Mazon Associates, Inc.

 

 

 
March 2016    
 
Building Bridges Newsletter
Supporting businesses by lending good money to good businesses!
 


One of the most beautiful months of the year is March, with the colors of spring emerging across the country. We are happy to say our new internet marketing plans are in place for 2016 and we have welcomed recent new clients to our factoring services family!

 

Our newsletter header picture this month comes from Dan Santillo and features a steam train crossing the Coombe Viaduct in the United Kingdom.

 

Don't forget to turn your clocks one hour ahead on March 13th as Daylight Saving Time begins!

 

Happy March!

Lisa Hultz

 

  

American Made: Elijah McCoy (1844-1929) 

Steam helped power the industrial revolution, but steam engines all shared a common problem -- over- heating. Whether a train was mid-journey or a factory halfway through a job, the engine had to be shut down and cooled while a man made the rounds with his oil can and lubricated all the moving points. The delays in such a system were not only inconvenient but costly. Then along came Elijah McCoy.
Born in Canada in 1844, Elijah was the son of fugitive slaves who had escaped from Kentucky to Canada via the Underground Railroad. When he was 15 years old, his parents arranged for him to travel to Scotland for an apprenticeship in mechanical engineering. He returned home to Ypsilanti, Michigan after becoming certified as a mechanical engineer, only to discover that engineering was closed to him because of his race. He was forced to settle for a job as railway fireman, stoking and oiling the engine.
With his training, McCoy was quick to recognize the problems of steam and soon was busy devising a better system. In July 1872, he received a patent for an automatic lubricating cup that delivered a steady flow of oil to all friction points on an engine's moving parts, which allowed trains to run continuously for long periods of time without pausing for main- tenance. The device was widely adopted for use, but McCoy was a perfectionist. For the rest of his life, he continued to improve on his original design, eventually earning well over 50 patents.
A product so important to industry had its imitators from the start, of course. But since dependability was absolutely essential when it came to steam, customers learned to insist that their engines be equipped with "the real McCoy."
While the majority of McCoy's inventions related to lubrication systems, he also developed designs for an ironing board, a lawn sprinkler and other machines. Although McCoy's achievements were recognized in his own time, his name did not appear on the majority of the products that he devised. Lacking the capital with which to manufacture his lubricators in large numbers, he typically assigned his patent rights to his employers or sold them to investors. In 1920, toward the end of his life, McCoy formed the Elijah McCoy Manufacturing Company to produce lubricators bearing his name. Elijah McCoy died in Detroit, Michigan on October 10, 1929 at the age of 85.
This Month In History

  Alexander Graham Bell patented the telephone, Mar. 7, 1876.
  The U.S. government issued paper money for the first time, Mar. 10, 1862.
  The infamous Alcatraz prison was closed, Mar. 21, 1963.
  The Eastman Dry Plate and Chemi- cal Company manufactured the first motion picture film, Mar. 26, 1885.
  The 15th amendment went into effect, giving black men the right to vote, Mar. 30, 1870.
March Business Book Pick

The Virgin Way, Everything I Know About Leadership, by Richard Branson. Hardcover, 400 pages; published by Portfolio, Sept. 9, 2014; ISBN-10: 1591847370, ISBN-13: 978-1591847373.

While building the Virgin Group over forty years, Richard Branson has never shied away from seemingly outlan- dish challenges that others (including his own colleagues on several occa- sions) considered sheer lunacy. He has taken on giants like British Airways and won, and monsters like Coca-Cola and lost.

Now Branson gives an inside look at his strikingly different swashbuckling style of leadership. Learn how fun, family, passion, and the dying art of listening are key components to what his extended family of employees around the world have always dubbed (with a wink) the "Virgin Way."

This unique perspective comes from a man who dropped out of school at sixteen, suffers from dyslexia, and has never worked for anyone but himself. He may be famous for thinking outside the box -- an expression he despises -- but Branson asserts that "you'll never have to think outside the box if you refuse to let anyone build one around you."

This is a unique book on leadership from someone who readily admits he has never read a book on leadership in his life. So expect the unexpected.

St. Patrick: Neither Irish Nor Named Patrick!
                           
St. Patrick, Ireland, St. Patrick's Day. Simple, right? The man wasn't even Irish! He was actually born in Britain around the turn of the 4th Century. At 16 years old, Irish raiders captured him in the midst of an attack on his family's estate. The raiders then took him to Ireland and held him captive for six years. After escaping, he went back to England for religious training and was sent back to Ireland many years later as a missionary. St. Patrick was actually born Maewyn Succat, according to legend; he changed his name to Patricius, or Patrick, which derives from the Latin term for "father figure," when he became a priest. (Source: Megan Friedman, www.Time.com)
  
Thoughtful Thoughts

 

 

Coming together is a beginning; keeping together is progress; working together is success.

 

- Henry Ford (1863-1947) 

March Humor

A company, feeling it was time for a shakeup, hired a new CEO. The new boss was determined to rid the company of all slackers. On a tour of the facilities, the CEO noticed a guy leaning against a wall and idly picking his teeth. The room was full of workers and he wanted to let them know that he meant business. He asked the guy, "How much money do you make a week?"

A little surprised, the young man looked at him and said, "I make a little over $400 dollars a week, why?

The CEO said,"Wait right here."

He walked back to his office, came back in two minutes, and handed the guy $1,600 in cash and said, "Here's four weeks' pay. Now GET OUT and don't come back!"

Feeling pretty good about himself the CEO looked around the room and asked, "Does anyone want to tell me what that goof-ball did here?"

From across the room a voice said, "Sure. He was the pizza delivery guy from Domino's and was just waiting to collect the money!"
 
In This Issue
American Made
This Month In History
Book Pick
St. Patrick
Thoughtful Thoughts
Humor
Holidays

March Holidays & Events
 
Mar. 4: Employee Appreciation Day; Mar 11: Johnny Appleseed Day; Mar. 13: Daylight Saving Time Begins; Mar. 14: National Potato Chip Day; Mar. 16: Freedom of Information Day; Mar. 17: Saint Patrick's Day; Mar. 27: Easter Sunday; Mar. 29: National Mom and Pop Business Owners Day; Mar. 30: National Doctor's Day. March is also Irish American Month, National Craft Month & National Frozen Food Month!


FAQ: Does Mazon verify invoices with my customers?
 
Invoice verification is an essential and accepted part of factoring. Mazon generally verifies invoices through written proof to ensure validity and that there are no offsets of issues that may reduce the expected payment. This also allows Mazon to not disturb your customers. Occasionally, Mazon will verify completion of work by phone, email or fax.

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.

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 & maintenance / environmental services / graphic design / signage & printing / staffing & employment services / security services / catering & food services / legal services / light construction / telecommunications / 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: