As a small business owner, one of your key priorities is going to be making every penny that you put back into your business really count.
When it comes to the question of where and how you will run your business, this is especially important considering the high fees that come with renting business premises. For many, self-storage offers the perfect solution: a low-cost, low-commitment way to keep your equipment and stock safe while your business grows.
Below, we’ve covered some of the key benefits that come with using self-storage as a small business owner.
Frees up space
For small businesses, every bit of space you can use in your work premises is valuable (whether you have an office or are still set up in the garage of your house!).
Whether you need to create room for more desks for employees, or for more stock as demand increases, renting a self-storage unit can be a great way to free up your workspace in a cost-effective way.
Secure storage
As your business grows, the value of your stock and business equipment also increases – and keeping your things secure is going to become more important.
Most high-quality storage facilities should have a number of security measures in place, from CCTV to state-of-the-art fire alarm systems to prevent the spread of a fire from unit to unit. Renting a secure unit can give you peace of mind that your stock and supplies are safe until you need them.
Cost-effective
Transitioning from your home or a smaller office into larger business premises can be an expensive investment, not to mention a long commitment with most leases being for several years. If you’re not quite ready to make that investment yet, using a storage unit to free up space and store things can be a cost-effective alternative while your small business grows.
Greater flexibility for seasonal business owners
Seasonal business owners know only too well the frustration of having to find space for extra stock at peak times of the year, but then having to deal with expensive rental fees for the remainder of the year when demand is lower.
Storage units provide a great solution here, offering short-term rental contracts so you can store your stock when you need it, and then avoid paying fees when you don’t need the extra space.
Don’t forget! Cover the value of the items you’re storing
Should something happen to your items – for example, a fire, flood, or theft – the cost to recover the value of what you have stored in your unit could cause irreparable damage to your business. Make sure you have insurance in place to cover the full value of the contents you have in storage should something happen to them.
Find out more about our storage insurance and what you need to know as a business owner.