Various Ways to Effect Trades Without Money as Primary Legal Tender - inspired at Maximum Impact with Pastor Peter Alegbe

Various Ways to Effect Trades Without Money as Primary Legal Tender - inspired at Maximum Impact with Pastor Peter Alegbe. Maximum impact holds every  Thursday by 6pm at HOG Wing, 2nd Flr, 33, Toyin Street, by Water Park,Ikeja, Lagos, Nigeria

Money had been given too much credit as the predominant Legal Tender and a lot of Potential Entrepreneurs have carried their brilliant life changing ideas to their grave incapacitated by their ignorance of the various other options of doing business without money.

Legal Tender is any acceptable means of payment or exchange for Products, Goods and Services. It could also be an acceptable means of settlement for indebtedness or financial obligation. Once both parties to a transaction are fully satisfied with the means of Exchange, successful trade can be consumated.

It is strongly hoped that this materialj will be shared widely enough to reach everyone that unavailability of money had simile incapacitated from fulfilling destiny and inspire them to explore the depth of available means of trade consumation, to access the required funding and everything that unavailability of money had denied them.

Letter of Credit

This is one of the medium of payment acceptable for accessing products, goods and services. In this category a participating financial institution like bank undertake on behalf of a client or a services provider that upon the the provision, completion and satisfactory delivery of certain services, the necessary payment shall be made within stipulated time.

Some vendors or distributors can agree to a letter of credit that can pay within 2 months of satisfactory business transaction.

Letter of credit leverages on trust that all parties to certain agreement shall fulfil all obligations. This is a strategic means of doing business when the Client or Customer shows apprehension towards advancing the contractor(s) or vendors.

Personal and Non-Personnal assets

Assets can also serve as legal tender. This could be real estate, automobiles, jewelries,intellectual property such as drawings, songs, poem, Artworks, Report of Research and Development and such like. They can be personnal or non-personnal asset. In view of non personnal property the consent of the property owner must be sought and confirmed in writing.

Exceptional Skill

Acquired skill can serve as a mean of exchange for a relative financial advancement. The more skill acquired, the more finance can be accessed.

Social Equity

Social Equity can serve as a means to access certain business opportunities. This has to be consciously developed and eventually leveraged on. A lot of people just do not value growing their social equity in the course of their career development. Keeping a tight niche with your old friends from various previously attended schools, getting actively involved in religious,business association and office cycle, attending engagements,parties of colleagues and associates, participating in forum and group, writing in blogs and journals and such like are various ways to build a build of prospects with which a social equity can be developed. One can enjoy financial equity on account of a very strong social equity. Example of such is enjoyed by sportsmen and women, popular musicians, actors and stand up comedians as brand ambassadors of business institutions. A lot of them have become Multi-millionaires from brand endorsements.

Trust Equity

We have many instances of people doing Multi-billion dollar businesses yearly on account of Trust equity grown with certain partners. Sometimes goods are advanced to such worth 10 times their financial pool upon the history of unfailing remittances. Trust is CORE to the survival of any business really.

In summary and for emphasy, It is strongly hoped that this materialj will be shared widely enough to reach everyone that unavailability of money had simile incapacitated from fulfilling destiny and inspire them to explore the depth of available means of trade consumation, to access the required funding and everything that unavailability of money had denied them.

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