Achieve Your Business Goals With An Integrated Content Strategy

social-networks

Does your company take an integrated approach to writing and sourcing your marketing content? Or is it more a case of a frenzied rush to get something down on paper every time a deadline looms? Do PR, Marketing and Digital even consult each other before posting the blog or social media update? If the answer to these questions is ‘no’ then you should be considering joining the growing number of companies with a content strategy that integrates all the relevant players and marketing channels within an organisation. And just like they did, you’ll find that an integrated approach means you are getting more for your marketing buck. Read on to find out how an integrated content strategy will help you achieve your business goals.

Consistent message

With the multiple communication channels that are available to organisations nowadays, it’s very important to put forward a consistent message to existing and potential customers.  Whether it be via a newsletter, blog, social media post or through your website, a consistent message is vital to generating and enhancing brand awareness.  Disjointed customer experiences and messages will adversely affect customers’ perceptions of you. An integrated approach to content strategy that takes account of these multiple channels will make sure that you consistently present a similar message.

Cross-promotional content

Allied to the need for a consistent message, an integrated content strategy will ensure that all customer-facing departments stay on message.  One cross-organisational team with representation from PR, Marketing and Digital will be necessary to take charge of your content strategy. In this way, departmental silos will be broken down resulting in cross-promoting content.

Personalised content

Consumers now expect to see much more targeted and personalised marketing content. In much the same way as we have come to expect when we log on to iTunes personalised content based on our previous viewing history or buying choices, so your customers will expect you to offer the same. Answering questions such as ‘what’s in it for me?’ will be critical if you want to attract and convert prospects.

You could start by considering the buyer’s journey towards that decision to buy your product or service. And so as the buyer starts their journey, they are supported with content that raises their awareness and gives them basic information. As they move along the sales funnel towards consideration and purchase, they will need to be supported with more detailed content such as product specifications or customer testimonials.

An integrated approach that involves personnel from across the organisation will make the process of developing this targeted and personalised content much easier.

Take advantage of multiple channels

Chances are your prospects, and customers are using several social media sites and channels to source information about you. Bringing together all these customer touch points within your integrated content strategy will help you to maximise your reach and enhances the chances of your message getting through. It will create an overall positive experience for what will hopefully become a long-standing satisfied customer.

Integrating your content strategy will, therefore, help your organisation to work smarter and avoid any duplication of effort. Instead, your marketing content will be clear, consistent and relevant, helping you to attract and retain more prospects and customers. And that is good for business.

Uncertain times call for a return to the basics

IMG_0847

There’s no doubt that we are currently experiencing a great deal of economic uncertainty. The fall-out from the Brexit vote and the forthcoming US presidential elections have a ripple effect throughout the world economy and many business owners are wondering how these global events will affect their companies. Indeed, the only certainty at the moment is uncertainty. The best way through troubled times is to stay focused on the basics: core products and services and keeping operations as lean as possible. Getting these basics right will help to see you through the difficult times that are ahead.

Core business

To hold your market share in a difficult economic climate, concentrating on what you do best helps you maintain a focus on serving the customers you already have, while hopefully attracting some new ones along the way. So make sure you are clear about what your main product or service is, how it is aligned to the present market and what your unique selling point is.

In uncertain times, trying to expand your market share with new products or service lines is fraught with risk. Playing to your strengths and concentrating on core business, however, will ensure that your business is in a strong position to weather any storm.

Operate a tight ship

Keep your operations lean by cutting back on any unnecessary costs and improving efficiencies wherever possible. This requires you to have a handle on all your business expenses, both large and small. Do you have comprehensive knowledge of how you spend all your money? How thoroughly do you manage budgets within your business? Without that detailed level of understanding about your spending, you will find it difficult to identify any savings opportunities.

