Brick Wall

Beware of the Myth of Persistence

by Tim Berry

I worry a lot about the myth of persistence. Persistence won’t necessarily make your business successful unless a lot of other things are also right. And persistence alone can turn failure into disaster. But still, people who should know better—people who succeeded—still talk about it all the time. There’s a logical trick to it. Almost everybody... Read More »

Leadership

10 Clues That You Aren’t a Leader

by Tim Berry

I really know what makes you a leader. I’ve seen dozens of quotes and hundreds of articles, and I took a course on leadership in business school. But leadership depends so much on context and style that it’s hard to make any universal statements that aren’t just empty clichés. What I do know, though, is... Read More »

Video: 5 Fundamental Principles of Business Planning

by Tim Berry

Through the decades, what I recommend for real business planning has changed a lot; but these five fundamental principles of business planning remain constant, from then straight through until today. And for lean business plans as well as formal traditional plans. Read More »

Roll the Dice

My 5 Top Tips for Business Owners

by Tim Berry

These are my top 5 favorite small business tips for business owners. Sure it starts with cash, but some other points on this list might surprise you. This is my best shot on high-level advice earned the hard way over several decades of running a business. Read More »

Business Management

10 Myths vs. Reality on Business Plans and Startup Investment

by Tim Berry

I gather from a stream of emails I’ve received that there are a lot of misconceptions on the relationship between a business plan and getting seed money and/or angel investment. So here’s a list of reality checks to apply to all those lists. Business plans are necessary but not sufficient. Even a great business plan... Read More »

valuation terms

5 Things Entrepreneurs Need to Know About Valuation

by Tim Berry

Valuation is one of those four-syllable business buzzwords you’re going to have to deal with, eventually, if you either want to start a business or own a business. If it doesn’t come up when you start, it will come up later. Here is what I think you need to know, in five short points. The... Read More »

Gilded Graduation

Reflections on MBA experience

by Tim Berry

The prestige of the MBA degree is tarnished quite a bit since I got mine in the early 1980s. And that's for pretty good reasons. With the world of startups like it is, and the progress of high tech, there are some good arguments against stopping a career for two years to go back to school. Still, my two years with the MBA were the right thing for me, for my family, and for my entrepreneurship. Everything is case by case. Read More »

Charter for Compassion

Charter for Compassion

by Tim Berry

Friday video today is a pitch for compassion worldwide. The Charter for Compassion organization is rooted in the idea that compassion is at the heart of all religion, a core concept that brings humans together. Think about it: What do all organized religions have in common? I’ve been a member since I first heard about... Read More »

Business Management

5 Management Benefits of Lean Business Planning

by Tim Berry

Don’t think of a business plan as a formal document that’s hard to do, useful only for startups, bank loan applications, and seeking investment. Think of it as lean business planning that’s just lists and tables and is vital for optimizing business management. You plan, run, review, and revise. It’s a process. A constant cycle.... Read More »

Plan Run Review Revise

How to Start a Business Plan

by Tim Berry

How do I start a business plan? It’s a common question. And you can find lots of definitive answers. People answer with outlines, prescriptions, and recipes. Unfortunately, most of these misunderstand how people are different, and the way they approach the business plan ought to reflect that difference. Let me explain with some examples of... Read More »