For many seasonal business owners, one of the most frustrating obstacles to overcome is what to do with your excess stock at peak times of year.
If you run a business where demand is especially high around holidays (Christmas, Halloween etc), you may be struggling to think of a cost-effective way to deal with that temporary period in which you need more stock – and therefore more space.
Some people opt for using their home, and fitting stock into whatever corner can be spared, while others may pay high fees to rent a larger retail space.
Self-Storage As An Option For Seasonal Demand
It’s in this dilemma that self-storage really shines. A cost-effective way of securely storing your stock and leaving your home free from clutter, self-storage is a solution that is used by many savvy seasonal business owners at peak times of year.
Benefits of using self-storage:
- Security for your items: If you choose a high-quality storage facility, you will be able to store your items in a clean and dry unit with manned security and CCTV to keep your stock safe.
- No long-term commitment: Whilst renting retail space often comes with a long-lease, storage units are available to rent both long and short term, ideal for renting a unit for a couple of months to store your additional stock at peak times of year.
- A short-notice solution: If you have a sudden spike in demand, you will usually be able to arrange a storage unit within days. This is a great short-notice solution to have in your back pocket for when you need it.
- 24/7 access: Most facilities have 24/7 access, so you don’t need to rely on staff to be able to access your items at a moment’s notice.
Seasonal Business Owners: What Insurance Do You Need?
If you are renting a storage unit for your stock, having a storage insurance policy will cover the value of your items stored should they be damaged, lost, or stolen.
In addition, however, seasonal business owners may need additional insurance to cover you against claims that could be made against you by your staff or a third party (members of the public).
Find out more about our insurance for seasonal business owners.