There are a number of factors to take
into consideration when prepping yourself and your company to approach the
largest clients you may ever work with.
Today we will begin with a brief look
at the three paths every business faces and show you which one is the path to
success. Then we’ll talk about the mindset it takes to attract the big fish.
There are three major paths a
business can take when expanding their business:
· Snail Speed
· Shooting Star
· Catch the Big Fish
Snail Speed
Unfortunately, most business owners
end up working themselves into the ground without much reward or success. This
is the inevitable result when you fool yourself into thinking you will find
quick success. You may also fall onto this path when you are avoiding change.
Shooting
Star
This describes a business that shoots
to the top so fast you become overwhelmed and are not prepared with adequate
resources in place to adapt to the sudden growth. This can also occur when you
are overwhelmed by smaller clients and do not take the time to try to land the larger
clients that would sustain your business once the small client sales start to
decline.
Catch the
Big Fish
This is the path that allows you to
build at a steady manageable pace by not allowing your customers to outpace you.
You can accomplish this by putting these tips to work:
Now we are going to transition a bit
and focus on the “big fish” mindset. It may sound easy to identify and catch
that big fish, but if you are stuck in a small business mindset, it will be
harder than you think.
Think of some of the benefits of focusing
on larger clients:
· Inexpensive
· Highly Profitable
· Longevity
· Security
In order to catch the big fish, you
need to believe your company can provide a benefit to their company. It is easy
to second guess yourself into the belief that a large company couldn’t need
anything from a small business like yours, but this is definitely flawed
thinking!
Once you take a look at how large companies
operate, it is important to identify which ones are the best fit for your
company. One of the best ways to get in the door is through a connection with
someone on the inside who will be able to put in a good word for you.
If you’re not sure where to start and
feel a little intimidated about catching big fish, reach out to me for
assistance.