I’m sure
you have seen more than a fair share of companies throughout your life that
have very nice office space, proactive staff, wonderful products but…
inadequate warehouses. This is a problem for a lot of companies that start small
and then just start to grow and grow, especially those with tangible inventory.
They ultimately must face the inevitable: they have to build commercial warehouses. A good friend of
mine who sold janitorial supplies did it and he now confesses the investment
was very small compared to how much stock he could actually handle now, how he
did not miss on any orders because of lack of inventory and most importantly,
how his company did not stop growing.
He now has
a couple more, that’s how much building commercial
warehouses along with a thriving
demand helped his business grow
exponentially. He is very business savvy so he knows that whenever his supply
has no demand, he simply does not import the goods thereby emptying up some
space which he then proceeds to rent to the highest bidder. People are very
afraid of the risk associated with acquiring such a large asset but I would
advise them to do it. There is a golden rule in economics (and casinos, I
think) which is: the more you risk, the more you could win. Unlike casinos, you’re
not throwing your money into a rolling dice but actually building the backbone
of your company’s future. That could be an overstatement but my friend says it’s
not. He does not downplay the impact that building his commercial warehouse had on his business.
My line of
business is a little different, I serve a very different niche market which is
related to software and other technological solutions so I don’t think a commercial warehouse is as relevant for
me as perhaps servers or more computers or hiring new engineers could be.
Unless you are in my kind of business, you could most likely benefit from
building one and if you are missing out on delivering purchases because of the
‘’out of stock’’ answer, your customers will notice and most likely find the
product somewhere else. That’s the problem, missing out. Don’t fall there.