Agency Health Podcast

Why New Business – Mastering New Business Series ep1

Arlen Byrd Season 1 Episode 7

Welcome to the Agency Health Podcast, where we dig deeper into key agency topics – the what, why, and how – mining actionable insights to help build a better firm.

And what is a healthy agency? A healthy agency is one that creates great value for its clients, people, and owners in a sustainable way.

In this episode Arlen and Piotr kick off a new series on agency new business and talk about why it’s hard, what success actually looks like, and how to replace heroics with a system you can operate consistently.


Key Insights:

  • Nailing new business is a core part of agency health. It drives better client fit, pricing power, delivery quality, and more.
  • Know your destination. A systematic, sustainable, approach to creating new client relationships. Not too dependent on any one person. Not too dependent on a single tactic or channel.
  • Intermittent focus creates feast-or-famine. Even short pauses in new business efforts can create pipeline gaps later.
  • Reduce key-person risk. Move from hero-dependent marketing and selling to a system that is easier for anyone to run.
  • Pattern-match to improve outcomes. Better new business → increased repetition of work → better strategy, planning, margins, and value per hour.
  • Diversify intelligently. Don’t rely on one person or one channel; do a few things exceptionally well.
  • Improve your inputs. Appropriate focus, quality, consistency, and quantity of effort are all critical to building a strong new business muscle.
  • The market’s shifting fast (global + AI). It’s a challenging time, but it’s also an opportunity for focused, specialized agencies to thrive.


Coming up in this series Arlen will be talking to agency marketing leaders on the front lines, seasoned new business advisors, and growth marketing experts to surface valuable perspective and actionable insight on new business.

Are you facing a challenge with new business in your agency or would you like a sounding board for an aspect of your new business strategy? Book 15 minutes with me to talk about it. I’d be happy to be a thinking partner.

If you have questions or comments about this episode, a topic you’d like covered, or an agency owner or relevant expert we should invite as a guest, we’d like to hear from you! Email podcast@agency.partners

Subscribe to our newsletter to stay in touch or follow Arlen on LinkedIn.

Thank you for listening!

[00:00:00] Arlen: Welcome to the Agency [00:00:05] Health Podcast, where we dig deeper into key agency topics, the what, [00:00:10] why, and how. Mining actionable insights to help build a better firm. [00:00:15] And what is a healthy agency? A healthy agency is one that creates great value [00:00:20] for its clients, people, and owners in a sustainable way. [00:00:25] This episode is the beginning of a new series.

I've been looking forward to this for months [00:00:30] now, and I'm happy to be joined today. By my business partner and agency partners, Piotr [00:00:35] Delawski, what are we talking about today?

[00:00:37] Piotr: Uh, new business, right? Yeah. New business, yeah. [00:00:40] What is new business?

[00:00:41] Arlen: I mean, really it's simply creating new clients. That's [00:00:45] what new business is all about.

It's about those new relationships, new logos, new [00:00:50] accounts. In terms of relevance, things that relate to this topic maybe aren't [00:00:55] included, but we have, of course, marketing, agency marketing, inbound outbound [00:01:00] sales, of course, ties into this business development. Rev [00:01:05] gen, demand, gen lead, gen, GTM, like really there's a whole bucket of terms [00:01:10] that people use to relate to part or all of this topic of new business

[00:01:14] Piotr: is [00:01:15] new business.

Only new clients? Or is it also getting new projects from the [00:01:20] same

[00:01:20] Arlen: client? Great question. When I think about new business and when we talk about the series here, we're [00:01:25] really focused on new clients. So if we're referring to new [00:01:30] business from existing accounts, unless maybe it's like a whole new division, a whole new part of a major [00:01:35] enterprise.

Then I would think about that more as account management and account growth and [00:01:40] really a different parallel topic to new business.

[00:01:43] Piotr: Why are we even talking about new [00:01:45] business

[00:01:45] Arlen: or is there that people should know? Typically, this isn't a topic that we've [00:01:50] delved into too far at agency partners, but we've both been in the [00:01:55] agency space for well over a decade, and I would summarize the things agencies struggle with as three [00:02:00] main things.

