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Tips for Shooting Better Marketing Videos

If you haven’t yet added videos to your marketing mix, you might want to start. Video drives traffic to your site, boosts sales and leads to fewer support calls. What’s more, 88 percent of businesses say video gives them a positive ROI. Think video costs too much or that you won’t be able to produce quality videos in house? We did, too. So, we asked world-famous photographer and director Michael Grecco for pointers. A former photojournalist, Grecco has published several best-selling photography books, and his clients include Steven Spielberg, Will Smith, Robert Duvall, Martin Scorsese, Janet Jackson, Mel Brooks, Lucy Liu, Morgan Freeman, Jet Li, Joaquin Phoenix and others. In other words, the man knows his stuff. Luckily for us, he’s happy to share his knowledge.

How to Make a Press Release Work for Your Business

Have press releases gone the way of phone books and QR codes? Or are they still effective for spreading the word about your latest company news? We asked journalists, PR pros and marketing experts to weigh in.

 

You may have heard that the press release is dead. Those of us in the communications industry have been hearing it for years, but the truth is, press releases—short communications that relay news—are very much alive. “Many reporters still prefer to receive press releases because they are the easiest way to understand the who, what, where, when and how of your announcement,” says Michelle Barry, a public relations strategist with Chameleon Collective.

Former news reporter Liz Jeneault, now a vice president of marketing with Faveable, agrees. “I believe in the power of press releases. When I worked as a reporter, I relied on them for story ideas.…They are chock-full of great information, and they’re a great jumping[-off] point for a story, especially on a slow news day.”

While press releases still have their place, it’s important to note that they’re evolving right along with the communications industry. “Press releases don’t have the same effect that they used to,” says Ronjini Joshua, owner and CEO of The Silver Telegram, a PR agency. “They are used more like fact sheets and reference points. They also are a primer for reporters to determine whether they want to create a bigger story out of the news.”

“A press release…should be viewed as one of many tools at the disposal of a company,” says Edward Yang, managing partner at Firecracker PR. “If your goal is to create an online profile with a history of official announcements that are picked up automatically by certain websites, press releases can do that. However, if you’re looking to generate original stories from reporters, the chance of that happening from a press release on a wire service is low.”

“Issuing a release over the wire can be expensive and doesn’t guarantee media coverage,” adds Barry. “The press release is only one small part of a larger strategy.”

So how do you use a press release strategically? The first step is to determine if your news is actually newsworthy. “Many clients want a press release for every new hire and promotion,” says Margaret H. Geiger, the owner of Twelve31 Media, a full-service marketing company. “This [information] may be important to the business internally, but news outlets wouldn’t consider [it] very newsworthy.”

What is likely to catch a reporter’s attention? “Grand openings, big events, nonprofit/charitable contributions and fundraising opportunities, new product launches and notable business acquisitions,” says Geiger.

Writing the Press Release

If you have an announcement that is truly worthy of a press release, there is a right way to go about crafting it. “Most companies organize their press releases using a completely wrong approach,” says Rafe Gomez, co-owner of VC Inc. Marketing, a public relations firm. “By not understanding the essential ‘rules’ that make a press release readable, interesting and usable, these organizations will have tremendous difficulty attaining the valuable benefits that a well-crafted press release can deliver.”

Besides sharing updates that are truly newsworthy, Gomez says companies should present the information clearly and concisely, and avoid hype. “Mirror the flow of a CNBC story rather than a QVC segment,” he says.

“Keep it under 500 words,” adds Barry. “Avoid jargon and buzzwords, and focus on customer benefits. Don’t make overinflated claims that you can’t back up with facts, and when it comes to quotes, ditch the fluff. Remove any quote that starts with ‘We are excited….’ They add no value.”

Besides these tips, be sure to format the release properly (search “how to write a press release” or view examples here). Include hyperlinks where relevant—two or three at most. You can also use images and video if they help tell your story.

Promoting Your News
Once you have a well-written, jargon-free press release, you need to promote it. “In an innovative industry like tech…every press release should be on a company website, on the internet more broadly, on tech blogs, on all your social media channels, and, if it is a major announcement like a funding round, on a paid press release distribution service,” says Andrew Blum, a PR consultant with AJB Communications. “Using a video to serve as a press release announcement is also a good way to go.”

You also need to pitch your news to reporters. (Simply hoping they’ll write a story after seeing your release isn’t a sound strategy.) What is? Doing your homework.

“Building relationships with media and news outlets is extremely important,” says Geiger. “Maintaining an up-to-date media list that is specific to your industry is key since the news world has a high turnover.” You can build these relationships by reading and commenting on industry blogs, following the trade press, connecting with influencers, and following journalists and editors who cover your industry on Twitter and other social media sites.

It also pays to be persistent. “Media personnel are busy, and some receive hundreds of emails a day,” says Geiger. “To get seen among the clutter, always follow up with a phone call. For bonus points, find their social media handles and reach out via direct message. They’ll appreciate the urgency and determination.”

“You never know what a reporter is looking for, so it’s important to keep sending them press releases,” says Jeneault. “Even if you don’t get a response the first or second time around, you might on the third. When I used to host and executive produce a weekly news program, I remember passing on one woman’s press releases several times until I finally received one that fit what I was looking for. Even though I had ignored her for months, her patience and persistence paid off. I booked two of her clients to appear on my show.”

Note, too, that your time might be better spent courting the trade press rather than the big media outlets. “The wider the market you’re going after, the harder it is to get press,” says Yang. “It is magnitudes harder to get a mention in a national mainstream media outlet versus in an industry-specific magazine. Yet the latter often offer the best opportunities to generate press if you can tailor your message for unique audiences.”

Press Release as SEO Tool
Besides helping you to engage reporters, press releases have a place in your search engine optimization strategy. “Establishing a strong brand position in Google and other search [engines] is important, if not critical, to most companies, and press releases serve as strong SEO and online reputation management tools,” says Eric Fischgrund, the founder of FischTank, a marketing and PR firm. “Releases that are well written, laden with keywords relevant to [your] business, and [that contain] links to important online assets are helpful for online branding.”

“With the rise of social media and digital marketing, press releases now are an invaluable resource for gaining organic backlinks, which are important in digital marketing, especially SEO,” says SEO expert Kenny Trinh, CEO and founder of Netbooknews. Like the other experts we consulted, though, Trinh cautions that focusing on backlinks is not enough. “Press releases will be effective only if the content is useful, newsworthy and done correctly.”

Go Beyond the Press Release
“Companies with a small marketing budget can make a large impact by investing their time and resources in PR,” says Olga Mykhoparkina, chief marketing officer of Chanty. “We’ve extensively used platforms such as HARO, Sourcebottle and JournoRequests. With just a few hours per day, we’ve been able to get massive exposure for our website, as well as a large number of backlinks (30-plus) every month, just by following what journalists are asking for and giving them the right information in time.”

