Mazon Associates, Inc.
 
August 2015
Building Bridges Newsletter
Supporting businesses by lending good money to good businesses!
 


Our August newsletter header photo was taken by Adrian Arambulo, a former Dallas/Fort Worth newscaster who is now living in San Diego. We enjoy many of his leisure-time photographs of that beautiful area of the country and are happy to share this one with you!  

 

As parents and students prepare for the new school semester, please take extra precautions in school zones -- and remember the no-texting  laws in effect in most all areas of the nation!

 

Thank you for your subscription to our monthly newsletter, and welcome to all of our new Mazon clients. Please share this communication with co-workers, family and friends!

 

Happy August!

Lisa Hultz

 

  

American Made: Malcom McLean (1914-2001)

Malcom McLean was born into a North Carolina farming family in 1914. Struggling to assist his family during the Great Depression, as a teen, he hauled empty tobacco barrels in an old trailer. Three years out of high school, in 1934, he and two of his six siblings started McLean Trucking Company. His resourcefulness enabled him to expand to thirty trucks by 1940, and to 1,700 trucks by the mid-1950,s when he sold the company for $12 million.

 

During McLean's years in the transportation business, he saw goods loaded, shipped and offloaded using wood pallets and lots of human labor. The process was slow and kept a ship in port an average of three weeks. He envisioned an easier and faster method for moving cargo from trucks to ships by uploading specially designed containers directly from trucks onto ships by mechanical hoists. With a secured bank loan in 1955, McLean took a huge gamble and purchased two oil tankers and $42 million worth of docking, shipbuilding and repair facilities. He refitted the ships and designed trailers to stack below or on the decks. In April 1956, his first container ship, the Ideal X, departed Port Newark, NJ and headed for Houston, TX.

 

McLean named his new company Sea-Land, and rushed to expand it, exposing the business to financial instability. The venture required a lot of capital. His aggressive investment was rewarded by the Port of New York Authority's decision to develop a new container port in Elizabeth, NJ, anointing cargo shipping as the method of the future. McLean's cargo shipped faster and cheaper, because loading and unloading were shortened at each end of the voyage -- the switch to McLean's containers reduced the port time from three weeks to 18 hours as well as the cost for moving goods from $5.86 per ton to 16 cents. The sealed cargo also reduced  pilfering that went on at various stages of a cargo's journey. The Vietnam War aided his efforts to expand into Asia, and as more ports adapted to the containers, shipping was revolutionized. Nearly every imported consumer good imaginable owes its lower price to the container revolution. McLean sold Sea-Land for $160 million in 1969.

 

McLean produced more inventions in his lifetime, including a means of lifting patients from a stretcher to a hospital bed. In 1978, restless, McLean returned to shipping, introducing enormous "econoships" to carry cargo at the equator while smaller ships came and went from them, picking up and delivering containers. McLean died in 2001, relatively unknown considering the broad impact of his innovation. 

 

This Month In History 

 

The first U.S. Census was completed August 1, 1790 with a final count of 3,929,214 persons. Included in the count were the original 13 States, plus the districts of Kentucky, Maine, and Vermont, and the Southwest Territory (Tennessee). As comparison, the estimated U.S. population on July 1, 2014 was 318,857,056.

 

The Panama Canal was opened for business on August 15, 1914. The total cost to Americans was around $375,000,000, including the $10,000,000 paid to Panama and the $40,000,000 paid to the French company. It was the single most expensive construction project in United States history to that time.

 

The island volcano of Krakatoa in Indonesia erupted on August 27, 1886. It was heard over 3,000 miles away and was one of the biggest natural disasters ever recorded.

 

Did You Know?

                              

A crocodile has the most powerful bite ever measured for any living animal. For example the saltwater crocodile found near Australia can bite nearly three times as hard as a lion or a tiger. Yet, the crocodile's jaw is also incredibly sensitive -- even more sensitive than the human fingertip. The crocodile's jaw is covered with thousands of sense organs. Each of the jaw's nerve endings comes out of a hole in its skull, which protects the nerve fibers, making it possible for it to distinguish between food and debris in its mouth. That is also how a mother crocodile can carry her hatchlings in her mouth without accidentally crushing them.

 

Getting Enough Rest
 
Your productivity can suffer if you don't feel your best, and one of the most important factors of feeling up to par is maintaining a consistent sleep schedule. Getting enough rest is one of the easiest things you can do to revitalize your mental clarity, passion and energy. The National Sleep Foundation states that there is no magic number when determining the right amount of sleep needed, but studies show that those who get 7 hours of sleep a night are far more productive. Research dating back decades also shows a market decline in productivity after a typical 40-hour work week -- anything more produces diminishing returns. So, be sure to take breaks, rest, and recharge:  It may vastly improve your creativity, productivity and output.
  