There, of course could be like a giant list, but the three things I would [00:02:05] say. Are the most common are leadership, profitability, and new [00:02:10] business. Not necessarily in that order, but those three problems seem to crop up a lot, and I know [00:02:15] you and I are both passionate about helping agencies get healthier. So if they're [00:02:20] wanting to create great value for owners, for their team, for clients.

Sustainably [00:02:25] that requires nailing new business, you know, among other things. But it's a critical [00:02:30] part of that, and I would say it might be what agencies struggle with [00:02:35] most.

[00:02:35] Piotr: Yeah. We want to get agencies healthier, and I think that creating [00:02:40] value for the owners, for the teams, for the clients, make them sustainable [00:02:45] is creating new business.

It is the way to go.

[00:02:47] Arlen: Yeah, and, and we were talking about this [00:02:50] recently that like is new business something that you can [00:02:55] focus on when it's really important and maybe not at other times? I think ultimately that's a lot of why agencies [00:03:00] struggle with new business is because of that intermittent focus.

Even if you're [00:03:05] struggling with some other big problems, if you neglect new [00:03:10] business, it's going to come back and bite you. That pain is gonna be delayed [00:03:15] often. You may not feel it for three months, six months, 12 months, but if we [00:03:20] neglect to focus on new business, it will come back and bite us.

[00:03:24] Piotr: Yeah, [00:03:25] I'm slightly concerned that if we only speak about new business, then we forget about [00:03:30] old business.

Say providing new clients, new business [00:03:35] to an agency that is already struggling with operations, with delivery, is it going to [00:03:40] do any good to them? Is it a good idea? Shouldn't we first try to put things in [00:03:45] place, uh, you know, theme. The blood and then try [00:03:50] to really help out and provide the business. What's your take on this?

[00:03:54] Arlen: You've, [00:03:55] uh, hit on something here that when an agency maybe isn't delivering [00:04:00] well for their clients to begin with, um, I liked what you mentioned in [00:04:05] a previous conversation, do they even deserve new clients? Nice. If they're not providing the value [00:04:10] that they promise to the market. The interesting thing I would say is that new [00:04:15] business becomes this lever.

That can help you to fix everything [00:04:20] else. I'm not saying it's the end all be all, and certainly there are times to pause new [00:04:25] business and to put all your strategic focus into fixing other problems. But [00:04:30] I'd say that doesn't happen very often that we can really neglect new business. So what I was getting [00:04:35] at there is if we get to a place where we are [00:04:40] effective at attracting the right kinds of clients regularly in a way that we have some control over.[00:04:45]

Then we have a better chance of actually serving clients well, [00:04:50] for a few reasons. One, we can be pickier about the clients we choose, which [00:04:55] means we can be more profitable. We have more control over our pricing, and that [00:05:00] profitability allows us to take better care of our clients. Actually charging more is often a [00:05:05] big part of providing a better service, and it also means if we have more control over the [00:05:10] clients we're taking in, then we can be pickier.

[00:05:15] Do work that is more similar, so we're able to pattern match. We're able to work on similar [00:05:20] problems over and over, so we get better at solving those problems. We get better at serving those clients. [00:05:25] Whereas if new business isn't great, we have to take what comes along. It might be too much [00:05:30] variety. We're not serving those clients that well.

We're not delivering the value.

[00:05:33] Piotr: Yeah, I was playing a bit of [00:05:35] a devil's advocate there. Mm-hmm. Yeah. Yeah. Because I can de definitely see, and I saw that in my [00:05:40] past experiences that usually the worst projects were from the worst clients when there was [00:05:45] no fit between the client needs or even the client culture [00:05:50] and what we as an agency, were able.

