Mason Logo
 

BUILDING  BRIDGES

Supporting businesses by lending good money to good businesses.  


August 2012 - Vol 5, Issue 8
In This Issue
August Entrepreneur
Factoring FAQ
Give Me a Break
Happiness and Health
Attitude
Contractor vs. Employee
Product Recalls
August Holidays
Business Book Pick
Thoughtful Thoughts
The Quest
Join Our Mailing List!
Quick Links
Greetings!

Lisa Mazon

I hope everyone is enjoying a wonderful summer.  As most of the country is experiencing extremely hot temperatures this summer, I thought you would enjoy our short entrepreneur article about a "cool" invention of Mariano Martinez.

 

August is back-to-school time for most of the country -- shopping for school supplies, uniforms and other necessities should present parents with quite a lot of store sales, and with that, a reminder that monitored school zones will be back in action toward the end of the month!  Drive safely.

 

Happy August!

 

Lisa Mazon

 

 

$$$ Refer & Earn $$$

GroupBusiness contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable services.  www.mazon.com/referral.html  
  
August's Entrepreneur:  Mariano Martinez
 

MarianoAs a child of the 1950s, Mariano Martinez grew up in the Little Mexico neighborhood of Dallas, Texas.  His father and mother owned a neighborhood Mexican restaurant there, El Chara. where Mariano liked helping out.  The family later moved to the affluent Lakewood area of Dallas, and were the only Mexican family there at the time.  He faced ethnic discrimination as a child and as a young man, which gave Mariano the fuel to strive for a better life -- he had a need to be somebody, to succeed and to become "rich and famous," to show folks that he, too, could be  make his mark in the world.

 

Mariano dropped out of high school during the 10th grade, but later went back and got an associates' degree from El Centro College.  On May 1, 1971, at the age of 21 with no money or management experience, he opened his own Tex-Mex restaurant, Mariano's Mexican Cuisine, with $500 and a loan from the Small Business Administration -- an initial total investment of $116,000.  While margaritas were thought of as exotic drinks found only in Mexico, Mariano used his father's recipe and the margarita quickly became the most popular item in his restaurant.  However, bartenders were burning up blenders faster than he could afford to buy new ones and customers complained about the inconsistency, flavor and temperature of the drinks, and his bartenders complained that the drinks were too difficult to make.  Determined to keep both his customers and employees happy, Mariano came up with the idea for a margarita machine one morning when he saw a Slurpee machine in action at a local 7-Eleven store.  (The Slurpee machine was invented in Dallas in 1960 to make carbonated beverages slushy enough to drink through a straw.)  Mariano had a soft-serve ice cream machine which he quickly adapted to serve his special drink.  The first margarita machine went into operation in the restaurant on May 11, 1971.  It was such a success that, according to Mariano, "It brought bars in Tex-Mex restaurants front and enter.  People came to Mariano's for that frozen margarita out of the machine."

 

RestaurantAfter 32 years in operation, Mariano's restaurant in the famed Old Town location of Dallas fell victim to the wrecking ball on October 4, 2003 and the restaurant moved on December 1, 2003 to new location in Dallas and renamed La Hacienda Ranch.  Total sales of Mariano's are estimated to have exceeeded $50 million during this time.  Over the years, the restaurant served such celebrities as astronaut Neil Armstrong (the first man to walk on the moon -- was also the first to walk into the restaurant!), Gregory Peck, Gregory Hines, and famed restauranteur Vincent Sardi.  When Richard Nixon stopped by, he visited the kitchen and told the cooks in Spanish that it was the best Mexican food he had ever eaten.  Many of the original Dallas Cowboys' team were regulars, including the late Clint Murchison and Tex Schramm.  The late entertainer Bob Hope mentioned Mariano's and its famous margaritas on national television.  Sue Ellen Ewing fell off the wagon at Mariano's.  The famous television series "Dallas" called Mariano's home.  The long-running series filmed at Mariano's on five separate occasions.

 

MargaritaToday, at 67 years old, Mariano and his wife (of 40 years), Wanda, own Mariano's Hacienda as well as four La Hacienda Ranch restaurants in the Dallas/Fort Worth area, a Tex-Mex and steak concept he started in 1992.  Mariano leads the restaurants and about 550 employees from his office above the garage of his 100-year-old Highland Park home.

  

Never patented because Mariano never realized that his invention was so important that would be worthy of a patent, many versions of the frozen margarita commercial machine subsequently came into the market selling for $900 to $4,000 each.  After 40+ years of blending lime juice, tequila, ice, and sugar for enthusiastic customers, the world's first frozen margarita machine was retired to the Smithsonian in 2005.

 

Mariano's story is inspirational to all entrepreneurs.  "An entrepreneur beings with an idea and turns it into a reality," he said.  "I'm a very positive person and feel like there's a future for entrepreneurs and it's the future of our country."

 

 

What is the cut-off time for submitting my invoices for factoring?
 

Dollar Sign

Client invoices are to be submitted to Mazon by 10:00 a.m. CST for same-day funding.  Invoices submitted after 10:00 a.m. are funded the next business day.  We can, however, be flexible with this cut-off time depending on individual situations and if we are notified that you are running a little later.  Invoices may be submitted by fax, email, FedEx, UPS, courier or dropped off at our offices during business hours or depositing in our drop-slot 24/7.

 

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.

 

 

Give Me a Break
 

Writing 
 
Being busy is a good thing, right?  With all of the things you are juggling on your own for your business, things can get pretty hectic.  Take 10 minutes at the end of each day to recap all that you have accomplished and prep yourself for what's up tomorrow.  Thnk about what was good, what was bad and re-prioritize things you need to do next.  Those few moments will help you refresh and amp up for tackling what's next.  (Source:  www.Manta.com)

 

 

 

 

Can happiness make you healthier?

