Foreign.
Speaker BWelcome to the Consulting for Humans podcast.
Speaker AYou're with Ian and with Mike.
Speaker BAnd in today's episode, just like each one that came before, we'll be exploring a topic that gets to the heart of what makes consultants like you happy and successful.
Speaker AOn the Consulting for Humans podcast, it's our mission to add just a little more humanity to the lives of consultants.
Speaker AAnd we'd love to bring some of the skills and perspectives of consulting to human lives too.
Speaker BThat's right.
Speaker BSo if you're a consultant who's trying to be more of a human or a human trying to be more of a consultant, then we think you are just our kind of person.
Speaker BNow, this is episode two of our three part series on solo consultants, what we've called solopreneurs, people operating independent consulting businesses.
Speaker BLast week, Mike, we were talking about managing ourselves, managing the individual.
Speaker BToday we're going to be talking about how solo consultants successfully manage their clients.
Speaker BSo talk us through some of the things that we're going to be hitting on today.
Speaker AWell, like we did last week, Ian will start with why independent consultants often fail in this area.
Speaker AFail as it relates to clients.
Speaker AWe'll talk about things like the importance of lead generation, getting, if you will, the right.
Speaker AI've got those in air quotes, the right clients, undercharging and over delivering.
Speaker ASo things like that.
Speaker BYeah, we're going to talk about what contributes to success in managing clients once we've got them, onboarding expectation setting, managing those tricky client situations and unlocking the secret power that particularly solo consultants have.
Speaker AYeah, and I think we're going to sprinkle in a little bit about important attitudes, some other important knowledge like the knowledge of how and when to fire a client.
Speaker BOh, one of my favorite subjects.
Speaker BLittle done, but often thought about.
Speaker BMike, let's talk a little bit more then about solo consultants and what makes them successful.
Speaker BWhen we were putting the show together, we came across a really interesting research article by the consultancy Eden McCallum.
Speaker BBy the way, Eden McCallum have some skin in the game of who's doing what in consulting.
Speaker BBut even so, their research findings were interesting.
Speaker BThey collaborated with London Business School and they surveyed 307 US and European independent consultants and at the same time a sample of 94 traditionally employee consultants.
Speaker BAnd we get some interesting takeaways there about the success and the well being of those two different groups.
Speaker BRight.
Speaker AWe did, Ian, and it was interesting.
Speaker AI think the article was called something like, something like about consultants quitting and going independent.
Speaker ABut what we found was that 90% proactively started the business.
Speaker AOnly 10% did this because they had left or been dismissed from a consultant.
Speaker AAnd that 90% figure we hear, again, it's the number who report that they're satisfied working as solos.
Speaker AThey're actually, compared to their traditional counterparts, more satisfied than those counterparts with their current professional life.
Speaker BRight.
Speaker BSo it's not just about the money and making the margin.
Speaker BIt's about the satisfaction with the work as well.
Speaker BThat's fascinating.
Speaker AYeah, and they are satisfied with the money as well.
Speaker AThey're meeting their target days.
Speaker AThey're earning more, or at least the same as when they were employed, despite working fewer days.
Speaker BOkay, and how about the quality of the work?
Speaker AWell, they say that compared to when they were at traditional consulting firms.
Speaker AAs a matter of fact, 91% said it offers a better value for money for clients.
Speaker AAnd two thirds said their recommendations were more likely to be implemented when they were doing recommendations with their traditional consulting firms.
Speaker BSo far, it's a win all round for anybody who's got the skills and the confidence to get out of traditional consulting and find a place as a solo or an independent.
Speaker BAnd Mike, it seems like people are gratified in their work.
Speaker BThey're making a good economic return.
Speaker BThey're providing a better service to their clients.
Speaker BThis is good news for clients as well as for the folks who are listening today.
Speaker ARight, yeah.
Speaker AAnd I was fascinated.
Speaker AOne of the things they did is they said, what do these people value?
Speaker AWhy do they do this work?
Speaker AAnd they both samples value great client work.
Speaker AIntellectual challenge, flexibility and control to choose where, when, and with whom they work.
Speaker AAnd a good work life balance.
Speaker ABut while they both said these were our highest rated the things that we value, many of the traditional consultants said that their satisfaction self reported satisfaction level with each of these was significantly lower than the self reported satisfaction value of solo practitioners.
Speaker ASo, like the same things, but the solos are saying, I'm getting a lot more and a lot better of that now.
Speaker BInteresting.
Speaker BAnd it's no coincidence that you and I have stayed in the solo world for a number of decades now.
Speaker BIt's nice to hear it confirmed.