To provide or the way of our [00:05:55] working, and I'm totally sure that there would be other agencies [00:06:00] that would serve the same client in a way that they deserve or they [00:06:05] expect, but there's not always that perfect match. Yes, it's a bit like [00:06:10] with marriage or with partnership. You need to find the right match the way we could help.[00:06:15]

Out many agencies is to find this right match between the [00:06:20] client and the project and an agency. Yeah,

[00:06:22] Arlen: absolutely. New business. It [00:06:25] becomes the start of many other good things when done well, and it also is in some ways [00:06:30] the root of many other problems. If new business is not going well, if we don't have. [00:06:35] A system set up there that is working for us, then a lot of other [00:06:40] problems can arise in other areas of the business.

Tell me about some of your [00:06:45] experiences in new business, working in senior engineering roles. Are there any [00:06:50] anecdotes or any experiences that stand out to you as characteristic of new business in [00:06:55] digital agencies?

[00:06:55] Piotr: Off top of my head. I think that always working on [00:07:00] projects with different needs, with things that we have not really worked before on [00:07:05] was always the struggle.

First of all, we were tasked with estimating [00:07:10] things we, we don't really know how to estimate because they were [00:07:15] just one, one-off or first time seen kind of jobs. At this stage, we [00:07:20] already struggled to provide the right numbers and then we were. [00:07:25] Task to work against those numbers, and then you could go either over [00:07:30] or under the number.

And in both cases you would feel that something is off that [00:07:35] is not right. And the further you went. Of the estimated number, the [00:07:40] more pressure and tension you would feel, especially at the leadership positions. That's [00:07:45] the thing, like getting the same kind of work, the same kind of tasks over and [00:07:50] over again, may seem a bit, I dunno, boring or tedious, but [00:07:55] on the other hand, this builds musty, this builds.

Confidence in [00:08:00] your work and your estimates and allows you to build on top of that. [00:08:05] You could use the margins from the work as you know, in order to explore [00:08:10] new areas, new kind of task, new kind of work, new kind of offerings, [00:08:15] and do it without the stress of this is whole new and now we have to build everything [00:08:20] from scratch.

And we haven't done it so far in such a way, or to that extent. This [00:08:25] all ties back to this agency client or agency project match.

[00:08:29] Arlen: Yeah, [00:08:30] I resonate with what you're saying though, and digging into that a little bit. When you're struggling with [00:08:35] estimation because, hey, this is something we've never done before.

We've done a lot of things right, but we've never [00:08:40] done, we've never solved this exact problem. In this context, it can be [00:08:45] difficult to estimate and it might feel like, wow, we need a better system for estimation, right? Like we're [00:08:50] bad at estimation and sure, maybe the system for estimation in any agency [00:08:55] can improve, but maybe the actual problem is.

We're not attracting enough of [00:09:00] the right kinds of problems to solve, like enough of the right kinds of clients. And if we solve [00:09:05] that, then actually our estimation system works fine. We have the right people, we have the right skills. [00:09:10] We just need to have more of similar kinds of projects. And then.

[00:09:15] Everything else works better. So I think that's a great example of how getting the top of the funnel to work [00:09:20] well and being better at demand gen can really help solve the [00:09:25] problems further, even in the new business process. And we haven't even talked about getting into delivery. [00:09:30] And thanks further than that, in my experience with new business, when it's good in [00:09:35] an agency, when things are going well, that's usually because of the efforts [00:09:40] of a few people.

There's often not a system, there's not a plan [00:09:45] that you could hire somebody else to run that, and it would work as well. Like it's dependent on the personality. [00:09:50] The connections, the hidden knowledge, if you will, of those people. [00:09:55] And so if they're sick, if they move on, if something changes, [00:10:00] then you're starting at square one.

So even when agency new business works well, that [00:10:05] dependency on a few people is a big risk. We often would talk about the bus factor [00:10:10] and what if something happens to Joe over here? Well, the whole thing's gonna [00:10:15] fall down. And so until the agency is large enough, those few people often [00:10:20] have inconsistent focus on new business because of competing priorities.

So maybe they're good at it, [00:10:25] but once we get a lot of work, then those same people in leadership [00:10:30] have to make sure that we execute the work well and that the clients are happy now. Their eyes off the [00:10:35] ball of new business. And so as those projects start to wind down, we don't have a pipeline [00:10:40] of great opportunities.

