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Breaking BizDev

By: John Tyreman & Mark Wainwright
  • Summary

  • Most professional services firms are built on a foundation of technical expertise and relationships. But what happens when referrals stop coming in? You need to do 'business development' — a nebulous term that often conflates sales, marketing, operations, HR, and the kitchen sink.

    On the Breaking BizDev podcast, John Tyreman and Mark Wainwright break down, beat up, and redefine 'business development' for the modern professional services firm. This co-hosted commentary-style show shares stories, perspectives, and actionable tips that you can put into practice today.

    Level up your BD game. Subscribe today.

    © 2024 Breaking BizDev
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Episodes
  • Why the "Underdog Effect" is Killing Your Business
    Jul 22 2024

    Why do we always cheer for the underdog? Think about your favorite underdog story. Chances are, you want to see David beat out Goliath.

    Well, the same thing that gets you to root for Rudy or the Bad News Bears is the same thing that's killing your firm...

    In this episode, John and Mark break down "the underdog effect" and how it can cause you to chase after projects you have only a slim chance to win, wasting valuable time that could be better spent elsewhere.

    This episode originated as an article by Mark. Check it out on his website:
    https://www.wainwrightinsight.com/the-underdog-effect-is-killing-your-business/

    www.breakingbizdev.com

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    28 mins
  • Enable Great Marketing With Revenue Clarity
    Jul 8 2024

    Your revenue projections are your firm's crystal ball.

    If your backlog, pipeline, and projections are organized, it can position your firm in a way to do healthy, proactive marketing to win highly profitable work.

    In this episode, John and Mark break it all down:

    • How marketing can make both a short- and long-term pipeline impact
    • How marketing's goal should be different for active, passive, and future buyers
    • How niche specialization can lead to higher margins
    • How revenue projections can impact recruiting and resource allocation
    • The concept of splitting the funnel into vertical segments
    • Why you should over-invest in marketing for new or emerging verticals

    www.breakingbizdev.com

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    28 mins
  • Revenue Pacing at Mid-Year: How Do Your Projections Stack Up?
    Jun 24 2024

    Midway through your fiscal year, any business is faced with one of three revenue pacing scenarios:

    1. You’re exceeding expectations
    2. You’re exactly where you thought you’d be
    3. You’re not meeting original revenue targets

    On this episode, Mark breaks down different ways to set revenue goals (revenue per employee, calculating potential revenue, and using a net multiplier) and how to factor in weight based on deal stage and opportunity age into the equation.

    Then, we lay out an example that illustrates when it may be more beneficial to focus on developing your existing pipeline than creating new opportunities.


    www.breakingbizdev.com

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    32 mins

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