Entries by Catalyst Performance Consulting (31)

Tuesday
Aug182015

5 Tips for Writing a Win-Win Proposal 

After several years of writing many proposals with mixed success, here are the key lessons I have learned for writing a proposal that’s a win for you and the client.  

  1. What’s the problem? Following a professional-looking cover page, start the body of the proposal with a summary of the client organization and their presenting problem. This shows that you were listening and reminds them about the agony of their current situation. If it is possible to describe how the issue impacts their business in terms of cost, schedule, quality or customer relations, this helps to convey the return on their investment in your offer.
  2. Why are you right for the job? Next, provide a short summary of your background, illustrating why you are qualified to help an organization such as theirs with a problem such as the one they’ve described. Provide a link to a more detailed biography and testimonials, such as your LinkedIn profile.
  3. What’s the offer? Give a high-level overview of the approach you intend to take. Don’t spell it out in so much detail that they can hand it to someone else at a cheaper rate to easily implement. If offering multiple options at various prices (which I highly recommend), show the options in a table or other format for easy comparison.
  4. What’s the plan? Show that you expect to win the proposal and that you’re prepared to implement any one of the offers. Include draft timelines, any deliverables, and the expected results.
  5. How long is the offer good? Establish an expiration date that provides a short but reasonable period of time for the offer to be considered. Two to four weeks has worked for me. This gives you a good reason to follow-up and gives the client a sense of urgency to make a decision. Before I started including expiration dates, I had a client want to accept a proposal that I presented a few years prior. By that time, my prices had increased and my calendar was full. That created an uncessarily awkward situation.

 

Monday
Aug102015

Top 3 Elevator Pitch Fails

You know the scene. You are at the coffee shop or a dinner party and someone who is trying to make small talk or is genuinely curious asks the question. (Cue the horror film music.) “What do you do?” Suddenly, you freeze because you know the importance of making a great first impression.

Blurting out your occupational title (think yoga instructor, financial planner, executive coach) is sometimes confusing and usually limiting. If you press play on the mental recording of your canned 30-second “elevator pitch,” you could blunder a potentially meaningful connection. Or worse, you could come across as salesy, desperate and inauthentic. Yuck. Having done A LOT of networking, I’ve heard some fantastic introductions as well as some epic fails. When I say fail, I don’t necessarily mean that these people embarrassed themselves. I just mean that they missed a great opportunity to connect.

Here are the three most common themes I’ve heard among the failures:

Elevator Pitch Fail #1

Using your occupation title (or discipline specific jargon) to define what you do. When I first met Dr. Heidi Roberts of Motion Therapy, she told me she was a Physical Therapist with a mobile practice. I was intrigued by the mobile part, but it didn’t occur to me that the Physical Therapy was relevant for me personally. 

I mostly thought of Physical Therapists helping people who had been in an accident, had a sports injury or had major surgery to a limb. After some time, I learned that Heidi helps people (all people, not just accident victims and elite athletes) restore and maintain their bodies, so they can get back to the activities that they enjoy. I realized that she could help me with some pain I’d been experiencing in my hips.

While I am happy to say that I have since been treated by Heidi, I suffered with the pain a few months longer than I had to because it took me a while to realize that she could help me. And from Heidi’s perspective, with me as a client, she could have had my money and my referrals sooner.

Similarly, I have regretted most times that I have responded to the “what do you do?” question by saying I was an Executive Coach or Organization Development Consultant. Since you never know what inaccurate or limiting beliefs others may have about your profession, avoid the “easy” response of your occupational title when asked what you do.

Elevator Pitch Fail #2

Focusing on your process instead of its results. The methods that I use to conduct my work include coaching, group facilitation and training. Now that you know that, are you excited, inspired and ready to throw money at me? Probably not. Don’t waste precious connection time explaining your process or methods. Sure, if people are curious about how you go about it, let them know your methods. Just don’t lead with that. Instead, give examples of how you’ve helped others by providing solutions or transformative experiences. Also, when talking about your product or service benefits, be descriptive and inspirational. Provide examples (without naming names) of clients who’ve experienced definitive success thanks to you. Tell their stories, complete with a beginning, middle and happy (aka results-oriented) end. Stories are far more interesting to hear and paint a clearer picture of who and how you help.

For example, sometimes I tell people that I help small business owners address employee performance challenges. If their interest is piqued and they ask how I do that, I explain that for a recent client, I helped her think through changing some people’s job duties, and then helped her terminate someone who had not been a good fit in the organization for a long time. I explain that her staff morale is a lot better now and the work is getting done faster and without the drama.

