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  1. #1
    jcarlisle's Avatar
    jcarlisle is offline CM Emeritus, Reg. Member
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    Lightbulb $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?
    John Carlisle
    Community Manager Emeritus
    Still a Big Fan of Self-Storage!
    www.chicagoprowriter.com

  2. #2
    Autodoc's Avatar
    Autodoc is offline Mod eMeritus
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    Default

    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 10:11 AM.
    Wayne
    Jamestown, ND


    All arguments can be resolved ... with high explosives and Humor!!!

  3. #3
    MusicCity Gal's Avatar
    MusicCity Gal is offline Moderator
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    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........
    Stephanie Tharpe
    Operations and Marketing Specialist
    A+M Group, LLC
    Nashville, TN

  4. #4
    geraldine1051 is offline Senior Member
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    Default 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.

  5. #5
    Reebee's Avatar
    Reebee is offline Senior Member
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    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?

  6. #6
    MusicCity Gal's Avatar
    MusicCity Gal is offline Moderator
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    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!!
    Stephanie Tharpe
    Operations and Marketing Specialist
    A+M Group, LLC
    Nashville, TN

  7. #7
    Reebee's Avatar
    Reebee is offline Senior Member
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    MCG--YES!!! flowers and fresh fruit!!!
    Have you ever stopped to think and forgotten to start again?

  8. #8
    shaekirk's Avatar
    shaekirk is offline Moderator
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    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!

    Shannon

 

 
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