Are There Statistics on Inaccurate Forecasts?

by Tim Berry

How often do forecasts fail? How many business forecasts are accurate? Are there statistics on inaccurate forecasts? It’s a good question. It relates nicely to my view that all business plans are wrong, with the addendum, but vital. While I almost never host guest posts on this blog – opinions here are mine – but... Read More »

Forget Business Networking. It’s a Hoax

by Tim Berry

Forget business networking. “Networking” as a business activity is a hoax. Business relationships that you build as business assets are meaningless. As soon as you use this vocabulary, it’s self serving, superficial, and ineffective. The people being used as assets know it, and are not fooled by it. So “Business Networking” doesn’t work. Friendship vs.... Read More »

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 »