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• Helping companies get from here to
  there… Helping companies get from here to there…
2




Fast Bridge
A network of Academics (15-20), Entrepreneurs (10-15) and
Business experts (20+) focused on helping companies move faster in 3 areas:

1/. Business start-ups
2/. International expansion
3/. And some go to market for established companies

What makes Fast Bridge Consulting different from most consulting
companies…
• A stronger focus on business execution
• We work with more senior consultants
• We are willing to link our payments directly to a client’s business results


                                                                            12/20/2012
3




Our goals….
• To help our partners…
  â–« Sell more consulting days in their areas of expertise
  â–« To make the process easier and more fun
    ď‚– Part of a team
    ď‚– Learning together
    ď‚– Access to systems, solutions and resources

• And build a new consulting brand with real value


                                                            12/20/2012
4




Who are you...
•   Selected from over 150 CVs
•   All with at least 10 years of experience
•   Most have started 1 or more companies
•   Most have at least 5 years of consulting experience
5




Why Fast Bridge ?
• To solve the issues we all face
  â–«   Days sold
  â–«   Use of expertise
  â–«   Day rates
  â–«   Complexity, scalability

• Not an interim bureau.
• We want to sell our services more effectively together
6




Targets for 2012 / 2013
• 60 new clients
• 2000 consulting days sold with revenue of 2,0 million
• A brand companies recognize

                      Number   Days   Clients   total
    Managing Ptnrs      5      150      5.0      750
    Strategic Ptnrs     10      65      2.2      650
    Database Ptns       30      20      0.7      600
    Total               45     78.3     2.6     2000
7




3 bets for the future
• There are holes in the current consulting market
• Working together, a group of partners could build
  this company
• It is more profitable than doing it alone
The 3 pillars of Fast Bridge

                 Branding




      Working               Sales
      together
Building a brand
• Step 1: Where are the holes in the market
  â–« Our message needs to be unique and meaningful

• Step 2: What is the differentiating idea.
  â–« How should Fast Bridge be different.

• Step 3: What can be done to establish the credentials of
  Fast Bridge
  â–« A reason to believe

• Step 4: How to communicate the difference.
  â–« Where and how to invest to be seen
10




Filling 4 holes in the market

           •   Experienced (>10yrs)
           •   Execution Addicts



                                                               Business Development
                                      The Right People         • Start-ups
                                                               • New products
                                                               • Rebranding
                                        ”Getting
                                               Things
                                             Done”
•   Lean systems
•   Willing to be paid
    based on results                                                  •   Senior people at the
                                                                          price of a junior top 5
                          Result-oriented           Value for Money
                                                                      •   80% to consultant
                                                                          vs. 20% traditional
                                                                          consulting


                                                                                                12/20/2012
Building a brand
• Step 1: Where are the holes in the market
  â–« Our message needs to be unique and meaningful

• Step 2: What is the differentiating idea.
  â–« How should Fast Bridge be different.

• Step 3: What can be done to establish the credentials of
  Fast Bridge
  â–« A reason to believe

• Step 4: How to communicate the difference.
  â–« Where and how to invest to be seen
The Fast Bridge brand

We deliver results.
We bridge the gap between theory and
implementation. We are fast, lean and result driven.

It is all about people … (seniority, experience,
commitment)
Building a brand
• Step 1: Where are the holes in the market
  â–« Our message needs to be unique and meaningful

• Step 2: What is the differentiating idea.
  â–« How should Fast Bridge be different.

• Step 3: What can be done to establish the credentials of
  Fast Bridge
  â–« A reason to believe

• Step 4: How to communicate the difference.
  â–« Where and how to invest to be seen
Reasons to believe
• The people in our network
• Interesting content shared on a regular basis
• A willingness to be paid based on results *
  â–« Work for shares
  â–« Payments linked to business targets


  * We see the ideal scenario as a day rate for consulting and partly (fully)
    no cure no pay for implementation
Building a brand
• Step 1: Where are the holes in the market
  â–« Our message needs to be unique and meaningful

• Step 2: What is the differentiating idea.
  â–« How should Fast Bridge be different.

• Step 3: What can be done to establish the credentials of
  Fast Bridge
  â–« A reason to believe

• Step 4: How to communicate the difference.
  â–« Where and how to invest to be seen
A simple formula for
marketing with low
      budgets

  Content quality
  * Conversation
     = Impact
4 big, but relatively low costs actions
1.   Buy / make low cost content
2.   A survey on effective consulting
3.   A newsletter
4.   Lot’s of social communication
     â–«   A series of lead Tweeters (4-5)
     â–«   Active following of other blogs
     â–«   Slide Share
     â–«   Linked in groups
Summaries.com
                                                  Quality summaries of leading
                                                  books

                                                  Action plan
                                                  1. Buy the rights to co-brand
                                                      a series of summaries
                                                  2. Share with clients
                                                  3. And use as a survey
                                                      incentive

                                                                Budget about € 5 K


    This summary is brought to by Fast Bridge Consulting
    is network of entrepreneurs, academics and experts
    helping start-ups and established companies succeed
    with new products and business development
    www.fast-bridge.com
19




Gathering other peoples content
• The idea: 3 – 4 resource
  pages
  ▫ Lot’s of useful links
  ▫ Lot’s of content
  â–« Things to download

