Mark Helm, Author at Creating Wealth Through Self Storage

Becoming Masterful at Reading Financial Statements in the Self Storage Business

by Mark Helm | Sep 10, 2021 | Buy Self Storage

Remember, according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn. And yes, the primary reason companies fail is they run out of cash. Warren Buffett says, “The language of business is...

All Cash Is Not Created Equal

by Mark Helm | Sep 3, 2021 | Buy Self Storage

Remember, according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn. And yes, at surface level, the primary reason businesses fail is they simply run out of cash. Here are a few other...

What Your Profit & Loss Statement Doesn’t Tell You

by Mark Helm | Aug 27, 2021 | Buy Self Storage

It’s amazing how many of us in the self storage business don’t know much about financial statements and financial literacy. I had a big learning curve and still am not as strong as I could be. But then again, balance sheets and profit and loss statements are not very...

The Four Elements That Make a Good Self Storage Site

by Mark Helm | Aug 20, 2021 | Buy Self Storage

I recently was traveling looking at some sites for some self storage projects and thought it might be good to write an episode outlining what I think makes a good site. I have made some real mistakes on this in the past. There are four main elements that make a great...

My Takeaways From The Inside Self Storage Convention 2021

by Mark Helm | Aug 13, 2021 | Buy Self Storage

It was good to be back in Las Vegas at a self storage convention. I didn’t realize how much I missed it until I was there. Here are a few takeaways from being there that may serve you as you grow or get in this fantastic business of self storage. Construction...