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October 12, 2010

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 10/12/2010

Small Business Loans Now Easier To Obtain

The $30 billion Small Business Job Act just signed into law should make getting a bank loan easier because it is earmarked for small community banks and credit unions. And that money is available for SBA guaranteed loans where the federal government guarantees 90% of the loan.

Plus, the one big change in the law is the expansion of the SBA’s micro-lending programs from $35,000 to $50,000. (The typical micro-loan is $13,000) The SBA micro-lending is at an all-time high ... in the past 12 months the agency approved $16.84 billion for 54,826 small business loans.

New Employee Hiring Greater Among Large Firms

The National Federation of Independent Business’s Optimism Index reports that only 8% of small business owners plan to increase staff. By contrast, 31% of larger firms plan to hire, according to the Business Roundtable CEO Economic Outlook Survey of leading U.S. companies. (Both studies were released in September.)

New Trend In Workforce

For years demographers warned that the aging of the Baby Boomer generation would cause talent shortages and force companies to beg Boomers to return in some capacity. Guess what? Since the economic downturn a new trend has suddenly emerged, which sees many employees now planning to delay retirement.

By one government estimate, 93% of the growth in the U.S. labor force from 2006 to 2016 will be among workers ages 55 and older.

Day Spas Popularity Still Growing

Less time and less expensive services push the growth of day spas. The International Spa Association (a trade group) reports that since 2007, day spas added 4,564 locations to now total 16,300 nationwide. And hotel owners added 465 spas to number 1,810. In the same span of time destination spas in the U.S. fell to 79 from 80. (Destination spas typically charge $5,000 and up for a one week stay.)

Selected trade exchanges around the country have day spas as members.

Amazing Technology Keeps Expanding

The world’s fastest computer, announced by Japan a few days ago, is beyond comprehension. It is able to do 10,000 trillion (10 quadrillion) calculations per SECOND.

The K Computer, as it is known, will stitch together 80,000 processors, each equipped with eight cores for a total of 640,000 electronic brains. Such a machine can do remarkable things. For example, running a simulation of how a beating heart reacts to new medicine today takes about two years, but the new machine would cut the wait time down to two days.

It Only Happens Once Every 823 Years!

An interesting fact about October 2010 is that it has 5 Fridays, 5 Saturdays, and 5 Sundays all in one month! This happens once in 823 years. These are considered “money bag” months, based on Chinese feng shui. Legend says pass the bags to 8 good people and money will appear.

All back issues of "From the Desk...” can be accessed by clicking here.

(Please feel free to forward our newsletter to your friends and colleagues. We have a “box” at the end of the newsletter for your convenience. See you next week. . .)


Scott Whitmer Barter Hall-Of-Fame 2010 Inductee

By David Wallach, IRTA President

Today the members of the Barter Hall of Fame announced that they have selected Scott Whitmer to receive the 2010 Hall-of-Fame award. Scott will receive his award during the closing ceremony on the final evening of the annual IRTA convention that will be held October 28-30 at the Hilton Hotel in Pittsburgh, Pennsylvania.

“Scott exemplifies the qualities we look for in a barter Hall-of-Fame inductee,” offered Bob Meyer, a long time barter Hall-of-Fame member and publisher of BarterNews. “He represents the best our industry has to offer.”

The Hall-of-Fame is the highest honor the modern trade and barter industry can bestow. This honor recognizes individuals of the highest professional character and ethical conduct who are regarded as indisputable leaders of the industry. An inductee must have a minimum of ten years of continuous industry service and have made recognizable and specific contributions to the industry as a whole.

Created in 1997, there are currently 17 members in the barter industry’s Hall-of-Fame. Each year previously chosen members of that highly regarded group select a qualified candidate to be inducted.

When Scott was notified that he had received the Hall-of-Fame award he was surprised and delighted, “I am much honored to be recognized by the Hall’s members. For the past 28 years IRTA has played an instrumental part of my company’s growth and development. My services to barter industry have been very rewarding. I have learned so much from the IRTA family and have always tried to give back to IRTA and the industry as a whole. This is the highest possible honor."

