While not reflecting the vast majority of members, some business owners and managers do exhibit one or more of the following behaviours occasionally. As a result, they reduce the benefit that barter has for their business. Too many businesses displaying these behaviours in the system can also create a negative impression of the exchange, as well as discourage the staff at the exchange.
I have heard a number of times from business owners who are just launching or within their first year of business that “their business is not ready for barter yet”. I can’t imagine a less accurate statement.
Unfortunately many small to midsize businesses go through periods where cash flow is tight. Sometimes it is just a seasonal dip, an unexpected expense, or a customer delaying payment on a large invoice. Other times it is more systemic to the business you are in, and a larger change needs to occur in order for you to advance. In either case, barter can help you find your way!
Unfortunately regardless of industry there are times where an accounts receivable is likely not going to be collectible. Utilizing Tradebank you can collect on this debt for less than the cost of third party collections - while also potentially improving your on going relationship with that customer.
One of the most valuable assets to a business are its employees. Keeping quality employees happy and with you for the long-term can result in dramatic savings for a business in terms of lower training costs and improve customer service.
Bartering for products and services for staff incentives or rewards can be a great way to keep your team together and motivated.