Posts Tagged ‘coaching’

Why Corporate America Hoardes Cash

Thursday, December 15th, 2011

…and little incentive to invest it in people or equipment, according to a survey by CFO Magazine.  What would loosen the purse strings?  A killer acquisition or uptick in demand were the top two answers.

Other key findings:

  • A lot of CFOs (43%) recognize the vicious circle:  if they spend money, the economy improves but they want to hold off spending money until the economy gets better.  But a big majority (71%) don’t feel obligated to invest in the economic recovery.  The concern:  they have a fiduciary duty to be safe and besides, they don’t want to hire and then lay off if demand doesn’t rise.
  • Don’t look for the budgets to ease soon.  A related study back in the Fall shows 25% reporting no plans to invest in the next 12 months.  The reason:  no attractive investments.

Why do you care?  The above might explain the initial reaction of the “budget blues” even when prospects contact you.  But know this:  they have the cash.  It’s just a matter of selling the ROI to the people holding the purse strings.

Free Legal Advice

Friday, January 21st, 2011

Yes, it’s true.  You can get free legal advice from LawPivot, where attorneys (not newbies but seasoned pros) offer their advice for free.  How can this happen in a world of the six-minute billable?  Three words:  access to prospects.  This recent Fast Company article spells it all out.

The process is simple:  post a question and get a pretty detailed answer back.  For free.  What do the attorneys get:  folks who need help.  Antidotal information shows promising results, so I suspect more attorneys will play.  This is a great option for small businesses who can’t afford in-house counsel.

The moral of the story:  access to qualified leads is everything.  Think this business model won’t work for experts such as coaches and consultants?  Just watch…

Are You Prepared to be Pitched?

Thursday, July 8th, 2010

Talked to a seasoned speaker about catching up at the NSA (National Speakers Association) convention this week in Orlando.  He explained his reason for not coming in two words:  pitch-fest.  And unfortunately, he’s not the first one who has given this reason for not attending.

Here’s the ugly truth:  the market’s down and some speakers are eating their young by using the convention to pitch their coaching, retreats and mentoring service to the newbies.  Some are good, some are not and some think they have a magic wand.

The new folks don’t know what’s about to hit them.  Many will mistake prominence in NSA for the assumption that this service / retreat / program will provide everything they need.  Many newbies want to join the “in crowd” and think their secret password to the party is working with one of these cool kids.

My advice to everyone new on the scene:  ignore the hype and the reputation at NSA.  Focus on one thing:  track record in providing what you need.  The key question to ask:  what specifically have you done to help someone in my situation?  And listen carefully to the answer.  If you need a brand, don’t work with someone who helped a famous speaker get publicity.  Branding and publicity are two different things.

As for me:  doing something I’ve never done before — let’s call it the “un-pitch”.  I’m coming in on Friday instead of Saturday (trust me, you don’t want to know why) and decided to give away five 30-minute “rent my brain” sessions.  For free.  Yep, I’m giving my brain away.  The response was amazing.  We were overwhelmed with requests and the five slots were gone in less than 10 minutes.  It never ceases to amaze me what happens when you give fully.  I can’t wait to see what happens on Saturday! See you in Orlando!

Get out of the box

Thursday, September 17th, 2009

Another great call on Tuesday on advocates. My favorite point: your relationships with advocates are driven by the first experience you’ve had with them. If they hired you to speak, then they see you as a speaker. If you coached them, then all you are is a coach. That perception sets up an either/or construct that gets in the way of brainstorming new opportunities. A typical response: they’re not hiring consultants right now, so when you leave a voice mail message, there’s no need to return the call. After all, times are tight and everyone’s out marketing.

They know you’re talented. Many advocates just limit how to use your talents based on what they’ve done with you before. You have to tread lightly here or you’ll give off the air of desperation. I shared some ways to get out of the box from a position of power. Here’s the link if you want the mp3 file for only $59.

Lucrative Niche In Financial Services

Monday, January 5th, 2009

Think the financial services industry is a dead end for experts? Think again. Giants such as Edward Jones, Smith Barney and JP Morgan are in heavy recruitment mode for women financial planners. Why? Because research shows that 60 to 80% of the wealth will belong to women. In general, personal financial advisors are a top occupation, slated to grow 41% between 2006 and 2016. So look for an upsurge in mentoring programs, outreach programs, and all sorts of help for these coveted candidates. Great opportunities for experts for recruiting women, sales skills for women, executive coaching…if your brand is for and about women in finance, you’re on the inside track. Remember, the field will get crowded quickly, so only the best-branded will get the fees.