You can also contact reporters directly. “I will only write a press release if the client asks for a formal release they can use on their website for SEO and/or content,” says Patricia Jones, founder of PJones Communications. “If a client wants me to generate news coverage for their product, service or industry, I craft pitch emails customized to the reporter or editor I am writing to. In the first sentence, I tell the reporter why the pitch is of interest to their audience. I don’t waste the reporter’s time, and I don’t waste my client’s resources by writing a lengthy press release that will most likely go to spam or get deleted.”

In addition to building your media list, create a folder dedicated to editorial calendars. This is a great opportunity to reach out to the editor and pitch based on what topics they’re looking for. —Margaret Geiger, owner Twelve31 Media

Serial Entrepreneur on Batteries, Balance, and How She Built a Global Business in Connecticut

As the demand for electric vehicles, consumer electronics, and grid energy storage systems continues to grow, so does the demand for safer, cheaper, high-performing lithium-ion batteries, which power most of these devices. The problem? Lithium-ion batteries are expensive to produce, have a history of exploding—one merely has to Google “Samsung phones exploding on planes” for more on that front—and have less capacity to store energy than do fossil fuels. Dr. Christina Lampe-Önnerud, CEO and founder of Cadenza Innovation, is solving these challenges and more. Her company, in which CI is an investor, has patented a battery architecture that is safer than existing designs, creates greater energy output, and is cheaper to produce. CI caught up with Christina recently to learn more about her company and her experience running a global business right here in Connecticut.

Connecticut Innovations: Thank you for agreeing to talk with us, Christina. You have an impressive background. (Among myriad notable accomplishments, Dr. Lampe-Önnerud patented a material to increase the power of lithium batteries while still a doctoral student, and later became one of management consultancy Arthur D. Little’s youngest partners.) What drew you to the startup route?

Christina Lampe-Önnerud: I am no stranger to big companies, and have been part of the leadership team of multiple large organizations with operations in multiple countries. [Dr. Lampe-Önnerud was a director and senior scientist at Bell Communications Research and later served as a director and partner in the Technology & Innovation Practice of Arthur D. Little before founding Boston-Power in 2005.] Bridgewater Associates, an investment management firm in Westport, brought me on in 2013 as part of its senior management team, which is how I ended up in Connecticut. I started Cadenza because when you have ideas that go outside the norm, it’s really advantageous to be laser-focused on stress testing the idea, which you can do at a startup. By forming your own company, you have the ability to commit to that idea, finish that idea, and find out if it works.

CI: What is Cadenza’s team focused on today?

CLO: We’re providing battery storage, which is one of the building blocks of the future. We live in unprecedented times, and those of us who have experience [in energy and related industries] are hearing an innate call to action: “Let the data speak, lock hands, do good, and do well.”

Today, individual consumers can generate and store power, but there is room for improvement in battery technology. At the other end of the spectrum, utilities are getting better at managing peak shaving—batteries are a very cost-effective solution here—to improve efficiency, lower costs, and reduce their carbon footprint. More predicative behavior in batteries is a cornerstone of the future. We’re having a lot of discussions with federal agencies and others. [Everyone’s looking for] the cheapest, highest-performing, safest batteries. At Cadenza, we get credit for our tech innovation, but this is also about business innovation. There’s a mega trend of new energy coming on to global markets, a real-world win-win.

CI: You have experience building companies with impressive global reach. Can you share the strategies that enabled you to expand internationally?

CLO: I relied on my personal relationships. I’ve always been in an international environment solving global problems. Even early on, at MIT [doing post-doc work], I enjoyed a super international environment. I learned that people would bet on you if you have something real. I also learned that you can be nice and tough at the same time.

CI: You’re a successful entrepreneur and a sought-after speaker, yet you still make time for music. Do you have tips for balancing your personal life with the demands of running a company?

CLO: Well, I wanted to be an opera singer but my parents made the choice for me to pursue academics. I don’t have any tips, but I do have a great life. Along with running my company, I’m in Silk’n Sounds, an all-female a cappella group. The music really forces me to be present.

CI: Cadenza’s success is certainly impressive. Leading manufacturers in China and Australia license the company’s technology to power buses and cars; the U.S. Department of Energy awarded $4M to Cadenza through its ARPA-E program so it could further develop technology for the electric vehicle market, and the company already has 15 partners, among them ABB, Alcoa, and UConn. What’s next?

CLO:  We were recently awarded funding for a demonstration project to further New York State’s nation-leading clean energy goals and support Governor Andrew M. Cuomo’s energy storage target of 1,500 megawatts by 2025. The New York State Energy Research and Development Authority (NYSERDA) is funding the initiative, which will be located at the New York Power Authority’s (NYPA) headquarters in White Plains.

CI:  What do you like about Connecticut as a place to start and grow a business?

CLO: From the flowers to the weather to the ocean, Connecticut is just beautiful, plus, people are kind and helpful and it’s a great community. Aside from the stunning ecosystem, Connecticut Innovations is an amazing partner. Pauline Murphy [a senior managing director at CI] has been so supportive. We tell her we have an idea and she says, “Interesting,” and we go from there. Plus, she’s made invaluable connections for us. The Connecticut Angel tax credit program is great, too. [Through the program, angel investors who invest at least $25,000 in a Connecticut startup in approved sectors receive an income tax credit equaling 25 percent of their investment.] Connecticut is a great place to be.

CI:  It’s been really inspiring to hear about Cadenza Innovation. Thanks for your time, Christina.

CLO: My pleasure.

Disengaged Employees Are Holding You Back. Here’s How to Deal.

You’ve seen it before: A once promising employee stops taking initiative. Spends far too much time scrolling through Facebook. Constantly calls out sick, and is nowhere near reaching the goals you agreed on. As a manager, can you turn a disengaged employee around? Should you bother? Read on for advice.

First things first: What is employee engagement?

According to CustomInsight, a leading provider of online HR assessment and development tools, employee engagement is “the extent to which employees feel passionate about their jobs, are committed to the organization, and put discretionary effort into their work.” (Don’t confuse employee engagement with employee satisfaction, which merely indicates whether your employees are happy.)

So how does an employee become engaged—or not? “Studies show work engagement is influenced by three primary psychological states: meaningfulness, safety and availability,” says Zach Mercurio, Ph.D., a faculty member and researcher in the department of psychology at Colorado State University. “Psychological meaningfulness is characterized by an employee’s knowledge and belief that what they do is positive, purposeful and significant. Psychological safety manifests when employees perceive they can speak up about new ideas or concerns without fear of retaliation or [damaging their] reputation. Psychological availability means employees have access to the resources they need to do their job. When these three things occur, engagement usually follows. But there’s a catch. If the demands of the job (i.e., time and tasks) outweigh the resources one has to maintain energy for the job, burnout and disengagement can follow.”

Since engagement is not always easy to measure, you might want to rely on more than just observation—your own and others’—to assess a particular employee’s situation. “Employees have different personalities,” says Lilia Stoyanov, CEO of Transformify. “Some may be more enthusiastic and outspoken than others but not necessarily more engaged.” Stoyanov suggests measuring engagement via 360-degree peer reviews and surveys, met deadlines, and the employee’s voluntary enrollment in internal training and other activities that are encouraged by the company.

