Are you thinking of bailing out of a full-time job to start a consulting business?
Jumping out of a perfectly good airplane isn’t a good thing to do on a whim. On the other hand with a little pre-planning it can prove to be exhilarating. I’ve known folks that parachute from airplanes that were airborne in the Military and those that just wanted to check off a thrill on their bucket list.
Both took a lot of precautions. But the bucket listers all enjoyed it more.
What do you need to consider when you are taking that side hustle to full time? How do you get from unknown to memorable. More importantly what does it take to become Credible?
How do you go from Credibility to Cash?
- Stay real, honest and authentic
- Scrupulously avoid individuals and organizations that are not trustworthy.
- Pay it forward. Practice relational networking not transactional.
- Never stop adding to your expertise.
- Tell it like it is (even when your view is different from the “common view”).
People hire consultants, not companies.
Too often this is overlooked. The new consultant is so intent on becoming a branded entity that they overlook this simple fact. Really big companies may hire consultants by their company name but mid-level and below organizations are looking for experts and look for them by name. If you want to have a fancy name and elegant logo that is fine but sooner or later you will find that if prospects remember your company name it will be associated with your name.
In other words, if you are an independent professional of any kind such as a consultant or coach, you might as well append your name to your company name because your clients and prospects are going to do so whether you like it or not. Your name adds credibility and that credibility leads to cash
Trust is the single most important business development attribute.
Having enough in the grouch bag (reserve funds) can help you with this. If you are not extremely concerned with providing for you and yours it is easier to stay on the straight and narrow. You find that you have the ability to say, ”No” to those deals that just don’t smell right. You will be able to be genuine and be plainspoken. Yes, your expertise is important. The connections you generate via networking can lead to being considered for engagements. The folks you add to your CRM (your list) become, in a way, investments. You invest your time and capabilities in them and they return the favor. Over time you will find that who you know is not as important as who trusts you. Your credibility, the trust you have generated leads to cash.
People are like Pearls.
Years ago I wrote a blog that likened the friends, associates and colleagues each of us has to pearls strung together into a magnificent necklace. If you think of your contacts that way you will want to show them off. That is what relational networking is all about. Transactional Networkers tend to look for tit for tat exchanges. They are much more about “What have you done for me lately?”
Relational networkers pay it forward. They refer the experts they know to fill a client or prospect’s needs. They constantly seek out opportunities for those they believe in. It pays off. Their credibility as a referral source leads to more assignments and better cash flow.
Know it all or at least more than others.
It is called lifelong learning in some circles. Continuous learning fuels creativity and innovation, helping the learners use their knowledge and skills in meaningful ways. The more you know about your area of expertise the easier it will be for you to diagnose situations and prescribe courses of action that will get to a positive resolution.
But don’t limit yourself to only your specialty. Explore subjects that are just to the side of it. Look into things that might have no connection at all. Because of the way our brains are wired those seemingly unrelated areas of interest generate connections that lead to creative connections. Challenging the little grey cells can make you more believable and inspire prospects to cash in on your unique abilities.
Controversial gets you seen. Results get you paid.
People respond to what is different. They actively seek out better solutions that are positioned and identified in ways that make them stand out from the crowd. Being controversial in your writings, speeches and other public appearances will get you noticed. A portion of the people that can hire you will listen in depth. Others will not. Both will have become aware of you in a way that is memorable.
Get the outcome stipulated in an engagement and you will earn the testimony of a satisfied client. Do a joint presentation with her or him at an industry gathering and you will generate another circle of admirers. Like dropping a rock in the water you will cause a small wave to press outward leaving a recognition of your knowledge. Each time your insight is touched your credibility increases. The more prospects that hear about your approach, find it ingenious yet plainspoken, the more will engage you.
And so it goes
Jerry Fletcher is a sought-after International Speaker, a beBee ambassador, founder and CEO of Z-axis Marketing, Inc. See Jerry’s speaker demo reel.
His consulting practice, founded in 1990, is known for on and off-line Trust-based Consultant Marketing advice that builds businesses, brands and lives of joy.
Learn more about Credibility to Cash. Subscribe to Jerry’s Newslog.