Aren’t You a Proprietor?

By Michael Holahan, PA General Store

Is the word Proprietor outdated, harkening back to an earlier time when most of CCPA’s members were retailers? The current membership of CCPA is made up of educated professionals from the fields of finance, law, marketing, etc. Few, if any, of the present members are wearing an apron while “minding the store.”

I have been a proud shopkeeper for over 24 years. I am intrigued by the notion that a business owner would find the title “proprietor” off putting. While it is true that most business owners do not sell a pork chop over the counter, the very qualities that make a store successful should translate to success in other endeavors. Retailers are in the business of delivering the right combination of products and services to a targeted audience at the right price. When choosing the selection of merchandise to sell the retailer must consider the best way to deliver a great product, differentiate their brand from the competition, and maintain a profitable margin. Their success depends not only on the quality and perceived value of their wares but on the consistent delivery of a level of service that meets or exceeds the expectation of its customers. Providing this service is totally dependent on how well the proprietor assembles and trains their team. What business owner does not grapple with these issues?

What matters most to our customers/clients? When they make the trip to a store, brick and mortar or virtual, they expect to find what they need. If there’s a problem, they want to know that there is someone there to fix things, someone who not only cares about their satisfaction but also has the authority to make things right. In an age when companies have layers of customer service representatives, we all crave access to the place where the buck stops. If you were in a store and had an issue to resolve, would you rather deal with a supervisor, district manager or the proprietor? Why would any businessperson not want their clients to think of them as a proprietor? Whether you are an associate lawyer or a mid-level financial consultant in a large company, your relationships with your clients are as dear to you as any shopkeepers are with their customers.

If 24 years in the Reading Terminal Market has taught me anything, it is that an unappreciated customer is a former customer. For years, the newsletter of Reading Terminal Merchants Association, a collection of 80 different proprietors, ended with the following quote. “Good will is the disposition of pleased customers to return to the place where they have been well treated”.

What business would not be well served to remember that?

Michael Holahan along with his wife Julie are the proprietors of the Pennsylvania General Store, a retail and mail order company specializing in Pennsylvania made foods and crafts. www.pageneralstore.com

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When you absolutely need to do research

By Linda Rink, RINK Consulting

As a marketer, I know that research is as important as advertising or promotion – actually, it’s more important, because knowledge and understanding come before strategies and tactics. But if you’re not used to doing research, how do you know when you need to?

Here are 8 situations that call for market research.

1. Business plan for a new business. Even if you are not approaching lenders for financing, launching a new business absolutely requires a well thought-out business plan – to reduce your risk and increase your chances for success.
2. Apply for funding. Lenders expect to be paid back – with interest. It is up to you to demonstrate that their investment has a high probability of earning them money. Your assurances alone won’t do it – you will need to document it with solid research.
3. New product development. Before you launch, you should validate who will buy, why they will buy, what features and benefits they desire and at what price.
4. Customer feedback. Knowing what your customers are thinking is always smart.
5. Find out if your strategies have produced expected results. Do pre- and post-strategy tracking.
6. Troubleshoot problems. When your gut no longer gives you the solution to a problem, it’s time to dig a little deeper. And when the problems are big – losing market share or a key customer – you definitely want a full understanding of what could be a complex situation.
7. Documentation for sales pitches. Objective data – from either your own research with prospects, or from third-party experts – validates your sales message.
8. Keeping ahead of your competitors. It can be on-going surveillance of websites or a visit at a trade show – it’s still research.

How many of these apply to your business?

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Social media case study: Freire Charter School

Founded in 1998, Freire Charter School is one of the oldest and most successful college-preparatory schools in Pennsylvania. Freire is located within the Rittenhouse Square neighborhood of Philadelphia, and the school’s mission is to cultivate students’ individuality, instill the value of community and nonviolence and provide a rigorous education for some of Philadelphia’s most underserved youth. Currently they have a weekly email for current families and students and a Facebook Alumni Group.

