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News
On October 1st, 2013 the United States government shutdown due to the inability of Congress to come to an agreement regarding legislation for the 2014 budget. For 16 full days some 800,000 United States government employees were forced to go on leave without pay. Federal parks were closed and veteran services were put on hold for the duration of the shutdown. Although federal institutions like Social Security and the Postal Service were largely unaffected by the shutdown, the effect on small businesses countrywide has yet to be fully determined. However, there is a basic understanding of the ways in which…
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A common misconception of liquidation is that it’s run like a giant yard sale or a basic warehouse sale – “Everything Must Go!”. Excess inventory is put up for sale and the items get picked off by interested parties. While some businesses do resort to those types of methods, the truth is that liquidation services are much more carefully planned out and special considerations are taken before the actual liquidation takes place.
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A while back here at Ideal Trading we outlined some of the main reasons that small businesses tend to fail and go into bankruptcy thus needing to liquidate their assets and excess inventory. This time we’d like to focus more on the positive aspects of the small business world and outline some of the things that small business owners to RIGHT that enable their business to succeed and to grow.
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A poor understanding of economic changes can sometimes be a contributing factor in a small business becoming insolvent. Thousands of small business owners fall victim to over investing or trying to grow too big too fast and find themselves declaring bankruptcy and needing to liquidate the assets and excess inventory associated with their business. This is why Ideal Trading is here to offer customized solutions for each new customer.
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There are numerous reasons a group of professionals within a business will choose to dissolve a partnership and go their separate ways. Regardless of the reasons to end a partnership there are basic guidelines that need to be followed to ensure each individual party receives everything they are entitled to. A professional liquidation company like Ideal Trading can help to guide a business through this process.
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There’s the old saying, “You have to spend money to make money.” In business this is true, but how much money is too much? Businesses, not unlike individuals, can sometimes accrue too much debt. Unfortunately, these are generally the businesses that go into bankruptcy and ultimately go out of business. Learning to manage business expenses and business credit is the only way to ensure you are not overextending yourself or your business.
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In general when someone mentions bankruptcy they’re talking about voluntary or elective bankruptcy. This kind of filing comes as the result of an individual making the financial decision to make their case to the state. This could include anyone from homeowners to business owners or tradesmen. While each of these situations has a slightly different filing from the others they are all the result of a conscious and voluntary decision.
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A few months ago, here at Ideal Trading, we outlined a few of the benefits of obtaining a business appraisal. Making difficult situations easier during trying times is our main commitment to our customers. If we can make an insurance claim go more smoothly or help to facilitate the transition of a dissolving partnership or even make tax planning a little easier all with a simple business appraisal, that’s our goal.
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The term “liquidation” sometimes catches a bad rap because of its association with bankruptcy, foreclosure and/or going out of business. While asset liquidation does hold a prominent presence in these unfortunate situations, its usefulness does extend further to more elective situations. Estate sales, inheritance, moving and downsizing all fall into this category. An experienced liquidator like Ideal Trading can make any of these situations quick, stress free and seamless all while getting you the highest possible payout for your assets. What many people don’t realize is that the benefits of liquidation in these situations actually make them a better option than…
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Being a business owner has its own set of unique challenges. A business owner has to fulfill many roles to ensure the success of their small business. They have to oversee hiring and firing, finances, and customer relations as well as employee management and purchasing of liquidation company goods.
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