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The past few weeks have been full of headlines about bank runs, government takeovers, and financial pandemonium.
Even if you don’t use Silicon Valley Bank, Credit Suisse, or any of the other banks at the center of the news, there could be broader implications for banks and the overall economy.
The post ALP 186: The 2023 Banking Crisis and what it means for your agency appeared first on FIR Podcast Network.
Chip and Gini frequently hear from PR agency owners who want to move beyond just offering media relations services, but aren’t sure how best to do it.
They may love the idea of Gini’s PESO Model, but they also recognize that they probably can’t get there all at once.
The post ALP 185: Expanding the service offerings of your media relations agency appeared first on FIR Podcast Network.
Agency owners can be reluctant to involve employees or contractors in managing financial aspects of their businesses, especially anything that involves access to bank accounts or credit cards.
The concern is understandable, especially with recent examples of even large agency financial team members stealing from their firms.
Chip and Gini argue that the solution isn’t to hold on to these administrative tasks yourself, but rather to set up some reasonable controls coupled with periodic checks to confirm that everything is running properly.
The post ALP 184: Keeping an eye on your agency’s finances appeared first on FIR Podcast Network.
Most agencies love awards. Larger agencies even have teams devoted to seeking them.
In this episode, Chip and Gini discuss why the time and money spent on awards may be misplaced.
The post ALP 183: Think twice about seeking awards for your agency appeared first on FIR Podcast Network.
Like many of us, agency owners can fall into the trap of believing that tools solve problems.
The reality is that we use tools to implement the processes that solve problems.
Rather than falling in love with the latest and greatest, start by understanding what you want the tool to do for you.
The post ALP 182: Do you need a new tool for [whatever]? appeared first on FIR Podcast Network.
Agency owners frequently lament to Chip and Gini that their employees don’t have a proper sense of urgency and don’t seem to work hard enough.
The co-hosts explore whether this is specific to Gen Z or if it has broader applications.
The post ALP 181: Managing Gen Z agency employees (and anyone else with less experience than you) appeared first on FIR Podcast Network.
Do you have a plan for what others should do if you should suddenly become unavailable due to illness, accident, or even death?
It’s not a fun thing to think about, but it is important to think ahead and make sure that you have at least a few essential steps in place for handling these unexpected events.
The post ALP 180: What if something happens to you as agency owner? appeared first on FIR Podcast Network.
Most agencies depend on vendors and contracts to help provide at least some of the results that their clients expect.
Any time you rely on these third parties, you need to consider what happens if they don’t deliver as expected.
As more agencies consider using AI tools like ChatGPT to deliver services at reduced costs or shorter timeframes, these dependencies pose an even greater risk if they fail to perform as expected.
Chip and Gini discuss options, including having fallback plans or making clear to a client that results are contingent upon that other company or organization doing their part.
[read the transcript]
The post ALP 179: Relying on third parties to deliver agency services appeared first on FIR Podcast Network.
Regular listeners know that Chip and Gini aren’t fans of most agency RFP processes and believe that most of them should be avoided.
But if you choose to play the game, you need to watch out for onerous terms and conditions — especially ridiculously slow payment terms.
The co-hosts pick up on news reports about 1-year payment terms being proposed (and defended) by Dr. Pepper. This turns agencies into banks, something for which they are ill-suited.
The post ALP 178: Beware of dangerous agency RFP terms and conditions appeared first on FIR Podcast Network.
You have decided to take the leap and build your own agency. But how do you find clients?
In this episode, Chip and Gini share their thoughts on how to acquire your earliest clients.
The post ALP 177: Biz dev when you’re just starting an agency appeared first on FIR Podcast Network.
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