How Do You Write A Self Storage Business Plan?
Firstly congratulations for wanting to make your mark in the self storage world. It’s not an easy move to be honest, the market is slowly filling up with people who have the same idea about joining the industry. I would say you need to have a plan to make yourself stand out from the other self storage companies and figure out how best to manage your units in a way that your customers would be happy with.
I think you need to figure out locations, number of storage units, prices and what your marketing plan is going to be. The self storage business might seem like an easy industry to go into, but there are a lot of them out there that are part of a conglomerate or franchise with a winning plan. To make it, you’ve got to be able to offer something different and your marketing plan should state that.
From the untrained eye, success in the self storage business seems to require an empty building and a basic security system. Your interest in a self storage business requires an effective plan that addresses advertising, employee wages and dozens of other factors for sustainability. You need to write a self storage business plan in order to land startup funding and provide guidance for your employees. Familiarize yourself with the self storage industry before you write a business plan. There are publications like Inside Self Storage Magazine that focus on trends in the industry and provide in depth analysis of successful self storage companies (see Resources below). Distinguish your self storage company from competitors when you write a business plan. In order to receive startup funds, your investors need to know that your approach to business is unique. Provide details of moving services, equipment rental and other ways in which your business can bring in more customers. List off all