Speaker BMike, this is all great for like middle aged guys like you and me.
Speaker BAre there any other groups that are doing well or having any particular takeaways in terms of their success as solo consultants?
Speaker AWell, this is one of the things that really lit me up in this study.
Speaker AInterestingly, there is another group that's particular particularly interested in solo consulting and that's women solo practitioners who, you know, particularly appreciated the flexibility of being able to do this and the income.
Speaker ASo I'll just give a quote from the report.
Speaker AConsultants self reported full time equivalent salary information indicated that women are more fairly compensated once they go independent.
Speaker ASpecifically it reads or our survey data revealed a 28% gender pay gap for those employed in a traditional firm.
Speaker ABut this gap closes to 3% when these same individuals are working independently.
Speaker BYeah, I think that's a great outcome and that's progress to me.
Speaker BI think there are sacrifices to do with going solo and it's not for everybody.
Speaker BBut if it helps women in our workforce to get a work life balance that is fair to them and gets them fairly paid for their work, I think it's great.
Speaker BIt's interesting that people want to compare rates between solos and independents.
Speaker BWe've talked a bit about this with some of our clients.
Speaker BComparing rates can be a bit of a trap comparing what looks like the day rate between a large firm and a small firm.
Speaker BWe are big fans of the idea that value is the key, not just day rate and not just the equivalent of time.
Speaker BWe might talk some more about that in a second.
Speaker BI think Mike, it also might be the case that solo firms are less vulnerable to the temptation of doing any old work to fill time.
Speaker BI've certainly seen some big firms and big practices where they seem to be behaving like any revenue is good revenue.
Speaker BAnd I think maybe in the right economic circumstances a solo consultant can be a bit more savvy about turning away work.
Speaker BThat would just be handle churning.
Speaker BThat would just be routine and low margin provided always Mike, that they can keep a healthy pipeline and they aren't forced into taking just any old work just in order to live and put food on the table.
Speaker BSo there are personal benefits.
Speaker BThere are even client benefits to independent consulting.
Speaker BMark, are there any traps here at all?
Speaker BWhat should we be watching out for?
Speaker AYeah, and I think you nailed it, Ian.
Speaker AYou were talking about what people loved and what they did.
Speaker ARight.
Speaker AAnd as far as key client related reasons why solo consulting businesses fail, insufficient pipeline management comes way high on the list.
Speaker AThat failure to maintain a consistent flow of new opportunities while serving current clients.
Speaker AIt's that old feast and famine kind of thing that we see in firms.
Speaker ABut with Solo you are wearing the multiple hats as we talked about in managing Self last week.
Speaker AAnd the people who don't do what you just suggested earlier often fail more on a regular basis.
Speaker AThat inadequate client qualification here, specifically working with clients who are poor fits for your expertise or working style.
Speaker ASo kind of think bringing that into account rather than which is what we usually see at a traditional firm.
Speaker AThere's no proposal that I wouldn't think about bidding on.
Speaker AAs we know, even our business and our clients at our some of our coaching things who think that way really lose a lot of margin and value and have much less in terms of that valued experience of working with clients and making things happen and adding value.
Speaker ASame thing can happen to solopreneurs as well.
Speaker ALuckily it typically doesn't.
Speaker AAnd part of that may be Darwinian that when you do a lot of that, you usually don't succeed.
Speaker BRight.
Speaker BWell, go back to our, what was it, two or three year survival stats that we talked about last week.
Speaker ARight.
Speaker BMaybe those of us who are making it into year four, five and six are the ones who are finding it easy and profitable to say yes to valuable clients and finding it easy also to say no to work that doesn't really fit.
Speaker BI think being forced to accept a bad fit client is an economic penalty when you're in a big firm.
Speaker BIt's a personal emotional penalty as well.
Speaker BWhen you're working for yourself.
Speaker AAbsolutely.
Speaker BBeing able to do that consistently to be able to qualify your work is something that we solos still need to pay attention to, I think.
Speaker AYeah, and you're right.
Speaker AI think a lot of some of the stuff that we're going to talk about today that's so important, lack of a systems, lack of follow up, inconsistent income forces us to accept bad fit clients.
Speaker AI think one of the big ahas in my independent consulting career was reading a book and it was a book about marketing and it was a book about running your solo business.
Speaker ABut they painted this picture in the first chapter about kind of fit thinking of your business like a really high end club, if you will.
Speaker AAnd they set the scene of there's a bouncer here with a list of people, there's a red velvet rope who's going to get into the club.
Speaker AAnd they weren't meaning to be snobby or anything, but they did say so what are your standards for who gets into the club of your business, if you will, that not all clients are equally good.
