Author: Kosta Petrov

  • You work in PR? Read this!

    You work in PR? Read this!

    PR is dead – how many times have we all heard this in the past couple of years?

    Yes, social media is becoming more important than ever but don’t forget- when crisis hit (and they will hit you for sure) it is your PR pros that will come and help you clean up the mess, most probably, created by the same people that continuously claim that our profession is dead. Let’s be honest – PR pros are the guardians of a (your) company’s reputation. Without their input, existence and advice, even the smallest of crisis can and will lead to your brand’s demise.

    I recently had the privilege to spend a day with some of the world’s most innovative PR professionals and everyone pretty much agreed on one thing – in some ways everything has changed for us but in some ways, nothing has changed at all.

    So, how do we continue guarding and protecting our companies’ reputations in times of constant crisis? Below are some of my most favorite tips by some of the people shaping today’s rapidly changing PR world.

    1. Be clear about what we do as PR professionals! Remember these 3 Ps

    we position, we promote, we protect

    2. Be brave and ask why! Don’t assume everything has been thought through. Have a quiet word with your CEO and have the courage to ask him WHY? Why things are done this way? Why are we doing this?

    3. Educate your colleagues on data leaks and cyber-crime. 42% of companies have been hit by cyber-crime and $315 billion of revenue was lost last year due to data leaks. Many hacks that happen nowadays are due to human failure, not technology failure. More importantly, majority of cyber vulnerabilities come from employees who clicked on the link or opened the attachment.

    4. While on the topic of data leaks, remember: communication can be recovered. If you don’t want it to be revealed don’t write about it in the first place!

    5. When you are writing a press release or creating a content, don’t just think of your target group and your customers, also think of the most unfriendly eyes who could be reading it!

    6. OK, so crisis hit! What do we do? In a crisis, the simplest questions are the ones a child would ask (why did this happen?) As a PR pro and as a corporation you must be able to answer this.

    7. The earlier you say sorry, the earlier people will settle with you and they will settle for less.

    8. While on the topic of saying sorry! Sorry is often the hardest word… but if it’s delivered with authenticity, it’s the right word.

    9. The key to crisis management is survivalability – you need to come through as a better organization

    10. Finally, always keep this quote by Christopher Penn in your mind: brand power makes people search for you, reputation makes them convert!

  • What the US Election Has Taught Me about Making It Big

    What the US Election Has Taught Me about Making It Big

    I started my own business six years ago. Like most new entrepreneurs I had a great amount of enthusiasm but lack of practical experience. So what did I do? I started reading any book and article I could find on entrepreneurship.

    I wanted to know what made Steve Jobs and Mark Zuckerberg such amazing creative geniuses and leaders. I wanted to understand how Amazon and Google became the world’s most admired brands. I felt I could learn so much from these amazing personalities and brands.

    As time went by and my business started to expand and grow I started wondering whether my management and leadership styles were truly effective. What would Steve Jobs have done if he ran my company? How could I make my company more Google like? What would Jeff Bezos do if he was our CEO? After all, these people are the creative geniuses of our time, right? They are the best in their league.

    What does this have to do with the US elections, you might be asking yourself! A lot! A lot!

    Let’s look at Donald and Hillary.

    Hillary represents all the books that most of us read to get inspired! The nicely designed, sugar coated, just believe in yourself type of books. They are great books, don’t get me wrong but they do not really represent the truth. Yes, Steve Jobs was a creative genius but everyone that has ever worked with him would agree that he was not the nicest person in the world. It was his way or the highway. Quite different from the collaborative thinking that we are being told to implement in our companies. Also quite the opposite from the leadership styles that most books on entrepreneurship are promoting.

    So, my question is, in today’s, obviously, very crazy world, does being nice, open minded, collaborative and emotionally intelligent really pay off?

    If you look at Donald’s victory, the answer would be NO!

    Yes, he is racist, yes he is ageist, anti-feminist, gay, Muslim and immigrant hating, self-loaded person but he has two things that, I think, all the great business leaders we admire had and still have- arrogance and ego! The two things that all of the fancy books we buy on daily basis say that we should not have if we want to become great leaders.

    So what does this mean? Does it mean that your ego will bring you more success than being understanding and considerate of others? Does it mean that being arrogant is actually the way to make it in life?

    Maybe yes, maybe not!

    But the one thing that this election has definitely taught me is that there are no rules when it comes to making it big! No rules whatsoever!

    Hillary was the picture perfect candidate but she lost! Donald was the arrogant prick that won! Very similar to the entrepreneurship world around us! The hipster guy working from an exotic beach is the perfect picture of entrepreneurship. But! But he is not the guy that will make it really big. It is the arrogant guy that eventually will start playing the corporate game and shove his arrogance in people’s faces that will truly win the entrepreneurship race.

    So what do we do, do we change? Do we stop sugar coating reality and start presenting it the way it is? It seems that things are moving that way! More and more entrepreneurs are starting to get fed up of the “pink” interpretation of today’s business world and the whole just “believe in you” mentality. I just hope that arrogance and ego will not completely replace the two.

    Finally, in a world obsessed with winning and “Wolf of Wall Street mentality” the US election showed that no matter the hard work, no matter the sacrifice, no matter the winning spirit, sometimes the answer will be NO and there will be times when your effort, no matter how big, will result in failure.

    And maybe this is the greatest lesson of all. It is OK to fail. It is completely fine to admit that – ‘There have been a few times this past week when all I wanted to do is just to curl up with a good book or our dogs and never leave the house again.’