Financial Service for the Portable Storage Industy
Financing of containers in the Portable Self-Storage Industry or “Residential Storage Industry” is much more challenging than that of the traditional portable storage industry. The traditional portable storage container industry uses ISO containers, a standardized product that is part of a well-established second-hand market. The portable self-storage industry uses specialized…
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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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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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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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Most of us have been living with a thought that our retirement money (401K, SAR-SEP, etc) is better off being invested in something other than our own business. Therefore, we have no choice but leave the funds with a financial advisor or CPA because the rules for retirement funds are…
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The so called “credit crunch” is here, we hear about it, we read about it and we are affected by it. But, do you know what it means? Change in Terms, Conditions and Requirements A credit crunch (also known as a credit squeeze or credit crisis) is a rapid reduction…
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If you turn on the TV or pick up a newspaper, you can’t escape the news: the greenback has tanked. Faced with the strength of the Euro and the growing power of China, which is the leader of an up-and-coming group of populous countries that are becoming important world financial…
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We all want to make money fast, most often by doing more business; however it can also be done by moving money faster. Some recent changes in the US banking system have improved the speed with which cash moves around. In addition, the use of the internet makes it simpler…
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The portable storage industry is growing, the economy is strong, rental rates and equipment prices are on the raise. To be prepared for growth look into the possibility of obtaining capital from different sources; banks, leasing companies, State and Federal programs as well as investors and your own untapped assets….
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