016 Business Development Diagnostic—Part 2

016 Business Development Diagnostic—Part 2

Welcome to the Bottom Line Top Line Podcast with Carol Bartlett, Jol Hunter, and Chris Spurvey.


Our episode this week is the second part of a series in which we talk about business development tactics and assessing your business development processes.

We walk you through some tips that business owners and leaders should keep in mind and questions to ponder as you assess your business development processes. We also talk about building brand and reputation, how to protect your reputation, how to nurture client relationships, and how to organize your business development efforts.

Last week, we talked about the mind-set and principles to apply in assessing your business development efforts. This week’s episode isn’t the end of our discussion of business development diagnostics. Stay tuned for a question and answer forum in February!


To download the document, scroll to the bottom of these show notes and fill in the form.

Avoiding a Salesy Culture

What we’re trying to get away from is a salesy culture. Who wants to be sold to? No one.

But if you’re offering a service, you shouldn’t hold back your solutions from a client who has a problem you can solve. Of course, you should lend a hand and say, “This is something I can do.”

Building Reputation and Creating a Brand

You’re creating both a personal brand and a business brand—whether intentionally or not—so why not be intentional?

Visualize what you want your brand and reputation to be and then create them deliberately by sharing in emails and conversations the right level of expertise at the right time. Be authentic and genuine. Intention and deliberateness are the two most important qualities to have in these interactions.

Committing to Proactive Business Development

Based on my own experience, I recommend that you put business development activities on your calendar and prioritize them. Be proactive.

Schedule an hour or so each week—maybe at the start of the week—to plan your business development activities. Then follow through by meeting new people, attending meetings, and so on. Otherwise, business development can get postponed or even pushed aside when seemingly more important things come up.

How committed are you to scheduling time for business development on a regular basis?

To learn more about these topics, please listen to the episode.

Mentions

Connect with Carol, Jol and Chris on LinkedIn.

015 Business Development Diagnostic—Part 1

015 Business Development Diagnostic—Part 1

Welcome to the Bottom Line Top Line Podcast with Carol Bartlett, Jol Hunter, and Chris Spurvey.


Today on the podcast, we talk about the principles we apply in assessing business development efforts. We also talk about ways that businesses can improve their development processes.

Check out the full episode!


To download the document, scroll to the bottom of these show notes and fill in the form.

Assessing Business Development Efforts

We businesspeople tend to come out of the gate strong but then, later, slip. Maybe we forget or skip some important elements of the process. Regardless, somehow business development stalls.

Having a process in which you continually assess and improve is an important element of business development.

Tapping into Your Network for Business Development

Another theme I have seen in business leaders is a hesitation to put themselves out there by talking to people in their networks. Perhaps this hesitation is related to impostor syndrome, in which people progress in their careers but still have self-doubt. They’re a little afraid. They’re not confident. And they hold back.

But when we connect powerfully and confidently to the market—including members of our own networks—we’ll attract more opportunities.

All Revenue Grows Through Relationships

Many times when I talk with people about this, they say, “That’s applicable to you. You’re in a service-based business.” But I believe that relationships are important in driving revenue for any business. And by business relationships, I mean all relationships—clients and customers, partners, investors, employees, and any other stakeholder.

Business flows through relationships.

To learn more about these topics, please listen to the episode.

Mentions

Connect with Carol, Jol and Chris on LinkedIn.

005 The Importance of Business Processes

The Importance of Business Processes
005 The Importance of Business Processes

Welcome to the Bottom Line Top Line Podcast with Carol Bartlett, Jol Hunter, and Chris Spurvey.


In this episode, we talk about the importance of processes and how to identify and implement them in your business.


To download the document, scroll to the bottom of these show notes and fill in the form.

Business Processes in a Fortune 500 Company

When you grow up in a Fortune 500 company,everything is driven by process and discipline. It’s recorded, and there are metrics,and you live and die by the quarter.

The oil & gas industry does this superbly. But process is one of the things that every organization looks at and struggles with. Even Fortune 500 companies struggle to make themselves more efficient or more profitable. But when you translate that and step out—as Carol did—from a publicly traded company to a private company, it changes a little.

I think private companies have the most opportunity to grow in this area. Putting into place strong processes and getting people to buy into those process is, ultimately, where we’re going to see profits grow.

Carol’s Definition of a Process

Process, to me, is where you say whatyou’re going to do and then you do that.

If you can record that and do it systematically, it becomes a really good communication tool. But process isn’t so much about being able to respond on the fly or be responsive to the industry’s needs. It’s more a communication tool that enables everyone to know what one another is doing and makes task progress measurable. And things that are measured get done.

Identifying Your Processes

You already have processes. You may not have thought of the things you do in terms of a process, but you are doing things. You’re doing things this week that are similar to the things you’ll do next week. The question is: Are you doing things in the most organized, efficient way? Can you streamline and focus what you’re doing, eliminating tasks that aren’t adding value or helping your business to perform and adding or expanding tasks that are more important to your business?

To learn more about these topics, please listen to the episode.

Mentions

Connect with Carol, Jol and Chris on LinkedIn.

Grit by Angela Duckworth (book)

High Performance Through Process Excellence by Mathias Kirchmer (book)