Managing Your Barter Economy
In This Chapter
◆ Putting trade dollars into circulation
◆ Protecting your exchange from bad debt
◆ Understanding hard dollar vs. soft dollar
◆ Generating trade to cover bad debt
◆ Don’t eat the poison apple
By now, you’ve already decided to start a trade exchange of your very own. Before you call on your first account or do your first trade, you’ll want to put in place the policies and procedures to make sure your exchange will be economically sound. Running a trade exchange is serious business. Your members have put their faith in you, and your trade dollar.
Not all trade exchanges manage their money the same. Some exchanges have dollars that are “harder” than others. Most agree if lines of credit are too ...