Furthermore, it’s worthwhile investing the time and effort in examining your operational model to determine whether there are any efficiencies to be made as well as potential savings. You could start by looking at the following areas:

  • Renegotiating vendor contracts
  • Putting out to tender any major expenses
  • Reducing overheads and re-evaluating equipment and supply needs
  • Downsizing office accommodation or renegotiating leases
  • Reassessing staff needs including any redundancies or possibilities for shared services
  • Outsourcing some functions such as payroll
  • Improving cash flow management.

The insights you will gain from this process of self-evaluation may help you to identify processes that could be automated or streamlined. It will also enable you to stay competitive by adjusting price as needed.

Economic uncertainty is not all bad as it does present opportunities for businesses to re-evaluate what’s important. Getting back to the basics of core business and cost effectiveness, with the process of self-reflection that it involves, will help to ensure that your business not only survives the hard times, but also thrives in the good times.

Managing IT for small businesses

PC

Small businesses generally don’t have dedicated IT staff. Keeping up with the latest developments in IT, let alone maintaining, troubleshooting and fixing IT systems can be a real headache for the small business owner who often doesn’t have the necessary technological savviness.  So how can small businesses manage the technology in their companies? In this article we look at some possible solutions, but first we look at why it’s important for small businesses to be on top of IT management.

The risks of poor IT management

The most obvious risk to small businesses of poor IT management is downtime and the consequent loss in productivity. Costs can very quickly add up if staff are unable to access the information they need to get the job done. And if staff are unable to process a customer order because the system is down, then you risk losing customers too.

Furthermore, neglecting to make sure that you have the latest anti-virus software could result in costly malware infections. Losing private customer data to hackers, for example, could have catastrophic consequences for a small business.

But the risks don’t just relate to the maintenance and support of IT systems. What about the strategic management of IT resources? There is also a financial risk to small businesses in relation to having out-dated IT systems which may require more ongoing maintenance, than newer, faster systems. But who can make the decision to upgrade or acquire new systems? Ensuring that you are using the newest and best technology requires knowledge and expertise and a commitment of time and resources that few small businesses can afford.

IT management solutions

Many small businesses have approached IT management in an ad hoc fashion. Often the task is assigned to an untrained tech-enthusiast staff member who looks after IT on a part-time basis. In many instances this works perfectly well. However, because the person is largely untrained there is always the risk that they may overlook a crucial task resulting in compromised security or system instability.

Another solution often deployed by small businesses is to hire, often on a retainer basis, a computer service person to handle routine maintenance and to troubleshoot any problems. The disadvantage of this solution is that unscheduled or more complex issues may attract additional charges on a time and materials basis. In addition, these computer service personnel are often themselves small operators, and so their knowledge may be limited and their ability to respond quickly may sometimes be an issue.

Engaging bigger, more professional service providers is also a possible solution; however, the costs are likely to increase making it an unaffordable option for many small businesses.

Managed service providers

There is another alternative. Managed service providers (MSPs) offer various outsourced IT services including routine maintenance and help desks. MSPs provide their services remotely over the internet through shared screens and remote monitoring and management software. Costs are fixed on a monthly basis which provides the small business with that all important cost certainty. Typically services are provided through a service level agreement model agreed in advance with the small business.

Although the MSP model has a number of advantages for small businesses, it may not be the ideal solution for those companies that want a reactive service and on-site availability.

Employing an IT staff member

Of course, it is always an option to consider having an in-house IT resource. The decision on when to employ an IT technician directly is largely influenced by the number of staff and the complexity of the company’s technology. As a small business you will need to weigh up the costs of an outsourced IT resource against the costs of recruiting an IT staff member. Typically, when staff numbers reach the 50-75 mark then it becomes cost-effective to have an in-house resource.

Whatever solution you as a small business decide to employ, the important thing is to ensure that you are on top of IT management. Having the right IT management systems in place will pay dividends on your bottom line and will help to maintain a competitive edge.

Top 5 mistakes to avoid when selling your house

Hobbit

Selling your home is a stressful and emotionally challenging time, especially if you’ve never done it before. You will have to cope with strangers coming into your home, poking around in your cupboards and if no offers are forthcoming, it can feel like a personal slight.  With no previous experience to draw on and the emotional attachment involved, it’s easy for first timers to make mistakes. In this article we look at some common pitfalls to avoid so that selling your home is as smooth and stress-free a process as possible.

