Coleman Center Raises the Bar

The Coleman Entrepreneurship Center at DePaul University has formally introduced its new suite of educational programs to support owners of mid-market companies, from $5 million to $25 million. The Center continues to support students and startups, but now is putting considerable focus on helping move established business managers to the next level.

To get here, Coleman tapped Torque to translate their unique strategy into a brand communication plan that includes messaging strategies and a suite of digital communication tools. One example is their Business Owner Minutes, one-to-two-minute videos of business owners sharing a unique insight, posted weekly on their blog. This quick-and-frequent format allows Coleman to present a wide range of views and insights, and to stay in touch. They are also re-publishing posts from other blogs (see my own there).

Coleman is kicking off the new program with Breakthroughs: A Symposium for Business Owners, Entrepreneurs & CEOs Thursday, October 28, at 8:30am at The Metropolitan Club. Learn more on their new website, and stay tuned as the Coleman Center launches its bold new venture.

Keith McFarland Brings New Focus to the Midmarket

Anyone looking for inspiration to turn slow markets into profitable ones will do well to read Keith McFarland’s latest book Bounce: The Art of Turning Tough Times into Triumph. It’s a business novel, and a particularly successful one in our view. Building on his first book, The Breakthrough Company: How Everyday Companies Become Extraordinary Performers, McFarland brings the insights Jim Collins delivered to the world in Good to Great, but specifically focusing on Midmarket companies. Bounce takes those learnings and translates them into a narrative that business managers can adapt to themselves and their own organizations. Much needed in times like these.

The Chicagoland Chamber Midmarket Forum has been fortunate to engage Mr. McFarland to speak at our breakfast seminar on September 30. What’s new for this event is that we’ve reserved a larger space and expect over 200 attendees. This is in part due to the event marketing, which encourages business leaders to bring their teams, in the spirit of Mr. McFarland’s council for organizational change.

Also, In the true hands-on fashion of our past events, networking and dialog are a big part of the event. In addition, books will be available (or if you’re like me and already have yours), and Mr. McFarland will be available for signing. As a longstanding Chamber Midmarket Committee member, and recent fan of his work, I hope to see you at the event!


Thursday,  September 30, 2010
7:00AM — 9:30AM The Mid America Club
200  East  Randolph  Street
Chicago, Illinois 60601

Registration  7am-7:30am
Networking  7:30am – 8am
Speaker  8am – 9am

Registration

Reviews for Bounce: The Art of Turning Tough Times into Triumph


Reviews for The Breakthrough Company: How Everyday Companies Become Extraordinary Performers

Lessons learned at AM&AA July Annual Conference

Attending this year’s AM&AA conference was an eye-opener. I wasn’t a surprise that the M&A community is not conducting business as usual. But the creative thinking about how to jump-start and otherwise stimulate activity was inspiring. Some of the things I observed:

• Business and deals are substantially down in many industries.
• Of the existing activity, only a portion is traditional.
• Idle companies and service providers are looking for other things to do. All players are looking for a bigger piece of a smaller pie.
• Private Equity and investment bankers are looking for creative projects to invest idle capital.
• Different types of compensation agreements are being hammered out.

The changes in business are dramatic and many industries are experiencing pressure, which is spurring gutsy, creative new ideas. I’ve seen and also worked with companies to make changes in their mindset and business models, in order to continue to grow their businesses in changing markets. I say “mindset,” rather than “marketing,” because that is where the real insights come from, particularly when a firm has been very successful in the past, yet finds those very practices working against them today.

We’ve entered a time when the marketing strategy steers the business model. Not just because companies need new ways to get in front of customers, but also because the business models themselves need to change. That’s tough for financially-minded managers to swallow. But this market is changing in new, dramatic—and permanent ways.

The solutions are often counter-intuitive. People don’t want to be sold. But they do want to buy. Businesses are re-packaging the way they provide their services. They are changing their offerings, their partners and deals being done. In their marketing, they are using digital channels to promote thought leadership, leveraging Internet search, video, and other content. They are structuring more performance-based deals and driving trial & sampling. In short, all aspects of the business are on the table for evaluation.

For the past eighteen months or so, I have been speaking and writing about the reinvention of marketing in the New Normal of this emerging economy. We’ve seen companies apply new practices to launch products and companies, and also to re-launch businesses that need new strategies to contend with the crush of competition and the roar of media noise. Companies that are ready for change stand to profit from new marketing as well as new business models. Those staying the course are at risk.

So what can owners, managers, private equity and service professionals do? Here are six suggestions and resources:

1. Get out and build new networks, outside of your customary professional channels.

2. Tap the ever-expanding universe of free information. Start by Checking out the recommended marketing blogs at the Marketing Executive Network Group

3. Sign your midmarket company up to become a member of Ram Iyer’s Midmarket Institute, a community and resource portal focused on strategic planning and global markets.

4. Engage with AM&AA’s own  Midmarket Place, designed to go beyond business transfer, to value creation.

5. Participate in Rob Slee’s dialog, where private equity converges with business conceptualization in the midmarket: Midas Nation.

