Building a Positive Company Culture

Building a Positive Company Culture

Creating a positive company culture isn’t just a buzzword—it’s an essential element for the long-term success and growth of any business. A healthy culture helps foster employee satisfaction, boosts productivity, and attracts top talent. But how do you cultivate a culture that supports all of this? It requires intentional effort, commitment, and a clear vision.

At the heart of a positive company culture is a set of core values that reflect what your organization stands for. These values should act as a compass for how people interact with each other, make decisions, and approach their work. Defining your core values is an important first step, and once they are set, they should be communicated consistently throughout the organization. Whether it’s through your onboarding process, company-wide meetings, or simply displaying them in the workplace, make sure your core values are visible and well understood by everyone.

Leaders play an especially critical role in shaping company culture. The behavior of leadership influences everything from the tone of communication to the expectations for employee performance. Leaders should lead by example, demonstrating the same values they want to see in their teams. This builds trust and sets a standard for the kind of culture that exists within the organization. Transparency in decision-making, empathy, and approachability are key aspects of effective leadership that help create a supportive and positive environment for employees.

One of the pillars of a positive culture is open communication. A culture of transparency encourages employees to share ideas, express concerns, and ask questions without fear of judgment. Creating open channels for feedback, whether through surveys, one-on-one check-ins, or team meetings, ensures that employees feel heard and valued. It also provides an opportunity for managers and leaders to adjust course and address any issues before they become bigger problems.

Employee well-being is another crucial component of a thriving company culture. Happy employees are productive employees, and when organizations prioritize mental, emotional, and physical health, they reap the benefits. Offering flexible work schedules, supporting work-life balance, and providing access to wellness programs can go a long way in showing employees that you care about their overall happiness, not just their output. A healthy work environment encourages employees to bring their best selves to work, which has a positive ripple effect on the entire company.

Recognizing and celebrating employee achievements is also an important part of nurturing a positive culture. Whether it’s a small win or a significant milestone, acknowledging hard work and dedication fosters a sense of appreciation and motivates employees to continue performing at a high level. Recognition can take many forms, from a simple “thank you” during a team meeting to more formal programs that reward outstanding achievements. The key is to ensure that recognition is consistent and genuine.

A culture that encourages personal and professional growth is one that employees are more likely to remain committed to. Providing opportunities for learning, whether through mentorship, training programs, or access to new challenges, ensures that employees feel they have room to grow and evolve within the company. This investment in their development not only benefits the individual but strengthens the organization as a whole, fostering a more skilled, innovative, and engaged workforce.

Of course, fostering fun and camaraderie within the workplace is just as important as all of the other elements. While work can be demanding, taking time to celebrate, laugh, and bond outside of day-to-day tasks helps strengthen relationships among team members. Whether it’s through team-building activities, office events, or just casual moments of connection, fun is an integral part of creating a workplace where employees feel engaged and happy.

Lastly, a company culture should support a healthy work-life balance. Employees need time to recharge, spend with their families, and pursue personal interests. Encouraging people to take time off, respect personal boundaries, and avoid overburdening them with unrealistic expectations is vital for maintaining long-term productivity and employee satisfaction. A culture that respects the need for balance is one that fosters loyalty and reduces burnout, which ultimately benefits the business as a whole.

Building a positive company culture is a continuous journey. It requires ongoing effort, regular reflection, and a willingness to adapt. But when a company invests in its culture, the rewards are undeniable—higher employee engagement, increased retention, greater innovation, and a healthier work environment. A strong company culture not only attracts top talent, but it also cultivates an atmosphere where employees feel motivated, valued, and inspired to do their best work.

We are always looking for new people to join our team, check out a list of our current job openings!

The Power of Data

The Power of Data

In today’s data-driven landscape, harnessing the power of analytics is crucial for any business looking to thrive. Data isn’t just numbers; it’s a goldmine of insights that can inform strategic decisions, boost efficiency, and elevate customer experiences.

