Edward Granaghan is a Cream Ridge, NJ, resident that invests in start up companies that have a potential to change the customer experience through software innovation. The New Jersey resident Edward Granaghan holds an MBA from New York University and has an interest in entrepreneurial finance.
Entrepreneurial finance defines a broad discipline geared toward the quantity and timing of capital deployed for startup ventures. The process begins with mapping a plan that outlines the amount of capital needed, product development stages, and go-to-market milestones. Financiers release capital in stages, each one building on the last. Projected sales, growth, and profitability levels determine the amount needed in funding. So do one-time and recurring costs and working capital projections that span credit, payment, and inventory arrangements. Entrepreneurs must define clear and achievable financial goals and capital needs. In addition, entrepreneurs must outline equipment costs, employee compensation packages, and cash reserves for future expansion. After receiving funding, entrepreneurs must spend the allocated funds judiciously and transparently, according to a well-defined budget. Track Expenses and outlays and separate business and personal expenses so that investors receive accurate, regular updates on progress toward goals.
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These days, a fast-paced business environment requires prompt strategy adjustment and continuous process improvement as critical elements of business operations. Process improvement refers to optimizing existing business processes to meet market standards, improve customer service, provide better operational efficiency, and stay ahead of the competition.
Businesses like barbershops often face stiff competition, as people must groom at the end of the day. Regardless of the nature of the business, every venture follows a set of activities to meet an objective. Other than increasing efficiency, process improvement assists in maintaining order and consistency. As industry technology changes, an existing process may become unwieldy or obsolete. Process improvement, like updating software or automating product packaging, updates the set of activities to ensure optimized performance. Outdated and ineffective processes result in dissatisfied clients, increased costs, missed deadlines or appointments, stressed employees, and duplicated activities. Adherence to process improvement helps boost morale, promotes talent retention, and enhances customer satisfaction. Based in Cream Ridge, New Jersey, Edward Granaghan in his spare time is interested in exercise. One exercise regimen that is starting to become popular is called adventure racing, an outdoor sport requiring athletic and mental training to reach certain locations.
Adventure racing involves individuals or teams reaching checkpoints marked on a provided map, using a compass and other navigational techniques via multiple modes of transportation. An adventure racing course contains various legs, each completed with at least one method of transportation, like hiking, biking, paddling, or other modes chosen by the race organizer. Individuals or teams must carry the gear required for the race themselves. Adventure racing events can last either one or multiple days. Sprints, adventure racing events that take up to six to eight hours to complete, require minimal training and usually occur in more developed outdoor areas. Between 12 and 36 hours long, one-day races typically occur in more remote locations and introduce the logistical and physiological challenges of racing at night. Races at least two days long are called expeditions and contain the most varied environments and disciplines needed to navigate the course. A resident of Cream Ridge, New Jersey, Edward Granaghan is a former telecom professional who enjoys following the technology space.. While at his home in Cream Ridge, NJ, Edward Granaghan enjoys following the progress of companies he is impressed with, including Squire Technologies, Inc., a barbershop tech software platform.
On July 28, 2021, Squire announced it had raised $60 million in a new funding round that tripled its valuation to $750 million. The recent round, a Series D round led by Tiger Global, also included participation from the company’s earlier investors Iconiq Capital, Trinity Ventures, and CRV. Squire had previously raised capital in December 2020 at a $250 million valuation. The new round brings to $165 million all the money the company has raised since its inception. Squire launched in 2015, offering barbershop management and POS systems to barbershops in the United States. Its full-scale offerings now help barbershop owners with all aspects of their business, from scheduling to payments, inventory management, customer relations, and payroll. It now serves more than 2,000 partners in 40 markets around the world. The company’s co-founder Dave Salvant said the money from the new funding round would grow its sales and engineering teams. The company had more than 175 employees at the end of July 2021. Based in Cream Ridge, NJ, Edward Granaghan a former telecommunications employee and a small business investor is impressed with DataGryd's management team's accomplishments. Situated in Lower Manhattan, MegaSuite 6 has been completed within DataGryd’s 60 Hudson facility, which encompasses 60,000 square feet. Combining cooling infrastructure and colocation space, the facility meets diverse telecom, data network, cloud, and large enterprise needs.
Tenants of the carrier hotel benefit from unsurpassed scalability in a concentrated Internet connectivity hub. In total, 60 Hudson offers access to more than 300 interconnected exchanges and carriers trough points of entry (POEs) that include both direct fiber conduits and various data network providers. The turnkey data-center build solidifies 60 Hudson as a global business and networking epicenter, with cooling towers and utility power generators providing 5,000 kilowatts of reliable infrastructure. Customizable suites are designed to offer wholesale pricing through plans that range from 100 kW to 5 MW, and offer ready access to the New York and New Jersey markets. Based in Cream Ridge, NJ, Edward Granaghan has worked in corporate finance for more than 25 years. Since 2014, he has worked in multiple global insurance companies. Alongside his daily activities in New York and New Jersey, Edward Granaghan is a member of the Society of Insurance Financial Management (SIFM). Overseeing a number of programs and activities to help members stay current on issues that affect financial areas of the insurance industry, SIFM hosts an annual conference in September and quarterly conferences in March, June, and December. At the SIFM March 2019 Quarterly Conference, the society's members gathered in New York City to hear presentations from 16 speakers, including SIFM President Erin Mulloy. The speakers also included representatives from top finance and insurance companies, such as Ernst & Young and MetLife. Following a welcome presentation from Ms. Mulloy, the conference continued with presentations on topics such as insurance company tax reform, future privacy trends, and digital transformation in the insurance industry. More information about SIFM programs and activities is available at www.sifm.org. |
AuthorEdward Granaghan of Cream Ridge, NJ - 25 Years of Financial Experience. Archives
November 2021
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