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Q&A: When should a small business focus on growth over profits?

by Tim Berry

This is my answer to an interesting question on Quora: When should a small business focus on growth over profits? As soon as you have the cash flow managed, you should focus on growth, not profits. Profits are today, and growth is tomorrow. You need today assured by cash flow, but don’t sacrifice more today than... Read More »

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Quick Quiz: What Do Investors Cite as the Common Cause of Failures?

by Tim Berry

What do venture capitalists and angel investors cite as the common cause of the failures in their portfolios? That’s a great question, which somebody posed in Quora. And as I write this post, it has several really interesting answers. Jason Lemkin, who runs Storm Ventures, has my favorite answer. It’s also the overwhelming favorite of those... Read More »

Beautiful Ruins, by Jess Walter

You Have to Do Disappointment Twice

by Tim Berry

Such a beautiful quote: I ask if stories are empires, you’ll say— ‘Stories are people. I’m a story, you’re a story . . . your father is a story. Our stories go in every direction, but sometimes, if we’re lucky, our stories join into one, and for a while, we’re less alone.’ ‘But you never... Read More »

MBA and tech startups

Does an MBA Help in Running a High-Tech Business?

by Tim Berry

Question (on Quora): Does an MBA help in starting up and running a technology-based business?  My Answer on MBA for High Tech I have an MBA degree and I bootstrapped a software company past $10M annual sales and was a co-founder of another software company that went public in less than four years. And the... Read More »

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Real Cases: Paths Female CEOs Took to the Top

by Tim Berry

This is interesting: Harvard Business Review just published some research on how large-company female CEOs reached the top. The authors looked at the career paths of 24 women who head Fortune 500 companies. They do say they were testing the standard assumption that these women took “the most competitive business tracks, like investment banking and... Read More »

Work is Infinite

Startups and Business Owners: The ‘Have to Do’ Factor is Infinite

by Tim Berry

This should be so horribly obvious: Your business exists to make your life better. Not vice-versa. Don’t live to make your business better. Obvious? Sure. But people forget. Do you use what you “have to do” for your business as the constant recurring excuse for missing things that matter to people you love – soccer games,... Read More »

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The Frightening Decline of Distribution of Wealth

by Tim Berry

Today is Blog Action Day, an annual tradition since 2008, and this year’s theme is inequality. It’s hashtags are #BAD2014 #Blogaction14, #Inequality, #Oct16. It’s scary to me that we don’t all take better distribution of wealth as automatically important, and self evident. I remember being a kid, in the 1950s and 1960s, when everybody I knew,... Read More »

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Don’t Underestimate the Power of Fear

by Tim Berry

Whether you’re making a speech before thousands of people in an auditorium or just two people in the small conference room, there are professionals who proclaim confidence is key. Stay poised – be bold – win your audience with self-confidence. I’ve noticed a much different pattern with myself, though, when public speaking. It came up... Read More »

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Nobody is Going to Pay You For Your Ideas

by Tim Berry

Yesterday somebody posted an interesting comment on the bottom of my post ‘How to Sell an Idea to a Big Company.’ Sadly, that post explains to people why they can’t sell their ideas to big companies. Most of the 70-some comments there are from people who ignore what the post says and share how great... Read More »

experts speak half truths

When So-called Experts Say Don’t Do a Business Plan…

by Tim Berry

… don’t be confused. What they really mean is …  Don’t do a long static formal business plan. Do a lean, just-big-enough business plan. Deal with it as a constantly-renewing latest version, with a shelf life of a few weeks at most. Don’t fill it with excess supporting information. They won’t even look at a... Read More »