Thinking Like a Business Owner
Master the core concepts of thinking like a business owner tailored specifically for the Public Relations Pr Agency industry.
💡 Core Concepts & Executive Briefing
Understanding the Capitalist Mindset
In a PR agency, your “capitalist mindset” is the ability to scale without sacrificing quality. The core idea is the 80% Rule: if someone on your team can do a task to 80% of your personal standard, you delegate it fully—and only step in for the last 20% when it truly matters.
In PR, you’re always juggling time-sensitive work: press pitch windows, journalist response times, draft approvals, and event deadlines. If you personally touch every detail, you’ll feel busy, but the business will move slowly.
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Why the 80% Rule?
PR perfectionism kills speed. If you demand 100% approval on every draft, your team waits on you, timelines slip, and opportunities disappear. Journalists don’t pause for internal approval chains.
So you need a standard that protects outcomes without trapping execution.
Example (PR-specific): A PR director keeps rewriting every media pitch email subject line and opening paragraph. The team can draft pitches in a day, but your approvals add two days. Meanwhile, the reporter you targeted publishes the story with someone else.
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The Importance of Delegation
Delegation in PR isn’t “go do it.” It’s “go do it with clear success criteria.” When you delegate, you build two things:
1) Capacity (more work can be completed while you focus on high-leverage tasks), and
2) Accountability (your team owns the result, not you).
Example (PR-specific): You assign a junior account manager to run the first round of press list research and contact cleanup (emails, titles, beat alignment, recent coverage). Your job becomes confirming strategy fit and quality thresholds—not writing every pitch from scratch.
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The Role of Trust in Leadership
Trust matters because PR is iterative. You rarely get the perfect draft or the perfect angle on the first try. Reporters respond, coverage changes, and messaging evolves.
When your team feels trusted, they:
- move faster,
- flag risks early,
- and improve with real feedback.
Example (PR-specific): After a product announcement, your team drafts a quote sheet and boilerplate. If they fear blame for “minor” inaccuracies, they’ll slow down. If they trust the process, they’ll confirm key facts and get the first version into your outreach workflow quickly.
Implementing the 80% Rule
1. Identify Tasks to Delegate
Create a list of PR tasks where 80% quality is good enough to move forward. Typical candidates:
- first drafts of media pitches,
- press list building (first pass),
- compiling reporter background notes,
- scheduling media appearances on the client’s calendar,
- drafting social companion copy tied to approved messaging.
2. Empower Your Team
Delegate with rules. For instance:
- Pitch emails must include: a clear news hook, why the reporter cares (beat fit), and a tight ask.
- Quote sheets must source claims to approved facts.
- Releases must follow your formatting checklist and include the latest spokesperson title.
Then give authority to execute within those boundaries.
3. Monitor and Adjust
Don’t “approve everything.” Instead, review in a way that catches problems early:
- audit samples (e.g., 10 pitches per week),
- run a post-mortem after campaigns (what got replies, what got ignored),
- and update templates based on performance.
Example (PR-specific): You review only the first 10 lines of each pitch email for the next 2 weeks. If performance is solid, you stop heavy reviews and focus on strategic upgrades (angle, exclusivity, timing).
Conclusion
The capitalist mindset for a PR agency is delegation with guardrails. Use the 80% Rule so your team can execute quickly and your leadership time goes to what actually moves the needle: strategy, positioning, high-stakes approvals, and journalist-facing decisions that affect outcomes.
⚠️ The Industry Trap
📊 The Core KPI
🛑 The Bottleneck
✅ Action Items
2. **Set approval tiers**: e.g., the team can send drafts that pass a template checklist; you only review for sensitive claims (pricing, lawsuits, compliance) or strategic positioning changes.
3. **Use a pitch review sampler**: each day, review a random set of 3–5 pitch emails for the week’s batch, not every email. If they pass, stop deep edits.
4. **Create ready-to-use templates** in your PR tool (pitch email template, reporter research note format, boilerplate + CTA blocks) so “first draft” quality is consistent.
5. **Run a 10-minute daily standup for approvals**: flag anything that needs founder input before deadlines, so nothing waits until the last minute.
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