Need to Sell Surplus Equipment?

If you need to sell surplus equipment and machinery, we suggest you enlist the services of experienced professionals who can help you to realize maximum value for your assets.  At Rabin we specialize in assisting companies such as yours with selling idle or unproductive assets which allows you to obtain capital that can be reinvested back into the business or used to pay off creditors.  

Keep in mind that unused equipment is money just sitting around.  By selling the surplus equipment, you not only bring cash back into the business but it can eliminate the chance of having equipment sit idle only to have it become outdated or obsolete.  Also in many cases, the pieces are large and storing them takes up valuable floor space that could be put to better use.  

Sure we know that you can try and sell your equipment or machinery on your own but the benefits of using a highly reputable firm are numerous.  For one thing, Rabin’s asset valuations are relied on by financial institutions and corporations throughout the world.   Our team has experience in nearly every industrial sector and can appraise your machinery to give you a realistic value that is based on our own actual sales or sales in the marketplace. 

With our decades of experience in the business, Rabin has assembled an impressive international buyer base and we are experts at getting assets into the hands of buyers who need them.  We recover assets through liquidation sales or by auction and our services allow you to stay focused on running your business while we take care of getting you the best value for your idle equipment or machinery.  Check out our website to see what the best options are for your company or contact us directly. 

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.

Signs Your Business May Be in Trouble?

There are several telltale signs that your business may be in trouble and you sooner you accept the facts, the better.  As an owner or director of a company, it is your responsibility to stay informed of the current state of the business.  All too often companies take a passive approach and do not deal with problems quickly and aggressively enough.  Waiting until it is too late to make changes can mean insolvency/bankruptcy.   

One of the signs that your business is not healthy is failing to meet sales quotas or targeted goals for several months in a row.  Another cause for concern is not retaining current customers, while at the same time, not attracting new ones.  Continuing in this direction will eventually catch up with the business and can lead to serious cash-flow problems that create an inability to pay creditors on time and meet payroll obligations. 

Many problems companies experience can be attributed to the lack of a solid business plan.  This is the time to take a hard look at the company’s budget and go over it line item by line item.  Make sure your whole team as well as the Board of Directors are meeting regularly and really tackling the serious problems that are ahead of you.  Put a realistic plan in place and stay on course. 

On a personal note, examine your own compensation package and that of the other executives.  It may be that salaries have risen faster than the business can presently handle and they need to be renegotiated.  Communicate with the entire staff regarding the current difficulties that the business is going through and try and get them onboard to help move forward. 

Furthermore assess the company’s day-to-day operations to ensure you are running lean.  Look into selling any surplus or unproductive equipment or machinery.  It can be a good way to put more cash into the business to pay off creditors or to make strategic investments to improve the company’s outlook.  

In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Having Trouble Retaining Employees?

Particularly in today’s competitive environment, attracting and holding on to your top-performing employees can be difficult.  If you find yourself in the unenviable position of having lost too many valuable employees over the years, it may be time to examine some of your company’s managerial practices. 

Losing your best people can hurt the business.  It now means you will have to search for new employees that are equally as talented and then take the time to train them.  All of this costs the business both money and lost productivity.  Experts generally agree that one reason for high employee turn-over can be attributed directly to management.  This does not necessarily mean that you or your managers are doing a bad job but more likely that you could be doing a better job of it. 

Satisfied employees are made to feel that they are being listened to and that their needs are being taken into consideration and fulfilled whenever possible.  Good managers provide employees with the resources they need to do their job well and make sure they receive the proper training.  A business should make every effort to treat employees as a valuable part of the team and seek input from them that may be used to further the company’s success. 

Moreover it is important to have developed and then communicate the company’s mission statement and strategy to employees.  Be sure to hold frequent company meetings and encourage participation from all staff.  Additionally allow employees to feel that there is room for advancement by promoting from within the company whenever possible.   Reward employees that do stay with financial compensation in the form of pay raises, bonuses, or stock options.  If you really want to retain good employees offer competitive benefits and retirement plans. 

Remember that good managers also need to make sure that employees fully understand their responsibilities and duties and are held accountable for delivering them.  A recent survey from Gallop sums it up by saying, “The best workplaces give their employees a sense of purpose, help them feel they belong, and enable them to make a difference.”

http://www.bls.gov/spotlight/2013/tenure/home.htm

http://www.forbes.com/sites/louisefron/2013/06/24/six-reasons-your-best-employees-quit-you/

 

For over 60 years, Rabin Worldwide has been assisting companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.

While there may be some debate as to the frequency and length of time it takes, the fact is that many new businesses fail.  There are a variety of reasons for this and even well-established companies struggle to stay relevant.  According to an article in Analytics Magazine, “Of the original Standard and Poor’s (S&P) 500 List created in 1957, just 74, or only 15 percent are on the list today.”  Furthermore of the 74 that remain, only 12 have outperformed the S&P index average. 

