Failure is a St…
Failure is a Stepping Stone
John Spence
Valuing Xero – in 1 hour
This is a useful read if you are interested in valuing an organisation such as Xero.
I’ve been asked too many times what I think of Xero’s valuation — whether it’s in the last few months, or in the years gone by. I don’t have much time, so decided to set myself a time and information limit and give it a go.
So let’s walk through how to do a valuation:
1: based on very limited information — specifically, just one piece of information — this earnings release from yesterday:
2: And I will try to do it in an hour. I really don’t have that much time.
Constructing the financial forecast
We start by putting down what we know from the earnings release into a spreadsheet.
There is not much there, but it should, however, be enough.
We next work out some ratios, and back-fill the run-rate numbers for September 2012. From now on we are starting to make assumptions, but we are using the…
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Champion Canterbury Awards: Cookietime
Congratulations to Cookietime for their Champion Canterbury Award last night. They won the “Producer Manufacturer” award for the medium/large category which is an awesome recognition of their innovation and leadership in their industry. A great leadership team to work with and a winning culture.
Fantastic we wo…
Fantastic we won the Americas Cup! #claimingthekiwisonoracle
Leadership Lessons From The Army
Leadership Lessons From The Army
This blog (Link Here) is one I wrote a while ago around some of the things I learnt over a career as an Army Officer. They apply in business leadership and in life in general.
Leading from the front 