Thursday, December 12, 2013

2014: Essential Tips for the Year Ahead

Everyone wants each New Year to be better than the last. To do so, instead of setting broad, generic resolutions, it might be more effective to take small, simple steps to tackle 2014. We have approached some of the most trusted colleagues and associates of Benay, who are movers and shakers in their own industries, to tell us what they feel is most important for a business to focus on in the new year.

We have included a sampling of some of their responses in Benay's "user's guide" to help you best navigate 2014 based on the current the marketplace.









The Benay Way


All of these tips come from the wonderful business colleagues and resources of Benay and Benay clients to boot. We wish all of our clients, colleagues, and friends the happiest of holidays and continued success in 2014.

Wednesday, November 20, 2013

Time Is On My Side - Yes, It Isn't

As a small business owner, I've learned the importance of grabbing your audience's attention as quickly as possible.Attention spans are short these days, especially when it comes to digital content. According to recent market research:
And the most shocking statistic of all: The average person's attention span in 2012 was only 8 seconds.

So as a business professional, what can you do to keep your audience's and employees' attention for longer than eight seconds? One of the most effective ways is to compile information in an easy to understand, entertaining way. A new slideshow platform,PechaKucha, solves this conundrum. According to an article in Inc. magazine, "The rules are  beyond simple. Speakers display 20 slides and spend 20 seconds on each. If you have more than 20 points to make: too bad. Cut some." Ruthless? Maybe. Effective? Definitely. Next time you or one of your team members needs to give a presentation, try utilizing the PechaKucha method, and watch as others listen intently and engage with your ideas.
Looking to start a new business? Have you spent hours working on en executive summary that trails on for pages and pages? Is the marketing plan exponentially growing? Well, stop. Instead of writing a novel about your business, make a "deck."According to Eric Paley in Inc. magazine, "No matter how gifted a writer you are, slide presentations, or decks, are a better way to get your message across." Investors and potential partners will be more likely to follow along with your slideshow presentation than read your ten-page business plan. Writing a business plan is a good way to organize and formalize your ideas but a slideshow presentation will be a more enticing, succinct way to garner support and funds.
The moral of this newsletter is that less is always more. Keeping attention while piquing interest is the challenge we all face in today's digital world.

Wednesday, November 6, 2013

Stuck in the Middle With You: Baby Boomers vs. Gen-X vs. Gen-Y

The Great Recession of 2008 continues to play a large role in today's job culture. Baby Boomers, Gen X-ers, and Gen Y-ers alike are all feeling the effects. Many Baby Boomers have postponed their retirement plans, holding onto their senior positions, and making it harder for Gen X-ers and Gen Y-ers to move into the workforce, let alone move up the company ladder.
Generational Work Styles
Many studies and much research has been done regarding each generation's work-style and their positives and negatives. Baby Boomers may be most likely to hold senior positions due to age. Positives? Most likely to be loyal. Negatives? May lack adaptability. Gen X-ers may be the best team players but rank lowest in cost effectiveness and having executive presence. And Millennials may be the most tech savvy and enthusiastic about their jobs, but rank lowest on being team players.
As Baby Boomers slowly move out of the workplace and the Millennials begin flooding in, managers and leaders will do well to learn how to effectively motivate and manage Gen Y-ers.
Gen Y-ers may be the most brash and overconfident generation yet. "They tend to enter the workforce with very high expectations both for themselves and for their employers, and they often have plans to effect change at their company from day one." Thus, it's important to foster their need for stimulating work that allows them to grow.
The Millennials are often referred to as "the boomerang" or "Peter Pan" generation. About 28% wwill move back in with their parents after college and not become fully independent until their 30's. This leaves Millennials a lot of opportunity to job hop and find the one they're most compatible with. "This lack of fear about holding on to one job tends to make them outspoken and unafraid of the boss."
In turn, Gen Y-ers should take a step back and realize that a green employee will not necessarily be able to change the company right off the bat, even with that "ground-breaking" idea. It's also important for them to be reminded of the old adage, "don't burn bridges." Having unrealistic expectations in a work environment can have repercussions - many career opportunities are made by on-the-ground networking and Millennials will do well to create professional relationships.
Obviously these are generalizations, but recognizing other generations' work traits, wants, and needs can help everyone succeed in their personal careers as well as benefitting the company as a whole. As Mark Smither, VP, Strategic director for Paulsen Marketing said, "Multiple generations working together makes for a better work environment and better end product to customers."
The graph below summarizes the strengths and weaknesses of each generation.   
Graph stats taken from: "Here Are The Strengths And Weaknesses Of Millennials, Gen X, And Boomers" by Vivian Giang. September 9, 2013. 

"Leadership is not about titles, positions or flowcharts. It is about one life influencing another."
- John C. Maxwell

Friday, October 25, 2013

Benay Client, Soho Press Launches a Revamped Website

There’s some more breaking news regarding Soho Press this week. According to an article in Publisher’s Weekly, they've just launched their website with a new goal in mind. The site now allows users to buy titles, sign up for subscription services, and even includes an interactive map with the featured locations in their crime series.

