Meet the MasterMinds: Ford Harding
on Creating
Rainmakers
Ford
Harding is the founder and president of Harding & Company,
a firm that helps professional service providers win new
clients. Harding has trained professionals in twelve countries
in the art of selling and marketing services. He is the
author of Rain Making, Cross-Selling
Success, and the recently re-released,
Creating
Rainmakers.
In this interview, I ask Harding how we can make it rain.
McLaughlin: Are rainmakers—people who are
very effective marketers and sellers—born that way
or can you create them?
Harding: Obviously, I couldn’t do my work
with integrity if I didn’t believe we could create
rainmakers. We’ve worked with hundreds of people in
professional service firms and you see some people who appear
to have a natural knack and who will make it one way or
the other, and you see others who appear much less likely
to do so.
Yet I have found that even those who seem to be the least
likely candidates can become successful rainmakers and significant
contributors to a firm’s success.
McLaughlin: Can you pinpoint the essential skills
for a rainmaker?
Harding: Of course, you must have good listening,
presentation, networking, and selling skills. But skills
alone aren’t enough. I think you have to give people
four things to help them make the transition to rainmaker:
skills, standards, systems, and support.
You need standards to interpret the feedback (or lack thereof)
you get from the marketplace and how that affects what you
do. When we do client work, for example, we have standards
to let us know when the project’s in trouble and when
it’s going well.
In business development, the standards are less clear.
For example, how do you interpret it when you don’t
receive a return phone call? I just got a lead from a former
client who had been totally unresponsive to my calls for
years. It would have been easy to believe the client’s
lack of responsiveness was also a lack of interest.
But I didn’t give up. I continued to call and leave
messages, and he put in a good word at his new employer
that will probably bring us business.
Without the right standards, you misinterpret. You don’t
know when to do more, when you can lighten up a little bit,
or when to change what you’re doing because it’s
not working. To develop rainmakers, you need to help people
develop the appropriate standards so that they can pace
their own inputs to get the outcomes they want.
McLaughlin: You mentioned systems as an important
part of rain making, can you elaborate?
Harding: Ask most consultants about their systems—the
combination of the formal systems provided by the firm and
the informal systems they use on their own—and most
will describe the multiple systems they use. When you ask
them about the quality of those systems, that is, how well
their systems support business development efforts, “not
very well” is the usual response.
The point is to make sure your people are using systems
that are effective.
McLaughlin: What is the distinction you make between
systems and support?
Business
development is much more of an emotional roller coaster
than client work. |
Harding: I mean emotional support. Business
development is much more of an emotional roller coaster
than client work. If you work six hard months on a client
project, it’s likely to produce a good outcome for
the client.
You can work for six months or even two years to land a
piece of work, and at the last minute something happens
and you lose it. People need emotional support through the
highs and lows.
McLaughlin: It seems like most firms have a small
number of rainmakers. Is that fair to say?
Harding: Yes. It has to do with the structure of
firms. A good rainmaker—the founder of a firm or a
practice—can spin off far more work than he or she
can do personally. Founder-types need good executors underneath
them in the firm, and most tend to be supported by anywhere
from two to four highly competent project managers.
Those managers do not necessarily have good business development
skills. They don’t need them because they’re
living off the largesse of the rainmaker. Project managers
help rainmakers succeed by allowing them to go out and do
what they do best, which is sell more work.
But the project managers are usually the ones who do the
primary training of the next tier of people under them,
and they train those people in their own image. That perpetuates
the situation with one rainmaker at the top feeding work
to those who execute.
McLaughlin: If the rainmaker is, as in your example,
the founder of the practice, wouldn’t it be in that
person’s interest to grow another rainmaker?
Harding: That seems logical and on one level it’s
true, but people are complex. Our research shows that only
fifteen to twenty percent of rainmakers have any mentoring
skills at all in the area of rain making.
McLaughlin: Is there a way to break that bottleneck—to
transition from a single or a small number of rainmakers
to a larger group that incorporates the managers and others
in the practice?
Harding: Yes, but there are challenges.
If you do it right, business development gets easier and
easier as the years go by. But it’s very hard at first.
