Communications strategist Caroline Kealey has, over the past 10 years, marched to her own drum as the founder and chief executive of Ingenium Communications.

Her consultancy has carved a niche for itself in the nation’s capital and across the country in the “art and science of communications and marketing strategy” providing, in addition to its strategic communications and marketing services, facilitation, training and organizational development.

As with so many other consultancies, regardless of their discipline, this meant that Ingenium’s intellectual property resided almost entirely within the grey matter of its people, and especially of its leader, Kealey herself.

Six years ago, Kealey decided to change that. Despite being a busy single mother with a full-time business, she set out to lever the insight and expertise developed over a 20-year career into an educational resource for professional development and training. The Ingenium team, with a substantial amount of goodwill and in-kind support from friends and allies, set to work. The outcome is the Results Map, deemed by its creators to be the most comprehensive online tool for strategic communications planning available in the world.

Kealey took the time to share her thoughts on the tenacity required to launch her new venture, the challenges of bootstrapping, and the strategic marketing that has turned a largely local consultancy into a global play within a matter of weeks.

Q: Where did you get the idea for Results Map?

A: I think the idea came from my experience in having written now close to 400 communications strategies across a wide range of sectors and clients. I realized that much of the process is quite repeatable and that we had quite a lot of expertise in this specialized area. I also realized that, while seemingly a bit odd coming from someone who makes her living as an external consultant, optimally this process is most beneficial if it’s done in-house. So, I came up with the idea to package what we’ve learned from experience and create a methodology that communicators can easily apply within their organizations, tapping into their unique knowledge and experience with their subject matter and audiences.

Q: How did you go about validating the idea?

A: This whole project has been bootstrapped on the back of our traditional consulting practice and therefore integrates hundreds of conversations as part of regular client engagements and workshops. We carried out extensive market research to establish if there is anything like this … we looked at comparable solutions for other disciplines and went through an extensive process of one-and-one interviews in 2008 with people in different facets of the industry – academia, public, private, para-public sectors. We used all this to map out a business plan and worked with a focus group of 30 people to validate the concept from both a business and marketing point of view.

Q: What key challenges did you face turning this into a commercially available product?

A: This was far and away the most significant and complex project I have ever managed. The process has been ongoing over a six-year period and has been self-financed. The sheer tenacity and the focus required was a major challenge since the project had to run alongside our regular work and business development. Stitching this together into something coherent with an end goal in mind was a very significant challenge. This is not for the faint of heart.

Q: Where did you turn for sources of funding and other support to develop and launch Results Map?

A: One of the most extraordinary experiences throughout this process has been the generosity of the community in providing expertise (and) resources and offering to make valuable connections. I was really moved to the extent to which people are willing to support an entrepreneur who has a dream. That was a big part of our success - tapping into a lot of local in-kind support, and connections. We wanted to self-finance as much as possible, but did call upon the BDC and a private investor, both of whom have been extremely supportive.

Q: How do you characterize your experience, as an entrepreneur, in trying to secure funding and other key pieces of the puzzle?

A: As is often the case, it’s hard to appreciate the sheer volume of work and energy that this has required. In terms of lessons learned, you can’t underestimate the time and effort that isn’t immediately visible when you set out - the complexity of translation to another language, finding an online payment solution that works, developing a marketing plan, and addressing innumerable technological challenges. It all takes deep consideration, analysis and quality decision-making to position the company for success, and adjust in real-time to dependencies and changes in the development plan.

Q: What key entrepreneurial lessons did you learn through this? What would you do different next time?

A: If you roll back the clock, this could have gone in many different directions. Early on I became concerned by time-to-market and that other people would come in and scoop us. But that was fairly short-lived because I had trouble imagining that there would be too many others who would have the passion to drive through such a difficult task … call it stubbornness or stick-to-it-ness, it was clear that it was the road less travelled.

Most of the development work I did on this was between 5 and 7 a.m. before I got my kids up to get ready for school; that’s obviously not everyone’s cup of tea.

The technical development of the product took place over six months. This was very aggressive and in hindsight could have been done more comfortably over a year or 18 months. However, we had committed to complete and present by June 2010 at the International Association of Business Communicators World Conference in Toronto. As a result, we licensed our training platform from Telesto, a local development firm. Again, my whole orientation was on niche expertise, not on developing a tool in-house, from the ground up. This proved to be a good decision because the time and cost required to create a platform from scratch would have been prohibitive.

