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BUILDING  BRIDGES
Supporting businesses by lending good money to good businesses.  
September 2009 - Vol 2, Issue 9
In This Issue
Entrepreneur of the Month
Numbers in the News
Business Financing Choices
Letting Go
Notary Facts
Productivity Myths
Product Recalls
September Holidays
Thoughtful Thoughts
Words of Wisdom
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Greetings!
Lisa Mazon
September is upon us.  Summer is officially over.  Children are back to school and their studies.  We have come up with quite a variety of articles in this issue of Building Bridges which you may find useful, educational and entertaining.  We welcome your feedback on the newsletter articles, and will continue to enthusiastically research any new items of interest to our readers!
 
Regards,
Lisa Mazon
 
 
$$$ Refer & Earn $$$ 

Mazon_Referral_CheersBusiness contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services.  See our referral program at the end of this newsletter.
 
 
Entrepreneur of the Month:  Shoe Show, Inc.
 
Shoe ShowBorn in Badin, North Carolina in 1937, Robert Tucker attended high school in Kannapolis, NC.  He struggled in the classroom, but excelled in sports (track & field), earning several medals along the way.  Robert graduated from high school in 1957, and made plans to marry Carolyn, his high school sweetheart that same summer.  Since Robert was a child, he had always been a hard worker, intent on earning money, a trait inspired and encouraged by his mother, Gertrude Tucker.  During his high school years he had held several jobs including delivering newspapers on his bicycle, some door-to-door selling, working in his stepfather's restaurant, working at the local Dairy Queen drive-in restaurant, working on his grandparents' farm in Stanly County and working part-time in a local shoe store.  After Robert and Carolyn married, he went to work at a local retail shoe store.  His ability to know what his customers wanted, his work ethic, quick learning and natural talent as an entrepreneur led to the 1960 opening of his first self-service shoe store in Kannapolis, NC.  Robert and Carolyn named their new store "Shoe Show" because they shopped at shoe shows for merchandise to stock the store.  To keep expenses down, they found used carpet from a church that had undergone renovation and picked up a secondhand cash register for $75.  Instead of ordering standard business telephone service, he asked for a less expensive two-party line.  He ordered a simple black and white sign to hang over the store entrance and designed shoe racks so they could be made cheaply out of plywood and lumber. 
 
Slowly and steadily, the business expanded into markets which competitors often overlooked, first in eastern North Carolina, and then to smaller towns beyond North Carolina.  Shoe Show has and continues to operate on a simple, basic principle of providing quality products, service and value - a principle that has withstood the competition, the ups and downs in the economy, and the changing habits of consumers. Nearly 50 years later, Shoe Show, Inc. has outlasted others to become the nation's largest independent shoe retailer with 1,117 locations in 36 states with stores named Shoe Show, Shoe Dept. and Burlington Shoes.  Expense control has always been Shoe Show, Inc.'s corporate structure, continually holding expenses to a minimum.  Shoe Show has no public relations department or company spokesperson.  Robert Tucker is the sole shareholder and does not answer to outside investors.  He has no detailed strategic plan.  Although he is continually watching expenses and doesn't buy what Shoe Show can produce on its own, his employees are some of the best paid in the industry and he benefits from their loyalty and accumulated experience.  Robert Tucker once told a reporter, "Most businesses don't go broke for lack of sales, they go broke for lack of controlling expenses."
 
Today, the Tuckers are millionaires many times over and live a modest lifestyle in Concord, NC.  Both Robert and Carolyn continue to work every day and have no plans to retire.  In their leisure time, Carolyn enjoys gardening and Robert pursues his life-long passion for hunting.  They own a 600-acre farm in Albemarle, NC (Stanly County) which today is used for recreation, family get-togethers, horse riding, hunting, growing hay for their horses and corn.  Their four children (Gregory, Jacqueline, Lisa and Bobby) were introduced to the family business as youngsters and hold key positions at Shoe Show.  The Tuckers place great value on social and community activities that assist the local area. Shoe Show, Inc. is active in a number of charitable causes including Cooperative Christian Ministries, Bible Teaching Associations, Salvation Army, Hospice and Palliative Care of Cabarrus County, Crisis Pregnancy Center, CVAN, Gardner-Webb University, and Association of Retarded Citizens.  The Tuckers credit their love of God, love for each other, their family and others for the success of Shoe Show, Inc. 
 
