It’s an unfortunate but true fact. According to the Small Business Association, 20 percent of small businesses fail in their first year, 30% of small business fail in their second year, and 50 percent of small businesses fail after five years in business. Finally, 70 percent of small business owners fail in their 10th year in business.
Often, what’s holding a small business back is the inability to wrangle growing expenses. Yes, you do have to spend money to make money – but are those expenses investments for you or payments to use what’s owned by others?
Gaining Equity in Your Own Business
Many small business owners rent or lease a building. Sometimes that’s the only option, but if you can swing it you are better off owning the building. Ownership creates equity.
Putting up a pre-fabricated steel building also can create tax benefits. Talk to your financial advisor first, but you might find that the purchase of a steel building opens options that renters can’t take advantage of – such as capital gains, property tax, and interest.
You’re also free from the restrictions that a building owner might place on you, so you can customize the interior of your new steel building any way you’d like. Miracle Truss® buildings feature edge mounted purlins and girts make it easy to install standard doors, windows, and other interior elements you can find at any big box home improvement store. Unlike some steel building designs, you won’t need to retrofit the walls with interior studs. Own what you build.
Return on Investment
People are generally surprised at the affordable cost of pre-fabricated DIY building kits. They become even more affordable when you take advantage of our current building specials. Steel buildings are also low maintenance because of their high resistance to the elements. This savings is another return you can pour back into your business. No more rent and fewer repairs give you extra money to invest in upgrades elsewhere that make more sense.
Metal buildings also usually save you on insurance costs because they are resistant to fire.
Match Your Business Personality
Small business owners have to be concerned about brand identity. What will customers think if they visit? It’s time to change your mindset if you think that a steel and metal building kit has to look like a great big ugly box.
We offer truss-only options that give you the flexibility to finish with an exterior siding of your choice. Many business owners choose to go with vinyl or even stone. You can also opt to go with a shingle, tile, or composite roof. Our designs can support it because the roof mounted purlins are only 24 inches apart. Learn more about how you can customize your Miracle Truss® building.