Some business owners think that they can only use TRADEdollars for business expenses.
While it is true that Tradebank can help you cover business expenses and advertising that can drive more Canadian dollar business to you - it is also true that TRADEdollars can be used to enhance your lifestyle...or if your business is having cash flow difficulty, you can maintain your lifestyle on trade and flow cash back into your business.
As the owner of Tradebank Simcoe County, I’m a pretty big barter advocate. This isn’t something new for me – I’ve been trading my whole life! Hot wheels in the driveway, school lunches (I was a master at swinging trades to get those Chocolate Wagon Wheels that Mom would never buy us), hockey cards. You name it, I probably traded it as a kid!
Many people barter through their business already, but these are usually one off transactions. Most of the time people who barter in their lives already are ideal people for an organized barter system. They already know how it works! Not only that but they will already fit the type of person that barter works for.
Barter has been around forever. From kids on the playground, to farmers, to business owners, at some point everyone has bartered or traded something. For the most part, it's pretty straight forward. You have something someone else wants, they have something you want. Done deal. But it's not always so simple.
You own a restaurant and you want new carpet, but the carpet store doesn't want a couple thousand dollars in gift certificates to your establishment.
What to do?