How can one safely store sodium hydroxide to prevent any potential hazards or accidents?

To safely store sodium hydroxide and prevent hazards or accidents, it should be kept in a tightly sealed container made of a compatible material such as plastic or glass. The container should be labeled clearly and stored in a cool, dry, and well-ventilated area away from incompatible substances. It is important to wear appropriate personal protective equipment when handling sodium hydroxide and to follow all safety guidelines and protocols.