August Business Book Pick

 

The Power of Habit: Why We Do What We Do in Life and Business, by Charles Duhigg. Hardcover, 400 pages; published by Random House, Feb. 28, 2011; ISBN-10: 1400069289, ISBN-13: 978-1400069286.

 

In The Power of Habit, Charles Duhigg (an award-winning New York Times business reporter) takes us to the thrilling edge of scientific discoveries that explain why habits exist and how they can be changed. With penetrating intelligence and an ability to distill vast amounts of information into engrossing narratives, Duhigg brings to life a whole new understanding of human nature and its potential for transformation.

 

Along the way we learn why some people and companies struggle to change, despite years of trying, while others seem to remake themselves overnight. We visit laboratories where neuroscientists explore how habits work and where, exactly, they reside in our brains. We discover how the right habits were crucial to the success of Olympic swimmer Michael Phelps, Starbucks CEO Howard Schultz, and civil-rights hero Martin Luther King, Jr. We go inside Procter & Gamble, Target superstores, Rick Warren's Saddleback Church, NFL locker rooms, and the nation's largest hospitals and see how implementing so-called keystone habits can earn billions and mean the difference between failure and success, life and death.

 

At its core, The Power of Habit contains an exhilarating argument: The key to exercising regularly, losing weight, raising exceptional children, becoming more productive, building revolutionary companies and social movements, and achieving success is understanding how habits work. Habits aren't destiny. As Charles Duhigg shows, by harnessing this new science, we can transform our businesses, our communities, and our lives.

 

Thoughtful Thoughts

 

 

I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.

 

- Maya Angelou (1928 - 2014)

August Humor


There was a man who had worked all of his life and saved all of his money. He was a real cheapskate when it came to his money. He loved money more than just about anything, and just before he died, he said to his wife, "Now listen, when I die I want you to take all my money and place it in the casket with me, because I want to take all my money to the after-life." So, he got his wife to promise him with all her heart that when he died she would put all the money in the casket with him.

 

Then, one day the man died.  He was stretched out in the casket, the wife was sitting there in black next to their best friend. When they finished the ceremony, just before the undertakers got ready to close the casket, the wife said, "Wait a minute!"

 

She had a shoebox with her, went over with the box and placed it in the casket. Then the undertakers locked the casket and rolled it away

 

Her friend said, "I hope you weren't crazy enough to put all that money in there with that stingy old man!"

 

She said, "Yes, I promised. I'm a good Christian, I can't lie. I promised him that I was to put that money in that casket with him."

 

"You mean to tell me you put every cent of his money in the casket with him?"

 

"I sure did!" said the wife. "I got it all together, put it into my bank account, and I wrote him a check!"

 

In This Issue
American Made
This Month In History
Did You Know?
Getting Rest
Book Pick
Thoughtful Thoughts
Humor
Holidays

August Holidays & Events
 
Aug. 2: National Sisters Day, Friendship Day; Aug. 3: National Watermelon Day; Aug. 5: Coast Guard Day; Aug 9: Smokey Bear's Birthday; Aug. 10: Atomic Bomb Day; Aug. 19: National Aviation Day; Aug. 16: International Homeless Animals Day; Aug. 26: Women's Equality Day.


FAQ: Is it easier to factor  my invoices or to obtain a business bank loan?

Business bank loans are very difficult to obtain these days. Not only are banks so heavily regulated by the federal government, but bank qualifications for a loan far exceed those for a factoring agreement. Bank qualifications are primarily based on the credit worthi- ness of the business and its owner. Factoring is based on the credit worthiness of the business' customers. A business can qualify for factoring within days. A bank loan approval can take months. With factoring, cash is available almost immediately.
 

If you would like to find out more about our 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 at

  
$$$ Refer And Earn $$$ 
Business contacts, friends, family and acquaintances -- you just never know when someone you know might need Mazon's accounts receivable factoring services!  Visit our referral page for more information.
Notary Signing

About Our Clients

Our clients are traditionally businesses that are manufac- turers, distributors and service companies in the following areas:  advertising / marketing / apparel / design / courier & delivery services / equipment repair & maintenance / environmental services / graphic design / signage & printing / staffing & employ- ment services / security services / catering & food services / legal services / light construction / telecommuni- cations / transportation services.
  
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 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 from current and former clients.  We rely heavily on word-of- mouth marketing to bring in new clients -- and we offer a lucrative referral program.
  
Our clients are located in any of the 50 states in the U.S.A.
  
Our clients are not companies with 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 or toll-free 1-800-442-2740, or visit our website: