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 »

Causation-Correlation

Don’t Be Fooled By Mismanaged Data

by Tim Berry

Here’s another great example of why you don’t blindly trust research. This illustration comes from this Gizmodo post. Post author Jesus Diaz is not saying this means what it seems to say (see his conclusion below). But here you are with another example of how easy it is to get the wrong conclusions, especially when the research... Read More »

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Q&A: What Do I Include in a 1-Page Business Plan

by Tim Berry

I received this question overnight from my ask-me-a-question page: I am entering a competition that is asking for a one page business plan and I am having a hard time trying to determine what to put on it and what not to include. What information is absolutely required? To answer this well I’d need to... Read More »

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Q&A: Winning Business Plan for a Competition

by Tim Berry

How do you win a business plan competition? I’m glad you asked. I’m a frequent judge of these competitions so it’s in my interest to help you improve your chances by developing a better business plan, pitch presentation, summary, and elevator speech. Read More »

And what do we do if the Internet doesn't disappear?

Do We Want Our News Crowdsourced?

by Tim Berry

Whether we want our news crowdsourced, or not, I don’t think we have a choice. The steady onslaught of rapid information via the new technologies – digital, social media, et. al. – is happening. In the background, traditional news media get less attention (readers, viewers, web traffic) and that means less money to pay for... Read More »

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How do I make a good pitch deck for investors?

by Tim Berry

This is my answer to How do I make a good pitch deck for investors? on Quora. First you need to differentiate between the pitch deck you leave behind for its information value – which has more words – and the pitch deck you use when you are there talk, which should be much more pictures than... Read More »

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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 »