There is not a corner of the world that has not been affected in some way by the economic downturn of the last few years. Individuals have been hit hard with many losing their homes and forced to declare bankruptcy. The struggles of large businesses have been well-documented in the media as well. Perhaps the hardest hit has been the small business owner.
With jobs hard to come by, many have been forced into trying to go into business for themselves. If you are lucky enough to get a loan, something that is not guaranteed, you still have to find a way to stay in business long enough to start turning a profit.
Most governments are doing what they can to help encourage small businessmen to stick it out. In the UK, those with less than 10 employees have three years without domestic regulation and will have their taxes simplified, but that is often not enough.
One of the easiest ways to do so is to cut expenses, something that is not easy when you are trying to make sure you have the capability to do whatever your customers need in a timely fashion. Many of them are turning to an industry that is growing in many countries, the self storage industry.
“A lot of our customers recently have been small businesses who find self storage a very simple and effective solution following the recession. They use our excellent storage units for a variety of reasons and find that they gain peace of mind with our top quality and secure units with 24 hour customer service,” says Keith Grant, Director of Flexistore, a popular self storage company with facilities throughout the UK.
Small businesses have begun to use self storage for a number of different things. Many will rent a smaller office and keep the majority of their product in a self storage unit. Al Mitamura, a monogram shop owner in Hawaii, pays less than half for his store space now that he is utilizing a self storage unit at a local facility, Dillingham Blvd Self Storage.
“I was paying $1,900 a month for a space three buildings down and it was 1,150 square feet. Now it’s costing me $730,” Mitamura commented in Hawaii News Now.
It is often said that necessity is the mother of invention. Thanks to the threat or reality of recession (depending on the country), self storage has provided small businesses with a more economical business model that can be used long after economies around the world have recovered.
“Small Businesses Helped by Self Storage after the Budget Announcement.” PRFire; 25 May 2011.
“Small Businesses Making More Use of Self Storage.” Self Storage Industry News; 09 July 2010.