After meeting with Anne Pagano, Director of Development, and Bill Porter, Head of Academic Affairs, Raison d’Etre recommends the following to raise awareness about Freire and increase alumni and donor involvement:

Targets:
To enhance Freire’s first annual report and maximize fundraising efforts, potential donors, such as successful alumni, education community members and
philanthropists, could be Freire’s first marketing target. New student recruits
could be a second target.

Social media goals: By implementing a comprehensive social media campaign, Freire Charter School will be able to create an accessible platform where potential donors, current families, and alumni can interface, which will bolster the alumni network and
serve as a recruitment and fundraising tool.

Strategy: By sharing the accomplishments of current students, faculty and alumni, Freire will be able to market itself as a school where success happens and goals are met. Building upon what the school already does right, Freire can create an outlined vision of what it wants to achieve in the future, which will enable potential donors
and alumni to envision enhanced roles for themselves.

Tactics:

  • Initialize a monthly newsletter, which current and past Freire families, alumni, educators and Philadelphia community leaders can sign up for to receive the latest news (i.e. college acceptance lists), invitations to events (fundraisers, musicals) and other information.
  • Create an official Freire Charter School Facebook page, where fans can be regularly updated. Work with alumni to provide content for a new Freire blog. The blog’s content can include information about past and current students.
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Consider online surveys

by Linda Rink, RINK Consulting

A retailer asking for customer-service feedback, a membership survey from an association – these days we seem to receive more and more requests to fill out online surveys. Not surprising, really. They are quick and inexpensive compared to mail or phone surveys, and they can provide valuable information when used correctly. Unfortunately, when used inappropriately, they can be a waste of time for both the respondent and the surveyor.

How do you know if an online survey is the right solution for you? Here are some tips to help you decide. Online surveys work best when:

• Your survey is not more than 20 to 25 questions.
• Most questions are multiple choice, not open-ended. (You want finite answers; you don’t need to probe for nuances).
• Respondents have a reason to respond. (Either they know you, or you give them a good “What’s in it for me [WIIFM])?”
• The questions are not difficult to answer.
• You have an accurate and up-to-date e-mail list.

Don’t get sloppy with your surveys just because online survey software programs make them relatively easy to implement. First, make sure that an online survey is appropriate. Second, take care in developing the questionnaire – or have a professional do it for you.

Remember: You don’t get a second chance with your respondents to “get it right.”

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It’s OK if your audience talks back

by Pat Rocchi, Pat Rocchi Communications

Nobody likes a one-way conversation. It can be pretty boring. Similarly we should not expect our audiences to put up with the same.

As a rule, I take questions from my audiences throughout most presentations rather than wait until the end. I think you show your audience a measure of disrespect when you expect them to sit passively while you talk to them. On the other hand, audience participation is a way to spice up your talk.

Is this a hard and fast rule? No; it can impractical due to the particular circumstances, such as the size of the audience or the room, a limited amount of time or the nature of your presentation. If you are delivering an emotion-packed speech, such as a eulogy or fund-raising appeal, you certainly don’t want to break the mood with interruptions. But, in many other situations, a dialogue with the audience is desirable, and there are several ways to generate interaction:

• Give a dollar to the first person who asks a question without prompting. Reward the next questioner with the same dollar. Passing that dollar around the room generates fun, but also participation.

• Ask a question and then toss a sponge ball into the audience. Whoever catches it is obligated to answer. Then have that person toss the ball to another responder.

• Create an exercise that requires attendees to get out of their chairs to solicit input from others in the room.

For more ideas, I recommend the book Preventing Death by Lecture, by professional speaker Sharon Bowman. She gives lots of fun tips on how to engage your audience so they are involved in your presentation and are more likely to remember you and what you said afterward.

