Jim's Trade Net
Blog Posts

End of the BAS Quarter/ End of Year Spending

  The end of the BAS quarter is fast approaching and we can help you spend your hard-earned Trade Dollars and save any possible GST implications.  Spend trade to save cash – easy!   If you have Trade Dollars (T$) in your account why hold onto it?  Spend it in December for tax savings.   We have some great business spends that are quick and easy.  Why not get your office or business spring cleaned in summer – ready for the coming year?  This is also the perfect time to get your office equipment serviced and maintained.  Or how about getting your business image ready for 2018 with corporate headshots, social media etc?   Download and view the office spend guide here for all that’s available.  You have done the work; now let the trade you’ve earnt work for you.   Don’t forget there are dozens of Christmas spends on trade…

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Marketing & Promotion Opportunities for Jim’s TradeNet Members

In other articles espousing the benefits of being a member of Jim’s TradeNet we’’ve talked about the opportunities membership gives you to increase your revenue. As a member of Jim’s TradeNet you can increase your profits and reduce your costs but I think in this article it’s worth talking about some of the opportunities you have to actually market your business – and how being a member helps you do this. Jim’s TradeNet is a great promotional opportunity for your business. There are a number of opportunities available for you to interact with other members – share your offers and generate more business. (There are also ways to reduce your costs but again that is a topic of conversation for another time.) As well as your own proactive actions to introduce yourself to new members, there are other avenues provided by Head Office to allow you to share your products…

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How Not for Profit Organisations benefit from being a member of Jim’s TradeNet

Being a member of Jim’s TradeNet works for all businesses. Everyone can benefit from being a member of Jim’s Tradenet – no matter what products or services you provide – no matter what industry you are in. I am a member of Jim’s TradeNet and I provide Consulting services on Trade. I genuinely think most businesses can benefit from being a member of Jim’s TradeNet. I’ve been thinking recently about how a Not for Profit Organisation could benefit from Trade Exchange membership. I’ve outlined some of my thoughts below. There’s a simple mathematical formula that shows how an organisations can benefit from being a member of a trade exchange. The traditional business model equation for profit is as follows Cash Sales  – (Cost of Goods Sold + Expenses) = Profit So, by selling your business you generate cash revenue. From your revenue you subtract the costs of developing your products/services…

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Technology & Jim’s TradeNet – It’s A Great Time To Be In Business

There’s never been a better time to be a small business owner. New technologies combined with old-school business transactions like barter make it easy for you to start your business. Jim’s TradeNet utilises many of the new technologies that you can use in your own business to help you facilitate more business – to help you grow your own business. The purpose of this article is to share with you some thoughts on an exciting future – some thoughts on how being a member of Jim’s TradeNet, coupled with utilising new technology can help you leverage growth previously not available to small business owners. There are a variety of new technologies available to you that can help you grow your business. You can grow your business using Cloud Apps like G Suite, you can keep in touch with your clients and manage relationships using CRM software. You can manage your…

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Improved cash flow in the hospitality industry – a practical example

Cash flow is everything but not everyone understands this when they get into business. Many find that, whilst their balance sheets and profit and loss statements might look okay, there’s not always enough money to spend at the end of the month to pay yourself a salary. This may often be because they haven’t thought about tax expenses and also sometimes your customers are slow in paying their bills. Ideally, you would have understood this before starting your business but sometimes it’s too late. You’re already in business and you’re already having cash flow problems. There are a couple of things that you need to do – you need to truly understand your bottom line and you need to truly consider your expenses to work out where your profit is. There are generally two main ways to increase profits – you can reduce costs for existing sales numbers or you…

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3 Little Known Ways to Turn Your Trade Dollars Into Cash Benefits.

Membership of Jim’s TradeNet has a number of benefits. It’s great for cashflow. It’s great for expanding your business network. The purpose of this article is to share with you some further benefits. I wanted to talk to you about how a trade strategy can end up bringing you real cash benefits. Below are three real world example of what I mean so you can assess how they would be used in your business. These examples are not just imaginary. These examples are ones that I have used, that others have used, or that I am actually in the process of implementing. With proper planning Jim’s TradeNet membership can become an important part of your business. Here’s what you can do: Buy Supplies on Trade, Sell for Cash – Let’s say you run a licenced cafe. You can order wine on trade and sell it for cash. Let’s say you…

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GST Strategy – End of the Financial Year?

PROBLEM:    Has your business accumulated more GST from its income than the GST you have spent with expenses RESULT:       You will have to pay the ATO the difference in cash. SOLUTION:   Why not spend Trade Dollars (T$) to pay for expenses before the end of the quarter. BENEFIT:      Spending Trade Dollars on business expenses within the quarter will not only SAVE you cash it will also reduce the level of GST (payable in cash) to the ATO. Spend your Trade Dollars before the End of each quarter and reduce the level of GST that you will have to pay to the ATO on a quarterly basis. If you need assistance coming up to EOFY, please get in touch with us today to discuss your spending opportunities. Call 1300 732 649 or email tradenet@jimstradenet.com  Paul Godden Divisional Manager of Jim’s TradeNet tradenet@jimstradenet.com  

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Jim’s TradeNet as part of your Marketing Campaign

There are a number of reasons to join Jim’s TradeNet. We’ll cover many of these in other posts but briefly, they include improved cash flow, the ability to move excess stock and the ability to grow your business with an interest-free loan. Today we wanted to talk to you about expanded marketing opportunities available to you as a result of your membership of Jim’s TradeNet. There are three major reasons that you should seriously consider Jim’s TradeNet as an important part of your Marketing Campaigns. I go into them below. Gain Access to a new network of customers – If you are a member of Jim’s TradeNet you get access to the Jim’s TradeNet database of members. You get access to thousands of members across Australia and you get access to the Jim’s TradeNet team who work hard to foster relationships between members and encourage businesses to work together. Jim’s…

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3 tips to help grow your business with business networking

Business networking is an incredibly effective way for you to grow your business. Effective business networking involves you getting out there, meeting other business owners, creating meaningful connections, having meaningful conversations and coming up with mutually beneficial relationships to grow both of your businesses together. At Jim’s TradeNet we recognise the value that business networking brings to a business and we work tirelessly to help facilitate this as much as we possibly can. We run regular networking events to try and connect members. We have online platforms to connect members and we’re looking to create more educational resources such as this blog post that will help our members get the most out of their business networking.   Here are 3 tips that we think will help you grow your business networking either through Jim’s TradeNet but also, they can benefit all aspects of your business life. Set Business Networking Goals…

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The parity of the Trade Dollar (T$)

Many business in a trade exchange believe they need to cover their costs when trading, believe it or not this can hurt your cash flow and worse hurt the relationship you build in the trade community. When you trade your goods or services, you are creating a sale and effectively buying at a discount that is equal to your own cost of goods sold.   As an example, if you needed to pay $1,000 for a business expense, say printing, our system allows you to keep the cash in the bank, earned through your cash customer transactions, and allow JTN to introduce new sales to your business who will pay you in T$ for which you in turn can pay for that printing at an equivalent value of T$1,000. In the above example if the business choose to “cover their costs” in cash then they would need to spend that…

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