Financial Literacy

Creating Wealth Through Self Storage

I recently gave a talk at the 2022 Inside Self-Storage Convention and was asked to write a follow-up article on Financial Literacy. The talk was titled “Reading Your Financial Story, Interpreting Your Self-Storage P & L’s And Other Financial Statements.”

I am amazed at the number of self-storage owners and business owners with little or no financial knowledge, myself included when I got into the business.

There is much more to being successful in self-storage than buying low and selling high.

Your numbers and ability to tell a story from the numbers are the dials you turn and the levers you pull to grow your business.

The ultimate goal is to have the numbers tell us a story. Then, we can use the story to tweak the business. Or, if we are looking at someone else’s business, know what we can do to improve it.

Let’s explore this together.

-Listen on Apple Podcasts – https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875 -The QuickStart Academy: https://thequickstartacademy.com/ - 5 KPIs we measure and how we do it: https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/ -My blog: https://creatingwealththroughselfstorage.com/ -Facebook: https://www.facebook.com/markhelmselfstorage/ -Twitter: https://twitter.com/MarkHelmSelfst -The Storage World Analyzer: http://storageworldanalyzer.com/ -The QuickStart Academy Store: https://quick-start-academy.myshopify.com