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Blogs Contributor - Tim Berry

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Posts by Tim Berry

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  • Whether you're just starting out, growing your business or seeking outside help, good business planning will help you achieve that goal. And take note: this means you, business owners. The startups know why they need a plan, but we business owners often think planning is just for startups. That...
    Industry Word - November 30, 2016 - 0 comments
  • Every business owner should be aware of lean business planning. It’s a perfect compromise between the old-fashioned formal business plan that is too big and static, and the kind of small steps and analysis that is the watchword of lean manufacturing and lean startups.  It’s all...
    Managing a Business - October 25, 2016 - 2 comments
  • Sometimes you need to stick to your business plan to make it work. Even a mediocre strategy consistently executed over time is better than a series of brilliant strategies that keep going off in different directions. Strategy often takes time.On the other hand, there is no virtue in...
    Managing a Business - September 27, 2016 - 1 comments
  • Don’t underestimate the value of a sales forecast for running a business effectively. Even if you do nothing else in the way of planning, having just a sales forecast plus regular review and revision can go a long way towards better business management.Here are five tips that have helped me...
    Industry Word - August 23, 2016 - 0 comments
  • Don’t think of a business plan as a formal document that’s hard to do, useful only for startups, bank loan applications, and seeking investment. Think of it as a lean plan that’s just lists and tables and is vital for optimizing business management.1. Manage strategyStrategy is...
    Industry Word - July 26, 2016 - 0 comments
  • Whether it’s a new idea that needs money to start, or an existing business that needs money to grow, there are a lot of funding options that don’t require sharing ownership with investors.  Don’t get me wrong; I am an angel investor, a member of a group of us in Oregon....
    Industry Word - June 23, 2016 - 1 comments
  • Years ago I was a foreign correspondent in Mexico City, writing for Business Week and other business publications. One of my favorite contacts was an expert with the U.S. Embassy who updated me on Mexican oil industry news. We had lunch about once a month. He became a friend. So I was disappointed...
    Industry Word - April 27, 2016 - 0 comments
  • If there's just one formal business skill every business owner should have, it's understanding and forecasting cash flow. It's not intuitive because it's not the same as profits; but it's vital. We spend cash, not profits.Here's my recommendation for a relatively simple way...
    Industry Word - March 22, 2016 - 6 comments
  • Clearly, technology has changed marketing a lot. We fast forward through ads on television and block them on our devices. We have amplified word of mouth in social media. We pour over analytics and metrics. But what about the marketing plan? Has technology changed marketing planning?One thing for...
    Industry Word - February 23, 2016 - 5 comments
  • It's a shame that so many people think business plans are just for startups, or to back up loan applications, or for getting investors. The truth is that business planning offers serious benefits for everybody in business.And I'd like to point out that none of these benefits require a big...
    Industry Word - January 26, 2016 - 1 comments

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