Speaker AThey're not good for you, they're not good for the work, they're not good for the value create, they're not good for your progression or the client's progression or value.
Speaker AAnd that idea of wait a minute, I was think early on my mindset was I got to make sure I'm the only one.
Speaker AAnd if there's something that smells like a lead, if there's something that Smells like some business.
Speaker AEven if I'm just making sure to keep my hours and days full.
Speaker AThinking about hours again and rates, not just value.
Speaker AThat was a mistake.
Speaker AAnd, boy, that was a big, wonderful change for me.
Speaker BSo ability to qualify and be a bit selective about the work that we accept, I think is an important factor for our success.
Speaker BI think it's a bit of a trap as well for solos to get too dependent on one client.
Speaker BI remember working, working with somebody who was actually being hired back into the big firm that I was with at the time, and he had spent five apparently successful years out as an independent, and he said, I just got fed up.
Speaker BI would have.
Speaker BI had one client and I had one service offering and I was bored.
Speaker BAnd it wasn't giving me what I needed.
Speaker BSo being too dependent on one client is a bit of a risk for us.
Speaker BIt certainly leads to an imbalance of power and status.
Speaker BIt can certainly lead to stagnant growth or even the risk of big periods of downtime.
Speaker BAnd it's.
Speaker BIt's a vulnerability, and I hope, fingers crossed, I've managed to avoid too much of that.
Speaker BBut it's the downside that you get from success, from getting a big annuity client.
Speaker BRight.
Speaker BAs a solo, you can end up dependent on them really quickly.
Speaker AYeah.
Speaker AAnd depending on what you're doing with that client, you could really get out of the habit of learning and challenging yourself and stepping outside your comfort zone, which is going to ultimately be really important.
Speaker AAnother, I think reason for failure is poor client communication.
Speaker AAnd, you know, that's failure in any traditional consulting or solo consulting.
Speaker ABut.
Speaker ABut sometimes we get a little too busy or we're kind of taking things for granted.
Speaker AOr it may be when we've got that one client and we're expecting that everything's known.
Speaker AAnd then we get into bad habits and we have a new client and we create missed expectations or the lack of expectations or the failure to set them.
Speaker AYou know, we set ourselves up for diminishing, not building our trust and getting a lot more churn in the work that we're taking on.
Speaker BYeah.
Speaker BAnd we've got some thoughts coming up on how to fix that.
Speaker BWe think a key moment for addressing this could be right at the beginning of the engagement.
Speaker BBut we'll come back to that.
Speaker BAnother factor that I've seen holding companies back.
Speaker BI've seen it anecdotally and I've read about it in the research as well, is this old chestnut of undercharging and over delivering.
Speaker BI don't think that Solos are the only ones in the market that have this problem.
Speaker BEvery consultant has this problem.
Speaker BIt's the age old scope problem.
Speaker BBut there is certainly the risk that when it's your own work and you're probably super invested in it and you're trying to be super self reliant, you can end up with undercharging and over delivering, resulting in burnout and you resenting your clients, which is a really bad outcome.
Speaker BAnd it just becomes unsustainable.
Speaker BNow we've spent a lot of time talking to clients in our coaching programs about developing new business, about qualifying, about being selective, and about earning a fee that reflects your true value as a consultant, not just a day rate.
Speaker BAnd if that rings a bell with you, and if you're listening as one of the folks that recently joined with us at the business conference in Miami, if you're joining our June win big coaching program, then you're welcome.
Speaker BAnd you know what we're talking about here.
Speaker BSo we might come back to the whole topic of client acquisition at another time.
Speaker BBut Mike, first of all, let's assume for a second that we have a brand new client, we have a freshly inked purchase order and we're ready to deliver.
Speaker BWhat's going on at those, those first moments of truth?
Speaker AWell, I think what we've seen often and learned from the research as well is what's going on in successful solopreneurs is some really good client onboarding and expectation setting here and not trying to make this up as we go along each time, but really developing a standardized onboarding process with clear milestones so you're not having just think this over and over again.
Speaker AAnd by doing that, you're always learning and updating your protocol, your process for doing this.
Speaker BI think this is a great moment to pretend like you're a bigger firm.
Speaker BInsist on a bit of formality, insist on some checklisting.
Speaker BThat means includes taking care of the relationship.
Speaker BThat includes making sure you get a good kickoff.
Speaker BThat includes making sure that the financial admin and billing and stuff is taken care of.
Speaker BPretend like you're a big firm because it really sets some important stakes in the ground.