Addressing disengagement

If you’ve noticed a troubling pattern that lasts more than a few weeks, talk to the employee right away. “Too often we fall into a bad habit of talking about our employees with managers and coworkers when it would be just as easy (and a lot more useful) to talk to them,” says Jason David, CEO of Software Portal. There may be an easy way to remedy the disengagement and pull them back in.”

“It’s not uncommon for employees to have weeks that are just off, [so] discussing it with them is a good way to make sure it doesn’t become a trend.”
It’s not uncommon for employees to have weeks that are just off, [so] discussing it with them is a good way to make sure it doesn’t become a trend, adds Alexander Kehoe, co-founder and operations director at Caveni Digital Solutions. “It’s unhelpful to discipline an employee if they are in the middle of something in their personal life that could be hurting their performance. The ebb and flow of productivity are perfectly normal, and getting to the bottom of why an ebb is occurring should be your main concern.”

Chuck Mollor, an executive leadership coach, agile management expert, and founder and CEO of MCG Partners, agrees that talking to your employee is a good first step, but cautions managers not to assume the employee is disengaged. “Leaders who notice a change in an employee should start with a sit-down meeting, informally and privately with the employee, to ask how they are doing. If they respond that everything is fine, it’s your opportunity to offer specific observations describing how they may be showing up in meetings, responding to questions, their recent level of activity, team participation, energy level or performance. The purpose is to not accuse them or make them defensive; this should be a conversation of concern and empathy.”

Ellen Mullarkey, vice president of business development at Messina Staffing, stresses the need for a calm, relaxed environment for the discussion, one “where the employee feels comfortable speaking freely.” Like Kehoe, Mullarkey advises leaving performance out of the first conversation. That way, there won’t be tension, and the employee won’t feel reprimanded, she says.

If you’re unsure how to begin the conversation, Leesa Schipani, SHRM-SCP, a partner with KardasLarson, advises asking the following:

  • What motivates you to stay with the organization?
  • Why do you want to succeed in your role?
  • Which aspects of our culture work for you? Which do not?
  • If you were your own manager, how would you manage yourself?
  • How can I help you have a more rewarding experience each day?

During the conversation, “you need to be prepared to hear some negative things about the organization and your leadership style,” Schipani cautions.

Robert Moses, founder of The Corporate Con/noisseur, agrees. “When we measure engagement, we do so by asking our employees for their honest feedback. But this only works if you can create an environment of openness and one without fear of retribution. By being open and honest with our staff, we get the same courtesy back,” he says.

Once you’ve identified the root cause of the problem, you can begin to remedy it. “If a personal issue is distracting the employee, he or she should be referred to an HR support function for employees who are facing personal or family issues,” says Irv Goldfinger, managing director at Actualize Consulting. “If the root cause is job related, identify whether it’s the employee’s assignment, the clients that the individual must deal with on a daily basis, an issue with other team members, or challenges with colleagues or a supervisor. Once the cause is identified, a formal program for resolution should be drafted in conjunction with the employee and his or her supervisor.”

Performance improvement plan or termination?
If you discover that your employee is disengaged from the job and not just going through a temporary rough patch, you’ll have to determine whether a performance improvement plan is the logical next step, though the solution may be even simpler. “Depending on the factors driving the lack of engagement, the employee could be assigned to a new project, moved to a different team, etc.,” says Stoyanov.

“Determine whether [the employee] understands the work and finds it useful,” says Rich Franklin, founder and president of KBC Staffing. “Then, figure out if they have a good relationship with their manager and whether they are able to communicate with him or her. Once you have these answers, tailor your solution. Telling someone to become more engaged is probably not going to help. It’s equivalent to telling someone to feel better when they have the flu. You need to be clear that there is a problem and lay out a clear set of guidelines for improvement. It’s important that your employee knows what needs to change and by what date.”

“If the employee has quality characteristics and a decent attitude, and is coachable, it’s in everyone’s best interest to put a mutually agreeable plan [in place] for specific areas of growth,” says Tracy Washington, a Certified Leadership Engagement Consultant and author of Relationship Leadership: How to Strengthen Relationships to Build More Trusting and Effective Teams.

A performance improvement plan doesn’t always make sense, though. “You don’t want to put an employee on a performance improvement plan when they clearly don’t want to work for your organization,” says Schipani. “At that point, help them transition out.”

“There are times when termination is appropriate, in cases of sabotage, lack of team collaboration, or [an employee who] is toxic to the culture,” adds Washington.

“Actively disengaged people will sabotage your business and your team. They look for ways to undermine you and destroy the organization. Don’t try to fix these people. Terminate them immediately.”
“There’s a difference between being disengaged (apathetic) and actively disengaged (destructive),” adds Bryan Zawikowski, vice president and general manager at executive search firm Lucas Group. “Actively disengaged people will sabotage your business and your team. They look for ways to undermine you and destroy the organization. Don’t try to fix these people. Terminate them immediately. There is hope for disengaged associates, but don’t let it fester. Deal with it privately and directly. Explain that you have noticed the behavior change—be specific—and ask them why. Don’t let them get away with a simple apology. Once you find out what’s driving the disengagement, you can take appropriate action to get it turned around.”

“If you feel the employee has the potential to turn it around, have an open, honest and courageous dialogue,” says Mollor. “They need to understand the gap between where they are and where they need to be. If an employee does not demonstrate they can do their job effectively or improve performance after feedback, coaching and development, or they do not consistently demonstrate the appropriate values and behaviors of your organization and culture, then terminate them. The longer you procrastinate, the longer your morale and overall team performance may suffer.”

What about your A-players?
Speaking of morale, you need to consider how the actions of a disengaged employee and your reaction (or lack thereof) are affecting your top performers, who may be annoyed that they’re required to compensate for their teammate’s lack of effort. “Sometimes all it takes to smooth over ruffled feathers is to let them know that you aren’t oblivious,” says David.

You can keep your A-players motivated by giving them complicated assignments and sponsoring their continuing education, says Stoyanov. “By default, A-players are bright people eager to learn and develop.” Financial incentives are also key. “Performance bonuses are a great way to encourage good performance and differentiate the A-players from those who aren’t pulling their weight,” she says.

You can also stress to your top performers that not everyone is cut from the same cloth. “Remind your A-players that the world is not created equal and not everyone is on the same level as they are,” says Mollor.

“If [top performers] come to you with complaints, assure them that you’re addressing the problem,” says Mullarkey. “Talk to them, and use their input to steer your course of action. You shouldn’t share any information with them about their coworker’s improvement plan, as it’s not their business, but you should let them know that you take their input to heart and that you’re working on rectifying the issue.”

Zawikowski puts it a little more bluntly: “A-players who are fully engaged recognize those lower on the engagement ladder and need to see their leader doing something about it or they won’t stay around.”

Adds Washington, “A leader must demonstrate the ability to confront the under-performing employee in a timely manner or risk losing their credibility and the respect of the team.”

