Building Bridges Newsletter
Connecting people and businesses through factoring!
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Gordie Howe International Bridge, Detroit, Michigan* | |
Greetings!
Many parts of the country have already experienced their first snowfall of the season, days are getting shorter, heaters are being turned on for the first time in months, and the Thanksgiving holidays are right around the corner!
We are thankful for all of our great factoring clients, friends and family and wish you a prosperous and blessed month.
Please remember to share our Building Bridges Newsletter with others!
Have a wonderful November!
Lisa Mazon Hultz
President
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Nov. 1: National Author's Day
Nov. 2: Deviled Egg Day
Nov. 3: Housewife's Day
Nov. 4: Book Lovers Day
Nov. 5: Daylight Savings Time Ends
Nov. 6: National Nacho Day
Nov. 7: U.S. General Election Day
Nov. 8: Cook Something Bold Day
Nov. 9: Chaos Never Dies Day
Nov. 10: U.S. Marine Corps Day
Nov. 11: Veteran's Day
Nov. 13: World Kindness Day
Nov. 15: America Recycles Day
Nov. 16: National Fast Food Day
Nov. 17: World Peace Day
Nov. 18: National Adoption Day
Nov. 22: Love Your Freckles Day
Nov. 23: Thanksgiving Day
Nov. 24: Black Friday
Nov. 25: Small Business Saturday
Nov. 27: Cyber Monday
Nov. 29: Square Dance Day
Nov. 30: Stay At Home Because You Are Well Day
November is also Aviation History Month, National Adoption Awareness Month and National Diabetes Awareness Month.
Note: Mazon will be closed Thursday & Friday, Nov. 23 & 24th in recognition of the Thanksgiving holiday weekend.
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Nov. 2, 1795: James K. Polk, the 11th U.S. President was born in Mecklenburg County, North Carolina. He served from March 4, 1845 to March 3, 1849. He declined to be a candidate for a second term, saying he was "exceedingly relieved" at the completion of his presidency.
Nov. 9, 1965: At 5:16 p.m., the Great Blackout of the Northeast began as a tripped circuit breaker at a power plant on the Niagara River caused a chain reaction sending power surges knocking out inter-connected power companies down the East Coast. The blackout affected over 30 million persons, one-sixth of the entire U.S. population. Electricity also failed in Ontario and Quebec.
Nov 13, 1942: The five Sullivan Brothers from Waterloo, Iowa, were lost in the sinking of the cruiser USS Jueanu by a Japanese torpedo off Guadalcanal during World War II in the Pacific. Following their deaths, the U.S. Navy changed regulations to prohibit close relatives from serving on the same ship.
Nov. 26, 1789: The first American holiday occurred, proclaimed by President George Washington to be Thanksgiving Day, a day of prayer and public thanksgiving in grati-tude for the successful establishment of the new American republic.
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Entrepreneur of the Month | |
Nancy Green, World's First Living Trademark
Nancy Hayes (or Hughes) was born enslaved in the Antebellum South on March 4, 1834. Montgomery County Historical Society oral history places her birth at a farm on Somerset Creek, six miles outside Mount Sterling in Montgomery County, Kentucky. With George Green, she had at least two and as many as four children (one of whom was born in 1862). Local farmers from that area named Green raised tobacco, hay, cattle, and hogs. There were no birth certificates or marriage licenses for enslaved people.
Nancy Green has been variously described as a servant, nurse, nanny, housekeeper, and cook for Charles Morehead Walker and his wife Amanda. She also served the family's next generation, again as a nanny and a cook. Walker's two sons later became well known as Chicago Circuit Judge Charles M. Walker Jr., and Dr. Samuel J. Walker.
By the end of the American Civil War, Green had already lost her husband and children. She lived in a wood frame shack (still standing as of 2014) behind a grand home on Main Street in Covington, Kentucky. She moved with the Walkers from Kentucky to Chicago in the early 1870s, before the birth of Samuel's youngest child in 1872. The Walker family initially settled in a swank residential district near Ashland Avenue and Washington Boulevard called the "Kentucky Colony," then home to many transplanted Kentuckians.