Informed Decision-Making. By analyzing historical information, businesses can uncover trends and make decisions based on facts rather than intuition. This reduces risks and increases the likelihood of successful outcomes.

Understanding Customers. Analytics provides a deep understanding of customer behavior and preferences. By leveraging this information, businesses can create targeted marketing strategies that resonate with their audience.

Improving Efficiency. Analyzing operational data can reveal inefficiencies in processes. By identifying bottlenecks, companies can streamline operations, save time, and reduce costs.

Gaining Competitive Advantage. Organizations that effectively utilize analytics can quickly adapt to market changes and stay ahead of competitors, capitalizing on emerging trends before others do.

Set clear and precise goals for what you want to achieve with data analytics. Choose the right tools to utilize analytics software that fits your needs, whether it’s for customer insights or operational efficiency. This will help you with gathering and collecting information from reliable sources that align with your goals. Analyze insights and turn it into actionable strategies and continuously monitor outcomes.

The power of data lies in its ability to inform and enhance strategic decisions. By embracing analytics, businesses can unlock insights that drive growth, improve efficiency, and create exceptional customer experiences. In this era of information, leveraging data is no longer optional—it’s essential for success.

Here at Miedema’s we believe in using the data we collect to improve our marketing strategies within our auctions. We can help you market and sell your items in a timely manner! Contact us today and see how we can get you the most money by selling your items through us. 

Teaching Old Dogs New Tricks in the Auction Business

Teaching Old Dogs New Tricks in the Auction Business

Published by Scott Miedema, COO in the Industrial Auction Association Annual Publication

We have all heard of the phrase “Can you teach an old dog new tricks?” We say YES! The real question is, are you willing to learn?

Internet auctions can trace their origins back to the mid-1990s when the World Wide Web was still in its infancy. In 1995, a website called “Auction Web,” founded by Pierre Omidyar, made its debut. This platform later evolved into what we now know as eBay. Omidyar’s vision was to create an online marketplace where people could buy and sell items through a bidding system. Little did he know that his experiment would become a global phenomenon.

eBay quickly gained popularity due to its user-friendly interface and the wide variety of items available for auction. eBay also put fear in the heart of may traditional auctioneers who saw its rise as the end of their services being needed or useful in the future. The auction format added an element of excitement, as buyers competed to win their desired items. eBay’s feedback system also established a level of trust within the online community, allowing users to rate and review their transaction partners.

As an auctioneer and auction business owner, we tended to view this as a new opportunity. It was in the year 2000 I walked into my brother’s office and said if these internet auctions work so well why don’t we try it? My brother. Sid, being the trusting man he is, simply said write up a plan.  Well. we started as one of the rare auction companies at that time venturing into the world of internet auctions, and from the one company we developed to our current stable of five unique online auction companies that offer differing services to the business world and general public.  It has been a very interesting journey full of mistakes and successes.

If you recall this was a time of financial lending changes also. Many companies were getting away from single source financing and the concept of “our bank” and using alternative sources such as leasing companies etc. As a consequence many of the deals we looked at for our established financial clients now didn’t include the best assets as they were leased and typically went back to the OEM or distributor to be resold. On the other hand we would get calls for these “one offs” with sellers having to sell the assets they leased to a closed company and we didn’t have a great solution unless we had an auction that would match the assets. So the online auction was a great method to sell these single or limited assets that weren’t enough for an auction but were valuable to sell.

We dove right in and started developing a private online auction system and there wasn’t much to choose from. What was being developed had no accounting software to go with it etc. We were fortunate and things went well for our online auctions. It was a nice supplement to our regular traditional auction business.  A few auctioneers took note and in the early 200’s the NAA National Auctioneers Association) asked if we would give a speech to the group.  I gladly accepted.

