Store as much as you like for as long as you like
Store as much as you like for as long as you like
To set up a new business is an exciting venture, full of potential and promise. However, one often overlooked aspect is the critical role that physical space plays in the early stages of a business. For small business owners, start-ups, and entrepreneurs, understanding just how much space is needed can make the difference between smooth operations or cluttered chaos. As storage experts, at Blue box we’re clued up about how to use business storage. Here we’ll look at what new businesses really need in terms of space. You may be surprised at how much space your new venture might require!
The reasons for starting a business are varied and unique to each person. When you start your own enterprise, you’re not just working towards financial gain, you’re building something of your own. The autonomy to make decisions and the flexibility to set your own schedule are incredibly rewarding. Furthermore, the sense of accomplishment that stems from watching your business grow and thrive is unparalleled. You’re investing in a legacy, a future that reflects your passions and aspirations.
Having your own business also allows for creative freedom. You’re at the helm, steering the ship in the direction you choose. Whether it’s innovating a product, offering a unique service, or developing a new marketing strategy, the creative control offers real fulfilment. This creative liberty is often what drives many entrepreneurs towards success, as they can pivot and adapt quickly to market changes.
Finally, the potential for financial gain is not to be underestimated. While starting a business comes with risks, it also offers the potential for financial rewards that are directly tied to your efforts and success. You have the opportunity to build wealth and achieve financial independence, which no one will deny is attractive.
While some people set up a new business based on a moment of inspiration or clarity, for others it’s the business process itself which is the driver. When you choose a business to start, it’s essential to understand the different models available. Each comes with its own set of requirements, including space considerations.
Sales businesses: These involve selling products directly to consumers. Whether it’s online retail or a physical storefront, sales businesses often require significant storage space for inventory. Proper organisation is key to managing stock levels and ensuring products are readily available for shipping or sale.
Service businesses: Service-oriented businesses provide intangible products, such as consulting, cleaning, or personal training. These companies often require less physical space for inventory but might need office space for client interactions and administrative tasks. The flexibility of service businesses allows them to operate from home or a small office, depending on the services offered.
Consulting businesses: Consulting involves offering expert advice in various fields such as finance, marketing, or human resources. These businesses typically require minimal physical space, as much of the work can be done virtually. However, consultants may still need a professional workspace for client meetings or presentations. Also, consider where you may store learning or reference resources.
While starting a business is exciting, several challenges can arise, especially concerning space management. Being aware of these pitfalls can help you avoid costly mistakes. The sooner you predict issues, the better prepared you can be from the outset.
Stock overspill: For businesses selling products, managing inventory is crucial. Without adequate storage solutions, stock can quickly spill into living spaces, creating clutter and disorganisation. This not only affects personal living conditions but can also result in misplaced or damaged goods. If you sell seasonal items, there’s also a certain amount of rotation that needs to happen. Bad storage here may mean that sales opportunities are missed.
Lack of work/life separation: Especially for home based businesses, distinguishing between living and working spaces can be difficult. Blurred boundaries lead to distractions and decreased productivity. Having a dedicated workspace, separate from your living area, helps maintain focus and professionalism. For family homes especially, it’s crucial to draw these lines for everyone’s wellbeing.
Misplaced equipment or documents: Important business equipment or documents can easily get lost or damaged in a cluttered environment. This can lead to operational setbacks and financial losses. Implementing an organised storage system ensures that essential items are easily accessible and protected.
One accessible solution to these space challenges is utilising a self storage facility. Like our locations at Blue box storage, we offer several benefits to new business owners, providing the extra space needed without the cost of a larger office or warehouse.
Flexible options: Self storage units come in various sizes, allowing you to choose a unit that fits your business needs. And with a rolling contract, you can size up and down as you require. This flexibility is particularly advantageous for startups that might experience fluctuating inventory levels or seasonal demands.
Secure and organised: Storage facilities offer secure storage with surveillance and access controls, ensuring that your inventory, equipment, and documents are safe. With the right organisational systems, you can keep track of everything efficiently and access it whenever needed. You can also be sure not to lose any stock or records to damp or other environmental damage, with units which are temperature controlled and ambient.
Cost-effective: Renting a storage unit is often more affordable than leasing additional office or warehouse space. This cost-effective solution provides the space needed for operations without a significant financial investment, freeing up capital for other business needs. You’ll be amazed at the innovative different ways in which you can use a storage unit for your business.
Starting a new business is an enticing life path, full of opportunities and challenges. Understanding and managing your spatial needs is essential for smooth operations and growth. By leveraging self storage solutions, entrepreneurs can overcome common pitfalls, maintain organisation, and focus on building a successful business. If you’re ready to explore how storage solutions can help you set up a new business, contact us for a quote.