On the recommendation of Judge Walker, she was hired by the R.T. Davis Milling Company in St. Joseph, Missouri, to represent their trademarked "Aunt Jemima," an advertising character named after a song from a minstrel show. They were looking for a mammy-archetype to promote their ready-mix pankake mix and table syrup products. At the age of 59, She became the advertising world's first living trademark, making her debut as Aunt Jemima at the 1893 World's Columbian Exposition held in Chicago. She stood beside the "world's largest flour barrel" (24 feet high) and operated a pancake-cooking display, sang songs, and told romanticized stories about the Old South (claiming it was a happy place for blacks and whites alike).
After the Expo, Green was reportedly offered a lifetime contract to adopt the Aunt Jemima moniker and promote the pancake mix; however, it is likely the offer was part of the lore created for the character of Aunt Jemima not for Green herself. This marked the beginning of a major promotional push by the company that included thousands of personal appearances and Aunt Jemima merchandising. She appeared at fairs, festivals, flea markets, food shows, and local grocery stores. Her arrival was heralded by large billboards featuring the caption, "I's in town, honey."
Despite her "lifetime contract," she portrayed the role for no more than 20 years. She refused to cross the ocean for the 1900 Paris exhibition and subsequently was replaced by Agnes Moodey, "a negress of 60 years," who was then reported as the original Aunt Jemima.
In 1910, at age 76, Green was still working as a residential housekeeper according to the census. Few people were aware of her role as Aunt Jemima. Green lived with nieces and nephews in Chicago's Fuller Park and Grand Boulevard neighborhoods into her old age. At the time of her death, she was living with her great-nephew and his wife.
Green was active in the Chicago Olivet Baptist Church. During her lifetime, it grew significantly, becoming the largest African-American church in the United States, with a membership at that time of over 9,000. She used her stature as a spokesperson to advocate against poverty and in favor of equal rights for individuals in Chicago.
Green died on August 30, 1923, at the age of 89 in Chicago, when a car driven by pharmacist Dr. H. S. Seymour collided with a laundry truck and "hurtled" onto the sidewalk where she was standing. She is buried in a pauper's grave near a wall in the northeast quadrant of Chicago's Oak Woods Cemetery. Her grave was unmarked and unknown until 2015. Sherry Williams, founder of the Bronzeville Historical Society, spent 15 years uncovering Green's resting place. Williams received approval to place a headstone. Williams reached out to Quaker Oats about whether they would support a monument for Green's grave. Their corporate response was that 'Nancy Green and Aunt Jemima aren't the same – that Aunt Jemima is a fictitious character." The headstone was placed on September 5, 2020.
In 2014, a lawsuit was filed against Quaker Oats, PepsiCo, and others, claiming that Green and Anna Short Harrington (who portrayed Aunt Jemima starting in 1935) were exploited by the company and cheated out of the monetary compensation they were promised. The plaintiffs were two of Harrington's great-grandsons, and they sought a multi-billion dollar settlement for descendants of Green and Harrington. The lawsuit was dismissed with prejudice and without leave to amend on February 18, 2015.
Due to the "mammy" stereotype's historical ties to the Jim Crow era, Quaker Oats announced in June 2020 that the Aunt Jemima brand would be discontinued "to make progress toward racial equality," leading to the Aunt Jemima image being removed by the fourth quarter of 2020. In June 2021, amidst heightened racial unrest in the United States, the Aunt Jemima brand name was discontinued by its current owner, PepsiCo, with all products rebranded to Pearl Milling Company, the name of the company that produced the original pancake mix product. The Aunt Jemima name remains in use in the brand's tagline, "Same great taste as Aunt Jemima."
