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BUILDING  BRIDGES

Supporting businesses by lending good money to good businesses.  


November 2012 - Vol 5, Issue 11
In This Issue
November Entrepreneur
Numbers in the News
Factoring FAQ
Affordable Care Act
Customer Care
Keeping Pets Healthy
Product Recalls
November Holidays
Football-Playing Turkey
Business Book Pick
Thoughtful Thoughts
Another Blonde Joke
Did You Know?
Join Our Mailing List!
Quick Links
Greetings!

Lisa Mazon

November begins with cool days and even cooler evenings as it brings us into the festive holiday season. Thanksgiving Day provides us with an opportunity of sharing a meal with family, friends and acquaintances, and being thankful for opportunities available to all of us. Please take time to also remember those you know or will meet who may be homeless and jobless, without family or friends.

 

Presidential election day is November 6th! We urge those of you who can and have not yet voted to let your voice be heard by getting to the polls for this historic event! We have not had preliminary results for both parties this close in quite a few years!

 

We wish you a safe and happy season of thanksgiving. Our prayers go out to all who have been personally and financially impacted by Hurricane Sandy, and we are proud that Texas is counted amongst other states who are participating in recovery efforts.

 

Happy Thanksgiving!

 

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. 
  
November's Entrepreneur:  Richard Benjamin Harrison, Jr.

 

The Old ManRichard Benjamin Harrison, Jr. was born on March 4, 1941 in Danville, Virginia. His father, a carpenter, moved the family to Lexington, North Carolina when Richard was one year old. He quit school in his junior year of high school and enlisted in the United States Navy to avoid imprisonment for auto theft. In 1960, he married JoAnne Rhue, the daughter of a county judge. He left the Navy in February 1962, but re-enlisted 14 months later in order to obtain the health benefits necessary to meet his daughter Sherry's Down's syndrome medical expenses (Sherry later passed away when she was only 6 years old). Eventually, Richard served in the U.S. Navy for 20 years, including stints as a paymaster and attaining the rank of petty officer first class. He was transferred to San Diego, California in 1967 where three years later JoAnne obtained her real estate license and opened her own office in 1973. After Richard was discharged from the Navy, he worked part-time in his wife's office. Declining real estate sales caused by interest rates as high as 18 percent, cost the couple $1 million and the collapse of the business in 1981. With only $5,000, Richard subsequently moved with JoAnne and their three sons (Joseph, Rick and Chris) to Las Vegas, Nevada in pursuit of a fresh start. The following year, he leased a 300 square foot shop and opened Gold & Silver Coin Shop. His son Rick dropped out of school in 10th grade (because, according to Rick, he was making $2,000 a week selling fake Gucci bags) and soon afterward went to work with his father. As a child, Rick suffered from epileptic seizures frequently confining him to bed, lead to his lifelong love of reading - particularly physics and history (especially, the British Navy from the late 1700s to the early 1800s). Rick eventually gained a sharp eye for valuable items and earned the nickname of "The Spotter."

 

Richard Harrison StoreFive years later, Richard obtained a license to buy and sell second-hand goods. When the shop's lease expired in 1988, Richard and Rick (then 23) became co-owners and invested $10,000 to relocate the business two miles from the Las Vegas Strip and renamed it Gold & Silver Pawn Shop. Richard (aka "The Old Man") and Rick's new business was initially based on pawn items, but soon stepped up to buy-sell items brought into their shop. By 2005, they were loaning out about $3 million annually to (mainly) gamblers who often came in to pawn jewelry and other personal items so they had gas money to get back home. Pawn loans brought them about $700,000 in interest income.

