What’s really stopping you?

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You’ll find information on how to land new business anytime you pick up a law practice management magazine. You can’t avoid advice and resources about business development. And maybe that’s a good thing.

If all that information hasn’t helped you to develop your own method for securing new work, there’s something you need to figure out more than how or even why to get new business…

It’s what Seth Godin describes as “help and insight about getting to the core of the fear that is holding us back.”

Read this quick post, and then get honest with yourself about what fear is getting in your way. (Some common fears that I see are fear of seeming desperate or needy, fear of rejection, fear of disapproval, and fear of looking foolish. It’s worth noting that I have yet to see someone fail because of a fear of success.)

Need help with this? Let’s talk.

Did you miss joining Ivy Slater and me live for the Grow Your Network to Grow Your Net Worth webinar?

Whether you missed us or you’d like to watch again, you can watch the replay by clicking here.

Don’t delay! The replay is only available until Sunday, October 25th!

Mark your calendar for the next installment of the webinar series, Mastering Your Time for Greatest Profit: Blending Year-End Billable Responsibilities and Holiday Relationship Development to Build Your 2021 Foundation.

The webinar will be held on Thursday, November 19 at 1 PM ET/noon CT/10 AM PT.  

There will be more info next week on how to register.

 

 

Want change? Think goal, not tactics.

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What if you could make it easier to change your habits and meet your goals? That’s the promise of The Key to Lasting Changes: Think Goal, Not Tactic on the Harvard Business Review Blog. Elizabeth Grace Saunders. The post’s author proposes three steps to help “identify tactics that will actually work for you and keep your focus on your big objectives:”

  1. Determine which goals you’ve been unable to meet despite your best efforts;
  2. Brainstorm other tactics you could use to achieve your goals; and
  3. Test one of your hypotheses.

As Saunders recognizes, change will always require discipline, patience, and practice. In other words, change requires effort, but it doesn’t have to be hard.

I’ve been using these steps recently to change a long-standing but detrimental habit of using my email inbox as a tickler file. Using a new folder for items that require follow up and an If This Then That (IFTTT) recipe to create a reminder on my calendar, I’ve been able to clear those items from my inbox. Not only is my inbox cleaner (which feels good), but I’m better at follow-up. That’s a huge win.

What would you like to change? Give Saunders’ process a try. I’d love to know how it works for you.

The next installment of the webinar series, Embracing Virtual and Remote Networking is tomorrow, October 15th at 1 pm EDT.

Click here to register.

Legal Marketing: What’s today’s biz dev goal?

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In the northern hemisphere, we’re looking forward to winter, while southern hemisphere dwellers are looking toward a summer break. Wherever geography may place you, at some point or points over the next couple of months, you’re probably going to be facing an even stronger than usual collision of work, personal commitments, and culture-driven expectations.

It’s easy to let business development take a back seat during this time (or when you’re especially busy otherwise), but instead of dropping back simply because you can’t squeeze in a lot of activity, set one simple goal a day. Get in touch with someone you’ve been meaning to contact, send a useful resource, put some time into turning your LinkedIn connections into real relationships.

Here’s why:

Your task: for the next thirty days, select and accomplish one strategic business development action each day. If it doesn’t work for you, you can always go back to spasmodic action… But chances are that you’ll see significant benefit from this simple approach. And if you don’t know how to select the right step, check this post I wrote in 2019.

Mark your calendar for the next installment of the webinar series, Embracing Virtual and Remote Networking which will be held on October 15th at 1 pm EDT.

Click here to register.

Legal Marketing: How do you handle silent rejection?

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It’s hard to hear “no” when you’re working to increase your visibility through speaking or writing or when you’ve asked a potential client for new business. But as difficult as it is, you probably hear “no” on a regular basis. In fact, if you don’t get turned down at least every now and again, you’re probably playing it too safe and not pursuing enough opportunities. You’ve likely come up with some methods to handle that disappointment.

But how do you handle it when you’ve made an overture and all you get back is silence? Do you assume rejection? Do you follow up, or follow up again, and how do you avoid becoming a pest? Do you take a new approach and see if that gets you further? Do you tuck tail and give up? Ugh—these are tough questions.

Consider these questions when silence is the only answer to an inquiry: 

Diagnostic questions: What (maybe) went wrong?

  • Was your overture interesting enough? Did you offer a juicy tidbit designed to pique interest? For example, rather than simply describing an article you’d like to write on some aspect of law, offer the same description plus a snappy tentative title. If you’re requesting a meeting with someone, be sure you’re offering a good reason for your contact to give up the time to meet with you.
  • Was your request clear enough? Instead of asking for a short meeting, ask for a 15-minute meeting. Suggest a target length for the article you’re proposing. If you’re inviting someone to speak on a panel, suggest a couple of topics she might consider. Details yield specific thought, and you’re more likely to get a response if it’s clear what you want and why.
  • Did you choose the right method of communication? Sometimes you’re stuck with a prescribed format (how to submit an article proposal, for example), but take the time to think it through when you have options. If you know the recipient, what mode of communication does he prefer? How likely is it that his email inbox is overflowing and yours simply got overlooked in the volume?