Speaker BI think every consultant should be good at running a kickoff.
Speaker BIt's tempting though for a solo consulting firm to say, well do you know what?
Speaker BThey know me and I know them and I know what need doing.
Speaker BSo I'm just going to start with the doing all the classic consulting stuff about making sure we understand objectives, we understand metrics of success.
Speaker BAll of that becomes important in its own Right.
Speaker BI think when we are solos, but we need to set discussion points for scope changes.
Speaker BWe need to set what the protocol is going to be for any change requests that come along.
Speaker BBecause sometimes we have to work hard to get the status to make those kind of things happen later in the life of the project.
Speaker AYeah, I agree.
Speaker AAnd I think there's some intangibles that are important in either world, but particularly important with solo consultants.
Speaker AWe're going to talk later about how we have this great opportunity to be closer to our clients.
Speaker ABut along with that, this idea about how are we going to work together, because that's unique for different people, it's unique for us.
Speaker AIt's unique for our different clients and different individuals within a client.
Speaker ASo making sure we understand things like communication preferences and boundaries and are establishing them both ways, as well as taking advantage of that ability to have a little bit more intimate knowledge about the individuals we're working with.
Speaker BSo, Mike, if we're going to be careful about saying we'll have a disciplined onboarding process and we'll have some formality about the client kickoff.
Speaker BAre there any particular questions that we should be asking?
Speaker BAny particular topics that we can dig into, especially as solo consultants?
Speaker AWell, one of them, I think, is communication and cadence management.
Speaker AThere are many things we want to do, but this is one again we can set up right from the get go and get right.
Speaker AAnd there's some really, really deep value here in particularly one aspect I think we can zero in on.
Speaker AIan, what about you?
Speaker AWhat's the real payoff in communications, cadence and management?
Speaker BWell, for me, it's going back into their why.
Speaker BYou know, if you've worked with us on any of our programs, we really are passionate about understanding the why, the rationale, the reasons why clients are asking for our help.
Speaker BIt's very common for us to do loss reviews, like calling the client to ask for feedback when we didn't get the deal.
Speaker BFor solos, there's an even better opportunity to have a win review, ask the client why they did go with us.
Speaker BWe have so much supposition in our heads about why they choose to go with us and not a big firm.
Speaker BWe have so much supposition in our heads about what their buying criteria were.
Speaker BHaving a win review going and asking the client, why did you go with us?
Speaker BWhat was the proposition for you?
Speaker BWhat made the biggest difference?
Speaker BThere's a really big payoff.
Speaker BIf nothing else, it means we know what to focus on in our pre sales conversations, in our pitching and our documentation and our proposing there's, there's margin for us in doing more of that more efficiently and cutting out some of the stuff that doesn't make a difference.
Speaker BI think it also sets the tone within the client that we are going to be listening at all of the key stages for ongoing feedback.
Speaker BLike I say, it's very easy to drop back as a solo into the kind of friendly just you and me together mentality, but to show that we're going to keep coming back to them to ask for feedback, to ask for chances to learn.
Speaker BI think that's a really important part of the communication strategy for everything that we do as consultants.
Speaker BEven more than when we're, when we're in a large firm.
Speaker AI absolutely agree with you again, and we've got that opportunity.
Speaker AI mean, how many folks in a traditional firm, we drop the usual client SAT survey at the end, perhaps even have a third party do that.
Speaker AAnd we do that routinely.
Speaker AAnd all the learning that we miss out on and the idea of we may talk about that need to do a follow up post engagement, not just immediately, but on an ongoing basis.
Speaker ASo how's that working out for them?
Speaker AWhat are they finding?
Speaker AWhat else is going on?
Speaker AWhat are the new challenges?
Speaker AWhat are the new opportunities?
Speaker AI mean, there's such a rich learning that comes from that as well as a great way to truly establish that relationship and that ongoing value and to stay in front and on top of mind with our clients so that as other opportunities and challenges present themselves, we're in the mix of their thinking as somebody that might be able to help them with that, but doing it first with the client's interest in mind and the creation of value, not with the, you know, oh, this is Mike calling again for his quarterly have you got any business for me call?
Speaker BOr even worse, this is Mike calling for a five star review.
Speaker BCan I have a five star review?
Speaker AYes.
Speaker AAmen to that.
Speaker BRight, so Mike, you said that there are going to be some key moments when there are chances for us to learn.
Speaker BWe've been talking about getting feedback routinely.
Speaker BAnother thing that often pops up and I'm working with and coaching solo consultants is handling those situations when it's not gone well, managing difficult situations, difficult conversations, or even difficult clients.
