Towards A roadmap for successfully implementing business advisory services Insights for professional service firms with 10+ partners

Size: px
Start display at page:

Download "Towards A roadmap for successfully implementing business advisory services Insights for professional service firms with 10+ partners"

Transcription

1 Towards 2020 A roadmap for successfully implementing business advisory services Insights for professional service firms with 10+ partners

2 Towards 2020 A roadmap for successfully implementing business advisory services Insights for professional service firms with 10+ partners Table of Contents Executive summary 3 The journey so far 4 NOW the current state of play 5 WHERE future opportunities 8 HOW the road forward 12 About Mindshop 18

3 Executive summary Successful implementation of business advisory services can result in a myriad of benefits, from attracting and retaining the best people and customers to combating the margin erosion occurring in traditional compliance services due to digital disruption. However, it s not an easy road, as great leadership, new skills, an openness to change and patience are required for success. As a result, firms have attempted over the years to unlock the opportunities associated with implementing advisory services with varying degrees of success. This paper explores how professional service firms at any point in their journey towards implementing advisory services can take the next step, by mapping: 1. Where they are NOW, 2. WHERE they wish to be in the future and 3. HOW to efficiently implement the right strategies for advisory success. Digital disruption, through cloud accounting software while not resulting in the sky falling in as predicted by some, has resulted in margin erosion through greater automation, offshoring and other productivityimproving mechanisms for traditional compliance services. Hence, business advisory provides an opportunity to transition into margin-rich territory by attracting mature clients seeking further value-added services to help them grow their business and profit levels. Huge opportunities exist in the market place to assist businesses by smoothly integrating new advisory service lines, however there are a number of obstacles to overcome: 1. Many partners are already time poor, with a full work schedule so have difficulty investing time to learn new skills 2. Automated, quick fix systems, lead generation tools and dashboard software seem appealing but fail to have any long term impact on client challenges 3. Team members need to be provided quality training to move beyond the numbers, and be agile enough to change tack or address any client challenge 4. Advisory services need to be integrated into how the firm does business to accelerate referrals and cross-selling. Acknowledging that adopting business advisory services successfully will take time is a first step. It will involve transformational leadership, tenacity and a heavy investment over time in training, integration, technology, education and people. There is no quick fix. Success will mean a future proof firm which acts as a net exploring, nurturing and converting a wealth of client opportunities. The motivation is there for firms to change, quality clients are demanding more support to help them grow, digital disruption is eroding margins in traditional compliance areas so the final question becomes does the firm waste years attempting to work it out themselves or find the right support solution to boost their probability of success? 3

4 The journey so far For more than 20 years professional services firms have attempted to move away from a reliance on revenue purely derived from traditional compliance services, capitalise on their trusted advisor status and implement a broader range of advisory services into their client offering. Some have succeeded, some have failed, but most are still at various stages of the transition journey. This roadmap provides an outline for successfully implementing and developing advisory services in a professional service firm with 10+ partners. NOW WHERE HOW The format of this roadmap provides an overview of the typical NOW analysis of a larger firm, WHERE firms should set goals to be over the next three to five years with regard to the implementation of advisory services, and the HOW steps required to implement them successfully and profitably. A starting point Each professional service firm is different, with different goals and at various stages of the journey. This roadmap is meant to be a stimulus for ideas and strategies for each firm to make the transition successfully and significantly grow advisory services regardless of their starting point. A changing landscape Digital disruption of many traditional compliance services through the introduction of cloud accounting software is now turbocharging the pace of change required to stay relevant to customers (while not becoming a commodity service) and sustain revenue and profit targets. Change is now unavoidable for firms seeking success in 2020 and is in fact something to embrace to improve their levels of growth and profit. Overcoming short term change hurdles will reap long-term benefits. Too often firms spend years getting ready and by then the market has passed them by. Make a start then learn and adapt quickly. Change is now unavoidable for firms seeking success in 2020 and is in fact something to embrace to improve their levels of growth and profit. A note about the different journey papers This journey paper is one of a series focusing on different types of advisory service providers. The distinction used is -/+ 10 partners, an arbitrary figure which allows us to address the different issues that may exist between firms with a national footprint and multiple divisions, versus those with a local presence and partners who take on a multitude of responsibilities. We acknowledge that there will be many firms where a combination of issues and strategies described in both papers will be equally relevant. 4

