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News / Blog: #success

Submitting a press release - How to get your press message to the target

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

If you want to submit a press release, there are some important steps to follow to ensure that your press release is published successfully. Here are some tips on how to submit your press release:

Determine target audience and publication date: Consider the target audience you want to reach and the best publication date for your press release.

Provide relevant information: make sure your press release contains relevant and interesting information that will be of interest to your target audience.

Format and design: Pay attention to the formatting and layout of your press release to ensure it looks professional and is easy to read. Use short paragraphs and add headings to increase readability.

Research contacts: Research potential contacts and media outlets that might publish your press release. Gather contact information from journalists and publishers.

Write to contacts: Send your press release to the selected contacts and ask for publication.

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What are the wrong decisions to avoid as a founder?

03/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is a bad idea to focus on a single product or service. Instead, founders should try to offer multiple products or services to reach a broader range of customers. It is also important to develop a sophisticated strategy for growing the business before going in a particular direction. This will allow the company to plan for the long term and respond to changes in the industry. Another mistake founders should avoid is relying on a single source of funding. It is important to use multiple sources of funding to minimize risk.

1. An overly optimistic plan: if founders are too optimistic, they can focus on too many things at once and quickly lose sight of the big picture. A realistic and step-by-step plan is important to succeed.

2. Insufficient financial management: founders should manage their money responsibly by carefully controlling their expenses and carefully tracking their income.

3. Insufficient market research: it is important to know the needs and wants of target customers before launching a product or service. So founders need to do sufficient market research to validate their business idea and ensure that it will be successful in the market.

4. Scaling too quickly: Growing too fast can lead to financial problems as it is difficult to finance the growth. Founders should therefore aim for realistic growth and scale only when it is financially possible.

5. Hiring too early: Many founders make the mistake of hiring employees too early, before they have sufficiently validated their business. Such an approach can lead to financial difficulties, as you can spend too much money on wages without having enough in return.

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Successful public relations with social media - How to use Instagram, Facebook Twitter and Co in your favor

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Here are some tips on how to successfully use social media for your public relations efforts:

Target audience-oriented content: Create content that is tailored to the interests and needs of your target audience. Make sure your content is relevant, interesting, and clearly conveys your message.

Consistent brand messaging: make sure your brand message is consistent across all of your social media posts and channels. This will help make your brand recognizable and build a stronger bond with your target audience.

Take advantage of the different formats: Take advantage of the different formats offered by each social media platform, such as images, videos, stories, and livestreams. This helps to make your content more interesting and varied.

Interact with your audience: interact with your audience regularly by replying to comments and messages and answering questions. This helps increase trust and loyalty among your target audience.

Use hashtags: Use relevant hashtags to categorize your content and increase the reach of your posts. Look for hashtags that are used by your target audience and use them in your posts.

Collaborate with influencers: Use influencer collaborations to promote your brand and content to a wider audience. Select influencers who match your target audience and values to ensure an authentic and successful collaboration.

Measure success: measure the success of your social media efforts regularly to see what's working and what's not. Use analytics tools to track the reach, engagement and conversions of your posts.

Social media is a powerful way to boost your outreach and build strong relationships with your target audience. By following these tips and developing a targeted and creative strategy, you can leverage your social media efforts to spread your brand and message to increase your success.

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Starting a business - you should consider this in advance

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

If you are planning to start a business, there are a few important points that you should consider beforehand. Here are some aspects to consider:

Business Idea: Think about what products or services you want to offer. Do a market analysis to see if there is demand and how tough the competition is.

Target group: Determine your target group and analyze their needs and expectations. Think about how you can best achieve them and which marketing strategies you can use to achieve this.

Financing: Create a business plan to calculate your costs, income and financing needs. Consider whether you can contribute equity or whether you would like to use external financing options.

Legal form: Decide on a suitable legal form, e.g. as a sole trader or as a GmbH. Pay attention to tax, legal and organizational aspects.

Official registrations: Find out about the necessary official registrations and permits, e.g. business registration, tax registration and IHK contributions.

Insurance: Check which insurances are necessary for your company, e.g. liability insurance, business liability insurance and health insurance.

Schedule: Create a realistic schedule that includes all necessary steps and milestones. Also note buffer times for unforeseen events.

Network: Build up a network, e.g. through contacts with potential customers, business partners, suppliers and consultants.

It is important that you take sufficient time to plan your business start-up and that you have the support of experienced consultants in order to minimize possible risks and start your company successfully.

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Is it worth studying journalism?

03/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Whether it's worthwhile to study journalism depends on a number of factors, including your personal interests, goals and circumstances.

If you have a passion for writing and reporting and are able to draw the attention of others to important issues, studying journalism can help you hone your skills and prepare you for a career in journalism. A journalism degree offers you the opportunity to learn about various aspects of journalism, such as research, interviewing, writing techniques, ethical standards, and media law.

A degree in journalism can also help expand your career opportunities, as many media companies prefer a journalism degree as a qualification for entry-level positions. However, there are also many journalists who are successful in the industry without having a formal degree in journalism.

It is also important to note that journalism is a rapidly changing field and the demands placed on journalists can change constantly. Therefore, it is important to acquire a wide range of skills during your studies and to continue learning throughout your career.

In summary, studying journalism can be worthwhile if you have a passion for writing and reporting and want to pursue a career in journalism. However, there are other paths into the industry, and it is important to consider your personal circumstances and goals before choosing to study.

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