You can read the history of Shoe Show, Inc. in the newly published 126-page book, Under the Radar, How Robert Tucker Built Shoe Show, Inc. into the Nation's Largest Independent Shoe Retailer by Howard E. Covington, Jr. (sold only at Shoe Show stores and on their website
www.shoeshow.com (Printed with permission of Carolyn Tucker.)
 
 
Numbers in the News:  Franchise Tax 
  
CityscapeFranchise tax is a tax charged by some states to corporations formed in those states based on the number of shares they issue or, in some cases, the amount of their assets. The purpose of the tax is to raise revenue for the state.  Sometimes states with higher corporate income taxes usually have low franchise taxes and vise versa.  For example, Delaware has a significant franchise tax but has no corporate income tax at all for companies listed in the state but doing business outside of the state, and Nevada has no corporate or franchise tax at all.  Each state is different and if you are a corporation doing business in your home state or other states, you can find information on the internet by searching the name of the state and "franchise tax."
 
Texas franchise tax is imposed on all corporations which actively do business in Texas. There is no minimum Texas franchise tax.  Corporations will not owe any tax if the gross receipts for their entire business for both taxable capital and taxable earned surplus are each less than $150,000 during the period upon which the tax is based.  Corporations that owe less than $100 do not have to pay any tax, but are still required to file two yearly reports (Franchise Tax Report and either a Public Information Report or Ownership Information Report).  The corporation's initial report is due one year and 89 days after the corporation's beginning date.  After the initial report is filed, the corporation will file annual reports each May 15. 
 
To learn more about franchise tax, doing business in Texas, check your franchise tax account status, locate a field office (to expedite processing) or access FAQs, go to http://www.window.state.tx.us/taxinfo/franchise/index.html.  If your company shows "Not In Good Standing," it means either that reports are due and/or money is owed to the Texas Comptroller.  To expedite the process to correct a negative status, visit a local field office (http://www.window.state.tx.us/taxinfo/fieldoff.html).  (Note:  If a "Not In Good Standing" status exists for your corporation, another company can legally lay claim to your corporate name!)  To contact the Comptroller of the Currency phone 1-800-1381 or email tax.help@cpa.state.tx.us
 
The Texas Comptroller's office serves the state by collecting more than 60 separate taxes, fees and assessments, including local sales taxes collected on behalf of more than 1,400 cities, counties and other local governments around the state.  State taxes and fees will generate an estimated $77.5 billion in the state's 2008-09 budget period.  For a detailed list of specific activities which constitute doing business in Texas, you can access the Texas Administrative Code Rule 3.546 by clicking this link:  http://tinyurl.com/ntzshw.  For more information on doing business in Texas, you can access the Texas Comptroller's website at http://www.window.state.tx.us.
 
 
Business Financing Choices
 
Credit CardIf you have a business or know of a business that relies heavily on MasterCard, Visa, American Express and Discover credit card sales and needs capital, Mazon Associates would like to introduce you to Express Working Capital located in Irving, Texas.  EWC's merchant cash advance program provides businesses with funding by purchasing a portion of the company's future credit card sales at a discount and making the deposit into your bank account.  Then, a small percentage of your future daily credit card sales are collected for repayment.  When the advance balance is paid down, the account can be renewed for additional funding.  Express Working Capital has been in business since September 2007 and has a Better Business Bureau rating of A- (for length of time as a BBB Accredited Business), supports BBB's services to the public and meets the BBB's Accreditation standards.  To find out more about this particular business financing go to www.expressworkingcapital.com.  Anyone who references this newsletter is eligible for a special discounted rate!
 
 
Letting Go
 
DoorsSurely, you've heard the saying that, "When one door closes, another opens."  This saying is true, but it comes with a hidden catch.  The person in the picture to the left is faced with a closed door, but because he refuses to let go of the door in front of him, he cannot see that a new door has opened behind him.  Alexander Graham Bell summed this idea up well when he said, "When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the ones which opened for us."
 
What this means in the real world is that when we dwell on things that did not work out, we can often miss out on new opportunities that are waiting for us.  For example, imagine that you worked hard on a business deal only to find that things didn't work out the way you anticipated.  If you continue to focus on the situation instead of letting it go, you may miss new business opportunities that are waiting for you.  Similarly, when a relationship ends, we can get so caught up in analyzing what went wrong that we can miss the opportunity to develop new relationships.
 
