Showing posts with label business challenges. Show all posts
Showing posts with label business challenges. Show all posts

Sunday, 6 April 2014

BLOGGING MAXIMIZED: Ten ways to beef up your business blog




Sketch netbook computer screen concept with idea light bulb (leszekglasner/Getty Images/iStockphoto)
THE TOP TENS

Ten ways to beef up your business blog

These tips work.  Careful "tag" selection is also critical to build traffic.  Solicit comments and discussions.  Share your blog with followers, publish on your Linkedin site, don't be afraid to publish "pioneer" thoughts on your area of "expertise".  It is truly rewarding to give back!

Blogging an essential way for businesses to engage with past, current and potential customers. It’s a way to share ideas, impart information, solicit feedback and connect with entire communities of stakeholders. So what could go possibly wrong? Well, lots if you do it poorly.
Here are ten things to keep in mind when blogging for your business:
1. Don't overlook the importance of blogging in core marketing initiatives. Many companies view blogging as an afterthought; something to do once all of the ‘real’ work has been done. This is a mistake. In order for your blog to be effective, it needs to be treated as an important aspect of your business.
There are many ways to limit the amount of time that blogging takes. Make it a company mandate that employees write a post every month, for example, which allows you to leverage internal knowledge to create fresh content, while not taking up too much employee time. Another good idea is to have blogging meetings, where you have a number of employees write as much as they can within an hour in the same room.
2. Using the same format time and again? Don’t be afraid to switch it up. People absorb information in different ways, and using a variety of methods will allow you to appeal to varied tastes.
One common blogging myth is that a post needs to be a certain length. This simply isn’t true. If you have something to write about, write about it. Don’t let a word count limit you. And don’t think you need to stick to a particular template; experiment with different ways of presenting information -- such as incorporating an infographic, audio or video for example.
3. Keep your tone and brand voice consistent. Even though you may have multiple writers contributing to your company’s blog, you should ensure that the blog’s overall tone consistently reflects your brand. Ask yourself: Is your brand informal, fun, or edgy? Or is your brand personality more formal and to the point?
Different writers are bound to have different writing styles, but ultimately the blog exists to reflect your brand. Create a tone/best practices guide for your blog to help guide each writer. This will help ensure the voice of your brand is presented consistently throughout every post.
4. Be discriminate about guest bloggers. Guest blogging can help build brand credibility, community, and your customer base. It can also help you build relationships with people outside of your core business and get your content in front of new audiences. That said, it's important to be strategic about which guest bloggers you get. There has been a rise in people offering guest blogging in order to build links cheaply, and this can be harmful to your blog. Make sure you seek out guest bloggers who are well-respected and authoritative, produce high quality content and add value.
5. Include calls to action (CTAs). They're important because they can help direct readers to other relevant information, encourage your audience to move further along the sales process, and ultimately increase conversion rates. Be sure to include relevant CTAs in every post so it’s easy for your audience to move from one piece of content to the next relevant piece. At the very least, each blog post you publish should have a CTA relevant to the post included at the bottom, but including one above-the-fold isn’t a bad idea either – this gives readers with a shorter attention span an option for exploring what your company has to offer without having to continue reading.
6. Promote other blogs. It’s not a bad idea to give other blogs a nod when they produce high-quality, useful content. In fact, it can help you build new relationships that could be mutually beneficial for both you and the blog you choose to promote. If you see a great post that you think will be relevant to your audience, don’t be afraid to tweet or post it on your Facebook. Your interest in that bloggers’ content may well be reciprocated by way of future acknowledgement and that helps your brand reach a completely new audience through an endorsement from a trusted source.
7. Open up. This doesn’t mean you should start blogging about cars if you sell clothing. It means that you can often find topics that are timely and interesting to your readers that are not directly related to your core business functions. For example, HubSpot, a company that offers inbound marketing software, recently did a post on the rise of feminist stock photography. It has nothing to do with marketing automation, but it does resonate with their marketer-based audience. Great bloggers find this variety by looking for content sources outside of industry publications, as long as they are high-quality, innovative and interesting.
8. Add value to the news of the day. It’s important to know what others are saying about the news of the day or a particular subject. It’s equally important to add to the conversation, not just regurgitate what everyone else is saying. Your blog can be meant to act as a voice of authority on a subject, but if you’re not contributing anything valuable or unique, you will not be able to establish authority among the search engines. By providing deeper insight, other blogs, websites or social media channels may link back to you and cement your credibility on the subject.
9. Engage. Putting your thoughts out publically means anyone can read them, praise them, criticize them or do nothing at all. Your blog should welcome that and allow a platform for engagement. By encouraging potential discussion and giving readers an opportunity to provide feedback – whether it’s positive or negative - you show an interest in connecting, hearing ideas, and understanding where there may be considerations or needed improvements. While allowing comments will open you up to unwanted criticism, not allowing them could demonstrate that you have something to hide or are not interested in anyone else’s opinions. And often times, in the digital world, restricting access and staying quiet, becomes a rallying point for everyone else.
10. Check spelling and grammar. This may be common sense, but many people still don’t use spellcheck and they don’t edit their posts closely. By posting a blog with spelling and grammatical errors you defeat its purpose almost immediately. Your audience will quickly tune out and you will lose any credibility and authority you have built up. Use spellcheck, have someone else with fresh eyes read it over and make sure it’s clean before posting. Structure, formatting, flow and quality of writing all factor in.
With each blog post, ask yourself this question: if this post was the only thing influencing a potential buyer’s decision to choose my company, would I want them to read it? If the answer is no, then you need to make improvements.
Jeff Quipp is the founder and CEO of Search Engine People Inc. (SEP), Canada's largest digital marketing firm, which has been on the PROFIT 500 ranking of Canada's Fastest Growing Companies for the past five consecutive years.

