Running any business successfully takes a lot. You must follow core fundamentals, have systems in place that support your goals, and properly trained employees to execute your business plan. You must also plan on being cashflow negative for a while. 80% of new businesses fail in the first two years and half of what’s left fail in the next three, unless it’s a mini storage – or so goes the story.

Starting around 2014 became widely known as where the smart money was. The business thrives in good economies and bad. Stories became common of regular folks who put up their life savings ($150k) to get a loan and walked away with $3,000,000 cash in two years.

This led to a feeding frenzy where people who knew nothing about the storage business would plop a facility someplace and hand it over to a management company to startup. But they didn’t know the management companies’ dirty little secret—their business model only works under specific circumstances and does not allow for innovation. Consequently, bankruptcies were not uncommon which led to the SBA banning management companies.

If your storage facility is struggling, that means you violated a core principal—even though you followed industry-wide wisdom. A new owner lacks the experience to determine the violation and innovate a way to bend the facility into something principle-sound.

This is where I enter. Like others I have a lot of experience in this industry and have seen many different storage facilities. Unlike others, I have a gift for seeing the unseen and how it’s impacting your business. I have a knack for developing creative solutions to get results others deem impossible.

If a management company is running your business and you see it’s going the wrong direction or not growing fast enough, it never will under their management. Likewise, if you are managing your facility and what you’re doing isn’t working well enough, doing more of it probably won’t work but it will drain your account. Maybe you just want to make adjustments to maximize your net income and/or sales price. If this is you, the sooner you contact me, the better off you will be. I’ll right the ship and hand the wheel back to you.