June 17 2021
Companies constantly seek ways to streamline operations and cut costs in today’s fast-paced business landscape. One increasingly popular method is downsizing, combined with practical storage solutions.
In this blog post, we will explore the power of storage in helping businesses downsize, saving them money while maintaining operational efficiency. Read on to find out how your business can thrive in the ever-changing business world by leveraging the benefits of storage solutions.
After the COVID-19 pandemic, many businesses were thrown into financial turmoil, leading to a surge in companies seeking to cut costs. According to a recent Bloomberg article, many companies want to shrink their office footprint to move to a more flexible working pattern.
In today’s fast-paced business world, companies often have to find ways to streamline their operations and cut costs to stay ahead. One solution that is gaining popularity is downsizing, paired with practical storage solutions. We will explore how storage can be a powerful tool for business downsizing, helping companies like yours save money without sacrificing efficiency.
The Downsizing Blueprint: How to Proceed?
Let’s start by addressing the main reasons behind this decision. Are high overhead costs eating into your profits? Are your suppliers or subcontractors charging high prices due to the current economic market? Is competition forcing you to lower your prices?
Once you have understood the underlying issues, it’s time to tackle your budget. Updating and revising your monthly and yearly financial plans can uncover areas where overhead costs exceed expectations. With this knowledge, you can strategically trim your way to savings through downsizing. Through this, you can take charge and streamline your operations for a leaner and more profitable future.
Strategic Steps for Successful Business Downsizing
- Create a solid plan: A clear roadmap ensures a smooth transition and minimises disruptions.
- Foster transparency and honesty: Openly communicate with your team about the reasons and outcomes of downsizing.
- Support your remaining staff: Reassurance keeps employees motivated and focused during changes.
- Define new roles and responsibilities: Clearly outline how your business will operate after downsizing, helping your team transition smoothly while staying on track with goals.
- Stay focused on what matters: Downsizing may be challenging, but acknowledging the obstacles and providing support can keep your team motivated and confident in the business’s future.
Storage Solutions: A Game-Changer for Business Downsizing
A true game changer in the process of business downsizing is to free space with cost-effective storage options. Here’s how storage solutions can make a difference:
Temporary Storage for Excess Inventory
When market conditions are challenging or new sales opportunities arise, storing excess inventory in a storage facility is smart. You can preserve your primary business location and create breathing room for success.
Storing Seasonal or Infrequently Used Equipment
Declutter your workspace, optimise your productivity, and save money on maintenance costs by storing seasonal equipment and machinery in storage units. Storage facilities like ours have various unit sizes that accommodate inventory according to your needs. Our size estimator can help you decide what size you would require.
Maximise Office Space by Storing Important Documents Offsite
Safely store essential documents offsite, freeing up valuable office space for more productive uses.
Store Excess Furniture and Office Supplies
Free up space and save money by storing excess furniture, office supplies, or equipment at a convenient storage facility located at an accessible location close to your office.
Peace of Mind for Your Precious Possessions
We are accredited with the Tick Box Scheme by Trading Standards in partnership with IPO and Self Storage Industry Association UK. This means that we stay committed to upholding the industry’s highest standards and best practices to keep your belongings safe and secure. Our stores have top-of-the-line security features for safeguarding your valuable equipment or inventory.
Cost-Efficient Business Continuity
You can protect your business from unexpected disruptions with a reliable storage solution. Be prepared for natural disasters or temporary closures and ensure business continuity.
By using Ready Steady Store as your offsite storage provider, your company can store any unused furniture or equipment along with files, documents and stock. This helps you to plan your space allocation by ensuring only the essential items for your production or service offerings remain at your premises.
- No long-term commitments: You can scale up or down depending on your needs, so you only pay for the space you need.
- Drive-up units: For the ultimate convenience, you can drive up and load or unload your items at a time that suits you.
- Secure and safe: All stores are monitored by 24-hour CCTV for peace of mind. Our stores are accessible through a contactless entry and exit via the Bear Box app. You do not need to enter your Pin code to get in and out of the facility. All you have to do is download the app from your app store and register your details on the app. You will then have complete access control to the facility at the touch of a button on your phone.
- Manage your units online: You can manage your contracts and payments online.
- Award-winning services: Ready Steady Store has won the Feefo Trusted Platinum Service Award 2023 for the third consecutive year, with a 4.9/5 Feefo rating from customers.
We make it easy for you to store with us and have a variety of units available to suit any sized business, no matter what you need storage for. Got a question about our business storage? Get in touch with our team today for a free quotation or find your local store to find out your self storage options.
Business downsizing is an intelligent strategy to revolutionise your company’s efficiency and slash costs. With storage facilities, you do not need to work in cramped spaces, incur excessive expenses, and operational hiccups. Consider exploring storage options that align with your specific downsizing needs to unlock cost-saving benefits and streamline your business operations.