Infographic: 7 “Crazy” Startup Ideas That Worked

by Tim Berry

I believe many people put way too much stock in the startup idea. Doing the business, doing the work, getting things done, and execution are all more important. Obviously a bad idea can make a business unsuccessful, but a good idea is no guarantee. And very few successful businesses are based on being the first... Read More »

Steps to Entrepreneur

What Do I Need to Do to Become an Entrepreneur

by Tim Berry

Q: What do I need to do to become an entrepreneur? Being an entrepreneur is simply somebody who has launched a business. It’s not a set of traits or qualities, a state of being, or an attribute. It’s not a degree or certificate. It’s not an expertise. It’s did you start a business, or not?... Read More »

10 Good Reasons Not to Seek Investors For Your Startup

by Tim Berry

Before you buy into the myths about startup investors, first consider whether you actually want startup investors for your new business at all. No, I’m not bitter … I had VC money in Palo Alto Software for a few years and they were helpful, collaborative, and good people. I’m not a bitter victim.  And I’ve... Read More »

Q&A: How to Be An Entrepreneur

by Tim Berry

Question: How to be an entrepreneur? My Answer: First, if you have the option and haven’t already, get a good education. Focus on whatever interests you, not necessarily business. Entrepreneurs without formal education are at a huge disadvantage. But there’s no clear difference between a good degree in business and a good degree in any... Read More »

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 »

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 »

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 »

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 »