The 5 Techniques to Avoid Taking on Non-Ideal Clients in Your Consulting Business
In today's edition of THE INDEPENDENT, let's talk about non-ideal consulting clients.
Have you ever taken on a consulting client, only to quickly regret that decision?
But you did it anyway...for reasons that felt logical in the moment.
And then you paid the price each and every day (sometimes for months on end) because you took them on.
This non-ideal client scenario happens more often than you might imagine.
I can tell you this from personal experience. I took on non-ideal consulting clients many times, especially when I was first starting out as a consultant.
The truth is that I made all these mistakes because I was afraid I wouldn't have other opportunities and wasn't thinking of my work as a business.
The good news is that it's been years since I've engaged with a client I regretted taking on.
Recommended by LinkedIn
It's because I've implemented the 5 strategies I'll share with you, and as a result, I have a very dialed-in process for attracting and vetting clients.
And, I want to help you have one too, so you can avoid the financial and emotional cost of taking on non-ideal clients.
There are five strategies to avoid taking on non-ideal consulting clients.
And, you can avoid these non-ideal clients without missing your revenue goals. You don't have to choose. You can have ideal clients AND hit your revenue goals as a consultant.
Here's how:
1. Be crystal clear about all aspects of your floor
2. Use your emotions to your advantage, as a business tool
3. Generate intrinsic confidence
4. Leverage flexible offerings (especially if you're on the fence about the ideal-ness of a potential client)
5. Develop a value-driven exit strategy
I share specifics for each of these strategies in this week's podcast episode.
Implementing the five strategies I share in the episode can save you from months of regret and opportunity cost.
Trusted Business Advisor. Fractional CFO. Business Consultant. How's your cash flow?
4wTaking on a bad client can have many effects & almost all of them bad. Knowing who your Ideal Client is by creating and Ideal Customer Profile (ICP) and vetting new clients honestly and thoroughly can save a lot of headaches and angst later. If you do take on a bad client, get rid of them quickly!