 

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Social media case study: Spruce Hill Manor

by Audrey Julienne, Raison d’Etre|Relationship Marketing

Spruce Hill Manor Bed and Breakfast is situated in an 1879 Victorian mansion in the University City section of Philadelphia. Because of its proximity to major universities and hospitals, a majority of clientele include those with business in the immediate area. Currently its marketing relies heavily on BB websites and word-of-mouth. Spruce Hill has a website and is in the initial stages of starting a blog, which it hopes will serve as a resource for guests to learn more about Philadelphia.

Following a talk with innkeeper Janet Reitano, Raison d’Etre recommends the following to attract new interest and utilize the current clientele base:

Targets: The first target that Spruce Hill Manor could concentrate its marketing efforts on is the existing clientele whom has already experienced the quality of service and can become a driver in terms of recommendation and word-of-mouth. As a secondary target, we agree to open the outreach to Philadelphia visitors at large.

Social media goals: Via a strategized social media campaign, Spruce Hill Manor will be able to position itself as a resource for what is happening in Philadelphia, which will be beneficial for both target groups. Additionally, it will increase word of mouth accounts about stays at Spruce Hill.

Strategy: Instead of “recreating the wheel,” Spruce Hill Manor should utilize the numerous existing resources on Philadelphia’s hot events and places to go and position itself as a hub where people can find this information. In order to develop a content of its own that will interest potential patrons, we are recommending that the BB capitalizes on the unique personalities of its visitors.

Tactics:

  • Create a tab on current website that is fed with RSS feed from Philadelphia happenings, blogs and sites (i.e. uwishunu.com).
  • Link new blog to website. We recommend the blog content to focus on visitors of Spruce Hill Manor with clientele interviews and photographs.
  • Use Facebook as the promotional platform for sharing blog content and Philadelphia news of interest to client base and potential visitors.
  • Initialize a monthly newsletter, which clientele can sign-up for and receive information about what’s happening at Spruce Hill and around Philadelphia. Eventually, include more content like “visitor of the month” or time to time deals (when reservations are low).
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Leverage your business for growth

by Linda Rink, RINK Consulting

Growing your business can be done in several ways: by adding customers, new products or services; through acquisitions; or by expanding into new geographic regions. All of these activities can be risky and expensive.

How can you reduce your risk and your costs plus increase your chances of success? One important strategy is to leverage what you already have. Your business already has many assets. Here are 5 ways to leverage them:

• Leverage your current customers, who can be a great source of information and referrals.
o Survey your current customers and ask them what other products or services they would like to receive from you.
o Always ask for referrals.
• Leverage what your company has in house.
o What expertise do you already have in house that you can tap for new services?
o What new products or services can you implement quickly, easily and at low cost? (Hint: Think line extensions, product upgrades and add-ons.)
• Leverage your company’s image and position in the marketplace. This is where you can differentiate yourself from your competition. Conduct research with your target audience to identify product areas that tie into your positioning and brand image.
• Leverage with subcontractors. Subcontracting is one of the easiest ways to expand your services without investing in new staff or training.
• Leverage with a partner. Partnering with a complementary business is a big way for you to grow your business in many ways: expanded customer base, products, geography. But there has to be a good fit in terms of business practices, philosophies, image and products.

Do your homework first. Then see how you can leverage your existing assets to minimize risks and boost your success.

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Social media case study: Reading Terminal Market

by Audrey Julienne, Raison d’Etre|Relationship Marketing

Reading Terminal Market in Philadelphia is a popular market, located on 12th and Arch Street since 1892. Reading Terminal sells produce, meats, seafood, and is home to dozens of unique restaurants and merchants. As of right now, Reading Terminal wishes to focus their marketing initiatives on attracting Philly locals. They currently have a newsletter, Facebook and Twitter.

Following a talk with general manager Paul Steinke, I recommend the following to continue increasing locals interest:

Targets: Food (often self-proclaimed) experts will be our target of choice. To promote themselves and their secrets/opinions/experiences, food bloggers and foodies at large are avid users of social media outlets; and they already view the Reading Terminal Market as a destination for quality and variety.