Elevator Pitch Fail #3

Leaving the channel on the “Me” show.  Part of effectively managing conversations is knowing when to change course—or quit altogether. When talking with others, notice how much airtime you are taking. Don’t ignore cues that the person with whom you are speaking is just not that into you. To avoid sounding desperate, try answering the “what do you do?” question with something short that is curious or interesting.

If that person is truly interested in you, he will ask questions. That will allow you to share more as the conversation unfolds, instead of giving a sales spiel. For example, Dr. Heidi Roberts says she’s a Body Mechanic. When asked what she means, she explains that like a car mechanic, she provides routine maintenance (full body tune-ups) all the way to full restoration.

In addition, meaningful engagement requires you to take the time to learn about others, including their successes, needs and interests. Genuinely taking interest in others often inspires them to do the same for you.

Monday
Jul272015

Three Reasons Why Free (or Low-Fee) Speaking Engagements Pay Off For Me

#1 Low Barrier to Entry

The nature of my work in a private engagement requires the customer to expose some vulnerability and is relatively pricey. That’s why it has proven successful to have a low barrier to entry offer, a bite-sized version of my services that doesn’t require the customer to spend a lot of time, money or expose too much. A speaking engagement is my low-barrier to entry offer. Attendees get a sense of my personality and witness my ability to pack a lot of valuable content in a short period of time and finish when promised.

#2 Good Exposure

Most people are more likely to attend an educational program than a sales pitch. Groups who might not be able to pay for a high-fee program are often willing to invite me to deliver a free educational presentation. And because groups tend to advertise upcoming program speakers and topics to their members, I’m able to reach a wide audience — including the people who are not able to attend my presentation.  

To set the context for why I’m equipped to deliver the program, the group’s host introduces me and highlights my qualifications. Then during my presentation, through examples, the audience members receive useful information and a good sense for the types of problems I help people solve. The manner in which I talk about my past and current clients — including protecting their anonymity — shows attendees what they can expect if they decide to work with me. Namely, I won’t share confidential information or shame them in any way.  

#3 Builds Goodwill

When a business owner attends one of my presentations, which includes topics such as managing employee performance or strategic planning, he or she comes away with valuable insights and free templates. This helps to establish my reputation as someone who is committed to the success of the business owner, without any promise of payment. 

Friday
Feb132015

Take two AWESOME pills and call me in the morning

I’m back from a Consulting Psychology conference in sunny San Diego. In addition to geeking out with fellow coaches and consultants, swapping notes on the latest tools and research, I swallowed a double dose of “wow, my life is awesome.” I realized that all my peers in the field are travelling like maniacs and are tethered to their smart phones like oxygen masks. Yuck.

I won’t lie. There is some glamour of travelling internationally and working with giant, well-respected corporations. Much more important to me though is that I get to skinny-down my favorite highfalutin corporate tools and concepts for really great small business owners, whom I LOVE!

Regular note-swapping with respected peers on what’s working, what’s not and a reminder to celebrate your awesomeness is critical to any entrepreneur’s success. Whether it is with one other business owner or in a mastermind group, here are some suggested areas to review… 

  • How well are you taking care of yourself? (eating well, exercise, decent rest)
  • What about prioritizing and managing your time? Anything you can chuck off your TO DO list and free that mental energy?
  • What are you doing for marketing and sales? How’s that going for you?
  • Are you in love with the mix of work you’ve got or the customers you serve? If not, what can you shift?
  • How well are you achieving your goals?

If you have a business accountability partner our group, what topics do you discuss?

Thursday
Nov132014

Mimosas, Love Notes and Bare Feet

As 2014 winds down, it is a good time to take stock of what you loved about your business this year. To spark your thinking, here are some of my loves.

Mimosas

Owning my own business means I have the luxury of setting my own hours. That includes getting home in time to meet my kiddo off the school bus. In order to get all my client appointments in by 2pm, my first available timeslot starts at 7:30am. Anyone willing to kick off the day that early is treated to a mimosa. I can assure you that I wasn’t doing that in my internal coaching and consulting jobs in financial services or the defense industry.

Love Notes

More than in any other year, I received gifts, flowers and thank you cards from clients who were deeply touched by the work we did together to transform their businesses, their beliefs and their lives. I am so grateful for the opportunity to work with these heart-centered entrepreneurs who are committed to working through the hard stuff to bring their best selves to their clients and their communities.

Bare Feet

I love my office with the big windows and wallspace for brainstorming and strategizing with my clients. We often get so comfortable dreaming and planning that we kick off our shoes. I never tire of making my own rules.

Your Turn

What do you love about how things went in your business in 2014 and how can you leverage that for more love in 2015? Please share!