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Nobody is Going to Pay You For Your Ideas

by Tim Berry

Yesterday somebody posted an interesting comment on the bottom of my post ‘How to Sell an Idea to a Big Company.’ Sadly, that post explains to people why they can’t sell their ideas to big companies. Most of the 70-some comments there are from people who ignore what the post says and share how great... Read More »

experts speak half truths

When So-called Experts Say Don’t Do a Business Plan…

by Tim Berry

… don’t be confused. What they really mean is …  Don’t do a long static formal business plan. Do a lean, just-big-enough business plan. Deal with it as a constantly-renewing latest version, with a shelf life of a few weeks at most. Don’t fill it with excess supporting information. They won’t even look at a... Read More »

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Spot Quiz: What Percent of Small Business Owners Manage Cash Flow

by Tim Berry

I’m fascinated by the numbers Denise O’Berry turns up in her post Use Metrics To Manage Cash Flow – Small Business Expert Denise O’Berry. She quotes results of a survey sponsored by the American Institute of CPAs, which surveyed 500 owners of businesses averaging less than 10 employees and less than $2 million in revenues. According... Read More »

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Truth is a Believable Story

by Tim Berry

I grew up believing that facts, like research, numbers and percentages, told the truth. I believed in objective, verifiable truth, based on fact. I distinguished that from mystical religious truth, based on faith. I was a mainstream journalist for almost 10 years in the 1970s. Every professional journalist believed in objective verifiable truth based on... Read More »

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Interesting Chart on Age as People Marry

by Tim Berry

Every so often I stumble on interesting statistics and good simple business graphics that show them. That applies to this line chart of Median age at first marriage by sex: 1890-2010 published by Imgur at imgur.com, and developed by the U.S. Census: I’m intrigued with the way the marriage age dropped suddenly after the second... Read More »

World Economies

World Economies at a Glance: Infographic

by Tim Berry

This is something like an economic world map, nicely done, by International Business Guide. Reproduced here with permission. Source: International Business Degree Guide Read More »

data-vs-intuition

Bad Advice on Data Decisions

by Tim Berry

Oh dear, there it is again: somebody else pushing data over common sense. Paul B. Brown, on Forbes.com, writes: data from your customers is always better than your best intuition. Wait, what? Did he really say that? Not that Steve Jobs was right on everything, but I can’t resist my favorite Jobs quote here: It’s... Read More »

How to project expenses

Some Recent Blog Posts Elsewhere

by Tim Berry

Because you might be interested in these … I posted How to project expenses for a new business overnight on the SBA (small business administration) Industry Word blog. It’s a step-by-step how-to piece on exactly what it says in the title. Yesterday and today I posted two different posts on James Altucher’s Ultimate Cheat Sheet on Starting a... Read More »

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The Power of One Simple Question

by Tim Berry

I like this. If you want real customer feedback, keep it simple. My friend Stephen Lahey, of Small Business Talent, understand email, and who he’s talking to, when he asks his small business owner clients one simple question: “When you think of me and our working relationship, what are the five adjectives that first come... Read More »

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Why Management is Like Dribbling a Ball

by Tim Berry

This is interesting: Stanford Business School professor Charles O’Reilly on Why Some Companies Seem to Last Forever: What explains this longevity? Stanford Graduate School of Business Professor Charles O’Reilly calls it ‘organizational ambidexterity': the ability of a company to manage its current business while simultaneously preparing for changing conditions. ‘You often see successful organizations failing, and it’s... Read More »