BUILDING BRIDGES
Supporting businesses by lending good money to good businesses.
October 2011 - Vol 4, Issue 10
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Greetings! |

Mazon Associates would like to take a moment to again thank our clients and customers for being the reason we are in business. We have seen a lot of growth in receivables as we progress through each month, and can honestly say it is because we work with the best companies! We are thrilled to see our Texas Rangers returning to the play-offs for the second year in a row, and certainly hope they win the World Series! You might notice in "October Holidays" below that we have quite a lot of fun holidays to look forward to this month, a couple of which have customer service themes (a Mazon priority!). The Texas State Fair takes place in Dallas Sept. 30 through Oct. 23, and hope you get an opportunity to attend if you are in the area. Halloween decorations can be seen around our office this month to keep everyone in a festive mood for Oct. 31st -- please drop by for some Halloween treats if you are nearby our office! We all wish you much continued success and Happy October! Lisa Mazon |
$$$ Refer & Earn $$$ |
Business contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services. |
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October's Entrepreneur: Richard S. Reynolds, Sr. |
Richard Samuel Reynolds was born August 15, 1881 in Bristol, Tennessee to Abraham Reynolds, a tobacco merchant, and his wife Senah Ann. He was the fifth of the couple's eight children. He dropped out of two law schools before going to work for his uncle, tobacco king R.J. Reynolds, in 1902 as a vice president. While there, he designed and improved a waterproof tin for the company's Prince Albert brand pipe tobacco. He left the company in 1912 to start a soap and cleaning supply company, which sadly failed after several years. Richard then borrowed $100,000 from R.J. Reynolds Tobacco Company in 1919 to purchase a small one-story building in Louisville, Kentucky and started United States Tin Foil Company (U.S. Foil) to supply lead and tin foil wrappers to cigarette and candy companies. In 1924, the company purchased the Eskimo Pie Company. U.S. Foil began producing aluminum foil for packaging in 1926. Two years later, the company purchased several other companies and renamed the company Reynolds Metals. The company reported annual sales of $13 million in 1930. The following year, Reynolds headquarters was relocated to New York City, and then moved again in 1938 to Richmond, Virginia.
In 1940, Reynolds Metals began mining aluminum ore (bauxite) in Arkansas and soon after borrowed $15 million to open its first aluminum smelting facility in Sheffield, Alabama (1941). The company pioneered the development of aluminum siding in 1945. Reynolds Wrap Aluminum Foil was created in 1947, transforming food storage everywhere. Aluminum beer cans made their debut in the late 1950s, and Reynolds was quick to take notice. It began manufacturing 12-ounce aluminum cans for the Theodore Hamm Brewing Company of Minnesota in 1963, and four years later it introduced the first aluminum cans for Pepsi and Diet Pepsi. (Today, more than half of all beverages sold in American supermarkets come in aluminum packaging.) Reynolds Metals later expanded into non-aluminum products such as plastics and precious metals, and introduced Reynolds Plastic Wrap in 1982.
Richard S. Reynolds, Sr. held the position of president of Reynolds Metals from 1919-1948 and was a member of the Board from 1948 to 1955. He died on July 29, 1955 (at the age of 74) in Richmond, Virginia of a fatal heart attack related to obesity.
All four of Richard and wife Julia's (whom he married in 1904) sons and one daughter held leadership positions in Reynolds Metals. Richard S. Reynolds, Jr. succeeded his father as president in 1948, and in 1976 David P. Reynolds took over as president. David was the last member of his family to head the company and retired as its chairman in 1995. David P. Reynolds passed away on August 31, 2011 in Richmond, Virginia at the age of 96.
In 1991, Reynolds Metals was the second largest aluminum company in the United States and third largest in the world (behind Alcoa). They employed 30,800 workers at more than 100 operations in 20 countries, including 64 plants in the United States, and had a total production capacity of more than 1 million tons of aluminum and aluminum products. Reported company sales in 1996 were $7.01 billion. The company merged with Alcoa on May 3, 2000 to become the largest aluminum company in the United States.
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Numbers In the News |
The observance of Halloween, which dates back to Celtic rituals thousands of years ago, has long been associated with images of witches, ghosts and vampires. Over the years, Halloween customs and rituals have changed dramatically. Today, Halloween is celebrated many different ways, including wearing costumes, children trick or treating, carving pumpkins, and going to haunted houses and parties. The following facts are from the U.S. Census Bureau statistics:
o The estimated number of potential trick-or-treaters (children 5-13) across the United States in 2009 = 36 million
o Number of occupied housing units across the nation in 2009 (all potential stops for trick-or-treaters) = 111.3 million
o Percentage of households in 2005 with residents who consider their neighborhood safe = 92%. In addition, 78% said there was no place within a mile of their homes where they would be afraid to walk alone at night.
o Total production of pumpkins by major pumpkin-producing states in 2009 = 931 million pounds
o Number of U.S. manufacturing establishments that produced chocolate and cocoa products in 2008 (employing 38,369 people) = 1,317
o Number of U.S. establishments that manufactured non-chocolate confectionary products in 2008 (employing 16,860 people) = 422
o Per capita consumption of candy by Americans in 2009 = 24.3 pounds
o Number of costume rental and formal wear establishments across the nation in 2008 = 1,814
o Where to spend Halloween that may put you in the Halloween mood are: Transylvania County, N.C.; Tombstone, AZ; Pumpkin Center, N.C.; Pumpkin Bend, AR; Cape Fear, New Hanover County, N.C.; Cape Fear, Chatham County, N.C.; Skull Creek, NE.
