Controversial View 🤔

Goood Day Store Fam..A..Lam

So its not exactly amazing weather in Alcudia ….

Rained nearly everyday …

But like I tell the wife … First world problems 😍 …

I am loving it, playing with the kids in the rain is amazing and its a reminder we have to find the joy in the small things in life … The little moments, they are what counts

It cant be sunshine and rainbows everyday all day so find the small moments and appreciate them

On to the newsletter ….

• 2 Reservations

• 2 Move Ins

• 4 Move Outs

Lets … Do … This …

Here's what's coming your way today 😎🎯

🤐 A Self Storage Tip - “Controversial View 🤔”

🤝 3 Self Storage News Stories

🧐 Yesterday’s figures for each facility

🥸 1 Meme of the day

Self Storage Tip💡 💰

Controversial View 🤔

You Don’t Want To Be Single Store Dependent

The more sites you have the easier you can defend your business 👊

You can afford:-

• A better team ✅

• A better paid adds company ✅

• To spend more on seo consultants ✅

• To get a better accountant ✅

• To spend more on mentors and consultants ✅

• To pay for the best legal and business advice ✅

• ETC ETC

That’s not all folks ohhhh no ….

You get to save expenses through economy of scale as well.

A small example would be my SEO consultant … He charges £3k per month to work on storemore.co.uk. If I have one site that means the cost per site is £3k / month. HOWEVER, if I have 6 sites then the cost is £500 / per month per site

EOS - Economies Of Scale at work 👏

With one site your -

• Reliant on the demand of said location 😳

• Worried someone may out position you 😳

• Worried new facilities will open 😳

With one site there is always a potential worry and threat that may impact your business … Don’t get me wrong you're still worried with multiple sites but it’s less impactful to your overall business and it’s unlikely to kill your business

With multiple sites your success is less determined by one site, more the demand of the industry as a whole 👏

Expanding isn’t right for everyone but for me I see it as the safest option …. Even though there are considerable risks ✌️

Something for you to think about 🤔

Industry News🧐

• Shurgard Self Storage : Half Year 2024 Report

• Shurgard Self Storage : Interim results, January 1, 2024 to June 30, 2024

• 2 FTSE stocks investors should consider buying for their Stocks and Shares ISAs!

The Fun Bit - My Business .... Bare Butt Naked! 😲🤫🤭

Yesterday’s Results -

Willerby (Hull) … My Big Site

• 0 Reservations

• 2 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 405 Sq Ft

Reservations so far this week = 6

Move Ins so far this week = 7

Clough Rd Figures ... The Automated Site

• 1 Reservations

• 0 Move Ins

• 1 Move outs

Month to Date -

• MINUS 1055 Sq Ft

Reservations so far this week = 3

Move Ins so far this week = 1

Beverley … My Baby (First Site)

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• MINUS 115 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 0

Wrexham's Figures (Indoor) ... My First Acquisition

• 1 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• MINUS 390 Sq Ft

Reservations so far this week = 2

Move Ins so far this week = 0

Mansfield Figures

• 0 Reservation

• 0 Move Ins

• 3 Move Outs

Month to Date -

• PLUS 315 Sq Ft

Reservations so far this week = 2

Move Ins so far this week = 1

Glasgow

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 480 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 0

Meme / GIF of the day -👀😂

Health and Fitness ... Move More = Live Longer - 🏋️‍♀️ 🏃

Weekly goals -

• Gym - 0 times

• Run - 50 miles

• Boxing - 0

Results so far -

• Gym - 0

• Run - 11 Miles

• Boxing - 0

Yesterday’s Steps - 28,192

Loads of self storage love,

Dean ❤️ 🙃