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Achieve maximum results with little effort - thanks to Pareto

02/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Pareto effect, also known as the 80/20 principle, is an important principle of economic theory that states that 80% of the results are due to 20% of the effort. This means that maximum results can be achieved with little effort by focusing on the essential 20% of effort.

To apply the Pareto Effect, you must first make a list of all the tasks you need to complete to achieve your goal. Then identify those tasks that have the greatest impact on your outcome. These are the ones you need to complete first. To prioritize the tasks, it can be helpful to sort them by importance and urgency.

Another important step is to automate tasks. Many tasks can be simplified and expedited through automation, which reduces the time and effort required to complete them. With automation, many tasks that are a large part of the effort can be done automatically, giving you more time to complete the essential tasks.

Because of the Pareto effect, you can achieve maximum results with little effort. To do this, you just need to identify and prioritize the essential tasks and automate the rest of them. With the right planning and implementation, you can achieve maximum results effortlessly.

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Writing and Publishing a Press Release - A How-To Guide

02/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Step 1: Choose a topic for your press release.

Before you start writing your press release, you must first choose a topic. Choose a topic that is interesting and that is tailored to your target audience. Think about what information you want to share with your audience, focusing on an important event, new product or service you offer.

Step 2: Research and write your press release.

Once you've chosen a topic for your press release, it's time to start your research. Gather as much relevant information as you can and make sure your facts are accurate. Then, create a draft of your press release and write it. When doing so, make sure your press release is short, concise and informative. Don't use technical terms and word your press release in plain, easy-to-understand English.

Step 3: Add a photo or video.

Photos and videos are a great way to illustrate your press release and reach your target audience. Add a photo or video to your press release if needed to make it more interesting and meaningful.

Step 4: Publish your press release.

Once your press release is complete, it's time to publish it. There are several ways you can publish your press release. You can send it to news outlets and other media, you can post it on your website or other websites, or you can share it on social media.

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Product development - from the idea to the first customer

01/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Product development is a complex process that involves many different steps and decisions. The process begins with the development of an idea and the creation of a concept, which must then be transformed into a marketable product. At each stage of development, the idea becomes more and more concrete and concrete decisions are also made about the functionality of the product. At the end of the development process, a prototype is developed that can be tested before the finished product is sold to the customer.

The product development process begins with the creation of a concept. First, the idea behind the product must be examined and defined in more detail. Then, a plan must be created that details the product's functionality, cost and schedule. This is followed by the development of the prototype, which is then tested to ensure that the product meets the customer's requirements.

Once the prototype has been successfully tested, it is prepared for mass production. This is done by defining a production process that allows the product to be manufactured according to the given specifications. The finished products are then sold to customers or shipped to distributors who further market the product.

The development process does not end when the product hits the market. Rather, developers must remain available after the product is sold, gathering important feedback information from customers to further improve the product. This process can last for months or even years.

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How to drive your business forward through corporate communications

01/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Corporate communications is an important component of a company's success. It is a combination of internal and external communications that can help strengthen the company's image and increase brand awareness.

1. Create a communications strategy: A good communications strategy is key to implementing effective corporate communications. Develop a strategy that is tailored to your goals and target audience. Write a communications plan that includes objectives, content, communications channels and timelines.

2. Choose the right communication channels: Choose the communication channels that best suit your target audience. Some communication channels you should consider are social media, online media, print media, email marketing, direct marketing and PR campaigns.

3. Create a corporate branding program: a corporate branding program can help strengthen the company's image, increase brand awareness and create a positive customer experience. Determine how you want your company to be perceived and plan the steps necessary to achieve that goal.

4. Create an engagement program: an engagement program can help build a positive dialogue with customers and prospects. Plan various activities such as customer surveys, events, and campaigns that will give you insight into what customers think.

5. Measure and optimize your communication activities: Regularly measure the results of your communication activities. Compare the results with your goals and optimize your strategy.

By implementing a comprehensive corporate communications strategy, companies can improve their image, attract more customers and increase profits. With a sophisticated communications plan and a clear strategy, companies can make the most of their corporate communications.

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Don't waste time - How to successfully start your own business

01/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Set clear goals for yourself: Define what you want to achieve and when you want to achieve it. Clear goal setting is the key to starting your self-employment successfully.

2. Build a network: Networks are an important source of information, customers and new business opportunities. Build a network by making contacts and networking with other entrepreneurs online and offline.

3. Find a mentor: a mentor is someone who can help you get the most out of your self-employment. Find a mentor who has had similar experiences and can help you succeed.

4. Create a business plan: A business plan is an important step in planning and ensuring your success. Create a business plan that includes your goals, strategy and timeline.

5. Focus on your business model: define your services, pricing and target markets. Develop a business model that will make your business profitable and help you establish yourself for the long term.

6. Get support: It is important to get support. Get support from family, friends, and experts to successfully start your self-employment.

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