Kemp branch of TGCCLACC meets
Special to The Monitor
KEMP–The Kemp branch of the Greater Cedar Creek Lake Area Chamber of
Commerce met Tuesday, June 6, at the office of Donna Allen’s Tatom’s
Bookkeeping, in downtown Kemp.
The Kemp branch will host the next two TGCCLACC luncheons to be held in
Gun Barrel City at Vetoni’s Italian Restaurant.
The speaker for the Thursday July 12, luncheon will be Bud Henry, who
will speak to the local businessmen about civil rights and what local
businesses need to do to be compliant with the laws.
The following luncheon is slated for Thursday Aug. 9, and the guest
speaker will be State Representative Betty Brown will summarize the
legislative session recently held in Austin.
Those planning to attend either luncheon should reserve their place by
calling the Chamber office at (903) 887-3152.
In other business, the branch set tentative dates for several upcoming
events in Kemp.
The annual Christmas in the Park will be either Saturday, Dec. 8 or Dec.
Santa will be there. We don’t want to conflict with the Annual Cedar
Creek Lake Area Christmas parade.
The Annual Bluebonnet Festival is set for April 19.
Yes, we’re planning on having the lawn mower races back as well as the
car show and all the fun.
The Miss Kemp Pageant will be May 17.
We don’t have a date yet but the Kemp branch will once again team up
with the Kiwanis club to welcome all the new teachers to Kemp with a
breakfast and bags of goodies from local businesses early one morning in
The new waste station in Kemp opened Tuesday July 3. A Grand Opening
follows July 17.
Refreshments at the June 6 branch meeting were provided by Gerrie and
Mark Chancellor/Kemp Self Storage.
Do your homework before you buy a business
Special to The Monitor
CEDAR CREEK LAKE– Not every would-be entrepreneur wants to start a small
business from scratch. There’s a certain attraction to coming into a
business that already has a location, name, permits, customers and cash
flow. Moreover, compared to a start-up, there’s a lower level of risk
and a greater likelihood that bankers and investors will help you obtain
However, none of this guarantees that the going will be smooth. At the
same time the owner is looking for a suitable buyer, you are looking for
a suitable business: one that’s in good shape with a history of
The risks you may encounter may include obsolete inventory,
uncooperative employees or outdated technology and distribution systems.
Here are 10 questions to aid your discovery as you consider the purchase
of a particular business. (Many of them apply to purchasing a franchise
1) If I am actively considering a specific business opportunity, have I
assembled an acquisition team with my banker, accountant and attorney?
2) Why does the owner really want to sell the business?
3) What assets convey with the business? (Do there seem to be more fixed
assets than it warrants?)
4) How much inventory is there? (For a business that sells a product,
excessive inventory is a red flag.)
5) Will the owner help me learn the business and give operating help, at
least for a while?
6) What aspects of the business are most critical to its survival?
7) How much cash does the owner need up front?
8) What is the best way of financing this purchase? Will the owner help
with financing (for example, through leveraging the buyout)?
9) Is the owner willing to show me projected financial statements as
well as the past three years’ balance sheets, income statements, cash
flow statements and tax returns?
10) Has the company or its principals been involved in bankruptcies or
Hiring a business broker to help you find a business will cost you a
commission. On the other hand, the broker has typically prescreened the
Keep in mind that not all states regulate business opportunities and
that even among those that do, definitions of “business opportunity”
A number of Internet sites provide information for prospective buyers
and sellers of private businesses. They include the Online Business
Advisor (onlinebusadv.com) and buysellbiz.com.
You can also find a variety of books, reports, reference guides and
other tools at the Business Book Press Web site (www.businessbook-press.com).
If you would like to explore the potential of acquiring your own
business, contact SCORE “Counselors to America’s Small Business.”
SCORE is a nonprofit association of more than 10,500 volunteer business
counselors who provide free and confidential business counseling to
small business owners.
There is a SCORE Chapter at The Greater Cedar Creek Lake Area Chamber of
Commerce. Call (903) 887-3152 for an appointment.
The Humane Society of Cedar Creek Lake
My name is Bernie. I am a Irish
Wolfhound mix. I am 6-7 months old. I am fixed and current on
all of my shots. I am in need of leash training, but I know how
to sit and shake. I get along really great with other dogs and I
just adore children. I will play with any dog you put me with. I
love to chase cats, but I won’t harm them. If they try to get
me, I run away screaming. If you can find a place in your family
for me, I promise you will love me. I am the biggest baby ever!
My name is Shelby. I am a
beautiful female Sheltie mix. I was brought to the Shelter by
animal control so I have no history. I am fixed and current on
my shots. I seem to be a little shy but am friendly and very
gentle. I walk on a leash and seem to be housebroken. I am a
beautiful girl looking for my new forever home.
My name is Bambi. I am a
beautiful white female mix. I have been fixed but I need my
shots. I am a very shy girl at first, but come out of it once I
trust you. I seem to be housebroken. I am a beautiful girl
looking for my new forever home.
My name is Happy. I am an older
female Akita mix. I am a very happy girl with a very laid back
personality. I do not have much history, however I am now
current on my shots. I am a wonderful girl looking for my new
wonderful forever home.
Pictured are just a few
animals at the Humane Society of Cedar Creek Lake in Seven
Points in dire need of a good home. Please call or stop by the
Humane Society today and rescue one of these forgotten animals.
The Humane Society of Cedar Creek Lake is located on 10220
County Road 2403 in
Seven Points. For more information, please call (903) 432-3422
after 11 a.m.
We are closed on Wednesday and Sunday.
For further information
visit our website at