How a Storage Unit Could Help Your Small Business

Finding the right space to run your small business can be quite a conundrum. You’ve probably already discovered the problems in running everything from home, and assumed renting other space to be prohibitively expensive.

A self storage unit may be exactly the answer you’re looking for, but have never so far considered. These are some of the reasons why:

Wise Use of Time

You don’t have to do official time and motion studies to realise that effective use of time is a big part of success in business. If you’re forever searching for lost stock items, hunting through reams of paper for necessary documents, or repeating operations, the business isn’t running as efficiently as it should.

A storage unit can help with time efficiency, especially for online retailers who divide their time between computer work and physical stock handling. By renting a storage unit slightly larger than you need for stock, you have space for a desk, and room to check orders, do packing, and prepare stock for dispatch. It saves time running between office and storage, and as most storage companies are situated along main roads, you minimise travel time.

Enhanced Security

When you’re just starting out, home storage often seems like the most sensible and obvious solution. On further investigation, however, the disadvantages can soon outweigh the initial attractions. Things to consider that are not immediately obvious include:

  • Large delivery vehicles having restricted access.
  • Kerbs, driveways, and gates impeding safe delivery.
  • Stacked boxes presenting trip or tumble hazards to younger family members.
  • Potential for family members to help themselves to stock items, or confuse inventory numbers by moving stock around.
  • Disruption to work/life balance because you’re always living amongst your work.

A storage unit solves all these potential problems, as well as offering enhanced security (which may lower insurance premiums although you should check that with your insurer) when compared to keeping stock in your garage, shed or loft.

A Flexible Solution

Self storage allows you to rent exactly the space you need when you need it.

This is especially helpful to businesses that deal in physical stock. In the early days, it’s hard to gauge exactly how much space you’ll need or how fast stock will sell. Having the ability to quickly add a little extra space if it’s needed can mean the difference between maximising or losing an opportunity.

Renting a storage unit also provides you with more financial control as you’re not locked into long term contracts. If your forecasts predict an upcoming income slump, you can quickly avert potential disaster by changing your storage space arrangements and cutting costs.

Cost Effective

Storage units offer an affordable solution to businesses that either don’t need or want extensive storage such as warehousing. Storage companies welcome business owners looking for stock storage and will often go the extra mile to help. Some, for instance, will accept deliveries on your behalf if you can’t be there when it arrives.

Other financial advantages over warehousing include not having to pay business rates, and no additional costs for utilities or services.

If you’re struggling to manage stock and maintain an accurate inventory, self storage units are worth investigating. With competitive prices and flexible terms, many business owners find they open doors to expansion that wouldn’t otherwise be possible.

Image: Palo Cech

Top Tips for Business Women

Businesses are on a rise, especially those that are entirely owned by women. The era of men entrepreneurs is changing with a rise in female business owners. According to the statistics of State of Women, four out of ten business in the united states is owned by women and operated entirely by them as well. That is around fifty-eight percent of the companies, which is increasing to rise when it comes to their growth, having majority male or a shared ownership. Moreover, considering last year alone, over a thousand business were started by women in the United States marking a major increase in women entrepreneurs around the country.

However, it still requires some progress, because women lag in certain aspects such as the metrics and employee hiring process. It means that the owners are the sole employees, which disables them to make any profits and eventually leading to several struggles. In order to avoid these problems, women need to break through some of the boundaries and take those extra miles.

Identify Yourself

 The biggest and most important advice that women business owners should follow is that they shouldn’t think of themselves as just women. They are way more than that, they are the initiators of a business.

Women should let go of any other identity, whether they are the owners, the workers, those who handle the payrolls, or just the security official of the company. Overlook being just a woman, because the moment you will do that, and consider yourself as an entrepreneur first, you will eventually take the first step towards rising. Your mindset, your perception and your ability to do things will change. You gender, and your nationality do not matter at all. Be brave and get out of the box. Interact with as many people as you can. Make good and presentable profiles and find mentors for yourself so you can improve with every step that comes towards you.

The other thing that you should put aside is your stubbornness and your shyness. Don’t be shy to step forward and make that difference.

The co-founder of fitness studios Shred415, Bonnie Micheli says,

“It’s easy to become eager when working to accomplish or complete a goal. Entrepreneurs everywhere need to remember that opening a successful, small-business involves patience, time and requires you to step back to remember that you must tackle a piece of the goal one day at a time.”

