Small Business Come Backs

Restoring local economies rests on the shoulders of small businesses and companies. In the US its either hit or miss depending how your state has or has not managed lock down. Recent stimulus checks most likely did not get spent at local businesses. America is soon to face inflation and tax hikes across the board. So what can a local business owner do to manage their own stability?

Here are some ideas on how to create a parallel economy:

1 Form a Co-Op All members must be locally owned no franchises. In addition to local consumers, each business supports, recommends, and uses the other members business. You can offer members better customer discounts and barter if needed. Share resources and marketing like a joint venture. Do NOT charge membership dues or fees simply work as a Win Win.

2 DIY Operating Capital Ditch loans that put you further into debt just to remain open and solvent. Instead become your own bank and allow compound interest to work in your favor! Gains of 10% to 33% that's better than a bank savings account. No Tax. No Risk. When you need your cash simply withdraw. Indexed Universal Life products on the business owner are absolutely the Best DIY Operating Capital fund. This may also qualify for a business tax credit for an owner retirement plan, check with your tax planner. Ta;l to a Life Insurance broker about IULs.

3 O-Bless This is the next generation crowfunding platform. There are no campaign and no donor fees. It's a not for profit, unlike KickStarter and GoFundMe. Whatever the campaign earns is what they get. Already in front of over 650,000 people worldwide eager to make a difference. Tie your campaign in with a lcoal social impact story with this group for best results. Go Here

4 Parallel Economy Join an already built parallel economy platform focused on self betterment through multiple channels. iX Global offers: Personal / Professional skill, Wealth Education and Implementation, Travel, eCommerce and additional benefits. Your money stays in a safe loop away from inflation. The monthly membership fee is a business expense and tax deductable. Really great tax advantage. You can also create an added revenue stream. Learn More

Get doing something for your business and other local businesses in your community. 2021 will be a game changer.

Pamela Weir CCFC Red2Black Resources 719 569 7214 mst