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Five Ways Commercial Storage Could Help Your Business Reduce Expenditure

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Commercial storage may seem like an unnecessary expense; however, it could actually reduce your outgoings and become incredibly lucrative. The following five benefits will explain how and why self storage could lead to greater profits for your business. 

Saves Space in the Office

When you're renting business premises, having your own on-site storage facilities can be very costly. Self storage companies are generally cheaper, meaning you could reduce rental space and, therefore, cut down your rental fees. This is especially beneficial if you have slow-moving stock that you don't want to get rid of or infrequently use stored items for trade shows and one off events.

Will Provide Extra Security

Self storage companies can provide enhanced security that can't be matched. Along with perimeter fencing, on-site staff, CCTV and heavy duty (often fireproof) storage containers as standard, your goods will be protected from everything from theft and terrorism to natural disasters. While security may not be a major concern, you can never be too careful. All it takes is one serious problem and your entire operation could collapse – an ounce of prevention is worth a pound of cure.

Can Lower Insurance Premiums

If it's worth storing, it's worth insuring. When you have expensive business assets, making sure they are free from danger is paramount. The higher the risk, the higher your insurance premiums. If you can prove to your insurance provider that your goods are located in a safe and secure environment, you could make substantial savings.

Ideal for Shorter Rental Terms

Serviced and virtual offices allows businesses to shuffle their space requirements on a monthly (sometimes daily) basis. Many companies now use short-term lease agreements on business properties to test markets and business models with limited long-term risk. If you're seeking a short-term lease agreement for your business property, having a storage facility will save you a huge amount of time and energy as you get set up – this could reflect very positively on your finances.

Offers Greater Convenience

The more functional and streamlined your business, the more profitable it will be. When you have a third-party storage facility you won't need to worry about security, utilities, property taxes or managing specific storage requirements, such as climate controlled storage facilities – everything will be included in the cost. This extra time and money could be used to your benefit, allowing you to focus more on revenue-generating activities than worrying about your stock.