  1. Emotional involvement

If you’ve lived in a house for some time, it can be very hard to see it as other than a home with all the memories and emotion that it suggests. Once you’ve made the decision to sell, try and distance yourself from the fact that it is your home. Picturing yourself as a home seller or business person will help to take some of that raw emotion out of the process. You will then have a much cooler and clearer head with which to approach the negotiations that are an inevitable part of the process.

  1. Not using an agent

Although real estate agents charge a commission, if you haven’t sold your house before, it’s well worth investing in the expertise and support of an agent. A good agent will have more experience of negotiating home sales than you will ever have. They could potentially help you get more money for your home than you could achieve on your own. In addition, an experienced professional is likely to be able to deal with the inevitable problems that crop up and will also be familiar with the paperwork and processes involved in buying a house. The real estate agent can also interact and negotiate directly with potential buyers thereby taking a great deal of pressure off you.

  1. Not preparing your home for sale

This may seem very obvious but it’s amazing how many people fall at this hurdle.  Presenting an uncluttered, clean, odourless house at open homes or viewings will not only help you get a better sale, you will also achieve a sale more quickly. In addition, make sure that you fix any minor issues, for example a broken door knob, otherwise potential buyers may think that there are other more costly issues that haven’t been addressed. If possible use your agent or a friend as a fresh pair of eyes as your familiarity with your home will make you immune to any shortcomings.

  1. Not accommodating potential buyers

If you are really serious about selling your home then you should make the effort to accommodate potential buyers if someone wants to view your home outside of the set open home times. This also means that you will need to clean and declutter your home before every viewing. It might be a hassle, but try to stay focused on the possible reward.

  1. Try not to sell in winter

If you have the choice, then it’s best to avoid putting your house on the market in the winter season. Winter is typically a slow time of year for house sales and the cold and wet weather often encourages people to simply stay at home. In addition, you may not be showcasing your home at its best. If you have a large and colourful garden, for instance, it can be difficult to appreciate it fully by looking out the window because it’s too wet to go outside. Moreover, because there are fewer buyers looking in winter, it may mean that you don’t get as much for your property as you could do at other times of the year.

Selling your home is a difficult and stressful time for every home owner. Avoiding these costly mistakes, however, will help to ensure the process is as smooth as possible. You may even get through it all with your sanity intact!

 

Small business owners: Take a fresh look at email marketing

mobile-payment-3

Email marketing is now a well-established way for businesses to promote their goods and services in the marketplace. Despite its familiarity, many small businesses are not taking full advantage of the potential that email marketing offers. In this article we look at the reasons why and we also take a fresh look at the advantages email marketing can offer the small business owner.

Why small business are not using email marketing

For some small business owners it’s a lack of knowledge. Not all business owners are technologically savvy and setting up and maintaining an email marketing campaign often ends up in the ‘too hard’ basket.

For other business owners it is a question of time. Designing and writing a marketing campaign, let alone monitoring its impact, requires a commitment and investment of time that, because of competing demands, some business owners just never get round to.

Even those small businesses that are aware of the many companies that can take control of a company’s email marketing for a fee, are often put off by the perceived costs. Keeping operating costs as lean as possible is an overriding consideration for many business owners, but often this is at the expense of the return on investment that a successful email marketing campaign can deliver a small business.

So now that we’ve looked at some of the perceived obstacles, it’s worthwhile taking a fresh look at what email marketing can offer a small business. It may be that the perceived obstacles are not as great as you first thought.

Advantages of email marketing

Reduced costs: many small businesses still rely on physical mailings to provide exposure for their product and brand. These types of mailings usually take the form of a flyer and involve a number of costs including the design and printing and distribution costs. There is also a time lag involved between creating the mailings and potential customers receiving them. Email marketing, by comparison, cuts out much of the costs that go with a physical mailing. In addition, with an email marketing campaign, information is being received by the client or potential client as it’s been created.