• Results
  â–« Higher rankings in
    google (traffic)
  â–« Establish knowledge
    leadership
                                  12/20/2012
A study on the consulting process
“what really drives results”
• Target: 40 K               Invitations to the survey
                                                                                      Sign up
  managers, VC and                                       Contacts    %      Num        News     Net

  private equity worldwide   Do not read
                             Read invitation
                                                          40000
                                                          40000
                                                                    0.55
                                                                     0.4
                                                                            22000
                                                                            16000
                                                                                         0%
                                                                                         5%
                                                                                                 0
                                                                                                800

• Expected Results           Participate
                             Totals
                                                          40000     0.05     2000
                                                                            18000
                                                                                        75%     1500
                                                                                                2300

  â–« See message 24 K         Delivery of the results
                                                                                      Sign up
  â–« News subscribe 3,2 K                                 Contacts   Read   Readers     News     Net
                             Do not read                   22000    15%        3300     15%     495
                             Read invitation (no news)     15200    20%        3040     15%     456
                             Read invitation (news)         800     60%         480     NA      NA
                             Participate                    2000    60%        1200     NA      NA
                             Totals                                            8020             951
21




A Fast Bridge newsletter: Fast Thoughts

                       • Sent once a month
                       • Written by Fast Bridge
                         partners
                       • Preferably a short talk
                         sheet, but presentations
                         also OK
                       • Always with a call to action
                       • Always shared via social
                         media



                                                   12/20/2012
Why do we believe this could work ?
   • Company:                Postal-Solutions
   • Objective:              Expert for Postal Services
   • Strategy:               Joint newsletters
                             An international Survey
                                                                 700 senior
Joint Articles                              A big survey         postal officials
                                            What is              in 72 countries
                                            Driving
                                            Direct Mail          17% of Postal
                                                                 Directors worldwide
                                            Worldwide
                                            Study                22 clients


(With an ugly site, very limited budgets and no social media )
The 3 pillars of Fast Bridge

                 Branding




      Working               Sales
      together
24


     The keys to Success
              DAYS               x               RATE              x      COMMITMENT


                                      Key Success Parameters


             TENDERS                         CREDIBILITY               CORE COMPETENCES


                                     Critical Success Indicators


            MEETINGS                         EXPERIENCE                KNOWLEDGE SHARING


                      Critical Success Factors


              LEADS                       STANDARD TOOLS


          Key Challenge


              CALLS


Keys to success
25




Building a sales machine (and sales system)
• Lead focused
• Easy first sale products
• Selling together
26



The sales funnel …


           10,000 contacts
                             4%

             400 leads
                             30%

             120 offers
                             50%
             60 clients



                                   12/20/2012
27



Lead Generation                                                       10,000 contacts
                                                                   Rework peter
                                                                          400 leads

                                                                          120 offers

                                                                          60 clients




             Lead driven
             communication         Partners       Telemarketing         Events

Objectives   To generate leads     The core of    A follow-up on        An easy
             directly, but also    our business   marketing             first step
             make other contacts                  communication
             easier

Frequency    1 news per month      Ongoing        50 calls per month 3 per year
             ongoing social
Leads/year   100                   200            50                    50
28




Dec-March
Dec.         Jan          Feb             March        April
Consulting   Knowledge
Survey       Sharing

             Innovation   Lean in Estb.   TBD
             Companies    Companies

             Innovation                                Event 2
             Event

             Innovation   Innovation      Innovation
             Audits       Audits          Audits

Telemktg     Telemktg     Telemktg        Telemktg
                                                        12/20/2012
29


                                               10,000 contacts

                                                 400 leads



First Sales products                             120 offers

                                                 60 clients



Objectives
Develop standard door-opening yes/ no products that
can be sold in 1 meeting

Ideas
 • An innovation audit (7 Days @ 7,5 K)
 • A business model review (3 levels, but very simple)
 • 1 more (we are looking for ideas)

                                                                 12/20/2012
30


                                                             10,000 contacts

                                                               400 leads

Selling together                                               120 offers

                                                               60 clients



• Why can McKinsey charge 3 times the rate of a senior
  independent consultant
   ▫ They sell a brand (we won’t be able to match this)
   â–« They sell systems and packages (that is something we can
     do)
   â–« Most importantly, they sell as a team
     Estimates from a US consulting group… 2 independent consultants
      selling together can sell for 30% more and close 25% more sales

      Client meetings with minimum 2 Fast-Bridge Partners!
The 3 pillars of Fast Bridge

                 Branding




      Working               Sales
      together
32




Working together
• Getting to know each other / Knowledge sharing
  â–« 4 events in 2013
  â–« A central information platform with presentations,
    books, research
• Systems to encourage working together
33




What would you need to recommend
someone else in this room to one of
your contacts…

    time to get to know him/her
    we want to make this possible…


                                  12/20/2012
Active knowledge sharing
Frequency          Format         Deliverables

4 x a year         3 Subjects     Monthly Newsletter content

                                  Re-usable presentations
                                  (for clients)

                                  People able to sell the idea




 Knowledge sharing = visibility
35




Systems to encourage working together
• Principles
  â–«   3 types of partners
  â–«   A 10 % fee on referred sales
  ▫   2.5 – 5% for partner management
  â–«   A limited fee to Fast Bridge to cover costs 10%




