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How Trading through Barter is Good For Startups

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Cashflow problems are the major reason why many startups fail. When a business first starts trading, the cashflow must be closely monitored and saved at every possible opportunity. Often this means that the business owner is reluctant to spend cash on what are deemed to be ‘nice-to-haves’. However, these ‘nice-to-haves’ are often ‘must-haves’ that the business is simply delaying paying for or acquiring until they generate enough revenue to be able to afford the expense

Often, credit is hard to come by as banks prefer to finance government, debt and big corporations. They are not so keen to support small and medium enterprises and bank credit is unreliable since it is almost never there when you actually need it.

By joining Yewtrade, a startup has access to another credit clearing facility and can generate new customers from the exchange members that are financially incentivised to trade with you – they pay with their trade pounds and so are getting a discount while the startup receives full value for their goods or service. These new customers will often become repeat customers and if they are satisfied are likely to recommend the startup to others thereby generating new cash paying customers too. The trade pounds received can then be used for the business expenses, saving cash in the business and improving the likelihood of the new venture being successful.

There are many things that can be bought with trade pounds on the network. Amongst others, those typically required by many startups include:

  • Accountancy and Bookkeeping
  • Legal Services
  • Employment and HR Specialists
  • Telephone Line Rental
  • Printing Services
  • Business Coaches
  • Graphic Design
  • Vehicle and Van Servicing
  • Office Space
  • Brand Management
  • Website design
  • SEO Specialists
  • Social Media
  • PR Consultants
  • Payment Services

If you have a Startup, then join Yewtrade today, reduce your startup costs and improve the chances of your new venture being the success it deserves

See the Cleaner and Solicitor Example for how the cleaner managed to save cash in her business and also get the legal work she required.

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Members of the Yewtrade Exchange can pay for their business expenses with their own goods and services and thereby get a large discount.

Using our barter system allows members to fill downtime in their business and so become more efficient and more profitable.

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International House
12 Constance Street
London, E16 2DQ
Phone: 07710 569375
Email: info@yewtrade.com