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Topic: Bartering

Member Spotlight | Bartering | BizX Community

Bartering Provides an Extra "Spark" for Winery

September 16, 2022 | Written by BizX

When Chris Sparkman was getting his new winery off the ground alongside his wife Kelly, he remembered something that had helped boost a restaurant he was running earlier in his career.

This restaurant was not in the strongest cash position and wasn’t performing like it had hoped due to the 2008 recession, so Sparkman and the team brought bartering into the mix via the BizX network, building some new operations around services the community could provide. A few years later, they were a highly successful restaurant and remain so.

Hoping to replicate this success at his own winery, Sparkman incorporated bartering into Sparkman Cellars, helping the winery’s cash flow by using its own products to pay for needed products and services. Not only that, but he also noted how trading through BizX led to other community members turning into new customers.

“It’s about finding creative ways to manage cash flow, in addition to the great connectivity and marketing value,” Sparkman said. “We probably haven’t even fully explored all the services that are available.”

The COVID-19 pandemic has led Sparkman to value its cash flow to an even greater degree but also to undergo more than $100,000 in construction and interior design work with help from the BizX network. Through this period, the Sparkman Cellars team has found that bartering can be the perfect tool for two businesses that might otherwise be struggling.

“We’ve been able to use BizX to engage with some prominent restaurateurs who are in the same boat, trying to paddle upstream,” he said. “We are trying to get things done in an intelligent and creative way, and expanding your network to include these types of people is always a good thing.”

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small business | Bartering | Business Resources | Leadership

How Business Owners Can Prepare for the Probable Recession

July 27, 2022 | Written by Bob Bagga

The signals are mixed.

Job growth remains strong, and freight flows where decline is a leading indicator of recession. But gas prices are at all-time highs. There is a war in Europe for the first time in more than 50 years. And inflation is strong and persistent for the first time in 40 years. Rising rates are cooling the housing market. The fact remains that eight of the last nine times the Federal Reserve raised rates to combat inflation, it resulted in a recession.

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Using BizX | Marketing | Money | Bartering | B2B | BizX Education | Success Stories

How Gene Juarez Turned BizX into Cash

May 23, 2019 | Written by Daniel Kosh

BizX enables business owners to turn their spare capacity into value. Empty tables, unbooked hours, empty hotel rooms - all swapped for BizX dollars, a currency redeemable at any of our 6,700+ business members. How BizX members spend their new revenue varies and is driven by their business & personal priorities, but there is one priority that is more common than the rest. GROWTH.

One of the best ways to utilize your BizX is to grow your top line by investing in media. And in case you don't make it to the end of this article, fill out this FORM and we'll reach out to you to help build your media strategy. Read on!

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