• Wed. Apr 17th, 2024

Why Your Business Should Utilize A Self-Storage Unit

ByLucille

Apr 24, 2023

Why Your Business Should Utilize A Self-Storage Unit

Many businesses have found the benefits of using self-storage units for their storage needs. There are many uses that a self-storage unit can provide for the growing business especially when it comes to record-keeping and housing assets for future use. Most businesses know the value associated with space. In fact, the amount of space that is utilized to handle inventory is calculated into their overall profit margin. Storage units provide a different kind of value than inventory space because the space does not promote income so it is considered an overhead cost. This is why when a business looks at storage space they are looking for the most cost-effective means for storage.

How Self-Storage Units Can Be Cost-Effective

In most cases the cost of self-storage will be based on the size of the space that is rented and will be a monthly set fee. The business will calculate what the savings is in comparison to if a storage was not used. For example, in the past companies would house their retained records with document storage companies. This has lessened in recent years due to the cost associated with a company that handles all retained documents, especially in comparison to the cost of getting a storage unit that is managed by the department the documents came from. Another savings that has come about is the storage of assets such as furniture and fixtures.

The Flexibility And Control Over Stored Items

Another benefit to businesses having self-storage units is the convenience of having the stored items available when needed. As with any company, time is money. A lot of time can be spent waiting for a stored document with many systems. By having the convenience of a local storage unit there is no delay in getting what is needed at the time that it is needed. An example of this is if a company needs to add another office and the furniture needed for that office is in a local storage unit than the office can be set up and functional in a matter of hours instead of days. Instead of liquidating assets businesses are smart and investing in storing them for future use.

Be Sure To Set Up An Efficient Self-Storage Space

For a self-storage unit to be cost-effective, the business needs to organize the space in such a way that it is very efficient. This means that there needs to be an inventory of what is kept in the unit and where it can be found especially if it is a large space. If a company has several units that it uses and there is not a sufficient means of knowing where everything is, hours can be spent looking for the wanted item. This also goes for keeping records stored, which should have a filing system that can be readily understood. Most businesses will agree that the use of self-storage units was a smart maneuver for their business.

By Lucille