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jasonturbo · 03-12-2012, 10:05 AM

Online Employee Scheduling Software | Workforce Management

Anyone care to share their thoughts on the above company?

A good friend launched this about a year and a half ago, every month they have seen growth and increased revenues, he also has lots of interest from outside investors. He basically gave some people (Friends and family) a chance to get in on the next round of financing by selling some shares, the shares are quite expensive but basically would leave me owning half a percent of the company. The potential upside is huge...

Whats the risk? The risk is they are about to expand the business by employing a sales team based out of California, hiring something like 15-20 full time sales reps... if the sales reps don't pay off it will hurt the cash reserves of the company, but they can go back to operating as they do now, primarily based in Panama with low overhead and continued "slow" growth.

I think it's brilliant, they have a long term vision for the company that I like as well, and are currently focussed on establishing themselves as the company everyone identifies with cloud based shift planning and it's associated features like payroll, and others which are in the works.

Posted via RS Mobile

03-12-2012, 10:05 AM	#6929
jasonturbo I contribute to threads in the offtopic forum Join Date: Feb 2008 Location: North Van Posts: 2,849 Thanked 7,109 Times in 1,264 Posts Failed 291 Times in 102 Posts	Online Employee Scheduling Software \| Workforce Management Anyone care to share their thoughts on the above company? A good friend launched this about a year and a half ago, every month they have seen growth and increased revenues, he also has lots of interest from outside investors. He basically gave some people (Friends and family) a chance to get in on the next round of financing by selling some shares, the shares are quite expensive but basically would leave me owning half a percent of the company. The potential upside is huge... Whats the risk? The risk is they are about to expand the business by employing a sales team based out of California, hiring something like 15-20 full time sales reps... if the sales reps don't pay off it will hurt the cash reserves of the company, but they can go back to operating as they do now, primarily based in Panama with low overhead and continued "slow" growth. I think it's brilliant, they have a long term vision for the company that I like as well, and are currently focussed on establishing themselves as the company everyone identifies with cloud based shift planning and it's associated features like payroll, and others which are in the works. Posted via RS Mobile Last edited by jasonturbo; 03-12-2012 at 10:39 AM.