Social media goals: Reading Terminal Market already has a substantial following on Twitter (approx. 2,700) and “Likes” on Facebook (approx. 8,800), our goal will be to make this audience more active and encourage them to share about their Reading Terminal Market experience, pushing the information to their network of followers/friends.

Strategy: Reading Terminal is unlike commonplace grocery stores because of its quality goods, historical roots and vast cultural and culinary offerings. To allow the best capture of the visual and sound richness of the Reading Terminal Market, we recommend focusing on the use of video medias. Those videos can be the support to sharing customer experience and behind the scene stories.

Tactics:

  • Produce a weekly/monthly video blog, which will be posted to YouTube, Facebook, Twitter and possibly a blog.
  • Create a video for each Reading Market event with testimonials and highlights (doesn’t need to be high budget) and establish a series like “A Day With [name the RTM merchant here].”
  • Share videos produced by influencers when not promoting own content.
  • Encourage customers to upload their own videos on Facebook and “like” one another’s videos.
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The personal touch of speaking

by Pat Rocchi, Pat Rocchi Communications

When counseling others on how to be successful as a speaker, my mantra is: “It’s all about your audience; it’s not about you.” That includes building a relationship with your audience members, before and after your presentation. Here are some actions that have worked for me.

Find ways to reach out ahead of time. I recently spoke to a group of people in career transition. The web-based sign-up system gave me information on each participant as they enrolled. I sent each of them an e-mail telling how much I appreciated that they had signed up, how much I looked forward to meeting them and how I wanted to serve their needs.

Be there as they arrive. I got to the event ahead of the audience to set up the room. As each arrived, I gave them a copy of my handout and engaged them in a short conversation. (Those who had received my introductory e-mail felt as though they already knew me.)

Say goodbye to as many people as you are able. At the end, I stood at the front of the room and shook everyone’s hands, thanking them for coming. I asked how the presentation met their needs, and I requested their feedback.

Reach out afterward, just as you do prior to the event. I sent a thank-you e-mail to everyone who attended. I personalized each message a bit, such as thanking someone for a particularly provocative question asked or for buying my book.

Forget starting your presentation with a grand, dramatic entrance, which are for rock stars, divas or ham actors. Instead, connect with your audience members more intimately. The more we do that, the more likely we are to meeting their expectations of our speeches and help them meet their objectives.

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Mystery shop your business

by Linda Rink, RINK Consulting

When was the last time you mystery shopped your business? In other words, pretend you are a prospect and contact your business for more information.

Make a habit of regularly checking on some important communication basics for your business:

• Is your website loading correctly (check both Internet Explorer and Mozilla Firefox)? Are the links working?
• Who answers “Contact Us” inquiries and how quickly? What’s the message?
• Pre-test all communications, especially of a promotional nature, that go out from your company. Ideally, have a third party read, test and react to them. And alert your staff that there may be calls coming in.
• Call your company’s main phone number and see what you get. A burdensome menu? An unprofessional receptionist? Infinite-loop voicemail? How about an automated company directory that asks you to spell out the person’s first and last name? Help!

Give up? So will your prospects. Make it easy and pleasant for your prospects and customers to reach you. Your business’s reputation and success depend on it.

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Designing successful newsletters

by Brigid Kaye, Creative Characters, Inc.

newsletter’s design has a big impact on reader reaction and often is the reason a reader is attracted to read in the first place. The design can also determine whether a reader will continue reading or move on. To be sure your design is successful, remember the 3 Cs of design: consistency, conservative and contrast.

Consistency addresses the format of your newsletter. If printing in black with an accent color, select a color palette and maintain it throughout each issue. If it’s an e-newsletter, use consistent color choices and don’t create a masterpiece of your own. Color is used to emphasize the message, not the message itself. Use an underlying grid to organize each page, story or section. If your newsletter is short (4 pages/stories or less), use the same grid for each page. Use templates and style sheets to control headlines, subheads and body copy.

