your clients love you? what if you’re wrong?

a short discourse on random and statistical risk.

by bruce w. marcus
author of professional services marketing 3.0

risks are different in context and magnitude. a good mathematician can often statistically quantify the boundaries of risk, such as telling you that one in every hundred people will slip in the bathtub and break a bone, but that depersonalizes it and tells you nothing to help you avoid it. and that’s only half way to understanding it.

bruce w marcus
bruce w. marcus

more for 卡塔尔世界杯常规比赛时间 pro members:   the three degrees of risk  • four essential habits for building client trust   •  the nine hallmarks of a marketing culture  •  the four cornerstones to building a marketing culture   •   getting the client is only half the battle  • practice development: it’s not rocket science  •  nine fundamentals for a healthy marketing culture in an accounting firm  •

 

when a random risk is combined with a decision not to take an action in a situation (or even a potential situation), there is fuel for disaster.

read more →

the three degrees of risk

r-i-s-k: it’s amazing that so simple a four-letter word can be so complicated.

by bruce w. marcus
professional services marketing 3.0

there are risks with dire consequences and risks with negligible consequences. there is risk in every human enterprise; in every trade or endeavor. we take risks, in varying degrees (and sometimes unwittingly) every day or our lives. there is even risk inherent in getting out of bed in the morning. but what – on any level – does risk really mean? can risk be tamed?

bruce w. marcus

more professional services marketing 3.0:the four cornerstones to building a marketing culturethe nine hallmarks of a marketing culturegetting the client is only half the battlepractice development: it’s not rocket sciencenine fundamentals for a healthy marketing culture in an accounting firmwhat accounting firms need to understand to grapple with radical changesix reasonable goals for cpa firm marketing

there are different degrees of risk, depending upon how great the opportunity to profit if you succeed, how dangerous if the risk you take portends the possibility of failure, how much is at stake if you fail. read more →

four essential habits for building client trust

it’s more than just pleasing the client.

by bruce w. marcus
professional services marketing 3.0

in the firm with a strong marketing culture, getting the client is only half the battle. the other half is keeping the client. it’s done with more than just doing good work. in fact, most clients, surveys tell us, don’t really know how good or how bad your work is. why should they? it’s not the business they’re in. they have to trust the accountant.

bruce w. marcus
bruce w. marcus

more professional services marketing 3.0:the four cornerstones to building a marketing culturethe nine hallmarks of a marketing culturegetting the client is only half the battlepractice development: it’s not rocket sciencenine fundamentals for a healthy marketing culture in an accounting firmwhat accounting firms need to understand to grapple with radical changesix reasonable goals for cpa firm marketing

independent studies also show that a large percentage of accounting firm clients are dissatisfied with the levels of service from their accountants. clients are given no foundation for understanding what’s being done for them, nor are reasonable expectations defined. what basis do clients have, then, for being satisfied? read more →

the nine hallmarks of a marketing culture

marching to the same drummer.

by bruce w. marcus
professional services marketing 3.0

firms may have their rainmakers – the partner who could go into a revolving door alone and come out arm in arm with a new client. but in today’s competitive marketplace, one or two rainmakers are not enough – if only because the competitive firms have three or more rainmakers going after the same prospective clients that you want.

bruce w. marcus
bruce w. marcus

more on marketing strategy for large and mid-size firms:  getting the client is only half the battle  |  practice development: it’s not rocket science  |  nine fundamentals for a healthy marketing culture in an accounting firm   |  what accounting firms need to understand to grapple with radical change   |   six reasonable goals for cpa firm marketing 

the firms that want to grow and thrive must be turned into marketing machines – to have a culture that understands and supports a marketing effort.

read more →

the four cornerstones to building a marketing culture

what it takes to win in a professional services marketing 3.0 world.

by bruce w. marcus

building a marketing culture is a process that requires….

