I do have a Dymo label maker and do use it for some things, like draw fronts. But most of my labels are printed with the same computer that I am using right now. I like to buy the full sized label sheets (8.5" x 11") but some labels only come on smaller ones. I keep label stock in both die cut sizes and full sheets with no cutouts. And I get both removable and permanent adhesive types.
I like using a more or less modular storage system. It starts with adjustable shelves on the walls. Most of my shelves are 11" deep and hold the 11" or 12" deep cardboard bins. I use the cardboard bins because they are inexpensive and I can keep a stock of about a half dozen sizes/widths. I have been using them for several decades now and they seem to last well enough in a one man shop.
When called for, I divide the inside of those bins with cardboard mini-bins. I also have a number of prescription medications that I take on a regular basis and I keep the plastic bottles from them to use for shop storage. I presently have more Rx bottles than I ever wanted and they all were free. A couple of the label sheets that I keep on hand are round labels for these Rx bottles. My screw and nut stock is presently in these bottles with one or two cardboard bins of them for each thread size up to about 5/16"/M8 or so.
I found that screw sizes below #4 were too small to efficiently use the above system so I purchased several clear plastic, bead storage boxes from the arts and crafts area at Wal-Mart. They are about 1" high and 12" wide and come with about 15 or 18 small, screw top, round containers inside. Each of those small containers can hold over 100 of most small screw sizes. Everything is clear so I can easily see what I am looking for. By standing them on the front or rear edge, one of these bead boxes only takes up about 1" of my shelf space and I can have thousands of small nuts, bolts, washers, set screws, etc. in only about 6 or 8 linear inches of shelf (well under 1/2 cubic foot). That is compact and space saving storage.
I like to use peg board for other areas where shelves may not be the best. Or, in some places I combine both. I have a combination of shelves and peg board behind my lathe. And a small, peg board on the head of my mill that holds most of the tools that I need when using the mill.
I have used the space above two doors in my shop. Above one door I have a continuation of the shelving on that wall. It is enough to hold two or three of my height gauges that I do not use often. Above the other one I have a peg board that presently has a number of extension cords hanging on hooks. Of course, that could change just by using different hooks. I love peg board.
Another use of a door will be a compact, fold-able fixture for taking photos in the shop. It will have a horizontal table surface that folds down and a cyclorama style background, perhaps with several colored inserts available and lights hanging from the ceiling. I may even make that background from a translucent plastic and incorporate back lighting. Back lighting is often incorporated in industrial photography for stunning photos. This will fold against the door and therefore take up almost zero shop space when not in use. This is a back burner project.
Another idea that is a work in progress is to use the space under the table of my floor stand drill press. I wanted a big, floor stand drill press so that I could work on large things there. But, lets face it, 99.99% of the work on that machine will not use that space under the table. In most shops this is just wasted space. I was inspired and purchased a 6 or 8 drawer tool box to use there. I bought one without wheels, but obtained four large diameter wheels that would allow it to roll over the base of the drill press. I plan to mount those wheels in a manner that will allow four wheel steering so I can easily roll it out of the way when I do need that space. The four wheel steering will allow it to be easily maneuvered about the narrow areas of my shop. I will post/publish this project when it is done.
Those are just some of the ideas that I have for efficiently using the space (that's SPACE, not just the area) in my shop.
1. You can get magnetic label tape (which so far as I have found only works in certain epson labelers.)
Epson LABELWORKS PX | LabelWorks PX Magnetic Label Supplies
[I have *three* labelers, because the brother makes the strongest permanent labels for things like tool holders, the dymo/rhino has the best heat shrink labels and some useful color combinations, and the epson makes the largest labels of the three, and also magnetic labels.)
2. Regarding the industrial building - I have one, and getting rid of stuff to make room for more stuff is still a constant problem. You could have the entire boeing 777 assembly building (the largest building in the world) just for your shop, and you'd fill it up....