Thursday, 3 April 2014

IMPROVING BUSINESS PERFORMANCE PART 5: Beware these 6 Big Data mistakes

Beware these 6 Big Data mistakes


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More from Mitchell Osak
When it comes to Big Data, "Managers should be mindful of hamstringing themselves by not following a common-sense and continuous-learning approach to project design and implementation," writes Mitchell Osak.
Getty CreativeWhen it comes to Big Data, "Managers should be mindful of hamstringing themselves by not following a common-sense and continuous-learning approach to project design and implementation," writes Mitchell Osak.
Big Data is all the rage across many enterprises.   The potential payoffs are compelling.  For example, research out of MIT found that firms leveraging Big Data  achieve, on average, 5-6% greater productivity and profitability than their peers.  McKinsey calls Big Data a game changer for sales and marketing along with other areas of the business. But like anything else, getting the most out of data means knowing what not to do. Companies looking to extract value from their terabytes of data should make sure they avoid the following 6 mistakes.
Boiling the ocean
Big Data can be big work. It is easy to burn through a lot of time and cost finding insights that don’t materially address major business challenges like getting closer to customers or improving operational performance. One way to ensure value is to ask research questions whose answers will directly impact key corporate goals. This focused method also enables your company to ‘learn as they go’ and develop quick wins that justify further effort and investment.
Only considering data in silos
In many organizations, the majority of data resides in functional areas or business units — not in an enterprise-data warehouse. Only analyzing siloed data reduces your chances of finding key insight that can affect a company because you are limiting the number of variables and quantity of data under consideration.  However, bridging these silos is easier said than done; organizational and data issues may hinder an enterprise-wide data mining effort. In other cases, managers often limit their analysis to existing digital data. This approach could miss out on insights that are discovered when analog data (such as social feedback and qualitative research) is ‘datafied.’
Ignoring bias
There are good reasons why Big Data resembles science. The analytics can be challenging and methodological errors are not uncommon. “There is significant risk of the analytics being wrong,” says Neil Seeman, founder & CEO of global online data collection firm, The RIWI Corporation. “Systematic bias can easily slip into enormous data sets. Or, not understanding unknown bias in the data set results in false conclusions. Case in point was the early analysis of large HIV data sets; this did not consider the influence of intravenous drug use.”
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Focusing on cause instead of correlation
Understanding precise cause and effect is difficult and impractical. What’s more actionable is uncovering correlations — patterns and associations that help predict what will happen next time. Managers should be mindful of looking for and expecting data perfection. For example, the shelf life of market-based insights could be measured in days or even hours. Often it is better to quickly make decisions with 80% confidence in the data than to wait for perfection farther out in the future.
Disregarding qualitative knowledge
Data analytics can deliver many insights but it often cannot tell the entire story. Take the drivers of consumer behaviour as an example. It is difficult to comprehend what drives action without looking at qualitative research tools like behavioural psychology or anthropology as well as expert opinion. These tools should be used to fill in knowledge gaps.
Forgetting about instinct and creativity
At a certain point in the future, the leaders in each sector will have comparable Big Data capabilities and access to the same data. To wit, the Open Data movement is making terabytes of the same data available to everyone. Like other innovations, the greatest returns will flow to those who use the tools and methodologies in the most creative way. As well, management instinct will continue to play a key role in setting Big Data priorities and figuring out how to combine disparate information into more powerful conclusions.
A dangerous assumption made by some companies is to think your entire team should be made up only of credentialed “data science” experts. According to Seeman, “Experience in this fledgling field of data science often eclipses the value of fancy degrees from prestigious universities. What are needed are curiosity seekers with demonstrable experience in pattern recognition and exploiting data for real value. In my case, everything I learned about Big Data came through experimentation, failure, and asking really dumb questions — through efforts to solve the problem of how to collect a unique data stream from every country and territory in the world.”
Big Data is still in its infancy. The first cases studies are still being written. Of course, success will be a product of a strong top-down mandate, having sufficient resources and working with competent partners. At the same time, managers should be mindful of hamstringing themselves by not following a common-sense and continuous-learning approach to project design and implementation.
Mitchell Osak is managing director of Quanta Consulting Inc.  Quanta has delivered a variety of strategy and organizational transformation consulting and educational solutions to global Fortune 1,000 organizations.  Mitchell can be reached at mosak@quantaconsulting.com