(Source: Wikipedia)
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Business Book of the Month | |
How to be The Startup Hero: A Guide and Textbook for Entrepreneurs and Aspiring Entrepreneurs by Tim Draper. Paperback, 363 pages, Independently published, Dec. 19, 2017. ISBN-10: 1973585340, ISBN-13: 978-1973585343.
I hope that this book will inspire you to act. To make that move. To fulfill your vision. I want to take you closer to your goal, whether that be starting a billion-dollar unicorn, building a revolution, or just helping you better understand that change of any kind starts with you. You can be the Startup Hero. Startup Heroes are the ones that drive progress, and whether you bring us to another planet or make your neighborhood a nicer, happier place, you can become a Startup Hero. This book is the first step. It helps you take that first step. The step will be different for everyone. It might be to call that customer. It might be to draw up a design concept. It might be to talk to your boss. With this book, I hope to guide people to think big, drive change and go full speed ahead. I am giving them a pledge to do their work for good, and I am giving them some of the tools they need to accomplish their goals. This book is hard. It takes you through a variety of activities, questions, stories and challenges (even puzzles and poems) working both the right and left side of your brain and all the parts in between. The activities I propose are challenging and sometimes even embarrassing. The questions I ask are probing and provoking. The stories I tell are used as examples to guide you toward what I call Startup Heroism.
So, why would you read this book? Well, I have worked for 30 years for entrepreneurs. I have supported, funded and coached Startup Heroes all my working life. And I have tested the concepts of this book on the students at Draper University and they have come out to be some of the most interesting, dynamic, and motivated people the world has ever seen. In fact, we have had about 1,000 students from over 60 different countries come through the program at this writing, and they have started more than 300 companies! I wrote this book so that some of the thinking that I applied to Draper University could be spread wider, in hopes that these messages would reach other potential Startup Heroes (maybe you) who might make an impact on the world, be proactive about their work, or at the very least, improve their lives.
So, I implore you. Read this book, try this book, do this book, play this book, absorb this book, experience this book. It might surprise you. It might thrill you. It might drive you. It might kill you. At the very least, I hope it will give you a perspective on how real progress is made, and at the very best, it might just change your life.
(Source: Amazon.com)
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Quotable Quotes for Everyone | |
No one is useless in this world who lightens the burdens of another.
Charles Dickens (1812 - 1870)
English novelist and social critic
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More About Mazon Associates, Inc. | |
Learn more about our factoring services by clicking our staff photo to the left!
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Building Bridges - Bridging the Gap
Connecting people and businesses through factoring!
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Can your business benefit from same-day funding of your customer invoices rather than wait the normal 30-90 days for payment? In today’s fast-changing economy, it is critical for businesses to be funded for product delivered and services provided in a timely fashion to keep pace with the competition.
Mazon Associates, Inc. is a financial services company that can provide your business with immediate cash flow through accounts receivable financing. Once your account is established, Mazon provides cash to your business each time you bill your customers, as well as provides friendly, in-house collection services on past due invoices.
- Established in 1976 and serving clients for more than 46 years.
- Multi-million dollar line of credit with an established bank.
- Clients range from $5,000 to over $1,000,000 in sales per month.
- Private family-owned business lending our own money to businesses.
- Clients range from start-up businesses to 20+ year companies.
- Same-day funding by ACH or wire transfer once an account is established.
- Month-to-month contract with no up-front fees.
- Factoring fees range between 2%-5% of the invoice amount.
- Factor all of your invoices or pick and choose the accounts you sell.
If you have any questions about our services, please feel free to give us a call at (972) 597-6967, send an email requesting an application (linda.burson@mazon.com) and/or visit our website at www.mazon.com.
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Mazon's Refer & Earn Program = Money in Your Pocket! |
Businesses - Associates - Friends - Family - Acquaintances!
You just never know when someone you know might need Mazon's factoring services! We offer an ongoing monthly referral payment of 10% of our fees for clients referred to us! Visit our Referral page for more information!