Create a culture of engagement

Perhaps the best way to combat disengagement is to try to prevent it in the first place. You can accomplish this by making sure your employees know what the company is working toward and how they contribute—and why it all matters. “The root cause of disengagement is misalignment between the individual’s values and the corporation’s core values,” says Sergei Brovkin, an executive coach and facilitator with Collectiver. “If the employee’s core values are misaligned with the company values, whether declared or implicit, make the person available to the job market. Letting go is not a bad thing if a person is a good specialist: he or she will find a more engaging job elsewhere. Keeping a toxic person (and that’s what disengaged people really are) in the company because of some special talents is usually a bad idea, especially if the company is small.”

Communication is critical, too. “Poor communication impacts employee engagement by making team members feel removed from decisions and devoid of any sense of ownership,” says Carlos Castelán, managing director of The Navio Group. “In many ways, poor communication, or a lack of communication, is worse than conflict because it signals to someone that they’re not valued enough to be included. Poor communication can lead to role ambiguity as well as heightened stress because of a lack of feedback, which ultimately leads to talent drain or other symptoms of low engagement.”

Create a culture of truth-telling, says Jim Haudan, co-founder and chairman of Root Inc., and Rich Berens, Root’s CEO. The co-authors of What Are Your Blind Spots? also caution managers not to assume people will share their real opinions. “Often, people don’t think it’s safe to share their thoughts with leaders, and so they whisper in the halls and commiserate during happy hours. This is an engagement killer. Welcome honesty, ask for real feedback and work together to make adjustments so everyone feels a part of the decision-making and is on board with the plan. That’s how you create true engagement.”

“It has become increasingly important for employers to find ways to engage and show appreciation for their team members, particularly against the backdrop of one of the hottest job markets in recent memory,” says Castelán. He says businesses can show appreciation through an empathetic approach in their culture and recognizing employees for a job well done. “Critical to being empathetic is updating work policies that reflect the changing nature of work such as flexible work schedules and, for example, allowing work from home. Building a work culture that reflects an understanding of the realities of the modern age is important to attracting the best talent.”

“On the recognition side, providing regular feedback to employees—particularly stars—and then showing gratitude via recognition is important,” Castelán says. “Recognition should be done in a way that’s memorable or unique versus a blanket approach like a generic plaque. Employees want to feel unique and valued, so thinking through recognition that is personalized is important.”

How do you create a culture of engagement at your company? Join the conversation on @CT_Innovate.


 A Five-Step Plan for Turning Around an Employee Who’s Disengaged

  1. Address the underlying issue. At the heart of disengagement is an underlying issue that is allowing the employee to feel this way. We look to have open, transparent conversations with all employees to address their satisfaction and engagement with what we do.
  2. Formulate a plan. The next step is to work directly with the employee to set up a plan of action. Find topics and projects that truly interest the employee. We push to have the disengaged employee become an active member in projects they are passionate about.
  3. Remove barriers to unhappiness. All disengaged employees are unhappy about something, so we look to see what external stressors are influencing the employee’s mood. Whether it’s their commute, their feelings of being overworked or a personal issue, we try to work with them to ease those external influences.
  4. Encourage happiness. It sounds cheesy, but we push our employees to engage in happy, relaxing activities. Whether it’s a 30-minute walk outside or a weekly lunch provided by the company, we try to give all our employees something to look forward to.
  5. Show direct impact. The last, but most important, step is to show impact. Disengaged employees may not [recognize] the impact of their work, so we show them how their work and actions influence the larger picture and provide value to our users.

—Robert Moses, founder of The Corporate Con/noisseur

How the Finance Industry Can Use Local SEO to Its Advantage

navigating map on tablet

Photo courtesy of Pixabay via Pexels.com

Do you work in the financial industry? It’s very competitive. In fact, 50 percent of financial analysts in a class drop out by the time they reach the associate level. Moreover, selling financial products is even harder due to the high targets, and with millennials preferring to save money rather than invest it, the market is quickly becoming scarce.

Don’t be discouraged! There are many ways you can gain an advantage over your competitors. One of the best ways to do so is through local search engine optimization (local SEO).

What is local SEO?

For many of you who work in financial institutions and markets, this could be the first time you have heard of local SEO. Let’s quickly discuss what it is to give you a better idea of how it can help you gain an advantage.

Local SEO optimizes the content of your website and/or social media platforms so they will rank better in search engines for a local audience. It’s a great way for financial advisers and other industry professionals to promote their products to people who are geographically near to them at the exact time they do a local search. According to Propelrr, the case study suggests that five out of 10 local ‘near me’ searches are in the financial industry. That’s a huge potential for the finance industry to penetrate the digital landscape.

tablet and keyboard

Photo courtesy of Pixabay via Pexels.com

What are the benefits of local SEO for your financial business?

Wondering how local SEO can help your financial business? Take a look at this list of benefits the financial industry can get from local SEO.

1. Better visibility in search engines – When you search online, have you noticed that you seldom go to the second page of the results? Do you know how many online users do? Only 0.78 percent!

Local SEO makes it easier for people to see your business online. The higher your site ranks in search results, the better the chance that your potential customers will see you.

2. Increased online and foot traffic – When people don’t see your business, they can’t come to you. Local SEO strategies will help put your business out in the open. Business owners can expect an increase in online and foot traffic if they execute their strategies correctly, especially if your business name, address and phone numbers (NAP) are up to date and consistent across all channels. Keeping your NAP updated will help build online consumers’ trust in your business.

3. Better brand authority – Did you know that businesses that get the number-one spot in a search engine get 32.58 percent of online search traffic? That’s because links/websites on the top spot of the search engine results page (SERP) are considered an authority on whatever it is a user is searching for. And because your business is seen as the authority, it will get a huge chunk of online visits.

4. Google My Business (GMB) page optimization increases map visibility – Want people to know where your bank’s branch is? A great way to inform people of your bank’s location or office is by optimizing your GMB page. The GMB page is usually shown at three locations online: (1) Google search page, (2) Google Maps and (3) most online listings, like Google, Bing or Yelp.

People will get to see your business name, address and phone number (NAP). The information is used by Google to display in searches and maps, making it easier for potential customers to visit you or send you a message. Just make sure that your details and business category are correct so that Google won’t penalize your business by losing organic search visibility, traffic and revenue.

5. Increases your website’s rank in search engines – Google assigns human evaluators to check if your site is to their standards. You must optimize your content locally for your website and GMB page. Your rank in search engines will go up if your local SEO strategy is executed correctly. What this means for a financial business like yours is that your website and business are easier to find and/or discover by first-time and returning customers.

6. Local SEO reaches customers who are in need of your service – Unlike paid ads that intrude on the user experience, local SEO organically reaches customers who are in need of your financial service. Your business can be presented first to a person who has done an online query searching for a service similar to yours. It’s an efficient and cost-effective method of getting more reliable conversions, as well as building an online reputation and domain authority.

7. Local SEO is 100 percent free – Unlike running paid ads on social media platforms, local SEO is basically free. Setting up your GMB page is free, optimizing your content is something you can do using the many free online tools, and keeping your NAP consistent across all platforms is free. Anyone working in a financial institution should realize that this is a good deal that can help you earn big.

stack of books

Photo courtesy of Pixabay via Pexels.com

8. It’s easy to learn – SEO, in general, is relatively easy to learn compared with the number-crunching a financial business does. Moreover, hundreds of blogs offer free resources to learn how to do SEO. If you’re worried about financial institution regulations, well, local SEO is the future of the digital world, and Google takes care of those who break their rules by imposing penalties to sites.

