Rabin Holds Auctions for a Variety of Industries

As specialists in the industrial marketplace, we have developed relationships that bring together an international network of buyers for industrial machinery and equipment.  As such, our auctions encompass almost every industry and we typically have several auctions in one stage or another that we are servicing that span a range of industries. 

To facilitate finding the machinery and equipment your company is looking for, Rabin organizes our website so you can easily find a particular auction of interest and view upcoming ones.  Also you can search by an industry division such as Agriculture, Beverage-Bottling, Construction and Mining, Food Processing, and Metalworking among others.

Areas we offer our expertise include:

Chemical Processing	Woodworking	Pharmaceutical	Trucking & Distr.
Food Processing	Plastics & Recycling	Snack Food	Mining
Agriculture	Metalworking	Construction	Packaging
Audio & Video	Bakery	Printed Circuit	Dairy
Building Equipment	Beverage	Heavy Equipment	Confectionery
Printing & Graphics	Real Estate

An example of a Rabin upcoming auction is in our Metalworking division for the Enormous Aluminum Smelting Facility (formerly the Ormet Corporation) in Hannibal, Ohio.  This auction will be held on site as well as simultaneously online and is scheduled for November 4, 5, 6, & 7, 2014.   Interested buyers do need to register and we encourage you to read all of the payment instructions and requirements beforehand.  Registration can be done online or in person at the auction site.  You will be asked for a form of deposit and need to have a credit card.  Once that is done, you are given a bidder number.

Another auction is from our Food Processing division and is an online auction taking place November, 2014.  Items for auction are food processing and packaging machinery that is surplus equipment from the HJ Heinz GmbH, in Seesen, Germany.

As you can see, we have a diverse, international business and we encourage you to check Rabin’s site for new and upcoming auctions.  If you have questions regarding an auction, please contact us. 

Rabin 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 you with liquidation or auctions services.  

Online Bidding Strategies

Online auctions are a convenient way to access numerous auctions without spending the time and expense of traveling to each location.  Both business owners and equipment dealers have the chance to study auction items to get a sense of real values and prices in the marketplace and to comparison shop.

Since you do not have to travel to each separate auction site, it frees you up to be able to bid on only one or just a few items, and sites such as Rabin Worldwide do not charge a fee for online bidding.  Additionally online auctions provide your whole team the opportunity to get involved in the process and to weigh-in on the value that the acquisition of the equipment brings to the business.  By taking advantage of the ability to pre-bid, your company is even able to implement budget restraints and project costs more accurately.

The experts have tips on how to maximize the benefits of online auctions to get the most out of the experience.  The first suggestion is to research as much as you can about the items you are interested in buying such as age, condition, and any warranty information.  Check the Internet for similar items for help in determining value.   Be sure to read all of the information provided by the auction house carefully in advance, and if you have further questions, email them to see if they can get you more photos or information.

Well before any bidding is due to start; set a limit of how much you want to spend on the items.  Determine the worth the items have to your business and do not bid any higher than that.  Lastly before you place a bid, make sure you are aware of any additional charges or fees and understand all the terms of payment and conditions of the sale.

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.

How to Become an Appraiser

At Rabin Worldwide, we understand the importance of appraisals.  They must consistently provide asset values that customers as well as banks and corporations can depend on.  We are pleased to say our team of appraisers is one best in the business and that they have worked together for more than 25 years gaining experience in nearly every facet of industrial equipment. 

So how does one go about becoming an appraiser?  The process in the United States is regulated from state to state so it can vary.  Although in order for the appraisal process to be respected and legitimized, standards have been established.  The Appraisal Foundation (TAF), a non-profit organization started in 1987, exists for the sole purpose of advancing professional valuation.  They update “best practices as codified in the Uniform Standards of Professional Appraisal Practice (USPAP), and TAF's Appraisal Qualifications Board (AQB) promulgates minimum standards for appraiser certification and licensing.”

Appraisals are done for real estate valuations, personal property valuations, and for business valuations of equipment and machinery and even for the valuation of a business name or logo.  Presently only real estate appraisers are regulated by the state they are licensed in.  In addition, that state has the responsibility to discipline them. 

According to The Appraisal Foundation, “Most appraisers are required to have a certain number of hours of education and experience.  In addition, if an appraiser wishes to become state licensed or certified in real property or if an appraiser wishes to become “designated” by an appraiser organization, they must also pass a comprehensive examination.”   

If you are interested in finding out more, contact a professional trade organization that represents appraisers.  They will have information regarding specific courses for different fields or specialties.  After you have successfully finished your coursework, you can apply to become a designated appraiser. 

Sources:

en.wikipedia.org/wiki/Appraiser_Qualifications_Board

netforum.avectra.com/eweb/DynamicPage.aspx?Site=TAF&WebCode=TAFFAQs

 

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.

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.

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.