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 »

7 Things Wanna-be Entrepreneurs Need to Know

by Tim Berry

What do entrepreneurs need to know as they get started? Of course there’s need to know, absolutely; and there’s ought to know.  I was asked to come up with a list, and here is my best guess. Know the difference between cash and profits. You Think in Profits, but You Live on Cash. Things like sales... Read More »

Good Data Debunking Popular Startup Myths

by Tim Berry

Contrary to popular startup myths and misunderstanding, tech founders aren’t mainly younger than 30. They are generally well educated, not dropouts. They tend to start up where they are, instead of moving to Silicon Valley or other tech hubs. Here’s a summary of data published by the Kauffman Foundation: We observed that, like immigrant tech founders, U.S.-born... Read More »

Understanding Uncertainty is Vital to an Entrepreneur

by Tim Berry

Pop quiz: what relationship factor is the single most common trait in the successful entrepreneur? My answer: understanding uncertainty. Living with uncertainty Why? First let me say that I’m not sure. Second, that I might change my mind tomorrow. (Irony intended.) Third, that I know there are seemingly endless lists of traits of the entrepreneur, and... Read More »

Do You Believe the Legendary Startup Failure Statistics. I Don’t.

by Tim Berry

This recent piece on startup failure statistics caught me eye on Twitter first, and I followed the links to discover Startups: Conventional Wisdom Says 90% Fail. Data Says Otherwise. | Fortune.com. Here’s a direct quote from author Erin Griffith: “I recently found myself carelessly repeating a statistic that I’d heard dozens of times in private conversations... Read More »

Pot of Gold

Startup Stock Options as Fool’s Gold

by Tim Berry

Terry had a good job with an established software company but left to join a startup. Why? “Because they’re giving me startup stock options.” Too bad. Two years later that job ended. That startup was going nowhere, cutting costs, and fighting extinction. Terry needed a new job. Again. What about those options? They had no value whatsoever. They... Read More »

Small Business Lessons from High Tech

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 »

Adam Osborne on Product Release Brinkmanship

by Tim Berry

Adam Osborne, author, computer entrepreneur, personal computer pioneer, used to say "adequate is good enough." Interesting to what extent, if any, that still applies to software publishing Read More »

women in business infographic

Infographic: Women in Business

by Tim Berry

Thanks to Balboa Capital for this infographic today with a summary of statistics on women-owned businesses.  This all looks like good information to me. With limits. For example, I chronically question the research on factors considered important because I think these surveys are politically motivated and set up to serve political agendas. So in this... Read More »

46 facts on entrepreneurship

Infographic: 46 Facts on Entrepreneurship

by Tim Berry

I want to share this infographic today because it has a lot of good information. I like some of the surprises in some of the numbers. The credit is down at the bottom. I don’t think every detail here is true (I don’t believe startup failure statistics demystify business failure statistics) I do think the research... Read More »