9. Social sharing – Local SEO provides possibilities to build partnerships with other businesses through backlinks and social sharing. Such partnerships help both your financial business and your partner. The more partners you get to cite your websites, the better it is for your business and for theirs.

10. Increase in repeat business – As mentioned, local SEO builds trust in Google and your customers. And if you provide great customer service and value to them, the trust you’ve earned will turn into repeat customers and, of course, more profit for your business.

Local SEO is clearly a great bargain (especially considering it’s free) for the many benefits you can get out of it for your business. These benefits should convince you to update your website and GMB page as soon as possible to reap the rewards of local SEO.

 

Guest article by:
Jason Garcia
Blogger and Business Manager
www.investmentdad.com

How to Write a Killer Survey

checklist illustration

How to Write a Killer Survey

 

Customer feedback is critical, and surveys are a great way to get it. But how do you craft a survey that will deliver the actionable results you’re after? Experts offer their best advice.

 

THE DIGITAL MARKETER SAYS…

“Make it accessible. We live in a survey-polluted world. Every time you visit a shop or receive a service, chances are you’ll receive a survey about it. It’s great that you have a voice, but with the high volume of surveys people receive, surveys have become more of a nuisance than a privilege. That’s why it is insanely important to make the survey extremely accessible to the consumer. Don’t make the consumer go to a bunch of sites, create an account and fill out a hefty survey. Try to cut down as many steps as possible.

“Make it short. I know you’re dying to find out every bit of information you can from a consumer, but chances are if a consumer opens a survey that’s pages long, he or she is going to exit right out of it. Make the survey as short as possible—five to seven questions tops! Also, see if you can make it multiple choice or selection based, because if consumers see a bunch of lengthy text boxes they’ll also exit out. Always give the option for a customized answer if the consumer feels passionate about your service/business.

“Make it polished. As silly as it seems, make sure your survey looks polished. A survey is an extension of your brand. Consumers should feel impressed no matter what stage of your marketing funnel they’re in.”

—Ciara Hautau, lead digital marketing strategist, Fueled

THE UX (User Experience) DESIGNER SAYS…

“The biggest reason people don’t complete surveys is that they’re too long. Unless you are reimbursing [respondents] for their time, you want to keep the survey short, with a maximum complete time of five minutes. Show them how much progress they have made so they can see how much is left. It’s frustrating going through the steps of a survey and never knowing how many [questions] are left.

“Consider offering an incentive, such as a prize draw for gift vouchers. You don’t have to offer huge sums of money. Fifty dollars can be enough to increase completed survey rates by 10 percent.”

“Be consistent in your rating scales. If you use ‘1 = terrible’ and ‘5 = amazing,’ stick with this in all of your ratings.”—Paul Manwaring, UX consultant, Outsprung

THE BUSINESS CONSULTANT (WITH A MASTER’S DEGREE IN PSYCHOLOGY) SAYS…

“Most businesses use Likert-type surveys—those that ask if you agree, disagree, somewhat agree, somewhat disagree, etc.—without knowing what these are or how to do them properly. Please stop doing this. [You] get bad data, and [the results] don’t say what people think they say.

“True Likert surveys need five to eight questions to answer one topic. If you aren’t going to ask that many questions, I recommend at least two, with only three options for answers: agree, disagree, undecided.

“Likert’s brilliance was that he realized most people avoid demonstrating strong opinions. These are socially unacceptable. So people tend to mark the middle, which is why Likert put ‘undecided’ in the middle. This answer removed people’s [response] since they had no opinion. Next, some people will fudge and just mark all the answers to the far right (strongly agree) or far left (strongly disagree). Having a positive and negative version of a question (‘I enjoy shopping at Wal-mart’ plus ‘I do not enjoy shopping at Wal-mart’) removes noise because they cancel each other out. That left Likert with real responses.

“If you only use two questions, you really only need agree/undecided/disagree. This is why Netflix only has a thumbs up and thumbs down. Thumbs up is positive (agree), and thumbs down is negative (disagree). When you don’t rate a film on Netflix, it counts as undecided. Netflix only factors in the movies you rate positively and negatively. That’s all you really need for a customer survey. Amazon’s five-star reviews are an example of Likert in action too. Amazon uses these to help decide what to sell you, so think about that the next time you write a review!

“Next, we get into what you want to survey for. If it’s for product development, that’s usually a bad idea. Customers don’t know what they want. Most people didn’t realize they needed a television or radio. After all, they had books. Apple took a chance on smartphones, and look at its market share now. Heck, look at the iPod and how it revolutionized the music industry.

“If you want to develop a product or service, solve a problem. And survey for problems. What bothers people? What do they hate doing? What are they doing now that your product will do cheaper?

“As for length, shoot for no more than 20–30 Likert-type questions. People will spend more time and do a better job on surveys if they are paid, due to a sense of fairness. You also get more honest responses if they put their name on the form versus doing it anonymously, unless the topic is embarrassing. Avoid open-ended questions, and if you have them, you need five or fewer.”

“Finally, listen to your customer support people. They know what people do and don’t like about your product. Customer service call center databases have some of the best open-ended discussions a company can get their hands on. The reasons people call will help optimize products and can create efficiencies elsewhere. Along those same lines, you get more valuable feedback from fan clubs than you get from focus groups. So start a fan club, don’t hire a focus group. Fan clubs love your product and want it to be better. They are more invested than focus groups.”

—Anthony Babbitt, MS, MCSE, business consultant

THE BUSINESS STRATEGIST SAYS…

“When it comes to creating customer surveys, the key is to learn what the customers’ pain point is. Ask, What problem are you trying to solve? Keep this question open ended. By allowing customers to use their own words, you not only gain insights into how they see the problem (as opposed to your assumption of the problem), you also get verbiage you can reuse in your marketing to create an emotional connection. Another key question (that should also be open ended) is what their dream solution to this problem is. This gives you an insight into what your customer is looking for.

“When writing the survey:

  1. Use qualifiers. Not everyone you are speaking to or who is willing to answer your survey is your ideal customer. Using conditional logic, the first few questions should ask information that confirms that you are speaking to your ideal customer.
  2. Think about UX design. This is often an overlooked piece and can contribute to how many responses you get. The survey doesn’t need to be a beautiful piece of art, but it should be easy to use.
  3. Unless you only have a handful of questions, don’t put all your questions on one page. This can be overwhelming to the user and may limit the number of people who are willing to fill out your survey.
  4. Only ask the critical questions. This is not the time to ask every question that you want an answer to. Ideally your survey should take less than four minutes to fill out. If it takes any longer, not only will the number of responses go down, but the quality will too.

