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Friday July 30th 2010

What Helps Some Businesses Survive While Others Fail?

In recent years, Florida has had some tough luck with the weather and the economy. There have been several huge hurricanes that have passed through the state in the past 5 years that have really devastated a lot of homes and businesses. The economy has also created a large problem for several second home owners who have lost their homes to foreclosure making it one of the biggest foreclosure states in the country . A couple of businesses that are helpful for these two scenarios are storage facilities that rent out mini storage buildings to put your things when you lose your home and also the business that sell roll up doors and metal shutters to place on residences and store fronts to prepare for a hurricane.

Storage facility businesses have typically had a steady business in recent years with people using them for having more things that they can fit at home or a temporary place to put their things while waiting to move into a new place . Now with so many Americans being forced out of their homes because of foreclosure, storage facilities are busting at the seams with business where most of them are not only full but have long waiting lists. This is one such example of a business that seems to improve , when everyone else is doing worse .

Another type of business that improves when people experience more trying times is emergency based businesses that offer things to help avoid damage to their properties or businesses. One such niche is the business that sell window and door roll up doors and shades to cover the exterior window and doors of a home that may be prone to hurricanes. Several large hurricanes where many people had their places ruined from their windows and doors broke and the wind and water got into their home saw their neighbors that owned the reinforced steel coverings appeared to avoid having any damage to their place . This created a large influx of business for these companies that sell hurricane prevention items for the exterior of your home or business.

A majority of of these businesses that have done well never intended on doing better due to the hardship of others but it is a simple fact of life and certain things that are needed in an economic or weather related crisis may not be needed once things calm down again. Therefore, if your storage facility company is thriving you may desire to grow it bigger . This may not be a good idea because as the economy improves and the people get back into homes, your business will level off as well and if you grow it too rapidly you may be stuck with more storage facilities than you have customers . So, proceed with caution .

Hopefully when the economy gets better and the global warming may begin to reverse itself some of the bad storms it has been producing , the Floridians will be doing well again .

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