Thinking of Yourself as a Managing Partner: A Gamechanger for Your Consulting Business Results

In today's edition of THE INDEPENDENT, let's talk about your mindset.

You've probably heard me talk about the importance of developing a business owner mindset.

Thinking like a business owner is one of the key ingredients for success.

For you as a consultant, one way to apply the business owner mindset to you and your business is by thinking of yourself as a managing partner.

It's your Managing Partner mindset.

What's the Managing Partner mindset? 

The Managing Partner mindset means you have a comprehensive approach to leading a consulting business, emphasizing growth, client relationships, and operational excellence.

You, as the Managing Partner of your consulting business, are responsible for

• Business development (that means hitting/exceeding your revenue and profit numbers),
• Attracting and retaining top talent (in this case, that's you!), 
•  Team development and leadership (anticipating needs, building development plans for your team (again, that's you!), fostering a culture of excellence)
• Client referenceability (excellence in your delivery so your clients achieve the intended results and keep the door open for ongoing opportunities with them and others)

When I worked for Accenture, I worked for a Managing Partner who was responsible for the Oil and Gas sector.

He managed client relationships, drove new business, and identified and retained top talent for his portfolio within the firm.

It appeared effortless from my vantage point.

I'm sure it wasn't.

But he figured it out and was incredibly successful.

I often think of him as I think about him when I think about what it takes to be a successful consulting business owner.

How does this apply to you?

1. Ask yourself - what would it look like for you to think and act as the Managing Partner of your consulting practice? How would thinking of yourself as the Managing Partner shift your priorities, your strategies, and your confidence?

Listen to Episode 188 of the podcast - It’s packed with actionable insights on how to elevate your role from a business owner or lead consultant to a Managing Partner, empowering you to lead your business towards significant growth and long-term success.