Outsource and Hire Employees

Most of the women who own a business try to do all the work by themselves, which is definitely not the right way to do things. Your business will never scale with such an attitude. The only way to make your business rise is by hiring experts in every field, who will help you run your business. For instance, using a company like Moorepay to outsource your payroll is a great way to focus on other aspects of the business. Of course, make sure they are reliable to work with. You don’t want to face any losses right at the start of your business. You can also hire freelancers, which enables you to greet people at an affordable rate, compared to hiring a full-time employee. Moreover, for office-based employees, you will have to get a proper work space and take care of the legal documentations, such as visas. Hence outsourcing to home-based freelancers is always a better choice.

Perseverance is the Key

Owning a business of your own is all about the patience and struggle. If you every ask someone for their help and they refuse, do not just stop there, move on and trust your intuition. Anyone who has done their homework will eventually find a way out.

Image: Free photos

Owning a B&B- Business Ideas for Mothers

It is notoriously difficult for women to juggle a career and having a baby. Many feel too torn and make the decision to put their career on hold while they stay home to look after their child, while others make the brave decision to leave their children in the hands of nursery nurses and return to work.

However, there could be a way to be financially independent without having to let go of your child. Have you ever considered starting up a Bed and Breakfast? They can be very lucrative businesses and being your own boss means you get to decide whether or not your child stays with you. The added benefit of your business being a B&B is that your child will be in a homely environment instead of an office.

Here, we run through some pieces of advice if you do decide that this could be a great path for you.

Create great accommodation

First and foremost, if you want your B&B to do well it must be somewhere that people actually want to go to. Invest in creating beautiful bedrooms and communal areas such as dining rooms and sitting rooms that will give people a little slice of luxury. It is notoriously difficult to find attractive accommodation so this can really help you to stand out from the crowd. And don’t forget to look after your outside spaces such as lawns and plants, why not check out a website like Lawncare.net to give you a better idea of how you can look after your lawns and plants.

Target Market

Early on you need to decide on your target market so that you can tailor every decision towards them. From decorations to the cosmetics you supply and the kinds of beds you’ll need. You might aim towards a more elderly generation, young couples, or families with children. Or maybe even all three.

Standing Out

With any business you need to find a way to stand out from the crowd. Think of little things you could do to make your guests remember your B&B over the others. This could be anything from little greeting gifts to making special arrangements to accommodate pets.

Feedback

Guest feedback can be a brilliant way to make improvements to your B&B and the service that you and your staff provide. Third party companies like TripAdvisor can be your best friend when it comes to building a great reputation but be careful as they are also a platform for people to voice their complaints. If you do receive a complaint, make every effort to rectify the situation publicly and change their minds.

Accounting & Admin

Running a B&B can be fun; getting to know the guests and looking after them. But don’t forget the more mundane everyday tasks like accounting and admin. If you let these slide you could see everything fall apart.

Marketing

As with any business, you have to get yourself out there with innovative marketing. Make sure you build an online presence as this is where most people look nowadays. Have a great website that shines your B&B in its best light. But don’t forget the old school ways of attracting guests too such as having a roadside board; there are still people who drive up and down looking for places to stay and your board needs to catch their attention.

Starting a B&B can be a great way to combine being a businesswoman and being a mother, and by following this advice you could see yourself making a great profit too. For more great tips on running a business when you have children, visit businessplusbaby.com .

Find What’s Not Working In Your Business And Then Fix It

As soon as you notice that something is going wrong in your business, you should be on a quest to find out exactly what it is. Once you have found it, you need to begin working on how you can fix it so that it is working effectively again. Finding the issue can often be one of the biggest challenges, but that is why we have written this article. We are going to be talkingabout some of the common issues in business that you can start with when you are trying to find why your business is not performing as well as it could be. Let’s take a look at what they are.

Finance Management

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The first thing that we are going to talk about is finance management. The issue that most people face here is that they attempt to do this on their own instead of hiring a professional accountant to complete the task for them. When you do this, you run the risk of getting the numbers wrong and allocating an incorrect amount of money to various parts of your business. When this happens, some areas become underfunded and cannot work at the most efficient level.

Hiring an accountant is the way to fix this. It might cost your business a little more money in the short term, but it will save you a lot of headaches in the future. Having a professional overseeing all your money is the best way to ensure that it is going to all the right places. You can get back to doing your management job, and trust that your money is being handled in the best possible way.

