Home >> Businesses >> Self Storage and Your Business
We've already discussed some of the various ways that self storage can save your business money and space
especially for small business owners. There are however some businesses that can obtain direct benefits
from having a mini storage unit that serves entirely as a location for archiving records. Each state has
specific regulations about record retention whether you're in the financial services business, you're a
medical professional, an architect or even an engineer. Unfortunately for many offices this excess space
often results in a plethora of filing cabinets, storage boxes and other storage containers placed in areas
that could easily be used for other aspects of your business.
Self Storage and Business Records
If you are active in one of the many regulated businesses that has a policy on records retention, self
storage might be just what you're looking for to store your archived records. For those in the mortgage
business, you may find that you're handling one hundred or more loan applications on a monthly basis,
many of which are never approved for funding, and yet the banking commission requires that those records
be retained for upwards of seven years for legal reasons. You typically do not need to access these records
unless the banking commission requires you to produce them for an audit, but you still cannot destroy them.
A typical mortgage application can be as many as one hundred pages of documentation including photographs,
sensitive personal information and legal information. Unfortunately, office space today is extremely expensive
and can often run upwards of $1500 per month. Your option of course would be a self storage facility with
specifically designed temperature controlled units to allow you to safely store documents and protect them
as well.
Other Business Benefits of Having a Self Storage Unit
Businesses that have heavy paper work requirements might not be the only business entities that can benefit
from self storage and mini storage facilities. Stop and consider small stores that may need to have a
location to store paper goods, dry goods and other information to help run their businesses. Sales companies
often have to deal with a cumbersome amount of sales material, samples and even additional equipment that
might not be used year round but need to be kept on hand for future use.
With high rental costs, electricity bills and heating bills growing more out of control every year, self
storage can help you maintain all of your additional business documentation, supplies and even equipment
in a protected, secure environment that can help you save money and still allow you regular access to your
items.
Save Your Business Money With Self Storage
If you're one of the thousands of business owners who are paying high rates for storage of records, archiving
of records, equipment storage and more, you may want to look into a self storage or a mini storage facility
to help meet your needs. While we all recognize the need to protect ourselves and our clients by maintaining
records, there is no need to pay ever increasing rental rates for office space when self storage or mini storage
facilities can help us easily meet our obligations and still save money. Businesses may save even more money by
going with an older self storage
facility.
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