Business Management

What? Me do a Business Plan? But I’m Not a Start-up!

by Tim Berry

Ask the owner of a small-to-medium company about a business plan. Expect the answer: "Business plan? but I'm not a start-up. Why would I want a business plan?" They don't all answer that way, but too many do, and it's... Read More »

Yanis Varoufakis TED talk

TED talk: A Growing Threat to Democracy

by Tim Berry

About a third of the way into this talk from last year’s TED global the speaker says: Have you wondered why politicians are not what they used to be? It’s not because their DNA has degenerated. It is rather because one can be in government today and not in power, because power has migrated from the... Read More »

Planning as Management

Planning as Management

by Tim Berry

Planning, done right, is management. The best reason to adopt planning in your business – and I mean any business, from the one-person solopreneur on up – is because it will help you manage your business better. Planning as management This is from my post How to Actually Use Your Business Plan to Run Your... Read More »

Planning not Accounting

Planning Principle: It’s Business Planning, Not Accounting

by Tim Berry

It’s business planning not accounting.  Your projections, although they look like accounting statements, are just projections. They are always going to be off one way or another, and their purpose isn’t guessing the future exactly right, but rather setting down expectations and connecting the links between spending and revenue. Then when you do your monthly... Read More »

Zuckerberg Advice

Video: 50 Entrepreneurs’ Advice in 18 Minutes

by Tim Berry

For a Friday video today, hard to resist. This is an edited collection of snippets of advice from 50 entrepreneurs. I’m not big on following recipes, but these are so quick and pithy they can serve well as food for thought instead. This one if from blockshelf.com. Read More »

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 »