Financial Service for the Portable Storage Industy
Ratings of NPSA Members makes for better transactions Wouldn’t it be great if we could rate container vendors and container buyers? If you could buy from a container vendor or sell to a portable storage company knowing what other people’s experience dealing with this company is? Other than the comfort…
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Why you should join NPSA despite your hectic schedule? A membership in NPSA offers numerous benefits and will keep you on top of important ever-changing issues, trends and legislation within the portable storage industry. There are many benefits being a member of an industry organization. They include; Networking In the…
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Large corporations can spend enormous amounts on education and employee training programs. Typically, the family owned portable storage company normally doesn’t do that despite the importance of its employee’s ongoing training and development. It’s vital that employees continue to learn and providing education is another way to retain talented employees….
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Use different depreciation methods to present your best balance sheet I visit lots of members of the NPSA and since our business is finance I have the opportunity to compare how different companies use different accounting methods. Since most companies are privately held, the accounting is for the owners to…
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In today’s world, technology is a big part of all businesses, but in the portable storage container business inventory control still can be looking out into the container yard and a high stack of containers means that business is not good and a low stack of containers means that business…
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We have heard it for some time now. The economy is getting stronger and the interest rates should rise. What this means is more expensive loans, less investments and slower growth. Depending on where you live in the country you have more or less benefit from the projected outcome. In…
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Broadband, Internet, Email, Text and other information technology are powerful factors in small businesses reaching new markets and increasing productivity and efficiency. However, companies should have a cyber security strategy to protect their own business, their customers, and their data from growing cyber security threats. The Cyber Crooks are out…
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The U.S. economy has been growing steadily for the last few years. Most portable storage companies have seen their fleet and profitability grow at a healthy rate. While the economy appears to continue to be strong, it is likely that the growth rate will decline a bit. Fine-tuning your ancillary…
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As a member of NPSA, you have most likely gone to one or more of the organization’s events. These events take place in various cities around the country and each place has something unique to offer. It is natural to want to go to places of interest but when you…
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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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