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March 19, 2013 Written
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
03/19/2012
Venetian Resort Hotel Selected For IRTA�s 34th
Annual Convention
The thirty-six story, all-suite, five-star world renowned
Las Vegas Venetian Resort Hotel will be the venue for the
International Reciprocal Trade Association�s 34th
Annual Convention. The upcoming event will be held in six
months, September 19 through the 21.
To register or for more information,
click here.
What�s
Needed For Retirement?
According to a new study by the Employee Benefit Research
Institute, if you don�t have a company pension coming,
you�ll need to save eight to twelve times your annual income
to ensure a comfortable retirement. The institute found that
just 22% of households, with workers aged 55 to 64, had
retirement savings of more than $250,000.
Writer�s Answer Not The Usual One
The column Money Talk by Liz Weston, which appeared
in the Los Angeles Times Business Section on March
17, provided a different look to the age old question of
buying a home versus renting.
Here�s her answer:
�You would think the recent economic unpleasantness would
have cured people of the idea that homeownership is right
for everyone all the time. In reality, much of the financial
benefit of homeownership comes from the �forced savings�
aspect of paying down a mortgage. Homes do tend to
appreciate in value over time, but on average the
appreciation usually doesn�t exceed the overall inflation
rate.
�Plus, homes are expensive to own and maintain, which can
dramatically reduce the return on your investment.
Investments in stocks and stock mutual funds probably will
give you a better return over the long haul, and you�ll
never have to buy a new roof for them.�
Another Dramatic Change Due To Technology
Thirty years ago, nearly half of 16-year-olds had a driver�s
license � their passport to independence. By 2010 that
figure had dropped to 28%, according to research from the
University of Michigan. The cultural shift is largely the
result of technology that keeps teens connected to one
another and the coolest new stuff without ever getting into
a car. The research, in short, deduces that the Internet has
made the freedom that comes with a license anticlimactic.
Carmakers are worried and quickly shifting their priorities.
In the past, it was about horsepower and torque. Now it�s
about technology, connecting to smart-phones, and fuel
efficiency.
Entrepreneur�s Never Short On Ideas
Two Silicon Valley entrepreneurs, frustrated by the shortage
of visas that keep some of the world�s brightest science and
engineering minds from building companies on dry land, have
hatched a plan labeled Blueseed. Their strategy is to build
a start-up colony in the Pacific � by parking a cruise ship
12 nautical miles off the coast of Northern California in
international waters. Foreign-born entrepreneurs would live
and work on the ship, building start-up companies within
commuting distance of Silicon Valley.
Under the conditions of living off-shore, foreigners
wouldn�t need the work visas that are so hard to come by.
Instead they would get business tourism visas that would let
them ferry back and forth to Silicon Valley once or twice a
week.
Blueseed�s current plan is to lease (not buy) a cruise ship
that could house 1,000 entrepreneurs plus crew. The ship
would have cafes, a gym, co-working space, ship-wide
high-speed Internet access, medical professionals, and a
private security force. Entrepreneurs could share a cabin
for $1,200 a month or get their own for $1,600. They would
also hand over a 6% equity stake to Blueseed. The founders
are hoping to cash in when the entrepreneurs introduce the
next Apple or Facebook!
All
back issues of "From the Desk...� can be accessed by
clicking
here.
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free to forward our newsletter to your friends and
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See you next week. . .) |
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ITEX Reports Second
Quarter Earnings
ITEX Corporation (ITEX),
a leading marketplace for cashless business transactions in North
America, has filed its Form 10-Q with the Securities and Exchange
Commission and announced results for its fiscal 2013 second-quarter
ended January 31, 2013.
Second quarter 2013
results as compared to second quarter 2012, are as follows:
-
Income from
Operations increased 76% to $499,000, compared to $283,000.
-
Earnings per share
increased 17% to $0.14, compared to $0.12.
-
Revenue decreased 6%
to $3,960,000, compared to $4,229,000.
-
SG&A expenses
decreased 34% to $368,000, compared to $558,000.
-
Cash increased 27%
to $2,461,000, compared to $1,942,000 at fiscal year-end July
31.
-
Paid a $0.04 per
share cash dividend.
Subsequent Event
On February 26, 2013,
the Board of Directors of ITEX Corporation announced a 25% increase
in the Company's quarterly cash dividend, to $0.05 per share,
payable on March 20, 2013. The annualized dividend yield based on
the average closing price of ITEX's stock for the trailing 12 months
is 5.43%.
