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Home Management

Turning unused space into a business

in Management
Reading Time: 2 mins read
Turning unused space into a business

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SMEs have been hit hard by the disease and are eager to increase their income as much as possible.

Bounce, a luggage storage company, provides five easy ideas for increasing revenue and foot traffic with no effort.

Include a return bar service.

A return bar receives consumer packages for shipment back to the vendor. They provide a point of contact for customers — comparable to the Post Office, but for local companies that deal with internet returns. There are no setup expenses, and the promotion will increase foot traffic to your restaurant.

Acceptance of an offer package

You may be the point of contact for the postal slips that say sorry, we missed you.’ Accept shipments on behalf of clients and store them securely until they may be retrieved. You may earn revenue on each shipment delivered to your address.

Storage for luggage

Consider baggage storage if you have any extra room. A storeroom or a cabinet behind the reception desk would suffice — any storage space will suffice. You may sign up for a self-storage facility or a baggage storage service. Earn a commission on each bag you store and earn additional revenue from clients who spend money in your shop or café.

It’s simple and requires no setup, and according to Bounce, you could make an additional £250 every month.

Provide secure bicycle storage

Why not try keeping bikes as well if you have a lot of storage space? You may establish your charges for bike storage, which can be extremely beneficial if your shop is located in a high-traffic location. All you need is a bike rack or a monitored confined place.

Provide an Amazon locker as a service

Amazon provides a service comparable to package acceptance or courier delivery — they only utilise lockers instead of a manned counter. Having one at or near your place of business may result in increased business. More information is available at the Amazon Hub.

Visit Bounce’s website for further revenue-generating ideas.

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Here are five frequently made tax mistakes by self-employed individuals:


Neglecting to Track Expenses: Failing to keep meticulous records of business expenses can lead to missed deductions.


Ignoring Estimated Tax Payments: Not making quarterly estimated tax payments can result in penalties and a hefty tax bill at the end of the year.


Misclassifying Workers: Incorrectly classifying employees as independent contractors can lead to back taxes and fines.


Not Separating Personal and Business Finances: Mixing personal and business funds can complicate accounting and tax reporting.

Overlooking Retirement Contributions: Missing out on retirement plan contributions can limit savings and tax benefits.

Here are five frequently made tax mistakes by self-employed individuals:

  1. Neglecting to Track Expenses: Failing to keep meticulous records of business expenses can lead to missed deductions.

  2. Ignoring Estimated Tax Payments: Not making quarterly estimated tax payments can result in penalties and a hefty tax bill at the end of the year.

  3. Misclassifying Workers: Incorrectly classifying employees as independent contractors can lead to back taxes and fines.

  4. Not Separating Personal and Business Finances: Mixing personal and business funds can complicate accounting and tax reporting.

  5. Overlooking Retirement Contributions: Missing out on retirement plan contributions can limit savings and tax benefits.

Certainly! Here’s a rewritten version of a self-employed invoice template suitable for a small business in the UK, keeping the original meaning intact:

Self-Employed Invoice Template
Your Business Name
Your Address
City, Postcode
Email: your.email@example.com
Phone: 01234 567890  
Invoice Number: [Invoice Number]
Invoice Date: [Date]
Due Date: [Due Date]  
Bill To:
Client’s Name
Client’s Address
City, Postcode  

Description of Services Provided:



Item/Service
Hours/Quantity
Rate (£)
Total (£)




[Service Description]
[Hours/Qty]
[Rate]
[Total]








Subtotal:


[Subtotal]


VAT (if applicable):


[VAT Total]


Total Amount Due:


[Total Due]




Payment Instructions:
Please make payment via bank transfer to the following account:
Account Name: [Your Account Name]
Sort Code: [Your Sort Code]
Account Number: [Your Account Number]  
For any questions regarding this invoice, please contact me at the details above.
Thank you for your business!

Feel free to fill in the specific sections or adjust any parts according to your needs!

Certainly! Here’s a rewritten version of a self-employed invoice template suitable for a small business in the UK, keeping the original meaning intact:


Self-Employed Invoice Template

Your Business Name
Your Address
City, Postcode
Email: your.email@example.com
Phone: 01234 567890

Invoice Number: [Invoice Number]
Invoice Date: [Date]
Due Date: [Due Date]

Bill To:
Client’s Name
Client’s Address
City, Postcode


Description of Services Provided:

Item/Service Hours/Quantity Rate (£) Total (£)
[Service Description] [Hours/Qty] [Rate] [Total]
Subtotal: [Subtotal]
VAT (if applicable): [VAT Total]
Total Amount Due: [Total Due]

Payment Instructions:
Please make payment via bank transfer to the following account:
Account Name: [Your Account Name]
Sort Code: [Your Sort Code]
Account Number: [Your Account Number]

For any questions regarding this invoice, please contact me at the details above.

Thank you for your business!


Feel free to fill in the specific sections or adjust any parts according to your needs!

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