“The new hub was created, the publisher said, ‘with an eye toward direct-to-consumer digital sales,’ and is offering titles at a discount.” Purchased individually, the books are at a discounted price of 30%, with the subscription service, the titles are 50% off retail and arrive monthly. The subscriptions are available for their Soho Teen and Soho Crime imprints.

Brick and mortar stores will still be supported says publisher Bronwen Hruska. “’We will continue to maintain a strong presence in traditional retail markets and libraries, supporting our books there any way we can,’ she said. ‘We will always continue to print galleys for trade shows, mail books to booksellers and librarians, and regularly tour our authors.’”


You can check out their website and newly discounted books here.

- Marcie Gainer

Wednesday, October 23, 2013

Benay Tip: How to Follow and Still Be a Leader


How to Follow and Still Be a Leader


We’ve all experienced that feeling of being overwhelmed with the responsibilities of running a team, a department, or an entire organization, regardless of the size. Everyone needs to focus part of their daily duties on being a leader within their organization, regardless of position. It’s then paramount to use the skills of a follower to be even more effective in the workplace.  When you follow the cues of your staff, coworkers, clients, or even mentors and role models, you’ll be able to learn what’s working in your organization, how to fix or improve it, and how to truly grow your business.


Change Your View of Leadership

Past traditional models of business leaders may have consisted of taking constant meetings in-house to review, evaluate and respond to data. It’s not unusual to picture the manager or CEO remaining separate from staff, creating and maintaining the distinction between boss and employee. I suggest that like Henry V and the battle of Agincourt, you fight with your troops on the battlefront of your business—let them see your own strengths and fortitude! If all you’re doing is creating, reading and evaluating reports and financials, a vital responsibility of any position, you’re not on the front lines of your business, seeing and meeting staff and clients alike. If you are spending all your days behind your desk instead of in front of your employees and customers, you’re doing something wrong. Get up and get out, to industry events, to spend time with staff and customers, and learn what you and the company are doing right (and wrong) and how to improve.

Look Sideways as Opposed to Up and Down

 We have a tendency to view organizations in a hierarchical manner but often people work better and are more productive if they are accountable to a group of equal level co-workers rather than one leader. It’s one thing to let your boss down, it’s another to let your co-workers down, and have them share in the blame. I often am amazed by the constant talk of employers needing to find team players yet not giving them the opportunity to truly participate in being part of a team.  If you delegate leadership & accountability you create many more captains than yourself, who often might have a better skill set, ideas or motivational qualities in a particular area than yourself. Empower your captains and let them participate in growing the troops and business along with you.

Cultivate Your Corporate Culture 

There’s an internal brand and an external brand to every company, and often the chasm between the two are quite wide. We may think of the behemoth Amazon as an incredible company but it has a high turnover rate and a great deal of internal employee dissatisfaction (find article link). While you’re up and out from behind your desk, you’ll be cultivating your own brand and corporate culture to both employees and clients alike.  When was the last time you asked a staff member or client, “What is it that we do best? How can we make the workplace/product/brand better?” Don’t forget to strengthen your internal brand to increase employee retention, internal and external growth. Do so by leading to follow the company focus, energy and culture that you and your staff have worked diligently to create together.

Remember the old adage by Sir James Dewar: 
“The mind is like a parachute;
it works best when open.”

Tuesday, October 22, 2013

Another Big Congrats to Soho Press

At this point, it’s not as much of a surprise as it is a pleasure for us at Benay to see our client, Soho Press in the New York Times Book Review. Soho Crime, an imprint of Soho Press, has recently released The Monster of Florence to American audiences. Written by Magdalen Nabb about several double homicides in Florence, Italy from 1968-1985, The Monster of Florence was published in Britain in 1996 but never made its way to American audiences.

The story revolves around the intuitive detective, Marshal Salvatore Guarnaccia. Guarnaccia may not be the brightest detective but he understands people on a deeper level than most. “He watches, he listens, he asks discreet questions, and his intuitive intelligence (‘He either knew things or he didn’t) gives him insight into minds closed to reason.” The book is written in Nabb’s “expressive style” and “is one of [her] darkest novels, almost shocking in its disenchanted acknowledgement of human brutality.”


Another exciting win for Soho Press. You can read an excerpt of the book on their website.

Thursday, October 3, 2013

Quality Job Ads Can Yield Quality Candidates

Job hunting in this economy for many is like finding a needle in a haystack. With the influx of people into the job market, it can be equally as demanding for an employer to find the right candidate as it is to find a job. Post a job listing? You can expect about half of them to be serial appliers – people who apply to every job they can, whether or not they have the right qualifications. According to this article in the Wall Street Journal, maybe it’s time for employers to spend more time writing a quality job ad. It turns out that a quality ad brings quality candidates. Who’d have thought it?