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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 »

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 »

Learn Anything in 20 Hours

by Tim Berry

TED talk by Josh Kaufman, author of The First 20 Hours: Mastering the Toughest Part of Learning Anything. This seems like a great way to start a new year. He notes the 10,000-hours idea made popular by Malcolm Gladwell in his book Outliers (it takes 10,000 hours to be an expert); but point out that... Read More »

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Business Strategy Is Useless Without Execution

by Tim Berry

In the last two weeks I’ve posted a three-part series on I’ve posted a series on setting and executing business strategy on the Amex OPEN forum in the last two weeks. I’m happy to see the first of these showing up on top of the trending list there. Here’s a summary: Start with Strategy The... Read More »

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A Case Study on Startup Equity

by Tim Berry

I had an interesting exchange over the weekend. Shane Diffily tweeted: @Timberry HI Tim. So what was your answer to How Not to Divide Ownership? It’s v.similar to a situation I am in & I’d love to see your ideas. Tx! — Web Governance (@diffily) February 26, 2015 Setting the Scene Shane was referring there to... Read More »

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Where Startups Get Their Money

by Tim Berry

Where do young companies get money? I ran into this three-minute video over the weekend. It’s a great summary. If you’re not already up to speed on the range of startup options from personal savings to venture capital, just watch this: (Note: Here is the link to the original on YouTube: https://www.youtube.com/watch?v=U470xXKfDyE) My thanks to the... Read More »