Financial Service for the Portable Storage Industy
Do your employees know where you want to take the company and are they all going in that direction? Many companies in the portable storage industry are family-owned and operated. The benefit of that is the family members know each other and understand how each individual thinks and behaves. This…
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We all spend money on marketing one way or the other. There are a number of ways to measure the results and a number of measurements to pay attention to. Needless to say, the effects of marketing are difficult to measure with accuracy. The first challenge is that only some…
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Our world is becoming more and more mobile with electronic transactions taking place at all levels of the business chain. Being able to collect the payment at the “point of sale” used to be possible by retail outlets only. Today, with new mobile payment options, a payment at the “point of sale”…
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What can you learn from other NPSA members? There’s a magical time during any NPSA roundtable discussion. “They ask, ‘How did y’all handle this situation?’ That’s when you’ve got everybody’s attention,” says David Langford of Express Storage Container Rental & Sales Co. “Everybody’s frowning because they’re listening hard.” It pays…
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Pros and Cons or mostly Cons In many states a portable storage operator can select to pay sales or use tax at the time he enters a container into his rental fleet and avoid the obligation of charging sales tax to his rental customer. The benefit of making this selection…
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When your most valuable assets, your employees, steal from you! In my work I have the opportunity to visit a large number of companies in the portable storage industry as well as companies in peripheral industries and I often hear stories of fraud, embezzlement and theft by employees. I also…
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A number of articles have been written with regards to the preparation, evaluation and process of selling a portable storage company. In this article I am going to address the process of buying or selling a smaller standalone rental fleet. I often get questions from our readers about how to…
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When you are asked the question, “how is your company doing?” it is a very different question from “how is business?” The answer to the latter is more of a subjective assessment from you as the business owner. You weigh in your expectations and perceptions of the market, the industry…
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The shipping container industry saw a collective slump of 10% in 2009, the worst in the industry’s 54-year history. In the depths of 2009′s downturn, one wondered how the companies would recoup their losses even in five years. Fortunately, that gloomy outlook has dissipated and the container shipping industry is…
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In the portable storage business we talk about “renting” and “leasing” containers without really paying attention to the meaning. With renting we most often mean giving letting a customer use the container and pay a fee, each month or 28 days, until it is returned. What is meant by leasing…
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