(Source: U.S. Census Bureau News, Facts for Features)
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Can Mazon Associates help me with a small business start-up loan? |
 Unfortunately, Mazon Associates does not provide up-front start-up loans to folks interested in starting their own business. However, once your business has been established, and you have business-to-business invoices to your customers, we would be more than happy to review your submitted application to become a Mazon client. Mazon clients are provided a 90-day loan against each approved outstanding invoice in the form of factoring. You may view the types of businesses we factor under the heading, "About Our Clients" at the end of this newsletter, If you would like to find out more about our factoring services for your business and/or apply for an account with Mazon Associates, please phone us at 972-554-6967 (toll-free 800-442-2740) or visit our website www.mazon.com. |
How to Handle Feedback |
An important skill for achieving success in life is learning how to respond to feedback from the people around you. When you master this skill, you'll have the power to improve almost every aspect of your life.
Positive feedback (complements) are gifts that should be acknowledged and appreciated like any other gifts. Surprisingly, many people dismiss positive feedback with off-hand, dismissive comments, which is the equivalent of being handed a gift and tossing it over your shoulder without even opening it. A good way to respond to positive feedback is to simply make eye contact, smile and say, "Thank you." By doing this, you will acknowledge and enjoy the gift of positive feedback.
Constructive negative feedback is the most beneficial type of feedback of all. While positive feedback can help you feel better, constructive negative feedback can help get you better. Many people get defensive when someone gives them constructive negative feedback and say things like, "What would she know!" or alternatively, they try and justify themselves and prove the other person wrong. A better way to respond to constructive feedback is to thank the person for taking the time to provide you with feedback and then ask yourself, "How can I use this feedback to improve?" This can be a powerful tool for improving your business, your work environment and your relationships.
Destructive negative feedback is negative energy that is meant to cause pain rather than help you to improve. The important thing to understand about destructive feedback is that it is often a way for someone to lash out at the world around them. In many cases it has very little to do with you and everything to do with the way that person is feeling about themselves and their own problems. The best way to deal with destructive negative feedback is to recognize it for what it is and just let it go without taking it to heart.
Unfortunately, many people have their "feedback model" back-to-front. They dismiss positive feedback, fight constructive negative feedback and dwell on destructive negative feedback. If instead you can learn to accept and enjoy positive feedback, use constructive negative feedback to constantly improve and avoid destructive negative feedback, you will greatly accelerate your progress to success.
(Source: Dr. Anthony Fernando, www.anthonyfernando.com)
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Being Proactive on Tax Returns |
It is never too early to start planning for filing your next year's federal tax return. The IRS recently published organization tips for helping taxpayers reduce tax-time stress:
o Generally, you should keep any and all documents that may have an impact on your federal tax return. In most cases, you are not required to keep these in any special manner.
o Individual taxpayers should normally keep the following records supporting tax returns for at least three years: Bills; credit card and other receipts; invoices; mileage logs; canceled, imaged or substitute checks or any other proof of payment; any other records to support deductions or credits you claim on your return.
o You should normally keep records relating to real estate until at least three years after you sell or otherwise dispose of the property.
o Small business owners must keep all employment tax records for at least four years after the tax becomes due or is paid, whichever is later. Examples are Gross receipts; proof of purchases, expense documents, documents to verity your assets.
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Business Statistics |

In its summer 2011 issue of the Statistics of Income (SOI) Bulletin, the Internal Revenue Service reported that nearly 22.7 million individual income tax returns reported non-farm sole proprietorship activity for 2009. Reported profits for those sole proprietorships were $244.8 billion.
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Product Recalls and Alerts |
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 or visit http://SaferProducts.gov.
Chefmate 6-Speed Blender (Imp: Target Corp., Minneapolis, MN); Goldstar and Comfort-Aire Dehumidifiers (Mfg: LG Electronics Tianjin Appliance Co., China - sold at several retailers nationwide); D100 Lawn Tractors (Mfg: Deere & Co., Moline, IL); LED Night Lights (Imp: Corvest Acquisition/Camsing Global, Largo, FL); Pourable Gel Fuel (Nine manufacturers).
