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Recruiting strategies and techniques for craft businesses: finding and retaining talent

11/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Finding qualified craftsmen and professionals can be a challenge for craft businesses, especially considering the shortage of skilled workers in many industries. An effective recruiting strategy is crucial to finding and retaining the best talents in the long term. In this article, we will highlight various strategies and techniques that craft businesses can use to successfully attract new employees.

1. Online Job Postings:

Post your job openings on online job boards and your own website. Ensure that the ads clearly outline the requirements and benefits of the position.

2. Utilizing Social Media:

Platforms like LinkedIn, Facebook, and Instagram can be used to raise awareness of job openings. Share images and stories from your business to engage potential applicants.

3. Referral Programs:

Encourage your current employees to refer potential candidates from their network. Employees who provide successful referrals could be rewarded.

4. Collaborations with Trade Schools:

Collaborate with trade schools and educational institutions to attract talented apprentices and graduates. Offer internships and apprenticeships to get to know talents early on.

5. Building an Attractive Employer Image:

Invest in a positive employer image. Showcase that your business is a great place to work, emphasizing career opportunities and training programs.

6. Networking and Industry Events:

Attend industry events and craft fairs to personally meet potential candidates and build relationships.

7. Interviews and Trial Work:

Conduct thorough interviews and offer potential employees the opportunity for trial work to assess their skills and fit with the company.

8. Incentives and Compensation:

Provide competitive compensation and additional benefits such as insurance, retirement plans, and training opportunities to enhance your attractiveness as an employer.

9. Flexibility and Work-Life Balance:

In an era of increasing demand for work-life balance and flexible working conditions, a willingness to meet such needs is a significant plus for craft businesses.

10. Training and Development:

Offer training and development opportunities to promote the growth of your employees and give them the chance to advance their careers.

11. Employee Retention:

After finding qualified employees, it is crucial to retain them. Focus on good employee retention by creating a supportive work environment and acknowledging good work.

The competition for qualified craftsmen and professionals can be tough, but with the right recruiting strategies and techniques, craft businesses can attract and retain the best talents. Remember that the search for new employees is a continuous process that contributes to the long-term success of your business.

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Press & Public Relations - What really matters?

11/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The most important thing is to create a strong and memorable brand. This includes the development of a clear and memorable corporate identity and a clear positioning in the industry.

The message must be consistently disseminated through a variety of channels. This includes both online and offline promotional activities.

It is important to build a strong relationship with the media. You need to be on good terms with media representatives and provide them with relevant content.

It is important to regularly review which strategies and campaigns are effective and which are not. This helps in adapting the campaigns to the changing needs of the target audience.

It is also important to measure the effectiveness of the different communication channels. This allows us to find out which channels are producing the best results for our communication goals.

It is important to respond to the needs and expectations of the target group. This includes developing content that appeals to and interests the target audience.

The effectiveness and efficiency of press relations should be measured regularly in order to adjust and optimize campaigns.

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Send press release immediately without waiting time

11/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In an era where information spreads at lightning speed and news cycles are shorter than ever, time is of the essence. Companies and organizations must be able to disseminate crucial news immediately to stay relevant and reach their target audiences. But how can they ensure that their press releases reach the public without delay?

A groundbreaking solution to this problem has emerged in recent years: the instant distribution of press releases without waiting time. This new approach has revolutionized how companies publish news, offering numerous advantages.

Instant Dissemination for Real-time News

Traditionally, press releases were sent through press agencies, email distribution lists, and other channels. This process could take hours or even days for the information to reach the media and the target audience. However, such delays are unacceptable in today's digital world.

Instant distribution of press releases allows companies and organizations to spread real-time news without delay. This is particularly crucial in crisis situations, for important announcements, or in fast-paced industries such as technology or finance.

Direct Access to Media and Audiences

One of the biggest challenges in releasing press releases is ensuring they reach the right recipients. With instant distribution, companies can directly contact journalists, editors, and other media decision-makers to ensure their news is heard.

Furthermore, social media platforms and online press portals facilitate the rapid dissemination of press releases to a broad audience. This provides the opportunity to maximize reach and deliver news directly to readers without relying on intermediaries.

