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Why is Bartering Bad?

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Manage episode 306082887 series 2894438
Content provided by Annette Ferguson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Annette Ferguson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Bartering has been around since 6000 BC. It was introduced by Mesopotamian tribes and adopted by the Phoenicians.

Bartering is based on a simple concept: Two individuals negotiate to determine the relative value of their goods and services and offer them to one another in an even exchange. It is the oldest form of commerce, dating back to a time before hard currency even existed.

The question is, is it still relevant today? As a business owner, are you still be able to make a profit through bartering? For me, the answer is NO. In this episode, I will explain why bartering doesn't make sense in the current economic climate. Regardless of the size of your business or industry, cash is "KING", and cash is the most important element of your business' cash flow.

Enjoy listening!

Here are a few insights you’ll hear in today’s show…

  • The meaning of bartering.
  • The reasons why bartering is ineffective for business owners.
  • Bartering vs Cash

Connect with Annette Ferguson:

Website

Podcast

Instagram

Facebook Page

Youtube

  continue reading

300 episodes

Artwork
iconShare
 
Manage episode 306082887 series 2894438
Content provided by Annette Ferguson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Annette Ferguson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Bartering has been around since 6000 BC. It was introduced by Mesopotamian tribes and adopted by the Phoenicians.

Bartering is based on a simple concept: Two individuals negotiate to determine the relative value of their goods and services and offer them to one another in an even exchange. It is the oldest form of commerce, dating back to a time before hard currency even existed.

The question is, is it still relevant today? As a business owner, are you still be able to make a profit through bartering? For me, the answer is NO. In this episode, I will explain why bartering doesn't make sense in the current economic climate. Regardless of the size of your business or industry, cash is "KING", and cash is the most important element of your business' cash flow.

Enjoy listening!

Here are a few insights you’ll hear in today’s show…

  • The meaning of bartering.
  • The reasons why bartering is ineffective for business owners.
  • Bartering vs Cash

Connect with Annette Ferguson:

Website

Podcast

Instagram

Facebook Page

Youtube

  continue reading

300 episodes

All episodes

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