If you are a business owner and own or rent your premises, you will understand how difficult these unprecedented times are at the moment with the current COVID-19 pandemic. Office space can be costly, and perhaps you have reached a point that downsizing your business seems like the only realistic option. It is not an easy decision to make! The reality is, to keep your business running and stay competitive, downsizing your office or storage space will reduce costs in the long run.
Benefits of downsizing
Running a successful business is stressful at the best of times. From worrying about cash-flow, keeping you and your employees safe and in some cases, being unable to borrow as and when needed. Most businesses will agree that if they find themselves in financial difficulty, by reducing upfront costs is key.
Although downsizing isn’t always a choice, there are several benefits to gain. Not only are you freeing up your financial resources, but you will also be allowing greater flexibility by generating an additional income.
Another benefit is being able to relocate. Due to lowering your costs, you are more likely to improve your operations and allow new customers to find you.
When is it time to downsize your business?
It is unlikely you will wake up one morning and decide now is the time to downsize. Chances are you have probably noticed a change in your finances over time, and will need a plan of action. Ask yourself the following questions!
- Have you noticed an increase in your overheads?
- Are you paying suppliers more money due to recession?
- Have you noticed your sales have decreased dramatically and you are struggling to restock?
- Is it impossible to undercut your competitors?
If you answer yes to any or all of these questions, the best option is to reassess your finances. Once you have made that decision, put together a plan and be proactive.
How can self-storage help your business?
Every business will benefit from taking stock of what they need and anything that is simply collecting dust. When choosing self-storage for your business, this will be the perfect opportunity to have a clear out, making more room to expand.
With that said, all businesses will have a collection of paperwork they have stored over the years. Some may include confidential information such as invoices and private records for your employees.
Flexible Storage Solutions covers Central London and the home counties, offering a self-storage service that will take care of your requirements. Not only will we keep your furniture and equipment safe, but we also have a confidential waste disposal service, destroying any data you no longer need to keep.
We offer a bespoke archive storage solution and can give you a price based on your individual needs.
You can rest assured that whilst you are concentrating on keeping your business thriving, your belongings will be in safe hands. We have various size units available and allow easy access as and when needed. For more information on how we can help with your self-storage needs, please don’t hesitate to contact us, and we will be happy to answer any questions you may have.