Be conservative in the use of fonts and graphic elements, especially in a short newsletter. A good rule is to limit the number of photos, graphic accents or clip art to two per page. Pick a photo that means something. Random handshakes rarely say anything at all except, “I’m here to fill space.” Select one font for body copy and another for headlines, and use them exclusively. Stylize the two fonts with italics, bold, and condensed but do not introduce additional fonts.

Use contrast to direct the reader’s eye and to establish the hierarchy of importance. Headlines should contrast with body copy and with subheads. Drop caps, extra-large initial caps or an illustrated capital letter will draw the reader’s eye and create graphic interest. Use white space in the form of gutters please define and margins to lighten up dense body copy.

Improving the design of your newsletter will pay dividends in reader interest and accessibility. It can enhance the perception of your company. And it is one of the first things you can do to start developing your reputation as an expert in the community. A well-designed newsletter with interesting current topics is often passed along to colleagues or taken home to give to family and friends.

The more you can provide relevant content that’s current and interesting, the more prospect mind share you gain.

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Picture This: Using images in documents (part 3)

by Brigid Kaye, Creative Characters, Inc.

File formats for printed images
The best file formats to use for images that will be printed are:
For vector images: .eps (Encapsulated PostScript).
For raster images: .tif (Tagged Image File Format).

Vector images are constructed from mathematical formulas. This means that they are resolution-independent and can be scaled (resized) and manipulated (flipped, rotated, stretched, cropped, colorized, combined) with ease using programs like Adobe Illustrator and Corel Draw. This is an ideal format for the initial design of logos and illustrations and for clip art. It does not produce images like this one.

Raster images are composed of rows and columns of pixels (sometimes called a bitmap). Because raster images are hard to resize and manipulate, they reproduce best at the size and orientation of the original. Raster images can be cropped, colorized, converted to gray-scale or monochrome using image-editing programs such as Adobe Photoshop or Corel Paint Shop Pro. All photographs are raster images.

The .tif file format usually produces the best quality image from a digital camera. The other choice is .jpg (Joint Photographic Experts Group), a file format that has been optimized for continuous-tone full color photographs by incorporating file compression.

JPG compression looks at blocks of 8×8 pixels and selectively reduces the detail in each block. This maintains the physical size of the image, reduces the amount of space required to store it, but sacrifices the quality of the image. The extent of image degradation depends on the degree of compression (it is adjustable).

If you are editing or manipulating digital  photographs, work in .tif format rather than .jpg, since each new save in .jpg compresses the file.

The proprietary file formats .psd (Photoshop), .psp (Paint Shop Pro), .ai (Adobe Illustrator) and .cdw (Corel Draw) are good to use while editing images in order to have access to all the editing tools in the program. However after the image editing is complete, save raster images as a .tif file and vector images as an .eps file.

Use images successfully
For maximum effectiveness, any image you use in a document must reproduce well. This requires attention to the file format and adhering to production standards.

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Social media case study: Absolute Abstract

by Audrey Julienne, Raison d’Etre|Relationship Marketing

Located in Midtown Village, Absolute Abstract is a wall-decoration store specializing in frameless art, with a very diverse clientele and increased traffic as a main business goal. As of today, James McManaman and partner David White have put most of their online marketing efforts in building a customer data-base and a Facebook following.

After a short conversation with the storeowners, I would recommend the following to improve customer engagement and drive traffic to the store:

Targets: Focus the social media efforts on 2 main targets: Students & Empty Nesters. Those 2 audience segments have a very tech-friendly behavior in common and are more likely to engage on social networks.

Social Media Goals:
• Increase traffic to the store website and convert at least 1% of traffic into newsletter sign-up, Facebook Like, Twitter follow or blog subscription (see below).
• Monitor the web for art-related information and make content findable for the 2 main audiences.

Strategy: Bring the “decoration” experience outside of the store and into people’s houses. There is a very strong enthusiasm for home improvement and DYI deco stories; we recommend that Absolute Abstract surf on this trend and create a community of “home decorators.”