In 1982 Scott founded Florida Barter in Orlando (FL). With three offices in central Florida and under his able leadership, Florida Barter has grown to over 2000 members making it one of the largest exchanges on the Eastern Seaboard.

During the second of his two terms as President of the IRTA Global Board of Directors, Scott exercised and demonstrated his exceptional vision and clear leadership abilities by guiding that Board through the complex process of creating and founding the IRTA Universal Currency system.

For the first time, barter exchanges were able to use a truly universal currency as a transparent credit-clearing system which maintained high standards that allowed them to conduct business among themselves with confidence as part of a worldwide network.

“Today Universal Currency is the world’s largest exchange to exchange trading platform and stands as a monument to Scott’s vision and leadership ability,” expressed IRTA Executive Director Ron Whitney. He presently serves as the very active and effective Chairperson of the Universal Currency Committee.

Scott has been a member of IRTA since 1982. He served on the IRTA Global Board of Directors for more than 20 years, was IRTA President for two terms, and held all other Board officer positions for a least one term. On three occasions he’s been honored with the highest award IRTA offers — the Paul St. Martin Distinguished Service Award. And has also received several of IRTA’s Outstanding Achievement and Ambassador Awards. He has also received numerous awards from NATE (National Association of Trade Exchanges). Always willing to share his expertise with others in the industry, Scott has led numerous seminars and discussion groups during industry conventions.

Scott graduated from Georgia Tech in 1977 where he attended on a football scholarship and received his BA in Industrial Management. He is a dedicated husband and father and is active in local affairs and charities.

For more information on IRTA click here.


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.


Lasater Reports 24-Percent Growth For TTi

Gary Lasater, CEO of TeleTrade int’l, says that the economy within the world of organized trade and barter and the eValues proprietary worldwide barter systems is healthy and growing. Overall the year-to-date volume for the eValues platform is $42,359,409.20, which is nearly 24% better for the first three quarters of 2010 than over the same period in 2009. September 2010 saw a total volume of $4,510,324.85 which is an 11% increase over August 2009. September 2009 saw a 12% increase over August 2008.

(The YTD total volume for all worldwide platforms using its proprietary systems for the organized trade and barter industry showed figures of $50,903,019.90. Total transactional volume for all platforms since TTi took its systems online in 1999 is $772,072,602.77.)

The eValues.net system is the world’s oldest continuous developed online-systems software, designed for independent trade exchanges. It enables trade exchanges to run their day-to-day operations through their browser and a good internet connection. Thus an exchange can run its local operations, plus have a seamless connection to the global marketplace.

For more information contact Gary Lasater at (303) 840-7172 ext. 101, or e-mail gary@teletrade.net.


* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


·         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn’t listed see the forms on the lower left of the page. (Click here.)

·         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn’t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Click here www.barternewsblog.com.


Millionaire Status Highest Among Business-Owners & Entrepreneurs

The recurring themes in Thomas J. Stanley’s book, The Millionaire Spirit, are:

1)    Before you can become a millionaire, you must learn to think like one.

2)    You must learn how to motivate yourself; to counter fear with courage.

3)    Making critical decisions about business, investments, and your career conjures up fear—fear that is part of the process of becoming a financial success.

4)    Academic achievement was not an important factor. Millionaires had a solid but hardly spectacular under-graduate point average of 2.92 on a 4.0 scale.

5)    Getting along with people is more important than graduating at the top of your class.

Stanley says if you are creative enough to select the ideal vocation, you can win big time. “The really brilliant millionaires are those who selected a vocation that they love—one that has few competitors, but generates high profits.”

Not surprisingly, business owners and entrepreneurs made up the biggest group of top “wealth accumulators” — about 32% of the millionaires surveyed by Stanley. (Another 16% were senior corporate executives.)


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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