Financial Report

What ‘Accurate’ Means in a Business Plan

by Tim Berry

I just answered this question on Quora. I think it’s an interesting question, one that comes up often enough, and one whose answer is worth considering. How can I write a very accurate business plan. I’m hoping to win a grant in a business plan competition? The rest of this post is my answer on... Read More »

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Screen time helps build next generation of techies

by Tim Berry

Some “screen time” is good for these kids in my opinion. And whether or not it encourages them to be future entrepreneurs, if it helps them develop the right kind of familiarity with technology, it can’t be that bad. Read More »

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7 Financial Facts Every Entrepreneur Should Know

by Tim Berry

You don't have to be CPA or MBA to run a business, but you do need to know these 7 financial facts that can make or break a business. Read More »

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Contrarian Advice on Investment Pitch from a Pitch Veteran

by Tim Berry

“We coach entrepreneurs ‘think big.’ ‘Think change the world.’ That doesn’t mean use adjectives that are not credible. Everybody’s revolutionary and everybody’s disruptive now.” That’s Bill Reichert, managing director Garage Technology Ventures, veteran investor, a board member on multiple startups, and someone who has heard and reacted to hundreds of investment pitches. In this talk... Read More »

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10 Qualities I’d Look for in a Business Partner

by Tim Berry

Here are 10 qualities I’d look for in a future business partner: Integrity. The whole truth, not just the good news. Actually I want to know the bad news instantly; and the good news can wait. I want to work with people who never make me wonder what they are thinking or what they mean.... Read More »

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Timing is the Key to Success? Do You Agree?

by Tim Berry

Here’s food for thought. Idealabs founder Bill Gross analyzed several hundred startups, from big successes to big failures, looking for the most important startup keys to success.  He considered idea, team, business model, funding, and timing. This is his TED talk sharing what he found. Here’s some of his reasoning, in detail: The number one... Read More »

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Startup Ideas Worth Building

by Tim Berry

(Note: I rarely do guest posts on this blog, but I ran into this answer on Quora and I am happy to post it here, as a long quote, with credit to its author. – Tim)  Noam Kaiser is a professional investment manager, alias venture capitalist, or VC. The question at Quora.com was: Do you... Read More »

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Lean Business Plan to Get What You Want From Your Business

by Tim Berry

Are you running your own business or looking to start a new business? The lean business plan is an easy way to set down your strategy, tactics, milestones, and essential business numbers. Just do it for yourself and your team, with a few streamlined bullet points for strategy and tactics; plus lists of key milestones, tasks, assumptions, and performance metrics; and... Read More »

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All Ideas are Brilliant Before They Are Executed.

by Tim Berry

“No battle plan ever survives first contact with the enemy.” – Helmuth von Moltke. Similarly, all business ideas are brilliant before they are executed.  Ideas have to run through an obstacle course of hard realities before they are really opportunities. Few ideas make it. Everybody has ideas, Millions of business ideas are floating around everywhere. Every problem anybody... Read More »

Steps to Entrepreneurship

I Want to be An Entrepreneur. What Steps do I Take?

by Tim Berry

What Steps to be a Tech Entrepreneur? I’m 18 years old and want to be a successful tech entrepreneur. What steps should I take? That one, specifically, popped up in my email today from Quora, the excellent questions-and-answers site that I frequent often. But that’s just today. I saw a very similar question from a... Read More »