Q: What has been the market response to Results Map?

A: A few weeks ago I was running a local consulting company. Now our technology is on four continents and we are writing proposals for Fortune 500 companies … We have reached into some spheres that would not have been possible two weeks ago. We even have the government of Tanzania interested in our methodology.

This is precisely what we wanted to do with this product, have a global impact, and so far it’s off to the races.

Q: How did you take advantage of your attendance at the International Association of Business Communicators World Conference to launch of Results Map?

A: We had a whole strategy to make a splash at that event to capitalize on the fact that there were 1,500 communicators there from around the world. We ran a Twitter contest, a guerilla marketing campaign, exhibited with a booth, and I was a speaker. We very much took our own advice on having a plan and executing against that plan on a shoestring budget. People told us we were one of the highlights of the event, and that is entirely the result of our careful planning in terms of marketing, planning and positioning.

Now the challenge is chasing down all of our leads. The scope of our business has exploded in the space of a couple of weeks so while I’d thought the product development was the end of a goal, it really is just the beginning.

Technorati Tags: marketing, startup, entrepreneur, Results Map, Ingenium, Telesto, online tool, Fortune 500, strategic communications, communications strategy, bootstrap, BDC

It’s clear that we’re bad summertime bloggers. Sorry about that.

Occasionally there have been topics that have crossed my path in the last month and a bit that I thought could be ruminated on in a blog post, but when the spirit struck, it was usually when I was unplugged completely for a week-plus (No phone, no internet, no email, no television … heavenly!) or too swamped with client commitments to dedicate the time required to write it up. As I recently Tweeted, I haven’t blogged in so long that I suffered a brief case of performance anxiety about picking up the virtual pen once again.

I’m over it now.

I’ve been doing significant outreach in the UK for one of our clients and I’m noticing that journalists over there are far more eager to have a phone conversation with me than many of their North American counterparts. At outlets big and small, I’ve been greeted with enthusiasm, courtesy and appreciation for the information I’m providing, rather than being avoiding altogether, relegated to voicemail hell or, at worst, berated or abused because I deigned to call. All this latter negative experience has been all-too-common with some North American journalists I’ve dealt with in my decade plus as a PR practitioner. This has been a lovely experience and has resulted in some tangible and impactful coverage for my client.

Many of these same editors and reporters weren’t at all responsive to my emails, a distinct change from my experience in North America where calls and voicemails predominantly go unanswered and unresponded to, but emails fare far better. It was refreshing to have so many productive phone calls that resulted in good things for my clients.

I’d posit that the phone calls themselves went so well because we pride ourselves on building out a media list of pertinent, relevant and interested media targets so that we know all of the angles and all of the data points that are likely to result in coverage of our client. Or perhaps I just seemed exotic with my North American accent and that’s why they were so nice to me, eh?

Having had such a good string of calls, I was particularly interested about the articles I read this week about the death of the phone call. At least that’s the snazzy spin that’s put on the article, but the content rather suggests a more integrated communications approach - using the multiple channels available to us to best communicate with one another. The latter resonates strongly with my daily experience, while the former is hyperbolic and not at all what’s truly going on.

In my recent UK experience, I had indeed sent emails to the folks I later spoke with on the phone. For some, they’d read my email and highlighted as something to follow up at some nebulous point in the future, while others fully admitted that they hadn’t read it. That they had it in their mail and could call it up as we were speaking was very useful as they were provided with more information than I could succinctly deliver on the phone.

The rumours of the telephone call’s demise have been greatly exaggerated. Telephone calls still play an important role in the PR practitioner’s day-to-day practice; I will agree that their ranking in the grand scheme of all of the tools available may have slipped, but make no mistake - there’s nothing quite like speaking to someone to get your point across. Whether it’s through Skype or an old rotary dial or anything in between, don’t count the phone call out just yet.

