by Marc Goodin CEO of Storage Authority www.storageauthorityfranchise.com
You have heard of OPM ie Other Peoples Money. And I am sure it is one of the top reasons to get into self storage. Where else can you put 15% down with an SBA loan and borrow millions?
I only know of one thing better than OPM and that is OPT, ie Other People Time. It is so easy to leverage other people's time in self storage. Most of our franchisees are time broke and would never been able to develop a self storage without OPT.
There are multiple ways to leverage OPT and experience. Books, seminars, apps, your team,(Engineers, Architects, lawyers, self storage experts) just to mention a few.
The ultimate way to leverage OPT is with a Franchise
If you are not a self storage expert you should not expect to build a self storage without efficiently leveraging other people's time and experience.
It takes 10,000 hours to become an expert at most things. Who has that kind of time to build a lucrative second income stream? Certainly not most of the busy professionals I know.
Even the fact you can run a self storage with just a couple of employees and build a significant retirement income and nest egg is an incredible leverage of OPT. I had 15 employees at my engineering business and made a decent income. But I had to work full time plus some and most of my time I was taking care of my staff and administration stuff - no fun.
And you know the saying time is money. leveraging OPT means you are leveraging your money! money
I would love to answer any self storage questions you have.
PS Here are some interesting franchise statistics:
A new franchise opens every 8 minutes every business day.
Franchises generate 2.3 trillion dollars a year in the US.
Franchising began over 40 plus years ago with companies like Holliday Inn and McDonalds.
There are nearly 1 million franchises in the US.
Over 40 cents of every retail dollar is spent at a Franchise.
By far Franchising is the most successful business model ever introduced to business. Franchising is the fabric of many people's success. It has changed the lives and fortunes of many who may have never done it otherwise.
Studies claim that franchise businesses enjoy a success rate of up to three times greater than that of independent businesses. Whatever the true number it is certain franchising affords benefits that provide greater business advantages to owners of franchised businesses.
Learn more about Storage Authority Franchise at www.StorageAuthorityFranchise.com