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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 a....[MORE]
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| Christmas tree shop Connecticut - Vinny's Home & Garden Showplace - Christmas lighting Vinny's Home and Garden Showplace has locations in Wallingford and East Hartford, Connecticut. Offers garden supplies, plants, flowers and collectibles from Radko and Dept 56.
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| Connecticut Christmas tree farms Connecticut Christmas Tree Farms by Captain Jack's Christmas Tree Farm Network ... to find real Christmas Trees in Connecticut... Updated 9/25/05. Connecticut Christmas Tree Farms ... White and Scotch Pine. Features: Shop with wreaths, arrangements, cemetery boxes and ...
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| Vinny's Home & Garden Showplace - Connecticut garden center - landscape design Vinny's Home and Garden Showplace has locations in Wallingford and East Hartford, Connecticut. Offers garden supplies, plants, flowers and collectibles from Radko and Dept 56.
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| Christmas Tree Shops ... Locations. Connecticut. Danbury. Manchester ...
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| christmas tree shop Christmas Tree Shop. It's a store around here that originated in Massachusetts I think in the Nantucket or Cape Cod. We have a few of the stores in Connecticut as well. It isn't just Christmas stuff. ... see what all the fuss is about...I have a Christmas Tree Shop not 5 minutes away from me ...
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| Connecticut Christmas Tree Farms - Cut Your Own Christmas Tree in New England Connecticut Christmas Tree Farms: Head for Connecticut this holiday season and cut down and bring home a fresh fir or other pine to be your Christmas tree. ... Connecticut Christmas Tree Farms. Here's a comprehensive list ... This Canterbury, Connecticut, tree farm has 13 varieties of spruce, pine, and fir, plus a Silo Christmas Shop, horse and ...
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| Bees, Fleas, and Trees Home Make sure you Christmas tree is perfect this year. Visit us in Litchfield, Connecticut and pick the tree you want. We'll cut it while you enjoy hot chocolate and donuts in our Christmas Shop! ... We are still involved with the CCTGA - the Connecticut Christmas Tree Growers Association ... prices, it looks like all three wood stoves (counting the one in the "shop") will be going ...
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| Christmas shop in Connecticut - Vinny's Home & Garden Showplace - Christmas lights Vinny's Home and Garden Showplace has locations in Wallingford and East Hartford, Connecticut. Offers garden supplies, plants, flowers and collectibles from Radko and Dept 56.
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| Litchfield County Times - Wet Season a Boon to Tree Farms ... shop early, however, as many people select and cut their trees before mid-December. There are almost 20 farms belonging to the Connecticut Christmas Tree ... Connecticut Christmas Tree ...
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