Tuesday, 29 October 2013

BUSINESS SUCCESS: Gourmet burger chain relishes a global roll-out, starting in Canada

Gourmet burger chain relishes a global roll-out, starting in Canada


 |  | Last Updated: 28/10/13 8:17 AM ET
More from Quentin Case
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Rivers Corbett co-founded Relish Gourmet Burgers, three years ago in Fredericton, N.B. and the chain now boasts locations in Saint John and Moncton, N.B., St. John’s, N.L., and Halifax.
Andrew Meade for National PostRivers Corbett co-founded Relish Gourmet Burgers, three years ago in Fredericton, N.B. and the chain now boasts locations in Saint John and Moncton, N.B., St. John’s, N.L., and Halifax.

    Rivers Corbett hates to cook, yet he’s fully immersed in the restaurant industry and is working to push his regional restaurant chain across Canada and around the world. He co-founded Relish Gourmet Burgers, three years ago in Fredericton, N.B. and the chain now boasts locations in Saint John and Moncton, N.B., St. John’s, N.L., and Halifax. A second Fredericton location is slated to open in late November. Mr. Corbett, the University of New Brunswick’s entrepreneur-in-residence, says he is in talks with a Dubai-based investment group about a funding plan that would fuel a major Relish expansion. If completed, the deal would lead to the construction of 54 Relish locations across Canada in just two years. A similar expansion is being discussed for the Middle East and the United Kingdom. Construction could start this spring. Mr. Corbett would like to see up to 400 Relish restaurants within five years — a combination of corporately owned and franchised locations. He recently discussed his lofty expansion goals — and the accompanying challenges — with Quentin Casey. The following is an edited transcript of their conversation.
Q Are you confident this deal will be completed?
A It ain’t done until the money is in the bank. But I can tell you the dialogue gets more encouraging. They’re extremely interested in making a deal happen, it’s just a matter of the finer details. It’s not a done deal. But the dance is definitively turning into a waltz.
Q Why did you go into the burger business?
A That’s a really good question because I swore I’d never be in the restaurant business. My business partner, Chef Ray Henry, exposed me to the gourmet burger opportunity. We made a business plan and like most stupid entrepreneurs, we said, ‘Let’s just give it a try. Let’s spend $75,000 and see what happens.’ The community embraced the first one. It was an instant love affair. I said, ‘OK, this works. Let’s go do another one.’ That started us on the journey.
Q The gourmet burger industry is growing. Smashburger, in the U.S., has more than 220 restaurants around the world, and expects to open 50 locations in 2013. They recently reported three-year sales growth of 254%. What explains the popularity of the gourmet burger market?
A The first thing is our aging population. There’s a heightened interest in quality food versus quantity. As the population gets older, people are much more selective about the type of food they’re eating and how it’s prepared. Plus, the burger has passed the test of time. From the time of Ray Kroc [the builder of the McDonald’s empire], the burger has been through recessions, wars and so on. The popularity of the burger remains consistent.
Rodney Mann
Rodney MannRelish Gourmet Burgers' California Dreaming burger.

