Lance Wiggs sums up - all told in the one chart
https://lancewiggs.com/2016/10/25/wh...dministration/
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Lance Wiggs sums up - all told in the one chart
https://lancewiggs.com/2016/10/25/wh...dministration/
No. Xero's revenue is actually growing, and they have started to make an effort to get cash flow under control in the past 12 months or so. Did Wynyard seriously have 3 years without growth!?!?
And most importantly, Xero actually has money in the bank, unlike Wynyard.
Spot on, they key for any SAAS firm is to have ability to raise cash well in advance when chasing growth and have great product backing...
In case of Xero we all could understand what they're marketing and its designed for mass market like Accounting whereas in WYN's case no one is sure about their product nor of their customers. All customer contract details were strictly confidential in nature incl names and size of deal etc...
For me CEO should've been shown door long back....nuff said, sorry all current shareholders...
Gosh, I didn't expect to be quoted by Stuff when I wrote that.
http://www.stuff.co.nz/business/opin...seated-problem.
Not sure whether they can legally reproduce my comment as this site's privacy policy seems a little contradictory.
Anyway, be careful what you say as you never know where it might be used :)
Thats the problem with having dozens of people reading threads day in day out that do not have to be a member of the site .
I would have thought it would be better to make it compulsory to have a sign in , accept conditions around what can be posted .
Plus the usual disclaimers that none of this is advice ......( in this new world of compliance)