5 NOW - the current state of play Most larger firms already have some valueadded services provided to clients such as profit improvement, growth strategies, payroll services, management accounting, staffing, outsourced CFO services, marketing services, digital marketing, recruitment, training and development or IT services. The growth of these non-compliance services tends to be slow, in part due to the typical conservative culture of a traditional compliance firm and the need for these firms to adopt a more corporate mindset and structure to smoothly integrate new service lines. Firms have invested heavily over many years to develop capability and capacity in traditional compliance services, making it much easier to make substantial profits from compliance over and above other advisory services where little to no investment has been made to date. Many firms have also had false starts with various advisory products and support which has led to question marks on future endeavours. Adapting to survive Margin erosion in many areas is forcing firms to adapt and invest heavily in advisory services but they will need to move quickly before the depletion of available funds from cash-cow compliance services reduces the ability to reinvest in rising star advisory services. Compliance services can be highly leveraged within the existing team or taken offshore to drive higher productivity and profitability, making investing time in other services difficult or seen as a distraction to the business. Changing customer needs Meanwhile, quality customers are maturing in their business acumen, seeking more value and wanting to be guided by their advisors. Most business owners and managers have a focus on growth, profit and achieving specific goals. They want to be challenged by their trusted advisors and have a senior sounding board to help them achieve their goals. Technical compliance services will comprise a key part of the solution but opportunities will present themselves for assisting business in a myriad of other advisory support areas such as: growth profit leadership sales direction coaching training and change. However, most firms lack the skills and capacity required to capitalise on these opportunities and in many cases even fail to recognise they are there in the first place. Margin erosion is forcing firms to adapt and invest heavily in advisory services 5

6 The leaders as advisors conundrum Often in firms only a partner with exceptional natural leadership skills, high emotional intelligence, an inquisitive nature about business and good problem solving abilities succeed in providing any form of advisory services to clients. These people tend to have an intense drive to further develop their own professional skills and be of greater value to the success of their clients. Most have learnt their problem solving skills through the school of hard knocks over the years with only ad hoc training or the occasional attendance at a motivational seminar assisting along the way. Leaders in the firm are often unsure how best to provide the training and support required to accelerate the provision of advisory services to customers as the teams are full with work already and time poor. As a result such services generate little income and generate a poor return on investment for the firm making it even more difficult to justify the investment required to make it a success. Due to the time poor nature of their team or a belief that supporting clients with strategy is outside their capability, some firms turn to quick fixes to tick the box they are seen as doing something by buying software, templates, scripts, lead generation tools or coaching systems. While this can be valuable at first to small businesses it is limited in its scope and longterm impact. Most larger, quality clients would not buy the services at all as they are too prescriptive. Moving beyond automated solutions How can you drive accountability or coach a client if you don t understand their vision, challenges and strategy? The above is seen time and time again with firms. Hearing a customer has a profit issue for example doesn t mean to automatically implement a profit tool as a solution. Often that approach can just accelerate that client in the wrong direction wasting time and money for all. Quality advisors need to dig deeper for the root cause and give the customer perspective. If all an advisor is doing is staring at a business s forecasts or their financials for guidance it s providing only a very small picture of the opportunity or challenge at hand. Challenges also change so rapidly an advisor needs the ability to be agile enough to change tack and facilitate a solution to almost any issue at anytime. Offering prescriptive solutions just doesn t work in a volatile and unpredictable market. Clients want authenticity. Many automated systems providing leverage sound great on paper ( buy me and build a successful advisory business in 6 months! ) but in the field with real customers they just don t deliver sustainable outcomes as customers don t follow the script. Challenges change so rapidly an advisor needs the ability to be agile enough to change tack and facilitate a solution to any issue. 6

