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    April 23, 2008

    Are You a Trusted Advisor?

    Filed in: Books, Coaching Tips, Entrepreneurs by Dr. Lois Frankel @ 5:07 am

    If you own your own business or consulting firm — or if you’re thinking of becoming an entrepreneur — you’ve got to think beyond your technical expertise to your relationship with your clients or customers.   Any good entrepreneur will tell you, you can be the best in your field, but if you can’t build relationships with the people who hire you, you won’t be in business for long.  Author David Maister wrote a book that I just love:  The Trusted Advisor.  He talks about the fact that as our relationships with our clients or customers deepen, we become more than an expert to them.  We become “a trusted advisor.”  Someone they look to for honesty, a sounding board, and sometimes plain old friendship.  Here are some coaching tips for how you can become a trusted advisor in your own business or even working for someone else:

    1.  Be a better listener than talker.  Entrepreneurs fail all the time because they provide clients with services they think they need, but that don’t really solve a problem or fit the situation.  I recently “fired” my insurance agent because he kept trying to sell me products unrelated to what I told him I needed. 

    2.  Be discrete.  This means you don’t talk about your clients or use their names without their permission.  I once overheard a cell phone call in the airport that was totally inappropriate.  It was a consulting firm that was working on the campaign of a famous senator.  By the time the call was over I knew all the tactics they were going to use in an upcoming election.  If the senator ever got wind of it I’m sure this company would have been fired.

    3.  Be generous.  No one likes to think they’re being gouged.  Set a fair price on your product or services but know when it’s appropriate to throw in something extra or not bill for a ten minute telephone consultation.  In the long run it won’t make much difference to you but it will to your customers.

    4.  Be someone others want to be around.  People don’t buy your product or services, they buy you.  There are plenty of people who can provide what you sell — why should anyone buy from you? 

    5.  Be honest.  If you’re not the best person for a particular job, recommend someone else who is.  Remember the scene from Miracle on 34th Street where Santa Claus was sending shoppers to other stores?    It wound up getting his store even more customers because they appreciated his honesty.  Similarly, if your client or customer asks for something you think isn’t appropriate for the situation, say so rather than simply provide it in order to make the sale. 

     

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    2 Comments »

    1. I am at the beginning stages of a small business. I have a solid idea, I’m brainstorming to find a name thaat promotes the values I want to convey. I’ve got alll the neccesary information to create an LLC when needed, my busiess is service orientated, no need in the forseeable future for office space. I’m researching for similar services in my area and in my state. Any other pearls of wisdom? any important things to add to my list before I delve in to a personal unknown territory? I thank you for your post it made perfect sense. In my proffessional life (working for others) I’ve always tried to put my self in the customers place, look at it from their prospective. This will be a key aspect when I start my first small scaled venture. I appreciate your site, and will be back to gain more pearls from all the great information available.

      Thank you!

      Comment by Tracy H. — April 29, 2008 @ 9:47 pm

    2. You go, girl! I know from experience how scarey it is to start a new venture, but believe me the potential payoff is worth it. I’ve got an entire chapter on starting your own enterprise in my book, See Jane Lead. You might want to check it out. The main thing I would suggest to you at this point is that you begin networking with like-minded people (you’ll need support), join organizations that offer services similar to yours (so that you don’t have to reinvent the wheel), and avoid naysayers (they’ll make you doubt yourself). When I first started my business over 20 years ago I had a mantra: failure is not an option. I repeated it over and over until I believed it and it success became a reality. Good luck, Tracy.

      Comment by Dr. Lois Frankel — April 30, 2008 @ 12:02 am

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