Speaker BI think the people who are good at this in the solo world, first of all, are continually reflecting on their experience.
Speaker BYour ability to stay calm and to be positive when things are not going well.
Speaker BI think partly comes from having been in the world a little bit.
Speaker BIt also comes from knowing the routines.
Speaker BWhat are the kind of I'm not going to say scripts, but what are the memory guides that you're going to use to make sure that you stay calm, that make sure you don't get defensive, that make sure you can navigate your way through challenging scenarios?
Speaker BScenarios like scope creep, like late payment, like changes to stakeholders, like having to give unpalatable news.
Speaker BSolos are actually really well placed to give unpalatable news and to make it personal, as we're going to see in a second.
Speaker BBut I think the ones who are good at being successful in the long term as solo consultants are the ones who manage to navigate those difficult situations.
Speaker AYeah, Ian, I think you're absolutely right.
Speaker AAnd because we are solopreneurs, oftentimes we are reacting out of emotion, we're reacting out of the moment.
Speaker AI mean, that's just being human, and we can't afford to do that.
Speaker AWhat we have to have is a way that we go about this and a way that we handle this.
Speaker AIt was why setting that way up ahead of time, which we talked about earlier on the onboarding, was really important because we're now just coming right back to that and we don't want to have a confluence of things, okay, if something else went wrong, if we all of a sudden have a new pressing need, financially, ourselves, we may be tempted to really deviate from this or to let troubles with another client influence our emotion and our communication with this client.
Speaker AWe don't want to do that.
Speaker AWe've got a way of doing this, a way of doing this well and maintaining that way, and knowing that we go when times are hardest right back to our protocol reduces stress and leads to a much more confident client interaction.
Speaker AI'm not making this up.
Speaker AI'm not reacting, I'm acting.
Speaker ASo our stress is reduced, our confidence is increased, and for the client, we're just reaffirming that clear understanding of boundaries and professional issue resolution.
Speaker AThis isn't personal, this is business.
Speaker AI am going to do all my listening, I'm going to do my reflecting, and I'm also going to stay straightforward with the protocols, the agreements that we've already made.
Speaker AAnd ultimately being able to do this consistently the same and well is going to help preserve our profitability and our.
Speaker AOur relationships and professional reputation.
Speaker ASo I think these are why they're so key, that difficult situations are not something we take on ad hoc and we don't take on based on emotions and circumstances of the minute, but we're trained and experienced in doing this, and we go to a default protocol rather than that reaction so this idea of.
Speaker BManaging our state and managing our emotions is interesting.
Speaker BWe're back in a way in the territory of managing ourselves as a individuals.
Speaker BBut managing clients is an important part of the picture.
Speaker BOne of the books that we've been talking about, one of my favorites from again, way back in the 90s, I think, given to me by an old friend called John Savage who was clearing out his library, he said, ian, I want you to have this.
Speaker BAnd this is a book by a guy called Jeff Bellman.
Speaker BBellman's book is called the Consultant's Calling.
Speaker BAnd the subtitle is something like how to bring more of what you are to what you do.
Speaker BAnd it seems like it's a general book about consulting, but it really chimes, I think, for people in the solo world.
Speaker BAnd one of his big themes is the power that solo consultants have.
Speaker BSo he's talking here about the vocation that we all have.
Speaker BIt's a generous thing that we're giving to the world.
Speaker BHe's also talking not only about that, but about the authority and the status that we have.
Speaker BIt's certainly important, to use his phrase, to reduce the distance between the consultant and the client's problem.
Speaker BAnd if you're distant from the client and if the language that you use about yourself is always that of being an outsider, then you can't get close enough sometimes for your advice to really land.
Speaker BThat's probably a hallmark, I think, of what you might call the expert or the academic type solo consultant, where you sort of expect to be called in when times are tough and then to pronounce.
Speaker BI think that's actually really difficult to have your advice heard when you're trying to be that kind of outsider.
Speaker BWhat he does talk about though is that individual consultants, solo consultants, have a power and a status or a status that can be far greater than simply being a solo consultant who's there to be the dependable ditch digger.
Speaker BAs solo consultants, we sometimes have a really special opportunity to speak truth, to say what we see plainly, indirectly, to choose our moment when our client most needs to hear it.
Speaker BAs solo operators, if we've got something to say, we don't have to go through the rigmarole of an all day workshop and a big slide deck and lots of kind of socialization.
Speaker BWe can just sit down with our client, opposite them at the table or on a team's call and tell them what we see.
Speaker BNow this gets us back into the territory sometimes of what the difficult conversations are.
