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What are the most pressing problems faced by founders?

10/23/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Founders often face a variety of challenges that can vary by industry, business model and location. However, here are some of the most pressing issues that founders often face:

Missing capital: Funding is often one of the biggest hurdles for founders. It can be difficult to raise enough capital to launch the business and sustain it through the early stages before it becomes profitable.

Market Validation: It is critical to ensure that there is demand for the product or service the business is offering. Validating the market and identifying potential customers are important steps to ensure that the business can succeed.

Team Building: Assembling a competent and dedicated team can be a challenge. Finding the right team that shares the founder's vision and brings the necessary skills to move the business forward is critical.

Competition: in most industries, there are already established competitors. Founders need to find a way to stand out from the competition and create a unique offering to attract customers.

Scaling: After a business is launched, the question of scaling arises. How can the business grow without compromising quality and overstretching resources?

Legal and regulatory challenges: Founders must deal with legal and regulatory requirements that can vary by industry and location. This can range from business formation to intellectual property protection to regulatory compliance.

Marketing and Customer Acquisition: Attracting customers is often a major challenge, especially in an increasingly competitive business environment. Effective marketing strategies and sales channels are essential to drive growth.

Time Management: Founders often wear many hats and have numerous responsibilities. Effectively managing one's time and priorities is critical to avoid getting into undue stress.

Lack of experience: many founders operate in areas where they may not have extensive experience, such as accounting, law, human resources management, etc. Overcoming the lack of experience in key business areas can be challenging.

Insecurity and Risk: A founder's journey is often one of uncertainty and risk. There is no guarantee of success, and the ability to manage uncertainty and take risks is critical.

These challenges can vary depending on individual circumstances, but they are some of the most common issues founders face. Thorough planning, flexible approaches and a willingness to learn from mistakes can help overcome these challenges.

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What are the most important focal lengths for press photographers?

10/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The most important focal lengths for press photographers depend on the different situations and tasks they face. Generally speaking, the following focal lengths are particularly relevant for press photographers:

Wide-angle lenses (e.g., 24mm, 35mm): Wide-angle lenses allow press photographers to capture a large scene or crowd. They are ideal for reportage photos, landscape shots, and events with limited space.

Standard lenses (e.g., 50mm): Standard lenses are versatile and similar to the human angle of view. They are ideal for portraits, street photography, and general events.

Telephoto lenses (e.g. 70-200mm): Telephoto lenses allow photographers to bring in distant subjects and capture details. They are especially useful for sporting events, political gatherings, and other situations where you can't get close to the action.

Super telephoto lenses (e.g. 300mm, 400mm, 600mm): These extreme telephoto lenses allow photographers to capture very distant subjects in detail, such as at sporting events or natural events.

Zoom lenses (e.g. 24-70mm, 70-200mm): Zoom lenses offer a variable focal length, making them especially handy when you don't have the ability to change lenses often. They are also useful for reacting quickly to events and remaining flexible.

Press photographers often need to react quickly to changing situations and therefore require some versatility in their equipment. Typical equipment might include a wide-angle lens, a standard lens, and a telephoto lens to cover a wide range of photographic needs.

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What is the blocking period (press)?

10/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Embargoment in the journalistic context refers to an agreement between a news source (e.g. a government agency, company or individual) and the media (newspapers, television, radio or online news) that authorizes the publication of information or regulates messages at a specific time. During the embargo period, the media is not allowed to publish or disseminate the information or news received until the specified time has expired.

Blocking periods are agreed for various reasons:

Coordination: In some cases, a blackout period is agreed to ensure that all media outlets report on an important news story at the same time. This allows the news source to coordinate publication and ensure that no information is leaked prematurely.

Research time: Members of the media can use the embargo period to gather more information, check facts and conduct background research before publishing a story.

Exclusivity: News sources may provide media outlets with exclusive insights or interviews provided they do not publish the information until the embargo period expires.

Fairness: embargo periods are intended to ensure that media companies report fairly and responsibly, rather than publishing information prematurely or with errors.

Control: News sources have the ability to control the publication of information and ensure that it is presented in a specific context.

Sensitivity: In cases where information is sensitive or confidential, an embargo period can help prevent it from becoming public prematurely.

It is important to note that embargo periods are typically based on trust and agreement between news sources and the media. Failure to comply with an embargo period may result in legal consequences or loss of trust from the news source. Journalists and media organizations therefore typically strive to respect and adhere to embargo periods in order to maintain their credibility and access to information.

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How can you use customer reviews and testimonials in PR?

10/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Customer reviews and testimonials are extremely valuable tools for gaining the trust of potential customers and strengthening a company's image. Here are some ways you can use customer reviews and testimonials in your PR:

Press releases: Use customer reviews and testimonials in your press releases to emphasize the credibility and value of your business. Quote positive testimonials from satisfied customers and share them with journalists and members of the media.

Website and landing pages: place customer reviews and testimonials on your website and specifically on landing pages to give visitors a positive impression. Show real customer experiences to persuade potential buyers and build trust.

Social Media: Share customer reviews and testimonials on your social media platforms to make them accessible to a wider audience. Use quotes, images or short videos from customers praising your products or services.

Case studies: create detailed case studies that highlight your customers' experiences and results. Describe how your company helped solve their problems and how they benefited. These case studies can be used in your PR efforts to demonstrate your success.

Influencer marketing: Work with relevant influencers who review your products or services and share their experiences. Authentic reviews from influencers can achieve great reach and build trust with your target audience.

Customer testimonials: Ask satisfied customers to be available as references for potential clients. These customers can be contacted by prospects to answer their questions and share their first-hand experiences.

Media coverage: send customer reviews and testimonials to members of the media to get your company mentioned in industry publications or other relevant media. Journalists can use positive experiences from customers in their articles, adding credibility.

It is important that customer reviews and testimonials are authentic and not manipulated or fabricated. Make sure that testimonials come from real customers and are used with their consent.

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What is press release distribution?

10/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Press release distribution, also referred to as press release distribution or PR distribution, is a process by which companies, organisations or individuals send press releases to journalists, editors, bloggers and other media representatives. The aim of press release distribution is to draw the media's attention to specific news, events or information that may be of interest to the public.

Here are some important aspects of the press release dispatch:

Content: The press release should contain relevant and interesting information that is relevant to the target audience. This can be news about a product, an event, a partnership, an award or other relevant topics.

Target audience: The press release should be sent to media representatives who are likely to be interested in the news. This may include newspapers, magazines, online publications, radio stations or specialised industry blogs.

Dissemination: The press release should be sent to media representatives who are likely to be interested in the news. It can be sent in a number of ways, including by email, through online press portals, via specialised PR services or even directly by post. It is important to ensure that the press release reaches the desired media.

Format: The press release should have a clearly structured format and present all relevant information in an easily understandable way. This often includes a headline, the main text of the release, quotes, contact details and, where appropriate, multimedia elements such as images or videos.

Timing: The timing of the press release is crucial. Companies often try to place press releases before important events or product releases in order to get maximum media attention.

The timing of the press release is crucial.

The success of press release distribution depends on how well the release is crafted, how targeted it is sent to the right recipients and whether it piques the interest of media representatives. A successful press release can help increase visibility and media coverage of a particular issue or organisation.

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