More impact: the email marketing campaign lends itself to testing the waters. Unlike physical campaigns, it’s easy to send out a test email campaign and assess its response rate with a minimal time and cost investment. This type of experimentation allows you to improve your targeted marketing strategy.

Personalisation: email marketing is often more successful than generic physical mailings because it can be personalised. When clients or potential clients sign up for company newsletters or more  information, they often share additional information such as their interests or business needs which enables you to send out more targeted information that is directly relevant to that client.

Easily shared: with so much information being shared on the internet and social media, one great advantage of an email campaign is that it can be easily shared with friends, family or website readers. Your potential viewing audience can be expanded enormously with just a few shares on Facebook alone.

Email marketing may not entirely replace more traditional forms of physical marketing, but if you’re looking to refresh your current practices then it’s worthwhile including an email campaign as part of your overall strategy. You’ll find that the return on investment is well worth the effort.

3 Key Attributes For Effective Negotiators

Negotiation is a fundamental part of our working lives. Whether it’s haggling with a supplier over a service level agreement, negotiating over price with a new client or discussing a contract with an employee, the process of negotiation is almost a daily task. But are you getting the best deal out of your negotiations? In this article we look at some of the attributes you need to display in your approach to negotiation so that both parties are satisfied with the outcome.

Honesty

This is perhaps the most important attribute: be honest about what you want. Honesty helps to breed trust which is an important part of the negotiation process. Being honest means that each party is clear about where exactly the other party is at. It also means that you are not wasting time pussy footing around each other.

So for example, you are negotiating with a new supplier. You are willing to pay $500 per month for their service. If they want to sell their service for $500 per month then the deal is done and you’ve saved a lot of time in going backwards and forwards. If, however, the supplier is only willing to sell their services for $700 per month and that is uneconomic for you, then you should be honest about what your bottom line is.

Being truthful from the outset makes it easier for everyone to win.

Empathy  

Sometimes it’s necessary to take a hit in the interests of the long-term relationship.  It’s tempting when negotiating to want to take the other side for all that you can. Being overly aggressive though will damage any prospect of a long-term relationship. Both sides need to feel satisfied with the outcome so try and display some empathy and understanding of the other party’s position. Sometimes a certain amount of compromise is a necessary trade-off in sustaining an important relationship.

Speed

This is an often overlooked attribute. It’s amazing how many of us get bogged down when negotiating with dotting all the i’s and crossing all the t’s in an attempt to get the ideal agreement. Speeding up the process will ensure that you close the deal before there is a chance of the arrangement breaking down on some minutia or unimportant detail. Procrastinate or demonstrate inflexibility and you risk losing the deal altogether as well as wasting a great deal of time and energy along the way. Try to keep sight of the bigger picture and close the deal as soon as is reasonable.

The most effective negotiators as those that display speed, honesty and empathy. Mutually beneficial agreements are what’s important. These will ensure that the relationships which are the foundation of your business are sustainable in the long run.

Make sure you get the best out of your vehicle

Driving a car at night - pretty, young woman driving her modern car at night in a city (shallow DOF; color toned image)

Car breakdowns and repairs can be expensive and Murphy’s Law says that they’ll usually happen at the worst possible time when it comes to your personal finances. In this article we look at the car maintenance issues that you should be keeping on top of to minimise the chances of something going wrong, or to at least flag any issues before they become expensive headaches.

Tyres

Keep your tyres regularly pumped up to keep them working at their best. You should also regularly check for excessive wear and for any lumps or tread distortion. Tyres rolling along the road generate heat, especially on hot summer days which can increase the chances of a blow out if the pressure is low. Keep an eye on your tyres to make sure you stay safe this summer.

Wheels

Remove the wheels so that the brake condition can be checked.

Cooling systems

Make sure you change the coolant water at least every two years. Drain, flush and refill with clean water and the correct coolant additive to keep the cooling system working at its best.

