Every year hundreds of small business owners in the USA and Canada are retiring or closing up shop and moving on to the next phase of their life. While many of these businesses are able to sell themselves to a larger company or competitor, or perhaps they have a successor lined up to take the reins. It’s not always clear what happens when there’s no one ready to take over and run your business. This is a much more common problem in the year 2022 than it was 20-30 years ago. The hands on, machinery, manufacturing, “blue collar” type skill set is becoming rarer with each passing year. It’s shocking to see that many of these businesses, while very profitable, end up closing their doors for good when the primary owner retires, but that’s the reality we live in now. So, what do you do with all that machinery and equipment … [Read more...] about Closing? Setting a Strategy to Sell All Your Inventory at Once
Industry News
The Vanishing Machinist: A Looming Crisis in Machine Shops
When some people (of a certain generation) think of an iconic image of the American manufacturing worker, they conjure up a picture of Rosy the Riveter, that hallmark of WWII who kept US industrial production going when men of the finest generation the world has ever seen went off to defend freedom and liberty for all of mankind. But we would like to propose that just an important an icon of American production, the machinist, deserves a seat with Rosy in the Hall of Fame of manufacturing. And no, we’re not referring to Christian Bale in the namesake psycho-thriller from 2004, but everyday machinists. Once the backbone of the US industrial sector, these skilled workers, masters in the arts of metalworking, machine repair, and maintenance, are gradually fading from the workforce. Machinists are trained, not educated. A machinist … [Read more...] about The Vanishing Machinist: A Looming Crisis in Machine Shops
New vs Used Electric Motors: Which is Right for You?
Choosing between new and used electric motors involves more than just comparing price tags. It's a decision that impacts not only your immediate budget but also the long-term efficiency and reliability of your machinery. Whether you're running a small workshop or managing a large industrial operation, understanding the pros and cons of new versus used electric motors is crucial in making an informed decision that aligns with your operational needs and financial constraints. Benefits of Used Electric Motors Purchasing used electric motors vs new offers several advantages, especially for businesses looking to balance cost-effectiveness with performance. Key benefits include: Benefits of New Electric Motors Opting for new electric motors brings distinct advantages, ensuring that businesses are equipped with the … [Read more...] about New vs Used Electric Motors: Which is Right for You?
Top 8 Mistakes to Avoid when Selling Machinery Online
Are you facing trouble while trying to sell machinery onlinebecause you think the market is unprofitable? That's not true; selling machinery online is a great business considering it provides the vendors a chance to earn a greater profit. Companies have ever-changing schedules, and providing them with good-quality machines for the right price can bring you more clients quicker than you think. There's a long list of clients, especially in the industrial sector, that you can attract. Since selling machinery online is accessible to buyers worldwide, you have a greater chance of making more sales. Top 8 Mistakes to Avoid when Selling Machinery Online Despite the amazing potential of the online market for machinery and other equipment, you might still need help selling your machinery online. There are various reasons why you might … [Read more...] about Top 8 Mistakes to Avoid when Selling Machinery Online
Sell Your Used Equipment Online Faster with these 8 Tips
Are you planning to sell machinery online, considering the market opportunities available? It's a great option but may be more complicated than you think. Selling your used equipment online can prove to be quite profitable, but it may require some expertise and selling experience. In most cases, a person or company selling equipment may only see profits if they know the right tips. We recommend following some top methods to save you from this sales slump. Several professionals in the equipment industry provide these machines for sale, which makes it harder for you to succeed as a brand. Tips for Selling Equipment Online Faster It's understandable if you need help selling your equipment online quickly. It's challenging to thrive as a new seller in the industry, but the following tips can help you make it easier. 1 - Research … [Read more...] about Sell Your Used Equipment Online Faster with these 8 Tips