That's a lot of my experience with new business is people [00:10:45] dependence leading to the feast and famine cycle that so many agencies are [00:10:50] familiar with.

[00:10:50] Piotr: That's even more visible when there's a single technical person [00:10:55] at the very top level. That is either concerned [00:11:00] with getting new business or with executing what's already in the pipeline It, it may [00:11:05] be a technical founder.

It may be the CTO or like a very senior engineer on the [00:11:10] team that is expected to work on estimations, but also lead projects [00:11:15] and usually lead those projects that are already in bad shape and that. [00:11:20] Is not helping and driving new business. New business. It's not the first class citizen at this [00:11:25] stage in the company because there are fires to be put down at the same time, over [00:11:30] dependence on single person or you know, a very short list of people that are [00:11:35] capable of doing some things like those estimations or finding the.[00:11:40]

Project or client project, they have other important hats that

[00:11:44] Arlen: they're wearing too. [00:11:45] Yeah. Yes. And I think that gets into why agency new business is hard. What are some [00:11:50] of your observations about what makes new business in the agency environment [00:11:55] challenging? What are some of the things that you've, you've seen

[00:11:57] Piotr: there may be no technical person, [00:12:00] the, the right place to find or to select the right new business or you know, to do [00:12:05] the estimations.

There may be a marketer or a salesperson that [00:12:10] is trying to find any new business, any new potential project because. The [00:12:15] agency just needs new work, you know, to survive, and that's [00:12:20] where you get this attachment between what we can do and what is expected of [00:12:25] us from the client, from the project. I, I guess that's one of the hard pieces there, that there might be [00:12:30] not even the person that is able to, or there's no time for that person to do those [00:12:35] things.

[00:12:35] Arlen: Yeah, I resonate with that. Many agencies may not even have the right person. [00:12:40] And that's probably two skill sets you described, right? You need the skillset of [00:12:45] marketing and sales and engaging with the market, and you also need the skillset of. The [00:12:50] services that you provide and being able to understand the strategy, whether that's design, [00:12:55] technology, whatever it is, and how, how you determine the fit with the right [00:13:00] clients, how you are gonna deliver the right strategy and results for them.

And you may not even [00:13:05] have those people. Yeah. Yeah.

[00:13:06] Piotr: Or those people may have just moved or you just introduce a new person that's [00:13:10] never been to see how things are actually. Working and if we are able to deliver that [00:13:15] kind of work.

[00:13:15] Arlen: Yeah. So people with the right skills is part of that equation, and I [00:13:20] think that points to, even when you have the founders doing this work, it's rarely a preexisting strength [00:13:25] for agency founders.

People usually start agencies because they love the work itself [00:13:30] and whatever they're providing. So sales and marketing is not [00:13:35] something new. Business is not something most founders are drawn to, and I think [00:13:40] regardless of who's doing it within the business, it requires really high quality [00:13:45] thinking. From some of the most in demand people in the firm.

So [00:13:50] that is already scarce. And then when you combine this scarce resource from [00:13:55] people who probably don't love this work to begin with, with [00:14:00] ongoing competing demands, it becomes even harder to give consistent [00:14:05] effort to new business and new business also takes a lot of [00:14:10] experimentation and risk taking and trial and error.

It requires ongoing reinvention, [00:14:15] right? Because what worked two years ago may not be working now, just like an [00:14:20] agency has to keep reinventing its services and the kind of problems it solves and how it solves [00:14:25] them, and there really isn't a one size fits all playbook, right? Like there isn't. This is the [00:14:30] way you do agency new business, and if you just follow this checklist, it's gonna work for you.

It's [00:14:35] something you have to figure out. Yes, you can learn from other people, their patterns that tend to [00:14:40] work, but the exact playbook that will work in your agency is largely a [00:14:45] product of the people in it and their strengths and how they can approach new business. So [00:14:50] it's tough.

[00:14:51] Piotr: Yeah, yeah, definitely. So.

