Just as individuals proffer/obtain goods and services through hOURS, so may organizations and businesses. In the same way that the distribution of dollars fails to serve many individuals, so too does it fail many institutions. They may also find alternative currencies useful. With hOURS, many groups are apt to find themselves better funded, or better financed in the case of a business.
Why would you do this?
In addition to all the good social reasons, outlined elsewhere on this site like community enrichment, socio-economic justice, environmental protection, sustainability… here are some selfish reasons.
|To the extent your group’s mission is about promoting the sorts of things that come about through the use of hOURS, it’s simply an additional means of doing what you do.||Using hOURS allows you to do "green marketing". Attract socially-conscious customers who will prefer to patronize your establishment because you're doing the right thing.|
|If your organization has a specific, specialized need(s), hOURS allows you to ‘do it yourself’ and thereby avoid large outlays of dollars. In other words, you could hire someone through hOURS for such task(s), without spending a single cent. Hours can be earned for the group by doing, well, whatever. Please keep in mind as well, that funds don’t need to be raised in advance for things. Members of hOURS have the ability to issue new money, which conveys great power and flexibility to the system (and hence your organization). All in all, operating this way, you address specific needs yourselves, pretty directly, using hOURS like a sort of skills exchange.||Another new market you'll tap into (although it overlaps with the first a little) is that of
all the individuals who use hOURS. The ability to spend Hours will attract these new customers
to you. Dollar sales will increase as well. It's quite likely they will pay partly, or even
entirely in dollars on some occasions.|
Current economic difficulties are described as a 'credit crisis'. Economic activity gets constrained by insufficient levels of the exchange medium (dollars). Maybe your business will survive the squeeze. But why chance it? Why suffer at all? Diversify with an additional exchange medium, and realize the opportunities there.
|Of course, even better than doing it yourselves might be to have someone else pony up Hours for the task. Since Hours may be given as a gift, this opens up a whole new fundraising avenue. People in the system can donate to your efforts. Even if you have no use for their particular skills, the hOURS trading mechanism enables them to pitch in. You can also incorporate hOURS into your regular fundraising efforts. Why limit yourselves to soliciting dollars from people? People who lack dollars to contribute might be interested in joining hOURS and contributing in that way. So hOURS can be a means of mobilizing your supporters. When they join hOURS their capacity to contribute to the cause increases. They can earn Hours doing whatever and put those Hours toward your efforts. The sort of organization with the most to gain from this would be one with many nominal members who are interested in helping out, but for whom there’s little to do because the needs of the group are specialized.||Are loan payments a drag on your bottom line? With hOURS you gain some ability to self-finance. As a democratic form of money, the issuance of Hours is not the exclusive prerogative of the banking industry. The issuance of Hours does not take the form of a loan. Your interest costs get eliminated. Why pay (interest to) a bank for the privilege of using a fictional construct (dollars)? We can do that ourselves just as well. In hOURS, all the participants mutually share "banking power". If your business has financial needs, simply issue Hours, and spend them on what you need. All that's required of you is a willingness to accept them back in trade. Which of course would mean you have a customer! Presto, the economy and your business are humming. Refuse to be a victim of the economic downturn.|