How to Run a Storage Business
To run a storage business you must be organized, energetic and friendly. Storage companies help people and businesses in need of extra space or in transition to new places. Running a storage business requires a lot of start-up money in the beginning, but overhead expenses are minimal once the equipment and storage areas have been purchased and company gets going. As in other businesses, a professionally and efficiently run front office will increase the probability of having a successful storage business.
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Instructions
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Keep your business permits and liability insurance up-to-date and easily accessible.
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Install a security system and provide adequate lighting at night to keep your storage units secure.
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Post signs advising customers of the days and times that the storage facility is open, the size of vehicles allowed in the storage facility, and items that are prohibited in the storage units. Give employees the training they need to handle questions regarding the storage units, explain storage rental contracts, rules and regulations.
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Market your storage business locally by advertising through print ads, on the Internet and through direct mail. A professional, efficient and helpful front office to assist both new and existing customers will boost the company's reputation.
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Offer packing and moving supplies, moving services or equipment rentals to complement the storage services and bring in more money.
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Maintain good records, such as contracts, insurance records, customer accounts, receipt of payments, overhead and payroll expenses. Invest in a quality accounting software program to accurately generate your customer invoices, track accounts receivables, accounts payable, overhead and payroll expenses.
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Enforce policies and penalties on late or non-payment of storage units. Promptly notify customers who are behind payments and remind them of the penalties. Strictly enforce government rules regarding items that are prohibited in storage units.
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