There’s no doubt about it, renting premises from which to run your business is expensive – especially if your business model was originally created while you were running things from your spare room, garage, or maybe an office in the garden.
However, with further success, you might find that moving again could well be a step too far, so instead, you might want to look at ways in which you can make the most of the space you already have and allow your business to get bigger without moving premises.
Table of Contents
#1 ‘Just in time’ ordering
It’s always good to have plenty of stock on hand, to allow for any sudden increases in business. In addition to this, stock levels could be high because you are buying in bulk and the financial benefits this entails by having a lower cost per item.
When you wish to save space, though, you can instead adopt a just-in-time policy where you only order what you have sold. Alternatively, you could work from a much lower stock level by knowing your sales by examining data. If you run a retail business, you could even work purely on having all of your stock on the shelves, bar a few items. This would involve laying your store out so that the faster-moving items have a greater amount of shelf space, and any delivery that comes in simply rolls off the back of the lorry onto the shop floor – and is used immediately to replenish your shelves.
#2 Treat waste efficiently
Even with ‘just in time’ ordering, you are still going to create a huge amount of waste products, some of which you will have no choice but to dispose of in a landfill. However, there is still plenty of other items that you can recycle.
By sourcing a baling machine as well as the best Baling Wire Direct from a reputable supplier, it gives you the ability to pack your waste tightly into bales. You can massively decrease the amount of waste space that waste takes up because carefully bailed waste can be stacked and kept to be collected by a professional company, some of whom will pay you for the privilege.
#3 Increased carrier collections
Many manufacturing companies only have one carrier collection time a day, normally between 4:00 and 6:00 PM, which means that all the packages ready to go out could have been sitting there, getting in the way for up to 24 hours.
Instead, by arranging staggered courier pickups during the course of the day, say at 10:00 AM lunchtime, and only having one collection between 4:00 and 6:00 PM, you are using less space storing your items waiting for collection. In addition to this, by managing your workload correctly, you can ensure the orders they have to be packed up in time for 10:00 AM are targeted first, followed by those at lunchtime, and finally, working on those that need to be finished by 6:00 PM.
To sum everything up
One of the few drawbacks of success is that many of the profits generated sometimes have to pay for expanding your business further. It’s a nice problem to have, and you could even find the situation could be improved further if you could enjoy those greater profits by not having to pay out for large premises. This could be done by controlling the amount of stock you have coming into your business, being more efficient about the way your finished products leave a business, and also how you manage the waste products that that business creates.
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