Barter (A Secondary Capital) Needed By Entrepreneurs Worldwide
January 31st, 2008 · by Bob Meyer · No CommentsThe published results of the sixth annual Global Entrepreneurship Monitor showed that “Seventy-three million people across the globe are either nascent entrepreneurs or own or manage a young business.”
The Global Entrepreneurship Monitor report, directed by the London Business School and Babson College, is the largest annual measure of entrepreneurial activity worldwide, spanning 34 countries and a total labor force of 784 million people. (The report said that 11.3% of the U.S. adult population were entrepreneurs while in the U.K. the percentage was 6.3%, and in Germany 4.5%.)
Entrepreneurs are the backbone of the world economic community. Yet many failures are due to lack of capital. If the world expects to survive and prosper economically it needs to increase the availability of capital to the undercapitalized global entrepreneurial community.
And that may well be the most valuable service the commercial barter industry can provide to millions of entrepreneurs—showing them the way to use their products and services as a secondary form of capital… either trading direct or on an indirect basis, where an entrepreneur receives trade dollars, when selling into a trade exchange.
The barter industry has made substantial progress over the decades, but viewed in the larger context of what’s possible it can be safely said that we’ve barely scratched the surface of the incredible possibilities!
More importantly, while there are some 500,000 or so companies now bartering their products/services globally through the world’s 800 trade exchanges. The business model needed to build a critical mass of clients/members, which will number in the millions, however, is yet to be created. There is a lot of work yet to be done.
BarterNews web site has a “Secondary Capital” section, see: CAPITAL
This entry was posted on Thursday, January 31st, 2008 at 1:31 pm and is filed under Entrepreneurs & Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
