{"id":12406,"date":"2010-12-08T20:59:09","date_gmt":"2010-12-09T01:59:09","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/using-auctions-to-free-up-cash\/"},"modified":"2022-12-29T04:01:23","modified_gmt":"2022-12-29T09:01:23","slug":"using-auctions-to-free-up-cash","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/","title":{"rendered":"Using Auctions to Free Up Cash"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>In an October blog post titled \u201c<a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/10\/06\/auction-appraisals\/\">Auction Appraisals<\/a>,\u201d we discussed the possibility of certified machinery and equipment appraisers (CMEAs) conducting appraisals for auctions. In that post, we said that auctions are a simple and fast way to sell equipment in the event of a business failure. But there\u2019s another occasion when an auction could be a smart move for a business owner.<\/p>\n<p>Over the last couple of years, many businesses have experienced slowdowns, but aren\u2019t failing. In this scenario, it could be a smart business move to auction off equipment that isn\u2019t being used or is no longer needed because of changes in the business. Selling unused equipment allows the owner to free up cash to invest elsewhere in the business. If you\u2019re a business owner interested in making this type of decision, contact the NEBB Institute to find a <a href=\"http:\/\/nebbinstitute.org\/members\/search.php\">CMEA in your area<\/a> who can facilitate the process for you.<\/p>\n<p>The <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.org\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In an October blog post titled \u201cAuction Appraisals,\u201d we discussed the possibility of certified machinery and equipment appraisers (CMEAs) conducting appraisals for auctions. In that post, we said that auctions are a simple and fast way to sell equipment in the event of a business failure. But there\u2019s another occasion when an auction could be [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[91,78,35,37],"class_list":["post-12406","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-auctions","tag-machinery-equipment-appraisal","tag-nebb-institute","tag-nebbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Using Auctions to Free Up Cash - NEBB Institute<\/title>\n<meta name=\"description\" content=\"The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using Auctions to Free Up Cash\" \/>\n<meta property=\"og:description\" content=\"The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-12-09T01:59:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T09:01:23+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Using Auctions to Free Up Cash\",\"datePublished\":\"2010-12-09T01:59:09+00:00\",\"dateModified\":\"2022-12-29T09:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/using-auctions-to-free-up-cash\/\"},\"wordCount\":387,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"auctions\",\"Machinery &amp; 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