Spikes In Lumber Prices | What Does It Mean For Independent Contractors?

June 1, 2021

The Highest Trending Topic?

Arguably, one of the highest trending topics we are seeing as we move through the second quarter of 2021 is the housing market. The cost of homes and lumber have hit a record high and supply for both remains far behind demand. And the folks who are suffering the most are first-time home buyers and independent home builders. The future is uphill.

Many of the experts claim that price fluctuations we’re seeing around housing and construction find their roots in the market crash over a decade ago. At that time, the market was oversupplied with materials. The bust caused alarming numbers of sawmills to shut down and never come back online again.

May 3, 2021

Experience & Character Count in Business Liquidations Auction Houses

If you ever choose to liquidate, upgrade, or downsize your business, you’ll soon find that there are numerous ways to get the job done. There are so many avenues for selling tools, equipment, and other products that it can quickly become overwhelming. As a business owner, you have a hard decision to make. The decision is also a very important one. If you choose the wrong avenue for selling your equipment you could lose tons of time and money. You may also fail at selling anything and end up at square one, looking for another way to get rid of your old equipment.

Selling your tools, equipment, and other goods is already a massive headache. Searching for the right venue to sell your used business equipment usually adds a heavy layer of frustration, confusion, and uncertainty. And there is arguably nothing worse than having high levels of uncertainty around a sale that you are attempting to successfully execute.

In our latest article, we will walk you through the importance of working with a professional appraisal and business equipment sales team to ensure you have a profitable event. We will explore ways you can do diligence on your end to ensure you move forward in your auction with peace of mind and confidence that you have chosen the right sales group. We will identify the most valuable qualities of the sales partner you are looking for. We will also help you understand why auctioning your equipment with a trusted company that is well-versed in helping multiple businesses through this process can be your best bet.

May 3, 2021

Experience An Auction That Delivers On Results

There are regular auctions and online auctions and then there is the experience and expertise you get when you work with Auction Masters. Instead of taking on the process of liquidating business equipment by yourself, why not partner with a team that can deliver the most valuable results in the industry? Why not access a more sophisticated system for getting results in the liquidation process? Why not recruit a team of experts to create the most effective marketing campaigns for your auction?

Why not find a team that can target and successfully market to your most valuable buyers? Why not find the team that can advertise your equipment on the media channels your most valuable buyers tune into? Why not include a proven process built on the highest industry standards?

March 29, 2021

In Part 1 of our series, we explored the 3 basic types of inventory that most businesses offering products and services typically encounter. We established that organizing and tracking equipment inventory is critical to running a successful supply chain operation.

If You Missed Part 1

We also began to look at why understanding the lifecycle and classification of inventory is so important. Once a team can quantify their materials at every step along their supply chain, they can begin to create processes to optimize how they handle and distribute that material.

In this article, we’ll look at 3 profit-making benefits of implementing systems to help streamline the production process. We’ve all seen this. Operational teams get caught up in the day-to-day grind of putting their heads down and getting the job done. In turn, they forget to stop and ensure they are functioning in a way that is efficient and productive.

March 29, 2021

Inventory is a cost for some and security for others. It makes an accountant nervous and makes a foreman giddy. But when does a business have too much inventory? And how does a business reduce that inventory without getting rid of valuable products?

Business inventory is defined as:

“Inventory, in business, is any item of property held in stock by a firm, including finished goods ready for sale, goods in the process of production, raw materials, and goods that will be consumed in the process of producing goods to be sold. Inventories appear on a company’s balance sheet as an asset.” – Britannica

March 4, 2021

A Brief History of Auctions

Did you know? The first recorded “auction activity” dates back to Greece around 500 BC. The Romans also enjoyed auctions, buying and selling their treasures from war and debtors’ assets.

Later in history, “candle auctions” became popular, beginning with a candle being lit and ending when the candle burned out. No one knew when the last bid would actually be placed, adding an extra level of drama and excitement to the final moments of a sale.

As time passed, auction houses gained traction and notoriety. The first establishment appeared in 1674, known as the Stockholm Auction House in Sweden. Sotheby’s was founded in 1744 and has recently gained rank as the largest auction house in the world, relinquishing this title from the long-standing auction giant Christie’s which was founded in 1766.

February 1, 2021

Appraise and Sell Your Business Equipment For A Merger Or Acquisition

In article 3 of our series on Mergers and Acquisitions (M & A’s), we’ll look at how appraising your business equipment and selling the pieces that are no longer needed will provide you with a smarter, more efficient M & A process. We’ll also provide you with some smart actions to consider that could help you have a successful appraisal and selling experience.

You’re on the brink of growing your business in a valuable merger, or you’re positioning your business for a successful acquisition. You know that you’ll have excess and redundant equipment and you’d like to get as much value as possible for those items. But what’s the best way to determine that value?

You need to make the right decisions when figuring out how to price your business equipment. And the best way to make that happen is by partnering with a Certified Business Equipment Appraiser and a company with a proven track record of success when it comes to equipment liquidation.

Some quick housekeeping. We kindly remind readers that our research is intended to spark new ideas and inspire actions that can help businesses.

Always remember, if you’re a company with plans to enter a merger or an acquisition, you’ll want to consult with accounting, tax, banking, and legal representatives experienced in these fields.