Far West Capital September 2012 Newsletter

Far West Capital invites you to ‘Face Success’? Join us next Thursday, September 27, 2012 at 5 p.m. at Camp Mabry National Guard Headquarters in Austin, TX for a night of fantastic food, drink, networking, and presentations. Speakers include nationally acclaimed speaker and Face Reader Mac Fulfer, who has been featured on CNN (link: ) and special guest Karl Scheible from Market Sense. Click here for a special message from Cole.

All ticket sales will be donated to Wonders & Worries, a local nonprofit providing services to children whose parents are seriously, chronically or terminally ill. Space is limited so please purchase your ticket today! We look forward to seeing you! 



For the past two years, you have generously helped us raise money for an incredible organization, Wonders & Worries, through the Annual Beretta USA No Worries Classic. Your contributions have provided free counseling sessions and support programs to hundreds of local families and children whose parent has been diagnosed with a serious, chronic or terminal illness. These programs help children with their mental health, family relationships, school performance, friendships, and overall growth and development.

This year’s event is Saturday, September 29, 2012 and we’d be honored for you to join us again as we shoot for our goal of $40,000. We’ve raised $33,065 so far! Can we count on your help?



Occupy Wall Street has come and gone but Jay-Z summarized his view of the event in a recent interview with The New York Times. He said he never supported the protest movement because he didn’t understand what it stood for but the blanket demonization of the rich is un-American. He emphasized that free enterprise is what America is built on, and Jay-Z may know what he’s saying. He grew up in a Brooklyn housing project, and built a successful career becoming a music mogul and co-owner of the Brooklyn Nets.



Our El Paso office focuses on transportation factoring and we just launched a new website dedicated to that part of our business. Please check it out and let us know what you think! If you have any questions about freight and trucking factoring, we’d be happy to help.



According to a survey by the National Federation of Independent Business, the top three struggles for small business include taxes, regulations and poor sales. An article by The Foundry” explains, an approaching Taxmageddon crisis on January 1 because of the implementation of the Dodd-Frank law, the result of unemployment, and higher fuel prices. If job creation is such an important part of the economy as politicians claim, maybe we should give small businesses more attention and relief.



Running a 100-mile race is no easy feat. It takes an intense amount of time, training, focus, determination and sacrifice.  Far West Capital ‘s own Jason Lippman is no ordinary man. Last month, Jason ran his 4th Leadville Trail 100 in Colorado, alongside a stellar running team and supported by his wife and son (pictured below). His chip time was 24:41:18.27! Be sure to send him congratulations!



There are a variety of ways startups fund their growth. Instead of diluting their company’s financial assets, business owners chose to work with us to obtain working capital when traditional loans are not available. The Austin Business Journal wrote a story about how factoring works and featured two of our great clients – NurturMe and Raider Express. Take a look at the article here.



Two weeks ago, our Austin office had a ‘Lake Day’ to kick back and celebrate our hard work in 2012 so far. Work outings like this are great for team building and remind us of the need to create fun memories together and connect personally. We had no idea why Keegan and John chose to use the kiddie jacket, but after seeing their surfing skills, we understood.




Of course, our Austin office doesn’t have all the fun. Our El Paso office took a trip to Park City, Utah for the International Factoring Association Transportation Factoring meeting earlier this month. The team had a great time networking with others in the industry and discussing all things transportation factoring. The weather in Utah wasn’t too bad either!



Some of our customers are new to business ownership, and with so much on their minds, they forget to take care of their own financial savings.  In 2001, the Economic Growth and Tax Relief Reconciliation Act was created and allows businesses with a full-time employee-owner to contribute up to $50,000 in a solo 401K plan in 2012.  If you have a spouse on payroll, the benefits are higher. As with all financial decisions, check with an expert.



EO Accelerator had an incredible Learning Day last Wednesday. Daniel Marcos, a renowned Gazelles trainer and expert and a seasoned EO member, gave an overview of Mastering The Rockefeller Habits and covered these seven points: strategy, brand promise, cash conversion cycle, people, execution, three disciplines, and quarterly focus. If you’re interested in learning more about EO (Entrepreneurs’ Organization) and EO Accelerator, let us know. We’re big advocates of both and would love to share more information.



What do CEOs do when they are already successful but realize they are only penetrating the tip of their market’s iceberg? Most business leaders think of adding effort – of rowing harder – to create more success.  Instead, strong ocean currents can be found to carry them to success.  A company called CEOvision, founded by fellow EO member Jeffrey Stukuls, works with CEOs find the most powerful ways to harness and own their markets in size, profitability and market value. If your company wants to be market dominant, take a look at CEOvision.



Lance Armstrong announced a few weeks ago that he would not fight the U.S. Anti-Doping Agency’s charges against him any longer and he was stripped of his seven Tour de France titles. The ABJ did a quick online poll and out of the 1,080 voters, 53 percent hold Armstrong in high regard, 30 percent have mixed feelings, and 14 percent have little or no respect for Armstrong. But feelings and controversy aside, Armstrong has done incredible work against cancer. Since the inception of LIVESTRONG, also known as the Lance Armstrong Foundation, the organization has raised more than $470 million dollars for the fight against cancer, and 81 percent of those funds have gone directly to support LIVESTRONG programs and services for survivors.


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