Try Bartering It may be possible to spend less and get more.

Swapping one product or service for another is a great way toavoid cash outlays and unload slow-moving inventory. Setting upbarter relationships is easy. You can directly approach anotherbusiness owner, or you can hire a commissioned barter broker-lookin the Yellow Pages under "Barter" for leads. Or join abarter club or exchange.

Bartering can be particularly useful for service entrepreneurs,who can easily swap their skills with other service providers. Oryou can barter for benefits with a local dentist or doctor.Remember, though, that the IRS considers bartered good and servicestaxable, so keep track of everything you do.

Excerpted from Get Smart: 365 Tips To Boost Your EntrepreneurialIQ

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Can't Get an Email Back? These 7 Tips Will Make Sure You Get a Response Every Time

Whether you're trying to get someone to email you back, slide out of the DM void or simply have a real human moment amid all the noise, these tips will get people to actually respond.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Franchise

Thinking About Scaling From a Single Unit to Multi-Unit Ownership? Here's What You Need to Know.

Scaling from a single franchise location to multiple units demands new systems, deeper trust and a shift in how you lead.

Resumes & Interviewing

LoopCV Applies to the Perfect Jobs for You Every Day — and It's Now Less Than $30

Apply for jobs and email recruiters with the click of a button.

Business News

Barbara Corcoran Did 'Crazy Things' to Retain Employees, From Hot Air Balloon Rides to a Free Bentley: 'We Had No Turnover'

Corcoran sold her brokerage firm, The Corcoran Group, for close to $70 million in 2001.