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October 22, 2013 Written
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
10/22/2013
NATE
Eyes 2014 Convention
The next annual convention of the National Association of
Trade Exchanges (NATE) is nine months from now, but their
convention committee has already kicked off the efforts for
its 2014 convention. It is scheduled to be held in Orlando,
from May 15 to18.
The committee�s first item on the agenda is that of asking
the trade exchange industry for input � topics of interest
for the subsequent seminars and panels. The coverage at the
convention will be tailored for owners, brokers and sales
people.
Ideas/topics desired should be sent to
alex@natebarter.com.
TAC
Holiday Barter Expo Scheduled
Saturday, December 14, will be the day for the 2013 Trade
American Card Annual Holiday Barter Expo. Tabletop displays
for the 10 a.m. to 3 p.m. event at the Anaheim Business
Center can be reserved by calling 949-225-6000.
Study
Says You Get Stupider When Working Too Much
According to Dr. Tasha Eurich, New York Times bestselling
author, executive coach, leadership expert, and author of
the new book Bankable Leadership, �We actually get
stupider when we work too much.� Over a five-year study,
University College of London epidemiologist Marianna
Virtanen and her colleagues examined the relationship
between long hours and brain functioning in British Civil
Servants.
Participants completed a variety of tests to evaluate
intelligence, verbal recall, and vocabulary. Compared to
those that worked 40 hours per week versus, those that
worked 55 hours per week showed poorer vocabulary and
reasoning. As a result, working fewer hours, taking more
breaks and occasional vacations, can help us become much
more productive.
Consumer Spending Habits Shifting & Savings Rate Dropping
Precipitously
Compared with 1973, Americans are putting a bigger slice of
income to a home and less to food. And, according to an
analysis of a consumer expenditure survey by the Labor
Department, Americans aren�t socking away extra money for
the future. Today�s savings rate is a fraction of what it
used to be: 4.6% today versus 13% four decades ago.
Overall housing costs have risen to 32.8% of income from
30.8%, along with an increase in average home size to 2,700
square-feet from 1,400 square-feet. The average family
shells out 12.8% at grocery stores and restaurants today
versus 19.3%, although today�s average family size is 2.5
people versus 2.9 people in 1973.
All
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See you next week. . .) |
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ITEX Announces 2013 Fiscal Results
ITEX
Corporation (OTCBB: ITEX), a leading marketplace for cashless
business transactions in North America, filed its Form 10-K with the
Securities and Exchange Commission and announced results for its
fourth quarter and fiscal year ended July 31, 2013.
�Fiscal
2013 was a good year � our cash position increased 73%, income from
operations increased 32%, we returned $631,000 to stockholders
through quarterly dividends and stock buybacks and we launched a
complete refresh of our website,� stated Steven White, Chairman and
CEO.
�Two new
independent directors were added during the year and we appointed
John Wade to the position of Chief Financial Officer. All board
committees consist entirely of independent directors.�
�Plus,�
White concluded, �we completed our tenth consecutive year of
profitable operations, during which time we have returned more than
$8.0 million to stockholders in the form of stock buybacks and
dividend payments � $5.8 million in just the past two fiscal years.�
Fiscal
year 2013 highlights:
�
Earnings
per share increased 41% to $0.41, from $0.29 in the previous fiscal
year
-
Income from
operations increased 32% to $1,464,000, from $1,110,000
-
Cash increased 73%
to $3,352,000, from $1,942,000 over the previous fiscal year
�
Increased dividend 25% in March 2013 from $0.04 to $0.05 cents per
share, per quarter
�
Four
quarterly cash dividends, returning $530,000, or $0.18 per share, to
shareholders
�
Launched
a full refresh of the ITEX website (www.itex.com),
and all marketing materials for a consistent brand and message
After the end of the fiscal year ending July 31, the Board of
Directors of ITEX Corporation declared a cash dividend in the amount
of $0.05 per share, payable on September 20, 2013, to stockholders
of record as of the close of business on September 10.
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.
Study Shows
Entrepreneurs Have Self Confidence
The annual
�Voices of Small Businesses and Accountants Study,� by the maker of
Quicken and QuickBooks financial software, reported some very
interesting and revealing information about our country�s
entrepreneurs.
Here�s a
rundown on what they found:
v
During the past year, 64% of small businesses and 73% of accountants
have invested money in their operations.
v
The most common investments were additional advertising or marketing
at 40%, new employees at 25%, and new technology at 23%.
v
The biggest challenges facing small businesses � according to their
owners � are generating new business and revenue streams, rising
insurance costs, and keeping up with competitors.
v
75% of small business owners work with certified public accountants.
Of those, 78% seek help with taxes and 37% obtain bookkeeping
services from their CPAs.
Editor�s note:
It�s interesting to see from this study the important role a trade
exchange can play in the life of a typical small business.
For example,
their most common �investment� was for additional advertising and
marketing. As a trade exchange member, you know that acquiring these
desired services on barter is certainly a much better value than
buying them with cash.
Even the
biggest challenges of generating new business and revenue streams
are addressed, because a trade exchange�s major focus is providing a
unique conduit for additional business and increased cash-flow ...
via trade dollars earned and cash saved.
Money-Making Reports Available From BarterNews
Avoid These
Keys To Failure
The top reasons
most business fail, according to 1,900 professionals who help
troubled companies:
Too much
debt 28%
Inadequate
leadership 17%
Poor
planning 14%
Failure to
change 11%
Inexperienced
management 9%
Not enough
revenue 8%
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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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�
Copyright BarterNews 2013. Redistribution of BarterNews
content expressly prohibited without the prior written permission of BarterNews.
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