Speaker BBut I think this is a really, really important power it doesn't come for free.
Speaker BIt's not easy to use.
Speaker BWe have to choose our moment to employ it, we have to use it wisely.
Speaker BBut for me, I think it's definitely there.
Speaker BThere was an occasion I was actually not working as a solo.
Speaker BI was actually working as a duo, me and a colleague.
Speaker BShe and I were doing a piece of work for a division of a really big healthcare services company, looking at the performance of one department.
Speaker BAnd we thought we were going to uncover all kinds of things about their workflow and their processes and their collaboration.
Speaker BWe actually discovered one simple thing, which was the role of one individual, really, albeit well intentioned and albeit very smart and albeit very well qualified.
Speaker BThis one individual and the role that he ended up having and the position he put himself in was holding.
Speaker BAll of the progress back and it had taken them.
Speaker BThey'd had three or four different consultants in of various sizes and of various kinds before we had got to do this simple piece of discovery.
Speaker BWe sat down with the CEO and we explained plainly, this guy and where he is and how you're asking him to behave is not working for you.
Speaker BAnd I think we could not have done that so easily if we were a team of 10 standing in front of a firm of 10,000.
Speaker BI think it was much easier and more powerful to be the personal approach, if you like.
Speaker AIt's interesting, Ian.
Speaker AI remember one of my first implementations of the velvet rope back in the days when I was doing turnarounds was to talk to potential clients and say, okay, you're hiring me to work on this turnaround with you and your firm or your team or whomever.
Speaker AAnd if I find out that you are the problem, do you want me to tell you, you know, is that fair game for the report?
Speaker AAnd anybody that said, no, I didn't take the business, it was kind of a nice way of saying, here's the checkbox for getting into the club is if you are the problem, then you have to be interested in knowing that as opposed to, I know I'm not the problem, so that's not going to be a problem.
Speaker BThat's also a fascinating stake in the ground to buy you the permission later on to tell it to them how it is.
Speaker BLike, you asked for this, and later on, when I've got it, I'm going to give it to you and remember that you asked for this.
Speaker BExcellent, Mike.
Speaker BThis all seems a little bit like client psychology.
Speaker BThe more you get into the solo consulting world, the more grayness and vagueness there is around client relationships.
Speaker BIt's harder and harder to tell sometimes where you are in the spectrum between giving business advice and giving out therapy.
Speaker BAnd I think of a few times in my life when I felt like I'm the client's therapist in a way.
Speaker BBut I'm proud of that as well.
Speaker BI think you have an impact helping leaders to see themselves and see their organizations in a new way.
Speaker BYou can be proud of helping people to make decisions and make progress, even if it's at a very simple level.
Speaker AYeah.
Speaker AAnd I think we're always about making our clients feel safe, feel supported and looking at their strengths, not just weaknesses, not just the things they can do otherwise.
Speaker ASo we're not in the position which I think sometimes I remember having this conversation with people who came out of very successful careers or in the midst of very successful careers in some of the top firms where arrogance was a virtue and arrogance played out with clients.
Speaker AAnd that was part of.
Speaker AAnd fear, uncertainty and doubt, that FUD factor thing.
Speaker AAnd I thought that's just a different way of doing business.
Speaker AAnd that for me, certainly in solo consulting was not what was good.
Speaker ASo I think that basic psychology and other attitudes too, Ian, this idea that, yes, I am sometimes coach a therapist, I'm thinking more like a partner, a partner with the client as well as a partner of my own firm and not a vendor.
Speaker AAnd I think a lot of times it's so easy when it's your.
Speaker AI'm now the business as a solo, I am a vendor.
Speaker AI'm doing transactions with all these potential clients here.
Speaker ABut, you know, having a client service mindset from a partner perspective, that very helpful.
Speaker BYeah.
Speaker BAnd it sounds easy to say, but it's quite tough to do to put yourself on the same side of the table, if you like, as your client to see the world through their eyes a little bit.
Speaker BAgain, being an individual might get you privileged access to be in that situation.
Speaker BYou can see through the eyes of the individual.
Speaker BThat speaks, Mike, of a kind of confidence that's balanced with humidity.
Speaker BHumidity.
Speaker BWhat am I talking about?
Speaker BYeah, never mind the moisture in the air.
Speaker AIt's probably a very key skill, actually.
Speaker AConfidence with humidity.
Speaker ABecause sometimes we have both, right?
Speaker BIndeed.
Speaker BConfidence with humility is what I was trying to say.
Speaker BClients need to feel supported and respected, sometimes more of one at some moments, and sometimes more of the other.