You have to help people to do the right things often enough
and long enough so they become successful. Success breeds
the self-motivation and determination to keep going until
it becomes self-reinforcing in the marketplace. And that’s
not easy to do.
You need to start people early, and with realistic expectations—not
that they will bring in work, but rather information. You
should help them develop relationships with people who are
not buyers today but may be buyers tomorrow. Start building
a “call and meeting” discipline appropriate
to their level in the organization, and step that up over
time.
McLaughlin: For those who are new to business development,
what should they expect?
Harding: Be patient because business development
takes time. Think of a traditional J curve—very flat
at first, but growing quickly later. How long that slow
period lasts depends on the nature of your practice, the
economy, and a variety of other things.
When you begin to develop a new area of business, you work
and you work and nothing happens. And then you work some
more and still nothing happens. And then you get one lousy
little case. You work and work some more and bam, business
starts to come in.
That’s the way it happens for most people. You have
to get through those early stages when the curve is flat
and persist long enough to start seeing success. That is
the key.
McLaughlin: Many consultants wonder whether it
makes more sense to be a generalist or a specialist. Which
approach is more useful for developing rainmakers?
Harding: Most firms have a definite path concerning
specialization. But even in a specialist firm, there are
specialties within specialties. And you can be more of a
generalist even within a specialist firm.
Consultants tend to start out as generalists within whatever
framework the firm has. But at some point in their careers,
they have to specialize in something and get known for that.
They have to capture some light when they’re in the
shadow of more senior, more experienced generalist players.
Most consultants go through a specialization process as
their careers develop. If they do things right, their clients
will eventually seek their advice on general issues facing
the business, not just on something that they specialize
in. Most consultants broaden their expertise as their careers
advance.
McLaughlin: Let’s talk about strategies for
reaching the market. For instance, what’s your view
on the use of direct mail?
Harding: Let me deal with the broader issue first.
In our research, we found rainmakers that use a specific
technique as a part of their marketing mix and find it very
critical, but we could identify others that never use that
technique. No one technique is required or essential and
there’s a lot of room for personal choice.
But you do need a process to take you from a broad understanding
of your market to get face-to-face with a client and have
a conversation about the problems the client has that you
might be able to solve. Direct mail is one step in that
process.
If you treat direct mail as a stand-alone item, though,
in today’s world you’re likely to get slim pickings.
You can’t expect to send out a mailing and then get
a flurry of opportunities that lead directly to business.
It’s not likely someone will get your mail, call you,
and say gee, I loved what you said and I’m dying to
hire you.
That’s certainly unlikely when the economy turns.
But direct mail can be a very powerful tool that allows
you to meet the people you want to meet and to remind others
that you’re out there, you’re thinking about
them, and you’re in this business. It’s one
element in a broader market effort.
McLaughlin: How does cold calling fit into the whole
process?
Harding: There’s a lot of debate
about cold calling. It’s been proven to work for professional
service firms. There are rainmakers in old firms that have
relied on cold calling techniques. But it’s not required.
There are firms and rainmakers who never made a cold call
in their lives and wouldn’t think of it.
It’s tough in today’s world to go on a cold
call and come back with a piece of business. It’s
one way of meeting people and as one rainmaker put it to
me, I meet people through cold calling but I have to build
them into my network for a while before they become clients.
McLaughlin: So, like all techniques, cold calling
is not for everybody but there are cases where it is a good
way to meet people and to begin a relationship?
Cold
calls are not the way for most consultants to start
their business development efforts unless they have
a walk-through-walls mentality. |
Harding: Yes. Cold calls are not the way
for most consultants to start their business development
efforts unless they have a walk-through-walls mentality.
McLaughlin: If you could give an aspiring rainmaker
one piece of advice, what would it be?
Harding: When you get in front of clients
and prospective clients, talk about their issues, rather
than yourself, and good things will happen. Get clients’
attention frequently and remind them who you are and build
that relationship with them.
McLaughlin: Thanks. I appreciate your time.
Find out more about Ford
Harding, his books, and services.
You might also be interested in a previous interview
with Harding in Management Consulting News
on the topic of cross-selling.
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