 

After the shop was featured in the Insomniac with Dave Attell in 2003, Rick spent four unsuccessful years pitching the idea of making a show about a pawn shop. Then, unexpectedly in 2008, Leftfield Pictures came up with an idea about a reality show based in a Las Vegas pawn shop and approached Rick about the idea of a reality show. The Pawn Stars series was originally pitched to HBO, but was contracted to the History Channel and began airing in July of 2009. By January 2011, Pawn Stars was the highest rated program on the History Channel with over seven million viewers, the most-watched telecast ever on History. In 2011 it was the second highest-rated reality series on TV behind Jersey Shore. The show's format consisted of five or six vintage items, a history of each item, and evaluation of the potential value with the customer, interspersed with an explanation of the basis of the valuation. If the guys were unable to evaluate an object, they consult with a knowledgeable expert who can evaluate it to determine its authenticity and potential value, and in the case of items needing repair, the cost of restoration. In July 2011, they signed a record-breaking 80-episode renewal contract for four more seasons of the series.  Pawn Stars is now going into its sixth season! 

 

The shop is the only family-owned pawn shop in Las Vegas, and is still run by Richard (aka "The Old Man") and Rick (aka "The Spotter"), along with Rick's son Corey (aka "Big Hoss") (who started working at the shop at age 9 polishing jewelry, and is now manager of operations and the shops 30 employees), and Corey's childhood friend Austin "Chumlee" Russell (who does behind-the-counter work). Since the inception of Pawn Stars, the store inventory in 2011 expanded to a ratio of over 5,000 items pawned per 12,000 items of the store's total stock. Although jewelry remains their most commonly pawned item at the shop, they are known for having special sports items that come complete with a story, and today boasts an inventory of more than fifty percent vintage or antique items. It is one of the few pawn shops that deal in antiques and fine art. (The guys can't actually work the counter anymore because of privacy laws; since they've become celebrities, people are constantly taking pictures of them, compromising the privacy of whoever's at the pawn counter.)

 

Pawn StoreResearch reveals that The Old Man's net worth is $3 million (he has not missed a day at the shop in 17 years - he is the first to arrive at the shop in the morning and has not had a sick day since 1994). Rick Harrison's net worth is $5 million. Corey Harrison's net worth is estimated at $1.3 million. Chumlee's net worth is $600 thousand (he earns a salary of $25,000 per episode).

 

In 2010, the National Pawnbrokers Association awarded the Pawnbroker of the Year Award to Rick Harrison and the staff of the Gold and Silver Pawn Shop for their contributions in bringing the industry greater recognition and a better image. In 2011, History Channel launched Pawn Stars: The Game for play on Facebook. In June 2011, Rick's autobiography, License to Pawn: Deals, Steals, and My Life at the Gold & Silver, was published which details his childhood, some of the troubles he faced before he got into the pawning business, and anecdotes from his time at the shop, plus chapters dedicated to The Old Man, Corey and Chumlee. Bally Technologies recently unveiled a new slot machine featuring the cast of Pawn Stars.

 

 

Numbers In the News
 

Turkeys

  

- There are approximately 5,500 feathers on an adult wild turkey.

 

- Just-hatched wild turkeys are precocial, which means they are born with feathers and can fend for themselves quickly, and they leave the nest within 24 hours to forage for food with their mothers. The male turkeys have very little to do with raising chicks.

 

- The average American eats 18 pounds of turkey every year, and more turkeys are consumed on Thanksgiving than on Christmas and Easter combined!

 

- The first unofficial presidential pardons were granted to domestic turkeys in 1947, and since then every president has "pardoned" two birds (a presidential turkey and a vice presidential turkey) before Thanksgiving.

  

- Due to overhunting and deforestation that eliminated wild turkeys' habitat, these birds were nearly extinct in the 1930s. Today, there are more than 7 million wild turkeys.


Is the cost of postage covered in Mazon's factoring fee?
 

Dollar SignAlthough many of our services are covered under our factoring fee, the actual USPS postage cost of mailing your invoices and statements to your customers will be charged to your account as an expense.

 

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.

 

 

Affordable Care Act:  Do my retired employees qualify for any programs?

 

InsuranceUnder the health care law, employer-based plans that provide health insurance to retirees ages 55-64 can now get financial help through the Early Retiree Reinsurance Program. This program is designed to lower the cost of premiums for all employees and reduce employer health costs. Health insurance premiums for older Americans are over four times more expensive than they are for young adults and the deductible these enrollees pay is, on average, almost four times that for a typical employer-sponsored insurance plan. Businesses, other employers, and unions that are accepted into the program will receive reimbursement for medical claims for early retirees and their spouses, surviving spouses, and dependents. Savings can be used to reduce employer health care costs and provide premium relief to workers and their families. Applicants who are approved into the program receive reinsurance for claims of high-cost retirees and their families (80% of the costs from $15,000 to $90,000). The program ends on January 1, 2014 when State health insurance exchanges are up and running.