I had this whole speech prepared with the finest technology powerpoint offered in that day and in July gave the speech in Colorado at the NAA convention and show. The room was packed as the topic was hot. I outlined our journey into the online auction world and keep in mind at this point very few auctioneers had ventured into this.  There were a lot of questions and I offered to stay after and answer questions. When my speech was over I was pleased to see a long line of people waiting to ask me questions. In that line I saw many esteemed greats of the auction business, even instructors from my auction school waiting.   One by one, they came up and blasted me verbally on how what we were doing was going to ruin the auction industry. Imagine how my pride and joy were shattered. The old dogs did not want to learn new tricks. Nonetheless we ventured forward. 

We continued to develop our internet auction site and business. It was a grind for sure but it was slowly gaining traction and my brother and I were thrilled at a business that offered a consistent monthly income instead of waiting for “the next deal to come down the pipe”.  In 2005, we were commissioned to sell of the assets of The Cybernet Group in Michigan. This auction and event drew huge national attention because of the level of fraud totaling almost one hundred million dollars. It was featured on American Greed and many other news stories. We chose to sell all the assets online and the response was so large we literally had to shut the auction down several times and reboot the site because our servers could not handle the traffic. But it was a success.

As internet auctions gained traction, other platforms joined the fray. Companies such as Proxibid, Bidspotter and others added to the mix offering an easier outlet for auctioneers to sell their auctions online. Websites like Amazon, Sotheby’s, and Christie’s also recognized the potential of online auctions and began incorporating them into their business models. This expansion led to a diversification of the types of items available for bidding. Today, you can find everything from rare art pieces to automobiles being auctioned online.

Advancements in technology played a crucial role in the growth of internet auctions. High-speed internet, secure payment gateways, and mobile apps made it easier for users to participate in online auctions from anywhere in the world. Moreover, the integration of artificial intelligence and machine learning algorithms has improved search algorithms and personalized recommendations, enhancing the user experience.

Now almost every auctioneer has online bidding capability in various forms, whether it be static bidding or interactive bidding sites with live auctioneers. The advent of internet auctions has undoubtedly transformed the way we buy and sell goods. Almost everyone has interacted with online auction companies in one way or the other. The old dogs have embraced the new technology and brought it to a whole new level in so many forms. 

So now what will be the next trick to teach to the “old dogs?”

Artificial intelligence (AI) is likely to have a significant impact on auctions in the future in several ways:

  1. Price Prediction: AI can analyze historical data and market trends to predict the likely selling price of items, helping sellers set reserve prices and assisting buyers in making informed bidding decisions.
  2. Personalization: AI can tailor auction recommendations to individual users based on their preferences and past behavior, enhancing the user experience and potentially increasing participation.
  3. Fraud Detection: AI algorithms can help detect fraudulent activity in online auctions, such as shill bidding or counterfeit items, making auctions more secure and trustworthy.
  4. Auction Automation: AI-powered chatbots or automated systems can manage routine auction tasks, such as answering questions from participants, handling bids, and scheduling events.
  5. Dynamic Auctions: AI can enable dynamic pricing in real-time auctions, adjusting bid increments and closing times based on bidder activity to optimize outcomes for both sellers and buyers.
  6. Inventory Management: AI can assist sellers in optimizing their inventory and pricing strategies, ensuring that items are listed at the right time and price for maximum profitability.
  7. Market Insights: AI can provide valuable insights into market trends and demand patterns, helping sellers make informed decisions about which items to auction and when.
  8. Auctioneer Assistance: AI can support human auctioneers by providing real-time information about bidding activity and suggesting strategies to maximize auction outcomes.

Overall, AI is expected to make auctions more efficient, transparent, and user-friendly, benefiting both sellers and buyers in various auction formats, Will AI replace the auctioneer completely? And would you be ok with that? So, will you be the old dog who doesn’t want to learn new tricks, much like many of the hesitant auctioneers in the early 2000’s,  or will you embrace AI as a new way to do business and incorporate it into your auction business?

