Phase 1: Define the Business and Search Opportunity

Identify the firm’s priority services

Start by listing every service the firm offers. Do not treat every service as equally important. For each service, document: Revenue generated Profit margin Typical client value Sales cycle Geographic reach Competitive strength Current visibility Future growth potential Availability of internal expertise Ability to demonstrate results Score each service from 1 to 5. The highest-scoring …

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Define the ideal client for each service

Professional services firms often make the mistake of describing services without defining the buyer. For each priority service, document: Buyer type Industry Company size Job title Geographic area Trigger event Main problem Main fear Desired outcome Buying objections Questions asked before hiring Alternatives considered Decision-making process Example For a healthcare compliance attorney: Buyer: Medical practice …

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Map the buyer journey

Professional services buyers rarely search once and immediately hire. They move through several stages. Stage 1: Problem recognition The buyer is trying to understand what is happening. Examples: Why did I receive a medical board complaint? What happens during an IRS audit? Why is my partner trying to force me out? Can an employee sue …

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