As an aside, there’s an interesting corollary to this phenomenon in the world of popular music. When I was growing up, there were scads of popular songs that highlighted the importance of the phone call - from Blondie’s “Call Me”, Phil Collins’ “Don’t Lose My Number”, and Tommy Tutone’s “867-5309.” The only popular song of late that references the telephone (at least the only one that’s coming to mind at the moment) is Lady Gaga’s “Telephone” with the repeated chorus of “stop calling, stop calling, I don’t want to talk anymore.” Pop music’s just reflecting our shared experience and indicating that the honeymoon’s over when it comes to our love affair with the telephone.

Technorati Tags: Telephone, phone calls, voicemail, email, media relations

There’s a witty little joke that’s been running on Twitter for some time now. I don’t remember when I first saw it, but every so often it pops into my Twitter stream and I click through to the punchline again. The otherwise redoubtable @missrougue, Montreal-based Tara Hunt, hooked me this morning.

The setup line is usually something like, “How to use Twitter for Marketing and PR” and a short link. Clicking on the link brings you to a one-page website that has the word “Don’t” in block black letters in the middle of the screen.

Ha ha.

But I could not more profoundly disagree with the sentiment.

Let me leave aside what I believe is the immense potential Twitter represents to engage with customers, stakeholders and others, what I would think is the very definition of marketing, and let me briefly cover how we at inmedia routinely use Twitter in our technology media relations practice.

1. We follow journalists who cover our clients and their space. Journos have been enthusiastic adopters of Twitter, using it to source ideas and contacts and to spread the word about what they’re working on. This brings us opportunities we can pitch our clients into and helps us understand even better what these reporters are interested in.

2. We actively pitch reporters through Twitter. Along with email and the telephone, Twitter has become a useful tool to reach out and touch a reporter. With a mere 140 characters at our disposal, you’ve got to believe we need to get the story down pat! And we do. Some reporters welcome this approach, and we embrace the channel where they do; others would prefer we not do so, and we respect their choice. Our front-line media relations practitioners can now count several instances of successful story pitches that were at least initiated, if not fully consummated, through Twitter.

3. We monitor Twitter for mentions of our clients, their competitors and their issues. While most of those mentions do not emanate from journalistic sources, tracking them helps our clients understand who is talking about them and what’s being said. If our clients are active on Twitter, they can engage across this channel. And even if they’re not, Twitter can be an early warning of an emerging event that could bode well or ill. Twitter has become just one more default source in our integrated monitoring efforts for clients.

4. We tweet major announcements by our clients. We count interested journalists, a broad range of technology executives, industry watchers and other influencers among our own lists of followers. So tweeting our clients’ news releases is just one more channel we can deploy on behalf of our dissemination efforts for our clients.

5. And, last but not least, we tweet major hits we get for our clients. I could tell you we do this for much the same reason as item number 4, and I would not be lying. Tweeting major stories attracts attention to them and so expands their reach and improves their impact. But to be thoroughly honest, we also do it to toot our own horns a bit. We like being able to announce that we just got coverage for a client on CNN, or in the New York Times or CIO or some other big-name outlet.

So I’m utterly persuaded, all joking aside, that Twitter is an effective new tool in the media relations tool box, one we’re happy to use extensively.

Technorati Tags: missrogue, Twitter, PR, marketing, public relations, media relations

My husband and I went to see Avatar over the weekend. Wow. The visually stunning spectacle has been director James Cameron’s pet project for more than 10 years, his last major theatrical release being a little movie called Titanic. The movie is in 3D but it’s so unobtrusive and simply enhances the story without going for corny effects, a novel approach to an older technology, enhancing rather than interrupting the storytelling process.

It was an inspired move by Cameron to hire virtual unknowns in the lead roles, but a mistake, despite her considerable talent, that he cast Sigourney Weaver in the film because, more than once, it felt like I was watching Aliens or even Gorillas in the Mist. For the same reason he put faces to those with whom we have had little or no previous associations in the lead roles, he should have cast an unknown in Weaver’s role; this was the only distraction that took me out of the marvelous world of Pandora and back into North America, circa late 2009.

I don’t want to spoil the storyline of the movie for anyone who hasn’t yet seen it but plans to, but suffice to say that while the movie is well worth seeing and elements of the film’s story are absolutely creative and novel, the vast majority of the plot is well trodden territory. Thematic elements are very reminiscent of [SPOILER ALERT!] this, and this.