We know it's hard, but [00:14:55] what can we do about it? Is there a way that we could help them?

[00:14:58] Arlen: I think there definitely [00:15:00] is. If you look at the fact that there are agencies that not only don't have the [00:15:05] feast or famine, but they're able to grow steadily, not. Through one [00:15:10] season of a market bubble, but over the longer term, they're able to keep growing.

They're able [00:15:15] to have a good deal of control over their destiny. Then I think we [00:15:20] can conclude from that, that there are ways to break out of that feast or famine. [00:15:25] There are ways to improve on it and. Like any journey, it [00:15:30] starts really with understanding the destination. What do we want? What is new business [00:15:35] success?

What does it look like? I would say what we want is a somewhat [00:15:40] predictable, at least somewhat, right, more the better, predictable approach to creating new [00:15:45] client relationships that we have a fair degree of control over. It's not that [00:15:50] complicated what we want. It might be hard, but it's a pretty simple idea, so predictable [00:15:55] approach.

To creating new client relationships that we have a fair degree of control [00:16:00] over. And so over time through that experimentation and building our [00:16:05] playbook, we should be able to ultimately see when I put in this effort [00:16:10] and do these things. Then this is the outcome I can expect. If we [00:16:15] spend this amount of money, have this team in place doing these things, then this is [00:16:20] the volume of qualified new business that we can generate.

Will it be [00:16:25] exactly predictable? No, but. We want to be able to equate inputs and [00:16:30] outputs, and I think risk is another big part of the [00:16:35] destination we want to arrive at with new business. We don't want to be overly dependent on external [00:16:40] parties action or inaction. Meaning things like referrals or things like [00:16:45] market dynamics.

We don't wanna be overly specific

[00:16:47] Piotr: people. Yeah, yeah. Or specific people, right. [00:16:50] That uh, yes. The seal ties back to the previous topic. We don't want to. Rely on one [00:16:55] person or even a small group of people when it comes to new business.

[00:16:58] Arlen: Yeah, we might need [00:17:00] those people and their knowledge, but what if one of them leaves?

What if one of them is sick? We need a system like [00:17:05] you're saying, that transcends those exact people. And I think the last big risk that I see [00:17:10] is maybe depending too much on a single channel or tactic, so we want a solution that is more [00:17:15] robust. We want our approach to new business to be more resilient, not [00:17:20] a big single point of failure on the people side or on the channel or tactic side.

So that's what we want. [00:17:25] And once we have that destination in mind, then we can [00:17:30] start to say, okay, how do we build to that? How do we create a new business system that [00:17:35] gives us that kind of outcome?

[00:17:36] Piotr: So where do agencies get it wrong? Where those. [00:17:40] Problems coming from?

[00:17:42] Arlen: What are some of the things that stand out to you?

You know, the ways [00:17:45] agencies get it wrong. Uh,

[00:17:46] Piotr: I think that, again, speaking to the seasonal [00:17:50] nature of agency work, there are times when you have to work and work, uh, too many projects [00:17:55] and not enough resources to serve them all. And that's when new [00:18:00] business and all the are going on the bug burner. And [00:18:05] then you have the time of famine where you are trying to.

Even too much to get new business [00:18:10] because there's nothing else you can do. So there's like this inconsistency in your [00:18:15] efforts. You may be putting too much time in one season and then too little time and too [00:18:20] little effort in another season. There's this inconsistency, but also sometimes it's [00:18:25] just insufficient of this effort.

A founder or a marketer, a sales team, they're not [00:18:30] putting enough to really find a new business. They don't try to discover new ways [00:18:35] of fighting new clients, and that's something that nowadays is really that in the era [00:18:40] of ai, you really need to be ahead to some degree. So that's like [00:18:45] the. Inconsistencies and also this insufficiency of [00:18:50] effort.

This is something that definitely plays a role in why agencies are getting [00:18:55] it from.

