Inventory management is a big part of running a successful business. But sometimes overstock is unavoidable and businesses have a choice to make regarding what to do next. One option that’s a win-win is donating those items to a charitable organization—like the Twin Cities Habitat for Humanity ReStore.
The ReStoration Corner
There are many reasons that organizations can wind up with too much inventory. There are also many reasons why too much inventory is a bad idea. For starters, excess inventory takes up your finite retail or storage space--whether that’s shelves on a showroom floor or in the back room. Additionally, that inventory costs money. Capital was invested in whatever the excess inventory is, and that capital is now unavailable for other necessary inventory or additional business reinvestments.
As the weather starts to turn cold and you begin moving all of your outdoor summer items inside to store for the winter, it’s a good time to think about getting your garage clean and organized. Let’s face it, decluttering a garage can be a daunting task. It can be easy to just shove stuff wherever you can find space. But there are steps you can take to make the best use out of this storage area. Here are 4 tips to help make the process go smoothly and free up space in your garage.
The ReStore is your place to shop for the best deals on building materials and to get the creative juices flowing for your next upcycle project. From donating building materials to shopping for them, make the ReStore your next stop!
It can come out of nowhere – the dishwasher stops washing, the water heater isn't heating, or the fridge quits cooling. All appliances have a life expectancy. And there are signs to look for that can help you prepare and plan out your appliance purchases to avoid some of those unwanted surprises. Here’s a look at the average lifespan of your refrigerator and other household items, along with some hints on how to tell they're getting too old.
Looking to upgrade your tool box but don’t have anyone to pass your oldies down to? Never fear! The Twin Cities Habitat for Humanity ReStore is one of the few places that take used tools donations. You may ask, “there’s no way you take everything – so what’s acceptable to donate?” Well, this blog is the answer to all the questions you could have related to hardware and tools at ReStore.
Are you updating your home but are not sure what to do with your old furniture? Thankfully, Twin Cities Habitat for Humanity ReStore home improvement outlets are a great option for furniture donation and upcycling tips.
When you are replacing your appliances, what do you do with your well-functioning old ones? Twin Cities Habitat for Humanity ReStore home improvement outlets would love to help find your old appliance a new home, with the resale of the appliance benefiting Habitat for Humanity. Before you donate, however, know what is and what is not accepted at our Habitat ReStore locations.
As a business owner, you know how important it is to keep your office functional, comfortable, and up-to-date. That means you need to buy new office furniture from time to time. But there’s just one problem with purchasing new furniture. When it arrives, you're left with all the old furniture. So, how do you get rid of those old furnishings? Donate them, of course! You might be asking, "Where can I donate my business furniture?"
Turns out, there's actually a few different organizations that accept business furniture. Here's everything you need to know.
One of the benefits of making a donation to a nonprofit is the ability to claim a tax deduction for your donation. But how much can you claim? When donating used items, that can get tricky. Gently used items don't exactly have price tags on them anymore, and they lose value as soon as they are used, so you can only claim the resale value.
On top of that, the IRS does not allow nonprofit organizations to set the value of your donation, the donor must assign that value. So, how much are your donation items actually worth? Here are reasonable ranges to use as guidelines for items commonly donated to the ReStore using our Donation Value Guide.