In addition, regularly check the cooling system for leaks and make sure the hoses are secure and in good condition. Replace any that are not hard or that are cracked and starting to bulge. Radiator cone fins should also be regularly checked.

Air and fuel filters

Fuel filters tend to be in sealed units making it tricky to check for blockages and so we recommend that you replace them regularly.

Air filters should also be checked and replaced if necessary.

Cambelts and fan belts

Cambelt and fan belt failure is very common and so they should inspected regularly. In fact, it’s recommended that most Japanese vehicles have their cambelts replaced every 100,000km or every five years and for European car models change times are between 40,000 and 60,000km.

And while you’re at it, don’t forget to check other drive belts for damage.

Spark plugs

Checking and replacing worn spark plugs will guard against an engine misfiring and the subsequent breakdown of high tension leads.

Exhaust

As well as increasing fuel consumption, exhaust leaks can create deadly carbon monoxide fumes to accumulate in the vehicle and a loss of engine power. Avoid these problems by keeping an eye on the condition of the exhaust.

Engine and transmission oil

Change the engine oil and oil filter every 12 months and check the engine and transmission for oil leakage.

It’s important to remember that this checklist is not a substitute for professional inspection and car servicing. What the checklist will do is help to ensure your car is operating at its optimum. It will also help you to quickly identify any potential problems.

Maintaining a road-worthy car will mean you stay safe and hopefully avoid expensive and unexpected repair costs.

Every business needs a good business lawyer

Business

Start-up companies, particularly small- to medium-sized businesses, often neglect to think about having a business lawyer on hand when starting out. And if they do think about it at all, it’s often dismissed in an attempt to save money. What happens though if something goes wrong and you need that legal expertise? In situations such as this, small businesses often rush into engaging a lawyer who may not be the best fit for the company or the most cost-effective solution. In this article we look at what a business lawyer can offer a business and why every business should have one.

What does a business lawyer do?

Basically, a business lawyer’s job is to know about all the legal processes and issues that go with owning and operating a business. A good business lawyer will have a wealth of knowledge and experience to advise you on any business-related legal issues and generally will be an invaluable resource when making decisions for your business.

At what stage should I engage a lawyer?

Ideally, you should identify a lawyer that you are comfortable with as early as possible into your business venture. Having a lawyer that you can trust is a great source of confidence for beginning entrepreneurs and they will also be able to give you the benefit of their wisdom and sound advice on wider issues relating to your business.

What services can I expect from a business lawyer?

As well as professional advice on all business-related legal issues, a good business lawyer will also be able to provide guidance on negotiating vendor contracts and leases, as well as recommending business structures and the writing and presentation of business plans.

Your lawyer should be available to you as much as is reasonably possible and it goes without saying that they should be prompt in their actions and keep you informed of what they are doing. If at any time you feel as though your lawyer is no longer working for you then it’s time to find a new one.

How do I select a business lawyer?

There are specialist lawyers with expertise in different industries and areas of commerce that may be relevant to your business. In addition, you may want to ask the following questions of any lawyer before making a decision to engage them. This list is not exhaustive though and no doubt you will have questions of your own that you will want to add.

  • How long have you been in business?
  • What types of companies do you represent?
  • Have you represented a company like mine before?
  • How do you charge legal fees and what expenses will I be charged for?
  • Are there any areas of law that you specialise in?
  • Do you have any experience with tax matters?

Engaging a business lawyer as early as possible in your venture will save you time and money in the long run. A good business lawyer will also offer a wealth of wider expertise and knowledge that could well make the difference between success and failure for your start-up.

Cash flow management: keep it positive

CF

Running out of cash is one of the main reasons for a business failing. Many a good business with a brilliant product or idea has collapsed because it failed to adequately manage its cash flow. Having a robust approach to cash flow management and making it an integral part of everyone’s job will go a long way to ensuring that your cash balance stays on the positive side of the ledger. In this article we share some tips on how to manage your business’s cash flow.

