The current economy has caused most businesses to tighten their belts. If a business wants to be able to do something new that requires cash, then many are putting those projects on hold.
Business needs to think outside the box and be more creative. One idea is to barter goods and services. Depending on your business if you have something to offer in trade then use that to get work, consultations, goods or services from other businesses. It can be a way for both companies to benefit without using cash.
This is one way that some companies are still able to participate in charities. They might not have extra cash to donate to a worthy cause, but many businesses have goods, services or even employees to donate. http://www.usatoday.com/printedition/money/20100809/givers09_cv.art.htm
Looking for ways to trade can benefit everyone. Fundraising efforts for most charities have been hard hit. But they still have people who need their efforts. On the other hand many businesses might have goods that haven’t been sold that they could donate. In some cases companies that have employees on their payroll but are experiencing slowdowns can offer employees time off to do charity work.
It’s a great way to help out a charity and their mission. Your employees get time off of work but get a chance to give back to an organization in their community that they might have a special connection to them or their family. By giving them the time you are letting them feel good about themselves and about the company they work for every day. It can be a way to boost morale to let you retain employees during economic struggles.
Bartering might be considered old fashioned but it just might be coming back in style.
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