Contact Us For Questions

10 Top Items Sold During 1st Half of 2023

10 Top Items Sold During 1st Half of 2023

Welcome to our blog, where we dive into the thriving world of Miedema Companies and unveil the 10 top items sold during the 1st half of 2023. Miedema Companies, a renowned and innovative auction company, has always been at the forefront of delivering exceptional products and services to its customers. As we explore their latest accomplishments, we will shed light on the diverse range of items that have captured the hearts of buyers worldwide. Whether you’re a passionate follower of Miedema Companies or simply interested in discovering the latest industry trends, this blog will provide you with an in-depth analysis of the 10 top items sold during 1st half of 2023. Join us as we delve into the world of Miedema Companies and uncover the products that have left an indelible mark on the market in the past six months.

10 Items Sold in 1st Half of 2023

2021 John Deere 6145R Tractor

2021 John Deere 6145R Tractor

Sold for $142,500.00 through Miedema Auctioneering in their Spring Hudsonville Consignment Live & Online Auction in April of 2023. Check out the other items that sold at the Spring Hudsonville Consignment Auction by clicking on the John Deere 61245R Tractor.

2013 Vermeer, D20X22 Navigator track directional drilling machine

2013 Vermeer D20X22 Directional Drill

Sold for $195,805.00 through Orbitbid in their Flier's Trenching and Cable Laying Service, Inc. Complete Liquidation Online Auction in March of 2023. Check out the other items that sold in the Flier's Trenching and Cable Laying Service, Inc. Complete Liquidation Online Auction by clicking on the 2013 Vermeer D20X22 Directional Drill picture.

2007 Kenworth T800B Flatbed Knuckleboom Crane Truck

2007 Kenworth T800B Knuckle Boom Crane Truck

Sold for $110,025.00 through Repocast in their Construction & Heavy Equipment Online Auction in May of 2023. Check out the other items that sold in the Construction & Heavy Equipment Online Auction by clicking on the 2007 Kenworth T800B Knuckle Boom Crane Truck picture.

2016 Caterpillar 950M Wheel Loader

Sold for $147,525.00 through Rangerbid in their Municipality & Consignment Equipment Online Auction in May of 2023. Check out the other items that sold in the Municipality & Consignment Equipment Online Auction by clicking on the 2016 Caterpillar 950M Wheel Loader picture.

2017 East Gravel Trailer Set

Sold for $135,025.00 through Repocast in their Construction & Heavy Equipment Online Auction in March of 2023. Check out the other items that sold in the Construction & Heavy Equipment Online Auction by clicking on the 2017 East Gravel Trailer Set picture.

2014 Haas VF-9-50 CNC vertical milling center

2014 Haas VF-9/50 CNC Vertical Milling Center

Sold for $79,600.00 through Orbitbid in their Wolverine Products, Inc. Online Auction in May of 2023. Check out the other items that sold in the Wolverine Products, Inc. Online Auction by clicking on the 2014 Haas VF-9/50 CNC Vertical Milling Center picture.

CAT D11 Crawler Dozer

2005 Caterpillar D11 Crawler Dozer

Sold for $115,000.00 by Miedema's 1800Asset.com, their Direct Sales Company, in May of 2023.

2007 Kenworth T800 Semi

2007 Kenworth T800 Semi

Sold for $77,038.00 through Repocast in their Semi Truck & Trailer. Online Auction in February of 2023. Check out the other items that sold in the Semi Truck & Trailer Online Auction by clicking on the 2007 Kenworth T800 Semi picture.

2021 Chevrolet Tahoe

2021 Chevrolet Tahoe Premier 4WD SUV

Sold for $54,875.00 through Repocast in their Weekly Thursday Online Auction in April of 2023. Check out the other items that sold in their Weekly Thursday Online Auction by clicking on the 2021 Chevrolet Tahoe picture.