Speaker BBut we need to be able to modify our status a little bit.
Speaker BAnd if we're talking about what's a better mindset than being arrogant, I think it's being able to balance some confidence and Humility like this goes all the way back to confidence and humility in, what was it, episode one or two of the whole series.
Speaker BIt's an even more important story, I think, for solo consultants.
Speaker AYeah.
Speaker AAnd you know, it's funny as we're adding into that bag of attitudes and beliefs and knowledge too.
Speaker AResilience, you know, having some grit, having some resilience.
Speaker AResilience.
Speaker ASome leads just ghost us, some clients just ultimately ghost us or go somewhere else for what appears to be no reason in the world.
Speaker AAnd even when we do follow up to try to understand why we might not find out or get reasons that we know are clearly not it.
Speaker AWell, some clients are difficult and you've got to be really good at having done all the things we've talked about.
Speaker AAnd still when these things happen, not taking it personally.
Speaker AThis is learning.
Speaker AThis is an opportunity to learn and to move on and not to have our whole self invested in what just happened.
Speaker AIt's what's happening now and what's going to happen.
Speaker BAbsolutely.
Speaker BI think if you're a solo consultant and you haven't ever thought about the topic of emotional intelligence, you haven't ever thought about what's going on in your own mind as you think about setbacks and failures and problems.
Speaker BNow is a really good time to find out about that stuff.
Speaker BNow, Mike, we're talking about tricky situations.
Speaker BWe've been talking about dealing with setbacks.
Speaker BWe've got almost to the end of the episode here.
Speaker BThere's one other tricky situation that I think is really fascinating to consider from the point of view of a solo.
Speaker BAnd that's when it's time to end the relationship.
Speaker BWe mentioned it in our headlines at the beginning.
Speaker BHow and when to fire a client is an especially interesting challenge.
Speaker BWhen you're a one man band, if you like.
Speaker AAbsolutely.
Speaker AHow and when especially interesting challenge and vitally, vitally important.
Speaker AWe've kind of alluded to this throughout the episode, I think, and this is what it really comes down to it to say, you know, there can be all kinds of red flags.
Speaker AWe can have late payments, we can have clear disrespect.
Speaker AWe can have people that fly in the face of what we're doing here or casting.
Speaker AThe problems are as a result of us or something we have just repeated scope creeps.
Speaker AThis idea that I'm actually going to be using you.
Speaker AAnd regardless of all that, we have to within ourselves and within our protocol say, how do we do this?
Speaker AHow do we do this politely, professionally, and these relationships, how do we do that?
Speaker AEven sometimes when it's been really up there in a way that has noticed, that has a transition plan there and how do we do it in a way that preserves ideally, both our dignity and the dignity of the client and takes that emotion to a different place.
Speaker BYeah, I think there are all kinds of reasons for getting to the point where you need to say no more to the client.
Speaker BBut I think it helps to bear in mind that there's going to be a day after.
Speaker BThere's going to be a day after for them and for us, when actually in the future we might be respected a little more.
Speaker BWhen actually in the future they might be better placed to get the advice that might have been a struggle to get across.
Speaker BThere might be an opportunity for us to reinforce our brand.
Speaker BYou know, your branding isn't only defined by the stuff that you do.
Speaker BI think your branding is also defined by the things that you choose to walk away from and turn down.
Speaker BAnd that, I think puts us in the opportunity of seeing terminating a client rare though it should be as an opportunity just as much as it's a big emotional hurdle for us.
Speaker AYeah, I think it's the same way as not taking on the wrong business.
Speaker AWell, sometimes we are prescient.
Speaker AWe can see that.
Speaker ASometimes it's okay.
Speaker AIt wasn't there before or I didn't see it before and I see it now.
Speaker AAnd I'm going to make the same decision that I would make then.
Speaker AAnd isn't it interesting?
Speaker AI mean, I'm sure we can both recount the many times where the reason we got business is because we turn down a certain opportunity to do it this specific way, match this bid, do it like this.
Speaker AHere's the way we wanted you to.
Speaker AWe are hiring you to implement this thing that we have.
Speaker AAnd you're saying that's not going to work.
Speaker ASo, no, I can't.
Speaker AYou can't hire me to do that.
Speaker AWhat you could hire me for is to meet your end result.
Speaker ABut doing it this way, and here's why.
Speaker ASo all of those, again, it's.
Speaker AYou can fire them as you're in the.
Speaker AHaving worked with them, you can refuse to do that to begin with.
Speaker AAnd to your point, it does say a lot about you and your brand and it gives you that energy to spend on better clients and find ideal clients and get better results and not get burnout.
