December 3, 2008      

         Issue 6.12

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 Feature Story . . .

The Beauty of Thought Leadership

Why every professional services firm must demonstrate it

by Randy Shattuck, The Shattuck Group

"This is what I'm talking about," said the CEO, waving his firm's latest advertisement in the air. "We spent over 12 grand on this ad and got not one lead out of it." He slammed the trade publication down on the table.

His very successful professional services (PS) firm had hired an award-winning ad agency to help the company go to market. Six months into the campaign, he was frustrated and called me in to assess what was going wrong.


 


 Editorial Corner . . .

Thought leadership??? ... Sick demos ... You in five years ... Weak spine


Jack Scharff

"Thought leadership" sounds like another fancy shmancy business phrase. Randy Shattuck knows it, so he explains what it is and why it's important to professional services in this month's feature story. 

Just because it's flu season doesn't give you the right to catch diseases that lead to stunningly awful demos. Learn about the symptoms and cures.

Famous interview question, "Where do you want to be in five years?" Mary Hanna gives you a straight answer in Don't Box Me in.

The economy blues got you down? This issue's best advice column should perk you up.

A manager struggles to find balance between nice and tough. How can he better manage his staff with a weak spine? Something else buggin' ya? Share it and let our experts and readers help. 

The nice thing about December is that things slow down for many of us. But we can't rest as we have to keep the newsletter going strong in the New Year. How can we help you meet your professional services resolutions? Your name goes into a drawing for a pair of Garmin Rino 100 MP3 GPS whenever you provide feedback. Happy holidays — Jack

If you would like to unsubscribe to this newsletter, please click on link at bottom of page.
 


  White Paper . . .


Best Practices for Calculating Billable Utilization

To run a successful professional services business, managers must understand how to effectively account for their consulting staff’s productivity.

Download the Calculating Utilization research report to discover expert recommendations for the most effective way to accomplish this goal.

Click Here to Download the Research Report
 


  Reader Survey . . .
What do you think?

Complete our 1-minute reader survey and you could win a PAIR of Garmin Rino 110 MP3 GPS.
 


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  Happy Holidays . . .


 


  Archives . . .
Issue 6.11
November 5, 2008
Issue 6.10
October 1, 2008
Issue 6.9
September 3, 2008
Issue 6.8
August 6, 2008
Issue 6.7
July 14, 2008
Issue 6.6
June 4, 2008
Issue 6.5
May 7, 2008
Issue 6.4
April 10, 2008
Issue 6.3
March 13, 2008
Issue 6.2
February 13, 2008
Issue 6.1
January 17, 2008
Issue 5.13
December 12, 2007
Issue 5.12
November 13, 2007
Issue 5.11
October 30, 2007
Issue 5.10
October 3, 2007
Issue 5.9
August 22, 2007

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Professional Services Journal Survey . . .

Marketing — How will your firm handle marketing in 2009?

The Survey:

Professional Services Journal, in our ongoing efforts to serve our readers, is asking our audience to tell us how you plan to market your firm in 2009 and what marketing and business development topics you’d like to hear more about in the coming months.  This will help us deliver content that is on-target with your interests and professional development.

Time Commitment:

It will take about 10 minutes to fill out this mostly multiple-choice, confidential survey. 

What You Get:

Everyone who completes the survey will receive an Executive Summary of the findings at no charge.  All participants will also be entered into a drawing to win one of two iPods.

Take survey.
 


Marketing Strategy . . .

Stunningly Awful Demos

Beware of debilitating demo diseases

by Peter E. Cohan, Principal, The Second Derivative

How can you prevent a stunningly awful demo? Watch out for debilitating demo diseases. Here is a compendium of the ones that commonly afflict sales, presales and marketing teams when preparing for and presenting demos. For each disorder, you’ll find the major symptoms, one or more examples to aid in diagnosis, and steps to a cure for each.


 


Manna from Hanna . . .

Don't Box Me in

"Where do you want to be in five years?"

by Mary Hanna (introduction by Meryl Evans)

I remember in my first job interview after college, the interviewer asked, "Where do you want to be in five years?" Since then, I never liked the question. It's not that I don't plan or lack direction. Five years is not as short as it sounds. A lot can happen in one or two years. I set my goals based on my current needs and work toward them, which helps me reach my high-level goals. 

Or maybe I should follow Mary Hanna's advice and answer, "Here in Texas." Does it hurt to be honest about your aspirations and admit you don't know? Or must we make up a general answer like, "In senior management" or "Higher up"? Read Don't Box Me in.
 


What Would You Do?
Last Issue's Dilemma:

Dagnabbed economy — any alternatives to layoffs?

The economy stinks. What else is new? But instead of complaining, I'd like to learn from other businesses. How has the economy affected your business? Are you cutting back? I'm contemplating layoffs. Are you considering them or alternatives? What advice would you give other business owners?

— Worried in Wisconsin (name and company withheld)

Read what others had to say.
 


This Issue's Dilemma:

Anyone have a backbone to spare?

As with any business, we have certain rules for our employees to follow. Some people play by them; others bend or break them. As "the boss," I admit I'm not as tough as I should be on getting compliance from everyone. I view some rules or policies as more important than others. Do I pick my battles or get tough on all violations? I'm afraid I'll lose some good people if I'm too tough. What's the best way to get everyone to comply? — Spineless in Seattle

Can You Help?
Share your experience. You could win a digital camera.

 


Opportunity Management: How to win new business . . .
Supercharge Qualifying Leads

Add a new chapter to your lead generation program

by Karen Gedney - ClickZ
 

Four Steps to Qualify Your B2B Sales Leads

Speak the same qualified leads language

by Mac McIntosh - The Cold Turnkey
 


People Management: Your most valuable asset . . .
Seven Ways to Increase Employee ROI

Building a growth-oriented environment

by Morrie Shechtman - MovingAhead
 

How to Build Trust and Develop Relationships

Creating lasting relationships with clients and employees

by Alan R. Zimmerman - Cincom
 


Personal Leadership: Self-management insights . . .
The Seven Things that Surprise New CEOs

Implications of CEO leadership

by Michael E. Porter, Jay W. Lorsch and Nitin Nohria - HBS Working Knowledge
 

Take the Leadership Reins in this Lousy Economy

Innovate your way out of recession

by Max McKeown - Management Issues
 

 

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