Starting a Self Storage Business
Self Storage is the term applied to facilities that offer do-it-yourself, month-to-month storage space rental. They are also sometimes referred to as "Mini Storage," or, incorrectly as "Mini Warehouses".
The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.
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Opening a Self Storage Business
The following elements should be a part of your plan, depending upon your objective, like Summary (strategy overview, strategy logic and stage of business development), Concept (product description and impact factors).
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It cannot be stressed too strongly that a good Self Storage business plan is the cornerstone of successful financing. If you want investors' money, you've got to give them good reasons to buy in. The business plan is where you lay out the reasons.