When your small business starts to grow, you may find yourself running out of storage space in your home or office.
Whether you run an ecommerce business or a brick and mortar retail business, you may find your inventory growing to keep up with customer demand. If you run a service, like catering, home repairs, or video production, you may acquire new equipment needed for larger jobs, and need some place to store it.
Here’s why self storage is the perfect solution for small business owners like you.
1. Cheaper Than Office Rent
Self storage is meant for storing your belongings. As such, the rent per square foot is cheaper than the rent on a home or office. Even if you get a unit with climate control, chances are the rent per square foot will cost less than home or office rent. In short, you’ll get a great deal on the space you need, and this helps to reduce the cost of running your business.
2. Tax Deduction
Since you’ll be using your storage unit for your business, you can list the amount of rent you paid every year as a line item deduction on your taxes.
3. Switch Sizes as Needed
Let’s say you start with a 5x5 unit, and it’s the perfect size to keep your inventory. Six months later, you find that you need more space. Storage facilities make it easy to switch to another unit.
4. On-Site Retail
It’s best to store most items in plastic bins with tight lids, though there can be some variation depending on the exact type of item you’re storing. Peruse this blog for specific instructions. No matter what you’re storing, an increasing number of storage facilities sell boxes and other supplies on-site to help you store it.
5. It’s Easy to Keep a Strict Inventory
Self storage makes it easy to keep track of inventory. When you pack your inventory boxes, label each box. Then, get a sheet of paper or two. Write down the box label at the top, and note every item you put in the box underneath. That way, you can record your inventory. Since this is for your business, include things like how much the item cost you and how much you sell it for.
Once the boxes are all packed and ready to go to storage, input the inventory into a Google Sheets or Microsoft Excel file.
6. Climate Control
Unless you live in a temperate area where the weather rarely, if ever, gets cold and dry or hot and humid, it’s best to get a unit with climate control. Climate control keeps the temperature in units between about 55 and 85 degrees, not necessarily comfortable for people, but safe for belongings. It also keeps the humidity at safe levels, helping to prevent mold and mildew.
We hope your business continues to grow, and that self storage helps in your success.