We have been trying to come up with a great business idea for quite some time now, and we really wanted to do something that was going to be a bit more hands off but that would provide us with a steady stream of profits for an income. After a few false starts, we ended up landing on the idea of a self storage and unit rental place. It is going to work out perfectly for us, because we already own the perfect piece of land that we can build the business on. That means that our expenses for starting up the business are going to be somewhat low because we are going to be able to cut out the cost of buying land. Instead, we are just going to have the costs of building the storage units on the land, and that is about all. Because we are in a somewhat rural area, there are no other storage units that exist around us. There are some new housing developments that are being built and more that are in the planning stages. So we are figuring that if we get in now, we will be the only self service storage area around, and we will be able to get a good corner on the market before any others are put up in our region. It is a really great business model, because while you provide the land and the storage, you don’t really need to provide much else. There does not always have to be someone at the door or the desk, as people just come and go as they would need to.
That means that we are there during the business hours to help new clients and sign up new customers who are in the market for some self storage space, but otherwise we don’t have to be around and available all the time. This is really convenient for us, because we don’t want to start a business that we are committed to at all times. Instead, we are going to be there when we can be, and otherwise not be there when we are busy with other things in our lives. The buildings will need to be paid for over the long term, but otherwise there are not many overhead bills that will need to be paid. We will have a nice steady stream of income from the storage units that are rented, and that is exactly what we wanted to create a business for in the first place. Hopefully, as the area fills up with new people, we will remain the only self service storage unit operation around here, and so our customer base and our business will just continue to grow. We will build several more units that we think we will need. And we can always expand if we need to if the customer base gets to be bigger than what we have already planned for. But we have planned that expansion into our business model, so it will all be according to plan once it actually happens.