What are tangible and intangible assets? Tips to increase asset value
We all are familiar with tangible and non-tangible assets. Tangible assets are assets which we can see and touch. The examples of tangible assets include property, equipment and paper form stocks. They can be destroyed by fire and any natural disasters. Their value depreciates with time. Yet, you can convert them into cash anytime.
Meanwhile, Intangible assets are assets which you cannot see and touch. The examples of intangible assets includes good will of any company, identification of any personal, trademark, copyrights, business methodology. It includes logos and trademarks as well. The unseen assets cannot be destroyed by anyone. Although it takes time to develop, they remain for long time.
People at property inspection in Dubai say that you can increase the value of assets, whether it is tangible or intangible.
How to increase Assets Value
Although it is not easy to increase the value of your properties and shares, there are three ways to boost the value: envision future, invest in core competencies and strive to deliver predictable and consistent results.
Envision Future
The first way demands you to create a well-thought plan and strategy to boost the value of staocks, shares, properties or any other asset of the company. Numerous companies dedicate their ample time to create such strategies.
Invest in your Core Competencies
Apple invested a lot on their resources to make iPhone and iPod successful. They used the best machines and hardware to design the gadget and they were able to use them because they invested their money on the world’s best hardware and software.
Resources include hardware, machines, software, manpower and company policies as well. You cant use your machines well if you lack trained workers.
Therefore, the best way to increase value of asset is to invest on your resources.
Deliver Predictable Consistent Result
Your asset value will depreciate if you would deliver the qualitative service and product. The only way to boost value of your assets is to work on your services and products. Although it is time consuming to make your products better, it is the easiest way.
Intangible assets to take a lot of time to earn. It would be major challenge to keep them stable. Many people spend their half of their age to make that kind of good will for their organization and one major mistake to spoil their reputation.
So these are basic guidelines about tangible and intangible assets. Although the two are very different, you can boost their value by using these three ways. You can contact real estate valuation Dubai to know more about it.
