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“Growth Strategies
for Independent Practitioners”
Presented by PRSA’s Independent Practitioners Alliance
                 October 16, 2011
           PRSA International Conference


                Jennifer Heinly, MBA
               Kelly Jackson Davis, APR
                Natalie Ghidotti, APR
Section Membership
•   Membership is open to any PRSA member

•   230+ members across the country

•   Designed to meet the needs of practitioners working independently or in virtual teams

•   $60 annual dues
Membership Benefits
Networking
 •     IPA E-Group on PRSA MemberNet
 •     Linked In and Facebook Groups
 •      Section event at PRSA International Conference
Website: www.ipa.prsa.org
 •     Blog
 •     Member Directory
 •     Section News and Announcements
 •       Resources and Information
Professional Development
 •     90-minute teleseminars
 •     Half-Day Virtual Conference
 •      Master Class at PRSA International Conference
Vendor Discount Program
Vendor Discounts
DigiClips
  •      Broadcast, Print and Online News Monitoring Services
PressKit 24/7
  •       Discounts on online press kit technology, expert databases and online contact management
Critical Mention
  •    Real-time, web-based television search and monitoring service
eNR Services
  •         Discounts on tools for media monitoring and measurement, media outreach and strategic
            planning
Section Executive Committee
Chair:                   Program Co-Chairs:
Jennifer Heinly          Kelly J. Davis, APR
Foothill Ranch, CA       Columbia, SC

Chair-Elect:             Katie Coates-Ageson, APR
Natalie Ghidotti, APR    Huntington Beach, CA
Little Rock, AK
                         Sponsorship Co-Chairs:
Secretary/Treasurer:     Sara Platte, APR
Ann Videan, APR          Honolulu, HI
Mesa, AZ
                         Carina Bustamante
Immediate Past Chair:    Mexico City, Mexico
Jamie Meredith
Savannah, GA             Communications Co-Chairs:
                         Barbara Nash, APR
Membership Chair:        Madison, AL
Kristie K. Aylett, APR
Ocean Springs, MS        Karen Yarbrough
                         Huntsville, AL
Jennifer Heinly, MBA
Virtual Agency Model
• Founded in Denver in 1989 as a sole proprietorship.
• Evolved today to a virtual firm with partners and
   subcontractors. Still a sole proprietor.
• Why this business model works for me.
Kelly Jackson Davis, APR
 Boutique Firm Model
Evolution of Our Business
Model
•   Started as sole practitioner in 2004

•   Virtual Agency Model

      •     Team of other creative professionals

      •     Member of PRConsultants Group

•   Acquisition of another PR firm

•   Growth to Boutique Agency
Things to Consider
BUSINESS SIDE                         CLIENT SIDE
• Letter of Intent                    • Will clients move to new agency?
• Due diligence                       • How will you inform them?
• Accounting                          • How will you transfer files, knowledge,
• Legal                                     plans, etc?
• Tax implications                    • Client maintenance and retention
• Contract                            • Billing, fee structures and client contracts
• Physical location
• Employees of the acquired company
Pros & Cons
PROS                                   CONS
• Allows firm to grow                   • Location challenges (mail, etc.)
• Increase visibility                  • Take on the identity of the acquired firm
• Combine the strengths of both firms   • Differences in work styles, personalities
• Enables addition of employees to     • Employee issues
     service more/larger accounts
Natalie Ghidotti, APR
Agency Partnership Model
+   =   SUCCESS
Agency Strategic Partnership
•   GC provides all PR services to ERI (and GC uses ERI for design work)

•   Separate businesses, separate employees

•   Base Pay + Profit Share + Overhead Arrangement (supplies, office space, etc.)

•   Separate clients, though all ERI clients come under the ERI agency umbrella

•   In essence, ERI is GC’s largest client

•   PRConsultants Group membership adds a level of expertise to the partnership
What to Look for in an
Agency Partnership
•   Similar values and work ethics

•   Growing agency, yet not so big that there’s already an established PR department

•   Creative minds

•   Leadership opportunity where you guide the PR arm

•   A willingness to be true partners – as business grows, must address the business arrangement to ensure
    fairness for all partners
Pros & Cons
PROS                                          CONS
                                              • Mixed identities (GC and ERI names, email
• Stable accounts/ongoing business for             addresses and business cards)
       the independent                        • Insurance issues (employees with and
•   Pulling together the best in the biz to        without)
       create a successful team approach      • Risk of partnership falling through
•   Can go for larger accounts that an        • Harder to groom your own clients because
       independent can’t typically do              of the workload of the agency
•   Creative like minds to bounce ideas
       off and stay fresh
•   Design/media services always
       available for your clients from
       people you trust
Jennifer Heinly, MBA
       IPA Chair 2011
        J&J Consulting
      Foothill Ranch, CA
   www.jandjconsulting.net
jennifer@jandjconsulting.net
        @jenniferheinly
Kelly Jackson Davis, APR
 IPA Program Co-Chair 2011
Davis Public Relations & Marketing
          Columbia, S.C.
  www.davispublicrelations.com
 kelly@davispublicrelations.com
             @davispr
Natalie Ghidotti, APR
        IPA Chair-Elect 2011
       Ghidotti Communications
           Little Rock, Ark.
  www.ghidotticommunications.com
natalie@ghidotticommunications.com
              @ghidotti

