You’re a driven entrepreneur. Your small business has a strong foundation, and you’re ready to expand the business. You’re gradually accumulating tools, gaining support, and setting goals for success.
Nevertheless, gaining additional revenue takes time. There are plenty of outside-of-the-box ways to expand your business from its current status, but how do you take this next step? Perhaps you need a professional space designated to your work. How about a garage?
The idea might seem unconventional, but it’s actually a very popular and promising business move that plenty of small business owners make.
Don’t tear down the idea before you give it a chance! Read about why garages are perfect for small businesses and why you should consider this investment.
Garages Are More Affordable Investments
The early stages of your small business are crucial. Now that you have a foundation and are aware the company can thrive, it’s time to grow your facility, too.
You’re likely to have little money available to buy or rent a huge space of your own. You’ve considered renting a storefront, office space, or storage unit to manage this growing business. Renting seems like the only reasonable option due to financial restrictions.
However, experts always recommend buying over renting because buying is a better long-term investment than renting. That said, as a new business owner, you’re likely to have few funds available for a luxurious space of your own.
There is a way around this predicament. You can purchase a garage to accommodate your small business.
Check out the prices to establish how much you’ll need for the investment. From there, you can seek financial assistance or cut back on expenses to save up for the garage.
Taking this big step for your business may seem intimidating at first. Nevertheless, this purchase will make a huge difference in the way your company functions.
Establish a Proper Work Environment
Beforehand, you likely worried about the branding logo, perfecting products, and finding ways to ship items to customers. Those days are long gone. You’re an experienced business owner now!
A garage is the perfect work environment for your small business to flourish. Many start-up companies stick to working from a bedroom or basement, but they struggle to make the limited space work. Your business requires a proper space to cultivate productivity and success. Buying a garage is just the start of progress.
The right work environment isn’t complete without customizing it to your business’s needs. Owning your own garage means that you have the power to customize it how you like. You get to decide the purpose of the space.
When renting, you must abide by the landlord’s guidelines. It can limit your freedom, creativity, and growth of the business.
Think about how you want the space you own to operate. Suddenly, the dark and empty garage will become the ideal resource for growing the small business.
The opportunities are endless! You know your business the best, so you know what will and won’t work. Read below to get the brainstorming process started!
Brainstorm What Your Small Business’s Garage Could Look Like
Are you an artist? If so, you need a studio with excellent lighting, a spacious area to paint or draw, and ample storage for all the supplies. Don’t forget about a shipping station that allows you to send your artwork and share it with the world.
Are you starting a studio photography business? Let the garage be your studio! Make space for backdrops, storage for camera gear, and a comfortable seating area for client consultations. Customers will visit your studio for gorgeous portraits.
Are you creating a cleaning service team? Utilize the garage to hold all cleaning equipment. Install a washer and dryer to cleanse towels and keep up with other messes. You might also like to add your own office with filing cabinets, a safe, and a comfortable desk and chair.
Prioritize Revenue During This Stage
You must spend money to make money. It might seem like an absurd idea, but it’s the way the business world works.
The trick is to decide what you want to spend your money on. Will you hire more employees or purchase more inventory in advance? Do you want to pay for a better website, or do you want a versatile workspace that will increase your sales?
You’ve proven that your business can succeed, and it’s time to take another step forward. Investing in a garage helps you focus on the work at hand and prioritize earning money during this time frame.
The new facility gives you more time to focus on growing the business and earning ample revenue. Pay attention to the numbers, create detailed records of all expenses and earnings, and view the information regularly to monitor the business’s financial status.
Create Room for Growth
A perk of choosing a garage for your small business is that it creates a solid foundation to grow. Each element you bring to the space serves an incredible purpose, whether it’s an office or storage space.
As you work to increase sales and boost your social media presence, you can consider where the company can improve. What features will you add next? Will you rent a storefront downtown for customers to shop at, or will you buy a second location to act as an office building?
The garage you buy will act as the foundational support you need to achieve your small business’s goals. However you decide to scale the business, the garage will remain a part of the company. You can customize the layout again and always rely on its presence.
Don’t Miss Out on This Incredible Investment!
Do you have a grasp on why garages are perfect for small businesses? There are no limitations to where this investment can take you. Growing a small business takes patience, but purchasing a garage is an excellent place to start.
The investment might seem silly at first. Nevertheless, it’s an action that can change the trajectory of your business for the better. You’ll never know the outcome if you never try.
Seek Assistance From The Door and Fence Store
When you find the dream garage for your business, it will need some sprucing up. One essential investment may be a brand-new, durable garage door.
The Door and Fence Store is here to help! You’ll find an easy roll-up door installation in Ames, IA, from our trustworthy team of professionals. The insulated tough steel will work tirelessly to protect your growing business from security and environmental threats.
Visit our website to learn about our roll-up metal doors, or call our store to speak with a representative. The Door and Fence Store cannot wait to help you embark on the journey of a lifetime!