So why do new businesses have such a high risk of failure?  Experts point to the fact that many new companies do not start out with a solid business plan.  Before turning an idea into a business, a considerable amount of research needs to be done.  The data should include information on the product’s target audience and current market demand as well as the projected potential for growth in the future.  Additionally an efficient delivery system must be developed in the early planning stage that gets the product easily into the hands of the consumer. 

 

Upfront there needs to be an honest evaluation of the kind of competition the business will face and a realistic assessment of start-up costs along with any legal requirements that must be met.  To save money, future business owners should determine if equipment can best be purchased through liquidation sales, at auction, or leased.  Also most new companies require technology so remember to include that into the start-up costs.

 

Once the business is started, be aware of overreaching by expanding too early or too large and always have a cash reserve on hand in the event of an emergency.  Keep operational cost low and do not make the mistake of paying out more than you can afford on rent and labor.  Lastly, keep in mind that some types of businesses do have an even higher rate of failure such as independently owned restaurants or tech companies.  

* http://www.analytics-magazine.org/may-june-2012/577

* http://www.moneycrashers.com/reasons-business-failing-companies/

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.

Fastest Growing Industries

Now that the worst of the recession is behind us, analysts are compiling information on which industries are experiencing the fastest growth.  Presently it appears that construction-related industries are among the fastest growing in the U.S. as illustrated in a recent study by Sageworks, a leading financial information provider.  They report that in the last year, twelve of the top twenty fastest growing private companies were all in construction fields. 

This is certainly good news for the industry and its workforce that was one of the hardest hit during the recession.  Sageworks’ figures indicate that construction on a whole saw anywhere from a 2 to 15% higher increase in growth than other privately held businesses during the same period.  The growth occurred in residential building as well as in commercial construction.  

Moderate gas prices along with growing manufacturing sectors and automobile and housing markets are working to expand the trucking industry.  Add to that the fact that construction projects are on the rise as well as a surge in mining and energy industries that increase the need for more trucking.  Computer design and other related fields are another industry that is experiencing a rise in demand.  Experts attribute some of the rapid growth to more companies looking to acquire cloud computing services.    

Ibis World, a market research firm, reports that businesses that are connected to emerging forms of technologies are among some of the fastest growing industries. They cite green technology advancements that help to improve sustainability and efficiency, and conserve resources, reduce carbon emissions and lower operating costs.  Likewise, there is a growth in industries that promote an easier access to information such as online education, social media and games, and mobile apps.  

Sources:

http://www.forbes.com/sites/sageworks/2013/12/29/industries-to-watch-in-2014-the-10-fastest-growing-fields/

http://venturebeat.com/2013/07/27/the-7-fastest-growing-industries-of-2013-infographic/

 



In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

What Are The Best Countries to Do Business In?

There are several reliable sources available that rank individual countries according to the ease in which companies can conduct business in.  The official “ease of doing business index” was created in 2001 by the World Bank for the purpose of identifying countries that offer the most favorable regulations for businesses as well as strong protection of property rights.  Wikipedia states that the World Bank’s index only measures regulations that directly affects business and is not intended to reflect the country’s quality of infrastructure, inflation, or crime.   

Bloomberg and Forbes Magazine also publish a similar yearly list that is based on their own set of criteria in order to rank countries by the best business-friendly practices.  Forbes’ current list was released in December of 2013 and relies on factors such as “property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.” 

Forbes most recent nomination of Ireland for the number one spot came as a surprise to many as they had been in the the number 6 spot just the year before.  The magazine praises Ireland for having an extremely business-friendly environment that has attracted investors from around the world.  Their low tax burden, investor protection and personal freedom coupled with a common language to Europe all work in their favor.  

Bloomberg used the following criteria to identify the best countries for their 2014 list:  “the degree of economic integration; the cost of setting up a business; the cost of labor and materials; the cost of moving goods; less tangible costs like inflation and the level of corruption; and the health of its consumer base.”  Bloomberg’s 2014 top pick was Hong Kong for the second year in a row.  On their list, the U.S. fell from second to third place based on the high cost of setting up a business. 

Sources:   

http://en.wikipedia.org/wiki/Ease_of_doing_business_index

http://www.forbes.com/sites/kurtbadenhausen/2013/12/04/ireland-heads-forbes-list-of-the-best-countries-for-business/

http://www.bloomberg.com/slideshow/2014-01-21/best-countries-for-business-2014.html#slide2

For over 60 years, Rabin Worldwide has been assisting companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more. When you need to sell assets, realize your maximum value by using the services of highly experienced commercial liquidators.