There’s nothing new under the sun, they say, and the same is true when it comes to marketing. While it’s true that in the realm of technology, there are truly revolutionary products being released, there are also a slate of products that are only slight modifications on existing offerings or have very little if anything unique about them, rather they are “me too!” propositions. That’s okay - consumers need options at different price points with different feature sets, and other distinguishing attributes, however small.

The challenge becomes how to market your offering when the basic story (of your product, your company, your industry …) has been told many, many times before. Take a page from James Cameron’s book and find novel ways to tell a familiar tale, use new technology to do so and make it compelling to your audience. In our terms, this means to use novel marketing approaches like social media to communicate your key messages to your prospects and customers, providing them with the information they need in a format that’s interesting to them and that will get them talking to other prospects about why your offering is the one to see and why your marketing campaign is better than that of your competitors.

Technorati Tags: Avatar, James Cameron, marketing

A quick browse through my Google reader shows that it’s that time again. No, not the holidays. It’s time to gaze into the marketing crystal ball and make bold predictions about where marketing dollars will be spent in the upcoming year, what communications trends will appear and how we as marketers can best lever this knowledge.

I don’t pretend to be extraordinarily prescient when it comes to these things, so I’m going to put down my own crystal ball and instead point to a few posts on other blogs that might illuminate the near future for marketers.

A LinkedIn question about New Years resolutions for CEOs has garnered 5 responses so far. What are your clients’ resolutions for 2010 and where do your services fit into those plans?

According to this post, it’s going to be all about social media and email next year.

Will portable identities take off like this post predicts? Will B2B companies further expand usage of social media and take advantage of this brand portability?

And finally, this post predicts all of the above will take place in 2010.

Do you have any predictions for the year ahead?

Technorati Tags: social media, email, marketing, 2010, predictions

Senator Ted Kennedy died late yesterday, the latest tragedy in the long string to befall the family that has so captivated the world these last 50 years. His passing is also the latest high-profile death to spawn a flurry of internet traffic, blog posts, Tweets, and the like.

Being a child of the 80s, it has been a rough year, with iconic figures like Michael Jackson and John Hughes, director of some of my favourite movies, passing away unexpectedly, shocking their many followers.

We truly live in an era of mass communication. Sometimes that brings us together, other times it alienates us. In times when people need to have even a virtual shoulder to cry on, the many means of expression available to them, the virtual support system at their ready disposal is of great comfort indeed.

Bob Lefsetz, editor of the Lefsetz Letter, a music industry trade newsletter, was on the Hour with George Stroumboulopoulos last year talking about just how messed up the music industry is (quite) and he touched on the fact that in today’s modern age, there is so much media available that we’re less connected to one another. Ironically, the glut of media channels meant to provide us with more content, ostensibly, one assumes, in order to provide us with more cultural touch points to be able to discuss with one another, is providing each of us with customized content that it’s unlikely that any of our friends or contacts are aware of. His example was a television show that he’d seen and adored that aired on an obscure cable channel and despite his evangelism about the program, had yet to meet another human who had seen it.

These recent high profile deaths and the public’s reaction to them represent the flip side to Lefsetz’s argument. When Michael Jackson died, it was said that he almost took the internet with him, so compelled were his legions of fans to flock to news sites, to write blog posts about what his music had meant to them, what his impact on our society had been, some to mock, others to mourn…

What can we as modern marketers learn from this? In the same way that on a personal level the many channels available to us can draw us closer or push us further apart, they accomplish the same when used for business, for promotion. The media channels are many, the messages on them innumerable, but focused messaging on the proper channels can bring your market closer, can provide them with the niche information that they need, can, in short, sell more of your stuff.

I was interviewed a few weeks back by the Ottawa Business Journal for a piece on marketing through a downturn. While a good bit of what I had to say did make it into the article, I thought it would be useful to expand on my thinking here. So, here are my 10 tips for marketing through a downturn.

1. Do as much marketing as you can afford

We’ve written a lot about the merit of maintaining your marketing spend through an economic downturn. There is still business to be written, markets to be taken and customers to be won. And a downturn, when many of your competitors may well be going quiet, often represents an unprecedented opportunity to grab a much larger share of voice.

