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BUSINESS
May 26, 1999 | MARC BALLON, TIMES STAFF WRITER
The lights dimmed in the swanky dining room of the Balboa Bay Club in Newport Beach, and Scott Zimmerman strode briskly to the podium. Surveying the gray and blue suits before him, the entrepreneur humbly asked the assembled angels for a little bit of heaven.
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BUSINESS
January 7, 2002
Executive Roundtable is a weekly column by TEC Worldwide, an international organization of more than 7,000 business owners, company presidents and chief executives. TEC members meet in small peer groups to share their business experiences and help each other solve problems in a round-table session. The following questions and answers are summaries of discussions at recent TEC meetings in Southern California.
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BUSINESS
November 16, 1990 | JANE APPLEGATE
Being a nice guy almost drove Frank Mendicina out of business. Three years ago, customers of Irwindale-based Select Copy Systems owed him about $450,000, and half of his accounts receivable were 90 days late. "I was making money, but I couldn't get my hands on it," said Mendicina, who started out as a copier salesman about 20 years ago. He knew that unless he collected the money people owed him and tightened up his credit policies, he could lose the business he had purchased in 1981.
BUSINESS
June 4, 2001 | JUAN HOVEY, TIMES STAFF WRITER
The credit crunch facing small and mid-size businesses is spawning its own solution in unexpected ways, as Matt Willard, who runs Willard Engineering, a distributor of factory automation equipment in Santa Fe Springs, discovered when a man from United Parcel Service Inc. called on him one day last year. Don Marchbanks, director of West Coast sales for UPS Capital Corp.
BUSINESS
September 26, 1999 | JANET WILSON, TIMES STAFF WRITER
Bernard Grandchamp is the proud owner of the largest tent in all Quebec--an enormous 40,000 square feet of space when assembled, far larger than the 16,000-square-foot warehouse in this industrial park at Montreal's edge, where the tent lies packed and ready between rental gigs at corporate banquets and weddings. The big tent is proof positive of the rapid expansion of his Location Grandchamp party rental business. Fittingly, Grandchamp means "big field" in French.
BUSINESS
May 26, 1999 | LAWRENCE J. MAGID, SPECIAL TO THE TIMES
Microsoft Corp. on June 7 will release Office 2000, the newest version of its best-selling suite of office applications. Although updated with new, Internet-friendly features, the basic function of these programs hasn't changed. But this year Microsoft is adding components for the fast-growing small-business market.
BUSINESS
May 26, 1999 | JUAN HOVEY
If you're like most successful business owners, you have a substantial part of your net worth tied up in your company--and you will do yourself and your business a favor if you fix the problem now. Why is this a problem? Because the business that is an extension of the founder's ego often dies when the founder does, hurting many people--the founder's family, the company's employees, sometimes even the company's vendors and customers.
BUSINESS
February 27, 2001 | KAREN E. KLEIN, SPECIAL TO THE TIMES
Female owners of "fast-growth" businesses invest more in their companies and borrow more heavily than female owners of slower-growing companies, a survey to be released today found, but they are still less likely than their male counterparts to get commercial business loans. The National Foundation for Women Business Owners surveyed 1,194 entrepreneurs--602 women and 592 men--including "fast-growth" firms achieving revenue or employee growth of 30% or more over the last three years.
BUSINESS
January 5, 2000 | JUAN HOVEY
The electronic age has good news for business owners who want to find outside investors to make their operations grow. The Web is not the be-all and end-all when it comes to raising outside capital, but it does promise to make the job easier for business owners and investors alike. As outlined in this space last week, you can get a business loan on the Internet from a growing number of e-lenders targeting small and mid-sized businesses.
BUSINESS
January 6, 1995 | Don Lee, Times staff writer
Where to Find Funds: The Orange County Venture Network says the 1995 Southern California Funding Directory is now available through its office. The 220-page directory lists equity and debt-funding sources by industry in a region from Santa Barbara to San Diego. It includes venture capitalists, investment bankers, individual investors, and private placements as well as advisers in various industries. The directory sells for $69.95, plus $9.82 for sales tax and shipping and handling.
