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Why you shouldn't start your own agency in 2023 - And what you can do instead

12/30/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

2023 is a difficult year to start an agency. Although there are many opportunities, the challenges are too great to try. The economy is tight, and many businesses are struggling to increase revenue. It can be difficult to attract new clients and maintain a steady income. Instead, you can get involved in the industry in other ways, such as:

1. Take online continuing education courses. By learning about the latest developments in the industry, you can build your skills and prepare for a career as an agency owner.

2. Build a network. Network with other professionals in the industry to share their experiences and ideas.

3. Get an internship. Internships are a great way to get direct exposure to an agency's work and get a feel for the industry.

4. Write a blog. This will allow you to share your expertise and ideas and expand your network.

5. Join a professional organization. This will help you make contacts in the industry and expand knowledge of the industry.

By engaging in these methods, you can develop your skills and prepare yourself to start an agency. Once you have made a name for yourself in the industry, it will be easier to start your own agency.

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How to become a Data Scientist?

12/28/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
To become a Data Scientist, you will need to acquire a range of skills and knowledge. This includes a deep understanding of the Python and R programming languages, an understanding of mathematical and statistical concepts and skills, and an understanding of databases, visualization, and machine learning. You will also need to have basic project management and client interaction skills.
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How and where do I find clients as a freelancer?

12/28/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Finding clients for freelancers is not always easy. The best way to find clients is to join a network of like-minded people. This includes social networks such as LinkedIn, XING or Twitter, but also special networks for freelancers, such as Freelancermap.de. It is also possible to find new clients through recommendations and contacts from acquaintances and friends. Another way to find clients is to apply on job boards or on special platforms for freelancers, such as fiverr.com or upwork.com.
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Press relations for law firms and practices - How to expand your client and customer base

12/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Develop a strategy: create a plan in which you describe in detail how you want to expand your client and customer base. Define specific goals and determine how they can be achieved.

2. Create a press release: create a press release telling people about your firm/practice and specific services. Include a profile picture of the attorney/practitioner to add a personal touch.

3. Disseminate your press release: publish your press release in various media, such as online press releases, social media, print media and local newspapers.

4. Create a blog: Create a blog where you report on recent legal developments, new laws, and current cases that may be of interest to your clients.

5. Organize a seminar: organize a free seminar in which you inform about your services, your company and about current legal developments.

6. Build a network: Connect with other attorneys, law students and law firms to expand your client and customer base.

7. Use social media: Use social media to spread your news and draw attention to your firm.

8. Be active: Be active at legal conferences, forums and networking events to get your name and services out there.

9. Create brochures and flyers: Create brochures and flyers to distribute to prospective clients.

10. Give interviews: Give interviews to local newspapers, radio stations and online media to get even more exposure.

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The 80/20 Rule - The Pareto Principle as a Lever Tool for Every Successful Entrepreneur

12/19/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The 80/20 rule, also known as the Pareto principle, is an important tool for any successful entrepreneur. It states that 80% of the result is achieved by 20% of the effort. In other words: By focusing on the 20% of activities that produce the most result, you can get the most benefit from your efforts.

The Pareto Principle can be applied to many areas of entrepreneurship. For example, you can use it to figure out which advertising tools work best. By measuring results and figuring out which advertising mediums deliver the best results, one can focus on those that provide the most benefit.

You can also use it to figure out how to best use your time. By focusing on the tasks that provide the most benefit, you can make your time more efficient and productive.

The Pareto Principle can also be used to figure out which clients get the greatest results. By analyzing the data and figuring out which customers bring in the most revenue, you can focus on those that bring in the most value.

The Pareto Principle is a useful tool to help business owners maximize results and make their efforts more efficient. By focusing on the 20% of activities that bring the most value, you can maximize results and make your business more successful.

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