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In this tutorial, Tanae, the founder of Legal Goodness, discusses the concept of bartering, which involves trading products or services without monetary exchange. She highlights that bartering can be especially beneficial for small businesses or startups that may lack cash liquidity. By trading with other entrepreneurs, businesses can save money and build connections. For instance, if a business has a dozen t-shirts valued at $200, they could exchange them for services from another business instead of paying cash. This approach allows businesses to utilize their resources effectively while fostering collaboration within their community.
