4th March 2010, 09:14 AM #1
$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.
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?John Carlisle
Community Manager Emeritus
Still a Big Fan of Self-Storage!
4th March 2010, 12:36 PM #2
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.
Last edited by Autodoc; 5th March 2010 at 11:11 AM.Wayne
All arguments can be resolved ... with high explosives and Humor!!!
4th March 2010, 02:36 PM #3
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........
4th March 2010, 04:54 PM #4Senior Member
- Join Date
- Feb 2009
ooh, this could be fun
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.
4th March 2010, 05:12 PM #5
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!!Have you ever stopped to think and forgotten to start again?
4th March 2010, 06:12 PM #6
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!!
4th March 2010, 06:21 PM #7
MCG--YES!!! flowers and fresh fruit!!!Have you ever stopped to think and forgotten to start again?
4th March 2010, 08:18 PM #8
I would add a fourth floor with climate control, and I'd do solar panels, TOO!
Plus catered lunch twice a week!The customer isn't always right, the trick is making them think they are!