                                                        20/12/2012
36



Working Together                                          Database Strategic Managing
                                                           Partner Partner Partner
                                                            50 +      15       3-5
                        Revenue Splits
  Getting and           Client Management *                 10%      10%        10%
  Managing the client   Managing Partner fees                5%      2.5%        0%
                        Fast Bridge                         10%      10%        10%
  Paid to you           Doing the work                      75%     77.5%       80%

                        Commitments
                        Days per year                      None    +/-5 days +/- 40 days
                        Up-front investment                  0         0        5000
                        Meetings per month                   0         1         2-4
                        Non-compete agreement               No        No         Yes

                        What you get…
                        Events, Knowledge sharing           Yes      Yes        Yes
                        Tools to use in client meetings     Yes      Yes        Yes
                        Est. Client meetings / year         1-2      5-10        50
                        FB Cards , Emails                   No       Yes        Yes
                        Shares in Fast Bridge               No        No        Yes

                                                                                  12/20/2012
37



Working Together                                             Database Strategic Managing
                                                              Partner Partner Partner
                                                               50 +      15       3-5
                           Revenue Splits
                           Client Management *                 10%      10%        10%
  Managing and placing
                           Managing Partner fees                5%      2.5%        0%
  freelancers / partners
                           Fast Bridge                         10%      10%        10%
                           Doing the work                      75%     77.5%       80%

                           Commitments
                           Days per year                      None    +/-5 days +/- 40 days
                           Up-front investment                  0         0        5000
                           Meetings per month                   0         1         2-4
                           Non-compete agreement               No        No         Yes

                           What you get…
                           Events, Knowledge sharing           Yes      Yes        Yes
                           Tools to use in client meetings     Yes      Yes        Yes
                           Est. Client meetings / year         1-2      5-10        50
                           FB Cards , Emails                   No       Yes        Yes
                           Shares in Fast Bridge               No        No        Yes

                                                                                     12/20/2012
38



Working Together                                          Database Strategic Managing
                                                           Partner Partner Partner
                                                            50 +      15       3-5
                        Revenue Splits
                        Client Management *                 10%      10%        10%
                        Managing Partner fees                5%      2.5%        0%
  To cover marketing    Fast Bridge                         10%      10%        10%
  and event costs       Doing the work                      75%     77.5%       80%

                        Commitments
  not a profit center
                        Days per year                      None    +/-5 days +/- 40 days
                        Up-front investment                  0         0        5000
                        Meetings per month                   0         1         2-4
                        Non-compete agreement               No        No         Yes

                        What you get…
                        Events, Knowledge sharing           Yes      Yes        Yes
                        Tools to use in client meetings     Yes      Yes        Yes
                        Est. Client meetings / year         1-2      5-10        50
                        FB Cards , Emails                   No       Yes        Yes
                        Shares in Fast Bridge               No        No        Yes

                                                                                  12/20/2012
39



Working Together                                            Database Strategic Managing
                                                             Partner Partner Partner
                                                              50 +      15       3-5
                          Revenue Splits
                          Client Management *                 10%      10%        10%
                          Managing Partner fees                5%      2.5%        0%
                          Fast Bridge                         10%      10%        10%
                          Doing the work                      75%     77.5%       80%

                          Commitments
  One project for         Days per year                      None    +/-5 days +/- 40 days
  strategic partners      Up-front investment                  0         0        5000
                          Meetings per month                   0         1         2-4
  Several projects and    Non-compete agreement               No        No         Yes
  partner management
  for managing partners   What you get…
                          Events, Knowledge sharing           Yes      Yes        Yes
                          Tools to use in client meetings     Yes      Yes        Yes
                          Est. Client meetings / year         1-2      5-10        50
                          FB Cards , Emails                   No       Yes        Yes
                          Shares in Fast Bridge               No        No        Yes

                                                                                    12/20/2012
40



Working Together                                            Database Strategic Managing
                                                             Partner Partner Partner
                                                              50 +      15       3-5
                          Revenue Splits
                          Client Management *                 10%      10%        10%
                          Managing Partner fees                5%      2.5%        0%
                          Fast Bridge                         10%      10%        10%
                          Doing the work                      75%     77.5%       80%

                          Commitments
                          Days per year                      None    +/-5 days +/- 40 days
                          Up-front investment                  0         0        5000
 Client proposals using   Meetings per month                   0         1         2-4
 Fast Bridge…             Non-compete agreement               No        No         Yes

                          What you get…
                          Events, Knowledge sharing           Yes      Yes        Yes
                          Tools to use in client meetings     Yes      Yes        Yes
                          Est. Client meetings / year         1-2      5-10        50
                          FB Cards , Emails                   No       Yes        Yes
                          Shares in Fast Bridge               No        No        Yes

                                                                                    12/20/2012
41



Working Together                                             Database Strategic Managing
                                                              Partner Partner Partner
                                                               50 +      15       3-5
                           Revenue Splits
                           Client Management *                 10%      10%        10%
                           Managing Partner fees                5%      2.5%        0%
                           Fast Bridge                         10%      10%        10%
                           Doing the work                      75%     77.5%       80%