For more information on
ITEX, click here. (www.itex.com)
Is Your Trade Exchange Missing Out On
Valuable New Business?
If
your barter company�s listing on BarterNews.com isn�t current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic � with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly �Tuesday
Report,� and the �Contacts
Section� of our site. They use the latter to find barter
companies with which to do business.
Is
your barter company�s listing up-to-date?
To
keep your listing current is very easy. See the links below to (A)
update any changes to your company�s listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here�s how to get on board:
To
make changes to your listing
click here.
For
new listings
click here.
Are You Utilizing
Trade-Purchase Requests?
When you are seeking to do business with a vendor who is not
presently a member of your trade exchange, but one you�d like to
barter with, you can use this strategy. Begin by checking with your
trade exchange, to see if they have a �Trade Purchase Request Form.�
If
so, use that form to write down the exact specifications for the
desired purchase, just as if it were a normal cash order. You might
consider a 12-month purchase to make your order more enticing. Once
the request form is completed and returned, your trade exchange can
then make the sales call on this preferred vendor with the intent of
signing them up. Having your purchase order in hand will be most
effective in obtaining this company as a new member to the exchange.
(If
your trade exchange doesn�t have a trade request form, you can use
your company�s order form and denote at the bottom, �This order will
be paid with trade dollars.�)
Seven Facts To Breathe
Life Into Your Business
Just as there are facts
of life that affect us personally, there are facts of business life
that affect us as entrepreneurs. Bill McBean, author of the book
The Facts of Business Life: What Every Successful Business Owner
Knows That You Don�t (www.FactsOfBusinessLife.com),
shares what he has learned over the course of a successful career to
help you avoid common mistakes and steer your company in the
direction you want it to go.
The following is an
overview of McBean�s seven facts of business life, which he suggests
will help you to build a strong, lasting foundation for your
business:
Fact 1: If you don�t
lead, no one will follow.
Good business leadership begins with defining the destination and
direction of your company and deciding how the business should look
and operate when it arrives. It also involves developing and
continuously improving on a set of skills in order to move your
business from where it is today to where you want it to be tomorrow.
Fact 2: If you don�t
control it, you don�t own it.
Control is the owner�s management reality. If you don�t control your
company by defining key tasks and dictating how they must be
handled, then you don�t truly �own� the business.
Fact 3: Protecting your
company�s assets should be your first priority.
Basically, assets � which include both tangible and intangible
assets � are what power sales, profits, and growth. Not the other
way around.
Fact 4: Planning is
about preparing for the future, not predicting it.
Nobody knows what tomorrow, next week, or next year will bring for
your business. But you can make educated guesses based on the most
current, accurate information available as well as your own past
experiences, and this should be an ongoing process.
Fact 5: If you don�t
market your business, you won�t have one.
Maybe working to market and advertise your product isn�t your cup of
tea. Or maybe you believe your product is so great that it should
speak for itself. If so, too bad � you�re going to have to do it
anyway. The bottom line is, if people don�t know about your product,
you won�t be successful.
Fact 6: The marketplace
is a war zone.
Every company has competitors, and if it doesn�t and it�s
successful, it soon will. Successful owners know they have to fight
not only to win market share but to retain it as well. That�s why
you must develop a warrior mentality and maintain it for as long as
you�re at the head of your business.
Fact 7: You don�t just
have to know the business you�re in; you have to know business.
In addition to knowing the inner workings and nuances of your
particular industry, you also need to understand the various aspects
of business as it is more broadly defined. That includes subjects
such as accounting, finance, business law, personnel issues, and
more, and how all of these impact each other and the decisions you
make.
Canadian Bill McBean
is the author of
The Facts of Business
Life: What Every Successful Business Owner Knows That You Don�t.
A graduate of the University of Saskatchewan in Saskatoon, and Mount
Royal College in Calgary, Alberta, he began his career with General
Motors of Canada in 1976.
He is currently
general partner of McBean Partners, a family-owned investment
company, partner and chair of Our-Mentors, a company that works with
owners to improve their businesses for long-term success, and Net
Claims Now, which provides companies in the restoration industry
with invoicing, accounts receivable collections, cash flow services,
business coaching, and business lead generation services.
Money-Making Reports Available From BarterNews
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today�s New Age
Of Possibility
There are many forms of secondary
capital�which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our �Secondary Capital Section.�
Check it out...
www.barternews.com/secondary_capital.htm.
Get New Money-Making Ideas And
Valuable Contacts!
You can
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
Every
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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We welcome your
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�
Copyright BarterNews 2012. Redistribution of BarterNews
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