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 »

win the competition

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 »

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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 »