                           Commitments
                           Days per year                      None    +/-5 days +/- 40 days
No restrictions on being   Up-front investment                  0         0        5000
part of another group      Meetings per month                   0         1         2-4
or doing work              Non-compete agreement               No        No         Yes
Independently
                           What you get…
For managing partners      Events, Knowledge sharing           Yes      Yes        Yes
no similar groups          Tools to use in client meetings     Yes      Yes        Yes
                           Est. Client meetings / year         1-2      5-10        50
Note: FB offers            FB Cards , Emails                   No       Yes        Yes
must be delivered          Shares in Fast Bridge               No        No        Yes
via FB
                                                                                     12/20/2012
42



Working Together                                   Database Strategic Managing
                                                    Partner Partner Partner
                                                     50 +      15       3-5
                 Revenue Splits
                 Client Management *                 10%      10%        10%
                 Managing Partner fees                5%      2.5%        0%
                 Fast Bridge                         10%      10%        10%
                 Doing the work                      75%     77.5%       80%

                 Commitments
                 Days per year                      None    +/-5 days +/- 40 days
                 Up-front investment                  0         0        5000
                 Meetings per month                   0         1         2-4
                 Non-compete agreement               No        No         Yes

                 What you get…
  What you get   Events, Knowledge sharing           Yes      Yes        Yes
  In return      Tools to use in client meetings     Yes      Yes        Yes
                 Est. Client meetings / year         1-2      5-10        50
                 FB Cards , Emails                   No       Yes        Yes
                 Shares in Fast Bridge               No        No        Yes

                                                                           12/20/2012
43




Where is the value for partners
• More leads , more sales
• Higher close rates on contacts
• Business fit to their skills (higher rates)
                          Now             With Fast Bridge
   Good Leads per year      10     120%          12          [A]
   Close rate              25%     120%         30%          [B]
   Number of clients        2.5                  3.6         [C]=[A]*[B]
   Avg Sale               50000    110%        55000         [D]
   Margin                  80%     88%          70%          [E]
   Profit                100,000             138,600         [C]*[D]*[E]


                                                                           12/20/2012
44




Summary…




           12/20/2012
45


Who is buying from you now ?
                                            These are the contacts likely
                                               Key to most success
           You




 Level 1         Level 2          Level 3                 Level 4
 Contact         Contact          Contact                 Contact




 Your Friend      Alice’s Uncle         Bill’s Friend           Carol’s Boss
   Alice               Bill                 Carol                  David
46




The Facts…
• It is typically not your first level contact that
  eventually hires you - in fact, you’ll probably find
  that the hiring contact may be 2, 3 or 4 levels deep.

• “acquaintances are more likely than close contacts
  to give individuals direct information and to
  recommend them for opportunities.”
 (Mark Granovetter, “The Strength of Weak Ties”)



  2 reasons why…
  Because our close contacts are often looking at the same opportunities
  There are a lot more acquaintances than close contacts
47




                                        Start-ups
                                        (parter 2)
                                                                                 Partners



                                                                     Human
               ICT
                                                                   Resources
            (partner 1)
                                                                   (partner 3)

                                         Fast
                                        Bridge



                           Finance                     Sales &
                                                     Marketing
                          (Partner 5)                (Partner 4)


Other                                                                              Int’l
Companies                                                                          Partners


                                                                                            12/20/2012
48



A rough plan…
                      Dec               Jan            Feb          Mar          Apr       May        Jun        Jul    Aug        Sep        Oct       Nov        Dec

Events            Build Dbase        Myths of                                  Effective                        TBD                          TBD
Actions          Consult Survey     Innovation                                Consulting

                   Free books

                   Knowledge        Innov. audit                 Knowledge                         Knowledge                    Knowledge
                    Event (1)          Ready                      Event (2)                         Event (3)                    Event (3)

News                 Myths            Lean for         TBD        Effective      TBD       TBD        TBD       TBD     TBD        TBD       TBD        TBD
                   Innovation     Estb. Companies                Consulting

TeleMktg          Myths Event      Myths Event      Innovation   Innovation      TBD       TBD        TBD       TBD     TBD        TBD       TBD        TBD        TBD
                  Invite Dbase     Invite Dbase        Audit        Audit

Social           Myths announce         TBD            TBD        Effective      TBD       TBD       Event      TBD     TBD       Event      TBD        TBD        TBD
                   New Lean                                      consulting


News Dbase            500              2.000          2.150        2.300        2.450      2.600     2.750      2.900   3.050     3.200      3.350      3.500     3.650

Leads Comm             8                 8              8            8            8          8         8          8       8         8          8          8         8

Leads events                            15                           15                                          15                           15

Leads Tele             5                 5              5            5            5          5         5          5       5         5          5          5         5

Leads Partners         15               15             15            15          15         15         15        15      15         15        15         15         15

                                                                                                                                          Total Leads              424

                                                                                                                                                                12/20/2012
49




What do we have now
• A reasonably good brand idea
• A website in English and Chinese
• Several databases Belgian KMOs (25K), Top 5000 (2,5K)
  Equity/VC worldwide (17K)
• A survey on consulting ready to send
• An agreement sponsored summaries
• A few good presentations and lots of content to share
• A plan to put things together
• A lot of energy and desire


