Win Without Pitching is the business development consulting firm for ad agencies and design firms that believe there is a better way to build a marketing communication agency. |
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We Will Address Issues of Money EarlyWe will resist putting ourselves in a position where we have overinvested in the buying cycle only to find the client cannot afford to pay us what we are worth. We will set a Minimum Level of Engagement and declare it early in conversations so that if the client cannot afford us, both parties will be able to walk away before wasting valuable resources.
~ wwp ~
Let us commit to memory the Win Without Pitching rule of money: Those who cannot talk about it, do not make it.
We claim to have been raised in a family or a culture where it is impolite to talk about money, but we know this is only a half-truth, don’t we? In every culture it is impolite to talk about money in a personal setting. Just as ubiquitous as this rule is its corollary: in every culture it is considered a sign of poor business acumen to avoid talking about money in a business setting. We must reconcile these two conventions and not confuse social mores with sound business practices. One of the goals of our enterprise is to make money; therefore, we must form the habit of talking about it early and often.
The Stress of Money ConversationsHow often have we found ourselves deep into a business development opportunity, heavily invested in time and other resources, only to learn at the end that the client’s budget was far below what was required for us to do the job? How is it that we get so far with such a gap in vital information? How is it that we allow ourselves to do so much work without first having a meaningful conversation about the financial fit between both parties?
The client has a budget, or at the very least, budget limitations, and we should have our own parameters that define our minimum client size. With each party having such criteria, it becomes easy to determine as early as practical if there is a financial fit. But for many of us, it is not easy: money conversations are a source of stress.
When we take stock of the stress in our life, it is easy to see that almost all of it is caused by things that are either out of our control—or, more often, things that are within our control that we are avoiding. Stress is caused by the things we do not do. The root of this money stress is not in the conversations themselves, but in not having them when we know we should. Overcoming this stress begins with deciding that from here forward we will talk about money early and often. As soon as the opportunity arises we will lean into the discomfort of the topic, deal with it immediately and eliminate the stress from the subject. In time we will learn to do this with ease. Previous Page: Free Thinking is Not Just... Next Page: A Minimum Level of Engage... Table of Contents Own the Manifesto
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