The Mindset That Wins Work With Fortune 500 Companies with Mindy Millward

Today’s guest is Mindy Millward, a veteran consultant with over 20 years of experience from Navalent. You may remember my guest Ron Carucci, from episode 21, who recommended Mindy as an outstanding and insightful consultant, and he was right. I’m delighted to have her join me today. In this episode, we are discussing the importance of maintaining a long-term strategy and vision for your marketing and networking. We talk about how to find clients that are really ready to make lasting change, how to most effectively market your services, and whether it’s worth your time to compete with larger consultancy firms, particularly for the business of Fortune 500 companies. Mindy shares insights into how to correctly size your firm, the importance of getting connected with the decision makers of the company and how to spot the red flags that prove it’s time to walk away from a project. I think you’ll learn just as much from her insights and experiences as I did in this episode of The Consulting Success Podcast with Mindy Millward. Marketing To The Ideal ClientAs you are shaping and building up your consulting business, a majority of your time has to be spent on marketing. It is a widely accepted best practice idea to stay narrowly focused on both the company size and industry of your ideal client. This focus tends to narrow in the playing field and help you more easily locate companies that will benefit from your expertise.At Navalent, however, the consultants aren’t worried about the size of client they take on or the industry they are in. From Fortune 500 companies down to small start-ups, their main focus has always been simply to connect with the leaders of the company that are willing to make actual change within their organization.The common denominator of every ideal client at Navalent is the presence of a decision maker.  Many companies tend to not have decision makers readily available. Even though they desperately need the services consultants can offer them, they don’t have the liberty to institute the changes recommended to them.This can create a host of problems for consultants like you that are trying to make change happen. So rather than focusing on a particular size or industry of business, Mindy and her colleagues at Navalent maintain their focus on the complexities of problems within any company and their subsequent willingness and ability to solve those problems.The question you may be asking yourself then is how can you effectively market to your ideal client? If the size of business or particular industry doesn’t have to matter as much as you once thought it did, marketing can become a complicated hurdle to overcome. Mindy shares several insights into effective marketing, starting with correcting your focus.From pharmaceutical companies to financial firms, government agencies to educational institutions, any company that you focus on needs to have a desire for change. Starting with the hearts of the individual and working up to the entire organization as a whole, your work will only be effective if you are connecting with people and businesses that are ready to make a change. Your Network Is Your Greatest Marketing ToolDeveloping long-term relationships with collaborators or people that are connected to the CEO — and decision maker — of a company will be very beneficial. Any time that you make the effort to expand your network is time well invested in your consultancy. Companies will begin to come to you for help as they trust the relationship that you have formed with them. They will view your expertise as a beneficial business partner relationship rather than just as a consultant for hire. and as that trust in your work increases, clients will start to recommend you by word of mouth. Soon you