                                                          12/20/2012
50




Who would like to be our contact
with these organizations …




                                   12/20/2012
51




Where would you like to help ?
   Business Support             Areas of activity      Specific organizations
    5 Branding                   5 Belg KMOs            5 Agence pour L'entreprise
    5 Consulting survey          5 Belgian top 500      5 Agentschap Ondernemen
    5 Event Management           5 VC private equity    5 Angel me
    5 General presentations      5 Start up industry    5 Beangels
    5 Int'l partnerships         5                      5 Beta Groups
    5 Knowledge sharing          5                      5 Business angels netwokr
    5 Newsletters                5                      5 Europe Unlimited
    5 PR                                                5 Iminds
    5 Resource pages            Countries               5 Iminds
    5 SEA                        5 Brazil               5 Leuven Alumni
    5 SEO                        5 Canada               5 Microsoft innovation
    5 Social media mktg          5 China                5 PMV
    5 Telesales                  5 Japan                5 Solvay Alumni
    5                            5 Turkey               5 Unizo
    5                            5 UK                   5 Vlerick Alumni
    5                            5 USA                  5
                                 5                      5
   First sales products          5                      5
     5 Innovation audit          5                      5
     5 Business model seminar    5                      5
     5                                                  5
     5                                                  5
                                                                                     12/20/2012
52




The magic of working together
How….                                   Good Examples
1.   Choose something you’re            1.   Promoting Fast Bridge with
     interested in                           Turkish companies
2.   Look for a way to leverage the     2.   Joint presentations/research
     Fast Bridge Network                     sent to the Fast Bridge News
3.   Do it in a way you benefit              list
                                        3.   Building a new product “the
                                             innovation audit”


 The Secret sauce is very simple…
 It is about mutual self-interest… That’s OK (and sustainable)

                                                                        12/20/2012
53




Summary …
            Branding
                               Working together we are
                               Stronger than working apart

                               Selling your services like you
                               would if you had the time, and
                               energy…
 Working               Sales
 together




                                                                12/20/2012
54




1 + 1 + 1 + 1 = Beauty

1 + 1 + 1 + 0 = Failure
55




Moving forwards… 1,2,3
1…   Are you interested… if yes, type of partner
2…   How would you like to work together..
     Write down a few ideas…
3…   One to one talks to coordinate efforts and
     confirm agreements (strategic partners agreed
     after 1 joint working experience)

                                   GO…
                                                     12/20/2012
56




A practical example…
• We met 2 people interested in innovation 29/11
• Both agreed to be strategic partners
• Now we are working on the following
  â–« A newsletter early Jan
  â–« An event late Jan
  ▫ An first sales product “an innovation audit”

• Targets
  â–« Build image of Fast Bridge
  â–« 10 audit sales, 3 large projects
                                                   12/20/2012
57




According to Baron Vlerick

“You can wait for things to happen
or make things happen...”

We’d like you to help us make
things happen…

                                     12/20/2012
58




Shares for partners
A hypothetical example
Investments to date                            50000

New investments (all partners)                         Your investments

    Partner constributions      5000     5    25,000           Partner constributions       5000     1    5,000
    Partner days                 750   200   150,000           Partner days                  750    22   16,500
    Turnover (2013)          1200000   0.2   240,000           Turnover (2013)            110000   0.2   22,000

Total                                        465,000   Total                                             43,500

                                                       Your share of Fast Bridge Shares                     9.4%

                        Thanks for your attention




                                                                                                         12/20/2012
The logic of the position

A “C” level message                It is also
 • They know everything is based    • Focused
   on people                        • Polarizing (some people will
 • They will like the “Lean and         hate it and that is good)
   results ” focus                  • Defendable
                                    • Coherent
60


                                                                                 10,000 contacts

                                                                                   400 leads

What makes us different?                                                           120 offers

                                                                                   60 clients




                Benefit                         Reason why
  Bain          Strategy                        Focus on results
  Accenture     Change                          Focus on value creation
  Deloitte      Thought Leadership              Focus on models
  Mckinsey      Strategy                        Focus on models
  Ideo          Business Idea generation        Focus on Innovation and growth
  Eureka        Wealth and portfolio management Focus on finance



  Fast Bridge   Strategic analysis              Problem Detection
                Practical business solutions    Focus on implementation
                Speed                           Lean… development


   We bridge the gap between theory an implementation

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Independent consultants working together

