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Value Creation for Our Clients

Posted By Charles Roxin CMC, Monday, February 27, 2012
The past four years have not been the best for many companies, especially smaller ones. In the start up world, statistics are clear. In spite of hype, traction has been difficult, and the die off has been severe. In addition, many companies sacrifice value in the market in the hope that a miracle will occur when an early exit would capture at least some value.

IMC members are actually better positioned than many other professionals to identify potential value in a company, and capture it. We've been looking at value creation systematically using the VRIO model. Value is a firm's ability to exploit its resources and deal with threats. Rarity means that not many other firms have it. Imitabilty refers to how easy it is to imitate. And Organization...well we know what that is. The firm has the structure and infrastructure to get the job done.

These are concrete factors that can be used to increase a client's strength and profitability, or it can be used to engineer an early exit if that seems like a useful strategic move. Please let me know if you want to know more.
Thanks
Chuck Roxin

Tags:  CMC  Pacific Northwest Chapter 

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A new member's journey toward the CMC

Posted By Theresa J. Barker, Sunday, January 29, 2012
Have you considered the CMC (Certified Management Consultant) certification?  Have you already achieved it? 

To many members, the process for achieving the CMC is a mystery.  Certification as a management consultant is a way for clients to know whether a management consultant has a certified level of proficiency.  But what does it take to become certified?

I joined IMC Pacific Northwest Chapter in November 2010, and now that I have been a member for a little over a year, I am interested in learning more about certification as a CMC.  I recently talked with one of our longtime board members, Margaret Dorchester, who is a CMC, about the process.  In the next few months, I'll be learning about certification, about the required tasks and educational objectives.

If you are a new member, or if you have been considering CMC certification, you may wish to know more about the process too!  I'll be posting updates about what I learn, so you can continue to decide if you would like to pursue certification yourself.  And we may have a chance to hear from those who have completed the certification process about their successes as well.

Here's to a productive 2012!


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January meeting -- Highlights

Posted By Theresa J. Barker, Wednesday, January 11, 2012
Updated: Wednesday, January 11, 2012
Our January breakfast meeting program featured Dan Weedin of Toro Consulting, Master Mentor, who was trained by Alan Weiss of Summit Consulting. Dan shared several insights into growing your management consulting business, including
  • have a value proposition of 10 words or less, stating how your clients can expect to benefit from working with you
  • use value-based fees and always present 3 options
  • Be Confident!
  • understand people; use knowledge of decision styles (e.g., driver, analytic, expressive and amiable) to build trust with your client
  • realize "This is the Marketing Business" -- devote 40% of your time to marketing, including speaking, self-publishing, writing, press releases, pro bono work, netowrking, websites and podcasts, social media, etc.

One of Dan's fun suggestions was to find a colleague who can hold you accountable to your goals -- and check in with that colleague regularly (once a week or once a month) to report on your progress.  That will move you forward immensely!

Don't forget -- every month the 3rd Friday is the Mercer Island Roundtable event at the Mercer Island Community Center.  A perfect opportunity to network and learn new tips for success!


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Trust-based selling - the key to consulting sales

Posted By Theresa J. Barker, Monday, November 14, 2011
Updated: Monday, November 14, 2011
Did you know?  The most powerful way to attract and make consulting sales is through building trust with the client, not by telling the client how smart you are or what the solution is to their problem. 

Four principles of trust-based selling to develop the trust relationship with your client are:
1.  Focus on the client's best interest even during the sales process
2.  Don't sacrifice a long-term relationship for short-term wins
3.  Put the collaborative aspect first over "selling the client"
4.  Be as transparent as possible

Information on trust-based selling and many other essential aspects of consulting practice are readily accessible through your IMC membership.  The above information was taken from "Create Trust, Gain a Client" in the Knowledge Library of the IMC USA website (Professional Learning -> Knowledge Library). 

Thinking of renewing your IMC membership for 2012?  Now is the time!  Among your membership benefits you can access
- Consultapalooza: bimonthly interviews with thought leaders in consulting
- Daily Tips:  short daily tips on improving your consulting practice
- Knowledge Libraries:  articles on consulting topics
- Affiliate and Alliance discounts: reduced rates on insurance and tools for your practice

Don't wait! Join the 30+ members who have renewed in our Pacific Northwest Chapter for 2012!

