What are the Costs Associated with Your Small Business?

There are many costs associated with a growing business.  Trying to manage all those growing costs can cause many headaches and tough decisions.  Between marketing plans, sales outreach, operations, inventory, etc. there are a lot of decisions to make.  One of the biggest costs can be finding a warehouse to store your inventory and build a shipping department with expensive software systems to support the logistics of delivering your products to customers.

Warehousing costs – There are many, many options out there for a warehouse location to locate your business.  The cost for a warehouse space can range from $0.50/sq ft to $1.50/sq ft. Trying to figure out what size of space will work for your current business and also your future growth can be a difficult project.  Let’s not forget all the warehouse elements including pallet racking, shelving, forklifts, pallet jacks and every other piece of warehouse equipment that costs a pretty penny to source and set up.

Inventory Management/Shipping Department –  In order to keep track of your inventory and organize yourself to pick, pack and ship your products you will need an expensive software system.  There are many options out there for warehouse management and inventory management systems. These software systems can range from a few hundred to a few thousand dollars per month for a subscription.  Not to mention the time investment needed to get trained on using the system and then turn around and train employees how to use the system.

Employees – You will need some individuals to help you as your business grows.  The hiring process can be long and finding the right people to work with and train can consume a lot of your time that you could be using for sales and marketing efforts.  

Fulfillment companies like Launch specialize in warehousing, inventory management, and shipping products.  Rather than figuring out the logistics for your company on your own time and effort, why not take a look at a 3pl fulfillment company to fill these needs for your business.  Launch Fulfillment is a pioneer for fulfillment companies in Utah that can help you grow your business while saving you time and money, figuring out the warehouse, inventory management, and shipping.  We already have all these things in place and basically all that needs to be done is to bring your products to the warehouse, plug in all your skus to the software, and set up to be ready to ship.  Let us help you with an analysis of your business to figure out if a fulfillment company partnership will save you a lot of money in the long run.