Take Real Steps to Fight Sexism in Tech

by Tim Berry

Harassment in the workplace. Sexism. Genderism. Bigotry and prejudice. Brogramming. Not just everywhere, but also in high tech, which – you’d think – should have been advanced past that backwardness. Silicon Valley too. Blue city, blue industry, in a blue state. If you’ve been off the grid for a while, read this from the New... Read More »

What Do Business Plan Financials Look Like

by Tim Berry

People often ask: What do business plan financials look like? You can get away with a sales forecast, spending budget, and cash flow plan. That’s enough for actually running your startup. It’s the essential numbers in a lean business plan. If you want to do it right you take it further and present projected (also called... Read More »

Are There Statistics on Inaccurate Forecasts?

by Tim Berry

How often do forecasts fail? How many business forecasts are accurate? Are there statistics on inaccurate forecasts? It’s a good question. It relates nicely to my view that all business plans are wrong, with the addendum, but vital. While I almost never host guest posts on this blog – opinions here are mine – but... Read More »

A Two-Day Startup Fest at Rice Business Plan Competition

by Tim Berry

A portable device to quickly diagnose strokes. An additive that doubles the strength of fiberglass and carbon fibre materials. A new way to use magnesium to heal broken bones. Those are just a few of the dozens of startups I saw earlier this month at the annual Rice Business Plan Competition. This was the tenth... Read More »

How to Protect Your Business Idea While You Build The Business

by Tim Berry

You can't build a business without sharing your idea. Here's how to protect your business idea and still share it, carefully, as needed. Read More »

The Billion-Dollar Idea Fallacy

by Tim Berry

What is wrong, you ask, with thinking your business idea is worth a billion dollars? That you have the next unicorn? Nothing. We all dream. Unless you let that interfere with reality. Read More »

The Crystal Ball and Chain

by Tim Berry

This is an answer to a question I get way too often. I call it the "Crystal Ball and Chain" problem. I've run into it several times as I've introduced the planning process into a new company or organization. People... Read More »

Do We All Undervalue Bootstrapping?

by Tim Berry

In business schools, in popular blogs, in business publications, and in general discussion of starting a business, we undervalue bootstrapping. We teach starting a business as if every new business requires sophisticated venture capital. I understand how this can be... Read More »