Theresa Barker, Ph.D.
Membership Chair
IMC Pacific Northwest Chapter

Tags:  Pacific Northwest Chapter 

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Exciting IMC Pacific Northwest Chapter program this week (Nov. 2)

Posted By Theresa J. Barker, Monday, October 31, 2011
Just a quick note to let you know about this week's IPC program, which is exciting because we have Jim Hebert, who is a terrific speaker about economic trends and relevant research findings.  Hearing Jim speak is what inspired me to join IMC last year, and we still have plenty of space for attendees at this program.  If you have time in your schedule and you're interested, please feel free to visit the link below for a full description and you can register through the IMC website.  Of course, you can also do a walk-in, but it does help our planning if we have advance notice of attendance.

Hope to see you there!


http://www.imcusa.org/events/event_details.asp?id=181335

IMC Pacific Northwest Chapter program, Wed. November 2, 2011

Join us in November to hear Jim Hebert presents his research findings and economic outlook on the Puget Sound area and his "business confidence index”.   A veteran researcher and respected economic advisor, Jim will present trends that he’s shared with our area’s leading organizations.  He’ll provide our members with research facts and speak to the role management consultants have in helping their clients manage through this economic time.  Sign up now as walk ins may be limited and consider bringing a client!

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Did you know? growing your business through information on the IMC-USA website

Posted By Theresa J. Barker, Monday, October 17, 2011
Use your IMC membership to build more business!  You can team up with other member consultants on bidding projects, attach your corporate brochures or information, or sell your book -- all through the IMC-USA website -- for free as a member! 

A wealth of opportunities to leverage your membership benefits is available here:

http://www.imcusa.org/?page=USETHESITE&hhSearchTerms=how+and+to+and+use+and+this+and+site

or click on Member Resources --> How to Use This Site (from the left side of the home page).

Just a sampling of the suggestions for leveraging your IMC membership:

Let us know if you have questions!

Theresa Barker, Ph.D.
IMC Pacific Northwest Membership Chair
theresa@BARKConsults.com

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2012 Membership Renewal - Loyalty Discount

Posted By Theresa J. Barker, Monday, October 03, 2011
Updated: Monday, October 03, 2011
Did you know?  Your membership provides access to IMC's affiliate services for your business!  Here are just a few:
  • Aon Business Liability Insurance
  • Citrix GoToMeeting web meeting service
  • GroupMind Express collaboration software
  • American Management Association training courses
  • RainToday.com tools for growing your business
  • Regus office space and virtual office solutions
In addition, IMC provides Consultapalooza, a twice-monthly telecast series with guest speakers on a wide variety of management consulting topics, and Knowledge Libraries, additional informational resources to help your business succeed.  All free with membership! 

Don't forget!  Renew Oct. 1-Oct. 31 and receive a 5% discount on your 2012 membership through a one-time member loyalty program.  New members receive a waiver of the $50 joining fee and the remaining 2011 months for free!

Tags:  Membership 

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Where in the World is past president Paul Travis?

Posted By Paul Travis CMC, Monday, December 07, 2009
After 4 years of committees, board, and Presidency, he's gone to the Roof...

Fiddler on the Roof, that is, playing on Bainbridge Island Dec 4 - 20, 2009 -- if anyone is looking for a fun weekend activity.

Mazel Tov to the 2010 board/committees/volunteers, and everyone for the holidays!

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Who is going to Confab from PNW chapter?

Posted By Margaret M. Dorchester CMC, Tuesday, October 06, 2009
It would be nice to know which PNW chapter IMC members are attending Confab so we can look for each other and support Bert Holeton's presentation.  Feel free to let me know.
Margaret Dorchester, mmd@DorchesterConsulting.com

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Video Every Consultant Will Appreciate!

Posted By Paul Travis CMC, Wednesday, June 17, 2009


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IMC USA Calendar

3/14/2013 » 4/11/2013
Academy Webinar Series: CMC Candidate Primer Program

3/26/2013
Academy Webinar: How to Create a Book Proposal

3/26/2013
Academy Webinar: Tools For Managing Projects

4/2/2013
Academy Webinar: Success Story - Yours!

4/4/2013
Academy: Stop Pitching, Start Solving

Message from the Chair
Bill ConerlyThe Value of Mgt Consulting: Proven in Forbes
Jane Blume CMCWinner 2012 Acquisition Int'l Magazine Award
Frank L. DeRosa CMCCMC in Auburn Citizen - Letter to the Editor
Kathy MaixnerTraining Insights shared with Forbes.com
Gayle Carson CMC CSP2012 Chair Leadership Awardee
James R. Surman CMC2012 Chapter Leadership Awardee
Baldwin H. Tom CMC FIMCNewly Elected FIMC
Thomas O'Shea CMCChapter Recognition Award 2012
Manola C. Robison CMC2012 Distinguished Service Awardee
Todd Ordal CMC2012 Chair Leadership Awardee