Showing posts with label value. Show all posts
Showing posts with label value. Show all posts

Monday, January 12, 2015

3 Things Clients Say And What They REALLY Mean



Entrepreneurs are among the most optimistic people on the planet and with good reason. It takes tremendous courage and resilience to build something from nothing and to keep building year over year. Entering the 4th full year of business ownership, I've learned how to decipher what clients and potentials really mean when they say certain things. Regardless of where you are in your entrepreneurial journey, the sooner you understand these 3 things clients (and potentials) say and what they REALLY mean, the better off you will be.

1. You have one or two typos in your proposal, it's no big deal but you should be aware.

This is code for if I didn't know and trust you, I'd have judged you. There have been multiple times in my journey that I have heard this from someone who bought from me already. While I went back to look for the typos, I have to say it wasn't until late last year that I paid someone to review my writing, all the time.  And that is not cool. I am certain that my oversight has cost me business.  On one RFP we lost, the gentleman who gave me feedback told me that my "typos did not affect the vote" but the fact that he mentioned them tells me it's important. Your friend/colleague/potential is telling you to stop being sloppy and it is blessing that they are doing so. It is tough to pay for services at any stage of your business but especially in the early days. It is easy to review things yourself and hope for the best. The problem is you only have one shot with some folks, even people who know and trust you.  Don't do what I did and ignore suggestions for proofreading. Do something. Today.  It is worth it in the long run. Don't lose business or face over a typo.

2.  Our team is having some heartburn, I'm working on it. 

This is classic for one person has a major sticking point in something you said and I'm trying to clean it up.  While this one is not one you hear often, it is common when you present to groups and have to get many different people to buy into your idea/solution/service. Don't be afraid to ask your contact point blank what the issue is. I had several instances of this and in 2014, I mustered up the courage to ask my client directly. They were so relieved for several reasons. One, they did not want to "give up the information"without a direct inquiry. It was a very sensitive discussion and because I asked directly, I gave them an opportunity to tell me with a clean conscience. Two, they were genuinely in a tough spot of not knowing how to answer.  The people who know you and want to do business with you are putting themselves out to bring you in. When there is push-back, it is on you to make it easy for them to advocate without selling you. Asking directly what the issue is and for an opportunity to address it yourself. This not only makes life easier on your contact  but gives you another shot to demonstrate why you are the right person for the job. You take the burden of selling you off your pal and put it firmly where it belongs - in your own hands.

3.  We are having some challenges with the budget.

"Challenges with the budget" means you have not clearly articulated how you will add value to the organization with your project. This one is really cut and dry - it needs to be crystal clear how what you will do will  do one of the following: save the company money,  make the company money or solve a problem that has gone unsolved. Now, when consulting in the space that I am in organizational development, inclusion strategy or strategic planning, it is slightly tougher to articulate but must be done. The person on the other side of your proposal wants to work with you. People don't get to the proposal stage of potential projects without a clear budget expectation in mind. When you get to the final stages of the sale and money is the issue, you have not demonstrated value very well.  Ask the budget, whenever possible. You avoid putting yourself in a tough spot later by taking the risk to learn what the budget is as soon as you can. Another tactic we use is finding out the "pain", the thing that keeps them up at night.  When you can solve a problem that is eating away at someone, they always find the "budget." No joke.  My favorite example was last year when a potential and I went back and forth for a few months on a project that he could not get approved budget wise. Finally, I sent him a note that stated why we may not be a fit at this time and how I am ready when they are ready for my type of services. Within 2 weeks, he came back with his own discretionary budget. When you clearly show how what you can do, people find the funds.

Those are the most common things I've heard over the last 3 years and how we've solved for them. We rarely hear these anymore.  Take time to peek behind the words and understand what people are really saying, especially people who connect with you. Few people connect with the intention of wasting time.  Make it easy on all involved by anticipating needs and addressing them for smoother selling.




Monday, April 28, 2014

2 Ways My $5 Ring Can Change Your Business

My flea market "valuable" ring recovered
A few months ago, I noticed that one of my favorite rings was missing. I could not find it in any of the "usual" lost locations. I'd give up on finding it.  Since I got it really cheap at a flea market over 5 years ago, I decided not to obsess over it and move on.

