3 Ways to Physically Expand Your Business When Money Is Tight

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To help with this chick-and-the-egg scenario, here are three ways to physically expand your business when money is tight.
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For many businesses, their workload can start picking up before the money actually starts coming in. When this happens, it can be hard to expand to the state in which you need to be in to fulfill orders without the finances necessary. Luckily, there are a few things you can do to get the space you need to work even if you haven’t been able to secure all your funding yet. To help with this chick-and-the-egg scenario, here are three ways to physically expand your business when money is tight.

Bring In Prefab Structures

One great way to get more space in order to get your work done in is to bring in prefab structures like steel buildings. According to Julia Bunch, a contributor to Forbes.com, the term “prefab” just refers to how the structures were made, not to quality of the building or what the building is. So if you’re worried about how your brand might be affected by working out of a prefab building rather than renting a storefront, just know that you can have prefab buildings brought in that are absolutely beautiful and can save you a lot of money on your costs or acquiring more square footage for your business.

Utilize A Storage Unit

Another great option for when your business is running out of space but you don’t want to get into an entirely new commercial building yet is to utilize a storage unit. Joshua Sophy, a contributor to SmallBizTrends.com, shares that renting out a 200 or 300 square foot storage unit can save you a lot of money when you compare it to a commercial space of that same size. Keep in mind, however, that this option should really only be used if you need a place to either do order fulfillment or store items in. Having customers come to your business that’s being run out of a storage unit may not be the impression you want to give of a thriving and successful business. So if you need a storefront, really consider is a storage unit will be the best option for you.

Bring Your Work Home With You

If you’re currently outgrowing your workspace that resides outside of your home, you may want to consider bringing some of that work into your home for the time being. According to Jon Sumner, a contributor to SmallBusiness.co.uk, moving into a new location for your business takes a lot of planning, research, and reviewing of your business and its financial standing. This isn’t something that you want to just jump into because you need the space. So if you need to take a little more time to find the perfect permanent location to set up shop, consider working out of your home until you can get things in order.

If you need more space for your business but can’t afford to expand much at the moment, consider using the tips mentioned above to help you find space in an affordable way.


About

Anna Johansson is a freelance writer, researcher, and business consultant from Olympia, Washington. A columnist for Entrepreneur.com, iMediaConnection.com, and more, Johansson specializes in entrepreneurship, technology, and social media trends.

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