[00:18:55] Arlen: Yeah, I think we've seen a lot of shops close over the last year. A [00:19:00] lot of agencies close their doors, and I think most people seem to expect that there will [00:19:05] be a lot more of that in the next one to two years. And that speaks to, like [00:19:10] you described, the market changing rapidly right now.

And so when the market's changing, you [00:19:15] have to put even more effort in. It's a challenge and can be a problem for agencies, [00:19:20] but it also means opportunity. So some agencies are gonna win in that reality. So you talked [00:19:25] about inconsistent efforts, insufficient efforts. Another one would be diffusion of effort, right?

Like [00:19:30] trying to do too many things and none of them very well. I see a lot of this where [00:19:35] some people refer to this as like a peanut butter approach, where you're just spreading your go-to-market efforts, [00:19:40] your marketing around, hoping that something will work. There's this phrase, you know, throw [00:19:45] stuff at the wall and see what sticks.

And although we have to experiment and try new [00:19:50] things, I hate that idea of a haphazard approach here. I think we can be strategic when [00:19:55] we aren't. We have problems. None of those channels work out well when we're spread across too many, [00:20:00] and that goes into, I guess, the poor quality of efforts. So we need enough [00:20:05] attention on what we are trying to do to do it well enough.

To stand out [00:20:10] to find the breakthroughs. So for example, a lot of agencies have tried some form of [00:20:15] outbound and it just hasn't worked for them. So they say outbound doesn't work for [00:20:20] agencies, but in practice, what really is often happening, I would [00:20:25] suggest is that the quality of outbound. Wasn't sufficient to have [00:20:30] success.

So just because we tried it doesn't mean it doesn't work. Maybe we did a bad job, maybe we [00:20:35] had a poor quality of effort. I

[00:20:36] Piotr: would probably compare that to build a muscle. [00:20:40] Uh, finding your business is building muscle. You have to be consistent. [00:20:45] It's not enough to go to the gym once a month or you know, once every few [00:20:50] weeks.

You have to be really consistent and you have to. Put some effort into that. [00:20:55] You have to do all the reps and you have to, to do them right, so poor quality of [00:21:00] your workouts will lead you nowhere. You'll not build this muscle. And then [00:21:05] if you try to do too many different types of workouts, you get [00:21:10] diffused, like the effort is not really focused.

You may be really [00:21:15] working hard, but. Still you. You won't build up muscle that you are really [00:21:20] interested in you. You should just be very mindful and focus on what you are trying to [00:21:25] really do, what you're trying to work out, and then use the right method for that. Use the right, mm-hmm. [00:21:30] Rhythm. And be consistent.

You just have to be really consistent in anything [00:21:35] you do because consistency beats everything else in this case.

[00:21:39] Arlen: Yeah, I [00:21:40] resonate so much with that and I, I think that's a great metaphor for [00:21:45] effective new business. You need a bunch of ingredients together and that can feel a [00:21:50] bit overwhelming, right? It can feel like so many things I have to get right.

I can't get all these things right, [00:21:55] but there are many ways to succeed. You do need some core ingredients, but then. Like [00:22:00] making a good pastry. There are many good pastries you can make. There's not just one, right? [00:22:05] So in agency, new business, there are many ways to succeed. There's not just one way, [00:22:10] but probably any good pastry is gonna have a sweetener.

Any good [00:22:15] pastry is gonna have a rising agent. You know, any good pastry is gonna have some. In the same [00:22:20] way, in new business, we're gonna have, if we succeed, we're gonna have consistency of effort. We're gonna have [00:22:25] enough effort. We're not gonna diffuse that. We're gonna focus on a few things. And do them really [00:22:30] well.

And those things all have to be true, and I'm excited about exploring those [00:22:35] in the episodes we have coming up. We're in a really interesting time in agency new [00:22:40] business. We have global reach. Most agencies have potential at least [00:22:45] to sell to a global market, even if they are focused more regionally.

There's also global [00:22:50] competition. Maybe in the past we were competing only with regional agencies, and [00:22:55] now we find there's agencies in lower cost markets that are eating our lunch. [00:23:00] And we have to differentiate. We have to prove that we are [00:23:05] adding. Value that justifies the expense. That can mean [00:23:10] not just changing how we market, but changing what we market.

