The economic crisis may be relatively under control for the meantime (at least compared to just a few months ago), but the recession has taught many of us to be more careful with our money; the Fireside Restaurant & Lounge allows people to continue to exercise this newfound sense of caution while still enjoying a nice night out. Instead of accepting cash or even credit, a person can pay for a meal by bartering his goods and services.
Founded by Richard Wohn, the Fireside Restaurant & Lounge is based in Chicago. Next time you're in town, you may want to take stock of what you are willing to part with or offer up to enjoy prime meals. Wohn has received ice cream coolers, soup warmers and even vacations for what the Fireside Restaurant & Lounge offers.
Bartering Eateries
The Fireside Restaurant & Lounge Accepts Goods and Services Instead of Money
Trend Themes
1. Bartering Economy - Restaurants and businesses exploring alternative payment methods such as bartering goods and services.
2. Recession-conscious Consumerism - Consumers becoming more cautious with their spending and looking for creative ways to save money.
3. Non-monetary Exchanges - Growing acceptance of non-monetary transactions as an alternative form of payment.
Industry Implications
1. Hospitality - Opportunity for restaurants and lounges to attract customers by accepting non-monetary forms of payment.
2. Retail - Retailers can explore bartering as a way to attract customers and reduce inventory costs.
3. Service-based Industries - Service providers can benefit from bartering by exchanging their services with other businesses to meet their needs.