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October 2011 Holidays, Observances, Celebrations and Events |
Oct. 4: Child Health Day, National Golf Day; Oct. 6: Physician Assistant Day, National German-American Day; Oct. 7: World Smile Day; Oct. 8: National Children's Day; Oct. 9: Leif Erikson Day; Oct. 10: Columbus Day; Oct. 14: Peace Corps Birthday; Oct. 16: National Boss Day, Dictionary Day, World Food Day; Oct. 22: Make a Difference Day; Oct: 23: Mother-In-Law Day; Oct. 24. United Nations Day; Oct. 27: Navy Day; Oct. 30: National Candy Corn Day; Oct. 31: Halloween Day.
Notice: Mazon offices will be closed on Monday, Oct. 10th in observance of Columbus Day. We will resume normal business hours of 8:30 a.m. to 5:00 p.m. on Tuesday, Oct. 11th. You may still submit invoices during our closed hours via fax, e-mail or drop-slot to be processed on Tuesday.
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World Smile Day, Oct. 7 |
World Smile Day is celebrated on the first Friday in October every year. The idea of World Smile Day was coined and initiated by Harvey Ball, a commercial artist from Worcester, Massachusetts who is said to have created the Smiley Face in 1963. The World's first World Smile Day was held in the year 1999 and has been held annually since. After Harvey died in 2001, the "Harvey Ball World Smile Foundation" was created to honor his name and memory. The slogan of the Smile Foundation is "improving this world, one smile at a time." The Foundation continues as the official sponsor of World Smile Day each year.
Smiles make us more attractive, making people around us feel comfortable and happy.
Smiles change our feelings when we are sad.
Smiles are contagious to those around us.
Smiles relieve stress and make us think more clearly.
Smiles make the immune system work better by relaxing the body.
Smiling lowers blood pressure.
Smiles are like natural remedies as they can produce endorphins.
Smiles make us ageless as it moves more muscles making us appear more youthful.
Smiles make us look successful, confident, popular and reliable.
Smiles make people think positive as the body sends a signal "life is good!"
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Thoughtful Thoughts |

Now that I am ninety-five years old, looking back over the years, I have seen many changes taking place, so many inventions have been made. Things now go faster. In olden times things were not so rushed. I think people were more content, more satisfied with life than they are today. You don't hear nearly as much laughter and shouting as you did in my day, and what was fun for us wouldn't be fun now.... In this age I don't think people are as happy, they are worried. They're too anxious to get ahead of their neighbors, they are striving and striving to get something better. I do think in a way that they have too much now. We did with much less.
- Grandma Moses (1860-1961)
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October's Business Book Pick of the Month |
Decency, by Charles S. Lauer, ISBN 0-9743860-2-2 (hard cover); 0-9743860-3-0 (soft cover). Available from www.SecondRiverHealthcare.com
Decencyis about doing the right thing and being a good person. This book weaves stories of these passions into a quilt of reminders. As Chuck Lauer spins tales from his experiences and observations, he incorporates a lesson. And in each lesson touches on an aspect of decency. (This book is part of the Chuck Lauer Trilogy available in paperback or hardcover editions: Decency; Reach for the Stars: Pursuing Success Through Excellency; Soar with the Eagles: A Challenge to Excellence.)
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Photographer Works |
There was this haunted house on the outskirts of the town which was avoided by all the townsfolk - the ghost which "lived" there was feared by all.
However, an enterprising journalist decided to get the scoop of the day by photographing the fearsome phantom. When he entered the house, armed with only his camera, the ghost descended upon him, clanking chains, etc. He told the ghost, "I mean no harm. I just want your photograph." The ghost was quite happy at his chance to make the headlines and posed for a number of ghostly shots.
The happy journalist rushed back to his darkroom and began developing the photos. Unfortunately, they turned out to be black and underexposed.
So, what is the moral of the story? The spirit was willing but the flash was weak.
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About
Our
Clients |
Our clients are traditionally businesses that are manufacturers, distributors and service companies in the following areas: advertising / marketing / apparel / design / courier / delivery services / equipment repair / equipment maintenance / environmental services / graphic design / signage / printing / staffing / employment services / security services / catering / food services / legal services / light construction / telecommunications / transportation.
Our clients may include start-up, early-stage growth and high growth businesses; under-capitalized businesses with historical operating losses; businesses with cash flow problems having a cash flow need; businesses with tax liens or turnaround situations; businesses who may have been turned down for bank loans and/or do not currently meet a bank's credit criteria.
Our clients have delivered services or products to other businesses and have business-to-business invoices that can be independently verified.
Most of our 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 -- and we offer a referral program.
Our clients are located in any of the 50 states in the U.S.A.
We do not accept as clients 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 about becoming a client, please contact us by telephone 972-554-6967 ext. 238 or 1-800-442-2740, or visit our website www.mazon.com. | |
 If 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 us at MazonNewsletter@Mazon.com. Building Bridges carries no paid advertising. All articles, images and links are for our readers' knowledge and enjoyment only. (Mazon is now on Facebook!)
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. |
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