Prescriptive questions: What can you do now?

  • Might you follow up to try again for a response? Follow-up is fairly easy when you have a somewhat close relationship with your contact or when your contact actually suggested you be in touch. Even without some previous connection, you can typically follow up once (and, depending on the circumstances, perhaps twice) even on a cold contact. If you’ve pinpointed a potential problem with the diagnostic questions, edit your request and try again. To avoid looking like a pest, give serious thought to calling if you’d previously emailed or vice versa. Pay attention to the way you phrase your follow-up: consider the difference in tone between “my email dated 9/1/20 may not have reached you” vs. “you may have overlooked my email dated 9/1/20.” Whatever you do, think pleasant, not pushy.
  • Do you have some other reason to be in contact? Be careful with this approach, because it can backfire if you’re clearly manufacturing a reason to communicate with the person. However, if you have an article that they might find useful or if you bumped into a mutual acquaintance who shared some interesting information, pass that along with a gentle reminder about your initial request.
  • Look for another route to that person. Especially if you’ve made a cold contact, look for a way to network into the connection. Check for mutual connections on LinkedIn, for example, or ask around in your firm or circle of acquaintances. Finding someone who can introduce you or promote your request can be an effective way to gain attention.
  • Let time pass, then try again. When you can’t follow up again, make a note on your calendar to get back in touch in a few weeks or months. End-of-year and summer holidays are often a good time to get back in touch with someone thanks to cultural expectations. You might also watch for an announcement or publication that affects your request or for some suggestion that your contact was involved in something time-consuming that may have prevented a response. One of my clients was frustrated by the lack of response from a distant friend until he discovered that the company in which the friend was an executive had just negotiated an agreement to purchase a competitor. That news both explained the silence and opened an opportunity to get back in touch.

Most importantly, don’t take silence personally. Chances are good that your contact was simply too busy to respond to you. Even if the silence was intentional, the lack of an explicit rejection leaves the door at least cracked for a future attempt at communication.

P.S. If you missed the first session of the webinar series, “The Human Touch of Rainmaking”, it’s not too late!

You can catch the replay until Sunday, October 4th. 

Click here to watch it.

 

P.P.S. Mark your calendar for the next installment of the webinar series, Embracing Virtual and Remote Networking which will be held on October 15th. 

More details to come!

What if small talk fails?

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Relationships are at the heart of business development. That’s true regardless of the length of your sales cycle, meaning the typical amount of time required for a potential client to move from first encountering you to hiring you. It isn’t necessary to build a deep and personal relationship in all cases, but you do have to have enough of a relationship to allow your potential client or referral source to know and trust you.

Whether your potential client first finds you online or offline, one-on-one conversation is where a true connection may bloom. Most commonly, you’ll find that the process of building a connection takes time. (That’s why follow-up is so critically important.)

You’re probably aware that small talk paves the way for follow-up contacts. Through small talk (conversation that meanders through a variety of topics at a relatively surface level), you learn more about your conversational partner. You discover mutual interests and experiences, and you start to build a common bond. Through follow-up, you develop that bond, and over time a relationship flourishes… And you’re off to other business development issues. (If small talk isn’t your strength, you’ll find plenty of resources online that can help you improve your skills and increase your comfort.)

But what about those situations in which small talk fails? Perhaps small talk isn’t culturally accepted or, despite your best efforts, your small-talk skills aren’t creating an easy flow in conversation. In these instances, you’ll need to find ways in addition to small talk to establish and deepen connections.

The Harvard Business Review article Building Relationships in Cultures That Don’t Do Small Talk offers good tips for recognizing a no-small-talk culture (something that you should already know based on your due diligence) and for adapting. The most important two sentences in the article apply to relationship-building generally, not just across cultures:

One essential piece of advice is to take a longer-term perspective on developing relationships. If you assume that relationships and rapport can indeed be developed in a matter of moments, you’ll inevitably be disappointed.

The article goes on to suggest several tactics to use in the absence of small talk, including working to ensure that “your colleagues see you as someone worthy of having a relationship with, even if it’s not going to happen immediately,” finding impersonal topics for conversation, and knowing when it’s acceptable to build personal relationships.

Use these tips when small talk fails you, but also incorporate them into your relationship-building approach even when you get things going with chitchat. The better you are at adapting your approach to your new contact’s style and the more alternatives you have in mind for building a solid foundation for your relationships, the stronger your network will be.

If you haven’t registered yet for the first session of the webinar series, “The Human Touch of Rainmaking”, it’s not too late!

The webinar is TODAY at 5 pm EDT/2 pm PDT so mark your calendar. 

Click here to register. 

Do you think about what you’re doing?

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How often do you think about what you’re doing? Probably more often than you should.

Consider this quote:

 

When it comes to business development (and practice in general), building good habits will help you to accomplish the tasks you want more consistently. For example, if you make it a habit to connect with a new contact on LinkedIn and to send a “nice to meet you” note, then to update your contact management system and calendar a keep-in-touch schedule, you’ll never let a great new connection slip through your fingers. If you routinely enter your time at the end of each day, you’ll never have to spend an entire morning (or more) to recreate your records at the end of the month.

