Xero Analysis – Sam Stewart

So most of my readers by now will know I am a 100% Xero convert – though I am still waiting for the much anticipated Foreign Currency Release later this month to complete my transition.

Anyway I was recently catching up on Rowan Simpson’s blog and discovered a link to a wonderful analysis of investing in Xero and a model (I suggest you read the article and download the model from Sam’s site) to determine customer numbers and revenue requirements to achieve an acceptable rate of return on your investment given the risks etc.

While I found the analysis extremely comprehensive I was more intrigued by the author – the name rang a bell.

Reading various other posts on www.samstewartnz.com made me more sure this was an old acquaintance from my university days.

So I sent an email with a few snippets of history that would have been a  little strange were it not the same Sam Stewart but as it turned out it was.

Sam has spent time in Wellington after studying at the University of Auckland and is now currently in Brisbane.

Just goes to show you don’t need to rely on Facebook to catch up with old friends!

63km is a long way to run…

Which is why on Saturday we did the 5 man-relay not the Solo Ultra-Marathon of the Te Houtaewa Challenge 2009

At 8:30 Saturday morning Sally set off to run the first 3 km section of the 63km Relay down Northland’s Ninety Mile Beach. For the next 4:47:19 we took our turn to run a 3km section and then drive down the beach slowly making our way from the bluff to Ahipara.

map2

The team consisted of:

  • Gav
  • Ed
  • Wazza
  • Sal
  • Me

All of them seasoned pro’s having run the event as many as 6 times before (it only started in 2003!) I was new to the relay but had run the extremely monotonous Half Marathon back in ’99.

The guys were a little nervous at the start when they heard there were 5 other teams entered this year, however the nervousness was uncalled for as we ended up winning by over 45minutes.

Hats off must go to Tony Ahern though as he finished only 38 minutes after us having run the whole 63km himself!

Hats off also to the organisers – the event is very well run and has a fantastic Far North Community feel about it.

Watching History Being Made

Sometimes watching history taking place is not what it is cracked up to be.

Last night I watched history being made in the Super 14 as the lowest score ever was recorded – 6-0 to the Highlanders over the Crusaders.

That said even in such a low scoring affair and against an under strength Crusaders side a win is a win and must be enjoyed! Not only did we beat the Crusaders but we also became the first team in Super Rugby History to hold the Crusaders scoreless – an amazing feat in itself.

As a Highlanders supporter since day one, life has been pretty tough – we had a great couple of years in 98/99  but since then nothing much has eventuated and it was the Crusaders themselves who denied the Highlanders their only title chance.

One of my friends is a Crusaders supporter who has had one up on me for a long time  – I can just hear the excuses he’ll be making about last night!

However, aside from a low scoring game, the biggest irony yesterday was that 3 games of rugby were played in New Zealand in glorious conditions – why therefore can we not get a full one day game of cricket played against the Indians!

The Power of the Internet

Using the Internet to communicate and sell is basically taken for granted these days, however from time-to-time it never ceases to amaze me on how quick things can happen. Also because everything is handled electronically the ability to monitor and analyze results is incredible – in days gone by it was time intensive to try to determine responses to direct mail campaigns and the information was never very accurate.

Yesterday Cadimage Tools announced the release of a book – the GDL Handbook:

gdlimage

At 4:18pm I sent 3942 Emails to all my Customers – (customers who have opted in to receive Newsletters so not Spam!)

The Email, while focusing on the Book, also had a couple of other topics of interest to our customers and included a series of links that the customers could follow for further information about the Topics.

Within 2 minutes of sending the email customers were already clicking the links.

Within 10 minutes the it was easy to see that the two links relating to the GDL Handbook were the most popular links.

At 4:24pm we received the first Sale of our new book! 6 Minutes after the original email – Wow!

By 10:19pm (6 Hours 1 minute after email) we had orders for 9 Books from Australia, Germany, Luxembourg and the USA

Having now arrived at the office (8:12am next day) I have looked at the ‘link stats’ which are also interesting:

In the first 16 hours:

We have received 709 Clicks from 403 Unique Customers (approx 10% of email recipients)

229 Clicks have been registered against a PDF of sample pages from the Book

130 Clicks have been registered against the Product Page on our Website where customers can purchase the Book

While some of these numbers aren’t necessarily big, it is the speed of them that amazes me.

Now while the above makes it sound easy to do business on the Internet this is certainly not the case:

  • We have invested for over 4 years in establishing our International eCommerce Website
  • The Book has taken Andrew Watson over a year to write
  • It has taken 3-4 weeks to get all the marketing and launch material together

The main point is though, all this effort is being rewarded and because of the infrastructure we have build we know we can easily launch new products quickly and make sales from around the world.

The Inauguration!

Currently being in Atlanta I couldn’t help myself but to post a short piece on what will likely be one of the world’s most historic events – the inauguration of President-elect Barack Obama!

Last night I flew over the top of Washington and based on the statistics I was hearing today I think that is a close as I want to get!