 

WomanIn a study of nearly 2,900 healthy adults, researchers at the University College London found that those who reported more good moods had lower levels of cortisol (a stress hormone).  When this chemical is chronically elevated, it can contribute to high blood pressure, obesity, depressed immune function and other ill-health effects.  Upbeat women also had reduced levels of inflammatory markers, which also bodes well for the heart and overall health.  (Source:  Remedy magazine) 

 

 

Your Attitude -- Is it a problem or an asset?
 
BossAs the owner of a company, you must have a positive attitude and accept 100 percent of the responsibility for the results of your business.  When you accept responsibility, you can act to make the necessary changes to accomplish the desired results.  Then, when success is achieved, you can be generous in giving credit to others within the organization.  Without exception, the most successful business owners understand that it's all about people:  hiring and retaining the right people, eliminating ineffective people and providing the necessary resources for employees to master their tasks.  How can you improve your attitude to improve your business?  (Contributed by Ron Finklestein, Keynote Speaker and Small Business Innovator, www.RonFinklestein.com)
 
Independent Contractor vs. Employee 
 
ContractorAs a small business owner, you may hire people as independent contractors or as employees.  There are rules that will help you determine how to classify the people you hire.  This will affect how much you pay in taxes, whether you need to withhold from your workers' paychecks and what tax documents you need to file.

Here are seven things every business owner should know about hiring people as independent contractors versus hiring them as employees:

 

 

 

1.  The IRS uses three characteristics to determine the relationship between businesses and workers:  Behavioral Control (covers facts that show whether the business has a right to direct or control how the work is done through instructions, training or other means); Financial Control (covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker's job); and Type of Relationship (relates to how the workers and the business owner perceive their relationship).

2.  If you have the right to control or direct not only what is to be done, but also how it is to be done, then your workers are most likely employees.

3.  If you can direct or control only the result of the work done -- and not the means and methods of accomplishing the result -- then your workers are probably independent contractors.

4.  Employers who misclassify workers as independent contractors can end up with substantial tax bills.  Additionally, they can face penalties for failing to pay employment taxes and for failing to file required tax forms.

5.  Workers can avoid higher tax bills and lost benefits if they know their proper status.

6.  Both employers and workers can ask the IRS to make a determination on whether a specific individual is an independent contractor or an employee by filing a Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS.

7.  You can learn more about the critical determination of a worker's status as an Independent Contractor or Employee at IRS.gov by selecting the Small Business Link.  Additional resources include PRS Publication 15-A, Employer's Supplemental Tax Guide; Publication 1779, Independent Contractor or Employee; and Publication 1976, Do You Qualify for Relief under Section 530?  These publications and Form SS-8 are available on the IRS website or by calling the IRS at 800-829-3676.

(Source:  IRS Summertime Tax Tip 2010-20)

Product Recalls and Alerts
 
InspectorThe 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.

 

Lush Life Power Strips (Dist: Burlington Coat Factory, Burlington, NJ); Nikon Digital SLR Camera Battery Packs (Dist: Nikon Inc., Melville, NY); Miter Saw (Imp: Robert Bosch Tool Corp., Mount Prospect, IL); Soy Candles (Mfg: Bath Petals, Gardena, CA); Twist'n Sparkle Home Beverage Carbonation System plastic bottles (Imp:  iSi North America, Farefield, NJ); IKEA 365 + SANDA Track Lighting 28" and 45" (Imp: IJEA North America Services, Conshohocken, PA); Hot Spring Spas and Limelight Hot Tubs (Spa Mfg: Watkins Manufacturing dba Hot Spring Spas and Limelight Hot Tubs, Vista, CA; Heater Mfg: Therm Products/Caldesso, San Bernardino, CA); Harbor Breeze Bath Fans with Heater and Light (Imp: Homewerks Worldwide, Lincolnshire, IL).

 

August 2012 Holidays, Observances, Celebrations and Events

 

Butterfly  

 

Aug. 3: National Watermelon Day; Aug. 4: Coast Guard Day; Aug. 5: Sisters Day, Friendship Day; Aug. 6: Atomic Bomb Day; Aug. 9: Smokey Bear's Birthday; Aug. 19: National Aviation Day; Aug. 20: National Homeless Animals Day; Aug. 26: Women's Equality Day.

 

 

 

 

August's Business Book Pick of the Month 

 

BookWho Moved My Cheese? by Spencer Johnson, published Sept. 8, 1998 by Putnam, 96 pages, ISBN 9780399144462.

 

With Who Moved My Cheese?, Dr. Spencer Johnson realizes the need for finding the language and tools to deal with change -- an issue that makes all of us nervous and uncomfortable.  Most people are fearful of change because they don't believe they have any control over how or when it happens to them.  Since change happens either to the individual or by the individual, Dr. Johnson shows us that what matters most is the attitude we have about change.  This book takes the fear and anxiety out of managing the future and shows people a simple way to successfully deal with the changing times, providing them with a method for moving ahead with their work and lives safely and effectively.

 

Thoughtful Thoughts
 
Ladder  
 
As you climb the ladder of success, check occasionally to make sure it is leaning against the right wall.

-- Anonymous

The Quest

 

PennyJack climbed to the top of Mt. Sinai to get close enough to talk to God.  Looking up, he asked the Lord, "God, what does a million years mean to you?"

 

The Lord replied, "A minute."

 

Jack asked, "And what does a million dollars mean to you?"

 

The Lord replied, "A penny."

 

Jack asked, "Can I have a penny?"

 

The Lord replied, "In a minute."

 

-- Contributed by Hushang Vakil, Dahanu, India

 

 

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.

 

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 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.
Website:  www.Mazon.com