Bartercard renders more profits in building and construction
The recovering property market is a double coup for entrepreneur and Bartercard member Ghulam Wakil, who is trading to conserve more cash in his rendering business Naran Clad, and has laid down a cashless property deposit on barter.
While the market is picking up and seeing a boost in construction services, a good working relationship with Silverline Homes is bringing $125,000 worth of extra rendering and tiling work to Naran Clad each year which is paid as a split of cash and Bartercard’s digital currency.
We spent 5 minutes chatting to Ghulam.
How do you use Bartercard?
“To cover essential expenses in my business including tools and construction materials, website and advertising costs, and most recently a deposit on a property in Dandenong. I’ve been a Bartercard member for four years and have saved around $300,000 in this time through trading.”
What advantages have you found in putting down a property deposit in Bartercard’s digital currency?
“The fact you can secure property without spending cash in the current market goes beyond value for money – it removes the barrier to the property market. I’ve additionally reduced interest with the extra cash I’ve conserved and put on top of the deposit.”
What do you think about the recent Federal Budget as it applies to business owners?
“Being a Bartercard membership is a double coup under the budget where any asset costing up to $20,000 is 100% tax deductable. I enjoy the same allowable deductions on goods purchased with Bartercard’s digital currency without spending cash – it’s a win win.”