Not all businesses are good candidates for angel investment. If you're wondering how to get angel investment, ask yourself these 5 questions first.

Tim Berry

Founder and Chairman

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 Lean 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.

Recent Articles Published by Tim Berry

funding

Ask Yourself These 5 Things Before You Seek Angel Investment

Not all businesses are good candidates for angel investment. If you're wondering how to get angel investment, ask yourself these 5 questions first. Read more »

funding

10 Tips for Finding Outside Investors for Your Business

Do you know how to get outside funding? Here are 10 tips to maximize your chances of success and figure out what kind of funding is best for your business. Read more »

funding

Why Bootstrapping Might Be the Best Way to Fund Your Startup

Most startup funding resources focus on getting investment or loans—but the reality is that the majority of startups are bootstrapped. Here's what bootstrapping looks like, why it's a good thing for startups, and where the money actually comes from. Read more »

planning

Is Cash or Accrual Accounting Best for Small Businesses?

Would you rather keep track with records in your books, or just in your head? That, in a nutshell, is the difference between cash-basis and accrual accounting. Here's an overview of cash accounting and accrual accounting, to help you decide which is best for your business. Read more »

planning

Why SWOT Analysis Belongs in Your Business Plan

Why add SWOT analysis into your business plan and the strategic planning process? The SWOT phase was vital to the planning process for Palo Alto Software, and helped the company grow from zero to over $5 million in annual sales. Here's how SWOT analysis helped PAS scale, and how to add SWOT analysis to your planning process. Read more »

planning

How to Build a Restaurant Sales Forecast

There is no single right way to do a restaurant sales forecast. The best sales forecast method will vary according to how you manage information, how much past data you have access to, and what special factors drive your business. We'll walk you through an example restaurant sales forecast to help you build your own. Read more »

funding

5 Things Startups Can Learn From Angel Investors

Angel investors can teach you a lot about what it takes to start a successful business. Whether you're seeking angel investment or just looking to grow a better, stronger business, they're people worth listening to—and here's their best advice for startups. Read more »

funding

10 Things I Hated About Your Business Pitch

Business planning expert Tim Berry has over 20 years of hearing business pitches as a judge of business plan competitions and as an angel investor. Here are the things he hates to see in a business pitch, so you can avoid making these key mistakes. Read more »

starting

Industry Analysis: Know Your Industry Before You Start Your Business

You need to know the industry you're starting a business in and the kind of business you want to start before you begin. Plus, if you're writing a business plan to present to outsiders, you'll need to explain the type of business you're in. Here's how to get to know your industry by conducting industry analysis. Read more »

planning

How to Create an Expense Budget

Being right on budget is usually a good thing, but good management involves regularly reviewing your budget to check on the timing, efficiency, and results of what your business spends. Read more »

starting

How to Define Your Target Market

One of the most powerful tools of small business marketing strategy is defining and addressing your target market—the audience that you think is most likely to buy your product or service. Here's how to define your target market for your business. Read more »

funding

How to Get Funding for a Business

Are you considering becoming an entrepreneur and starting your own company? If so, you might be wondering how to get funding for a business in the first place. Here's a breakdown of your different funding options. Read more »

planning

Start With an Initial Assessment

Start the business planning process with a quick initial assessment. Even for an ongoing business, take the time to step away from the business and assess your business opportunity. Read more »

planning

Should You Stick to the Business Plan or Change It?

One of the hardest parts of business planning is answering this question: Do we stick to the business plan, or do we change it? Here's how to decide if you should stay the course, or revise your business plan. Read more »

starting

Estimating Realistic Startup Costs

What will it cost to start that business? Although of course you can’t be sure, you can still estimate realistic startup costs. You can do this either by using a startup worksheet that stands alone, or by including all pre-launch spending and pre-launch financing in your initial projections. Read more »

planning

The Difference Between Cash and Profits

Never forget: Profits are not the same as cash, and understanding the difference between the two is an important part of running a successful business. Brush up on the crucial difference between cash and profits with this guide. Read more »

planning

The Different Types of Business Plans

Business plans go by many names: Strategic plans, operational plans, internal plans, and many others. Here's a rundown of the different types of business plans, so you can decide which one is right for you. Read more »

planning

How to Forecast Sales

Sales forecasting is much easier than you think, and much more useful than you imagine. It’s not about guessing the future correctly. We’re human; we don’t do that well. Instead, it’s about assumptions, expectations, drivers, tracking, and management. Here's how to forecast sales for your business. Read more »

planning

How to Forecast Cash Flow

A profitable business will still fail if you can't pay the bills—so a good cash flow analysis might be the most important piece of a business plan. Here's how to forecast cash flow. Read more »

planning

A Simpler Plan for Startups

What kind of business plan do you need? It depends on the size of your business, and what you're using the business plan for. Here's how to determine what kind of business plan is right for your startup. Read more »

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Not all businesses are good candidates for angel investment. If you're wondering how to get angel investment, ask yourself these 5 questions first.