'Shark Tank' millionaire's coronavirus advice: Small businesses should barter to lower costs

'Shark Tank' millionaire's coronavirus advice: Small businesses should barter to lower costs

Aug 10, 2020 by Aimee Supp

It seems fitting that a trade system prevalent in the middle ages could be a timely solution for cash strapped business during this modern-day plague. The worldwide Covid-19 pandemic is forcing business owners to think outside of the box to save cash.   The problem with cash is that it’s limited. The only way to get more is to get more customers to spend more cash to get more business. Spending the cash or credit needed to acqu...

How To Think About and Classify the Many Different Types of Barter

How To Think About and Classify the Many Different Types of Barter

Jun 30, 2020

Barter is likely one of the largest and most fragmented industries in the world. It can be found in every community on the planet and yet remains poorly defined and radically misunderstood. In this article I’ll touch on some of the most common types of barter and related activities. The word barter can refer to: Directly trading items (products or services) where no money of any kind changes hands (OR) Indirectly tr...

Barter: The Overlooked Hero of the Economy

Barter: The Overlooked Hero of the Economy

Jun 7, 2020

Businesses are struggling during this economic crisis. Production capacities are decreasing, and current stock is not selling, causing liquidity problems for local companies. Throughout history, barter has been a very important tool to help people feed their families and ensure the survival of their business during economic downturns. Mesopotamia tribes were likely the starting point of the bartering system back in 6000 BC. They utilized the b...

Sustaining your business as our economy comes to a halt due to Covid-19

Sustaining your business as our economy comes to a halt due to Covid-19

Mar 23, 2020 by Warren Sager

Cash is king. During this unprecedented time, we as small business owners, need to do everything in our power to protect our businesses and take care of our families. One of the best ways to ensure your business survives is to protect your cash. In tough times, cash is king. Credit will be tightened during a recession so cutting expenses and improving cash flow should be a business owner’s focus. There are four fundamental ways that y...
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