Tactics:
• Create a community based around decoration with customers, staff, partners, professional interior designers, partners, etc.
• Create an Absolute Abstract platform where experiences can be shared: follow a picture from the store to the wall, have professional interior designers help clients with picking and hanging their art and follow the process either with pictures or video, offer people to post a picture of their wall and have other community members pick which pictures to use…
• Use Facebook, Linkedin, YouTube, Foursquare, Twitter, the existing newsletter and a blog to engage, and promote each story and encourage sharing.

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Start your speech with a bang, not a banality

by Pat Rocchi, Pat Rocchi Communications

At a recent speech competition, all 7 contestants opened with rhetorical questions, such as “Who here has a dream?” and “Who here has danced?”.

I cringed. It was not simply because most of us danced, or because few will admit to not having a dream. No, as a speaking coach, I was put off by all the indistinguishable openings.

You get just one chance to grab your audience’s attention before they decide if you are worth their time. To have a strong start, pick one of the following ways to open:

  • An anecdote — Begin with a story not only to grab the audience’s attention but also to state the  thesis of your talk. When I recently spoke to a Baptist church, I told a story that ended in a humorous reference to the Psalms. The audience laughed, and  the story also showed that I understood their religious culture.
  • A bold statement — Go ahead, be strong. Grab the moment. In the 1964 speech that started his political career, Ronald Reagan opened by saying, “I have spent most of my life as a Democrat. I have recently seen fit to follow another course.”
  • A testimonial — Cite the opinion of an influential person to make your point. For example, many people say the deregulation of electricity in Pennsylvania creates new business opportunities. To support that position, you could quote Warren Buffet, who told Forbes magazine, “Energy deregulation will be the largest transfer of wealth in history.”
  • Startling statistics — Sheer numbers are not always enough. Frame them in a way that gives them life. To say that Facebook has 550 million users may be incomprehensible. Instead, cite Time magazine, which said “If Facebook were a country, it would be the third largest, behind only China and India.”

Now you can go on to introduce yourself formally, give your audience an overview of your speech, and then launch into it. A strong opening will succeed in seizing your audience, improving the odds they will be engaged as you serve their needs with your presentation.

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When the going gets tough, the tough do research

by Linda Rink, RINK Consulting

The automatic reaction to tough times is to reduce expenses and “hunker down.” And one of the first budget items to be cut is often research.

This can be very shortsighted. When your business is growing, it’s easy to keep on doing what you’ve been doing because it “works.” The need for incisive research may not be so evident. But when times get tough, you need to be more competitive, more strategic. Now, more than ever, you should arm yourself with the information that will help you stay ahead.

Don’t think you can find the money? Here are 6 tips to help you stretch your research dollars:

• Prioritize your information needs. Rather than arbitrarily cutting the budget by 20 percent, rank the planned research and spend where it’s most important.
• Look to the future. When the economic picture is brighter, will you be ready? Do your homework now, so that you can have a jumpstart when customers start spending again.
• Revisit projects that you put on the back burner and never fully examined. Chances are, some preliminary research has already been done. Finishing the market analysis might not be that expensive.
• Brainstorm new growth opportunities. Opening the door to fresh ideas from your staff, ad agency, customers – even suppliers – can move your business in a positive direction. Follow up with market research to test and prioritize the opportunities.
• Talk with your existing customers. Think about conducting an informal survey or one-on-one discussion to see what their current priorities and issues are.
• Analyze the profitability of your customer base to focus your marketing efforts for maximum return. Can you segment your customers based on characteristics such as industry, size or other variables? Spend your prospecting time where it counts.

Be smart about how you spend your time and your research dollars. The results will help you weather tough economic times – and stay ahead when the economy improves.

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Picture This: Using images in documents (part 2)

by Brigid Kaye, Creative Characters, Inc.