Speaker BAbsolutely.
Speaker BSo, Mike, feel a connection coming here.
Speaker BMaybe it's time to take stock and look all the way back through all of our thoughts in the episode.
Speaker BSo, Mike, as you were Pointing out there, we've kind of come full circle.
Speaker BIf we have the confidence and the trust to be able to choose to finish a relationship in one of those very rare situations where we have an undesirable client or an undesirable project, if we have the confidence in the status to do that, that also gives us the confidence and the bandwidth, the space to win new business.
Speaker BAnd as Simba in the Lion King might have said, the circle of life continues.
Speaker BSo maybe this is a good moment to put together our final thoughts as we thought about onboarding and communication and feedback and win reviews and also ending the relationship.
Speaker BI think that it was great advice when somebody once said to me at the beginning of my time as a solo consultant, you've never lived until you fired a client and I don't ever look forward to it.
Speaker BIt doesn't happen very often.
Speaker BBut I think it was really good advice about my mindset and my choices about the work I was doing.
Speaker BBy the way, I was sitting just earlier this week with a small firm of consultants who had just done exactly that for entirely positive reasons.
Speaker BThey had said, we are done with this particular client.
Speaker BAnd in the middle of the team meeting, in came a delicious cake with frosting on top, saying goodbye and the name of the client, not schadenfreude.
Speaker BThey're not ironic, they're just marking a milestone that has a positive connotation for the team.
Speaker BIt frees them up to move on to the next new thing.
Speaker BSo I thought that was a really fun moment to be part of.
Speaker BIf some of them are listening now, you know you are.
Speaker BHello and thank you for the delicious red velvet cake.
Speaker ANice.
Speaker ANice.
Speaker AYeah.
Speaker AI can't help but think back to two situations in my life.
Speaker AOne as a corporate consultant where we actually did fire a client, meaning the economic sponsor of it.
Speaker ABut I think back to how much pressure there was in terms of being able to do that, speak on behalf of the corporation and to be able to say, this person is the problem.
Speaker AAnd in order not to look like we've completely failed, we're going to have to turn this over to upper management because the failure is coming from within, who happens to be the economic buyer who's not allowing us to say the things that the corporation needs to hear.
Speaker AThat was a tough thing and hard to do and everything, versus, you know, being in a solo career and having my biggest client with a long standing relationship hire somebody who is toxic to that firm.
Speaker AAnd having watched what they were doing to that firm's people going up higher in this client to say, I can't continue to work with you, watching this happen with this person, with these good people in your organization.
Speaker ASo it wasn't about what was happening to me.
Speaker AThis person very much wanted to partner with me to, quote, unquote, clean house for me.
Speaker AThat was not what this client needed.
Speaker AThat was not what was valuable.
Speaker ASo maybe as a traditional consultant, I might have seen some big revenue streams promised and thought, let's just go along for the ride as an individual consultant.
Speaker AI said no.
Speaker AIt turned out they handled that matter internally once they became aware of what had happened under this person's early and short watch.
Speaker BYeah, back again to the power of a solo consultant.
Speaker BJust like Bellman says.
Speaker AYes, exactly.
Speaker BThinking back to other kinds of great advice that are now ringing in my head as we've thought about this whole topic, this episode, I think it was great advice when somebody told me I needed to know which clients I was going to call when one day I really needed some work.
Speaker BAnd I think that's a good metric for the trust that you have and the relationships that you have with your clients.
Speaker BI don't think successful solo consultants can survive on just one client and not just on one offering, as I said earlier on.
Speaker BBut I do think successful consultants are going to have been selective.
Speaker BSuccessful solo consultants will probably have had five or six really close trust based client relationships in their careers that endure.
Speaker BCertainly not 50 or 60.
Speaker BAnd if you're thinking of starting out in your solar business and you're thinking I need a long roster of clients, I don't think long is the same as good.
Speaker BHaving close trust based relationships gets you a lot more than having lots of transactional relationships.
Speaker BSo, mate, here we are.
Speaker BWe're talking about new work coming in.
Speaker BWe're talking about growing relationships.
Speaker BWe're looking ahead to moments when we actually have work in front of us.
Speaker BValuable and relevant and consequential work for our clients.
Speaker BThat brings us to the subject of our next episode, the final one in our trio of solo consultant specials.
Speaker BThat's managing the Work.
Speaker AIan.
Speaker AI'm looking forward to that and we hope you are too.
Speaker AWe hope you'll all join us next time on the Consulting for Humans podcast.
Speaker AThe Consulting for Humans podcast is brought to you by P31 Consulting.