Although auctions and estate sales can have a lot in common – namely their end goal to dispose of a determined lot of property – each has its own unique approach that can be beneficial depending on each unique situation. In order to know which method is best for a situation you can speak with a local liquidation company like Ideal Trading or read on to learn the differences between these two different sales methods.
Read More »Liquidation is sometimes a necessary component of business bankruptcy. However, there are a number of other ways that liquidation services can be utilized that have nothing to do with insolvency or filing for bankruptcy. Because liquidation services are so often used for business closeouts there are a number of misconceptions about what liquidation services actually are and how they can be used in positive and helpful ways.
Read More »Arriving at the decision to declare business bankruptcy is never taken lightly. The process comes with all sorts of reservations and thoughts like, “Isn’t there something more I can do?” or “Where did it go wrong?” Every effort is made to save the business, but sometimes even the best efforts aren’t enough and liquidation becomes necessary. While this may make some feel like they’ve failed, it’s important to remember that even major corporations and entire countries have declared bankruptcy throughout history.
Read More »Whether you’re moving to a new home across the country or just a few towns over, the logistics of getting all of your things from one place to another can feel cumbersome. There are three key questions about your move that should be answered in order to know just how to approach the moving process. “What is the final cost to transport all of my belongings?”, “Is the new home big enough to hold all of my belongings?” and, “Am I under a time constraint?”
Read More »If you’re ready to retire or simply call it quits from your small business but can’t find anyone to buy your business, walking away can be challenging. You may be physically, mentally, and emotionally ready to close up shop, but if the decision doesn’t seem to work financially, it’s time to review your options. If selling the business isn’t going as planned you can always consider working with a professional liquidation company.
Read More »Starting a business is difficult in its own right, so it should come as no surprise that starting a business after having filed for chapter 7 bankruptcy, comes with its own unique set of challenges. Having said that, businesses in the United States fail all the time and business owners start over just as frequently. This goes to show that although there may be more hoops to jump through after an initial business failure, it is certainly not impossible to start over after bankruptcy.
Read More »A while back we featured an article on Causes of Bankruptcy in a small business. Some of the reasons listed were: lack of experience, poor location, poor management of growth, and unnecessary use of business funds. Since this last factor, mismanagement of business funds, can speak to numerous facets of a small business failure we wanted to expand on it further.
Read More »When managing a business, there are always situations to avoid when it comes to stock, excess inventory, and equipment. Each new season, many businesses find themselves in the same situation of having left over or excess inventory from the previous season taking up space on their shelves or in their warehouse. These overstocks need to be disposed of in a timely fashion in order to make way for new incoming inventory.
Read More »When hiring a company to provide a service there is always a little bit of apprehension especially if the service offered is not a process you are familiar with. Doing a little research on the subject first can help to set your mind at ease when choosing the right company in which to give your business. In that vain, Ideal Trading Liquidation Company would like to take the time to educate potential customers on the ins and outs of the liquidation process from start to finish.
Read More »There are several reasons to liquidate a set of goods that have nothing to do with bankruptcy. Although liquidation is a timely and beneficial way to unload items due to bankruptcy, its benefits extend further than this particular application. For years, business owners have been taking advantage of the benefits of services offered by liquidation companies in NJ, such as small business appraisal, auctioning, and sale of excess inventory.
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