  1. top management support
  2. good marketing professionals
  3. marketing education of appropriate firm professionals
  4. a sound and professional marketing structure within the firm

let’s look at each. read more →

getting the client is only half the battle

four must-do’s for outstanding client retention.

by bruce w. marcus / exclusive to 卡塔尔世界杯常规比赛时间
professional services marketing 3.0

in the cpa firm with a strong marketing culture, getting the client is only half the battle. the other half is keeping the client. it’s done with more than just doing good work. in fact, most clients, surveys tell us, don’t really know how good or how bad your work is. why should they? it’s not the business they’re in. they have to trust the professional.

independent studies also show that a large percentage of accounting clients are dissatisfied with the levels of service from their accountants. clients are given no foundation for understanding what’s being done for them, nor are reasonable expectations defined. what basis do clients have, then, for being satisfied?

bruce w. marcus
bruce w. marcus

more on marketing strategy for large and mid-size firms:  practice development: it’s not rocket science  |  nine fundamentals for a healthy marketing culture in an accounting firm   |  what accounting firms need to understand to grapple with radical change   |   six reasonable goals for cpa firm marketing     |    the tools of marketing are not a program – they are simply tools     |    is your marketing program really a program?     |    six metrics for marketing roi     |    how to formulate the right marketing goals for your firm     |     get real: 15 questions for achievable growth     |     if you don’t know where you’re going, how do you know how to get there?     |     eight tips for staying one step ahead of the competition (and maybe the client, too)     |     nine things we know for sure about how to grow an accounting firm   |     the cpa’s castle is crumbling

the reality is that this new world is competitive in ways that it’s never been before. ask your clients how many times they’ve been approached by your competitors, and pursued aggressively. and then ask yourself if you can continue to be sanguine about keeping your clients happy, on a day-by-day basis. read more →

practice development: it’s not rocket science

but that doesn’t make you a rocket scientist.

by bruce w. marcusexclusive to 卡塔尔世界杯常规比赛时间
professional services marketing 3.0

whatever the management style – command-and-control or consensus – it’s not the same thing as being able to understand and then explain why marketing activities are essential for the growth of the firm.

top management support means inculcating into the firm the concept that in all professional activities, the client is at the core. top management support means more than acceptance of marketing – it means leadership.

more on marketing strategy for large and mid-size firms: nine fundamentals for a healthy marketing culture in an accounting firm   |  what accounting firms need to understand to grapple with radical change   |   six reasonable goals for cpa firm marketing     |    the tools of marketing are not a program – they are simply tools     |    is your marketing program really a program?     |    six metrics for marketing roi     |    how to formulate the right marketing goals for your firm     |     get real: 15 questions for achievable growth     |     if you don’t know where you’re going, how do you know how to get there?     |     eight tips for staying one step ahead of the competition (and maybe the client, too)     |     nine things we know for sure about how to grow an accounting firm   |     the cpa’s castle is crumbling

someone once said that if you’re smart enough to be an accountant, you’re smart enough to do your own marketing. sure. and you’re probably smart enough to be a nuclear physicist – but that doesn’t make you one. read more →

nine fundamentals for a healthy marketing culture in an accounting firm

and four key ingredients.

by bruce w. marcus
professional services marketing 3.0

how does an accounting firm become part of professional services marketing 3.0?

part of the answer resides in building a marketing culture within a firm, which means that everyone in the firm understands that he or she has an active role in marketing and practice development and understand what that role entails.

more professional services marketing 3.0:    what accounting firms need to understand to grapple with radical change   |   six reasonable goals for cpa firm marketing     |    the tools of marketing are not a program – they are simply tools     |    is your marketing program really a program?     |    six metrics for marketing roi     |    how to formulate the right marketing goals for your firm     |     get real: 15 questions for achievable growth     |     if you don’t know where you’re going, how do you know how to get there?     |     eight tips for staying one step ahead of the competition (and maybe the client, too)     |     nine things we know for sure about how to grow an accounting firm   |     the cpa’s castle is crumbling

a firm may be said to have a marketing culture when it’s professional staff: read more →

what accounting firms need to understand to grapple with radical change

hint: and it won’t get any easier.

by bruce w. marcus
professional services marketing 3.0

in planning for both a firm and its marketing program, there are three factors that should be understood:

  1. the nature of the cpa firm, static for so many generations, is undergoing radical change. this process is influenced by a vast array of factors, many of which are new, some of which are unforeseeable.
  2. where once cpas were isolated from marketers and marketing, they are now becoming active participants in the process, and many of them are themselves becoming astute marketers.
  3. the driving force of this evolutionary process is the need to compete, imaginatively and innovatively. it’s enhanced and accelerated by technology, which itself is in a constant state of innovation and flux.