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Business Tip of the Month |
Prepare to Make Sacrifices
The lead-up to starting a business is hard work, but after you open your doors, your work has just begun. In many cases, you have to put in more time than you would if you were working for someone else, which may mean spending less time with family and friends to be successful.
The adage that there are no weekends and no vacations for business owners might ring true for those who are committed to making their business work. There is nothing wrong with full-time employment, and some business owners underestimate the true cost of the sacrifices that are required to start and maintain a profitable business.
(Source: Investopedia.com)
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After I retired, my wife insisted that I accompany her on her trips to Walmart. Unfortunately, like most men, I found shopping boring and preferred to get in and get out. Equally unfortunate, my wife is like most women - she loves to browse.
Yesterday my dear wife received the following letter from the local Walmart:
Dear Mrs. Woolf,
Over the past six months, your husband has caused quite a commotion in our store. We cannot tolerate this behavior and have been forced to ban both of you from the store. Our complaints against your husband, Mr. Woolf, are listed below and are "documented by our video surveillance cameras":
- July 2: Set all the alarm clocks in Housewares to go off at 5-minute intervals.
- July 19: Walked up to an employee and told her in an official voice, "Code 3 in Housewares. Get on it right away!" This caused the employee to leave her assigned station and receive a reprimand from her Supervisor that in turn resulted in management getting involved causing management to lose time and costing the company money.
- August 4: Went to the Service Desk and tried to reserve a bag of chips.
- August 14: Moved a 'CAUTION - WET FLOOR' sign to a carpeted area.
- August 15: Set up a tent in the camping department and told the children shoppers they could come in if they would bring pillows and blankets from the bedding department - to which twenty children obliged.
- August 23: When a clerk asked if they could help him he began crying and screaming, 'Why can't you people just leave me alone?" Emergency Medics were called.
- September 4: Looked right into the security camera and used it as a mirror while he picked his nose.
- September 10: While handling guns in the Sports department, he asked the clerk where the antidepressants were.
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October 3: Darted around the store suspiciously while loudly humming the Mission Impossible theme.
- October 18: Hid in a clothing rack and when people browsed through, yelled "PICK ME! PICK ME!"
- And last, but not least, October 22: When an announcement came over the loudspeaker, he assumed the fetal position and screamed "OH NO! IT'S THOSE VOICES AGAIN!"
(Source: Nadeesha Sonali Fonseka, Facebook Post)
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*About Our November Newsletter Header | |
A feat of manpower is inching closer to completion on the Detroit, Michigan's southwest side and over the Detroit River.
The $5.7 billion Gordie Howe International Bridge, when completed with a total length of 1.5 miles and a main span of 0.53 miles, will have the longest main span of any cable-stayed bridge on the continent and the 10th longest in the world. This summer, crews in each country are building toward the sky, inching the bridge towers to 656 feet as of mid-July, just 66 feet away from the towers' final height of 722 feet, which they are expected to reach by year-end.
Crews are also installing anchor boxes along the towers. These boxes are what secure the cables to the towers. The bridge needs 216 cables total, 108 cables on each tower, to maintain stability and hold the entire structure to the tower through tension.
According to the government of Michigan, the U.S. port of entry will be near Zug Island in Detroit, bounded by Fort Street to the north, Jefferson to the south and Green Street and Campbell to the west and east. At the 167-acre U.S. port of entry, located on the city's southwest side between the west and east Delray neighborhoods, 13 buildings and structures are coming, along with plumbing, drywall and steel installations underway.
The bridge is anticipated to be open for public use in December 2024.
(Source: Miriam Marini, Detroit Free Press, Aug. 9, 2023)
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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 startup, 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.
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Disclaimer: Building Bridges Newsletter is published monthly at no cost to subscribers and is for no monetary purposes as it is intended solely for the knowledge and entertain-ment of our subscribers. Our content is gleened from various public sites on the worldwide internet and no copyright infringement is intended.
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