Easy Management and Analysis

The technology behind instant press release distribution also enables efficient management and analysis of news. Companies can track the success of their press releases in real time by monitoring metrics such as open rate, click-through rate, and media coverage. This allows them to continuously optimize their communication strategy.

The Future of News Delivery

Instant press release distribution without waiting time is undoubtedly the future of news delivery. It provides companies and organizations with the ability to disseminate their news in real-time, specifically reach the right recipients, and track the success of their efforts.

In a time where information is critical, this innovative approach can offer a crucial competitive advantage. Therefore, companies should consider sending their press releases immediately to stay relevant in today's fast-paced media landscape.

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Term sheets and contract negotiations with investors: key steps to financing your start-up

11/24/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

If you are looking for investors for your start-up, the contract negotiation phase and the creation of a term sheet is a crucial step on the road to funding. In this article, we will look at the importance of term sheets and the key steps in negotiating contracts with investors.

What is a term sheet?

A term sheet is a document that sets out the key terms and conditions of the proposed investment. It is a preliminary document that provides the framework for future negotiations and the final investment agreement. A term sheet is usually not legally binding, but contains key agreements that will later be included in the final contract.

Key clauses in a term sheet:

Investment amount: The term sheet should specify the amount of the investment and the type of financing (equity, debt, convertible bonds, etc.)

Valuation: The valuation of the company before and after the investment is an important point. It determines how much of a share in your company the investors receive.

Participation rights: The term sheet can also define investors' participation rights, such as preference shares or voting rights.

Dilution protection: Investors can request protective clauses to ensure that their participation is not diluted by subsequent financing rounds or capital increases.

Exit terms: The term sheet may include exit conditions such as an exit strategy, a sale clause or an IPO clause.

Dividends: It may also specify dividend policy and payments.

Rights and obligations: The term sheet should clearly set out the rights and obligations of investors and the company, including information on governance and the role of investors in the company.

Steps in contract negotiations with investors:

Offer and counteroffer: Start the negotiations with an offer that contains the most important conditions. Expect counter-offers from the investors and be prepared to work out the terms.

Professional advice: It is advisable to consult legal and financial experts to ensure that your interests are protected and that you understand the implications of the agreements.

Due diligence: Investors will usually carry out extensive due diligence to review your business and finances. Be prepared for this process and make sure all documentation is in order.

Signing of the term sheet: Once negotiations are complete, the term sheet is signed by both parties. Note that this is not the final investment agreement.

Drafting the investment agreement: After the term sheet is signed, the lawyers on both sides work to draft the final investment agreement. This should include all the terms and conditions from the term sheet.

Closing the transaction: Once the investment agreement has been signed, the actual investment transaction takes place, where the investment sum is transferred and the agreed shares are issued.

Term sheets and contract negotiations with investors are complex processes that require careful planning, negotiation skills and professional support. It is important to carefully review the terms and ensure that they support your company's long-term goals. A successful contract negotiation can not only secure the necessary funding, but also lay the foundation for a successful partnership with your investors.

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Properly design and implement B2B sales funnels to maximize conversion rate

11/23/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Identify relevant target groups: Identify the right target groups that are best suited for your product or service. Define the key characteristics, personas and needs of your target audience. This step will help you choose the right approach for B2B sales.

2. Create a detailed marketing strategy: create a detailed marketing strategy that focuses on the defined target groups and is tailored to their needs. Define your core message and the channels on which you want to disseminate it.

3. Design a powerful B2B sales sequence: design a powerful sales sequence that allows easy navigation and helps your prospects navigate through the sales process. This sequence should clearly communicate the core message and provide an easy path to conversion.

4. Perform testing and optimization: Conduct regular testing and optimization of the sales process. Test different variations of your core message to see which works best. Also test different elements of your sales sequence to see how it affects conversion rates.

5. Evaluate and adjust the strategy: regularly evaluate the results and adjust the strategy if necessary. This is an ongoing process that can help you maximize the conversion rate and convert your leads.

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