The third element to managing a barter economy is the company’s currency deficit. A deficit is the amount by which a sum of money falls short of the required amount. In a national economy, it is the difference between government spending and the total revenue from taxes. This same principle applies to the BizX economy. [...]
Another key element in managing a modern, sophisticated barter economy is the velocity of the economy’s currency. Just like in a national economy, constant spending is largely associated with economic strength. Having an active economy means people value their exchange’s currency, they are willing to accept the currency and they have valuable places to spend. [...]
In the barter industry, it is not uncommon to hear barter dollars referred to as “funny money,” which often implies that it is not a legitimate currency and that the barter economy is properly administered. In reality, the complexities and considerations associated with managing a modern, sophisticated barter economy hold many similarities to managing a [...]
By Michael Sheppard, BizX Account Executive Just like any business purchase, making a barter purchase requires planning and strategy in order to get the most out of the barter network as possible. Having open lines of communication with your Account Executive and letting them know everything that is going on in your business and everything [...]
Often barter is seen as an ancient method of paying for goods and services where two individuals swap to receive what they need. Today this type of direct barter has been updated to a more sophisticated system, which allows for complex trading. It exists in conjunction with modern monetary systems and is part of many [...]
Barter can make it easier to give to your charity of choice, by offering an alternate way to donate. Many companies make charitable contributions, but many companies don’t realize that these contributions can come in the form of barter dollars as well. Companies pay taxes on barter dollars at the end of the year, just [...]
Uncollected debts are a stressor for many businesses. Companies depend on prompt collection of accounts receivable in order to maintain a successful business. But most companies expect there will eventually be uncollected debts that need to be written off. Uncollected debts affect the company’s bottom line and considerable action should be taken to collect these [...]
Recently there has been a rise in the presence of bartering services. It make sense that in an economic recession, people are looking for ways to make these types of transactions. Individuals and companies still want the products and services they need, but without spending their precious cash. When many people think of barter, they [...]
Company or personal moves are a time-consuming and expensive task. Reasons for a company move or a personal move can vary greatly, from needing more space, needing less space or needing more amenities. But regardless, moving for any reason requires a lot of planning and often a lot of cash. Anyone who has ever had a personal [...]
By Cassidy Shore, Account Manager Whether you are going out on the town with friends or family or entertaining important business clients, barter can provide a lifestyle upgrade and can help grow a business in the process. With a number of shows and packages available through barter, members of a trade exchange can purchase many [...]
