Tim Berry (entrepreneur) explained

Tim Berry
Birth Name:Timothy J. Berry
Birth Place:Eugene, Oregon, United States
Alma Mater:Stanford University (M.B.A.), 1981
University of Oregon (M.A.in Journalism), 1974
University of Notre Dame(B.A.in Literature), 1970
Occupation:Entrepreneur, author

Tim Berry (born 1948) is an American entrepreneur and published business author. He is the founder and chairman of Palo Alto Software and bplans.com.

History

Berry was born and raised in the U.S., but moved with his wife to Mexico City in 1971 where he worked as a wire service journalist for United Press International and then wrote for McGraw-Hill and Businessweek for five years.[1] In 1976, betting on the devaluation of the peso, he and his wife put up $1000 and borrowed $4000 for a quarter-acre lot. After the peso lost its value in 1979, they sold the lot for $22,000 and used that money to help with as tuition at Stanford's business school. While at Stanford, Berry worked as a market research consultant for Creative Strategies International and began creating his own business planning software. He earned his MBA in 1981.

After graduating, Berry founded his own consulting practice in 1983. His clients included Apple Computer, Hewlett-Packard, Ashton-Tate, Lotus Development Corporation, and others. That same year, he met Phillippe Kahn and helped draft a business plan that led to the launch of Borland International.[2] In 1983, Berry founded his company, then called "Infoplan"; the name was changed to Palo Alto Software in 1988.[3] The company started out selling business plan templates, supplemented by Berry's consulting, mostly focused on doing business in Latin America. The company moved to Eugene, Oregon in 1992[4] and almost was bankrupt by 1994; Berry had three mortgages and $65,000 in credit card debt.[5] [6] In 1994, the company released the first version of its Business Plan Pro software, was created by programmers working for equity.[5] The software-assisted users in creating business plans instead of simply providing templates, and was sold through retails stores; it became a successful product, with $2M in sales in the first year.[5] [7] In 1995, Berry launched BPlans.com as resource for small businesses.[6] In 2000 the company had $5M in revenue and 35 employees, but with the crash of the dot-com bubble revenue fell and the company had to lay off five employees.[6] [8]

Sales recovered, and in 2010 the company had $10M in annual revenue.[9] In that year, Berry's daughter, Sabrina Parsons, took over as CEO,[10] and Berry began devoting this time to blogging, teaching, and writing.[8]

Education and teaching

Berry received an MBA from Stanford University. He earned an MA from the University of Oregon, and a BA from the University of Notre Dame.[11]

Berry served as an adjunct professor of entrepreneurship at the University of Oregon.[12]

Writings and publications

Berry contributes content to various business-oriented websites, as well as his own blog[13] and has become well known as an entrepreneur on Twitter.[14] [15] [16]

He is the author of the following books:

Family and personal

Berry has been married to his wife since 1970. He has five children.

External links

Notes and References

  1. Web site: Palo Alto Software Founder. Brett Nelson. September 26, 2005. Forbes. December 11, 2012.
  2. Web site: Business Plans Gone Wild. Tom Taulli. March 15, 2006. Forbes. December 11, 2012 .
  3. Web site: Company Overview of Palo Alto Software, Inc. . Investing Business Week . July 25, 2015 . Bloomberg .
  4. Sramana Mitra for the One Million by One Million Blog July 25, 2012 A $14M Bootstrapped Family Business in Eugene, Oregon: Palo Alto Software Founder Tim Berry and CEO Sabrina Parsons (Part 1)
  5. Sramana Mitra for the One Million by One Million Blog July 25, 2012 A $14M Bootstrapped Family Business in Eugene, Oregon: Palo Alto Software Founder Tim Berry and CEO Sabrina Parsons (Part 2)
  6. Sramana Mitra for the One Million by One Million Blog July 25, 2012 A $14M Bootstrapped Family Business in Eugene, Oregon: Palo Alto Software Founder Tim Berry and CEO Sabrina Parsons (Part 3)
  7. Web site: Ask An Entrepreneur. March 20, 2012. Sprouter. December 11, 2012 .
  8. Sramana Mitra for the One Million by One Million Blog July 25, 2012 A $14M Bootstrapped Family Business in Eugene, Oregon: Palo Alto Software Founder Tim Berry and CEO Sabrina Parsons (Part 4)
  9. Sramana Mitra for the One Million by One Million Blog July 25, 2012 A $14M Bootstrapped Family Business in Eugene, Oregon: Palo Alto Software Founder Tim Berry and CEO Sabrina Parsons (Part 7)
  10. Interview, The BusinessMakers Radio Show. May 19, 2012 Episode 3620. Transcript: Sabrina Parsons – Palo Alto Software
  11. Bloomberg Profile: Management of Palo Alto Software Page accessed July 26, 2015
  12. Sramana Mitra for Forbes. February 26, 2010. Why B-Schools Set Up Entrepreneurs To Fail
  13. http://blog.timberry.com/ Tim Berry blog postings
  14. Web site: 20 People Every Entrepreneur Should Follow On Twitter: Tim Berry. Business Insider .
  15. Web site: Twitter for Entrepreneurs: 20 to Follow: Tim Berry. https://web.archive.org/web/20090826122047/http://images.businessweek.com/ss/09/08/0821_twitter_for_entrepreneurs/2.htm . dead . August 26, 2009 . Bloomberg Businessweek .
  16. Web site: 11 Companies to Follow on Twitter: Palo Alto Software. The New York Times. May 26, 2010. May 26, 2010 .

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