A Two-Day Startup Fest at Rice Business Plan Competition

by Tim Berry

A portable device to quickly diagnose strokes. An additive that doubles the strength of fiberglass and carbon fibre materials. A new way to use magnesium to heal broken bones. Those are just a few of the dozens of startups I saw earlier this month at the annual Rice Business Plan Competition. This was the tenth... Read More »

unwavering startup vision

Startup Vision: Paradox of Consistency vs. Opportunity

by Tim Berry

The world is full of paradox, like this one. Here’s research on startup vision that shows “The tech landscape is lush with entrepreneurs whose success blossomed only after the founders had modified or even abandoned their original vision.” That makes sense when you see examples and details. But wait – what about the idea that the... Read More »

The More You Use Facebook, the Worse You Feel

by Tim Berry

New research shows that the more you use Facebook, the worse you feel. This worries me because the more I use Facebook, the more I connect with friends and family, the better I feel. What's wrong with me? Now I'm worried. So now they are right. Dammit. Read More »

Going Into Consulting? Prepare for Scope Creep

by Tim Berry

Are you new to consulting? Planning to start soon? Beware of scope creep. It’s a real problem in a lot of professional services. I ran into it in my years of consulting related to high-end planning and market research. Scope creep is what happens when you’ve done the consulting (or programming, design, engineering, etc.) you promised but... Read More »

InfoGraphic: People Are Happier with Experiences Instead of Things

by Tim Berry

And who would argue? Data shows money is more likely to buy happiness when you spend it on doing something, or going somewhere, instead of just owning something. This makes sense to me. What do you think? My thanks to InvestmentZen.com for this one. Read More »

How to Protect Your Business Idea While You Build The Business

by Tim Berry

You can't build a business without sharing your idea. Here's how to protect your business idea and still share it, carefully, as needed. Read More »

Angel Investment Red Flags

by Tim Berry

Last week at an angel investment meeting one of our group members asked whether anybody had a list of red flag problems that would immediately eliminate a startup from consideration by angel investors. That seemed like a good idea to me then. And over the weekend somebody asked a similar question in Quora: what are... Read More »

The Billion-Dollar Idea Fallacy

by Tim Berry

What is wrong, you ask, with thinking your business idea is worth a billion dollars? That you have the next unicorn? Nothing. We all dream. Unless you let that interfere with reality. Read More »

True Story: Missing Assets Equal to A Year’s Sales

by Tim Berry

This kind of accounting nightmare happens way too often. When expenses are not assets, accounting fiction can be a real problem Read More »

The Crystal Ball and Chain

by Tim Berry

This is an answer to a question I get way too often. I call it the "Crystal Ball and Chain" problem. I've run into it several times as I've introduced the planning process into a new company or organization. People... Read More »