Business Management

Planning Principle: Good Business Planning Empowers Accountability

by Tim Berry

It’s easier to be friends with your coworkers than to manage them well. Every small-business owner suffers the problem of management and accountability. Good business planning empowers accountability. Good business planning sets clear expectations and then follows up on results. It compares results with expectations. People on a team are held accountable only if management actually... Read More »

Planning as Dribbling

Planning Principles: Business Plan in Constant Change

by Tim Berry

One of the strongest and most pervasive myths about planning is dead wrong: planning doesn’t reduce flexibility. It builds flexibility. Lean business planning manages change. It is not threatened by change. This is the third of my five main principles of business planning. The first was do only what you’ll use. The second is that... Read More »

Plan Run Review Revise

Planning Principle: Continuous Process, Not Just a Plan

by Tim Berry

Don’t think of planning as just a plan that you do once. Planning done right is a process of continuous improvement. Keep your business plan always fresh and current. Never finish a business plan, heave a sigh of relief, and congratulate yourself that you’ll never have to do that again. Don’t use it once and throw it away.... Read More »

Ownership Networks

A Physicist’s Deep-Dive into Who Controls the World Economy

by Tim Berry

In this TED talk, physicist James B. Glattfelder looks at who controls the world economy, focusing first on ownership as a complex system. He says, in his introduction: “We spend billions of dollars trying to understand the origins of the universe while we still don’t understand the conditions for a stable society, a functioning economy, or... Read More »

MBA and tech startups

Does an MBA Help in Running a High-Tech Business?

by Tim Berry

Question (on Quora): Does an MBA help in starting up and running a technology-based business?  My Answer on MBA for High Tech I have an MBA degree and I bootstrapped a software company past $10M annual sales and was a co-founder of another software company that went public in less than four years. And the... Read More »

experts speak half truths

Truth: Politicians and Small Business

by Tim Berry

Once again we have elections and the useless self-serving rhetoric of politicians and small business. talk about Damn, elections are heating up again. All politicians claim to speak for “small business.” As if anybody could speak for small business, given that just about the only thing business owners have in common with each other is that... Read More »

peacock_bigstock_842843

Business Pitch: Don’t Confuse Optimism with Business Potential

by Tim Berry

I listen to a lot of business pitches and way too many of them try to make something out of the entrepreneur’s attitude. Commitment is great, but who isn’t committed? Passion is great but who isn’t passionate about their business. Saying that adds nothing. It’s assumed. So too, with optimism. Business pitch optimism is vastly... Read More »

This means you

Don’t Just Dream Your Startup. Do the Work.

by Tim Berry

I’ve seen this in surveys several times: Americans dream of owning their own business. We’re a culture of startups. But don’t just dream your startup. Do it. Make it happen. Just because you love it doesn’t make it easy I really like this from Pam Slim, author of Body of Work, in Who says following your... Read More »

2-paradoxical-TED-talks-2016

Two Paradoxical TED Talks Every Business Owner Should Watch

by Tim Berry

My thanks to Hubspot and post author Mike Whitney for today’s two Friday videos. Whitney included these two in his selection of 4 TED Talks Every Marketer Should Watch, from last year. I want to focus today on these two as not just for marketers, but also essential TED talks for business owners. They go... Read More »

Clutter

Business for Life not Life for Business

by Tim Berry

We talk about work-life balance, in general terms, but here’s one simple thought that should always be there in the background: Your business exists to make your life better. Not vice-versa. Don’t sacrifice your life to make your business better. I got a lot of play on Twitter recently with this simple idea. And this post... Read More »