7 Moving too fast Adopting advisory services within the firm cannot be implemented successfully using a similar mindset to that of other compliance service lines or technology products. Attempting to get ALL team members delivering advisory services quickly is a recipe for disaster as there is typically no trackrecord or level of competence in delivering advisory services within the firm. This approach also results in any marketing initiatives pushing new opportunities through an incapable system, denting the confidence of the partner driving it and leading to selfsabotaging behaviour across the team. It s an environment littered with big challenges for firms adopting advisory services but at the same time a wealth of clients desperate for assistance. Early adopters face an uphill battle Those firms with partners and managers who have been early adopters and are already delivering advisory services successfully within the firm often find they feel alienated, different and experience significant frustration as they are seen as poor cousins to other service lines despite often being the key attraction and retention tool for quality customers. The challenge is educating others in the team, firm and customers in what they do and how they do it. When others see the fantastic outcomes for the firm and clients, the doors start to open. Implementation challenges Any attempt to seed advisory services using experienced consultants, hiring coaches or a joint venture is also high risk, in part because of the constraints of the professional service firm are significant. These include a reluctance to cross- sell advisory services to existing clients, cultural disconnects, poor capability, over-zealous sales techniques and outside consultants relying too heavily on the firm to generate sales rather than driving new business themselves. It s a challenging, downward spiral of events: 1. a firm s partners have no time to invest in learning new skills, 2. the firm s partners don t understand the opportunity or skills required, 3. advisory services are treated like a quick fix, 4. the partner or partners alienate any attempts to bring in new skills from 3 rd parties, and 5. lack the knowledge or confidence in the services to refer them to their existing customers. Something has to give way to enable success. The final sting in the tail when attempting to implement advisory services comes through a lack of investment in marketing these services due to a difficulty understanding where value-added services fit in the overall firm client support model. Overall it is an environment littered with big challenges for time poor firms adopting advisory services but at the same time a wealth of clients are desperate for assistance in a difficult market. Only a small percentage of firms will achieve success in advisory without the right support. 7

8 WHERE - future opportunities Successfully adopting advisory services across a firm will involve transformational leadership, tenacity and a heavy investment over many years in training, integration, technology, education and people. The outcome will be a diverse professional service firm that acts as a net exploring, nurturing and converting a wealth of opportunities from quality, target market clients. Growth and profit advisory services delivered by the firm will be the starting point that attracts and retains the best customers. Each to their own Each partners portfolio of fees and individual vision will drive a different blend of advisory support required by the partner and their team. This blend of advisory services may for some in a multi-partner firm be just 5% of their overall revenue while for others it will be 50% of what they do. There is no right or wrong mix, however there needs to be an element of advisory services in almost all portfolios for a sustainable business model in the future. Digital disruption hype? The sky is falling in mentality being peddled by many industry gurus around digital disruption of traditional compliance fees will not materialise as quickly or impact as heavily as many expect in small to large firms. This is because most have already moved up the food chain with more value-added services, are offering quite technical services or are addressing more complex client challenges in compliance areas that will not be as heavily impacted. The story however is very different with very small firms or book-keepers where digital disruption has already hit hard due to a focus on predominantly micro businesses with simpler needs. However, firms need to be aware that margins will be eroded through more efficient processing methods (offshoring, some compliance services being done by customers, less time required due to cloud technologies) putting pressure on the need to replace that revenue with other value-added service lines. Practice what you preach Adopting advisory services can initially be of great benefit by encouraging the team to use the tools and methodologies within the firm itself addressing pressing margin issues. This benefits the firm by demonstrating capability to customers by using their own advisory methodologies to improve the firm s profitability and growth. It also demonstrates authenticity which is a trait clients are valuing more and more when searching for an advisor. Successfully adopting advisory services across a large firm will involve transformational leadership, tenacity and a heavy investment over many years in training, integration, technology, education and people. 8

9 Understand in order to sell Partners or senior managers seeking to drive a team that delivers advisory services successfully will not be able to avoid being competent in this area themselves. Most people with good core values cannot sell a service they do not understand or in which they cannot demonstrate capability. With quality customers more risk averse and buying through committees, they are no longer swayed by flashy marketing brochures or hype. Regardless of whether new business comes through a referral or an automated marketing program, the partners or senior managers will have to have the ability to convert new business by being great problem solvers rather than pitching a service. To do this they need to be fluent in problem solving and strategy development tools. Invest in learning The investment of time put into learning these skills to boost capability and confidence should be directly linked to the blend of advisory within that portfolio of fees. Firms that invest more in skill development continuously will reap the rewards. There is no quick fix. Challenges to leverage advisory The nature of advisory services means that it is often difficult to leverage these services to others within the firm as for example the owner of a $40 million turnover manufacturing business may not feel comfortable having their strategy challenged by a junior team member who has spent a few days of training learning how to deliver a strategic planning workshop. However a partner with a wealth of business acumen can quickly complement their knowledge with the skills required to facilitate these support services (at high rates) and then leverage the on-flow of specific projects to more junior team members. As these junior team members grow in confidence and capability a greater depth of leverage will be possible. The services provided by these partner led teams will provide basic advisory support services such as strategic planning days, profit improvement, advisory board roles, problem solving and coaching support roles. Firms need to create the capacity to grow advisory revenue within the team. Once capacity is created focus can change to filling that capacity on a continual basis through tailored, marketing initiatives. Leverage your team Team members understanding where a business is now, where they want to be in the future and their top 3 challenges as to how they will get there will provide valuable direction and prioritisation to any projects and coaching delivered. Imagine the opportunities the team will spot with customers if they all adopted that mindset and questioning? This opens the door for leveraging the firm s junior team to drive basic advisory solutions as they build confidence to accelerate the growth and profit objectives of customers. Team members understanding where a business is now, where they want to be in the future and their top 3 challenges as to how they will get there will provide valuable direction and prioritisation to any projects and coaching delivered. 9