How delighted was I to find it today! But it's reappearance has so much more symbolism than recovering a favorite old accessory. It is another sign in my life about my current path as an entrepreneur. There are so many questions in my old battered ring. When did I lose it? How did I not see it before? Was it in the pile of snow that just melted less than 30 days ago? How did it lose it's shape even more? I did come up with two powerful and timely messages in this ring:

You Assign Value

This $5 flea market ring was one of my favorite purchases ever. I loved the ring and the woman I bought it from. I remember it like it was yesterday. She had long dreadlocks and smelled of patchouli. She complimented me on my "gorgeous" kids and told me she made most of the pieces I saw before me.  I reviewed many pieces before I decided on the silvertone ring with the cloudy blue stone. When she said it was five dollars, she quickly let me know that the stone was not real nor was it real silver. I just asked her if she'd made it. She threw her head back and laughed loudly while confirming she did but that it was a test piece with no value. She went on to tell me it was one of the first pieces she ever made and she never really liked it. In that moment, I wanted it even more. I didn't know why at the time but I do know now.  I was in the early stages of starting my business when I stumbled across this stand. While she attached no value to her test piece, it was very valuable to me. It represented her independence and her success as a jewelry maker. And I wanted to wear it. Ironically, it is one of the rings I get the most compliments on when I wear it and that is why I was heartbroken when I lost it. I bet that flea market vendor has no idea the value I've assigned to something she easily parted ways with.

You Get What You Look For

This morning, I was not looking for anything. I took the dog out as I normally do. The windy rain made me keep my head down versus my normal viewpoint. The dog stopped in her normal place to pee and this time something slightly dull yet shiny caught my eye. It was the frame of the ring. I recognized it before I could bend down to pick it up and the story from above rushed back to me. But where was the stone? I reviewed the section where I'd found the ring pretty carefully but did not see it. And because I did not want to relive the hurt of "losing" the ring all over again, I tossed the dingy ring frame into the garbage heap. It is garbage day and I was right there. Then, suddenly, I felt compelled to look again, look more closely. I did not just review the immediate area where I found the frame but the entire patch of land surrounding my mailbox. Within a minute, I found the mud covered blue stone, not even buried in the grass but sitting slightly high and in the open. Are you kidding me? I thought with a giddy smile. This was my beloved ring and now I have it back.

This is a perfect metaphor for my work life right now. I have lots of remnants of projects and proposals out there as a steady corporate gig is coming to a close. Ever so often, I catch myself worrying if I'll be able to replace this income and replace when it dries up in less than 60 days.  Finding my ring lets me know I will. Why? There is value to what I do with my company. Every day, I am privileged to spread that work more and more. And every day, others are realizing that value but I had to assign value to it first. It is easy to doubt yourself and your business when you are a small service business as we are. Cleaning up that dirty old ring has value to me because it represents an entrepreneur who believed in herself enough to start something. Every time I look at it, it has tremendous value to me. It is a reminder of never giving up on my dream to revolutionize relationships on planet Earth.

Finally, you get what you look for. There is effort involved. Clearly, I could have just tossed the ring frame and come back inside or gone for my normal walk with the dog but I chose to look for the stone of my favorite ring in the grass. I'd started to pout about losing the ring all over again. I tossed it and resigned myself to not having something I wanted, even though it may have been just under my feet.  Just as I took the time to look for the stone and found it, I am taking the time to look for new projects within my network. Sure, there will be some extra effort over the next 60 days but without it, I have no chance of replacing the income that is about to dry up. Panicking. Complaining. Freaking out. All fine but none of those reactions will get me closer to my goal. I am looking to win and keep growing my business. I am looking to grow and employ more people, more often. And just like the extra few seconds I took to look for my ring rewarded me- I am certain my extra effort with my business will reward me, too.

Finding my ring, my favorite cheap flea market ring in the grass today is a sign of what great things are on the horizon for my business.