Image resolution
Image resolution is the amount of detail in an image, expressed as the number of pixels in the image. Resolution for digital cameras is often expressed as the number of pixel columns (width) by the number of pixel rows (height), such as 640 x 480. For printing, resolution is expressed as dots per inch (dpi), meaning the number of pixels in a linear inch. The more pixels per inch, the higher the resolution.

The most important thing to understand is the relationship between an image’s resolution (dpi] and its print size (actual width and height). For a photograph to reproduce well in print, it must have a minimum resolution of 300 dpi in print size. Such a file is termed high resolution (hi-res). In some cases a printer may be able to use a 200 dpi image but almost never a low-resolution (lo-res) file (resolution below 200 dpi), because there are not enough pixels to adequately represent the image.

Even if a file’s resolution is high enough, it still may not reproduce well if the image resolution doesn’t match the print size. If you ask a printer to enlarge the image to print in a bigger size than it was originally, the pixels that make up the image will move farther apart. This changes the number of pixels per inch, reducing the resolution. If the enlargement is significant, individual pixels may become visible, creating jagged edges in the image. This effect is called pixelation.

File size
The size of a file is determined by whether it is a vector or raster file and whether it is binary, gray-scale or color. File compression is a way of reducing file size without compromising image quality.

There are two compression methods:
• “Lossless” compression keeps all the pixels of the original image but finds more efficient ways to represent recurring patterns of pixels in the file. TIF is a common lossless file type.
• “Lossy” compression eliminates pixels from the original image that aren’t needed to maintain quality. Data is discarded (lost) during compression. JPEGs (or JPGs) are common lossy file types.

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Resolve to write a business plan

By Linda Rink, RINK Consulting

Many people think they don’t need a business plan or perhaps feel overwhelmed by the prospect of sitting down and developing it. They are doing just fine without one, thank you.

Here are 3 important reasons why you should have a written business plan:
• Do you have a short-term and long-term vision for your business? Is it articulated in writing? If not, how are you going to focus your efforts to make it happen?
• We all have limited resources. Spend your time and energy where you get the biggest return – and that takes some thought and planning.
• How do you judge success? If you don’t have a plan, how do you know if you had a successful year?

You may be surprised to hear that a business plan need not be lengthy or complicated. A short, focused plan is better than none at all. These 6 action steps will give you a basic plan:
• Write down a description of your business.
• Write down your goals for the next year. They should be a mix of financial and strategic goals.

Some examples are:
• Grow revenues by x percent.
• Increase client base by x percent.
• Grow profitability by x percent.
• Diversify into at least one new area or add one more new services to offer customers.
• Review where your marketing dollars went the previous year. Are you satisfied with the results? Where was your money best spent?
• Review your revenue sources/client list from the previous year. Which ones were most profitable? Most aligned with your goals for the business?
• Repeat for next year the activities you are happy with; set aside budget dollars accordingly.
• How do you want to grow next year? Refer back to your list of goals. What will you do to get there? Set aside budget dollars to fund tactics.

I promise you, just doing this written exercise will give you value: clarity, focus, hopefully some energy and enthusiasm going forward. These days, we all can use that.

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FUTUREdelphia includes cheesesteaks, sidewalk cafés

by Susan Perloff, SusanPerloffWrites

photo by susan perloffThe “State of the City” event that you read about in the April 27 Inquirer  was a CCPA event. We had top billing, above the Philadelphia Convention & Visitors Bureau, at the April 26 breakfast meeting, which attracted 200 business folks. We heard our city described as a pastiche of blue collar and blue blood.

In addition to the hot coffee, star attractions were
• Alan Greenberger, FAIA, Philadelphia’s director of commerce and deputy mayor for planning and economic development.
• Craig Ey, editor of the Philadelphia Business Journal.
• Ahmeenah Young, president and CEO of the Pennsylvania Convention Center Authority.
• Meryl Levitz, president and CEO of the Greater Philadelphia Tourism Marketing Corporation.
• Jack Ferguson, president and CEO of the Philadelphia Convention & Visitors Bureau.