2. Recalibrate your strategy and recast your budget strategically as opposed to simply cutting x% across the board

The OBJ reporter kept trying to get me to name the “one thing” that companies should do in response to a downturn. I resisted being so binary since a downturn represents doom to some but incredible opportunity to others. And even for those for whom it’s a challenge, an across-the-board response is rarely the right one.

At times like this, strategy becomes more valuable than ever. Know where you’re trying to go, the best way to get there, and how you’re going to know that you’ve arrived. Cut those marketing tactics that won’t help get you there and re-invest the money in the tactics that will.

3. Negotiate pricing

All the vectors you use to communicate to your marketplace are feeling the pinch right now. There is no better time to play hardball on pricing, or to negotiate added extras that usually cost a lot more. Most media outlets will cut their line rates or give you valuable extras like a free newsletter distribution, web conference, white paper distribution or even additional insertions. Trade show organizers may agree to a bigger booth space for the same price or throw in sponsorship opportunities or show guide advertising that in better times might cost you thousands more. Even if your supplier must hold the line on fundamentals, see if you can’t snag some of the valuable extras.

4. If you have channel or other partners, consider pooling budgets and activities to make your dollars go further

Can you share a trade show booth with partners? Can you initiate a co-op advertising program that sees you put up some of the cost while your channel partners put up the rest? Is the opposite available to you — are you a channel for an OEM with a co-op program?

5. Do not abandon measurement

If marketing is seen as the easiest thing for companies to cut during a downturn, then measurement is seen as the easiest thing for marketers to cut. After all, it doesn’t really contribute anything, right? Wrong. Harken back to tip No. 2: If you’re not measuring, you have no idea where you are or what got you there, you don’t know what’s working and what isn’t, and you simply can’t be strategic about your marketing spend. When times are good and there’s budget to spare, you might be able to afford to have some things work a little less effectively. When times are tough and every dollar must produce a result, you need to be measuring so you know which tactics are delivering and which ones aren’t.

6. Be transactional if there’s an immediate opportunity

As I’ve already noted, a downturn means different things for different companies. If there is good business that can be immediately secured, be highly transactional in going after it. Alter all your messaging to “Buy now,” and focus on tactics, like advertising and direct marketing, that communicate transactional messaging best.

7. If there isn’t an immediate opportunity, go long

It’s far more likely, however, that your customer’s buying cycle has stalled; it almost certainly has lengthened. So if your customers have hunkered down waiting for the storm to pass, there’s no point in blaring the hard sell at them or offering them discounts and other incentives to immediately do something they’re simply not going to. Does this mean you, too, should hunker down and draw the blinds until things blow over? No, it means your messaging should shift to support longer-term objectives such as awareness building, thought leadership and marketplace education. Tactics like media relations, trade shows and white papers that establish your authority and expertise are a better use of your resources if this is your reality.

8. In all communications, employ story telling that emphasizes how your product or service saves money or drives additional immediate revenue for your customers. Speak to the pain they’re feeling in a recession

Whatever the economic conditions, your marketing and communications messaging should be all about your customer, not you. You should always be speaking to the pain your customer feels that your product or service solves. In a recession, your customer’s pain is almost certainly all about revenue — making more of it or keeping more of it. Make sure you’re speaking to this.

9. Be overly attentive to your existing revenue base

“Love the one you’re with,” says the old song, and that’s never more relevant than in a downturn, when new customers are hardest to acquire. Your current customers are keeping you in business and it’s almost always cheaper to maintain and build business with existing customers than to find new ones. Lavish your existing customers with love, look for low-cost ways to improve the value you create for them, and communicate, communicate, communicate — let them know you love them.

10. Effective relationships never expire, so keep talking

Keep talking to everyone in your value chain, including suppliers, service providers, channels, influencers and, of course, customers and prospects. Even if they can’t use your services or you theirs just now, keeping those lines of communication open and full of useful information will serve you very well when the economy recovers.

Technorati Tags: Marketing, media relations, recession, downturn

As recorded here, I started Tweeting a bit less than a fortnight ago. (Handle is @francismoran, if you’d like to follow me.) Today, I want to come up for air as I barely tread water in the Twitterstream and share a few first impressions.

1. Twitter is the most addictive thing since crystal meth was synthesized, and it has precipitated a massive relapse in my online behaviour.