Be informed

In simple terms, cash flow management is the process of planning a company’s schedule for paying bills and estimating when income is likely to be received.

The most important part of good cash flow management is being informed. Do you know how much cash flow your business generates each month? Is cash flow even measured in your organisation? As a company are you billing on time and chasing up creditors? If you are unsure of the answers to these questions or can’t easily put your hands on the information then you probably need to make sure that you are better informed about your cash position.

Make overt connections

Do your employees understand the importance of cash flow? Can you explain what it means to everyone in your organisation? Whether you present it as opportunities for growth, new equipment, new staff, better research and development or simply a case of survival in a competitive world, every staff member should understand how cash flow relates to them. Employees that make the connection as to how their daily tasks contribute to generating cash flow is one of the major contributing factors to good cash flow management. To help staff make those connections try opening up a dialogue. It may help to ask questions such as:

  • What would happen if we…?
  • How could we…?
  • What if we…?

The emphasis here is on the ‘we’ with its notion of joint responsibility and collaboration.

Recognise those who succeed

When staff members have been successful in increasing cash flows within the organisation, it’s important that you recognise their efforts. This could be with an informal email or through a more formal reward process such as employee of the week. Recognition is an important motivator for all of us. Those employees that either add to cash by increasing revenues or save cash by cutting costs should be recognised throughout the organisation. This will also serve to reinforce to staff members the importance that you attach to cash flow management.

Cash flow management is not a one-off task. It’s not simply a case of preparing a cash flow plan, ticking the ‘done’ box and filing it away. Good cash flow management involves constant revision, vigilant checking and the commitment of all staff to make sure your company doesn’t run out of the readies.

Engineering and construction companies: maintain your competitive edge with digitisation

Construction

The engineering and construction industry has traditionally been very conservative when it comes to embracing new technologies. On the whole, the industry has been slow to adopt transformative technologies which has meant that over recent decades, productivity has stagnated or even declined. This situation is, however, slowly changing as more and more companies are taking advantage of digital technologies – specifically building information modelling – and are transforming how they manage and operate projects from concept through to demolition.

What is building information modelling?

Basically building information modelling (BIM) is a central platform that integrates a number of technologies including digital sensors, intelligent machines, mobile devices and software apps.

How does it work?

Probably the best way to illustrate how BIM works in practice is by way of an example. One of the best current applications of BIM is that of Crossrail – the multi-million pound new underground line being constructed across London. Crossrail’s designers and engineers are using a centralised set of linked BIM databases to integrate around 1.7 million CAD files into a single information source.

During Crossrail’s construction, drones have been surveying the site. Three-dimensional printers have prefabricated many of the building components and GPS and radio-frequency identification are being used to keep track of materials, equipment and workers which allow for the optimisation of flows and inventory levels. Much of the actual construction is being completed by robots and autonomous vehicles. Aerial mapping is being used to compare the work in progress with a virtual model thereby enabling course corrections to be undertaken quickly and minimising corrective work.

BIM is the technological platform that integrates and coordinates all these different elements.

What difference will BIM make to me?

In the design and engineering phase alone, BIM will help you to identify potential design clashes and construction issues thereby averting the need for costly corrective work.  In addition, project management will be an easier process as information will be more transparent and readily accessible. BIM will also make the task of ensuring quality control and maintaining site safety much easier.

As can be seen in the Crossrail example, BIM offers the potential for cost savings and productivity gains. It has been estimated that the streamlined and automated processes that will come with full-scale digitisation could result in savings of up to 21% in the design and construction phases and up to 17% in the operations phase.

What will happen if I don’t adopt BIM?

Despite the traditional conservatism of the engineering and construction industry, more and more companies are seeing the value of adopting BIM. This means that the gap between the digital leaders and the laggards is widening.

For those companies that want to maintain a competitive edge, it will be increasingly necessary to embrace BIM as an overarching digitisation platform.

Make sure that you upgrade your competency, change internal attitudes and processes and provide the necessary investment in BIM or you could risk losing out competitively.