  • 1. • Helping companies get from here to there… Helping companies get from here to there…
  • 2. 2 Fast Bridge A network of Academics (15-20), Entrepreneurs (10-15) and Business experts (20+) focused on helping companies move faster in 3 areas: 1/. Business start-ups 2/. International expansion 3/. And some go to market for established companies What makes Fast Bridge Consulting different from most consulting companies… • A stronger focus on business execution • We work with more senior consultants • We are willing to link our payments directly to a client’s business results 12/20/2012
  • 3. 3 Our goals…. • To help our partners… â–« Sell more consulting days in their areas of expertise â–« To make the process easier and more fun ď‚– Part of a team ď‚– Learning together ď‚– Access to systems, solutions and resources • And build a new consulting brand with real value 12/20/2012
  • 4. 4 Who are you... • Selected from over 150 CVs • All with at least 10 years of experience • Most have started 1 or more companies • Most have at least 5 years of consulting experience
  • 5. 5 Why Fast Bridge ? • To solve the issues we all face â–« Days sold â–« Use of expertise â–« Day rates â–« Complexity, scalability • Not an interim bureau. • We want to sell our services more effectively together
  • 6. 6 Targets for 2012 / 2013 • 60 new clients • 2000 consulting days sold with revenue of 2,0 million • A brand companies recognize Number Days Clients total Managing Ptnrs 5 150 5.0 750 Strategic Ptnrs 10 65 2.2 650 Database Ptns 30 20 0.7 600 Total 45 78.3 2.6 2000
  • 7. 7 3 bets for the future • There are holes in the current consulting market • Working together, a group of partners could build this company • It is more profitable than doing it alone
  • 8. The 3 pillars of Fast Bridge Branding Working Sales together
  • 9. Building a brand • Step 1: Where are the holes in the market â–« Our message needs to be unique and meaningful • Step 2: What is the differentiating idea. â–« How should Fast Bridge be different. • Step 3: What can be done to establish the credentials of Fast Bridge â–« A reason to believe • Step 4: How to communicate the difference. â–« Where and how to invest to be seen
  • 10. 10 Filling 4 holes in the market • Experienced (>10yrs) • Execution Addicts Business Development The Right People • Start-ups • New products • Rebranding ”Getting Things Done” • Lean systems • Willing to be paid based on results • Senior people at the price of a junior top 5 Result-oriented Value for Money • 80% to consultant vs. 20% traditional consulting 12/20/2012
  • 11. Building a brand • Step 1: Where are the holes in the market â–« Our message needs to be unique and meaningful • Step 2: What is the differentiating idea. â–« How should Fast Bridge be different. • Step 3: What can be done to establish the credentials of Fast Bridge â–« A reason to believe • Step 4: How to communicate the difference. â–« Where and how to invest to be seen
  • 12. The Fast Bridge brand We deliver results. We bridge the gap between theory and implementation. We are fast, lean and result driven. It is all about people … (seniority, experience, commitment)
  • 13. Building a brand • Step 1: Where are the holes in the market â–« Our message needs to be unique and meaningful • Step 2: What is the differentiating idea. â–« How should Fast Bridge be different. • Step 3: What can be done to establish the credentials of Fast Bridge â–« A reason to believe • Step 4: How to communicate the difference. â–« Where and how to invest to be seen
  • 14. Reasons to believe • The people in our network • Interesting content shared on a regular basis • A willingness to be paid based on results * â–« Work for shares â–« Payments linked to business targets * We see the ideal scenario as a day rate for consulting and partly (fully) no cure no pay for implementation
  • 15. Building a brand • Step 1: Where are the holes in the market â–« Our message needs to be unique and meaningful • Step 2: What is the differentiating idea. â–« How should Fast Bridge be different. • Step 3: What can be done to establish the credentials of Fast Bridge â–« A reason to believe • Step 4: How to communicate the difference. â–« Where and how to invest to be seen
  • 16. A simple formula for marketing with low budgets Content quality * Conversation = Impact
  • 17. 4 big, but relatively low costs actions 1. Buy / make low cost content 2. A survey on effective consulting 3. A newsletter 4. Lot’s of social communication â–« A series of lead Tweeters (4-5) â–« Active following of other blogs â–« Slide Share â–« Linked in groups
  • 18. Summaries.com Quality summaries of leading books Action plan 1. Buy the rights to co-brand a series of summaries 2. Share with clients 3. And use as a survey incentive Budget about € 5 K This summary is brought to by Fast Bridge Consulting is network of entrepreneurs, academics and experts helping start-ups and established companies succeed with new products and business development www.fast-bridge.com
  • 19. 19 Gathering other peoples content • The idea: 3 – 4 resource pages â–« Lot’s of useful links â–« Lot’s of content â–« Things to download • Results â–« Higher rankings in google (traffic) â–« Establish knowledge leadership 12/20/2012
  • 20. A study on the consulting process “what really drives results” • Target: 40 K Invitations to the survey Sign up managers, VC and Contacts % Num News Net private equity worldwide Do not read Read invitation 40000 40000 0.55 0.4 22000 16000 0% 5% 0 800 • Expected Results Participate Totals 40000 0.05 2000 18000 75% 1500 2300 â–« See message 24 K Delivery of the results Sign up â–« News subscribe 3,2 K Contacts Read Readers News Net Do not read 22000 15% 3300 15% 495 Read invitation (no news) 15200 20% 3040 15% 456 Read invitation (news) 800 60% 480 NA NA Participate 2000 60% 1200 NA NA Totals 8020 951