“Software and tools don’t need to be complicated. A free tool such as Google Forms works just fine. To help the business later on, capture emails in this process.”
—Kat Rosati, business strategist, Apparel Booster

What We Learn From Kids That Makes Us Better At Work

boy in tree

On the fourth Thursday of each April, Americans take their kids to work. Not only is this a learning experience for our children, there are many professional takeaways for parents too.

Our CEO, Matt McCooe, recently wrote a piece for Chief Executive that explores ways professionals can utilize effective parenting strategies to improve workplace experiences. Fostering a positive workplace culture can be a challenge, and special occasions such as these can provide fresh insight into ways to make meaningful improvements. What will you bring away from take your child to work day?

Read article here.

Connecticut Entrepreneur Talks Marketing, Sales and Why Big-Company Experience Doesn’t Work at Startups

brainstorm sketch on wall

Dr. Steve Shwartz is co-founder and executive director of Device42, a Connecticut Innovations portfolio company that was named the fastest-growing tech company in Connecticut from 2015 to 2017. (Device42 was acquired in early 2019 by a private equity group.) He’s also a serial entrepreneur, investor, patent holder and author of a book on artificial intelligence, and has participated in multiple IPOs and exits over the course of his career. In other words, Steve is exactly the type of entrepreneur one can go to for insight and advice. We caught up with Steve recently to get his take on hiring, marketing and why Connecticut is a great place to grow a startup.


Connecticut Innovations: Thanks for agreeing to talk with us, Steve. You have an impressive background as both an entrepreneur and an investor. Do you think there is a certain personality type that chooses the startup life instead of, say, working for an established company?

Steve Shwartz: Over the years, I’ve discovered that when I hire someone with only large company experience into a startup, they nearly always fail. Here’s why: First, people in large companies make decisions slowly. Decision-making [there] tends to be a very bureaucratic process. Startups can only succeed against established companies if they are nimbler. As a result, decisions in startups have to be made quickly. Big companies create committees that take forever to reach a conclusion. In startups, decisions are often made on the spot by individuals or in impromptu meetings that might last a half hour.

Second, jobs in big companies tend to be narrowly focused. Tasks are well defined, and anything outside an individual’s focus area is done by someone else. To some degree, in a startup, everyone does everything.

Third, in a big company, no one sticks their neck out or takes risks, because a mistake can get you fired. In a startup, mistakes are—or should be—expected and tolerated. Learning from mistakes is one of the ways startups find their way.

Finally, every employee in a startup has a significant impact on the company’s success. Therefore, it’s very important for startup employees to be highly motivated by that success. In a big company, an individual employee has virtually no impact on the success of the company. Too, employees at large  companies are often motivated by political gain rather than company success. Politicians coming into startups discover that the other employees quickly start to ignore them.

CI: Why did you choose the startup route?

SS: I got into startups accidentally. I had moved to the New Haven area to be an AI—artificial intelligence—postdoc at Yale. Roger Schank, a well-known AI professor there, decided to start an AI company and convinced me to be the first employee rather than pursue an academic career. I’ll always be grateful to him for that advice and opportunity.

CI: Why did you found Device42? What was the problem you saw that needed solving?

SS: I didn’t start Device42. It was started by Raj Jalan, and I joined him shortly thereafter as a co-founder. Raj had been a data center consultant helping customers perform digital transformations. Back then, it meant helping customers move to server virtualization and/or new blade architectures. Raj would ask his customers how all their IT assets, such as servers, network components and applications, were interconnected, but no one ever knew, so he would spend 60 percent of his billable hours figuring it out. He felt there had to be a better way, and that was the genesis of Device42.

CI: You’ve been at the company more than seven years. How drastically has it changed since you founded it, and what has been the biggest challenge so far? (And how did you solve it?)

SS: Raj and I started out by renting a desk at The Grove coworking facility in New Haven. For two years, we were a two-person company with a few offshore resources. We wrote code and sold systems over the internet. By the end of 2014, we had 80 customers in 20 countries—and had never met any of them. That was when we raised our Series A funding round led by CI.

For the first couple of years, we spent nothing on marketing. It was all organic search engine optimization; customers would find us via Google Search. Following the Series A round, we started buying Google AdWords, and that was our primary marketing focus for this past four years. Most of our customers came in through this direct channel. However, we were mostly attracting individuals and small teams in the IT department, and our average subscription sale was relatively small.

In order to continue doubling revenues every year, we realized that we couldn’t continue to rely on small sales. So we developed a channel program in which large global system integrators use our product to service their large customers. 
We had to do a lot of trial and error to find the right formula, and we were fortunate to have two very capable channel sales vice presidents who established the relationships.

CI: You have an impressive blog, with frequent, informative posts. Does the blog drive new business? What goes into managing the channel?

SS: We don’t have a lot of hard data on the effectiveness of the blog posts. However, my suspicion is that the blog posts have a much bigger impact on existing customer satisfaction than on customer acquisition.

CI: How else do you market the company’s products and services?  

Steve ShwartzSS: Oddly enough, we’ve had a lot of success without doing any marketing other than inbound marketing through Google AdWords. We just hired a vice president of marketing whose job will be to develop new marketing channels such as trade shows and analyst relationships, so stay tuned.

CI: What do you like about Connecticut as a place to start and grow a business?

SS: I’ve started a lot of companies in Connecticut and think it’s a great place to start a company. There are fewer qualified people for hire, but there is also less competition. There are also a lot of people who commute into New York City who are very happy to stop commuting for the right job.

CI: Thanks for your time, Steve.

SS: My pleasure.

Is Your Content Dusty?

dusty files

Is Your Content Dusty?

 

We’re all for holding on to threadbare t-shirts, despite what your significant other might say. But old website content? Not so much.

 

Chances are, you’ve created dozens or even hundreds of pages of website content since you launched your business. Product descriptions, landing pages, blog posts, videos, press releases—they’re all there to inform your audience, drive traffic to your site and sell your product or service.

But this information can get stale. And stale content can hurt your business, because poorly performing content—content that doesn’t answer your customers’ questions, contains information that is duplicated on other pages or has very little information Google’s algorithms find useful—can negatively impact your search engine rankings. That’s a bummer, because it means your customers and prospects will have to dig to find you online. And chances are they won’t. Statistics show that somewhere between 71 and 92 percent of clicks occur on page-one results.

If it’s been six months or more since you reviewed your content, it’s a good idea to conduct a content audit. It’s time consuming, but at the end of the exercise, you’ll know which content to keep, which to update and which to delete or redirect. You’ll also be able to identify gaps in your content—information your prospects and customers may be searching for that you’re not yet addressing.


How do I conduct a content audit?

Step 1: Inventory your content

Start by opening a new spreadsheet and making a list of your indexable content. If you need help finding this information, take a look at your sitemap, or, if you don’t have one, use a sitemap generator tool.

Next, add the following columns to your spreadsheet to create a dashboard. (It’s okay to customize the columns to whatever you find useful.) Your spreadsheet could include:

  • Content title—the name of the piece
  • Publish date
  • A short description about the topic
  • Content type—white paper, blog post, image, video, product page, etc.
  • Location (if you haven’t already organized the document by URL)
  • Audience—who the piece is intended to address
  • Funnel stage (awareness, consideration, decision, purchase, post-purchase)
  • Keywords you’re targeting
  • Call to action—what you’re asking people to do after they view your content

Once you’ve filled out your spreadsheet, you’ll have a snazzy new content inventory that will help you develop a plan to regain your status as a content superstar in no time.

