August 2, 2019
Regardless of what terminology you use — “gig economy” or having a “portfolio career” — the fact is that more and more professionals are developing what’s commonly known as a “side hustle.” A side gig isn’t just for those looking to patch together different pieces of part-time work into a whole; even full-time execs are seeing the attraction of adding a side hustle.
Some use it as a way to satisfy interests or passions that go unfulfilled in their regular career, while others use a side hustle for its additional income and as a way to develop a growing business concern that might eventually enable them to transition out of the first career. A portfolio career also is often a suitable situation for someone who has retired early from a full-time career, allowing them to pursue more satisfying interests or have a continuing income source.
A rewarding side hustle is one that can be conducted efficiently without hampering one’s ability to perform his or her main gig — hence the “side” nature of the extra business. Of course, that ability to balance multiple gigs depends on the type of side job. Starting completely from scratch to launch a business open to the public can be too overwhelming to execute as a side hustle. However, as a general principle, opening a location of a successful franchise is a huge head start for entrepreneurs and brings with it lots of help and assistance from the corporate brand. This includes a ready-made, well-honed system for success. And some types of businesses are even simpler to operate than others.
One prime concept for a second pursuit is to open a franchise of a storage unit business. Here’s why.
Startup and Management are Efficient
Consider the example of operating a franchise of UNITS® Moving and Portable Storage. Typically, only three staff members (driver, customer service rep, and salesperson) are required, allowing a franchise owner to delegate daily responsibilities and easily hold them accountable. Many of the ownership responsibilities can be handled remotely.
Follow this example further. Because it’s part of a strong franchise network, an individual location of the franchise system benefits from the UNITS Moving and Portable Storage’s web development team, which maximizes lead generation for the franchisee and provides proprietary software to track, manage, and convert leads into sales.
So, such a business is more than the sum of its parts; it has exponential potential beyond the mere, limited “side” efforts of the owner. It builds on momentum and a solid platform.
Creating a New Career Safely
For execs growing weary of the corporate grind, a storage-unit business stands to create more than just an additional source of revenue. Once it gets going, a storage side hustle offers a safety net in the event of a layoff or just a desire to transition out of the traditional office setting. This is especially true for executives who opt for a semi-absentee ownership model, such as one option offered by UNITS Moving and Portable Storage. A hired manager handles the daily operations in this setup.
And since UNITS Moving and Portable Storage also has created an owner-operated model, an exec who is ready to shake off the shackles of the corporate world can leave his or her original career, remove the manager from the equation, and run the business — even from a home office. Or, the owner can keep the manager and have plenty more free time for leisure — or even develop yet another side hustle.
Bonus Reason: Extra, Side-Side Hustle Potential
Buying and selling stuff — such as mopeds and scooters in this person’s case — can add up to a cool additional revenue stream. But you need a place to store what you plan to sell while you’re in the middle of the flip process. An owner of a storage-unit business can set aside a few units for storage of profitable flippables.
A storage-unit business is a perfect side hustle for corporate execs who want to flip the script of what a career should be.
Founded by Michael McAlhany in 2004, the mission of UNITS Moving and Portable Storage is to provide personal customer service while supplying the most innovative equipment in order to eliminate the frustrations associated with moving and storage space issues.
UNITS Moving and Portable Storage currently has 24 franchised and three corporate territories across the United States. With a presence in more than 40 markets, and growing, the brand is looking to expand with the right people in the right markets.
For more information on how to take advantage of this opportunity, or simply to learn more about the moving and portable storage industry, visit https://www.unitsfranchisegroup.com/ and fill out the inquiry form. We will reach out to you to talk more about your interest in our brand, and how UNITS Moving and Portable Storage can help you reach your personal and financial goals.