Mon, 14 September 2020
In this episode, Hall welcomes back Jef Sharp, CEO of Qnect.
Located in Hadley, Massachusetts, Qnect is an intelligent, cloud-based connection app that gives fabricators, detailers, and engineers fast and flexible connections with significant cost and schedule savings. In minutes, users can connect most steel buildings without capital cost and with minimal initial training. Two important benefits of Qnect include Preference Optimization and Bolt Optimization.
Jef has over 35 years of experience leading and growing tech companies. He has a passion for value creation. Jef is a serial entrepreneur and has co-founded and led many innovative businesses: Qnect (SAAS), Panève (Big Data), Qteros (bio-fuels), Xfinit, (intrusion detection software), XSCapacity (online exchange for excess capacity), TechCavalry (IT service), and Gravity Graphics (Inc. 500 co) Jef served on the Qteros Board for 5 years, the Panève BoD for 4 years, and is an advisor to PeopleHedge and 5 yr. advisor to Oakridge National Lab.
Jef updates Hall on the company's growth since they last spoke to include a few of their new projects. He explains Qnect’s technology and some of the exciting plans in the pipeline.
You can visit Qnect at www.qnect.com.
Qnect currently has financing that is closing soon and Jef welcomes persons to contact him via LinkedIn at https://in/jef-sharp-721b7/, via email at firstname.lastname@example.org, and via telephone at (413) 896-1367.
Direct download: Jeffrey_Sharp_of_Qnect_follow_up.mp3
Category: -- posted at: 11:06am CDT
Mon, 14 September 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Working capital is the capital you need to run the daily operations of the business and includes anything that can be converted to cash.
This includes cash, accounts receivables, and inventory.
Accounts payable reduces your working capital as you must pay it out each month.
Payment terms and timing of cash inflows and outflows impact your working capital.
There’s typically a delay between the time you build and deliver a product/service and when payment of funds arrive.
As we discussed before, cash is king, and running out of cash can shut down a business. It’s important to know your working capital position at all times.
Working capital is calculated as the number of days your sales and payables are outstanding.
To calculate your current working capital, take your annual revenue and divide by your payment terms.
Place this on the balance sheet.
Also include the number of days you hold inventory before using it.
If your working capital is insufficient, there are numerous financing options to fill the gap.
Direct download: EG_July_2020_Startup_Funding_Espresso_--_Financial_Projections_-_Working_Capital.mp3
Category:general -- posted at: 8:00am CDT