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en:business_use [2022/07/26 23:05] david [Advantages of Minuto for businesses] |
en:business_use [2022/08/06 17:03] (current) david [Starting with Minuto] |
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===== Starting with Minuto ===== | ===== Starting with Minuto ===== | ||
- | ==== Set a conversion rate ==== | + | This text is about starting with Minuto as a business. To start as a private person read more [[en: |
- | At the beginning, you need to agree on an conversion rate with others | + | ==== Legal notice ==== |
+ | Initially, the concept of Minuto was created | ||
- | You can read more about starting with Minuto as a private person [[en:how-to-start|here]]. | + | It should be clarified, inter alia, whether and in what extent |
+ | ==== Set a conversion rate ==== | ||
+ | To start, you need to agree on a conversion rate with others in your region, see [[en: | ||
==== Minuto cash box ==== | ==== Minuto cash box ==== | ||
+ | |||
+ | In the beginning, especially in a business environment, | ||
+ | |||
+ | For example, if 120 Minuto are deposited in the cash register as " | ||
In order to make all business transactions with Minuto as efficiant as possible and to be legally and fiscally compliant, the idea of a parallel [[cashbox|Minuto cash box]] has developed. This is an important concept for business use and easy to apply, especially for small businesses. If you are aiming for business use, you almost can't avoid this concept. For details see [[en: | In order to make all business transactions with Minuto as efficiant as possible and to be legally and fiscally compliant, the idea of a parallel [[cashbox|Minuto cash box]] has developed. This is an important concept for business use and easy to apply, especially for small businesses. If you are aiming for business use, you almost can't avoid this concept. For details see [[en: | ||
===== Issuing Minutos ===== | ===== Issuing Minutos ===== | ||
+ | |||
+ | [{{ : | ||
+ | Basically, the regular procedure applies, see [[en: | ||
+ | |||
+ | Please notice that only people can provide a service even if you put advertisement for your business on your Minutos. Thus, although Minuto can be created with a company stamp, it is advisable that it shows the name of a human being, e.g. the CEO. Ultimately, the person who signs for it is liable for the time that is written on the voucher. In the event of the company' | ||
+ | |||
+ | ==== How to use Minutos as an advertising opportunity ==== | ||
+ | |||
+ | Naturally, an advantage of Minuto is that you can use the back for advertisement of your own business. Compared to other advertising opportunities, | ||
+ | |||
+ | ==== Strengthening of the regional economy and image gain ==== | ||
+ | |||
+ | In addition, the reputation for your business increases, since the ad shows that your company is actively engaged for the region. This promotes that you keep money in the region, prot the environment, | ||
+ | |||
+ | ==== Accounting and circulation control ==== | ||
Businesses required to prepare financial statements must record self-issued Minutos in circulation as an open benefit obligation. | Businesses required to prepare financial statements must record self-issued Minutos in circulation as an open benefit obligation. | ||
+ | ===== How to pay Minutos ===== | ||
- | ===== Set the acceptance perimeter for Minuto vouchers ===== | + | Basically, |
- | [{{ : | + | ==== Accounting ==== |
- | Since Minuto are issued in different regions, you should consider from which region or area you accept Minuto vouchers. In the figure, under point 3, the postal code of the region where the Minuto voucher was issued is indicated. | + | |
- | In the region or in the postal code area where the Minuto | + | Expenditures |
- | The size of the radius from which one accepts Minuto can, of course, also increase over time due to new business contacts in new regions. In this way, it may be easier to issue Minuto from this new region, s|ee also [[en: | + | ==== Validity ==== |
+ | It is important to know that you may only bring your own Minutos back into circulation if they are still valid for more then three years, see [[en: | ||
- | ===== How to use or circulate | + | ==== How bring Minuto |
- | Using Minuto | + | Another way to bring your own Minuto |
- | For example, if your business sells something for EUR 50 then you take the appropriate value in Minutos in and register it at EUR 50 of cash in your accounting. If these Minutos are spent again, it is booked at the appropriate value in EUR. | + | ===== Wage payments ===== |
- | In the beginning, especially in a business | + | ==== Germany ==== |
+ | German trade regulations require that wages be paid in Euro ([[https:// | ||
