In this engaging episode, we sit down with Michael Walker from Standby Self Storage and Quickfit Container Accessories. Operating eight self storage sites and running a thriving container accessories business, Michael shares his journey from property development to building a successful self storage empire.

Discover how Michael transitioned from renovating a rundown site in Croydon to launching his first self storage facility, navigating challenges, and spotting opportunities in an underserved market.

With his insider knowledge as both a self storage operator and supplier, Michael provides valuable insights into the industry, from startup strategies to addressing business and personal storage needs.

Key Takeaways from Michael:

• Understand how to overcome initial challenges such as planning and cost barriers.
  


• Discover the benefits of pivoting to innovative solutions, like container self storage, to save costs.
  


• Get insights into starting small.
  


• Recognize the importance of identifying and serving unmet market demands.
  


• See how filling gaps in underserved markets can create competitive advantages.
  


• Discover the value of adapting to market demands and leveraging local opportunities.
  

Visit Stora.co to sign up for a demo or explore our Academy for tools, financial models, and guides to grow your self storage business.

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Chapters

00:33 Introduction
01:44 Opening his first site
05:40 Initial attraction to self storage
06:40 The growth of the business
07:35 The challenge of finding new locations
11:29 Leasing vs buying
17:17 The running of the business (marketing, sales, operations etc)
23:10 Quickfit Container Accessories
24:58 Unusual uses for a container
26:05 Top 3 important tips for success
28:12 Weirdest thing found in a container unit
29:49 What does the future hold for self storage?
32:00 The ideal feature for self storage
33:26 The future of Standby Self Storage
35:12 Outro