10 Reasons Why You Should Sell Your Surplus Assets
1. It is Surplus which means you don’t really need it now or into near future. It could be a few machines on the shop floor, the extra pens, phones and laptops at home or the many things in warehouse or garage.
2. By selling the Surplus you generate cash to buy what you really need, thereby freeing up blocked capital.
3. The longer it remains un-used, the lesser value it retains. Machinery, IT Assets never increase in value. After a point you will have to pay for removal and disposal.
4. Think of indirect cost your are incurring for storage space, security, maintenance and still not using it. It is wise to cut down the costs.
5. Invest the proceeds from selling Surplus to acquire core assets, which are useful to you in short to medium term. Make your capital give returns.
6. When the useful life of an asset is stretched by selling, the global carbon footprint is lowered.
7. No need to maintain spares and resources for an asset which you are not using. You can rationalise your asset base.
8. Your investors, suppliers, associates & bankers will appreciate if you are asset lean and will provide you more resources for expansion and growth. Balance sheet will be healthy and ratios look smarter.
9. Money recovered today is better than expectation of getting twice that amount into future from unproductive assets.
10. Someone who needs the assets more than you, gets to use them productively.
Have a look at the assets around you. In the factory, office, home and around you. More than 5% is Surplus.
About the Author:
Manoj Kumar is Director at Apex Group (Leading online machine tool auctioneer) with 17 years of experience in challenging leadership roles. He has proven track record of forging strong CXO level relationships and has a blend of Corporate & SME experience, working across Americas, Europe, Africa, Asia – Pacific.
