Something Silver, a ten-store sterling silver jewelry retailer, joined BizX, a business barter network in 2004. They are known for offering the finest in silver jewelry and showcase more than 50 local and international designers. When owners, Cheri and Tony Swan, heard about the barter exchange they thought it posed a great opportunity to improve [...]
There are a number of reasons to use barter in your business and a number of benefits to being a member of a business-to-business trade exchange. When you join a trade exchange they provide record keeping, networking opportunities and the ability to buy from and sell to a group of other companies.They also provide an [...]
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 [...]
Greg Severs, owner of S&S Painting, has been a member of business barter exchange since 2002. In the following video he discusses how he has used a b2b barter exchange to grow his business. He says a trade exchange brings him business that he wouldn’t have otherwise received during his company’s slow times. He is [...]
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 [...]
In the following video, Kent Sessions, founder and CEO of iFLY, discusses how he has been able to leverage excess capacity and save cash on business expenses by being a member of a business trade exchange. iFLY is a vertical wind tunnel that provides a skydiving simulation. They offer individual sessions, team building sessions and [...]
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 Heather Popa, Account Executive I love when members are able to take full advantage of the network and use barter as a part of their continuous business model. A locally renowned wine bar was looking to save cash to increase their bottom line, so they incorporated BizX into the business and found ways to [...]
This article was originally featured in the Entrepreneurs’ Organization Finance issue of their monthly magazine, Octane. See the original article and the rest of the publication here. By Bob Bagga If your business has underutilized capacity or inventory, a smart bartering strategy can help drive top-line growth and increase cash flow. I am proud to [...]
Many people know the benefits of barter: it saves cash on expenses and allows companies to acquire products and services at their own cost of goods. But people are also very aware of the many problems that can arise when participating in direct barter. Many of these can be solved by joining a business-to-business trade [...]