10 Dedicated advisory division More experienced consulting support within successful larger firms will be delivered by a dedicated business advisory support division. This division, run by a partner 100% focused on advisory services drives a team of dedicated consultants, coaches and potentially 3 rd party specialists to drive more complicated change projects, training and development opportunities along with growth and profit initiatives outside the skill set held by an individual partner s team. They also regularly educate the wider firm on their skill set and where they fit in the wider service model so as to complement the work being done by individual partner-led teams. It may be the case that some clients of the firm only utilise advisory services and are not tax and compliance clients. In fact it may be the advisory services are twice the revenue of other compliance fees. Two way referrals Strong referrals are driven across the firm which thinks and acts as one team. While the business advisory support division will derive much of its business through referrals from the firm, it will need to win much of its work from its own external opportunities which then bring other benefits for the firm. The advisory team becomes an equal contributor to the entire firm. To achieve success, common advisory methodologies, training and coaching technologies need to be used across the firm. The right mindset and energy to change A big component of being a successful advisor is the ability to bring energy and the right mindset to each client engagement. Clients who are change fatigued, lacking clarity or seeking strategic insight want to have advice provided by somebody that gives off terrific, positive energy rather than somebody that takes it away. This is often an overlooked key success factor. Thus managing energy as an advisor is important. Keeping healthy, having good life balance, having regular mental stimulation, good family time and financial stability all contribute to a positive mindset and high energy levels when working with clients to solve their issues and challenges. Finding the right blend for your firm Overall firms need to find a blend of advisory services that suits the vision and target market of both the firm as a whole but also the individual partner s portfolio. This blend will be dictated by: the target market clients needs the appetite and tenacity of that partner for growth in this advisory area the existing skill-set of the partner and the team in business advisory the quality of support provided by leaders within the firm to drive advisory growth the growth targets for that partner A wealth of client opportunities await larger firms who have the quality leadership, skills and tenacity to go after them. Strong referrals are driven across the firm which thinks and acts as one team. 10

11 At what stage in the journey is your firm? Your stage in the journey will dictate the initial strategies to evolve the firm and the depth and intensity of support required. Stage 5 Value priced compliance services packaged up with advisory services as an integrated offering across the firm by all partners and their teams. Very strong revenue being generated by advisory services. Specialist consulting services offered by a dedicated division or 3 rd party joint ventures and integrated well into the entire service model for the firm. Stage 4 Value priced compliance services packaged with advisory services as an integrated offering across the firm by some partners competent in delivering advisory services. Good revenue being generated by advisory services. Specialist consulting services offered by a dedicated division or 3 rd party joint ventures not well integrated with other service lines. Stage 3 Value priced compliance services with some advisory services offered by a handful of partners who have basic knowledge in this area. Focus is more heavily on using their advisory skills for internal efficiencies and professional development of partners. Stage 2 Value priced compliance services with no advisory services offered. Stage 1 Hourly rate commodity service with no advisory services offered. 11

12 HOW - the roadmap forward The steps within this roadmap assume the firm has engaged with Mindshop to support the implementation of advisory services successfully across the firm. Those advisory firms who are already part of the Mindshop community should also look to the Top 10 Advisory Insights Study 2016 (see Mindshop online blog) for strategies to adapt their business over the year ahead. Like any journey it will have the occasional detour, speed-bump, times where the pace is fast and others where there is a need to go slow. The intent however is to reach the destination safely and, in the case of a large professional service firm, with a well-integrated, profitable advisory offering in place across the firm that complements the other service lines offered. Success is what the firm defines. Start 1. Assess your current position 2. Discuss and gain buy-in for change from leadership 3. Identify high potential people to commence a pilot 6. Launch workshop 5. Sign off on a blended advisory support program 4. Review other talent options if required 7. Build the advisory model and achieve quick wins 8. Train other firm leaders 9. Three monthly reviews and regular coaching 12. Ongoing innovation, coaching training & development 11. Annual review of progress 10. Build a business advisory services division Goals 12

