t turn into an inconvenience.
Ensure that the terms allow for changes, as your business needs are likely to evolve.
Many storage companies offer protection plans that insure your belongings from weather-related damage, vandalism and fire. As a startup or small business, you can’t afford a setback. Be sure your valuable assets are covered.
Many storage facilities have features such as drive up access, cargo elevators, carts and dollies and packing supplies that can make your life easier. Look for options that will make running your business more efficient.
Types of Businesses That Benefit from Self-Storage
Any business can benefit from an affordable storage solution. Below are some of the most common business storage solutions we see. This list should give you ideas on how to leverage self-storage for your own business.
Inventory can quickly pile up, especially during peak seasons. E-commerce businesses can utilize self-storage to manage excess inventory, rotate seasonal products or even as a temporary holding area during sales events.
Physical stores with limited storage spaces can use self-storage to stock up on seasonal goods, hold special event promotions or store fixtures and displays that they aren't currently using.
Restaurants and Caterers
With equipment, tables, chairs and event supplies, catering companies and restaurants might need additional space that’s both affordable and accessible. Use self-storage units to house excess dining sets, kitchen equipment and event decor.
As many entrepreneurs begin their operations from home, their inventory or equipment might overrun their living spaces. Self-storage can help maintain a work-life balance by keeping business items separate and organized.
Construction and Landscaping
A self-storage unit is a cost-effective way to store tools, machines and materials securely, especially during off-seasons or between projects.
Real Estate Agents and Home Stagers
From signboards to furniture used in staging homes, real estate professionals have a lot of materials on hand. A storage unit provides an excellent location to hold these items between showings.
Mobile Service Providers
Professionals such as mobile groomers, mechanics or cleaners have equipment that might not always fit in their vehicles. A centralized storage location allows them to swap out tools or products as needed.
Law firms, doctors' clinics or consultancy services regularly deal with archived documents, office furniture or outdated equipment. Rather than cluttering their operational spaces, they can place them in an easy-to-access storage unit.
Artists and Craftsmen
Those in the creative industry, from painters to sculptors or craftsmen, require space for their materials, tools and creations. A self-storage unit offers a flexible space to both store and sometimes even work on their projects.
Event and Party Planners
With decorations, props, sound systems and more, event planners need ample space to keep their diverse range of supplies. Self-storage provides a consolidated space to store and organize items for various events.
Find Business Storage Near Me
Storelocal has storage facilities across the country with the amenities and expertise to make running your business easier. We offer secure small business storage that’s flexible and grows with your business. Use our location finder at the top of the page or contact us to find a storage solution near you. Our friendly staff is happy to answer questions and help you find a storage unit that matches your needs.