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 »

What About Business Schools and Creativity?

by Tim Berry

The best class I took at the Stanford Business School during my MBA years (1979-81) was taught by Professor James March, co-author of the book An Introduction to Models in the Social Science. It was about the same subject. He... Read More »

Do We All Undervalue Bootstrapping?

by Tim Berry

In business schools, in popular blogs, in business publications, and in general discussion of starting a business, we undervalue bootstrapping. We teach starting a business as if every new business requires sophisticated venture capital. I understand how this can be... Read More »

Top 10 Tips for Business Planning

by Tim Berry

I was asked once again for my 10 top tips on business planning. I can’t do that without noting the different uses of business plans in different situations. I ended up with more than 10 tips, but they are more specific to context. 5 Major tips for all business planning Form follows function. Like anything... Read More »