Thread: $10 Mill to Expand Your Biz - What Would You Do?

Here's one of those fun hypotheticals:

Suppose you were given a $10 million interest-free loan to invest in your storage business. There's no real set deadline to pay it back, either.

Rules:
1.) You can't pay yourself more.
2.) You can't sabotage another business.

In other words, tell us about your pipe dream expansion and upgrade. How would you make your business better if there were little risk involved?

With 10mil --- I would:

1. re-do our drives (cut out all the asphalt and re-lay new without cracks)

2. expand -- we have a 2 acre lot in front that has been vacant for 25 years

3. add solar! I would never pay an electric bill again!

4. I would take part of it to fully fund a local little league football team.

5. I would also contribute some of it to other local childrens charities.

I would use it to build covered and enclosed RV Parking! We have upgraded our facility so much, new showroom office and just got approved to add another Climate Control building, so the RV Section is where I would want to go. Also more landscaping!!

Sponsoring a Little League Team would be awesome too since my son plays for one!! Last year our sponsor was McNair Sports, but with the untimely death of Steve McNair, we lost the sponsorship........

Like Autodoc, I would repave and install solar. Like MCG, I would love a covered area for RVs and more eyecatching landscaping. I would also add a new business sign with a new, classy logo. And I might just go for adding that "dog wash" that was mentioned in another thread.

I would first of all pay off our existing mortgages. That would eliminate 99% of my financial worries every month.

Cover our RV parking.

Add solar (i hate pg&e bills).

Have a HUGE sign built to put at the corner pointing to our facility (which is hidden back in the industrial park).

Buy new company t-shirts, oxford shirts, etc. so we would all look wayyyyy better dressed!

Re-wrap our "free with move-in" moving van.

Make advance reservations for the ISSA Conference in Vegas every year!!

ReeBee I LOVE your way of thinking!! New company attire would be very nice!! And paying off the mortgage so everything is PROFIT!! Love it!!

I would also set up delivery of Fresh Flowers and Fruit every Monday! That would be a nice way to start the week! Yes, I know, indulgent!!

MCG--YES!!! flowers and fresh fruit!!!

I would add a fourth floor with climate control, and I'd do solar panels, TOO!

Plus catered lunch twice a week!

I would aquire other facilities

Fairborn -- I think that's the shortest post we have ever seen from you!

Are you feeling OK?


I had the assumption the 10mil would go to the owners, and as I am just a lowly manager I would not get much say in the spending of it.

If it were given to ME I would buy my own facility in south Florida!

Or just buy my (as Gina suggested) purple yacht and sponsor SST manager vacations!