13 Journey assessment diagnostic Take some time to assess your current position on the journey for achieving your business advisory goals by completing this short diagnostic. 1. Is there a business advisory division in place? 2. What advisory services have been delivered over the past five years? What has been the track record of success? Advisory service Success rating out of 10 Yes No 3. Who has been delivering advisory services? Who have been their target markets and what have been the average annual fees? Target market Delivered by Annual fees 4. Rate your firm on a scale of -5 to +5 (with -5 being poor and +5 being very good) for the following: Capability Commitment & attitude of firm s leadership to implement business advisory services Track record of successfully implementing new services Existence of a common methodology for strategy development & problem solving Clarity & quality of current business advisory model or division Clarity & quality of current advisory sales process Capacity of partners / managers to learn new skills & complete training Culture of openness to change Leadership capability of decision makers to drive growth Quality of target market clients and their need for business advisory services Current level of profitability and growth Reflect on the comments and scores above. Where are the top 3 areas that need focus? What strategies need to be implemented to ensure successful growth of advisory services? 13

14 HOW - The roadmap in detail 1. Assess your current position An assessment needs to be undertaken of what advisory is being done, who is doing it and who they are doing it for. Often partners are undertaking advisory either gratis or billing it as part of their compliance fees. Conduct an audit of current potential for the provision of advisory services, advisory skillset and quality of leadership to drive change. Often this analysis has already been completed as part of a talent management strategy and captured in their performance management plans. A correlation between these high potential people and the current provision of advisory services needs to be assessed (to check are they capable and open to adopting new skills). This initial batch of high potential people will be sounded out on their involvement in driving further growth in advisory services with the support of Mindshop. 2. Discuss and gain buy-in for change from leadership Discuss these findings with the firm s leadership team and gain buy-in for adopting Mindshop to drive the acceleration of advisory services through the various stages of the journey. Set realistic targets for the first 12 months for both internal benefits (efficiency gains) and some direct new revenue from client wins. Many larger firms provide themselves room to breathe by purely focusing their first 6-12 months on internal benefits and professional development (but commercial benefits inevitably flow quickly). 3. Identify high potential people to commence a pilot Identify the high potential people within the organisation who have the skills and abilities in advisory services, people and leadership. 4. Review other talent options if required If strategically important areas of the firm are found to be lacking in high potential people further options for sourcing talent need to be explored, such as hiring non-accountants to be directly part of the firm or a joint venture with a specialist consulting or coaching firm to drive these services while capability is built internally. Each option has its challenges. Third party consultants and coaches can also inject rapid capability to complement the skill-set of those within the firm while high performance people are coming up to speed. Many larger firms provide themselves room to breathe by purely focusing their first 6-12 months on internal benefits and professional development (but commercial benefits inevitably flow quickly). 14

15 5. Sign off on a blended advisory support program with Mindshop When the high potential people or other support options have signed off they want to proceed with a proposal, an initial pilot group will be discussed and a proposal put forward to the firm on the blend of support required. The direct intensity of support from Mindshop for these people will vary: a. Full Mindshop advisor license where partners or managers attend training days, access online resources and training and gain experienced coaching support. (For partners or managers seeking to get on the front-line driving advisory services with full support from Mindshop). b. Mindshop Online user license for those that just require education in the tools and training, using the online portal and coaching support from internal resources within the firm. (For managers in a support team role or partners seeking basic education in delivery of advisory services). c. Ad hoc online training courses for those requiring knowledge of a specific tool set or methodology. (For those in support team roles with a specific single learning focus). Often the blend for this support package is based on one full Mindshop advisor license to an average four user licenses and then online training courses for others in the firm as required. This provides the right balance of support within the firm so those with a user license have the right support from a Mindshop advisor where applicable. So a larger firm may have 10 Mindshop advisor licenses and 40 users licenses where each user is supported by the firm s Mindshop advisors to coach their advisory skill development which drives internal ownership and skill development of the Mindshop advisors (as they have to train others which boosts retained learning). This internal development can be accelerated (if required) with the support of Mindshop by way of an internal training and development academy where Mindshop can structure, tailored quarterly training days for users within the firm to up-skill them in the advisory tools they need to learn but delivered by the firm s Mindshop advisors or 3 rd parties if required (to speed up the implementation process). This can help ensure all stay on track with their development plans and are held accountable for commercial outcomes. These options are all explored based on each individual firm s advisory goals. Mindshop coaches the firm s advisors to train the team which ensures ownership internally. 15