What’s your agenda?

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One of my favorite questions is, “What’s your agenda?” I’ve noticed, however, that we tend not to ask that question of ourselves often enough.

Setting an agenda is a classic time management strategy. If you’re looking to make meetings shorter and more productive, circulate an agenda in advance and expect everyone to come prepared. If you want to make your day more productive, set your own agenda. Of course, other issues may arise in the course of the meeting or the day, but if you set your agenda first, you’ll at least know what you intended to accomplish and you won’t lose track of necessary tasks.

Knowing your agenda is critical for networking. Meeting new people requires you to have a sorting agenda in place: do you want to meet lawyers, bankers, or parents? Are you interested in officers in closely-held businesses, or would you prefer to meet officers in public corporations? Knowing who you want to meet will help you to identify the best groups to investigate and to target the right people for follow-up, which is where the networking magic happens, if at all.

Having an agenda is the difference between effective follow-up meetings and purposeless coffee dates that accomplish nothing. If you have some idea of what you’d like to discuss during a follow-up meeting, you’ll be able to tailor your conversation to be sure that you ask the right questions or offer the right information. It’s easy to wing it for follow-up meetings, but taking a few minutes to think about what you want from the meeting will make you much more effective.

Finally, when you’re talking with someone with whom you’re considering joining forces (for marketing or to form a new practice, for example) ask them directly (or ask yourself) what their agenda is.  Poorly phrased, the question is a bit confrontational, but the more you know or intuit about someone else’s objectives, the better your decisions will be.

Take a few minutes to answer these questions (or others that fit your circumstances):

  • What’s your agenda for today?
  • What’s your agenda for your practice?
  • What’s your client’s agenda?

Share your best ideas with your best clients.

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When do you share your best ideas? BTI Consulting, a group known for its deep research in client satisfaction and preferences, reports that:

“[j]ust over 2/3 of clients tell us the best new ideas they see coming from law firms happen during an RFP process. Somewhere among the sea of bland boilerplate submissions lies one scintillating idea, suggestion or nugget. One firm invested the time and energy to simply blow their potential client away.”

Being the firm that came up with an amazing nugget is great, but as the BTI article continues, “why wait until an RFP to strut your stuff?” RFPs may be a necessary part of business, but preserving—and perhaps expanding—client relationships is critical to a prosperous practice.  (The article is directed to large firms, but the principles adhere to small firms as well.)

Read the article for a suggestion on how you can do better by proactively sharing your best ideas with your best clients. In the meantime, ask yourself…

  • How often do you offer the “scintillating idea, suggestion or nugget” in an RFP? How can you increase the frequency?
  • How often do you proactively bring an idea, an insight, or an approach to your clients? The BTI article focuses on corporate counsel, but regardless of your practice area, you must spend time thinking about what will make things better for your clients. For example, a litigator might recognize a trend in litigation and offer that to clients to help them avoid unnecessary suits.
  • If you tend not to have repeat business from core clients, identify your ideal client profile and ask what would blow that kind of client away. In other words, is there a new process or resource that would be incredibly helpful?
  • More globally, what do you do when you’re trying to win business that you might do to strengthen the relationship with your current clients? Building a relationship with a current client will, in general, deliver much better results than trying to land a new client. (That doesn’t mean you need not pursue new business, though.)

Offering something eye-catching in an RFP is good, but bringing the nugget to a current client is even better. Read the BTI Consulting article, then apply it.

Business Development Trades in Promises

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Sales. Selling. Sales pitch. How do those words come across to you? Positive, negative, or no charge at all? Studies show that a significant number of people have some bad impression about selling, though most people have no negative association with buying. (See Daniel Pink’s To Sell Is Human for more on this.)

But if you’re to grow your practice, you have to be able to secure new work, and that requires sales skills. I know, you didn’t go to law school to sell stuff (nor did I)… And yet, if you’re uncomfortable in a sales conversation, your potential client will perceive that discomfort and may think you’re uncomfortable with the matter or the client, or even that you’re trying to hide something.

I’m always on the lookout for alternative ways of looking at sales because you must master your comfort with the idea of sales before you can master the skill itself. And I found a new perspective in a recent article that you cannot afford to miss.

Here’s a teaser: “What we’re really trading in is promises.”

Take two minutes to read the post, then five or ten to contemplate its implications. It’ll change your perspective on both sales and client service.

 

Plans are useless, but…

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I see two huge mistakes among lawyers eager to build a book of business:

  • the urge to jump into action without designing a plan, and
  • the tendency to plan and revise and plan some more without ever moving to action.

Today I’ll offer another perspective on planning, from Dwight Eisenhower:

In preparing for battle I have always found that plans are useless, but planning is indispensable.

In other words, when circumstances change and disrupt your carefully-laid plans, the process of assessing all of the factors that affect your practice will show you how to adjust. (Want to know more about how to create a plan? Check Chapter 3 of The Reluctant Rainmaker.)

How effective is your practice planning?