Exceptions Barter Exchange is dedicated to serving businesses with their needs for services and products to propel their business forward in a time when cash is not readily available. We are so committed to finding solutions that we continually study and learn the how, what, when, where, and who of barter; so that we can provide the best opportunities for our clients and educate the general public about the value added to their bottom line for business through our Exceptions Barter Exchange.
In our most recent findings of who was the first historically recorded barterer in the land when money was not available to even buy a loaf of bread to sustain the life of the people. We found an interesting account of a leader of the country of Egypt who bartered goods for goods and services and even added interest.
1500 BC Joseph, as the Vizier of Egypt, made the first known to me barter exchange in the history of time.
Keep reading to see how Joseph thought out of the box to continue building business and increase profits for his employer during a time of famine in the land where even if you had money; it had no value and failed as currency.
Learn more how to keep your business alive and growing during economic struggles.
When Joseph, the Chief Minister of Egypt during 1500 BC was in charge of the food for all of the people. A certain group of herdsmen approached him with an idea to barter their goods and services for his goods and services.
Being one of the richest businessmen in the land, Joseph knew in order to keep the economy thriving that he had to think out of the box. He knew by his own transactions on behalf of his employer that the silver for which they had as money, had no value because of the lack to the general public to obtain the cash flow needed for business and economic stability. So as he thought about the proposition made to him by the herdsmen to trade their products for his products; he said yes to profit his boss. In fact he even took it a step further to devise a continued profit by charging them interest on their sales and use of the land for which they originally traded.
Joseph made a wise decision to use alternative currency when money failed to hold its weight and was not readily available. He kept building the economy and the community by using a bartering system to sustain the business and to expand the reach of his employer to other nearby cities. He knew the value of bartering and how it holds increase during times that most would think business could not continue to grow. See the account recorded in the Bible (KJV) book of Genesis chapter 47:15-17
15And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth.
16And Joseph said, Give your cattle; and I will give you for your cattle, if money fail.
17And they brought their cattle unto Joseph: and Joseph gave them bread in exchange for horses, and for the flocks, and for the cattle of the herds, and for the asses: and he fed them with bread for all their cattle for that year.
Exceptions Barter Exchange is an alternative currency that helps you the business owner, get the products, and services you need so you can sell your products and services to new customers. We also offer a line of credit when you need something now so that you don’t have to let the “Lack thereof of cash” prevent you from getting that next project or sale for your business.