2014 Fleetwood Excursion M-35B Motorhome

2014 Fleetwood Excursion M-35B Motorhome

Sold for $62,025.00 through Repocast in their Weekly Thursday Online Auction in May of 2023. Check out the other items that sold in their Weekly Thursday Online Auction by clicking on the 2014 Fleetwood Excursion M-35B Motorhome picture.

In conclusion, the first half of 2023 has been an exceptional period for Miedema Companies, as they continue to dominate the market with their top-selling items. From assets from half a dozen different industries, Miedema Companies has showcased its ability to meet the ever-changing demands of consumers. This blog has taken you on a journey through their diverse product lineup, highlighting the items that have captivated buyers worldwide.

To stay connected with Miedema Companies and explore more of their remarkable offerings, we encourage you to visit their Miedema Companies website here. There, you can discover the latest assets, stay updated on upcoming live & online auction, and direct sales assets available through Miedema Companies. Additionally, don’t forget to follow each company on their social media channels, such as YouTube, LinkedIn, Facebook, Twitter, and Instagram, to stay informed about their latest promotions, customer testimonials, and industry insights. By joining their online community, you can engage with fellow enthusiasts and be among the first to know about exciting developments from Miedema Companies.

Thank you for joining us on this exploration of Miedema Companies’ top-selling items in the first half of 2023. We hope this blog has provided valuable insights into their success and ignited your curiosity to discover more from this exceptional brand. Stay tuned for future updates and continue to embrace the remarkable world of Miedema Companies.

5 Reasons to Sell Your Construction Equipment with Miedema’s

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Are you in the construction business and seeking an efficient means to sell your equipment, trucks, trailers, and tools? Look no further than Miedema Asset Management Group! We are a comprehensive asset management and auction company that tailors to your specific needs and requirements. Let us help you achieve your selling goals with our adaptable and reliable services. 

 Here’s why you should consider using Miedema Asset Management Group:

  1. Easy & Convenient: Our auctions allow you to sell your construction equipment from the comfort of your home or office as well as offer you (4) convenient Michigan facilities. This allows for a variety of asset solutions for you, saving you time and money.
  2. Global Buyer Base: Our auctions have a wide audience of buyers from all over the country, increasing the visibility of your equipment and machinery and maximizing your chances of getting a great price.
  3. We Sell It All: Our auctions will work with you whether you have 1 piece of construction equipment to sell, a whole fleet of construction equipment and everything in between. The bottom line is, we want to help you and make the selling of your equipment as smooth as possible.
  4. Comprehensive Marketing: Our team of marketing experts will create a comprehensive marketing plan to promote your equipment and ensure it receives maximum exposure. This includes email marketing, social media promotion, and targeted online advertising.
  5. Designated Sales Contact: We have a well-resourced and knowledgeable staff that is well-versed in the construction industry. We’ll assign a dedicated sales contact to you who will act as a great advocate for your equipment and will work with you every step of the way to ensure that you get the best possible price for your equipment. You can trust our team to handle everything from listing your equipment, pictures, processing payments, and so much more.

Selling your equipment with Miedema’s is an extremely effective way to get the best possible price for your equipment with minimal hassle. Our selling platforms and database of 700,000+ registered bidders offer easy and convenient selling, access to a worldwide audience, competitive pricing, comprehensive marketing, and a trusted selling platform. We make it easy, so why wait? Contact Jameson VanDam today to discuss how we can help you!

Jameson VanDam

616-520-1854

Jameson@1800lastbid.com

Vision Statement: Being a faithful steward of all that is entrusted to us through honest, integrity, and excellence
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What Are Turnkey Auctions?

turnkey auctions

What Are Turnkey Auctions?

How they benefit both the buyer and the seller

Turnkey auctions offer a wide variety of benefits for both buyers and sellers! They bring in competitive bids for sellers and are incredibly easy way to buy or sell a whole company. Turnkey auctions are one of Miedema Asset Management Group’s specialties, and we put a lot of time and effort into these sales. Because turnkey auctions are different from the other auctions that our sister companies offer (online, live, multi-parcel etc.) we wanted to break down what exactly a turnkey auction is and the benefits that they provide buyers and sellers.

