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Become a content producer - step by step

11/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Find your field: start by following your areas of interest and find out what kind of content you want to produce. Maybe you're an avid tech lover who wants to share about new products, or maybe you're an art lover who would like to write about art.

2. Start your own blog: A blog is a great way to produce content and reach your audience. Choose a platform that gives you the best options and start your own blog.

3. Use social media: nowadays, social media is an important tool to produce and distribute content. Create your own Facebook page, Twitter account, Instagram account and more to share your content.

4. Build your brand: A strong brand is an essential element to produce and distribute content. Create a logo and a consistent design to establish your brand.

5. Network: attend conferences, networking events and other industry events to build a network and spread your content.

6. Stay creative: Content production requires creativity. Regularly publish new content that is interesting, informative and entertaining.

7. Be Disciplined: Content Production requires discipline and continuity. Be regular and consistent in your content to build and retain an audience.

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Basic knowledge of PR & Public Relations - What you need to know

11/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. What is PR and public relations?

PR and public relations is a field of expertise that deals with the communication of a company, organization or person with its target audience. It includes the planning, development, implementation and control of communication activities designed to create a positive image, inform and influence the public.

2. What are the tasks and objectives of PR and public relations?

One of the main objectives of PR and public relations is to create a positive image and perception of the company, organization or person among its target audience. To achieve this, various communication activities are planned, executed and monitored to reach, inform and influence the target audience. These include press releases, social media activities, events, newsletters and trade shows.

3. What are the different types of PR and public relations?

There are different types of PR and public relations, which can vary depending on the purpose and target audience. The most common types include Corporate PR (corporate communications), Crisis PR (crisis communications), Product PR (product communications) and Public Affairs (public affairs).

4. What skills and knowledge are required for PR and public affairs?

To be successful in PR and public relations, it is important to have a good understanding of the different communication media and a strong sense of language, style and tone. There should also be knowledge of the target audience, the media landscape and the legal situation. It is also important to have a good understanding of project management and strategic thinking.

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Pitching to investors: How do you convince potential investors?

11/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Finding investors for your start-up or business project can be one of the most challenging and exciting phases of your business journey. A convincing pitch to potential backers can mean the difference between success and failure. In this article, you will learn how to effectively approach investors and convince them of your project.

1. Knowledge of the audience:

Before you prepare your pitch, it is crucial to understand your audience. Research your potential investors thoroughly to find out what kind of companies or projects they have invested in the past. This will help you tailor your pitch to their interests and needs.

2. Tell a compelling story:

Investors are not only interested in facts and figures, but also in the story behind your company. Tell a clear and compelling story that illustrates your problem, solution and market potential. Use storytelling to create an emotional connection.

3. Clarify the problem and solution:

Start by explaining what problem your product or service solves and why this problem is important. Then present your solution and emphasise how unique and effective it is. Investors need to understand why your company fills a gap in the market.

4. Demonstrate market potential:

Investors want to know that your company is operating in a growing market. Present market research and data to back up the market potential. Show how big the target market is and how you will tap into it.

5. Emphasise your competitive advantage:

Explain why your company will be successful against the competition. Emphasise your unique selling points, patents, technologies or your team. Show why investors should invest in your company and not in the competition.

6. Clear financial forecasts:

Investors want to see financial forecasts that are based on realistic assumptions. Present sales forecasts, cost structures, break-even points and expected ROI (return on investment). Be transparent and conservative in your estimates.

7. Emphasise team and experience:

Investors not only invest in ideas, but also in teams. Introduce your founding team and emphasise their relevant experience and qualifications. Show that your team is capable of leading the company to success.

8. Ask questions and get feedback:

At the end of your pitch, you should be ready to answer questions from investors. Show your interest in their perspective and feedback. Be prepared to respond to critical questions and be honest about risks and challenges.

9. Clear call to action:

End your pitch with a clear call to action. Ask investors to take the next step, whether it's another meeting, reviewing documents or signing a contract.

10. Practise, practise, practise:

A convincing pitch requires practice. Practise in front of friends, mentors or other founders to boost your confidence and presentation skills.

A successful pitch to investors requires preparation, persuasion and the ability to clearly communicate your story and value. By following these steps and presenting your business authentically and convincingly, you will increase your chances of securing the necessary investment and moving your business project forward.

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Ranking Marketing Studies - At which university can you study in Germany?

11/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are many universities and colleges in Germany where you can study marketing. Choosing the best university or college to study marketing often depends on personal interests, goals and location preferences. Here are some renowned educational institutions in Germany that offer degree programmes in marketing:

University of Cologne: The University of Cologne offers a Bachelor's degree programme in Business Administration (BWL) with a focus on marketing. At Master's level, there is also the "Marketing, CEMS Master's in International Management" programme, which is run in collaboration with other international business schools.

Ludwig-Maximilians-Universität München (LMU): LMU Munich offers a Bachelor's and Master's degree programme in Business Administration (BWL) with a specialisation in Marketing.

Free University of Berlin: The Free University of Berlin offers a bachelor's degree programme in economics with a focus on marketing and management.

University of Mannheim: The University of Mannheim offers a Bachelor's degree programme in Business Education with a focus on marketing. At Master's level, there is the "Management" degree programme, which also specialises in marketing.

University of Passau: The University of Passau offers a Bachelor's degree programme in Business Administration (BWL) with a specialisation in Marketing and Electronic Business. At Master's level, there is the "Marketing and Electronic Business" programme.

University of Hohenheim: The University of Hohenheim in Stuttgart offers a Bachelor's degree programme in Economics with a specialisation in Marketing and Communication Sciences. There is also a Master's degree programme in "Marketing and Business Development."

WHU - Otto Beisheim School of Management: WHU offers a Bachelor's degree programme in Business Administration with a focus on marketing. At Master's level, there are programmes such as "Master in Management" and "Master in Entrepreneurship", which also include marketing courses.

Pforzheim University: Pforzheim University offers Bachelor's and Master's degree programmes in International Marketing.

ESCP Business School: This business school has a campus in Berlin and offers programmes such as the "Master in Marketing and Creativity" and the "Master in Marketing & Digital Media"

Leuphana University of Lüneburg: There is a Bachelor's degree programme in Business Administration with a focus on Marketing & Business Development as well as a Master's degree programme in Marketing and Entrepreneurship.

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Founders beware - The pitfalls to avoid when taking the step into self-employment

11/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Spending too much money: It is important to plan carefully and understand how much money you have available and how much you need to start up. You should not spend more than you can afford and make sure you have realistic financing.

2. Unclear goals: Before starting your own business, you should set clear goals so you know how to proceed and what you want to achieve.

3. Neglecting business planning: A business plan is a fundamental tool to start and run a business. Without such a plan, you have no direction and no clear idea of how to make your business successful.

4. Underestimating the competition: when trying to start your own business, you should not forget that there are already other companies trying to achieve the same thing. Therefore, it is important to learn about the competition and develop a plan on how to differentiate yourself from them and give yourself an advantage.

5. Not paying attention to the legal aspects: Before starting a business, it is important to learn about the legal framework and make sure you are doing everything right. This includes complying with all relevant laws and regulations.

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