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March 24, 2008

Ideas That Matter: Comfort Zones

Some consultants are uncomfortable with selling or with client relationship building, and would rather just do project work. But staying in your comfort zone is actually risky.

I agree with Harry Beckwith, author of Selling the Invisible and What Clients Love. In a Management Consulting News interview, Beckwith points out the relationship between comfort and complacency:

"...comfort nudges us dangerously close to complacency, and nothing good comes from that. It kills businesses, dulls lives, and encourages nothing better than ordinary. Our greatest blessings come from people who refused to be complacent, whether it was Beethoven or the Beatles."

Are there one or two activities that could boost the performance of your practice, but you hesitate because it's uncomfortable? Give them a try.

March 20, 2008

Methodology

A debate persists in the consulting industry about the role of methodologies and tools in the sales process.

Some argue that, once you utter a word about "how" you plan to do the work, the client begins to perceive you as a commodity, rather than an adviser. Others suggest, with equal vigor, that a consultant's methods and tools are central to any sale.

In my opinion, both positions are right--and wrong.

Any experienced consultant will tell you that our business has few hard and fast rules. What works for one client doesn't necessarily work for another. What we really need is flexibility, not dogma.

Naturally, clients will ask you to help solve a problem or envision the future. And it's foolish to talk about how you will get there until you and the client agree on what needs to be done.

But it's equally wrongheaded to believe that prospective buyers should have no interest in your methods. Most clients want that vision of the future and a road map to get there. Providing both, in the right proportion, can help close a sale.

If you tell a senior executive, for instance, that you'll help shave 15 percent off the company's inventory costs, don't be surprised when the client asks exactly how you'd do that. Brush that question off, and expect to be shown the door.

When hiring, say, carpenters, most people don't care if they plan to uses 21 oz., Anti-Vibration Hammers for the job. They leave it to the pros to do the job the best way possible.

Services buyers, though, do care how you will do the work. They want to know how your team will manage the project and communicate with the client's people. They want to know how much disruption to expect, and how you will produce the promised result.

The challenge is deciding what level of detail is appropriate for your audience at various points in the sales cycle. Of course, focus first on what needs to be done. But be ready to answer the inevitable "how" questions.

March 17, 2008

Ideas That Matter: What's in a Name?

The words we use can evoke unintended responses, perhaps because of the listener's pre-conceived notions or past experiences. For example, some clients might have good reason to react negatively to the word "consultant."

In a Management Consulting News interview, I talked to author and marketing expert, Jeffrey Fox, about how consultants describe themselves. Fox had this to say:

"To begin with, the Rainmaker does not use the word consultant. There are a lot of companies that say they don't use consultants. Then you ask do you do your own accounting, your own legal work, or pension management? They all use consultants and, frankly, they should because they don't want to be in those businesses. I think consultant can be a bad word. For that reason you are much better off being an expert in something, rather than a consultant."

Obviously, you can find scores of rainmakers who do call themselves consultants. But clients are paying for expertise and an outcome. Does your title convey, in a meaningful way, what you do for your client?

March 13, 2008

The Trouble with Marketing

If you've ever thought your marketing and sales processes weren't working well together, you're not alone. According to a survey by The Bloom Group, professional services firms' sales and marketing efforts are often out of synch.

Bloom surveyed marketing and sales executives from 224 professional services firms in North America and Europe. The survey found that few firms effectively coordinate marketing campaigns, measure results of those campaigns, or even work from a common client data base.

It's no wonder that only 29 percent of firms are highly successful in creating awareness of their expertise and services with target buyers.

Of course, it's no secret that many firms throw good money after bad in the hopes of making a market impression. But it's equally true that by landing a few engagements, most firms can cover years of marketing costs. And, unfortunately, that seems to be okay with some firm executives.

Have a look at the survey results by visiting The Bloom Group.

March 10, 2008

The One Service Every Consultant Should Offer

In one of our recent webcasts, a participant asked me if there is one service every consultant should offer. I didn't hesitate with my answer.

No matter how different your practice is from that of other consultants, the one service you should offer to clients is a diagnostic assessment. You might refer to your service as a strategic assessment, gap analysis, business process evaluation, or even an initial consultation.

Whatever you choose to call it, the service is a relatively short, systematic project to evaluate a specific area of client concern and offer objective advice. The emphasis is on short, systematic, and objective.

In this month's issue of The Guerrilla Consultant, I'll discuss this service offering, which can form the basis for everything you do with your clients.   

Read the article.

March 09, 2008

From the Bookshelf

Here are two recent books that you might want to have a look at. The first focuses on managing a professional firm, while the second provides advice on becoming a thought leader.

When Professionals Have to Lead, by Thomas J. DeLong, John J. Gabarro, and Robert J. Lees

Leaders of professional services firms face a tricky balancing act: how to manage the sometimes conflicting needs of clients, practitioners, and partners. In their new book, When Professionals Have to Lead: A New Model for High Performance, the authors offer a compelling framework for managing the professional services firm.

Using examples from a range of firms, industry veterans DeLong, Gabarro, and Lees show how this framework functions to:

  • Align a firm's culture with key organizational components
  • Satisfy clients' needs without sacrificing essential managerial responsibilities
  • Address matters of size, scale, and complexity.

The authors provide a creative approach to address the realities of managing a firm, while maintaining the qualities that make professional services firms unique.

The Expert's Edge, by Ken Lizotte

It's easy to say that the path to success in the consulting business lies in establishing a position as a thought leader. But how do you do that? In his new book, The Expert's Edge: Become the Go-To Authority People Turn to Every Time, Ken Lizotte lays out the details.

Using the "Five Pillars of Thoughtleading," Lizotte, the Chief Imaginative Officer of emerson consulting group, outlines the strategies any consultant can use to gain the expert's edge in the market.

March 06, 2008

The Language of Success

Ask any client about the writing habits of consultants, and you’ll probably hear about jargon-laden prose that needs a translator to decipher. It’s never simple to find just the right words for every business communication.               

So, this month in Management Consulting News, we asked Tom Sant, author of The Language of Success: Business Writing That Informs, Persuades, and Gets Results, for his advice on beating the nonsense out of our writing.

Sant has effective writing tips for everything from proposals and marketing messages to email and memos.      

Read the interview with Tom Sant

Also in this month's issue of Management Consulting News, we’re featuring articles on presentation skills, the state of services marketing, how to qualify any client opportunity, and more.                  

Read this month's issue

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