What Are Turnkey Auctions?

A turnkey auction is a complete sale of all company assets. This includes all real estate, equipment, inventory, the Goodwill/Book of business and any other assets. The buyer would essentially be able to turn the key in the lock and start running a fully operational business (hence the name turnkey).

Any turnkey auctions that come through Miedema Asset Management Group will likely be sold through a sealed bid process. Interested parties will submit one bid stating the amount that they are willing to pay for the entirety of the turnkey property. Then, after the submission deadline the bidder with the highest offer will win the property. Bidders will not have the opportunity to see what the other parties offered, nor will they be able to place a counterbid. In this manner, turnkey auctions are essentially a direct sale with a secrete competitive twist (which is why you can find theses auctions on the direct sales tab of our home page). Sealed bidding is a good way to make sure that only serious buyers participate in the auction and encourages them to make offers that reflect the true value of the turnkey property.

turnkey auctions

Benefits for Buyers

Turnkey auctions are fantastic for buyers because after the sale closes, they have a fully functioning company ready to go. They won’t have to worry about the process of setting up an office, factory, or machine shop. Transporting equipment to a new building won’t be an issue – it will be there already! If an individual is looking for an extremely easy way to start their own business in a specific industry, a turnkey auction is a great way to do just that. Turnkey auctions are especially beneficial for a company that is looking to expand their current operations. A company that is already operating will have a management strategy in place, a game plan to move forward, and industry knowledge that will allow them to take on a new location without major complications.

Benefits for Sellers

A company that has decided to close its doors has a lot to decide when it comes to how the assets will be liquidated. One of the easiest ways to quickly liquidate all property is through a turnkey auction. The seller won’t have to worry about advertising different assets to a variety of industries – they can sell everything to one buyer. They also won’t have to negotiating prices with buyers, or even interact with potential buyers at all! Plus, a company would get the added bonus of receiving cash for any intangible assets. It’s hard to liquidate company reputation for cash the way that a seller would liquidate equipment. Turnkey auctions also allow a company to recognize gain from their intangible assets that otherwise wouldn’t have a concrete monetary value.

All in all, turnkey auctions are a great way to buy and sell property. The ease of the process is fantastic from the perspective of both the buyer and the seller, along with the other benefits that we touched on. If you are interested in selling your company with Miedema Asset Management, contact us today. If you’re looking for your next investment, click the button bellow to check out our upcoming turnkey and other sealed bid auctions.

Why Financial Institutions Need Professional Liquidation Services

professional liquidation services

Why Financial Institutions Need Professional Liquidation Services

Here at Miedema Asset Management Group, we do a lot of work with financial institutions to conduct auctions across the country. So often banks and other financial institutions quickly need repossessed items liquidated to cash to repay the debt owed to the bank and other parties. Considering the number of repossessed homes, cars, and other forms of property that a bank takes in, it is important that they have a trusted partner that they can turn to that will help them recover their money. That’s where we come in!

Why Financial Institutions Should Partner with Auction Companies:

1. Get the highest selling price possible

Auctions are one of the best ways to get a high selling price. The very nature of an auction is to create a competitive bidding opportunity so that the seller to get the most out of their item. This is great for a bank that is looking to recover as much money as possible from repossessed assets – they will likely get more back than they would with a general sale!

money

2. Years of Experience

Because we have been in the industry for so long, we have a wide range of experience – selling everything from foreclosed homes to repossessed cars. This experience allows us to position an institution’s property to allow for the best visibility, marketing, and bidders. Experience is extremely valuable in this industry and is imperative for a truly successful auction.

