B2B Currency
Once upon a time, during a crisis similar to the one in which we are now getting
mired, sixteen businessmen got together to decide what they could do among themselves.
They and/or their clients had all received a notice from their respective banks that their
credit line was going to be reduced or eliminated.
They realized that business A needed the bank loan to buy goods from
business B, which in turn needed money to buy stuff from its own suppliers. So they
decided to create a mutual credit system among themselves, inviting their clients and
suppliers to join. When business A buys something from B, A gets a credit and B the
corresponding debit. They created their own currency, whose value was identical to the
national money, but with the interesting feature that it didn’t bear interest. A debit in this
currency needs to be reimbursed with sales to a participant in the network in the same
currency, or settled in national money. The country’s banks mounted a massive press
campaign to try to squelch this revolutionary idea.
Miraculously, that campaign failed, and this little system saved many of the businesses involved. A cooperative was set up among the users to keep the accounts dealing with that currency. Soon participants could also borrow from that cooperative in that currency at the remarkably low interest rate of 1% to 1.5%. All such loans needed backing by inventory, real estate, or other assets, exactly as in a conventional bank. Over time, the system grew to include one quarter of
all the businesses of the entire country.
This is not a fairy tale, but the true story of the WIR system. The country is
Switzerland and the sixteen founders met in Zurich in 1934. Within three months there
were 1,700 participants; and within a year some 3,000, linked by a catalog of available
goods and services, classified in 850 categories. The system still works today: the annual
volume of business in the WIR currency now is about $2 billion per year.
Read full article here:
http://www.lietaer.com/images/B2B_currency_1.pdf
miercuri, 11 noiembrie 2009
Crises - How To Avoid Them
Crises - How To Avoid Them
You have heard of Murphy’s Law, “If anything can go wrong, it will.” If you have ever had your best laid plans go awry, you very well know that Murphy’s Law can rear its ugly head at the most unexpected times. Things do have a way of going wrong, and usually will, unless you take steps to prevent it.
By Carol Halsey
Contributing Author
Crises can pop up from just about anywhere, involve just about anyone, and come in many different shapes, but the consequences are always very similar stressful and a big waste of time. By anticipating crises and taking steps to prevent them, you can reduce by half the time now spent reacting to them.
A crisis will take you away from your best laid plans and priorities for the day. You may have an important deadline to meet, but will be diverted to resolve a crisis. For example, some information you are waiting for is late getting to you, which means your project is behind schedule, and on top of it, something else goes wrong.
Another example: One of your key managers becomes unexpectedly ill or has a family crisis and has to be absent from work for several weeks. These kinds of crises cause tension that can have a devastating impact on your morale, quality of work, and your business. But how can you prevent crises from invading your well planned work schedules? You probably can’t, 100%, but you sure can avert most of them. It is done by anticipation.
Crisis management is dealing with a crisis after it occurs, and the best way to handle a crisis is to keep it from occurring in the first place. And the best way to do this is to anticipate what might happen and make plans to prevent it, or at least reduce its impact. You may be wondering how you can know what will go wrong, as you cannot predict what will happen next, because a crisis is unpredictable.
The same way you anticipate the possibility of a fire, or an emergency. You don’t know when, or if there will be one, but you have the 911 number either speed dialed in your phone or imbedded in your brain, and know the location of the fire extinguisher and how to use it. There is also a first aid kit handing. What you have done is taken some reasonable precautions, just in case.
By Carol Halsey
Contributing Author
Read full article here:
http://www.powerhomebiz.com/vol118/crises.htm
You have heard of Murphy’s Law, “If anything can go wrong, it will.” If you have ever had your best laid plans go awry, you very well know that Murphy’s Law can rear its ugly head at the most unexpected times. Things do have a way of going wrong, and usually will, unless you take steps to prevent it.
By Carol Halsey
Contributing Author
Crises can pop up from just about anywhere, involve just about anyone, and come in many different shapes, but the consequences are always very similar stressful and a big waste of time. By anticipating crises and taking steps to prevent them, you can reduce by half the time now spent reacting to them.
A crisis will take you away from your best laid plans and priorities for the day. You may have an important deadline to meet, but will be diverted to resolve a crisis. For example, some information you are waiting for is late getting to you, which means your project is behind schedule, and on top of it, something else goes wrong.
Another example: One of your key managers becomes unexpectedly ill or has a family crisis and has to be absent from work for several weeks. These kinds of crises cause tension that can have a devastating impact on your morale, quality of work, and your business. But how can you prevent crises from invading your well planned work schedules? You probably can’t, 100%, but you sure can avert most of them. It is done by anticipation.
Crisis management is dealing with a crisis after it occurs, and the best way to handle a crisis is to keep it from occurring in the first place. And the best way to do this is to anticipate what might happen and make plans to prevent it, or at least reduce its impact. You may be wondering how you can know what will go wrong, as you cannot predict what will happen next, because a crisis is unpredictable.
The same way you anticipate the possibility of a fire, or an emergency. You don’t know when, or if there will be one, but you have the 911 number either speed dialed in your phone or imbedded in your brain, and know the location of the fire extinguisher and how to use it. There is also a first aid kit handing. What you have done is taken some reasonable precautions, just in case.
By Carol Halsey
Contributing Author
Read full article here:
http://www.powerhomebiz.com/vol118/crises.htm
Why Doing Economic Crisis is a Good Time to Start a Business
Why Doing Economic Crisis is a Good Time to Start a Business
Hi. Hope everyone is having a wonderful day. My name is Prince Samuels. I'm an internet network marketer for five years now. In this business we don't worry about recession. It is recession proof. This mean we don't think about whether our money is in the stock market, or 401k plan. Our money is passive and residual income that work month after month without investment worry. Ok let's get to the point I'm about to make here. A recession is difficult to maintain for existing businesses. Getting the capital, funds, keeping up with overheads, employees benefits, all become overwhelm by employers. Vast majority don't understand that doing this period of uncertainty is when a true leadership get tested about how to handle difficult times.
Entrepreneurs gain the discipline and ready to do even better when the economy recovers. Not having enough money leads to creative thinking and ideas. Founders and ceos pay close attention to cash management and budgetting. This is why it is so important to stay calm and meditate on the dreams and vision for a better day ahead. I know this is hard for many people to especially for those that had their jobs for so many years, but we must learn to adjust in these times of economic failure.
http://www.articlesbase.com/internet-marketing-articles/why-doing-economic-crisis-is-a-good-time-to-start-a-business-585935.html
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