  • 21. 21 A Fast Bridge newsletter: Fast Thoughts • Sent once a month • Written by Fast Bridge partners • Preferably a short talk sheet, but presentations also OK • Always with a call to action • Always shared via social media 12/20/2012
  • 22. Why do we believe this could work ? • Company: Postal-Solutions • Objective: Expert for Postal Services • Strategy: Joint newsletters An international Survey 700 senior Joint Articles A big survey postal officials What is in 72 countries Driving Direct Mail 17% of Postal Directors worldwide Worldwide Study 22 clients (With an ugly site, very limited budgets and no social media )
  • 23. The 3 pillars of Fast Bridge Branding Working Sales together
  • 24. 24 The keys to Success DAYS x RATE x COMMITMENT Key Success Parameters TENDERS CREDIBILITY CORE COMPETENCES Critical Success Indicators MEETINGS EXPERIENCE KNOWLEDGE SHARING Critical Success Factors LEADS STANDARD TOOLS Key Challenge CALLS Keys to success
  • 25. 25 Building a sales machine (and sales system) • Lead focused • Easy first sale products • Selling together
  • 26. 26 The sales funnel … 10,000 contacts 4% 400 leads 30% 120 offers 50% 60 clients 12/20/2012
  • 27. 27 Lead Generation 10,000 contacts Rework peter 400 leads 120 offers 60 clients Lead driven communication Partners Telemarketing Events Objectives To generate leads The core of A follow-up on An easy directly, but also our business marketing first step make other contacts communication easier Frequency 1 news per month Ongoing 50 calls per month 3 per year ongoing social Leads/year 100 200 50 50
  • 28. 28 Dec-March Dec. Jan Feb March April Consulting Knowledge Survey Sharing Innovation Lean in Estb. TBD Companies Companies Innovation Event 2 Event Innovation Innovation Innovation Audits Audits Audits Telemktg Telemktg Telemktg Telemktg 12/20/2012
  • 29. 29 10,000 contacts 400 leads First Sales products 120 offers 60 clients Objectives Develop standard door-opening yes/ no products that can be sold in 1 meeting Ideas • An innovation audit (7 Days @ 7,5 K) • A business model review (3 levels, but very simple) • 1 more (we are looking for ideas) 12/20/2012
  • 30. 30 10,000 contacts 400 leads Selling together 120 offers 60 clients • Why can McKinsey charge 3 times the rate of a senior independent consultant â–« They sell a brand (we won’t be able to match this) â–« They sell systems and packages (that is something we can do) â–« Most importantly, they sell as a team ď‚– Estimates from a US consulting group… 2 independent consultants selling together can sell for 30% more and close 25% more sales Client meetings with minimum 2 Fast-Bridge Partners!
  • 31. The 3 pillars of Fast Bridge Branding Working Sales together
  • 32. 32 Working together • Getting to know each other / Knowledge sharing â–« 4 events in 2013 â–« A central information platform with presentations, books, research • Systems to encourage working together
  • 33. 33 What would you need to recommend someone else in this room to one of your contacts… time to get to know him/her we want to make this possible… 12/20/2012
  • 34. Active knowledge sharing Frequency Format Deliverables 4 x a year 3 Subjects Monthly Newsletter content Re-usable presentations (for clients) People able to sell the idea Knowledge sharing = visibility
  • 35. 35 Systems to encourage working together • Principles â–« 3 types of partners â–« A 10 % fee on referred sales â–« 2.5 – 5% for partner management â–« A limited fee to Fast Bridge to cover costs 10% 20/12/2012
  • 36. 36 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Getting and Client Management * 10% 10% 10% Managing the client Managing Partner fees 5% 2.5% 0% Fast Bridge 10% 10% 10% Paid to you Doing the work 75% 77.5% 80% Commitments Days per year None +/-5 days +/- 40 days Up-front investment 0 0 5000 Meetings per month 0 1 2-4 Non-compete agreement No No Yes What you get… Events, Knowledge sharing Yes Yes Yes Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 37. 37 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing and placing Managing Partner fees 5% 2.5% 0% freelancers / partners Fast Bridge 10% 10% 10% Doing the work 75% 77.5% 80% Commitments Days per year None +/-5 days +/- 40 days Up-front investment 0 0 5000 Meetings per month 0 1 2-4 Non-compete agreement No No Yes What you get… Events, Knowledge sharing Yes Yes Yes Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 38. 38 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing Partner fees 5% 2.5% 0% To cover marketing Fast Bridge 10% 10% 10% and event costs Doing the work 75% 77.5% 80% Commitments not a profit center Days per year None +/-5 days +/- 40 days Up-front investment 0 0 5000 Meetings per month 0 1 2-4 Non-compete agreement No No Yes What you get… Events, Knowledge sharing Yes Yes Yes Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 39. 39 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing Partner fees 5% 2.5% 0% Fast Bridge 10% 10% 10% Doing the work 75% 77.5% 80% Commitments One project for Days per year None +/-5 days +/- 40 days strategic partners Up-front investment 0 0 5000 Meetings per month 0 1 2-4 Several projects and Non-compete agreement No No Yes partner management for managing partners What you get… Events, Knowledge sharing Yes Yes Yes Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 40. 