This is the Power of PR

Written by Robert A. Kelly


Continued from page 1

The perception monitoring phases of your program can obviously be handled by professional survey people IFrepparttar budget is there. But you can always choose to use your PR people who are also inrepparttar 103638 perception and behavior business and can pursuerepparttar 103639 same objective: identify untruths, false assumptions, unfounded rumors, inaccuracies, misconceptions and any other negative perception that might translate into hurtful behaviors.

Let’s talk aboutrepparttar 103640 public relations goal. You need one that addressesrepparttar 103641 aberrations that cropped up during your key audience perception monitoring. In all probability, it will aim to straighten out that dangerous misconception, or correct that gross inaccuracy, or do something about that hurtful rumor.

Of course, when you set a goal, you need a strategy that shows you how to get there. You have three strategic choices when it comes to handling a perception or opinion challenge: create perception where there may be none, changerepparttar 103642 perception, or reinforce it. A bad strategy pick will taste like ketchup on your pecan pie, so be certainrepparttar 103643 new strategy fits well with your new public relations goal. For example, you don’t want to select “change” whenrepparttar 103644 facts dictate a “reinforce” strategy.

Here’s some really hard work for your PR team, because they now must come up with some carefully targeted, corrective language. Words that are compelling, persuasive and believable AND clear and factual. You must do this if you are to correct a perception by shifting opinion towards your point of view, leading torepparttar 103645 desired behaviors.

After going over your message for impact and persuasiveness with your communications specialists, work with them to selectrepparttar 103646 communications tactics most likely to carry your words torepparttar 103647 attention of your target audience. You can pick from dozens that are available. From speeches, facility tours, emails and brochures to consumer briefings, media interviews, newsletters, personal meetings and many others. But be sure thatrepparttar 103648 tactics you pick are known to reach folks just like your audience members.

Taking no chances withrepparttar 103649 time-honored warning thatrepparttar 103650 credibility of a message can depend on how it’s delivered, consider introducing it to smaller gatherings rather than using higher-profile tactics such as news releases or talk show appearances. Whenrepparttar 103651 calls for progress reports get loud enough, you can respond by returning torepparttar 103652 field with your PR folks for a second perception monitoring session with members of your external audience. Using many ofrepparttar 103653 same questions used inrepparttar 103654 first benchmark session, you’ll now be alert for signs thatrepparttar 103655 bad news perception is being altered in your direction.

Should things slow down, you can always accelerate matters by using more communications tactics along with increased frequencies.

In this way, you employrepparttar 103656 unique power of public relations in justrepparttar 103657 right way. You alter individual perception, resulting in changed behaviors that lead directly to your organization’s success.

end



Bob Kelly counsels managers about using the fundamental premise of public relations to achieve their operating objectives. He has been DPR, Pepsi-Cola Co.; AGM-PR, Texaco Inc.; VP-PR, Olin Corp.; VP-PR, Newport News Shipbuilding & Drydock Co.; director of communi- cations, U.S. Department of the Interior, and deputy assistant press secretary, The White House. mailto:bobkelly@TNI.net Visit:http://www.prcommentary.com




BUSINESS FUNDING

Written by Monte Zwang


Continued from page 1

Landlords can be a source of financing. It is not uncommon for a landlord to contribute dollars or rent concessions torepparttar development of a tenant’s space. For this loan,repparttar 103637 landlord may require a Percentage of Gross Sales Clause inrepparttar 103638 lease as repayment. Extended vendor terms for purchase of product may provide short-term operating capital loans.

Inrepparttar 103639 event that additional credit strength is required, loan guarantors or borrowing someone’s credit may helprepparttar 103640 borrower qualify for less expensive financing. Be flexible. Your final package may be comprised of several lending solutions

PRESENT A CLEAR AND UNDERSTANDABLE PROPOSAL Lenders need to know who you are personally, professionally and financially. The lender needs to evaluate Income Tax returns (Corporate and Personal), financial statements (income statement and balance sheet) and a cash flow projection. The balance sheet has to look a specific way. The Current Ratio should be at least 1:1, andrepparttar 103641 Debt to Equity Ratio should be at least 4:1. Be specific as to howrepparttar 103642 money is going to be used and how it will be paid back. Lenders want to know what is securing their debt. Lenders evaluaterepparttar 103643 quality ofrepparttar 103644 collateral, and want to insure that it is adequate to securerepparttar 103645 debt in case of default. A secondary source of repayment is required prior to granting standard financing. The personal guarantee ofrepparttar 103646 borrower is often required. In some situations, a lender may seek secondary collateral. Secondary collateral is simply some other asset in which you have equity or ownership, i.e. equipment, property, inventory, notes. Business funding is not difficult ifrepparttar 103647 borrower is creative and realistic. Know how much money you need and how you are going to use it. Be prepared to defend your needs and anticipaterepparttar 103648 lender’s questions. Inrepparttar 103649 event that a lender cannot grant your request, perhaps it isrepparttar 103650 way a loan is packaged. Find a lender who is willing to make recommendations that will help you find financing. A good lender will tell you quickly if they can help you or not. If an intelligent and organized package is presented, a timely response is warranted.

Written by Monte Zwang of Steele Development Corporation, a consulting firm specializing in business development and financial strategies. You can reach Steele Development by calling 206.878.9666 or online at www.Steeledevelopment.com.


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