Are You Using the PAR Formula to Grow Your Business?

In business, it is vitally important to demonstrate your business expertise in a memorable way. One of the most interesting and effective ways to demonstrate how you solve problems is to use the PAR Formula.

What is the PAR Formula? It is the case method taught at many of the top business schools such as Harvard, Yale and Wharton. It stands for problem – action – result.

And what does problem – action – results mean? It’s a business story. It’s a way to tell a story about your business that imbeds itself in the consumers’ memory. The beauty of a business story is it has a beginning, middle and end. Therefore, making it memorable and repeatable.

Why is this important to your business? When a story is memorable, it has brand ability. And, it has viral ability, if it is repeatable. By using the PAR Formula, you sear your brand into your market’s mind.

Following are the three key steps of the PAR Formula:

  1. Identify the problem your target audience needs and wants to solve. The more visual and emotion-based you make this, the stronger your audience will identify with the problem and the longer they will remember the story. Tap into all of the senses when telling your story. You want your audience to put themselves into the story.
  2. Describe the specific action that was taken by the person – your client, your friend or your customer – in the story. This is the specific action you advised them to take.
  3. Demonstrate the results achieved by taking the actions. Be clear and concise when describing the results.

Look for ways to use the PAR Formula in your:

  • Advertising
  • Product testimonials
  • Presentations
  • Sales letters
  • Job interviews
  • Media interviews
  • Client interviews
  • New business pitches
  • Your elevator speech for group introductions
  • Articles
  • Blog postings

Digital Marketing Is Important

The world is rapidly getting to be noticeably computerized. Individuals are expanding electronic substance speedier consistently. Organizations and the world when all is said and done are beginning to perceive the significance of going advanced. And it is basic that showcasing offices adjust rapidly to the new conditions and effectively contract experts in the field of digital marketing.

What is Digital Marketing?
It is the advancement of things or brands by suggests that of a minimum of one sort of electronic media. It is critical, in light of its fast development as well as on the grounds that it is basically the fate of showcasing. Many individuals surmise that customary advancement will soon be supplanted completely.

The new strategies are quicker, more down to earth and adaptable than the old conventional ones.

The New Media age has arrived and it’s the ideal opportunity for individuals who have not yet adjusted to open themselves up to this strategy for cooperation and comprehend the different advantages of digital marketing by Digital Marketing Company.

1. More Cost Effective
It is more financially savvy than conventional advertising. This is particularly imperative for independent companies as they don’t have numerous assets or a considerable measure of capital. New media can give you a less expensive and more powerful promoting channel.

2. Use Content to Connect with Customers
Utilizing computerized content either supported or free enables you to associate with customers substantially more adequately than boards, post office based email or PR battles. The quality of your online awareness now straightforwardly connected to the accomplishment of your business.

3. Cater to the Mobile Consumer
Innovation has developed so much that versatile contraptions are never again viewed as minor other options to PCs or tablets. 91% of grown-ups in the only US generally include their cell phones inside achieving separation and routinely utilize them to peruse the web. The biggest gathering of purchasers is utilizing their cell phones every day, so it’s fundamental that you utilize an advertising arrangement that objectives these gadgets appropriately.

4. Realise Higher ROI and Revenue
By expanding your computerized outreach, you can build your income. The more information that you can separate from your effort crusades, the better your expectations and along these lines ROI will be.

5. Track Your Customer’s Journey
Utilizing analytics like Google analytics, you will have the capacity to screen all your client’s activities, inclinations and show signs of improvement understanding into their conduct. Investigation enables you to assemble the persona of your client with the goal that you can offer them the ideal experience.

Business Process Reengineering

BPR (business process reengineering) is the study and redesign of work flow within and between enterprises. BPR accomplished its heyday in the early 1990′s when Michael Hammer and James Champy brought out their best selling book, “Reengineering the organization.” The writers advertised the idea that often extremist redesign and reorganization of an enterprise was necessary in order to reduce prices and increase quality of service of process and that IT was the fundamental enabler for that revolutionary change. Hammer and Champy experienced that the designing of work flow in most prominent corps was primarily based on presumptions about technology, people, and organizational goals that were no more valid. They proposed seven basic principles of reengineering to reduces costs of the work procedure and thereby accomplish substantial levels of business expansion in quality, time management, and price:

  • Organize around effects, not tasks.
  • Consider all the procedures in a corporation and prioritize them in order of redesign emergency.
  • Desegregate information processing work into the substantial piece of work that acquires the data.
  • Process geographically scattered resources as though they were centralized.
  • Link parallel activities in the work flow rather than just incorporating their outcomes.
  • Assign the decision point the spot where the work is carried out, and build control into the procedure.
  • Capture data once and at the source.