When Greenberger presented the city’s sophisticated, intelligent master plan for the year 2035, I began calculating how old I would be then. I scattered my pastries creamers to the winds so I could survive. Did a pen-on-napkin calculation. Took a long time before my brain returned to the presentation. So my notes are scant. I learned that

  • In the 2035 plan, which uses the lovely term FUTUREdelphia, the central city spreads from Girard Avenue to Washington Avenue and West to include the University of Pennsylvania.
  • Philadelphia has the third-largest residential urban center in the country, following only Manhattan and Chicago.
  • The town of brotherly love has essentially the same size population as Adelaide, Barcelona, Milan, Munich and Prague – and needs to pull itself up to rank as a “world-class” place.
  • In the words of Levitz, key players in building the city over the last few decades have included 4 Rs: Willard Rouse, who dared build a tower taller than City Hall; Ed Rendell, 2-term mayor and 2-term governor; Rebecca Rimel, former director of the Pew Charitable Trusts; and Tom Ridge, former governor.
  • A third of the area’s jobs are in the fields of education, healthcare and medical education.

All participants received literature on tourism and conventions, and many people toured the new section of the Convention Center. Everyone left excited about the possibilities of FUTUREdelphia.

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Is Google AdWords a good investment for your business?

by Peter McEllhenney, 5G Health Marketing Group

Pay-Per-Click (PPC) advertising, like Google AdWords, is an effective way to advertise many businesses. These three questions will help you decide whether PPC advertising is a good choice for yours. 

1. Are your products or services well defined and specific? Pay-per-click advertising shows people ads relevant to the words for which they are searching.

For example, consider the fictitious accounting company, “Firm A,” which prepares income tax returns for individuals. Firm A could use pay-per-click advertising to show ads to people searching for “income tax help” or “income tax accountant.”

People using these search phrases are likely looking for help with their taxes. So PPC advertising could be an excellent source of “hot” leads. 

2. Do you have a short sales cycle? Google AdWords and other forms of PPC advertising are more likely to generate increased business fast if you have a short sales cycle.

Since Firm A offers relatively simple tax preparation services, they can earn new business with a single phone call or meeting. A well-designed PPC campaign that delivers “hot” prospects can have a significant impact quickly, as a result.

3. Is there a large market for your products or services? Like most forms of advertising, pay-per-click works better for businesses that need large numbers of customers or clients. 

Firm A is a good candidate for PPC advertising like Google AdWords because most adults need to file tax returns, and many of them want professional help preparing the forms. PPC advertising could help Firm A grow its business quickly.

Like any marketing tactic, you should use PPC advertising as part of a larger marketing strategy designed to help you meet your business goals.

One final tip: A good website is the essential first step to making PPC advertising work. Make sure your site clearly explains who you are, what you do and why people should work with you before considering Google AdWords or other PPC advertising.

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Can you read my mind?

by Linda Rink, RINK Consulting

Wouldn’t you love to read your customers’ minds?

Building your business depends on understanding your customers. It can be as simple as a phone call or as sophisticated as an online survey. There are many ways to tap into your customers’ thoughts.

So what’s the best way to get honest customer feedback? Here are some guidelines:

    • With your most important clients, a personal one-on-one chat in their office or over lunch shows you value their time and opinions. (If you suspect something is wrong, however, consider using a third party to neutralize the situation.) Consider hiring an objective third party, such as a professional market researcher or consultant, to do the interview to take the emotion out of it. 

    • Phone interviews can be an excellent way to gain insight and probe certain issues.

    • Online surveys are relatively inexpensive. They are best for multiple-choice questions, since you cannot probe too much. Also, limit the length to avoid respondent fatigue. 

    • Focus groups and customer roundtables are good options for assessing process improvements, new services or product ideas. 

    • Monitor social media if customer word-of-mouth communication is important for your business. 

    • Use a professional researcher to solicit the most honest responses from your customers. 

Unfortunately we can’t read the minds of our customers. But if we ask them in the right way, they will share what’s on their mind. 

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