How to Sell Advisory Services at Your Firm w/ Adam Lean
Apr 18, 2024
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Guest Adam Lean, CEO of The CFO Project, shares insights on selling advisory services in the accounting industry. Topics include engaging clients through meaningful conversations, the importance of CFO advisory services for firm growth, and navigating cash flow challenges. Strategies for showcasing value, understanding client emotions, and overcoming psychological sales barriers are also discussed.
Engage clients by asking open-ended questions about their business for deeper connections.
Offer CFO advisory services tailored for small and medium-sized enterprises for strategic guidance.
Deep dives
Uncovering Opportunities Through Conversations
To engage clients effectively, it is crucial to ask questions that elicit meaningful responses. By inquiring about their business history, aspirations, and long-term goals, professionals can initiate a dialogue that uncovers crucial insights. Engaging clients in discussions about their business vision creates a conducive environment for building trust and understanding.
Defining CFO Advisory Services for Small Businesses
CFO advisory services tailored for small and medium-sized enterprises focus on providing crucial guidance and support to owners who are experts in their specific industry but may lack financial expertise. The emphasis is not on traditional CFO roles in large corporations but on offering strategic advice to business owners based on financial assessments and goals.
Simplified Pricing for Value-Oriented Services
To streamline the sales process and enhance client understanding, offering a single, well-defined package simplifies pricing for advisory services. By focusing on emotional appeal and clarity, professionals can position their services effectively, ensuring clients comprehend the value without feeling overwhelmed by complex pricing structures.
Building Emotional Connections to Drive Sales
Establishing emotional connections with clients is instrumental in driving successful sales outcomes. By guiding conversations towards uncovering clients' pain points, aspirations, and business challenges in a relatable manner, financial professionals can build trust and credibility. This emotional approach enhances the likelihood of clients engaging and investing in advisory services.
In this insightful episode of the "Growing Your Firm" podcast, brought to you by Jetpack Workflow, host David Cristello is joined by special guest Adam Lean, CEO and co-founder of The CFO Project.
Adam shares his expertise on how accountants can go beyond traditional number-crunching by engaging with clients through meaningful conversations that resemble therapeutic sessions. By asking open-ended questions about clients' businesses and aspirations, accountants can foster a deeper connection and provide greater value.
Adam also delves into the importance of CFO advisory services as a scalable way for accountants, CPAs, bookkeepers, and enrolled agents to grow their firms and increase their earnings. The episode discusses the rise of advisory services in the accounting industry, from integration in mid-market firms to adoption by smaller practices as a lucrative service offering.
Listeners will learn about the importance of asking clients questions to get them talking, the benefits of adding CFO advisory services to accounting firms, and the current state of advisory services in the industry.
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Listen to the best highlights from the podcasts you love and dive into the full episode