Of course, letting go is easier said than done.  When a door closes on part of our life, it is natural to feel upset and disappointed.  As you overcome these feelings, it is important to find the courage to let go of the closed door in order to find the new door that is waiting for you.
 
The next time you are faced with a closed door: (1) Give yourself time to recover and find your feet.  (2) Make the decision to let go of the closed door.  (3) Begin to look for the new door that will lead to the future that is waiting for you.  (Reprinted with permission from Dr. Anthony Fernando, www.anthonyfernando.com)
 
 
Notary Facts 
 
Mazon_Notary
It is a Notary's responsibility to properly identify and verify all document signers during the notarization process.  In the United States, proof of identity normally is the signer's driver license.  But what if the signer is from a different country and has no American driver license?  Can a Notary still complete the notarization?  Best practices stipulate that acceptable ID should be current, issued by a government, include identification number, a photograph and physical description of the signer, and come with the signer's signature.  According to The National Notary Association, a current foreign passport, stamped by the U.S. Citizenship and Immigration Services (USCIS) is acceptable alternative identification.  But don't be thrown if a foreign passport is missing one or more elements traditionally included in domestic IDs as different nations have different requirements for their passports.  The key here is that the passport must be stamped by USCIS.  Of course, it is not a cookie-cutter world and states have different requirements for foreign passports.  If a signer has no identification at all, you can still rely on a credible identifying witness regardless of citizenship or immigration status.
 
If you have further questions, please contact:  National Notary Association, www.NationalNotary.org.
 
 
Productivity Myths That Hold You Back 
  
File Cabinet
 
Myth 9:  Being organized is boring.
 
Fact:  This myth is misguided because it places attention in the wrong place.  Being organized isn't boring - being bored is boring.  Make your own excitement and you'll stop being bored.  (Source:  www.mercola.com)
 
 
Product Recalls 
 
Recalls
The following recent recalls were issued by the U.S. consumer Product Safety Commission.  More details can be found at www.cpsc.gov.  To report a dangerous product or a product-related injury, call CPSC's hotline at 800-638-2772.  Energizer Light On Demand Wallplate Nightlights (Imp: Energizer, St. Louis, MO); Homelite, Husky and Black Max Brand Generators sold exclusively at Home Depot and Sam's Club Stores (Dist: Homelite Consumer Products, Anderson, SC); Psyclone Essentials and React Wii 4-Dock Battery Recharge Stations (Dist: Griffin International, Minneapolis, MN); Black & Decker GH1000 Grasshog XP String Trimmer/Edgers (Mfg: Black & Decker, Towson, MD); Purdy 2-1/2" 4-Edge Scrapers (Dist: The Sherwin-Williams Co., Cleveland, OH); Crosley, Frigidaire, Kelvinator, Kenmore, Wascomat and White-Westinghouse clothes washers (Dist: Frigidaire, Cleveland, OH); Enviro-Flo Plus Fuel Containers (1 and 2 gallon container sizes) (Mfg: Blitz USA, Miami, OK); Sevylor Tow Behinds with Quick Hitch Connectors (Imp: Sevca, Wichita, KS); 208-Volt and 240-Volt Thermostats (Imp/Dist: OJ Electronics, Chicago, IL); Blue Ember Gas Grills (Imp: Fiesta Gas Grills, Dickson, TN); Elliptical Cross Trainers (Mfg: Stamina Products, Springfield, MO); H2O Mop Steam Cleaners (Dist: Thane International, La Quinta, CA).
 
NoteIf you're planning a garage sale or organizing a church bazaar, you'd best beware:  You could be breaking a new federal law.  As part of a campaign called Resale Roundup, the federal government is cracking down on the secondhand sales of dangerous and defective products.  The initiative, which targets toys and other products for children, enforces a new provision that makes it a federal crime to resell anything that has been recalled by its manufacturer. . . . This affects sellers ranging from major thrift-store operators such as Goodwill and the Salvation Army to everyday Americans cleaning out their attics for yard sales, church bazaars or - increasingly - digital hawking on eBay, Craigslist and other web sites.  (Source: James Rosen/McClatchy Newspapers http://tinyurl.com/knkkwo)
 
 
September 2009 Holidays, Observances, Celebrations and Events 
 
Balloons
Sept. 7: Labor Day; Sept. 11: Patriot Day; Sept. 13: Grandparents Day; Sept. 15-Oct. 15: National Hispanic Heritage Month; Sept. 16: Mayflower Day, Stepfamily Day; Sept. 17: Constitution Day and Week, Citizenship Day; Sept.19: Talk Like a Pirate Day; Sept. 21: International Day of Peace; Sept. 22: American Business Women's Day, First Day of Autumn; Sept 25: Native American Day, National Day of Remembrance for Murder Victims; Sept. 26: Johnny Appleseed Day.
 
