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 »
A Good Resolution: Schedule Regular Management Meetings
By Tim Berry
Each year, as you get ready to publish the next year's plan, schedule the plan review meetings. Use some regular meeting schedule such as the third or fourth Thursday of every month. All the managers committed to the plan will... Read More »
Video: Lean Business Planning
By Tim Berry
I was pleased to join Dustin Luther of D&B B2B for this Facebook Live video on lean business planning. Read More »
7 Small Businesses Lessons From Tech Startups
By Tim Berry
What can every small business learn from tech startups? David Rose, founder of Gust.com and long-time leader of the New York Tech Angels, says normal businesses are different from tech startups, and offers small business lessons he’s taken from decades dealing with what high-end tech startups do as they start. He says: One of the most... Read More »
How to Make Money on Your Brilliant Business Idea
By Tim Berry
So you have a brilliant business idea that will be very successful. My congratulations to you. Now read all ideas are brilliant and nobody is going to pay you for your ideas. Are you still sure? All right then, let’s continue. And – this is important – do not even think about getting investors yet.... Read More »
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 »
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