 

(Contributed by: Dan Shaghnessy and Staci Stager, ill Insurance Agency, www.HillInsTexas.com)

 

 

How to Keep Customers Coming Back

 

Cust Svc

 

 

Sometimes customer retention has nothing to do with your products and services.  Often times it is memorable customer service that will keep them coming back for more.  Tactics like personal attention, building ongoing relationships, customer loyalty, and service after the sale all contribute to increasing customer retention.  (Source:  www.Manta.com)

 

 

 

 

 

Keeping Pets Healthy 
 

PetsYour cat or dog is part of the family, but that doesn't mean you can feed him/her the same things the human family members eat. Foods that are safe for humans can be toxic or even deadly to your pet. Especially during the holidays, extra care needs to be taken to see that children and others do not feed your pet something that can be harmful to them. Here are some of the foods to never give your furry companion, courtesy of the American for the Prevention of Cruelty to Animals:

 

Do not feed to dogs: Macadamia nuts as these Hawaiian nuts can cause fever, tremors, weakness and other unpleasant symptoms. Avocado as they contain a chemical called persin, which is harmless to humans but can be toxic to dogs.

 

Do not feed to cats: Tuna because, not only does tuna lack the nutrients cats need, but too much can lead to mercury poisoning. Other raw fish as an enzyme called thiaminase, common in raw fish, destroys thiamine, also known as vitamin B1, which can lead to neurological disorders.

 

Do not feed to dogs or cats:

 

- Alcohol. Beer, wine and spirits act as a depressant on animals' nervous systems, potentially leading to breathing problems and even coma.

- Animal bones. Beef or chicken bones can damage your pet's teeth or splinter and cause damage in his/her digestive tract. Stick with treat bones made specifically for dogs or cats.

- Chocolate or anything with caffeine. Foods like coffee and cocoa contain methylxanthines, which in high concentrations can cause heart palpitations, tremors, seizures, dehydration and death.

- Grapes and raisins. Scientists aren't sure why, but eating these fruits can cause canine and feline kidney failure.

- Gum, baked goods and candy. Many sweetened treats contain xylitol, which can cause liver failure.

- Milk. Adult animals don't have the lactase to digest milk, and feeding it to them can cause diarrhea.

- Onions, garlic and chives. While these foods add flavor to human meals, they can cause red blood cell damage in pets. Cats are more at risk, but eating larger quantities can also make dogs sick.

- Uncooked dough. Small bits of bread are fine as treats, but dough containing yeast can rise in your pet's digestive tract and cause stomach or intestinal damage.

 

 

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.

 

Step Stool (Imp: Tricam Industries, Eden Prairie MN); Tree Stands for Hunters (Imp: Rivers Edge Tree Stands Inc., Cumberland, WI); Hatsan Striker Air Rifles (Imp: Hatsan USA Inc., Bentonville, AR); Crush Series: Perch, Stoop and Ledge Treestands for Hunters (Mfg: Summit Treestands, Decatur, AL); JELD-WEN and Reliabilt Interior Bifold Doors (Mfg JELD-WEN Inc., Klamath Falls, OR); Ceramic Beer Tap Handles (Mfg: B&C Industries, China; Retailer: Taphandles LLC, Seattle, WA); Sharper Image USB Wall Chargers (Imp: Atomi, New York, NY); GE Profile Front Load Washers (Imp: GE Appliances, Louisville, KY); Suspension Trainer Devices (Imp: Fitness Anywhere LLC, San Francisco, CA); Haier 42-inch LED TVs (Imp: Haier America Trading, New York, NY); Wood Cleaner and Wood Brightener in container with spray pump (Mfg: Cabot Stains/Valspar Corp, Newburyport, MA); Wilson & Fisher Garden Swings (Imp: Big Lots, Columbus, OH).

