Following on from my post about Xero’s general release, and some comments I received in response, I got to thinking about peoples expectations. People generally and people in NZ specifically.
We seem to have this attitude that everything should happen yesterday (and I’m restless and as guilty of this as anyone). Let’s look at the facts in relation to Xero in particular;
- The prospectus was very clear that revenue would be a medium term goal
- Similarly it was clearly stated that there was a three year development window for Xero during which time resource would be put into systems, processes and capability building
And people are now (only a few months post listing) moaning about revenue streams and dividends.
Put t this way – I’m a father of young kids – I’d love for them to be at Med school and Law school right now (one of each thanks and I’m yet to decide on which specialities I’d like them to move into but I’m thinking Anaesthesia and resource management Law – no pressure though!) but that’s simply not viable.
Businesses, like kids, need time to grow, to develop and to mature before which too much pressure is counter productive.
It’s encapsulated in a doodle that a friend sent to me recently – enjoy!