What are the [00:23:15] services and the outcomes that we're selling? What are the problems that we're solving? Maybe that [00:23:20] has to evolve as well, but I know I'm personally really energized [00:23:25] working in a growth seat. It's a lot of fun, and change means challenge, but also. [00:23:30] A lot of opportunity.

[00:23:31] Piotr: Yes, uh, I fully agree. And uh, I believe that this [00:23:35] may be the time for many agencies to start looking into being [00:23:40] more specific, more focused into censoring around the markets [00:23:45] against that part vertical.

So find the niche and chase that long tail [00:23:50] of clients of projects. So there are definitely many ways that can [00:23:55] help agencies. Become healthier by finding new business.

[00:23:59] Arlen: And you bring up [00:24:00] something that might be valuable to touch on here. How does new business fit in with [00:24:05] our interests on the Agency Health Podcast?

Like? We've talked a little bit about the fit into agency [00:24:10] health, but as a firm, we focus on this topic of agency health and certain [00:24:15] parts of it. Helping agencies get healthier, it requires. Deliberate [00:24:20] execution. When we're thinking about profitability in an agency, we're thinking about exposing [00:24:25] reality and acting on it, right?

Finding the places where we're leaking [00:24:30] profit and finding the levers that can improve those things. And then [00:24:35] executing them and continuing to expose reality and act on it. You know, is that lever actually [00:24:40] moving? Are we getting the results? So internally, a core part of value [00:24:45] creation is profitable operations, right?

That's how the agency delivers a lot of its [00:24:50] value to its owners and its people. But externally, value creation starts [00:24:55] with go to market. We have to have a value proposition that is [00:25:00] gonna resonate with the market. We have to have a problem. Or a pain that the market we're pursuing [00:25:05] cares about that we have a way to help.

We can help solve it or help solve part of [00:25:10] it. Help them make progress towards solving that problem or addressing that pain. And then not [00:25:15] only do we need that, but we have to bring that to the market effectively. So doing all of that [00:25:20] well, it requires a lot of exposing reality and acting on it, which is that core [00:25:25] discipline of improving agency health.

These two things fit together, effective new business. [00:25:30] Leads to more of the right work and more of the right work leads to greater [00:25:35] value creation and profitability. And then you can reinvest that [00:25:40] profit back into new business. So it creates this upward cycle. I, I really [00:25:45] see. The focus of profitability and the focus on new business, they fit together [00:25:50] like a hand and glove.

They really go together well. It's great to see how these [00:25:55] twin levers can help agencies get stronger and help [00:26:00] improve the quality of life for the people in them and for the clients that they serve. Yeah. So [00:26:05] what's ahead? Yeah. What's in the new business series? So we're gonna have conversations [00:26:10] with marketing leaders working on the front lines in agencies, so people wearing [00:26:15] that marketing hat and trying things, finding things that work well, exposing reality and [00:26:20] acting on it themselves.

We're gonna talk to experienced consultants and experts who [00:26:25] help agencies nail new business. We're also gonna be talking to people outside of the agency [00:26:30] space. Who have interesting perspectives and approaches that could translate and be [00:26:35] really relevant, at least in part for agencies. So we already have three episodes recorded [00:26:40] and more to come, more people that have said yes and are happy to [00:26:45] share with all of us some of their hard won insight and expertise [00:26:50] on agency new business.

So as we wrap up [00:26:55] today, if you as a listener are facing a challenge with new business. In your [00:27:00] agency or you'd like a sounding board for an aspect of your new business strategy, send me a [00:27:05] message on LinkedIn or grab a 15 minute call via my profile or the show notes. [00:27:10] I'd be happy to be a thinking partner with you.

And thank you for joining us for [00:27:15] this episode of the Agency Health Podcast. You'll find key takeaways and links in the [00:27:20] show notes. And if you found this episode valuable, consider subscribing and sharing. [00:27:25] Take care. And be [00:27:30] well.



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