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Christmas Business Panhandles on Streetcorner in Effort to Raise Operating Capital to Make it Through Summer
By: PRWEB
Great American Collectibles uses highly unusual method to raise operating capital. Owner vows to close the business rather than move operations to China.
Aurora, OR (PRWEB) June 14, 2004 -- While most companies in need of operating capital tend to use banks or other traditional means of raising funds, Great American® Collectibles (http://www.gr8american.com) has decided to take its request to the streets, literally.
The spark for this novel way of raising capital is something Dan Sherman, entrepreneur and President of Great American® Collectibles, came up with while at a stop light one day. “It just occurred to me while watching a panhandler at an intersection that they probably expose their message to hundreds of people an hour, many of which are in the position to help out a struggling seasonal company like ours,” Sherman says.
Great American® Collectibles makes most of it’s annual sales from October to February. “The spring and summer is our time to hunker down and just try to survive,” says Sherman. “Unfortunately, we might not make it through this summer without a little help. That’s why I’ll be holding my sign until we either get help or just can’t go on any longer.” Sherman goes on to say, “Ironically, we are the closest we’ve ever been to profitability. The upcoming Christmas season should bring us out of the red and I’m not going to give up this close to success.”
It’s more than just the money for Sherman, however. When asked about moving operations to China, Sherman says, “We would have been profitable from day one if we manufactured our figurines in China, but our company is called Great AMERICAN® Collectibles, not Great CHINESE Collectibles. I’ll fold the company first.”
In January, 2001, Dan Sherman was selling enterprise software to Fortune 500 companies. Then, an interesting string of unlikely events led him to start Great American® Collectibles. “My wife, Allison, and I were collectors of a line of carved, resin, folk art Old World Santas made by a company in North Carolina. They were going out of business so we decided to save the line, not only for ourselves, but for the 1000s of other collectors worldwide.”
In February, 2001, without knowing the slightest thing about making resin collectibles, Sherman incorporated Great American® Collectibles. He explains, “We had a strong backlog of orders already on the books which helped. Then September 11th happened. I can’t say it negatively impacted our business for 2001 since many of the orders were already placed for that Christmas season, but it did affect our business in the 2002 and 2003 Christmas season.”
Now, in their 4th full year, Sherman has run through all of his own resources and needs to raise $10,000 to make it through the summer and build up inventory for the upcoming Christmas season. He’s hopeful that some self-employed successful busi....[MORE]
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| Christmas Dance on eBay Shop at eBay for great deals on Christmas Dance items. ... SILVER FLAPPER DRESS" CHRISTMAS Dance Costume AM, ends May-7 7:51 pm PDT ... SILVER FLAPPER DRESS" Christmas Dance Costume AS, ends May-7 7:51 pm PDT ...
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| The Winter Dance. ... The P.T.A. wants to Spencer a winter dance for all of memorial junior high school ... themes for the Christmas dance they are that everybody dress in Christmas colors, or have ...
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| ColorJoy!: The Dress has its Debut Art as an everyday attitude. May 07, 2005. The Dress has its Debut. Fun, Fun, Fun! That's how my Friday night went. It couldn't have been better. I got a beautiful dance dress in Cairo, the week of Christmas 2004. ... did not allow me to wear the dress. I've been a little ...
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| National Catholic Reporter: A Dancer's Christmas - Brief Article Full text of the article, 'A Dancer's Christmas - Brief Article' from National Catholic Reporter, a publication in the field of Reference & Education, is provided free of charge by LookSmart's FindArticles service. ... at Boston College, "A Dancer's Christmas" is Jesuit dance in contemporary dress. Jesuit Fr ... beautiful spiritual alternative to secular Christmas shows." Dance, said VerEecke, was a ...
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| Earthly Delights: Music - Dance - Costumes Earthly Delights play music for weddings, parties and dances, lead & teach fun dances for everyone and make Period Costumes and Irish dance Dresses ... Welcome to a world of music, dance and costume ... simple 17th century country dance to a snazzy 19th century couples dance ... book or a dance dress, or perhaps by simply ...
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| Dance Dress Here are resources for the search phrase dance dress. ... Directory " Dance " Dance Dress " Submit Site ... be plain text (no HTML) and it must include the phrase "Dance Dress". Minimum 250 characters and Maximum 1000 characters ...
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| Concordia Lutheran High School Dennis Borchers (Director of Student Activities) CLHS Dance Policies and Guest Form. The dress code stated below will be in affect for all dances sponsored by Concordia Lutheran High School. ... bandanas, scarves and sweat bands may be worn at the dance, except for Christmas Dance and PROM ... may amend this dress code to fit a "theme dance". GANG DRESS/BEHAVIOR ...
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