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Your brand may be an intangible asset, but never doubt that effective branding can deliver bottom-line results Successful branding will enable your firm to obtain premium pricing, to receive more opportunities to serve clients and prospects, and to become recognized as a market leader
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uccessful leaders have a vision for their business Whether you are CEO of your firm or a practice leader, you will be more successful when you lead with vision
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What is a vision A vision is reality in the future A vision shows where you want to go and what things will be like when you get there Vision is derived from the Latin word videre, which means to see Your vision can be a powerful driving force to keep your team members focused on the growth you want to achieve Working on your vision requires you to consider mission: What is it you want to do Our mission is to transform the lives of professionals We truly want professionals to be different after an encounter with us For your mission to be powerful, it must make a difference Without a difference, you will be just another vendor of services Usually, the difference you make with your clients will translate into competitive advantage for your firm Prospects and clients use you because of the difference you make in their business
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Once your vision is in focus and linked to an appropriate mission, your strategy must support the achievement of your vision and mission Remember, your strategy is more flexible than your vision or your mission Your realized strategy may be quite different from your intended strategy, because you adapted along the way Once you have a clear vision, mission, and strategy, your attention must focus on getting the structure, systems, and staffing in alignment with your goals
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For example, if your vision calls for rapid and consistent growth, you must have structure, systems, and staffing that will support
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the growth To achieve rapid growth, a firm must be able to make decisions quickly We often encounter firms who have high growth strategies but because their structure is a partnership, the high growth cannot be achieved A partnership structure, by its nature, is more deliberative and less concerned about making decisions quickly The same can be true with systems For example, hourly billing and collection systems deter partner attention from serving the client To achieve your vision, you must adopt systems that won t fight the achievement of your goals
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A team that is emotionally moved by their vision has the strength to overcome the obstacles of business life A clear vision for your firm creates a good picture of your future Sharing this picture with your associates can be a major motivator to them
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by Kevin Poppen*
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as business life for your clients become more complex How about competitive Regulated Are tax and legal issues more difficult If your answer to any of these questions is in the affirmative, you believe as I do: The demand for high-level professional services is growing, not declining This phenomenon puts great pressure on the service professional who sees all the opportunities in the complexity, but does not have the capital to build the solution from the ground up
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A solution to this perplexing issue is to become involved in a strategic alliance with other similar professional service firms One such alliance is the Enterprise Network Enterprise Network is one of the largest alliances of professional service firms in the United States Enterprise Network partners share resources and work together to strengthen the business skills of each partner What should you look for in strategic partners The key ingredient I ve found in successful alliances is that the cultures of each member must be synergistic Each member must have a similar business philosophy and a need for each other s expertise and assistance In addition, the most successful firms in an al-