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Housekeeping Why is Business Development So Hard? © Copyright 2011 Flair Coaching Limited

Why is business development so hard

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This presentation explores why business development seems so hard and how you can make it easier.

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Page 1: Why is business development so hard

HousekeepingWhy is Business Development So Hard?

© Copyright 2011 Flair Coaching Limited

Page 2: Why is business development so hard

HousekeepingWhy is Business Development So Hard?

Especially for Lawyers, Accountants, Bankers and Consultants.

© Copyright 2011 Flair Coaching Limited

Page 3: Why is business development so hard

“There are worse things in life than death. Have you ever spent an evening with an

insurance salesman?”

Woody Allen

© Copyright 2011 Flair Coaching Limited

Page 4: Why is business development so hard

“There are worse things in life than death. Have you ever spent an evening with an

insurance salesman?”

Woody Allen

Tradesmen sell; professionals do business don’t they……

© Copyright 2011 Flair Coaching Limited

Page 5: Why is business development so hard

Look around you….

© Copyright 2011 Flair Coaching Limited

Page 6: Why is business development so hard

Look around you….

Pretty much everything you can see is there because somebody sold something!

© Copyright 2011 Flair Coaching Limited

Page 7: Why is business development so hard

In a recent survey only 5% of respondents said they found converting contacts into clients

easy.

65% said they did not class themselves as sales people.

74% claimed they did not rely on a CRM system – the most powerful sales tool around

© Copyright 2011 Flair Coaching Limited

Page 8: Why is business development so hard

In a recent survey only 5% of respondents said they found converting contacts into clients

easy.

65% said they did not class themselves as sales people.

74% claimed they did not rely on a CRM system – the most powerful sales tool around

Source: 2011 Flair BD Survey of Professional Services Providers

© Copyright 2011 Flair Coaching Limited

Page 9: Why is business development so hard

Why is this? It takes too much time

I have more interesting things to do

I never signed up to be a sales person

I’m not really sure what to do

I am left to my own devices

That’s marketing’s job isn’t it?© Copyright 2011 Flair Coaching Limited

Page 10: Why is business development so hard

Why is this? It takes too much time

I have more interesting things to do

I never signed up to be a sales person

I’m not really sure what to do

I am left to my own devices

That’s marketing’s job isn’t it?© Copyright 2011 Flair Coaching Limited

Page 11: Why is business development so hard

The truth is being good at your job isn’t enough any

more.

You need to be the owner of your own revenue stream.

© Copyright 2011 Flair Coaching Limited

Page 12: Why is business development so hard

The truth is being good at your job isn’t enough any

more.

You need to be the owner of your own revenue stream.

Added bonus: absolute job security.

Everybody wants to employ a fire-starter!

© Copyright 2011 Flair Coaching Limited

Page 13: Why is business development so hard

Here’s a few home truths Part of your job is sales – get over it

Only sell to somebody what they really need

Selling is easy – no, it really is

When done properly it’s not time consuming

You already have everything you need

© Copyright 2011 Flair Coaching Limited

Page 14: Why is business development so hard

Here’s a few home truths Part of your job is sales – get over it

Only sell to somebody what they really need

Selling is easy – no, it really is

When done properly it’s not time consuming

You already have everything you need

Professional selling is actually kinda sexy!© Copyright 2011 Flair Coaching Limited

Page 15: Why is business development so hard

To be highly effective at selling you need to get a few

things straight.

5 things in fact.

So here they are………

© Copyright 2011 Flair Coaching Limited

Page 16: Why is business development so hard

Systematic Have a set tactic for each sales situation

Recognise the triggers for each tactic

Assemble the tools of your trade

Sharpen the techniques for each tactic

© Copyright 2011 Flair Coaching Limited

Page 17: Why is business development so hard

Systematic Have a set tactic for each sales situation

Recognise the triggers for each tactic

Assemble the tools of your trade

Sharpen the techniques for each tactic

Think mechanic: symptoms indicate the problem which dictates the remedy and tools and of course, practice makes perfect.

© Copyright 2011 Flair Coaching Limited

Page 18: Why is business development so hard

Organised A place for everything & everything in place

A database with all your client details on it

A library of appropriate sales collateral

All sales related documents catalogued

© Copyright 2011 Flair Coaching Limited

Page 19: Why is business development so hard

Organised A place for everything & everything in place

A database with all your client details on it

A library of appropriate sales collateral

All sales related documents catalogued

Think librarian: a whole library full of books, a system to record them all and a catalogue to be able to find each one in seconds.

© Copyright 2011 Flair Coaching Limited

Page 20: Why is business development so hard

Disciplined Deterioration comes without discipline

Consistently use tactics and keep records

Get a sales buddy to work with

Be your buddy’s conscience – be strict

© Copyright 2011 Flair Coaching Limited

Page 21: Why is business development so hard

Disciplined Deterioration comes without discipline

Consistently use tactics and keep records

Get a sales buddy to work with

Be your buddy’s conscience – be strict

Think personal trainer: putting you through your paces and not allowing any deviation from the path - expect great results!

© Copyright 2011 Flair Coaching Limited

Page 22: Why is business development so hard

Innovative People like new things

Old problems need new solutions

Work with your buddy for sales innovation

Don’t be afraid to experiment

© Copyright 2011 Flair Coaching Limited

Page 23: Why is business development so hard

Innovative People like new things

Old problems need new solutions

Work with your buddy for sales innovation

Don’t be afraid to experiment

Think scientist: focus on the problem, come up with new ideas, experiment and then review, refine and retry.

© Copyright 2011 Flair Coaching Limited

Page 24: Why is business development so hard

Tenacious You only fail when you cease to try

If it was easy everybody would do it

Never give up; try, learn and try again

Losers give up whilst winners keep on going

© Copyright 2011 Flair Coaching Limited

Page 25: Why is business development so hard

Tenacious You only fail when you cease to try

If it was easy everybody would do it

Never give up; try, learn and try again

Losers give up whilst winners keep on going

Think Terminator: “It doesn’t feel pity or remorse or fear and it absolutely will not stop, ever.”

© Copyright 2011 Flair Coaching Limited

Page 26: Why is business development so hard

All very well but the acronym for this is a very unfortunate

© Copyright 2011 Flair Coaching Limited

Page 27: Why is business development so hard

All very well but the acronym for this is a very unfortunate

S O D I TA shame but maybe you will

stand half a chance of remembering it though.

© Copyright 2011 Flair Coaching Limited

Page 28: Why is business development so hard

If you would like to know more about us or just get more free stuff like this then....

Web: flair.co.uk

Blog: mikeames.wordpress.com

Twitter: @Mike_Ames_Flair

The Flair Coaching Practice

© Copyright 2011 Flair Coaching Limited

Page 29: Why is business development so hard

If you would like to know more about us or just get more free stuff like this then....

Web: flair.co.uk

Blog: mikeames.wordpress.com

Twitter: @Mike_Ames_Flair

Or you can just Google: “Mike Ames”

The Flair Coaching Practice

© Copyright 2011 Flair Coaching Limited

Page 30: Why is business development so hard

Thank you for watching

The Flair Coaching Practice

© Copyright 2011 Flair Coaching Limited