3. Frequency of Auctions

Banks and other institutions typically need their repossessed assets liquidated as quickly as possible to pay the debts owed by the previous owner. Large auction houses host multiple auctions every week – from specific auctions for companies and individuals to general weekly sales (check out our sister company Repocast.com’s auction every Thursday!) that will give banks the quick turnaround they need. If they have enough items to sell, they can hold their own auction with us. If they are only looking to sell a few items they can also choose to participate in a general consigner’s auction. This quick turnaround is perfect when a bank needs to liquidate repossessed assets quickly.

4. Auction Houses are trusted by both sellers and buyers.

When a financial institution partners with a reputable auction house they can rest easy knowing that everything is being taken care of for them. They can trust that auction houses like us know what we are doing – from the selling process to the legal transfers of the items they never have to worry about something going awry throughout the process. It’s the easiest and least stressful way for them to sell their repossessed items. 

These are just a few of the great reasons that banks should partner with professional auction houses like Miedema Asset Management Group to liquidate their repossessed assets. If you are a financial institution interested 

trust

in partnering with us, contact us here. We want to make your auctions as successful as possible so that you can recover what is owed to you.

The Importance of Managing Your Company’s Intangible Assets

intangible assets

The Importance of Managing Your Company’s Intangible Assets

Embracing Intangible Assets in a Physical Asset Industry

Tangible assets are extremely important and are the main driving force for much of our business as well as our client’s companies. From tractors and combines to excavators and drill presses, heavy machinery and equipment are typically pegged as our client’s largest assets. However, it’s important to recognize that a company must consider a lot more than just its physical equipment when managing its assets. We’ve touched on tangible assets before, but we now hope to show you how to look at your tangible and intangible assets as a whole in order to advance your company.

The overall market has been shifting to place a greater emphasis on the overall value that an organization can bring. A lot of this value is derived from a company’s intangible assets. Intangible assets include anything that is of value to a company and its clients that cannot easily be sold or have a monetary value assigned to it. Some examples would include a company’s goodwill and reputation, patents, copyrights, trademarks and brands. Behind goodwill and reputation are a company’s customer service, sustainability, social policies and charitable causes. These qualities provide a lot of additional value to potential clients, and can impact their choice when deciding which company they hire for their job or project.

In several of the industries we serve (agriculture, construction, tool & die etc.) it can be easy to get caught up looking at tangible assets. This isn’t a bad thing, in fact it’s extremely important for your organization. However, you need to take a step back and evaluate all of your assets together – including your intangible assets. In the same way that you perform maintenance on your equipment, you will want to evaluate your intangible assets and see what you can be doing to improve them or better understand their value if you are auctioning off your entire business. This might look like volunteering an unused field on your farm for a community event, hosting a field trip for a local school to teach kids about your industry, or simply acting as a sponsor for a charity that reflects the values of your company. Investing in the continuing education or certification of your employees shows both your employees and clients that you care about your people and that you want to make sure that they are up to date on best practices to serve your clients to the best of your abilities. Not only will these activities increase the goodwill of your company, some will also act as great marketing opportunities!

intangible assets

As industries continue to shift and client expectations change, you will have to step back and look at how your intangible assets help your company operate and provide value to your clients. You will want to make sure that you increase your efforts in managing your intangible assets in order to meet your customers’ needs and continue to stay relevant in your specific industry. 

If during your revamp you find yourself needing help managing your physical assets – contact us! We have years of experience and would love to assist you in any of your asset needs.

The Top Assets in Your Industry

tool and die

The Top Assets in Your Industry

Here at Miedema Asset Management Group we serve a wide variety of industries. We’ve been around for a while, so we are familiar with the machinery and equipment that are used across the board. Each piece of equipment is an invaluable asset for your company. They perform the grunt work of your production, working hard to make your operation as profitable as possible. Below are just a few of the top assets in the construction, agricultural, and tool and die industries.