 

 

November 2012 Holidays, Observances, Celebrations and Events

 

PumpkinsNov. 3: Sandwich Day; Nov. 4: Daylight Savings Time Ends; Nov. 6: Election Day; Nov. 10: Marine Corps Birthday; Nov. 11: Veterans Day; Nov. 13: Sadie Hawkins Day; Nov. 15: America Recycles Day; Nov. 18: Mickey Mouse's Birthday; Nov. 19: US Marine Corps Day; Nov. 22: Thanksgiving Day, National Stop the Violence Day; Nov. 23: Black Friday. November is also American Diabetes Month.

 

NOTICE: Mazon offices will be closed on Monday, Nov. 12 in observance of Veterans Day, and Thursday & Friday, Nov. 22 & 23 in observance of the Thanksgiving Day holiday. You may still submit invoices during our closed hours via fax, e-mail or drop-slot to be processed the next business day.

 

 

The Football-Playing Turkey

Turkey FootballThe pro football team had just finished their daily practice session when a large turkey came strutting onto the field.  While the players gazed in amazement, the turkey walked up to the head coach and demanded a tryout.

 

Everyone stared in silence as the turkey caught pass after pass and ran right through the defensive line.  When the turkey returned to the sidelines, the coach shouted, "You're terrific!!!  Sign up for the season, and I'll see that you get a huge bonus."

 

"Forget the bonus," the turkey said, "All I want to know is, does the season go past Thanksgiving Day?"

  

  

November's Business Book Pick of the Month 

 

Book AbundanceAbundance: The Future Is Better Than You Think, by Peter H. Diamandis and Steven Kotler, Published February 21, 2012 by Free Press, ISBN-13 9781451614213.

 

Between global warming, a global financial crisis and global food shortages, you can't blame folks for being a tad depressed AND on top of all that, if you believe the Mayan Calendar, 2012 is supposed to be the year it all ends for all of us.

 

But in their book, Abundance: The Future is Better Than You Think, the authors offer a boldly contrarian and optimistic book for today's cynical times. They make the case that we are indeed on the cusp of a new era, an era when the lives of millions are improved.

 

Think of this book as the ultimate "Yes, we can!"

 

Tech entrepreneur turned philanthropist, Diamandis (he's the chairman and CEO of the X PRIZE Foundation) and award-winning science writer Kotler declare that "humanity is now entering a period of radical transformation where technology has the potential to significantly raise the basic standard of living for every man, woman and child on the planet. Within a generation, we will be able to provide goods and services that were once reserved for the wealthy few to any and all who need them. ... Abundance for all is actually within our grasp." (Source: www.CNBC.com)

 

 

 

Thoughtful Thoughts

 

Tea Kettle

 

 

 

Remember the tea kettle. It is always up to its neck in hot water, yet it still sings.

 

 

 

 

Another Blonde Joke?

 

BlondeA blonde walked into a bank in New York City and asked for a loan officer. She said she was going to Europe on business for two weeks and needed to borrow $5,000. The bank officer said the bank will need some kind of security for the loan, so the blonde handed over the keys to a new Rolls Royce and said the car was parked on the street in front of the bank, she had the title and everything checked out. The bank agreed to accept the car as collateral for the loan. The bank's president and its officers all enjoy a good laugh at the blond for using a $250,000 Rolls as collateral against a $5,000 loan. An employee of the bank then drove the Rolls into the bank's underground garage and parked it there.

 

Two weeks later, the blonde returned and repaid the $5,000 and the interest, which came to $15.41. The loan officer said, "Miss, we are very happy to have had your business, and this transaction has worked out very nicely. But we are a little puzzled. We checked you out and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow $5,000?"

 

The blonde replied, "Where else in New York City can I park my car for two weeks for only $15.41 and expect it to be there when I return?"

 

(Source: www.EvanCarmichael.com)

 

 

Did You Know?

Question Mark  

 

 

 

111,111,111 X 111,111,111 = 12,345,678,987,654,321

 

 

 

 

 

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