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Managing your Cash - Shared screen with speaker view
Teri Terrien
20:24
If you have any questions for Ray or Bill please be sure to enter them in chat.
Jeanette Dempsey
25:12
3 is not true.
Eric Martinez
25:16
2 is false
Reshma Krishnappa
25:21
4
jay kim
25:29
3rd is false
David Bono
25:29
3 sus
Leslie Cozza
25:33
3 false
Melissa Kalicin
25:37
3
paula parkas
25:45
#3
Peter Bowers
25:51
2 seems to simple of a calculation to be true
Peter Bowers
25:55
Too =)
David Bono
33:42
Cash conversion cycle can be negative, no?
David Bono
33:57
(That's my question from the definition)
David Bono
34:28
Thank yu
David Bono
34:30
you
Dave Dunham
51:11
Aren't credit sales cleared within 48 hours?
Joe Attia
56:48
can you quickly see the difference with 30 day and 60 day terms on this model?
Claudia Middendorf
57:05
For my business, cc sales typically take 2 weeks before I get disbursement into my business bank account
Claudia Middendorf
58:41
I would like to ask how one can apply for a line of credit from a bank, especially if a business is relatively new and during this time. Would a business credit card help with purchasing materials and keeping cash on hand?
Subash Srinivasan
01:00:25
Typically the banks look for collateral, if it is a small business, the owner likely will be treated as proprietor and bank will run credit report & could even look for the owner’s home as collateral
Claudia Middendorf
01:01:22
Thanks Subash
Claudia Middendorf
01:02:09
Even if one’s credit score is pretty robust?
Subash Srinivasan
01:04:01
Yes! Ran into this years ago when 3 of us as partners tried to get a credit line from a bank for our startup company even with sales that we were fulfilling
Subash Srinivasan
01:05:10
Depends on the type of business, if there’s a plant & equipment that could serve as collateral
Jeanette Dempsey
01:12:50
2
Reshma Krishnappa
01:12:59
1
Claudia Middendorf
01:13:07
1
Subash Srinivasan
01:13:24
Don’t know if this objectionable- Invest Surplus Funds- do with care! Point 1 is key
Lidia Szydlowska
01:13:45
Can you speak about service based example?
jay kim
01:16:41
Are there a hard rules of thumb: such as how much percentage of revenues one needs in working capital ? Or it differs by business ? What percentage of annual revenues to keep in cash at all time ?
Sandie C
01:18:10
Thank you Terri - Hello, my name is Sandie Cataldo and I am work with the North Central MA Development Corporation, economic development entity at the chamber of commerce in Fitchburg. We a non-profit organization that partners with SCORE and offers microloans to small businesses unable to secure funding from the banks. we typical work with start ups and those with a lack of colleterial, maybe a credit issue. if you'd like more information please feel free to contact me at scataldo@northcentralmass.com or 978-353-7600 x 232. https://www.choosenorthcentral.com/
Teri Terrien
01:18:17
If we don’t get to your question because of time constraints and you would like to speak to SCORE mentor, please visit www.score.ri.org
jay kim
01:19:42
Besides the SCORE provided spreadsheet, I want a more robust spreadsheet, should I just customize it or is there a strongly recommended software for cash management ?
Claudia Middendorf
01:22:06
thanks. I often find the Q&A should extend!
Subash Srinivasan
01:22:08
Thanks Ray, Bill, Teri
Sandie C
01:22:11
thank you