Try Bartering

It may be possible to spend less and get more.

Sep 10, 2001

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

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