Q What do you put on your burger?
A I’m a Big Texas guy. That’s the one I like. It has barbeque sauce, crispy onion frites, pepper jack cheese and bacon.
Q What’s your biggest challenge?
A Finding the right people to run the franchise locations. You need people to embrace the culture and vision of the business. They also need to realize that they’re buying into a system and that they really shouldn’t mess around with it. Franchises are about following a system. We want people to say, ‘Show me the way and I’ll follow it.’
Q The location in Miramichi, N.B., flopped. What did you learn from that experience?
A The community has to embrace the gourmet food mindset and a premium price. It has to be more than a meat-and-potatoes type of community. Miramichi wasn’t ready for a gourmet burger experience. And we ran after the money, versus running after the right team.
Q So you chased the franchise money too eagerly?
A We were in growth mode. We were in a mode of excitement and enthusiasm. We had four locations in two years and everyone was telling us, ‘You’re growing so fast. It’s fantastic.’ We were king of the hill. So we said, ‘Let’s go in and do the Miramichi.’ We got excited by the momentum. You get caught up in the moment and you forget about the true fundamentals of what’s needed to make the business work long-term.
Q You have five locations now and you’re talking about hundreds more. Isn’t it a bit crazy?
A Yeah, it’s nuts. It’s absolutely wild. But that doesn’t mean it’s not plausible. I’m 50 years old now. I want to go on an adventure. I want to have some fun. It’s crazy, but I’ve done a lot of crazy things.
Check out my latest e-book entitled: "Social Media Marketing in Agri-Foods: Endless Profit and Painless Gain"




The book is available on Amazon and Kindle for $4.99 USD. Visit amazon/Kindle to order now:
http://www.amazon.ca/Social-Media-Marketing-Agri-Foods-ebook/dp/B00C42OB3E/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1364756966&sr=1-1

Thanks for taking the time

BUSINESS SUCCESS: Thinking big is great, but you need to think smarter

Thinking big is great, but you need to think smarter


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More from Rick Spence | @rickspenc
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Many entrepreneurs have no problem thinking big. The key is for them to think smarter.
FotoliaMany entrepreneurs have no problem thinking big. The key is for them to think smarter.

    At a big-ticket event called “The Art of Small Business” held last week in Toronto, leading entrepreneurship expert Michael Gerber, author of The E-Myth and The E-Myth Revisited, exhorted Canadian entrepreneurs to think bigger and dare more.
Two days later, I discovered that thinking big isn’t a problem for today’s entrepreneurs. The big challenge is thinking realistically. And while one might lament young startups’ pie-in-the-sky ambitions, this is a good problem to have. I’d rather have a team of entrepreneurs who believe they can score from centre ice than a bench full of bashful business owners afraid to take a shot.
These thoughts coalesced after I sat in on an “Ask the Experts” session at last week’s Small Business Forum in downtown Toronto. The organizers, Enterprise Toronto, recruited a dozen business specialists to provide free advice. I shadowed Steve Stunt, a business professor at Niagara College in Niagara-on-the-Lake, Ont., and a guru of entrepreneurship and marketing.
Here is how things went:
10 a.m. The first world-conqueror is Attila (names have been changed to protect the naive). He has a formula for training business owners to become more successful, and wants to expand this knowledge across Canada. But he needs a partner willing to invest $500,000 in his startup.
Steve didn’t tell Attila he was crazy. Instead he calmly asked, “Where will you look for this person?” — putting the onus on the entrepreneur to explore his own misconceptions. Attila admitted he had no idea where to look for his saviour, so Steve suggested consulting his nearest Regional Innovation Centre.
Steve also tried to steer him into launching the business himself, and grow it slowly, organically, rather than count on elusive investors. Attila disagreed, saying the competition is circling. “I think the first company to market will be the winner.” Besides, he had already prepared a “pitch deck” (slides presenting his concept to potential backers). Steve gave in and offered him the name of a local group of angel investors, but warned they would expect a detailed business plan with three years of financial projections.
Check out my latest e-book entitled: "Social Media Marketing in Agri-Foods: Endless Profit and Painless Gain"




The book is available on Amazon and Kindle for $4.99 USD. Visit amazon/Kindle to order now:
http://www.amazon.ca/Social-Media-Marketing-Agri-Foods-ebook/dp/B00C42OB3E/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1364756966&sr=1-1

Thanks for taking the time