6. Join the Chicagoland Chamber of Commerce Midmarket forum and/or register for the next event, where Keith McFarland speaks from the pages of his latest book Bounce, on ways to “Turn Tough Times into Triumph”

Put Your Customer at the Center of Your Content Marketing Strategy

Thanks to everyone who attended our presentation on June 10, where my colleague Andy Crestodina of Orbit Media laid out a detailed approach to Content Marketing, Social Media, SEO and Email Marketing in Seven Steps, and Brad Farris of Anchor Advisors discussed case studies illustrating content marketing that works to bring him new clients and extend his reputation.

Sandwiched between these thoughtful and inspired talks, I examined the question: what do you publish?

To answer that question, I asked the group to consider this:

Why: don’t get distracted by the mechanics of the process. Content marketing is about generating leads, attracting customers and growing business.
What: Your brand story, told in a way that is all about your customer, should be at the center of your content marketing. More on this, below.
How: Follow Andy’s process and you will be able to engage your audiences with consistent, useful information over time.
What to expect:  Content marketing takes time, and doesn’t turn directly into leads. Rather, the results can be indirect. For example, being a publisher of content is a demonstration of your expertise. You can reference own material as part of your credentials. The act of writing or developing other content media is a forum for working out your unique point of view and product/service offering, which provides critical advantage during your selling process.

Content marketing is an extension of what you already know about marketing your business. Use content marketing to extend your ability to develop face-to-face and personal relations, but with new depth and with a much larger network community.

So what is a brand story—What is your brand story?

•    A brand is the promise of what you do for your customers.
•    A brand is focus. Have the courage to limit what your organization does, to be the best or the only provider of your specific offering.
•    A brand is distinct in its category. Do the work for your customers, to clearly differentiate your offering from all the other available.

When you consider this definition of a brand, it’s easy to see that content marketing is brand fuel! It’s ideal for accomplishing these three things. Here are five results you can expect from content marketing, and ways that will support your brand and develop customer leads:

1)    Extend your reach and visibility by publishing across your email, Blog, website, eZine articles, LinkedIn and other platforms.
2)   Distinguish your promise and value from other similar offerings. At 500-1000 works per article, and with images and video, you have a powerful forum to demonstrate how your firm uniquely solves customer problems, as well as to illustrate the pain your customers suffer.
3)    Educate your audience on the benefits of your niche offering. None of us are generalists anymore. But becoming an educator is a bigger responsibility that being and advertiser. And it’s also a big opportunity to…
4)    Create trust by becoming an advisor to business. Connect to your customers by putting their interests first, outside of the selling process. Become a Resource. Then, when they need what you do, you won’t have any competition.
5)    Sustain relationships over long periods of time. Sales cycles can last for years. Your business network may have hundreds or thousands of individuals. With content marketing you have the means to keep in touch, in a meaningful way.

Another objective of content marketing is to build your sales funnel. You can use content to stimulate and engage customers at each of the four traditional stages of their buying process: Awareness→ Familiarity → Consideration → Solicitation.

Content marketing calls for a break from past ideas about marketing. It is also interconnected with developing social media, search marketing, web analytics and customer relationship marketing (each are topics for future events—stay tuned!). To help shed old ideas of brand marketing, and to embrace the power of content marketing, consider:

Companies that don’t know where they’re going, have their product
at the center of their marketing strategy.

Companies that do know where they’re going, have their customer
at the center of their strategy.

When your customer is at the center of your strategy, your firm is truly living up to a brand promise that is focused, distinctive and valuable!

Talk is Cheap: Show me Your Content Marketing Strategy

These are wickedly fast times, where new communication channels are opening at a dizzying rate and companies are endlessly looking for better ways to make customer connections.

Register to Join us at Talk is Cheap: Show me Your Content Marketing Strategy, a seminar designed to give you the tools you need to stay in the running. This seminar on content marketing identifies powerful ways to develop thought leadership, and customer relationships at all stages—from the prospect to the lifetime customer.

What’s “Content Marketing”? That’s a fancy term for using your words and ideas to build a fanbase, which in turn can lead to more qualified leads (new sales!) coming through your door. Learn about the many communication channels you can use to convey your messages, and which one or ones will help you achieve your business goals.

Our speakers will examine content marketing from three key perspectives to help you develop your own digital strategy:

  1. Publishing techniques
  2. Content brand strategies
  3. Strategies to weave digital and social media marketing into the fabric of your organization.

They will be covering topics like:

  • Blogs, eBooks and articles: Which one is right for me?
  • 3 Ways that Video Rules the Web
  • How can content help build my web traffic, and my business?
  • What should I talk about? How to pick topics that speak to your core customer,and the search engines.
  • The secret to creating fresh content, over and over again.

It will be a discussion panel and networking. Enjoy Beer, wine, snacks and one of the most beautiful spaces on the North Side of the city.

Panelists:

Event Essentials and Registration:

Date: June 10, 2010
Time: Registration & Networking 5:30PM – 6:30PM

Program 6:30 – 8:00PM

Location: Ravenswood Event Center

4011 N Ravenswood Ave.

Chicago, IL 60613

RavenswoodEventCenter.com

Register: contentstrategy.eventbrite.com