We’re excited you are here and we can’t wait to tell you more about our company, our people and our platform. Why are we so excited? Because we believe that the future is small …. And small business is beautiful!OK, but what is sixty:forty? Did you know that more than...
Alternative Commerce for Small Business is here.
Join us for our Alternative Commerce Lunch and Learn Series every Thursday at 12pm – 1pm (AEST).
Click here to register for Thursday 13th May where we discuss all things Barter.
What is Alternative Commerce?
Alternative Commerce is our vision for a better way to do business so that service professionals can unlock a new asset by investing time in people and their ideas. And on the other side, we give entrepreneurs and small business owners a way to access this alternative funding. So if you want to join a network of like minded people, willing to venture outside the box and to turn your skills into an investment then this is the place for you.
A Strategic Partnership is where two separate parties come together to pursue a win-win arrangement while keeping the businesses separate. This collaboration may be only for a single project or might have a long term view. It is relatively informal and can be easily established once the objectives of the venture have been set out and agreed to.
A Joint Venture is generally a business entity that is created by two or more parties, characterised by shared ownership, shared returns and risk – and shared management. It is generally built for the long term and is a more formal arrangement than a strategic partnership.
Because there may be equity involved in a Joint Venture through the establishment of a new entity, you will need to have a stronger agreement in place and we will seek to guide you through the common questions in building your draft Letter of Intent, to help you build a strong relationship.
If you are spending your cash, then you want to know that you are getting best value for your money (this doesn’t mean the cheapest, the focus here is on value). The sixty:forty Quote function will allow you to put your Job out to the sixty:forty community to find who you need, quickly.
Our Quote project asks you a lot of questions about what it is that you are looking for so that we can help you build a better brief for your provider.
A Brief is simply instructions and information that enables the provider to see clearly what it is that you are after so that they can give you with a quote that enables you to more easily compare their services and so that is likelihood of unexpected extras popping up or multiple phone calls or emails to provide extra info.
With Barter No Cash is No problem. Barter is the exchange of goods and services without using money. Barter will allow you to exchange your products, services, time and talent instead of trading cash. Why is this useful. Because you make a markup on your products, so you are then acquiring the exchanged goods at your cost.
Delayed/Staged Payment Terms
This is an arrangement where two or more parties come together to get the work done. However payment for that work can be made over stages linked to the project milestones or on a time frame outside the Providers ordinary terms of doing business.
Cryptocurrency is also included however this isn’t so much as an opportunity, as it is a payment option for any of these.
When you select this it just means that any provider who has said that they will accept crypto as a form of payment will be showing up against the opportunities that you selected.
If you have fantastic skills in one area and need to bring strength to a different area in the business then you might consider taking on a co-founder who has those skills. You can always hire on for a role but that will generally not bring with it the passion and incentive to really get the job done. Whereas – if you find a co-founder that is just as committed to the vision as you are can produce some exceptional results. A Co-founder is someone who will take a share in the equity of the business based upon the vision for the future.
This is about the exchange of ownership equity for services performed or for bringing in strong relationships to the business to enable it to grow into the future.
For an existing company, there are strict capital raising requirements by the various regulatory bodies (for example, ASIC or the SEC).
A Mentor is not a coach or trainer. This is a two-way relationship that grows where you share knowledge and expertise, networks and can work on development of a solid set of soft skills that will take you far in both business and life.
A Mentor is someone who can give you a head start towards real success strategies – because they’ve don’t it before. They will provide guidance and advice to provide alternative perspectives, while focusing on moving forward and making progress.
Hey there Early Adopters!
Ready to start doing small business better? Join the sixty:forty Beta Launch and discover alternative commerce!
Business Education & Mentoring
Whether you are starting or growing your business we’ve got you covered.
It’s like an MBA but for Small Business. Practical, actionable and effective.