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 »
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 »
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 »
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 »
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 »
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 »
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