Construction equipment
too and die equipment

It is incredibly important that you recognize which of your assets are the most valuable for your company so that you can properly manage and perform maintenance on them. Dedicating your resources to your prized pieces of construction, agricultural or tool and die equipment will allow them to last longer, perform better, and will save you the cost of having to replace them more frequently than you want to – after all, these pieces of machinery are incredibly expensive and eat up a lot of your capital.

Of course, you will eventually come to a point in time where you are looking to upgrade your tool and die equipment. Depreciation is inevitable and as technology advances you will want to keep up with the times to remain productive and competitive in your market. A great way to gain the capital for these new upgrades is to sell of your machinery and equipment. Our auctions bring in a pool of loyal bidders that are ready to bid on your equipment. Auctions will often bring you a higher bidding price than you would get in a traditional sale, giving you more money to purchase your new equipment. On the other hand, if you are looking for additional machinery to expand your operations or to replace an older model, our auctions offer a wide selection of machines. Contact us if you have any questions about buying or selling your equipment with us.

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Commercial Liquidation Solutions You Can Trust

Commercial Liquidation Solutions You Can Trust

Count on us for your commercial asset liquidations

If we know one thing, it’s asset management. It’s in our name for goodness sakes! We know that the commercial liquidation process can be a difficult process to manage, so we work to make sales easier and more profitable for our clients. We are the commercial liquidation solution that you can trust for your company, whether you are restructuring, selling, or simply need a valuation of your assets.

At one point or another it is likely that you will need to liquidate some of your fixed tangible assets for liquid cash. We are sure you have heard that everything your company owns is an asset, but we want to help you make sure that you are truly taking all your assets into account. We will come in and do a full assessment of your business, cataloging all your equipment and machinery in order for you to have a better understanding of your company’s assets. We will be able to tell you which of your items has value, so that you know what you can expect to sell off.

Once we have figured out exactly what assets will be sold in your commercial liquidation, we will do all we can to make sure that your equipment sells for the highest price – bringing you the greatest profits to sustain your company, fund your future business endeavors, or simply pay for your retirement trip to the Bahamas! When cataloging your equipment for the sale, we will take photos from every angle to present to the buyers. Afterall, many of our loyal bidders are around the country and might not have the opportunity to view all your equipment in person. We will also create accurate descriptions for each piece of machinery, listing the working condition along with any maintenance records and other information that is available. This will help keep buyers informed so that they can understand the true value of your equipment. We have a great marketing team that will evaluate how to best present your auction or direct sale to our pool of loyal bidders in order to appeal to those most likely to purchase your items. Afterall, you want as many people possible to know about your auction and want to bid in it!

commercial liquidation solutions

Which brings us to the next point – how you choose to sell your equipment. While your mind might jump to a traditional sale, our experience has shown us just how much an auction can do for your commercial liquidation. Auctions allow bidders to come in and place their own bids, allowing them to dictate the price and feel confident about what they want to purchase. As a seller, bidding is great because buyers will go back and forth with each other, driving up the price as they compete to win the equipment. Auctions allow you to bypass the hassle of a traditional sale as well! We sit down and do all the work for you, cutting out negotiating with buyers and contemplating the best way to move the equipment. You get to sit back, relax, and see the bids come rolling in. On the other hand, we do offer direct sales which might be a better option for your company depending on your liquidation needs. We will evaluate the best type of sale for your business once we have a better understanding of your assets.

We strive to bring you the best commercial liquidation solutions so that your company can recover the value of your assets quickly. We have worked in the asset management world for a long time and strive to provide you with honest and accurate valuations, an easy selling processes, and great customer service. We will work with any sized company in any industry, because we know that regardless of what you do, you will need trusted commercial liquidation solutions at some point. As the years have gone by, we have designated each of our sister companies to focus on specific industries and selling processes so that we can do our job even better. If you need to liquidate any of your assets, contact us to see what we can do to help your company. We can’t wait to provide you with a commercial liquidation solution you can trust.

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