Tips for Shoestring Start-Ups

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Tips for Shoestring Start-ups

Starting a business is one of the most rewarding paths to financial independence. Being your own boss provides you with unparalleled freedom to pursue your passions and make your own way in the world. Sadly, many people never take the leap because they have convinced themselves that launching a business is prohibitively expensive. While we would never say that entrepreneurship is easy or cheap, it can be done on a shoestring budget! The tips and tricks that we provide on this site will prepare you to embark on your entrepreneurial journey no matter how large (or small) your budget. Keep reading to discover the knowledge you need to enter this exciting new world.


How To Make A Self-Storage Unit Useful For Your Business

If you are starting to find that you are running out of room for all of your supplies and stock, you will need to come up with another place to start storing things. One good place would be that of a self-storage unit. Remember, these units are not just for people who are in the midst of relocating or that have too many things for their small house. They are excellent for business owners too. Of course, you will have to make sure that you are using it in the most efficient manner. Here are a few tips to help you with that:

Keep Things Together According To Their Use

Even if you are not sure when you might need to retrieve any of the stuff, you want to make sure that it is always easily accessible. You will want to store things according to their use. So for example, you will want to keep all extra shelving stored together. Keep all of the extra inventory together according to their categories. This will make it much easier to find things as they are needed, whether it is you going to the unit or one of your employees. Everything in boxes should be properly labeled. This way, even an employee who has never been in that unit before would be able to find everything on the list that you give to them. 

Stick With A Local Unit

Sure, you will want to check around to get a good deal, but you do not want to rent a storage unit that is far from your business because of a cheaper rental price. After all, you will have to drive further and spend more money on gasoline in order to get to the unit that is far away. That will probably not make it the cheaper option anymore. Therefore, you will want to stick with a local storage unit facility.

Remember To Keep Your Payment Receipts

One of the nice things about this extra storage space is that you can use it as an expense to be written off when it comes time to file the income taxes for your business. It will be a lot easier for you to do this if you are keeping a record of all of your storage unit rental payments. If you happen to misplace the receipts, you may be able to ask the facility owner or management team for a printout of your payment records.

Start your search for the ideal self-storage unit right away, and you can start making room in your commercial property.