Move over spring cleaning – fall cleaning is here. Use these tips to decide if your used equipment and excess inventory is ready for auction! Decluttering your business will help get rid of unnecessary baggage and clutter. It will give you more space to use for new goals and allow you to focus on what is now important, which will lead to growth.
Tip 1: Has this item been used in the last year?
When cleaning out your business, if you find that there is equipment or inventory that hasn’t been used in over a year, it might be time to get rid of it. You want to keep items that are going to help your business grow, and if you have an abundance of items sitting around for long periods of time, they are just taking up space.
Tip 2: Will the item’s value increase, decrease, or stay the same?
If the item’s value is starting to decrease, you might want to consider auctioning it. You want to keep your business as valuable as possible and to maximize profits, so you don’t want to keep items that are losing value for too long.
Tip 3: Can it be replaced?
As time goes by, technology evolves and there are new and improved pieces of equipment available. If you have used equipment that could easily be replaced with something more efficient and durable, then it might be time to get rid of it and replace it.
Tip 4: Does the item add value to your life? Will the item improve your business' future?
When trying to declutter, it is important to maintain a futuristic mindset. You want to keep items that serve a purpose in your life and in your business. Maybe some of those items that no longer serve a purpose in your business are ready for auction.
When it is time for fall cleaning, don’t make the process too difficult. Ask yourself these four questions when trying to decide if you should keep an item or if it is time for it to go to auction. Decluttering your business will keep it organized, decrease stress levels and will give you room to expand and grow your business!