Notice:  Mazon offices will be closed on Monday, September 7th in observance of Labor Day.  We will resume normal business hours of 8:30 a.m. to 5:00 p.m. on Tuesday, September 8th.  You may still submit invoices during our closed hours via fax, e-mail or drop-slot to be processed on Tuesday.
 
 
 Thoughtful Thoughts
  Chance
 
Take a chance!  All life is a chance.  The person who goes farthest is generally the one who is willing to do and dare.
 
Dale Carnegie (1888 - 1955)
 
 
Words of Wisdom 
 
EnvelopeA man had just been hired as the new CEO of a large high-tech corporation.  The CEO who was stepping down met with him privately and presented him with three numbered envelopes.  "Open these if you run up against a problem you don't think you can solve" he said.
 
Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat.  About at his wits' end, he remembered the envelopes.  He went to his drawer and took out the first envelope.  The message read, "Blame your predecessor."
 
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO.  Satisfied with his comments, the press - and Wall Street - responded positively, sales began to pick up and the problem was soon behind him.
 
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems.  Having learned from his previous experience, the CEO quickly opened the second envelope.  The message read, "Reorganize." This he did, and the company quickly rebounded.
 
After several consecutive profitable quarters, the company once again fell on difficult times.  The CEO went to his office, closed the door and opened the third envelope.  The message said, "Prepare three envelopes . . . ."    (Contributed by Kurt Simmons)
 
 

      Earn 10% Monthly Referral Fees!

 
No Expiration Date!

Cash LeftCash RightMost of Mazon's clients have come to us through referrals of current and former clients.  We rely heavily on word-of-mouth marketing to bring in new clients.  Our monthly referral payment to you is 10% of our monthly factoring fee (determined at the time of client sign-up) and continues for as long as the business remains with Mazon Associates.

Potential clients include start-up businesses, high-growth businesses, undercapitalized businesses with historical operating losses, businesses with tax liens, turnaround situations. Other potential clients could be businesses who have been turned down for a bank loan and/or do not currently meet a bank's credit criteria; have delivered a service or product to other businesses and have invoices that can be independently verified; expresses cash flow problems and have a cash flow need; and/or companies expecting rapid growth.  The potential client can be located in any of the 50 contiguous United States.

Prospects are usually businesses that are manufacturers, distributors and service companies. Traditionally, Mazon has had businesses in the following areas: advertising; apparel, courier/delivery services, environmental service companies; manufacturing; printing; start-up and early stage/growth companies; staffing companies; telecommunications; and transportation.

We do not accept businesses which have a majority of consumer receivables such as retail businesses, progress billings, third party pay medical receivables and certain construction-related businesses.

 
 
For more information on our referral program, please contact Lisa Mazon
by telephone 972-554-6967 ext. 238 or 1-800-442-2740, or by email lisa@mazon.com

(You are not required to be a Mazon client to refer a business and receive a referral fee!)

 
 
Idea BulbIf you liked this issue of Building Bridges, please forward it to a friend.  We invite you to share your newsletter thoughts with us.  If you would like to submit an idea, article or joke for consideration in a future issue of Building Bridges, or just want to tell us how we are doing, please email our creator and editor, Linda Burson, at MazonNewsletter@Mazon.com.
 
Building Bridges carries no paid advertising.  All articles, images and links are for our readers' knowledge and enjoyment only.
 
Mazon Associates, Inc.
600 W. Airport Fwy., Irving, TX 75062
P.O. Box 166858, Irving, TX 75016
Telephone: 972-554-6967     Toll Free: 800-442-2740
Fax: 972-554-0951
Business Hours:  Mon.-Fri. 8:30 a.m. - 5:00 p.m.
Website:  www.Mazon.com