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#INBOUND16
STARING INTO THE FUTURE8 Essential Elements of an Annual New Business Plan
Jody Sutter, The Sutter Company
© 2016 The Sutter Company www.thesutterompany,com
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Jody SutterOwner, The Sutter Companywww.thesuttercompany.com
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#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
…I have a few questions for you
But first…
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#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
What is an annual planfor new business?
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Aligns everyone’s expectations
Why is it important?
Looking back prepares you for what’s ahead
Provides clarity and gives everyone something to aim for.
Your boss will be impressed.
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are increasing investments in content marketing
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The future looks great
75%70%43%51%
lack a consistent or integrated content strategy
with intention to grow their content marketing team
will have role directly responsible for content marketing
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
8 Essential elements you should include in an annual new
business plan.
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
What kinds of trends are you seeing?
How does your agency need to stay competitive?
Who are your competitors now?
Who do you want to compete against next year?
1.The marketplace
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Where are opportunities coming from?
How many pitches did you participate in?
Were they the right ones?
What’s the ratio of reactive to proactive?
Performance2.
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Strategic first, then financial.
How much can you rely on organic growth?
How much do you need to focus on prospecting unidentified new business?
Goals & benchmarks3.
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Current revenue: $2 millionGoal: 20% growthNew revenue: $400,000 in new businessClient attrition: 20%Actual new revenue: $800,000 annualized
By January 1: $800,000 in new bizNo wins until end Q1: $~1 million annualizedNo wins until end Q2: $1.6 million annualizeNo wins until end Q3: $3.2 million annualized
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
How many pitches do you need to be in? What’s a reasonable/aspirational-sized client?What categories are you’re best suited to pursue? What level of support will you need? What’s your budget?
Meeting the goals4.
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Current revenue: $2 millionGoal: 20% growthNew revenue: $400,000 in new businessClient attrition: 20%Actual new revenue: $800,000 annualized
Average client revenue: $200,000Conversion at credentials stage: 1:2Conversion at pitch stage: 1:324 pitches to reach the goal
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What does it cost to pitch?Usually it’s not consistent.Often it’s not commensurate with billings.But a benchmark is still useful.
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Who’s on your team?What do they do? Are strengths aligned with goals?
Your team5.
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You
CEO
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
You
CEO
NB Dir. NB Dir. Mktg./PR
Holding Company
Coord. Ass’t.
Strategy ResearchCreative Production
Coord. Ass’t.
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What kind of agency is yours?
Natural-born hunters Put a prospecting plan in place and set ‘em loose!
Natural-born promoters Give them outlets (blog, speaking, events, social) for their ideas.
Small team, multiple hats
CEO = Chief Sales Officer?
“It’s your job. Keep us out of it.”
What are the 1-2 things the team will be able to do and do well?
Tee up the ball and let him/her hit. Keep them organized and on track.
What are the 1-2 things you’ll be able to do and do well?
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Lead generation
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Pitching/closing
Marketing and PR
New Business Triumvirate
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PR and marketingWill your agency’s positioning serve you? How are you telling your story? What tactics align with that story?
6.
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J A N F E B M A R A P R M A Y J U N J U L A U G S E P O C T N O V D E C
T H O U G H T L E A D E R S H I P
C O N F E R E N C E S / S P E A K I N G
Marketing Calendar Template
C O N F E R E N C E S S P O N S O R S H I P
C O N F E R E N C E S A T T E N D A N C E /N E T W O R K I N G
E M A I L M A R K E T I N G
S O C I A L M E D I A
C O L L A T E R A L C A M P A I G N S
P U B L I C I T Y A N D P R
I N T E R N A L C O M M U N I C A T I O N S
TL piece TL piece TL piece TL piece TL piece TL piece TL piece TL piece TL pieceTL pieceTL piece
C D - P R O D U C E D E V E N T S
TL piece
Keynote Keynote Keynote Keynote
CD techCD CD CDCDCDCD tech CD techCD techCD tech CD techCD
Brand aesthetics: Instagram Facebook, Pinterest, Vine, Snapchat
Brand mechanics: Twitter , LinkedIn
Thought leadership: LinkedIn, Twitter, Instagram
CD Qtly CD Qtly CD Qtly CD Qtly
Ongoing - strategic and opportunistic
Live Event Live EventLive Event Webinar
Annual pr ize
Innovation Lab Innovation Lab Innovation Lab Innovation Lab
Showcase Showcase Showcase Showcase ShowcaseShowcase ShowcaseShowcase Showcase Showcase Showcase Showcase
Q 1 Q 2 Q 3 Q 4
Webinar Webinar
CD tech CD tech CD tech CD tech
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What was you level of operational excellence?What improvements (staff, tools, process, materials) need to be made?
Operations7.
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com 25
The stuff you need to...
Keep track of your prospects and progress
Find intelligence on your prospects
Communicate with prospects, clients, partners
Communicate with each other
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Written last, always goes first.
Smart, concise summary.
Use it to your advantage to highlight information.
Executive summary8.
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
1 Executive summary
The plan5 Meeting the goals
2 The marketplace 6 Your team
3 Performance 7 PR/marketing
4 Goals/benchmarks 8 Operations
#INBOUND16© 2016 The Sutter Company www.thesutterompany,com
Start your planning now and be ready to get out of the gate fast in 2017.
Still feel overwhelmed? Contact me for help:
Jody SutterThe Sutter CompanyJody@thesuttercompany.com
Photo credit: Michele Truex
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THANK YOU.
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