They are predicting over 2 million people will head out to see the inauguration ‘live.’ I say ‘live’ because by some accounts some people will actually be as many as 27 blocks away from where it all takes place.

To cap it off today (the day before the big event) is Martin Luther King day so in the words of one man I was talking to at breakfast “we’re in the middle of four days of celebration.”

Some people are saying the inauguration overshadows the importance of today – I believe however it actually makes the significance of the event that much greater.

I know tomorrow virtually the whole US will stand still – I am sure there will be plenty other places around the world that do so too.

Note to self: Must Blog more in 2009!

Being relatively new to blogging I am still learning the ropes and as the title suggests I want to blog more next year.

That said, next year is only 9 days away so I’d like to wish you all a Merry Christmas and those us in the southern hemisphere a great summer break.

For those of my readers in the north hopefully this image will show you what we will be enjoying.

©davidwallphoto.com

Till next year… see you later.

iPredict – NZ Predictions Market

With the two major news topics in NZ currently the Financial Market Turmoil and the upcoming NZ General Election the following website is of particular interest.

www.ipredict.co.nz

iPredict is New Zealands first real money predictions market. At a time when everyone is debating whether the current market should be left to sort itself out (as general theory suggests it would) or should be bailed out it interesting to observe what is, from my point of view, a new type of market.

Prediction Markets have actually been around since 1988 and harness the wisdom of crowds.

Like a stock market, stocks can be bought and traded and based on this trading a price for a predication is established that represents the crowds wisdom.

The majority of the current ‘stocks’ on iPredict deal with our upcoming election. Even if you don’t want to become a trader it does provide some interesting insight.

Research shows that Prediction Markets have a very high success rate and from an election point of view the reasoning for this is:

Prediction markets beat political polling for two reasons. First, they ask the right question. Pollsters ask who you will vote for. Prediction markets ask who is going to win. Second, prediction market traders put money where their mouths are, so it pays to do a little homework.

iPredict is owned by Victoria Link Ltd, itself wholly owned by Victoria University of Wellington, and the Institute for the Study of Competition and Regulation (ISCR), also in Wellington. Our primary purpose is academic research.

While iPredict allows traders to make money I have found it just as interesting to monitor the stocks without actually yet purchasing.

Check out the website for more information and to sign up if you are keen to trade!

Great Coffee and Old Friends in London

Like most Kiwi’s I appreciate a good coffee which leads to one of my pet hates regarding travelling! There are very few places that make a coffee as well as my local cafe Bar Italia, Takapuna.

Having been in London for the last few days I made it my mission to hunt out Flat White a kiwi-run coffee shop in Soho – winner Independent Coffee Bar of the Year in the UK 2007 – Project Cafe07.

So there I was standing in line waiting to order a long awaited Latte and low and behold, in Soho, London I am standing behind William Tozer, an old friend from my days studying Architecture at Auckland University.

What a coincidence! William was recently featured in Architecture NZ as after having completed his studies he has been practicing Architecture in London for the last 12 years. Having read the article, I had thought I should look him up if I got the chance!

During the short wait for my coffee William and I caught up on 12 years!

The coffee and the catch up were both superb and I strongly recommend all Kiwi Coffee Lovers in London to make a visit to Flat White – you never know who you may bump into!

Morgo 08 – Segways and Jetpacks

I was fortunate to be invited to Morgo 08 an extremely rewarding experience where I was able to rub shoulders (network) with some of NZ’s best entreprenuers along with invisted guests from around the globe.

Jenny Morel, the founder of No8 Ventures and the Morgo concept, in a pre-event article in Unlimited magazine explained that she is always a little nervous in the lead up to Morgo and that she uses the noise level at the first networking dinner to determine if the event will be successful. Well the noise at ALL meals was almost deafening and I certainly sum up the overall event as a wonderful success.

Glenn Martin’s presentation regarding his recently released Jetpack was an amazing example of someone who has put his life into an idea. It was just a pity his jet pac was still stuck in the USA somewhere.

As always, the Segways proved popular and there was more than a little NZ/Aussie competitiveness when Scott Farquhar from Atlassian got up and going.

Photo courtesy of Morgo 08

Photo courtesy of Morgo 08

One of the main ‘rules’ at Morgo is “that everything that is discussed at Morgo stays at Morgo” This allows everyone to get a huge amount of value by being confident they can share commercially sensitive information in a forum where ideas can be explored freely and everyone has valuable input to offer.

That said, there have been a number of items published recently that follow on from the Morgo Conference:

Tech investor plans $100m fund to give start-ups a lift

Kiwi enterprise must graduate from bronze to gold

The National Business Review, Friday 5 September. By Mark Peart
Page 8.

Putting a rocket under the economy


The National Business Review, Friday 5 September. By Mark Peart
Page 8.

Jetpack looks to military for takeoff

The National Business Review, Friday 5 September. By Mark Peart
Page 7.