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Blogs Contributor - Tim Berry

Posts by Tim Berry

Guest Blogger

  • Way too often, you can add up the percent of ownership in the heads of the partners and discover between them they think they own 200% of the company. That’s because one thinks the idea was worth 50% or more of the ownership, the other thinks the day-to-day work was worth 50% or more of the...
    Industry Word - August 26, 2014 - 3 comments
  • If you don’t plan your business because you don’t need a formal business plan document for a loan application or investors, you’re missing out. Planning is a tool for steering and managing your business – something that benefits all businesses, whether they need the formal...
    Industry Word - July 21, 2014 - 23 comments
  • It’s been years since I was making a real living off of business plan consulting (I migrated to business plan software instead), but I had an exchange last week that reminded me of one of the biggest problems – and most common misunderstandings – related to business plans. Not...
    Industry Word - June 25, 2014 - 16 comments
  • Good news: Here's a simple process, five easy steps, to improve your business. It's easy to do. And, if you're not doing something like this already, then this simple addition to your process offers you substantial business improvement. Step 1: Visualize your main story Take a step...
    Industry Word - May 28, 2014 - 10 comments
  • With this post I’d like to give my personal answer to the frequent question, “What do angel investors look for in a business plan?” I can’t promise that what I think applies to anybody else. But I’ve been in an angel investment group for five years now, and I’ve...
    Industry Word - April 29, 2014 - 12 comments
  • Are you aware of business plan competitions? If you’re an entrepreneur, they’re an excellent opportunity to present your business and compete for cash and in-kind prizes or, worst case, really good feedback from serious business people. If you’re lucky enough to be invited to...
    Industry Word - March 26, 2014 - 4 comments
  • There was a time, a few decades ago, when I thought sticking to the plan was a good for business. “Because that’s the plan” seemed like a good thing. But I’ve changed my mind. Having a plan is absolutely a good thing. And sticking to the planning process — which means...
    Industry Word - February 24, 2014 - 12 comments
  • I’ve been working on a new startup with some long-time friends and just discovered – again, for the umpteenth time – how the interaction between words, concepts, and numbers often demands the concrete logic of core business plan numbers. Specifically, a sales forecast and an...
    Industry Word - January 29, 2014 - 3 comments
  • I’d like to call your attention to a series of video tutorials I did not that long ago as a donation to this community. They are all here and I’d like you to be aware of them. They are organized into modules, 2-10 minutes each. You can pick and choose and jump around, or run through...
    Industry Word - December 18, 2013 - 7 comments
  • If you’re still thinking of a business plan as a formal, static document, then you’re sadly out of date and you’re missing out on real business planning, which is a management process that makes your business better. That old-fashioned business plan document was not uncommon...
    Industry Word - November 27, 2013 - 12 comments

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