Consulting Success Podcast

Is "Growth Mindset" Holding You Back with Stephen Fleming

Jan 6, 2025
In this engaging discussion, Dr. Stephen Fleming, a neuroscience expert and founder of Traverse Science, shares his fascinating transition from testing infant formula to advising top nutrition brands. He reveals effective customer discovery strategies and how he built a loyal client base with limited resources while maintaining work-life balance. Dr. Fleming offers insights on value-based pricing and practical nutrition tips that debunk fad diet myths, emphasizing the importance of fiber and tea for sustained energy and focus.
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ANECDOTE

From Pigs to Fortune 500

  • Stephen Fleming's journey began with a lawn-mowing business and a PhD in nutrition science, involving testing infant formula on pigs.
  • This led to co-founding Traverse Science, a consultancy advising commodity groups and large food companies on nutrition science.
INSIGHT

Why Big Companies Need Consultants

  • Large companies need external nutrition consultants like Stephen Fleming for third-party verification and unbiased opinions.
  • This helps avoid costly research mistakes and saves internal teams time, as they often have limited resources and expertise in specific areas.
ADVICE

Tiered Pricing and Discovery Offers

  • Start client engagements with a small "discovery offer" to assess research needs and scope.
  • Offer tiered pricing options based on project depth and client needs, allowing flexibility and increased deal size.
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