Tim Berry is the founder of Palo Alto Software , a co-founder of Borland International, and a recognized expert in business planning. Tim is the originator of plan-as-you-go business planning. He has an MBA from Stanford and degrees with honors from the University of Oregon and the University of Notre Dame. Today, Tim dedicates most of his time to blogging, teaching and evangelizing for business planning. His full biography is available on his blog. You can follow Tim on Google+.
The mythology of failure rates is greatly exaggerated, I think. Not that you’re not going to do it anyhow, just like I did, but, for the record, you know they say seven out of ten startups fail within three years, and that comes from research that was done. But more and more there is an... Read more »
Here’s some great insight on the evolution of business plans and business planning, from Joi Ito, Director of MIT’s MediaLabs: Ito urges us to follow a compass rather than a map. Instead of planning out every exact points before you start, allow yourself to make the decisions you need as you go in the general... Read more »
(Note from Tim: I post here every Wednesday and I’ve posted more than a thousand posts since I started this blog on Entrepreneur.com in 2007. Today I’m proud to offer this space to Melinda Emerson, “The Small Biz Lady,” who is the author of this guest post.) It doesn’t matter if you’re an experienced business... Read more »
I was delighted to catch Sometimes You Have to Scramble in my blog feed yesterday. That post on smallbizclub.com was written by pro football hall-of-gamer Fran Tarkenton, who was famous for scrambling as quarterback of the Minnesota Vikings and New York Giants, back in the 1970s. Who better to point out two essential truths about real-world... Read more »
Property that a business owns, including cash and receivables, inventory, etc. Assets are any possessions that have value in an exchange. The more formal definition is the entire property of a person, association, corporation, or estate applicable or subject to the payment of debts. What most people understand as business assets are cash and investments,... Read more »