Renting storage units is more commonly associated with personal use when individuals need a temporary space to keep their belongings. But small businesses can also benefit from it. Especially in Nashville, the capital city of Tennessee.
As one of the most populated cities, it’s home to several homeowners and small and large businesses alike. Since the business world is rapidly evolving, newer companies constantly emerge to succeed. While large businesses are often well-established and innovative, smaller companies don’t have the luxury. If you’re running a small business, you must learn to become resourceful and remain competitive to avoid being driven out of business by larger enterprises. Embracing innovative strategies that can help sustain your business can help you stay on top of your game, lest you face any dire losses.
Although it may sound strange, renting storage space can grow your business in many ways. Whether you’re operating a small company from your home or are on the verge of launching a startup, finding plentiful storage space for your products can be challenging. However, it’s a problem you can quickly solve by renting a unit for yourself. There are many other ways your small business can benefit from it, and here are the top seven.
1. Allows for bulk purchasing
Since Nashville storage units come in all shapes and sizes, you can rent one that offers plenty of space to store your merchandise. Without worrying about a lack of space, your business can take advantage of bulk pricing and save costs. Stocking up and buying in bulk reduces the price of each unit product, which means you’re getting more for less money. This strategy saves your business significant money in the long run, which you can set aside for cushion room or emergencies. You can also use the saved cost to design better marketing campaigns that attract new customers and help increase your sales.
2. More cost-effective
It’s always an exciting time when a small business picks up and starts growing. However, a growing business comes with challenges, such as needing more space. For example, if you’re working from home and begin receiving many orders, you’ll soon find yourself running out of room to keep things. Large companies often rent warehouses to store their products, but they can end up costing you a lot of money for a small business like yours. For startups and other SMEs, renting storage units is more cost-effective. Since you usually only need a little extra space, you can rent a compartment of the appropriate size and pay accordingly.
Renting a storage unit is more economical than a large, expensive warehouse that you’ll unlikely use to its total capacity anyway.
3. Safe and secure
Many small businesses face a common hidden risk that often goes unnoticed until it rips through the company’s finances—employee theft. Items kept in inventory disappear, and no one’s able to take account for it. According to Statistic Brain, this crime has cost businesses more than $50 billion annually. Although all small and large companies are vulnerable to employee theft, the most brutal hits are small businesses because they’re often unaware of internal perpetrators. Fortunately, storage units can help avoid this problem.
Storage companies offer their employees units to keep their belongings in a safe and secure space. These units are usually under high-security systems with advanced technology to protect your things. Gated entry, surveillance cameras, coded locks, and round-the-clock guards ensure nothing gets out of place or falls into the wrong hands. Therefore, these security measures keep your products away from potential harm while being kept in a safe and secure environment.
4. Offers flexibility
Owning a small business requires you to be flexible to scale your operations up and down as per the current need. Storage units provide this flexibility across various aspects of size, shape, and even rent duration. According to the items you want to store, you can find units ranging from the size of a walk-in closet to one that’s about the length of a school bus. More importantly, since storage providers offer you more control to manage the space as you wish, you don’t have to worry about their employees handling your things. You can also rent a unit every month instead of committing to a long-term contract when you never know how things may change.
5. Declutters workspace
Regardless of whichever setting you work in, clutter is not ideal. If a client comes to visit your business in the current workspace, a cluttered and messy office may leave them with a negative impression. An untidy and chaotic area never appeals to a customer. Finding an excess of inventory products lying around on shelves might lead your customers to believe your retail items aren’t as great as you say they are.
Therefore, to avoid the mess and make your office space more appealing to customers, it helps immensely to declutter your workspace. Things that you’re not currently using or are kept aside for later plans can be stored in a storage unit until you need them. Removing extra stuff also clears up your environment and makes it easier to work in.
6. Helpful during business transitions
Like every area of life, change is inevitable, and business is no different. Circumstances change every day; some days, you make better sales, and sometimes you have to face losses. Depending on how well or poorly your business is doing, you may have to go through several transitions till you can settle entirely. Besides this, renovations, remodeling, or relocating jobs are always ongoing. In the interim, you’ll need someplace where you can store all your things securely. In such conditions, having a storage unit can be a lifesaver.
If your needs change over time and you suddenly need more space in your storage unit, you can easily upgrade to a larger compartment.
7. Year-round accessibility
Many storage providers offer year-round access to their clients. This ease of entry allows you to take inventory and brings things in and out whenever necessary. By having a unit close to where you live, you can make regular trips to get what you need.
By now, it must be pretty clear how beneficial it is for small businesses in Nashville to rent storage. You won’t have to worry about the safety of your products, and you can save money and attract more customers to your company. This strategy will help improve your business operations and allow your enterprise to grow swimmingly.