I am an easily distracted guy at the best of times. So over the past few years, I have instituted some processes in my work life to diminish the potential that my focus on the task at hand will be derailed by incoming emails, news feeds or other bright shiny objects. I turned off all email alerts, stopped using instant messaging services and schedule specific times in my day when I will deal with email, my RSS feed and the like.

Then along came Twitter. At the office, at home, waiting for my Clover at Bridgehead, at the breakfast, lunch and dinner tables, at red lights while driving … hell, almost anywhere and at any time of the day, I MUST check Twitter and see what the ‘Stream is bringing me. It’s obsessive, and I’m actively seeking therapy.

2. Twitter is also incredibly seductive.

I wrote that I intended to use Twitter not as a sort of ersatz IM tool, or as a way to stay in touch with friends, or to post self-promoting updates about what airport I was now landing at. Nope. Twitter, for me, was going to be strictly business. I intended to use it to tweet about things not worth a full blog post, to draw attention to interesting things that came through my RSS reader, to promote great content secured by one of our clients here at inmedia, and to participate in Twitter conversations.

Well, it was that last one that pulled me in. (Right now, I’m channelling Al Pacino’s character in Godfather II.) Before I knew it, I was giving grammar tips, talking about what I’d name my boat if I had one, and, most un-businesslike of all, posting pictures of myself on a Jamaican beach.

3. Twitter has really goosed our blog traffic

It hasn’t all been obsession and personal indulgences, though. While the data points are still relatively few in number, we saw a tidy spike in blog traffic last week, with visitors up about 25 per cent from the weekly average for the previous month, page visits up 80 per cent and a 10-per-cent increase in subscribers. And Twitter has become the third-best source of referral traffic to our blog. All in less than two weeks. Nice.

4. The tools are a bit bewildering

Selecting a Twitter client has been a bewildering exercise. Initially, I started off both reading and posting directly on the Twitter site, hitting F5 every time I wanted a fresh deluge of tweets. Of course, as any member of the Twitterati knows well, there is a plethora of clients that can be installed.

I’ve been testing TweetDeck. It’s okay, but its constant pings are just too demanding on my too-fleeting attention span. Maybe I’ll play around with TweetDeck a bit more and explore its greater functionality but for the moment, I think I’ll continue to use my browser on my desktop.

I’m on my third client for my mobile platform, the iPhone. And it’s here that my obsessiveness really runs amok anyway. I’ve been using the free iStore application TwitterFon for the past several days. I really like the interface, especially how it uses colour to categorize incoming tweets and shows all replies whether or not I follow the person replying. Conversation threads are also very easy to follow. I think I’ll stick with this one. Until a brighter, shinier one catches my eye…

5. @snolen takes the prize for best Twitter Stream this first two weeks

The Globe and Mail’s excellent Stephanie Nolen, who was recently reassigned from the paper’s Africa bureau to its India bureau, kept up a steady stream of live tweets reporting on the Dalai Lama’s speech to his followers marking yesterday’s 50th anniversary of his flight into exile from Tibet. This is the future, kids.

Technorati Tags: Twitter, inmedia Public Relations, inmedialog, blogging, social media

When we launched this blog about 18 months ago, I blamed congenital social media addict Alec Saunders for persuading me that I and my colleagues here at inmedia PR had enough to say that we should be blogging. Nothing we’ve seen in the time since would persuade me he was wrong; our blog has hugely increased our online presence, vastly boosted the ratings for our corporate web site, and both brought us interesting business opportunities and helped validate our expertise on others.

Now we take the next step. Twitter.

And, as I wrote in my very first Tweet, if Saunders is to blame for making me a blogger, then Scott Lake has to take responsibility for making me a Twit. Scott has been pushing me to join the twitterati for a while now, and last week, I did. You can follow me at @francismoran. The tipping point for me was this blog post from the folks at Velocity about how they use many different social media tools, including Twitter, to gain the greatest possible leverage for good pieces of content they generate for their clients.

Now, much as I like to claim to be an early adopter, I’m not terribly early to this particular party. In fact, I’m not even the first person at inmedia to start a Twitter account. That honour belongs to my colleague Linda Forrest (@lforrestinmedia), who wrote her first update in May last year and has been a bit more active while on maternity leave. (We all know that first-time Mums with months-old babies have oodles of time on their hands, right Linda?)