Step 2: Analyze your results

Now it’s time for the fun part—the content audit, where you gaze at the spreadsheet until your eyes glaze over. Just kidding. Take a peek at the data you’ve compiled to see what kind of adjustments you need to make. Are certain pieces missing a call to action? Are product pages outdated? Have you overloaded the top of your funnel with content but neglected to create materials for prospects who are nearly ready to make a purchase?

To help you prioritize next steps, consider adding another column called “PRIORITY.” Then, assign each piece of content a number (from 1 to 10 or whatever system you want to use) so you know which pieces to tackle in which order. For each piece of content, ask yourself:

  • Does it deliver what it promised? (Does the body of the content match the title/intro?)
  • Is it accurate?
  • Does it answer your customers’ and prospects’ questions?
  • Is it well written? (Check for typos, grammar mistakes and inconsistencies.)
  • Is the formatting inviting (lots of white space, line breaks, subheads, etc.)?
  • Do title tags, metadata, headings and image tags conform to SEO best practices?
  • Does the content contain dead links?
  • Are people finding and interacting with it? (Use your web analytics here.)
  • Are they taking the desired action?

Step 3: Take action

Now that you’ve ranked your content, create one more column—“ACTION.” Here you can enter steps like “Update,” “Delete,” “Redirect,” etc. Make sure not only that you address problematic content, but that you poke around for holes, too. Updating stale content is critical, but so is creating new content to answer the queries your prospects and customers are typing into Google and Bing. Pro tip: Repackage your best-performing content by, for example, turning your top 10 blog posts into an e-book. Then promote the heck out of it. You can also re-promote content that performs well. (It’s actually a best practice.)

Do you have any content tips for your fellow entrepreneurs? Let us know!

Check out these quick videos with marketing expert, Amy Hourigan. She answers key questions regarding a content reboot.

Why is a content audit so important?: https://vimeo.com/343034870
What types of things should I be looking for? https://vimeo.com/343031856
How do I start a content audit? https://vimeo.com/343031680

Further Reading

https://www.semrush.com/blog/content-audit-for-content-marketing-strategy/

https://contentmarketinginstitute.com/2018/08/simple-content-audit/

https://moz.com/blog/content-audit

How to Avoid Burnout

Employee Burnout

When we asked for advice about avoiding burnout, our inbox just about blew up. We received more tips on this topic than any other we’ve written about so far, and the emails are still coming. Read on for the best of the bunch, from entrepreneurs who have never lost their way to those who have succumbed but managed to reignite their passion. Then drop us a line and let us know how you stay resilient.


“As a serial entrepreneur and someone who’s managing multiple businesses simultaneously, I have firsthand experience with burnout—and how to avoid it. My top pointers: (1) Pare down to square up. List each month’s top 10 absolute must-do tasks. Whittle them down to three. Accomplish these first. (2) Don’t prioritize your schedule. Schedule your priorities. Ignore the rest. (3) Do something dissimilar. Cultivate an enjoyable discipline or hobby, which will refresh and reinvigorate.”
—Chetan Rao, co-founder, Wodehouse Tea

“As an entrepreneur who ended up in the hospital from adrenal failure, I have definitely been there. Business owners have to work long, hard hours, especially in the beginning. You would think I would have slowed down, but I still work 12–14 hours a day. The difference is the level of stress. If I’m working long hours without too much stress, and if I make the work fun, I can handle it. But you have to know your own body and when you need to slow down or stop. That’s a hard thing for a business owner to do. If you can’t figure it out, take frequent breaks. Do something mindless. It makes a big difference.”
—Julie Austin, CEO, Creative Innovation Group

“You may be tempted to cancel plans with friends, take business calls while out and about, or even spend family dinners on the computer—all to prioritize your business. But far too often entrepreneurs hit a wall and burn out by working this way. Having a work-life balance will increase your overall satisfaction and will likely lead to more productive time spent on work. The trick is to set a schedule for yourself and make sure you stick to it. Over time, you’ll start to focus on the most important work because you will treat your time off more seriously and will have to prioritize accordingly.”
—Siavash Ghazvinian, entrepreneur and owner, EthicalTree

“The advice I would give a founder on the edge of burning out is to immediately step away from work. It is much better to take a holistic attitude about trying to accomplish tasks over the long run than trying to cram too much work into a short period of time. Immersing oneself in work when in burnout mode is counterproductive.”
—David Reischer, Esq., CEO, LegalAdvice.com

“I’ve burned out twice, and am now more productive on a 40-hour work week. I work less but am substantially more productive. Silicon Valley has built an unhealthy culture of ‘hustling’ that looks good on the surface to investors and the market, but ultimately the quality and pace of output isn’t where it should be. Working smarter, shorter hours has led me to the most productive years in my career. I now operate two businesses and am at peak productivity.”
—Adrian Del Balso, CEO, Little Universe

“You have to learn to take a step back and ruthlessly prioritize. Here are two things I found particularly helpful: (1) Stop doing unnecessary work. Not everything you are doing is adding value. Have you heard of the 80:20 principle? It shows that with 20 percent of the work you can deliver 80 percent of the value. Take a look at everything you’re doing, automate what you can, and stop doing the stuff that isn’t adding value. (2) Be generous and give to others. I know it seems counterintuitive to add something to your already full plate, but trust me, it’s worth it. From my own experience, I have found volunteering to be hugely beneficial to my mental health and stress levels.”
—Claire Whittaker, product manager, Amazon UK; writer, Artificially Intelligent Claire

“Burnout was a constant struggle until I made a simple behavioral change: taking one day per week off from working. I tend to burn the candle pretty hot through the work week and then often much of the day on Saturday as well, but I take Sunday completely off. No email, no calls, no work-based productivity of any kind. For me, this day of ‘not being allowed’ to work is incredibly restful because I don’t have to worry about whether I need to be working. The decision has already been made, and now I can just enjoy the rest.”
—Grant Hensel, CEO, Nonprofit Megaphone

“The key to avoiding burnout, especially as your company grows, is the ability to delegate. If you want to grow, you have to learn to let go! One of the things that has helped us enormously is creating playbooks for each of the positions in our office. This is a full how-to, complete with screenshots, so it’s very easy to onboard new employees and ensure that what you expect from them is 100 percent clear.”
—Serena Holmes, president and CEO, Tigris Events Inc.

