We have all heard it a thousand times “Small Businesses are the backbone of the American Economy”. Startups and small businesses are vital to the U.S. Economy and are growing at a rapid pace. According to the Kaufmann Index of Startup Activity, 2015 was the largest year-over-year increase since the 1980’s for new startup companies. On average, about 530,000 new startup companies have formed each month as of 2015. With so many new startups and small businesses, how will you get the edge and become more efficient and better equipped than the competition?
Starting a new business is no small undertaking. With so many variables, putting legs under your great idea can be a long process. How many employees will you need? Will you own or control inventory, if so how much? Are you a local retailer with the newest products in your store, or an e-commerce store selling to the entire world? These questions are just the start of learning what your startup will look like.
Storage and Distribution
If you will control inventory, how do you plan to handle storage and distribution? Owning or renting a big empty warehouse may seem like a good place to start your search, but how will you run the operation? Staffing, storage efficiency, and shipping are just the start of what you must account for when running your own distribution center. That’s where a 3PL can help! With core competencies in storage, order fulfillment and transportation a 3PL can be a major relief for many small business strategies. Our small business strategies are in place to help entrepreneurs hit the ground running with quality and efficient storage and distribution.
Let’s be honest, how many startups are not interested in growing their business? A 3PL is an amazing resource for companies expecting growth in the near future or the long run. With many programs in place such as flexible storage walls and payments for only what you use, small businesses get a great advantage with a 3PL. Be sure to follow our blog over the next couple weeks as we talk about startups and small business strategies. Next week we will explain how those programs, as well as a few more, can help startups to grow and emerge as quality businesses in today’s market.
Thanks for reading, and have a wonderful day!