Marketing Tactics

The next thing that we are going to discuss is marketing. If your marketing is not working, then you need to do something else. It can be difficult to identify marketing as the source of your issues because it is the last place you think to look when in reality it should be the first. Many companies have issues with marketing because they do not know how to do this effectively. You need to be using a mixture of online and offline tactics here. For example, do you know that you should hire an exhibition stand for your next event? Most business owners wouldn’t know they even needed an exhibit! Or, do you have social media profiles set up on all the main platforms? If the answer is no, then you need to move on this as soon as possible.

Changing up your marketing is the way to fix this. You can either take a course on how to do it more effectively, or you can hire someone with a degree and experience who knows how to salvage what is left of your marketing efforts.

Your Employees

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Finally, you should be looking at your employees. Is everyone working at the rate they should be? It’s not nice to think that your employees are letting you down, but it is something that you need to consider. Conducting performance reviews is the best way to figure out who is pulling their weight and who is sinking the entire ship. You might find that conducting these reviews is enough to drive efficiency up.

We hope that you have found this article helpful and will use our suggestions to find the area of your business that isn’t working and fix it.

 

How to Make Money From Your Land

Land is always a good investment. While the prices can fluctuate, it’s rarely a bad idea to have a lot of land in your portfolio. Not only is land a sound long-term place to invest your money, but they can also help bring in a pretty sizeable side-income, if you’re willing to put the land to use and start generating money. But what are the best ways to put your land to use? While it’ll depend on how much you have and where it’s located, there are some tried and tested ways, as we’ll see below.

Image: Pexels

Growing Vegetables

There’s been a big shift in recent years when it comes to our food, and, more specifically, where it comes from. People are beginning to realise that the stuff they buy in the big supermarkets isn’t necessarily the best — or the cheapest — option out there. If you’ve got land and are willing to put some time into learning how to grow delicious vegetables and fruits, then you’ll find that there’s plenty of opportunities to bring in the cash. Along with selling your food directly to the public at markets and the like, you’ll also want to look at selling directly to cafes and restaurants — they know that fresher ingredients make a big difference to the overall quality of their meals.

Community Gardens

If you’re not willing to dedicate too much of your time to growing vegetables — and it does take time if you want to grow enough to build a reliable income stream — then why not look at opening your space up to the public? There’s something of a shortage when it comes to public allotments. People want a space to grow their own vegetables, but there’s nowhere for them to do it. If you have more than enough land, look at subdividing it into plots and renting them out to people. You won’t make a tonne of money, but you will be providing something of a public service to people who want it.

Firewood

The above suggestions will work if you’ve got a lot of clear land, but what if your land isn’t clear, and, instead, you have trees? If this is the case, then timber harvesting may be the right way to go. You’ll be able to sell the wood from your trees to private individuals and industries, from which you can bring in a considerable income. You’ll want to carefully manage your forest, however, to ensure that you’re able to build a long-term business. It can be sustainable if you approach it with thought and care.

Overnight Stays

Want to make the most of your land, bring in money, and meet new people all the time? Then look at setting up a campsite. It’s a wonderfully simple thing to do — just divide up your land into tent pitching sites, set your rate, and wait. Of course, that’s the rustic approach to camping. If you want to make it slightly more luxurious, then you can add showers and other conveniences. As an alternative to camping, you can also think about setting up a bed and breakfast. People love getting out of the cities and into nature! This does require more effort, however — but will be deemed as a more agreeable way to make an income to some people.

Hosting Events

As well as spending a night out of the city, people love to host events out of the city, too. For starters, prices are generally cheaper, and the whole ambiance is generally improved. When you’re in nature, you can make as much noise as you want, it’s just you and your guests, it’s more magical, and so on. If you’ve got land, then look at opening it up for hosting events such as weddings, parties, music shows, and the like. You’ll get much satisfaction from being part of something awesome! For this, you’ll want to work with experts so that you can design a romantic, inspiring space.

Looking After Pets

Animal lover? Then take that love and start a business that helps people out and ensures you’re always surrounded by fuzzy creatures. A large lot of land is an ideal space for letting dogs run through, or for housing cats, or, if you have experience, even setting up horse stables. You’ll want to start small since it can be a lot of hard work, but once you get the hang of it, you’ll find that you can earn a decent amount of money — people need quality pet sitters more than you’d think, and are happy to pay for it.