“This is a really important topic that has a bit of stigma attached to it. Being an entrepreneur is no easy feat. Before I start to burn out, I look for a little pick-me-up. It’s never a substance—rather, it’s a social interaction. My team members know I’m their leader, but that doesn’t mean I have to be rock solid 100 percent of the time. I have identified several team members who I’m able to turn to, each for a different purpose: one I go to for advice, another for a funny story or quick joke, someone else when I just need to blow off a little steam, and yet another when I need someone who’s always game for a little physical activity to reenergize. This strategy might sound simple, and it is. It is okay for a leader to be human and to need social support.”
—Reuben Yonatan, founder and CEO, GetVOIP

“My company, Robin, launched as a B2C startup in 2016. A little more than a year later we recognized that regardless of how much effort and how many hours we invested in making the business work, we simply didn’t achieve sustainable growth. Thus, we decided to transform Robin into a B2B business. In the process of admitting defeat…and starting from scratch, I experienced enormous stress, insomnia and even panic attacks, especially before meetings with investors. To get back on my feet and avoid a complete burnout, I [engaged in] substantial self-reflection, which resulted in a complete change of my personal habits. I started maintaining a sustainable routine that included eight hours of sleep, less coffee, less alcohol and a healthy balance between time invested in [work] and my personal life.”
—Adam McIsaac, CEO, Robin Media Inc.

“An extremely valuable process to learn about and perfect is time management. By moving your mindset from a constant state of trying to find more time (which is a major contributing factor to burning out) to understanding how to best structure your time, your conception of success could look a little healthier.”
—Kate Brodock, CEO, Women 2.0

“Prior to founding my business, I was involved in several early-stage, venture-backed startups. To say that I’ve ‘been there’ is an understatement! For me, the thing hanging between staying sane and balanced versus being burned out is avoiding the temptation to try to do everything. That meant drawing clear distinctions between which activities I or my team would manage, and which activities we were knowingly putting on the back burner. In my current business, we are focused on three key marketing areas: research, strategy and operations. The know-how exists internally to do a whole host of other marketing activities, everything from content writing to social media to PR. But we’ve learned to say ‘no’ and stay focused. Trying to tackle everything means no activity gets the full, undivided attention it deserves.”
—Laura Troyani, founder and principal, PlanBeyond

“Human brains were not designed to multitask. Focusing your mental energy can help you get more things done without burning out. I recommend starting each Monday by planning out your must-do projects and blocking out non-negotiable work time (in segments of 1.5–2 hours) on your calendar. You’ll be able to sprinkle in smaller to-dos throughout the week while ensuring you’re accomplishing the biggest tasks that are most impactful to growing your business.”
—Kara Fasone, PhD, co-founder and chief wellness officer, Wise & Well Academy

“Having been an entrepreneur for 20-plus years with three different businesses, I have been through several burnout periods. Most entrepreneurs I know are excited by new challenges, and when you are in the weeds trying to address those challenges, it’s the most thrilling part of being an entrepreneur. You may be working crazy hours, but the adrenaline and drive to solve the problem keeps you motivated and moving forward (well, that and lots of coffee and bourbon). It’s only after the challenge has been addressed and the post-surge hangover sets in that burnout starts to rear its ugly head. There are two ways I have found that keep this roller-coaster ride from turning into burnout. One is to cap my workload at 55 hours. After 45 hours, I’m not very productive, and I have found that the law of diminishing returns applies once I hit 55 hours. The second way I keep myself motivated is by never finishing a project without having the next challenge already in mind. For example, we recently revamped our product offerings and overhauled our website for the first time in four years, which was a big undertaking. But before we finished that project, I already knew that my next project would be implementing a better lead-gen process. I am really enjoying it, and it’s opening up new ideas and strategies, which I find exciting.”
—Jeff Kear, owner, Planning Pod

“Go to sleep with a clean mind (and inbox). I’m a big believer in not letting your inbox pile up, causing you stress overnight. Finish your work for the day, and then turn the phone off for a solid couple hours before sleep. Celebrate small wins. It’s super important to recognize the ups, because you are for sure worrying about the downs.”
—Adam Tishman, co-founder and CEO, Helix Sleep

“Avoid shiny object syndrome. As entrepreneurs, it’s so easy to get overwhelmed by all the social media platforms and marketing strategies out there. Trying to master them all will just lead to burnout. Pick a few strategies that play to your strengths, and focus on those.”
—Taylor Mack, owner, SilverFire Books; social media marketing strategist, Small Biz Refined

“Find the ‘why’ behind your business. If you’re just in business for the money, then you might as well have a job. Why did you start your business? What would your customers lack if you didn’t do what you do? I can honestly say that I could die tomorrow and know my life mattered because every single day I am blessed to impact my clients’ lives and businesses. They say when you love what you do, you never work a day in your life. That’s true. It’s not the coaching that wears me out—that energizes me! It’s the networking and selling and billing and collecting and taxes, etc.—all the stuff that’s NOT coaching. But then I come back to why I do that stuff—to impact people’s lives and businesses—and it’s all worthwhile.”
—Elene Cafasso, MCC, Enerpace, Inc., Executive Coaching

“It’s incredibly important not to forget about self-care. When you’re starting a business, you really do put every bit of yourself in it, and days can get extremely long. When I got an angel investor and was able to hire full-time staff, it reduced stress dramatically. I hired good people I could trust and offloaded responsibilities to them, and now am able to work a 40-hour week. Another thing is, treat yourself like you treat your employees. Take that darn vacation. The company will not fall apart without you.”
—Michael Sunderland, managing director, Full Stack Talent

 

“I founded a business in my parents’ garage after leaving a lucrative job in finance. I worked on my businesses for several years without seeing any reward, and on many occasions experienced burnout. I poured everything I have into my businesses. I have plenty of experience with managing stress and finding an effective way to recharge my batteries: (1) Delegate smaller tasks. I hired a part-time executive assistant purely to manage my calendar, emails and appointments. (2) Mandatory Sundays off. It’s the only way to get a real breather each week. (3) Start work early. I noticed that I am incredibly inefficient when I work later at night, so I force myself to go to bed relatively early so that I can get up at 5 a.m. The early morning gives me a chance to work without interruption. (4) Do not listen to podcasts. I used to incessantly listen to podcasts throughout the day, during my commute and when I got home. I noticed that they were contributing to my stress since they kept my brain constantly firing. I’ve since switched to music.”
—Jeff Rizzo, CEO, RIZKNOWS and The Slumber Yard

“We don’t take on clients or jobs that aren’t the right fit for us. We know who our customer avatars are, and if an opportunity presents itself that isn’t a great fit, we won’t take it just because the money is there. We won’t let money be the force that drives us to burnout.”
—David Gafford, founder and CEO, Fusion Creative

“I take a break during the day to take a walk or do a workout. While I’m walking I’ll listen to a podcast about entrepreneurship. The physical activity helps my body relax, and when I’m listening to an inspirational story from an entrepreneur, I get back to work energized and ready to face any challenges that come my way.”
—Raya Khashab, co-founder, EzClocker

“Psychology is without a doubt the hardest part of being an entrepreneur. I’ve been able to keep up my fighting spirit despite often working long hours. There are a few things that have really made a difference: Being passionate about the business itself, not the end results; taking care of my physical fitness with challenging workouts, enough sleep and a healthy diet, and having great co-founders and colleagues. Since you’re going to be working a lot, it’s really important that you enjoy spending time with the people you work with.”
—Jesse Nieminen, co-founder and chairman, Viima

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