Category: Business

A First-Timer’s Guide to Renting a Storage Unit

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Finding the right information online about storage units can save you money and time. This guide goes straight to the point of offering you bits of valuable information regarding the process. The first thing would be to find the storage unit that would serve your purpose. In fact, this initial step usually intimidates people because of the critical nature of choice. You may end up regretting what you pick, and that is why it is crucial for you to start the process on the right footing. The storage you choose must bare a minimum of several qualities. The additional tips taken from a first-timer’s guide to renting a storage unit will help you as outlined below.

Check out Insurance Plans on the Storage

The insurance cover used for the unit and items stored in it will affect the cost of renting the space and the protection given to your belongings. You should avoid going to storage units without insurance unless you are willing to try out your coverage. Having the liability transferred to the service provider and eventually to the insurer is better since you will not be the one to make claims and follow-ups when there are accidents or other causes of damage.

Access Your Storage Inventory

According to experts , you should check your inventory and see what you have that will be going to the rented storage unit. The list should capture details such as the weight, the height, the materials, the storage preferences, and the design of the item. The details can be accurate or estimates. You may not have the labor required to weigh everything. Estimates should help you enter the storage market confidently knowing what you want. Consider comparisons to ordinary spaces such as closets, garage, and kitchen to give you an impression of what you need.

warehouse unit

Pick the Lock After You Know the Chosen Unit

The storage facility will require you to choose a lock in addition to a primary latch in your doorway. You need to check the lock area to see the lock0type before making a selection. The standard combination padlocks are not good because people can break them easily. Find a sturdy lock that may require a lot of tempering and skill to break. Locks help you to buy time before someone intervenes when there is a break-in.

Confirm the Terms and Conditions Before Taking the Unit

Always check with the supplier before moving your belongings to the unit. The vendor of the space will offer you the terms and conditions of your engagement and the type of belongings that you can put in the group. The initial interview with the service provider, in this case, would be an excellent opportunity to confirm details about insurance, size of storage available, and the types of locks used.

Consider a Secure and Safe Location

You should consider paying for storage units that are in a secure place where your things will be safe. Try to visit the storage facility early and do a survey of the area. See the security features installed and the ease of getting in without identification. The information you get from the review will help you decide whether the storage unit is the right one for you.…

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Ways to Raise Capital for Startups

money for startups

After developing a business idea, the next biggest concern is how to secure funding for your startup enterprise. It is common knowledge that every start-up usually requires one to invest a considerable amount of capital before the business starts to deliver profits which you will in turn plough back so that you use it in growing your business. Since you require to have funds at every step of your business the real challenge lies in raising those funds. In this article, we are going to take a detailed look at some of the most common and effective ways to raise capital for a startup.

Crowdfunding

contribution from friendsEven though this method of fundraising is in its infancy, it is quickly gaining popularity as one of the most reliable and effective ways that one can use in raising money to finance a starting enterprise. As the name already shows, this is a process where you fund a project by the use of the funds that are contributed by the people that are involved. The entire process begins by one coming up or drawing a business proposal. Then you would be required to propose your idea to those individuals that you think will have an interest in it and will be willing to finance you.

The interested parties will have the freedom then to contribute a percentage of money that they feel they can afford. In return, they will get some equity in lieu of the amount of money that they have contributed. Some of the best websites that you can do your crowdfunding include Indiegogo, fundable and even Kickstarter.

Angel investing

This is another process through which you can get funding for your startup. Here you will get your startup funds from angel investors who are those affluent individuals who are usually eager to invest in starting businesses. The investment is in the form of equity ownership or the form of convertible debt. It is known as a convertible debt as a bond that matures after ten years. Some of the most famous companies that raised their start-up capital in this way include facebook, google, twitter and even Skype. Besides the business funds that one receives, one is likely to highly benefit from the advise, connection and mentorship that the angel investor will offer.

Friends and family

Another way that one can raise funds to finance their business startup is by getting the capital from friends and family. Since these are the people who are closest to you and they know you better, it is advisable that you turn to them for financial support, as they will be enthusiastic about the idea as opposed to when you are seeking the financing from a total stranger.business capital

Business partner

You may not be having the money but you have a good business idea. In an instance like this, you may need to find a business partner. You will get an individual who is interested in it you pool your resources together as this will solve all your money problems. But while at it-selecting a partner ensures that you settle on an individual who you can have a good working relationship with and one that you share the same goals and vision.…

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