Keys to Business Growth for Professional Services

Keys to Business Growth for Professional Services

Sometimes even the best of the best have a hard time growing their business because they are so focused on the services they provide, they just don’t dedicate time to the growth of their company (or simply don’t know where to start to do that). Whether you’re in accounting, law, tech consulting, or provide and other professional service, the advice below still applies if you want to separate yourself from the competition and grow your business. While that’s important, it’s equally important to understand the types of clients you want to work with. What makes them ideal? Develop a promise Once you have your ideal client in mind, it’s important that you create a clear promise for them that can help you articulate you understand their wants and needs and that you are the right business to help them. What is the biggest pain point your customer experiences? How hard have you worked to try to solve their problems in the past? With clients now in charge of their buying journey, the most important marketing element still left in our control is the customer experience. At the end of the day, businesses that deliver the best customer experience do so because they care about helping the people they serve. There are many other important factors that lead to a successful business, but nailing the points mentioned above is a great start.

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grow professional service business

Sure, people in professional services need to be good at what they do, but their audience hopes that’s a given. Sometimes even the best of the best have a hard time growing their business because they are so focused on the services they provide, they just don’t dedicate time to the growth of their company (or simply don’t know where to start to do that).

Whether you’re in accounting, law, tech consulting, or provide and other professional service, the advice below still applies if you want to separate yourself from the competition and grow your business.

Common traits I hear from my professional service-based clients include:

  • Business to-date is primarily from referrals and word of mouth
  • They’re successful to an extent but could be more successful with the right strategy in place
  • Scaling is intimidating and it’s unclear how to do it effectively

To take control of your growth efforts, take some of my advice below.

Identify your ideal client

This notion goes above and beyond simply identifying and understanding your target audience. While that’s important, it’s equally important to understand the types of clients you want to work with. This will make both your life and your client’s life easier. Ask yourself the following:

  • Who needs the services you provide?
  • Who can you deliver the greatest value to?
  • Who do you enjoy working with?

Think about your best clients today and what makes them ideal for you so that you can apply it to attracting new clients moving forward. Take the following into consideration when developing these ideal clients:

  • What are the must-haves to be a client (this will help you narrow down your list)?
  • What attributes are you looking for in a client (not required, but preferred)?
  • What makes them ideal?
  • What behaviors signal that they are the right fit for you?

Once you can answer these questions, put the list together and keep it nearby to help qualify prospects moving forward. This will help to ensure you don’t waste time spinning your wheels on the wrong candidates.

Develop a promise

Once you have your ideal client in mind, it’s important that you create a clear promise for them that can help you articulate you understand their wants and needs and that you are the right business to help them.

What’s tough about professional services is that they’re intangible, which is what makes your promise (and that you live up to your promise) so important. The promise needs to reinforce that you can help them reach their goals.

In addition to your promise, make your distinct point of view and point of differentiation from your competitors clear. This will help to separate you from the rest of the crowd.

I have a friend that owns an…

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