Scott has promised to drop by and give me a crash course in how to make the most of this interesting social media tool. For my part, I think I’ll use it for all the quick comments that seem to occur to me in the course of a week, things insufficiently detailed or profound to warrant a full blog post. We’ll also add a tool to this blog that automatically issues a tweet when we write a new post. I’ll tweet about other posts I read in my hundreds-deep RSS feed, participate in some of the conversations that are going in the twittersphere and, like Velocity, draw the broader web’s attention to some of our clients’ successful content generation.

As with our blog, we’ll keep you posted on how this goes. As a newbie, though, I’d be keen to hear from readers who have had good or bad experiences with Twitter, and how you use it.

Technorati Tags: Twitter, media relations, social media, Alec Saunders, Scott Lake

It was business building 101 this morning at OCRI’s monthly Technology Executive Breakfast, with three executives representing different stages of a company’s growth offering pearls of wisdom and insights learned at the School of Hard Knocks.

Mark Edwards, president of Bent 360: MediaLab represented start-up companies; Rob Woodbridge, CEO of Rove, spoke for growing companies, while Jim Roche, founder and former CEO of Tundra Semiconductor and president and CEO of business and management consultancy Stratford Managers, represented established companies.

Here’s a rundown of the key points discussed by the panel:

1. Diversity among a group of partners or company founders is key to ensure one person’s weaknesses are offset by another’s strengths. Diverse backgrounds and skill sets are vital.

2. Focus. Focus. Focus. A company must have a clear understanding of its own identity. To whom is it selling? Why? What is its value proposition? As Jim commented, if an organization suffers from this lack of clarity, there will be confusion within the ranks, people will come to work at cross purposes and revenue growth will stagnate. Rob shared his experiences about the benefits of Rove’s decision to refocus around one single enterprise product rather than chasing multiple opportunities in both the enterprise and consumer markets with eight products.

3. There is no such thing as overnight success. Citing author Malcolm Gladwell and his book Outliers: The Story of Success, Jim talked about the 10,000-hour rule — the amount of hard work needed to truly master something and achieve success. He contended that behind every “overnight success story” there are, in fact, years of effort under the radar and behind the scenes.

4. Cold calling. Few people tackle this one with gusto, but as the panelists emphasized, if you start with people you know, your list of prospects will run out in short order. If you’re not making contact with clients or prospective clients on a regular basis, then you’re not in business. Mark himself aims to make five calls a day (not necessarily all cold). He emphasized the importance of using tools and databases such as LinkedIn, Dun & Bradstreet and Hoovers to develop contact lists. From there, the trick is to start calling and work through an organization until you have found the receptive individual who has buying authority, or can serve as your internal advocate with those that do. Just leaving a phone message breaks the ice and makes the follow-up call a warm one, he said.

5. When to shake up the management team or make a change was also discussed. Jim acknowledged that most organizations tend to be slow to identify and act on weaknesses that affect an organization. He emphasized the importance of executives acting on their gut instinct since they rarely have the luxury of making a decision with all the facts in hand. If you think there is a problem, there likely is. He considers it a sign of good leadership to be able to provide clear and consistent feedback on a subordinate’s performance with direct, and even brutal, honesty.

6. The value of mentoring was also discussed, not just in receiving it, but in giving it. According to Mark, the rewards flow both ways and he isn’t afraid to seek out as mentors people younger than himself if they have opinions he values and experiences that are relevant. Jim commented on more formalized mentorship in the form of advisory boards or boards of directors and spoke about the leads these people can provide into new customers or financing opportunities.

7. And then there was the cold hard truth that any company operating in the B2B space will have to look outside of its own backyard if it wants to growth. Jim said a Canadian B2B company should expect 70 to 80 per cent of its revenues to come from outside its home market. And though it is a challenge for an earlier-stage company to manage it, a presence on the ground in a foreign market, especially one as distant both geographically and culturally as China, is critical. The challenge is ensuring these staff remained linked into the organization and its culture through frequent contact with the home office, both by phone and in person.

8. And lastly, I can’t fail to mention Mark’s endorsement of engaging with a PR resource to help raise a company’s profile in its target markets.

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