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Shorten Your Job Search by Writing a Compelling Value Proposition Letter — Part 2

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Compelling Value Proposition Letter

In this column, I will be keeping the promise I made in my last column (Part 1) to provide examples of value proposition letters you can send unsolicited to employers as part of your job search activities. In other words, you are not responding to a job posting with your resume and a value proposition letter; instead, you are fishing for possible employment opportunities now or in the future.

Before you get to my examples, here are a few recommendations to increase the chances of your email being read and acted upon:

  • Keep your letter to a maximum of 300 words.
  • Copy/paste your letter into the body of your email. Never send your letter as an attachment.
  • Always address your letter to a specific person.
  • Make your email subject line compelling enough to get the recipient to open it. Your email subject line determines whether or not your email will be opened. Spend extra time crafting an eye-catching email subject line.

 

EXAMPLES:

  • In 3 months, I grew my employer’s Instagram followers by 30%. Now I want to be your next social media manager.
  • Social Media Manager with Non-Profit Expertise Interested In Helping Your Team
  • Revolutionize Your Call Centre Operations with My 20+ Years of Experience

First value proposition letter example (171 words):

Dear [Executive],

More than 20 years later, I still recall first eating Kay’s Potato Chips, your Sour Cream & Onion, while visiting an aunt who lived in Dayton, Ohio. I was immediately hooked. Therefore, I was thrilled to see you breaking into the Canadian market and your chips now available in grocery stores throughout Ontario.

Given your expansion into Canada, I would not be surprised if your Procurement team is pushed to the limit. (This is your pain hypothesis which in this case is not a stretch when you consider the demands on a company expanding into a foreign market.)

When I was a Senior Buyer/Planner at Deep Nutrition Corp. before its acquisition by Soylent Industries, I created the company’s first Supplier Quality Assurance program along with negotiating cost-saving long-term agreements with Deep Nutrition’s top four suppliers. Those agreements helped Deep Nutrition grow sales volume from $14 million when I arrived to over $31 million within three years.

Can we talk over the phone about Kay’s Potato Chip’s expansion plans for Canada and your current supply chain? With my background, I can help your company’s expansion plan proceed as smoothly as possible. I look forward to hearing from you.

 

Sincerely,

 

Nick Kossovan

LinkedIn profile: https://www.linkedin.com/in/nickkossovan/

Second value proposition letter example (265 words):

Dear [Executive],

I am writing to express my interest in bringing my sales skills to Prescott Pharmaceuticals. With over 24 years of pharmaceutical industry experience, 16 with Edgars Industries, I have a track record of successfully selling pharmaceutical products to healthcare providers and institutions.

As I am sure you are aware, Umbrella Corp. has expansion plans to come to Canada in the latter part of this year. Therefore, you and Prescott Pharmaceuticals’ leadership team are likely brainstorming how your company will maintain its current market share while staying ahead of Umbrella Corp.

Having someone like me, who has built a successful pharmaceutical sales career on the premises “relationships are everything” in the field, would notably differentiate Prescott Pharmaceuticals for Umbrella Corp.

My high-level achievements include the following:

  • Developed and executed business plans for various pharmaceutical products in the Prescott Pharmaceuticals portfolio targeting primary care and specialty physicians throughout Canada’s Atlantic region.
  • Exceeded sales targets by 10% every quarter and beat department averages by 25% every quarter for the past 7 years.
  • Grew market share by 20% for 30+ products in the Atlantic region. (my territory)
  • Generated an average of $18 million in revenue per year.
  • Two-time recipient of the Albert P. Johns internal company award for sales excellence.

As you can see, my core capabilities are selling a portfolio of pharmaceutical products and developing local strategic business plans to increase market volume.

I would happily jump on a call with you over the next few days. If nothing else, I can share insights about how I achieved the abovementioned results.

I look forward to hearing from you.

Sincerely,

Nick Kossovan

LinkedIn profile: https://www.linkedin.com/in/nickkossovan/

It is no secret that there is a lot of employee churn happening. Hence, you can be certain that most employers have several current, or soon-to-be, openings. So, put yourself in an employer’s shoes. If an opening suddenly arises, especially an unforeseen opening, say due to an employee moving on, what is more straightforward, posting the job opening and spending time shifting through 100s of resumes, mostly from unqualified job seekers and then conducting interviews, etc., or reaching out to someone who sent a value proposition letter?

Yes, some recipients will delete your letter. Some will forward it to HR, where it will languish in the “black hole,” however, there will be those who will email or call you, especially if your timing happens to be right. Incorporating sending value proposition letters as part of your job search strategy gives credence to the adage, “You have nothing to lose and everything to gain.” 

______________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

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