Nat Eliason Struggle Porn

You Have to Know When to Quit

by Tim Berry

I recommend you read Nat Eliason‘s piece No More Struggle Porn. He’s attacking one of the more pervasive startup myths around, the idea that the struggle itself, the overwhelming and overpowering struggle that pushes everything else out of your life, is a good thing. He defines struggle porn as: I call this “struggle porn”: a... Read More »

6 Common Misconceptions About Angel Investors

by Tim Berry

The question on Quora was “What do investors ‘get’ that other people don’t?” I answered that question from the point of view of angel investors, specifically … not just investors. 1. Some of the healthiest businesses are not good investments Many people think that a good business makes a good investment. The truth is not... Read More »

Measure Money

Pervasive Startup Myth: Don’t Work for Free

by Tim Berry

Startup myth: The one about founders having to work for free to impress angel investors. This supposedly shows passion. Don’t believe it. Investors want people committed to working their startups, and that usually takes getting them paid. I’ve been getting a lot of upvotes on my answer to this question in Quora: How do entrepreneurs... Read More »

My Advice to Startups Seeking Angel Investment

by Tim Berry

Over the weekend I was asked what advice I’d give to founders of a startup seeking angel investment. Here’s my list. First, make sure you really want angel investment. Read 10 good reasons not to seek investors for your startup. Take it to heart. If you don’t need investment, really, you are better off without... Read More »

10 Common Mistakes with Startup Financial Projections

by Tim Berry

I was glad to be asked about common mistakes with financial projections. I read about 100 business plans a year for angel investment and business plan competitions. Most show unrealistic profitability. More people doing business plans should realize that most startups are unprofitable at the beginning; and that high growth correlates with losses, not profits.... Read More »

Octane AI and Shopify

New Conversational Commerce App Increases Online Sales

by Tim Berry

Is “conversational commerce” the next big improvement in online shopping? I hope so. I’m closely following the success of the new Octane AI conversational commerce app. It was announced this week along with convincing data on significant sales increases it generated by actual users. It works with Shopify, the shopping cart platform used by half... Read More »

Business Success: Talent, Skill, or What?

by Tim Berry

I received this question: Is succeeding as an entrepreneur a matter of luck or do only the talented ones make it? And this is my answer: Luck isn’t enough, and talent isn’t enough either. You can have either one, or even both, and still fail. What you’re missing, with your question, is the work. Business... Read More »

Infographic: Branding for Small Business and Startups

by Tim Berry

My thanks to customlabels.net for this useful infographic on brand identity for small business. Earlier in my career I consulted for Apple Computer. I watched how zealously they guarded all the details of the big brand identity. It’s refreshing to see in this infographic some useful tips for minding branding for small business and startups. Read More »

10 business plan myths

10 Business Plan Myths That Hurt Your Business

by Tim Berry

The need for good business planning is as strong as ever, and the potential benefits are as important as ever. Every business owner ought to have a business plan. But the best strategies for business planning are different than they used to be. And these 10 pervasive business plan myths get in the way, much... Read More »

5 Secrets of Creating a Great Business Team

by Tim Berry

My favorite five secrets of a great business team? This list came to me first as an answer to the question how do you build a great business team on Quora.  These five points aren’t something from the business school curriculum. They come from the experience of actually doing it, recruiting a team and growing... Read More »