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Growth Strategies for Independent Practitioners

  • 1. “Growth Strategies for Independent Practitioners” Presented by PRSA’s Independent Practitioners Alliance October 16, 2011 PRSA International Conference Jennifer Heinly, MBA Kelly Jackson Davis, APR Natalie Ghidotti, APR
  • 2. Section Membership • Membership is open to any PRSA member • 230+ members across the country • Designed to meet the needs of practitioners working independently or in virtual teams • $60 annual dues
  • 3. Membership Benefits Networking • IPA E-Group on PRSA MemberNet • Linked In and Facebook Groups • Section event at PRSA International Conference Website: www.ipa.prsa.org • Blog • Member Directory • Section News and Announcements • Resources and Information Professional Development • 90-minute teleseminars • Half-Day Virtual Conference • Master Class at PRSA International Conference Vendor Discount Program
  • 4. Vendor Discounts DigiClips • Broadcast, Print and Online News Monitoring Services PressKit 24/7 • Discounts on online press kit technology, expert databases and online contact management Critical Mention • Real-time, web-based television search and monitoring service eNR Services • Discounts on tools for media monitoring and measurement, media outreach and strategic planning
  • 5. Section Executive Committee Chair: Program Co-Chairs: Jennifer Heinly Kelly J. Davis, APR Foothill Ranch, CA Columbia, SC Chair-Elect: Katie Coates-Ageson, APR Natalie Ghidotti, APR Huntington Beach, CA Little Rock, AK Sponsorship Co-Chairs: Secretary/Treasurer: Sara Platte, APR Ann Videan, APR Honolulu, HI Mesa, AZ Carina Bustamante Immediate Past Chair: Mexico City, Mexico Jamie Meredith Savannah, GA Communications Co-Chairs: Barbara Nash, APR Membership Chair: Madison, AL Kristie K. Aylett, APR Ocean Springs, MS Karen Yarbrough Huntsville, AL
  • 7. • Founded in Denver in 1989 as a sole proprietorship. • Evolved today to a virtual firm with partners and subcontractors. Still a sole proprietor. • Why this business model works for me.
  • 8. Kelly Jackson Davis, APR Boutique Firm Model
  • 9. Evolution of Our Business Model • Started as sole practitioner in 2004 • Virtual Agency Model • Team of other creative professionals • Member of PRConsultants Group • Acquisition of another PR firm • Growth to Boutique Agency
  • 10. Things to Consider BUSINESS SIDE CLIENT SIDE • Letter of Intent • Will clients move to new agency? • Due diligence • How will you inform them? • Accounting • How will you transfer files, knowledge, • Legal plans, etc? • Tax implications • Client maintenance and retention • Contract • Billing, fee structures and client contracts • Physical location • Employees of the acquired company
  • 11. Pros & Cons PROS CONS • Allows firm to grow • Location challenges (mail, etc.) • Increase visibility • Take on the identity of the acquired firm • Combine the strengths of both firms • Differences in work styles, personalities • Enables addition of employees to • Employee issues service more/larger accounts
  • 12. Natalie Ghidotti, APR Agency Partnership Model
  • 13. + = SUCCESS
  • 14. Agency Strategic Partnership • GC provides all PR services to ERI (and GC uses ERI for design work) • Separate businesses, separate employees • Base Pay + Profit Share + Overhead Arrangement (supplies, office space, etc.) • Separate clients, though all ERI clients come under the ERI agency umbrella • In essence, ERI is GC’s largest client • PRConsultants Group membership adds a level of expertise to the partnership
  • 15. What to Look for in an Agency Partnership • Similar values and work ethics • Growing agency, yet not so big that there’s already an established PR department • Creative minds • Leadership opportunity where you guide the PR arm • A willingness to be true partners – as business grows, must address the business arrangement to ensure fairness for all partners
  • 16. Pros & Cons PROS CONS • Mixed identities (GC and ERI names, email • Stable accounts/ongoing business for addresses and business cards) the independent • Insurance issues (employees with and • Pulling together the best in the biz to without) create a successful team approach • Risk of partnership falling through • Can go for larger accounts that an • Harder to groom your own clients because independent can’t typically do of the workload of the agency • Creative like minds to bounce ideas off and stay fresh • Design/media services always available for your clients from people you trust
  • 17. Jennifer Heinly, MBA IPA Chair 2011 J&J Consulting Foothill Ranch, CA www.jandjconsulting.net jennifer@jandjconsulting.net @jenniferheinly
  • 18. Kelly Jackson Davis, APR IPA Program Co-Chair 2011 Davis Public Relations & Marketing Columbia, S.C. www.davispublicrelations.com kelly@davispublicrelations.com @davispr
  • 19. Natalie Ghidotti, APR IPA Chair-Elect 2011 Ghidotti Communications Little Rock, Ark. www.ghidotticommunications.com natalie@ghidotticommunications.com @ghidotti

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