- | For example, if 100 Minuto are deposited in the cash register as " | + | Example: As a small business owner you need a temporary worker from time to time for 15€ per hour. You can offer the employee an exchange of the paid wage into Minutos. If he/she wants to exchange the whole Euro amount, you can exchange the 15€ into 30 Minuto (at a [[en: |
- | ===== How to exchange ===== | + | ==== Switzerland |
- | Thus, these own Minuto then come into circulation | + | In Switzerland, wages must be paid in the legal currency (Swiss Francs), unless otherwise agreed or customary ([[https:// |
+ | \\ | ||
- | Another way to circulate your own Minuto is, of course, simply to spend your own Minuto privately at other acceptance points.\\ | + | ===== How to accept Minutos ===== |
- | It is important to know that you may only bring your own Minutos back into circulation if they are still valid for more then three years, see [[en:rules]]. Otherwise you must withdraw them from the cash register as a private withdrawal and then destroy them. | + | Basically, the regular procedure applies, see [[en:acceptance|How to accept]]. For paying wages see below. |
- | ===== How to use Minutos as an advertising opportunity ===== | + | ==== Set the acceptance perimeter |
- | Naturally, an advantage of Minuto | + | Since Minuto |
- | In addition, the reputation for your business increases, since the ad shows that your company is actively engaged for the region. This promotes that you keep money in the region, prot the environment, strengthen small businesses, and so on. In short, you promote all the benefits that come from having a regional currency like Minuto.\\ | + | In the region |
- | Please notice that only people can provide a service even if you put advertisement for your business on your Minutos. Thus, although | + | The size of the radius from which one accepts |
- | ===== Accepting Minutos as a share only ===== | + | ==== Accepting Minutos as a share only ==== |
Especially when launching a regional currency there is the problem that the first business participants may not find enough participants who accept Minuto. Thus, Minuto can accumulate quickly and the income of the official currency is missing, e.g. to pay expenses or taxes. This can be circumvented by accepting only a share in Minuto.\\ | Especially when launching a regional currency there is the problem that the first business participants may not find enough participants who accept Minuto. Thus, Minuto can accumulate quickly and the income of the official currency is missing, e.g. to pay expenses or taxes. This can be circumvented by accepting only a share in Minuto.\\ | ||
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In the service sector, the share can also be much higher at the beginning, for example 50%, because the overhead costs are much lower there. Even if it is only a share that is accepted in Minuto, one makes a clear contribution that money is bound regionally and thus the many advantages for the region and environment come to light.\\ | In the service sector, the share can also be much higher at the beginning, for example 50%, because the overhead costs are much lower there. Even if it is only a share that is accepted in Minuto, one makes a clear contribution that money is bound regionally and thus the many advantages for the region and environment come to light.\\ | ||
- | ===== Wage payments ===== | + | ==== Accounting |
- | ==== Germany ==== | + | Revenues |
- | German trade regulations require that wages be paid in Euro ([[https:// | + | |
- | Example: As a small business owner you need a temporary worker from time to time for 15€ per hour. You can offer the employee an exchange of the paid wage into Minutos. If he/she wants to exchange the whole Euro amount, you can exchange the 15€ into 30 Minuto (at a [[en: | + | ===== Ways of promoting Minuto ===== |
- | ==== Switzerland | + | |
- | In Switzerland, | + | See the general tips under [[en:how-to-start# |
- | \\ | + | |
- | ===== Taxes ===== | + | ==== Map of Tomorrow |
+ | If your company is committed to a human future, add it to the [[https:// | ||
- | Fiscally, the income with Minuto is easy to handle: Minutos that are taken are converted normally with the respective conversion rate in the official currency (see [[en:conversion|How to convert]]) and that is the amount that you taxed. | + | ==== Exchange Shelf ==== |
+ | Offer Minuto users in your region an exchange shelf in your store or café for homemade goods such as creams, jams or crocheted items that can only be paid for in Minuto. Put info about Minuto on the shelf. This is a simple, playful start for Minuto | ||
+ | |||
+ | ==== Minuto info ==== | ||
+ | Put up Minuto info in a store in paper form to take away, with or without QR code, and also point it out online, | ||
+ | |||
+ | |||
+ | ===== Taxes ===== | ||
+ | Fiscally, the income with Minuto is easy to handle: Minutos that are taken are converted normally with the respective conversion rate in the official currency (see [[en: | ||
===== Legal notice ===== | ===== Legal notice ===== |