BUSINESS
February 27, 2001 | KAREN E. KLEIN, SPECIAL TO THE TIMES
Female owners of "fast-growth" businesses invest more in their companies and borrow more heavily than female owners of slower-growing companies, a survey to be released today found, but they are still less likely than their male counterparts to get commercial business loans. The National Foundation for Women Business Owners surveyed 1,194 entrepreneurs--602 women and 592 men--including "fast-growth" firms achieving revenue or employee growth of 30% or more over the last three years.
BUSINESS
February 26, 2001 | Juan Hovey
Are you having trouble borrowing from your bank or commercial finance company? Do you fear that without credit you can't expand your business in a slowing economy? Don't despair. If you run a healthy company with good prospects for growth, you have an alternative that can strengthen your business and propel it safely through the economic slowdown. How? Find an equity partner to inject growth capital into your company in exchange for a piece of the action.
BUSINESS
February 23, 2001 | From Associated Press
The president of Venezuela wants state banks to grant interest-free loans to poor people looking to start small businesses. "We want to give incentives. . . . Those who pay back on time will get a discount, and those who cancel before expiring will get a bigger discount," President Hugo Chavez said Thursday during an economic forum. "This is necessary to pull people out of misery, poverty." Chavez said the idea was inspired by similar initiatives in Arab countries.
BUSINESS
February 12, 2001 | Juan Hovey
What does it take to make a business recession-proof? There's more to the job than simply having enough cash on hand or a reliable source of bank financing. You must also use your capital wisely. That means running your business efficiently, paying close attention to three key elements of your operations: * production and distribution * staffing * receivables and payables These items are like boulders in a riverbed, which create swirls and eddies in the current.
BUSINESS
January 3, 2001 | Juan Hovey
Get ready for some hard work if you expect to need bank financing to expand your business in 2001. The economy seems to have slowed across the board, making it a good bet that small business will find it harder to borrow money this year than last. This doesn't mean that bankers will close up shop, of course. Instead, it means that business owners will have to work to make themselves good risks in the eyes of lenders. How?
BUSINESS
May 15, 2000 | From Reuters
Online spending by small businesses in the United States has surged more than 1,000% since 1998 and is expected to grow to $118 billion by 2001, according to a study released Sunday. In 1999, small businesses spent more than $25 billion on products and services via the Web, a significant increase from the $2 billion spent in 1998 and further igniting the already popular trend in business-to-business transactions that has taken the Internet by storm over the last several months.
NEWS
August 12, 1992 | VIRGINIA ELLIS, TIMES STAFF WRITER
As the state's budget stalemate stretches into its sixth week, the Wilson Administration is exploring the politically touchy issue of allowing payment to small businesses that have received no remuneration since July 1 for goods and services supplied the state.
BUSINESS
August 25, 1992 | KATHY M. KRISTOF
Every year hundreds of thousands of Americans decide to chuck their 9-to-5 jobs and strike out on their own with a new business. And this year, there is reason to believe that business starts will soar thanks to corporate layoffs and early retirement programs, which have left millions of Americans out of work.
BUSINESS
January 5, 2000 | JUAN HOVEY
The electronic age has good news for business owners who want to find outside investors to make their operations grow. The Web is not the be-all and end-all when it comes to raising outside capital, but it does promise to make the job easier for business owners and investors alike. As outlined in this space last week, you can get a business loan on the Internet from a growing number of e-lenders targeting small and mid-sized businesses.
BUSINESS
September 26, 1999 | JANET WILSON, TIMES STAFF WRITER
Bernard Grandchamp is the proud owner of the largest tent in all Quebec--an enormous 40,000 square feet of space when assembled, far larger than the 16,000-square-foot warehouse in this industrial park at Montreal's edge, where the tent lies packed and ready between rental gigs at corporate banquets and weddings. The big tent is proof positive of the rapid expansion of his Location Grandchamp party rental business. Fittingly, Grandchamp means "big field" in French.
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