Daisy Santiago
March 18, 2020

Self-Storage: A Solution for Business Expansion

One of the signs that your business is doing well and going in the right direction is when there is a need for expansion or extension as your current set up can no longer accommodate the stocks and/or supplies your business should have to continue and keep up with its operations. Obviously, the next thing you will do is to look for a place as a solution to your growing business. This is a challenge every growing business is facing. Why? Because it also means expenses. A lease or rent is, of course, an expenditure. So, a business manager should carefully look for the right place for expansion/extension and consider the amount of money to spend on lease or rent. According to statista.com, “The cost of office space in London is the highest in Europe.” The cost can really be overwhelming, right?

Now, here comes the idea of renting a storage unit instead of commercial property, especially if you are a small business that is just starting to expand and if you are only looking for a place to house your stocks and office supplies. You can save up a lot of money as the average rent for a storage unit starts from  £18.50 per week. There are lots of advantages a storage facility can offer, so I have listed some of the scenarios where you can consider self-storage a helpful solution.

1. Temporary storage for office renovation

Now that your business is growing, expect the need to hire more people and to add departments to streamline operations. This also means widening up your workspace. This is where renovation comes in. Now, the question is, "Where are you going to put your office furniture, supplies, and equipment to give way for the renovation?" Self-storage is a great solution in storing all your office supplies and equipment, including important documents.

2. Records and files storage

Documents such as client files, human resource-related documents, employee paperwork, datasheets, and previous years' records may take over file cabinets. You can treat a storage unit as your physical archive for documents. You may store your outdated documents and keep the current ones in your file cabinets.

Tip: Ensure to avail of a storage unit near your office for easy and fast access.

3. Home office extension

A home office set-up is common among small business owners. However, it can be a nuisance if your working space dominates your entire home. Remember, as a human being, it is important to have a work-life balance. In this scenario, you may opt to avail of a storage unit to store your working stuff rather than fitting them all in your home. Self-storage is ideal for small business owners as it will not cost a lot of money. It is more cost-effective rather than renting a commercial space.

4. Storage for seasonal products

Some businesses offer items that are in season. Consider ready-to-wear and fashion stores as examples. These stores display clothes that are in season. For example, if it is summer, expect to have lightweight material dresses, flip flops, sandals, and hats exhibited in their boutiques. Those clothes or items that are not yet in season can be housed in a storage facility, if the fashion boutique does not have warehouses. Out-fashioned clothes can also be placed in a storage facility until the owner/manager decides what to do with them.

Tip: A climate-controlled storage facility is suitable for this kind of storing service.

5. Storage for large items

If you're part of a group of musicians or if you own a catering business, you may want to rent a storage unit to house your stuff if they are not in use. It is much cheaper than renting store outlets or warehouses. You may also take advantage of the security features the storage facilities are boasting. It is an assurance that your items are stored, safe and secure.

Owning and managing a business is very risky and needs a lot of strategic skills. Thus, you have to maximise every opportunity to reduce expenditures and cut the operating costs to have a higher net. Self-storage is a great solution for a startup's expansion because of its cheaper rental rates compared to commercial space, outlets, and warehouses. Explore the self-storage industry more and find great advantages that can contribute to your growing business.

Daisy Santiago

Daisy is our superstar blogger. With a marketing background and passion for writing, she loves to explore and research topics & put them into writing. Outside of work her hobbies include blogging, writing, blogging, writing. (We keep telling her to get out more)

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