more professional services marketing 3.0:   six reasonable goals for cpa firm marketing     |    the tools of marketing are not a program – they are simply tools     |    is your marketing program really a program?     |    six metrics for marketing roi     |    how to formulate the right marketing goals for your firm     |     get real: 15 questions for achievable growth     |     if you don’t know where you’re going, how do you know how to get there?     |     eight tips for staying one step ahead of the competition (and maybe the client, too)     |     nine things we know for sure about how to grow an accounting firm   |     the cpa’s castle is crumbling

these factors, then, add up to the reality that if cpas are to compete successfully in today’s marketplace – if they are to function successfully in the changing arena of professional services – there must be a shift in emphasis from the tenets of the old marketing to the realities of the new. read more →

six reasonable goals for cpa firm marketing

but will your tactics do the job?

by bruce w. marcus

tactics are the most difficult part of a professional firm marketing program, because so much of what must be done depends upon the scarce, non-billable time of partners and professional staff.

more bruce w. marcus:  the tools of marketing are not a program – they are simply tools   |   is your marketing program really a program?   |   six metrics for marketing roi   |   how to formulate the right marketing goals for your firm   |   get real: 15 questions for achievable growth  |  if you don’t know where you’re going, how do you know how to get there?   |   eight tips for staying one step ahead of the competition (and maybe the client, too)       nine things we know for sure about how to grow an accounting firm   |   the cpa’s castle is crumbling   |   my address in space: the dynamics of change at accounting firms   |   six quick reasons why cpa firms will never be the same   |   14 steps to find the right “value price”

if the firm management hasn’t made clear that participation by every professional in the firm is an integral part of recognition and growth within the firm, you can scrap the marketing program. it can be helpful if the non-billable hour was renamed the investment hour, because if those hours are spent on marketing, investment hours are exactly what they are. read more →

the tools of marketing are not a program – they are simply tools

and they can be no better than the minds that guide them and the hands that wield them.

by bruce w. marcus
professional services marketing 3.0

a marketing program – a professional-caliber marketing program – begins with a realistic understanding of the needs and opportunities of the markets you serve. it defines your abilities to meet those needs. it develops a strategy to persuade your market that you can serve its needs. and it formulates the tactics needed to make that strategy functional.

bruce w. marcus
bruce w. marcus

more on professional services marketing 3.0:  is your marketing program really a program?   |   how to formulate the right marketing goals for your firm | 15 questions for achievable growth | if you don’t know where you’re going, how do you know how to get there? | eight tips for staying one step ahead of the competition (and maybe the client, too)

by defining the target audience first, you can devise the strategy to address that audience, with eight tried-and-true techniques: read more →

is your marketing program really a program?

the tools of marketing are not a program – they are simply tools.

by bruce w. marcus
professional services marketing 3.0

a marketing program is not simply a catalog of tools. it’s a plan — a strategy and a tactical plan. it’s the sum total of all relevant activities, supporting one another, and not just random activities designed without objective, nor relevance to the needs of the prospective client.

it begins with a realistic understanding of the needs and opportunities of the markets you serve. it defines your abilities to meet those needs. it develops a strategy to persuade your market that you can serve its needs. and it formulates the tactics needed to make that strategy functional.

more on professional services marketing 3.0 by bruce w. marcus:

bruce w. marcus
bruce w. marcus

nine things we know for sure about how to grow an accounting firm
the cpa’s castle is crumbling

my address in space: the dynamics of change at accounting firms

six quick reasons why cpa firms will never be the same

14 steps to find the right “value price”

it’s not just accounting anymore. today, everyone’s in marketing

by defining the target audience first, you can devise the strategy to address that audience, by… read more →

six metrics for marketing roi

what you should expect from an effective marketing campaign.

by bruce w. marcus
professional services marketing 3.0

tactics are the most difficult part of a professional firm marketing program, because so much of what must be done depends upon the scarce, non-billable time of partners and professional staff.

if the firm’s management hasn’t made clear that participation by every professional in the firm is an integral part of recognition and growth within the firm, you can scrap the marketing program. it can be helpful if the non-billable hour was renamed the investment hour, because if those hours are spent on marketing, investment hours are exactly what they are.

bruce w. marcus
bruce w. marcus

more on professional services marketing 3.0: how to formulate the right marketing goals for your firm  | 15 questions for achievable growth | if you don’t know where you’re going, how do you know how to get there? | eight tips for staying one step ahead of the competition (and maybe the client, too)

the marketing professional can do a great deal. he or she may be able to write an article or a brochure, but needs the input of the practitioner. the marketing professional may be able to design and run a seminar, or arrange for a speech, but the practitioner must supply the content. the marketing professional may be able to place the story in the media, but the practitioner must supply the story.

read more →