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If you are starting a self-storage company, it is likely that you will require investment at some point.The experts at Pro Business Plans have helped many self-storage companies to start and grow with a business plan.
This means being active on directories such as Google Places and Yelp! An increasingly large number of self-storage companies are also taking to social media in order to target prospective customers within the radius of their service area.
While the marketing section is not extremely important to all investors, it will be critical when implementing your business plan to acquire new customers quickly and efficiently.
Some have attempted to acquire positioning by offering additional services, whereas others recognize that it is largely a combination of price and location.
However, it also helps to be visible during the consumer search process for a self-storage company.
Overall, investors will want to understand how your company compares to alternative self-storage options in the area in terms of price, location, and services.
For instance, your self-storage business may offer free pickup and have additional security features in place in order to account for being in a less attractive location than competing locations.
The financial forecasting section of your business plan will likely be requested by investors if your company is seeking investment.
Most investors will request to see three to five-years of financial statements.
When you can't afford one, do the feasibility study yourself, beginning with assessing the market demands in several local market areas with high traffic where zoning regulations allow self-storage businesses.
Two critical questions you need to answer - and you can often get them chatting with an on-site employee - are: Armed with answers to these questions, you're prepared to look for affordable buildings to rent.