16 6. Launch workshop A one day workshop to launch the advisory support program with Mindshop will be completed and would include sharing of the vision, explanation of the likely barriers, basic training in the core Mindshop tools and an overview of the support program for individuals participating in the program. All Mindshop advisors would be present. Ideally the Managing Partner or CEO of the firm will take an active role in the training and implementation of this program. 7. Build the advisory model and achieve quick wins This initial pilot group will operate for a period of 12 months minimum with a focus on: a. Putting in place a starting point of basic advisory services b. Refining an advisory delivery model c. Becoming confident in leveraging online training and coaching technologies d. Refining a sales process for advisory services supported by marketing team e. Integrating the advisory services with other service lines f. Educating the rest of the firm in the capability of these services g. Building a track-record and competence in the early adopters These initiatives will be supported through the training, support, coaching and networking provided as part of Mindshop s support solution. It s innovative online coaching and training technologies will provide just-in-time support to time-poor senior people as they drive change across the firm and implement new services with customers. 8. Train other firm leaders All leaders within the firm will be offered basic training where applicable in various problemsolving tools during the pilot group s first 12 months to provide everyone a chance to be educated in a common approach to advisory within the firm. 9. Quarterly reviews and regular coaching Regular quarterly reviews will be conducted to ascertain progress against goals with coaching provided to overcome hurdles and continuously adapt the plan. This time will be used to identify who has the highest potential and also who may be blocking the process. Those with the highest potential may be used to drive a new business advisory division if it does not already exist. This head of advisory services needs to report to the Managing Partner or CEO of the overall firm so that the advisory practice is protected from some of the negative aspects of the professional service firm culture. 16

17 10. Build a business advisory services division After 6-12 months the advisory services leader develops plans to grow the business advisory services division and invites (where applicable) other high potential people within the firm to move to a full-time role in advisory services (but avoids conflict by not taking team members from other areas of the business where they want to continue in their current roles). Initially this may only be a few people supplemented with some experienced 3 rd party consultants but in time the fees generated from advisory will become significant in this division which is fed by referrals of more complex opportunities from other areas of the firm. Some of the high potential leaders may ultimately return to their previous technical specialities in a more senior leadership role but that will enable improved cross selling across the firm if it occurs. 11. Annual review of progress After 12 months, a full review is completed of the pilot program and a further roll-out of advisory services continues in line with the vision and targets of the firm. This is supported by the successful high potential people used during the initial pilot program, who are now advocates of the process and generating a fantastic return on investment. 12. Ongoing innovation, coaching training & development After 12 months, with the support of Mindshop, the firm s partners and teams, the business advisory division continues to thrive through regular coaching, training, innovation, networking and the injection of new technologies. As credibility grows and advisory is just the way we do business as part of an integrated model, referrals continue to increase and advisory becomes the key attraction and retention service for the firm in regard to both quality customers and quality team members. You only fail if you stop trying As with any business plan, some aspects of this strategy will be successful and others will fail. Each can be a benefit to the firm in the learning and experience created. Changes to the overall strategy will be made in response to these experiences through the combined effort of the firm and Mindshop. Unlocking the advisory opportunities for a firm to attract and retain the best people and customers while combating the margin erosion in traditional compliance fees is a huge opportunity for all larger firms at present. It s not an easy road as great leadership, new skills, tenacity and patience will be required for success. We look forward to supporting you in making this journey a successful one. 17

18 About Mindshop Mindshop delivers everything business advisors need to successfully build, grow, sell and deliver services to any sized customer, anywhere in the world. Founded in 1994 in Melbourne, Australia by leading management consultant, Dr Chris Mason, Mindshop has now grown to support over 900 business advisors and leaders in 8 countries. Mindshop supports advisors achieve their business goals by providing: Experienced coaching support Regular face-to-face and online training A community of hundreds of advisors to share best practice Hundreds of advisory solutions composed of tools, workshops, products and Innovative coaching technology Australia, New Zealand & other international enquiries James Mason Managing Director jmason@mindshop.com North American enquiries Dr Chris Mason Founder cmason@mindshop.com European enquiries Gill Burn Regional Director - Europe gburn@mindshop.com Mindshop International