40 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing Partner fees 5% 2.5% 0% Fast Bridge 10% 10% 10% Doing the work 75% 77.5% 80% Commitments Days per year None +/-5 days +/- 40 days Up-front investment 0 0 5000 Client proposals using Meetings per month 0 1 2-4 Fast Bridge… Non-compete agreement No No Yes What you get… Events, Knowledge sharing Yes Yes Yes Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 41. 41 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing Partner fees 5% 2.5% 0% Fast Bridge 10% 10% 10% Doing the work 75% 77.5% 80% Commitments Days per year None +/-5 days +/- 40 days No restrictions on being Up-front investment 0 0 5000 part of another group Meetings per month 0 1 2-4 or doing work Non-compete agreement No No Yes Independently What you get… For managing partners Events, Knowledge sharing Yes Yes Yes no similar groups Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 Note: FB offers FB Cards , Emails No Yes Yes must be delivered Shares in Fast Bridge No No Yes via FB 12/20/2012
  • 42. 42 Working Together Database Strategic Managing Partner Partner Partner 50 + 15 3-5 Revenue Splits Client Management * 10% 10% 10% Managing Partner fees 5% 2.5% 0% Fast Bridge 10% 10% 10% Doing the work 75% 77.5% 80% Commitments Days per year None +/-5 days +/- 40 days Up-front investment 0 0 5000 Meetings per month 0 1 2-4 Non-compete agreement No No Yes What you get… What you get Events, Knowledge sharing Yes Yes Yes In return Tools to use in client meetings Yes Yes Yes Est. Client meetings / year 1-2 5-10 50 FB Cards , Emails No Yes Yes Shares in Fast Bridge No No Yes 12/20/2012
  • 43. 43 Where is the value for partners • More leads , more sales • Higher close rates on contacts • Business fit to their skills (higher rates) Now With Fast Bridge Good Leads per year 10 120% 12 [A] Close rate 25% 120% 30% [B] Number of clients 2.5 3.6 [C]=[A]*[B] Avg Sale 50000 110% 55000 [D] Margin 80% 88% 70% [E] Profit 100,000 138,600 [C]*[D]*[E] 12/20/2012
  • 44. 44 Summary… 12/20/2012
  • 45. 45 Who is buying from you now ? These are the contacts likely Key to most success You Level 1 Level 2 Level 3 Level 4 Contact Contact Contact Contact Your Friend Alice’s Uncle Bill’s Friend Carol’s Boss Alice Bill Carol David
  • 46. 46 The Facts… • It is typically not your first level contact that eventually hires you - in fact, you’ll probably find that the hiring contact may be 2, 3 or 4 levels deep. • “acquaintances are more likely than close contacts to give individuals direct information and to recommend them for opportunities.” (Mark Granovetter, “The Strength of Weak Ties”) 2 reasons why… Because our close contacts are often looking at the same opportunities There are a lot more acquaintances than close contacts
  • 47. 47 Start-ups (parter 2) Partners Human ICT Resources (partner 1) (partner 3) Fast Bridge Finance Sales & Marketing (Partner 5) (Partner 4) Other Int’l Companies Partners 12/20/2012
  • 48. 48 A rough plan… Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Events Build Dbase Myths of Effective TBD TBD Actions Consult Survey Innovation Consulting Free books Knowledge Innov. audit Knowledge Knowledge Knowledge Event (1) Ready Event (2) Event (3) Event (3) News Myths Lean for TBD Effective TBD TBD TBD TBD TBD TBD TBD TBD Innovation Estb. Companies Consulting TeleMktg Myths Event Myths Event Innovation Innovation TBD TBD TBD TBD TBD TBD TBD TBD TBD Invite Dbase Invite Dbase Audit Audit Social Myths announce TBD TBD Effective TBD TBD Event TBD TBD Event TBD TBD TBD New Lean consulting News Dbase 500 2.000 2.150 2.300 2.450 2.600 2.750 2.900 3.050 3.200 3.350 3.500 3.650 Leads Comm 8 8 8 8 8 8 8 8 8 8 8 8 8 Leads events 15 15 15 15 Leads Tele 5 5 5 5 5 5 5 5 5 5 5 5 5 Leads Partners 15 15 15 15 15 15 15 15 15 15 15 15 15 Total Leads 424 12/20/2012
  • 49. 49 What do we have now • A reasonably good brand idea • A website in English and Chinese • Several databases Belgian KMOs (25K), Top 5000 (2,5K) Equity/VC worldwide (17K) • A survey on consulting ready to send • An agreement sponsored summaries • A few good presentations and lots of content to share • A plan to put things together • A lot of energy and desire 12/20/2012
  • 50. 50 Who would like to be our contact with these organizations … 12/20/2012
  • 51. 51 Where would you like to help ? Business Support Areas of activity Specific organizations 5 Branding 5 Belg KMOs 5 Agence pour L'entreprise 5 Consulting survey 5 Belgian top 500 5 Agentschap Ondernemen 5 Event Management 5 VC private equity 5 Angel me 5 General presentations 5 Start up industry 5 Beangels 5 Int'l partnerships 5 5 Beta Groups 5 Knowledge sharing 5 5 Business angels netwokr 5 Newsletters 5 5 Europe Unlimited 5 PR 5 Iminds 5 Resource pages Countries 5 Iminds 5 SEA 5 Brazil 5 Leuven Alumni 5 SEO 5 Canada 5 Microsoft innovation 5 Social media mktg 5 China 5 PMV 5 Telesales 5 Japan 5 Solvay Alumni 5 5 Turkey 5 Unizo 5 5 UK 5 Vlerick Alumni 5 5 USA 5 5 5 First sales products 5 5 5 Innovation audit 5 5 5 Business model seminar 5 5 5 5 5 5 12/20/2012
  • 52. 52 The magic of working together How…. Good Examples 1. Choose something you’re 1. Promoting Fast Bridge with interested in Turkish companies 2. Look for a way to leverage the 2. Joint presentations/research Fast Bridge Network sent to the Fast Bridge News 3. Do it in a way you benefit list 3. Building a new product “the innovation audit” The Secret sauce is very simple… It is about mutual self-interest… That’s OK (and sustainable) 12/20/2012
  • 53. 53 Summary … Branding Working together we are Stronger than working apart Selling your services like you would if you had the time, and energy… Working Sales together 12/20/2012
  • 54. 54 1 + 1 + 1 + 1 = Beauty 1 + 1 + 1 + 0 = Failure
  • 55. 55 Moving forwards… 1,2,3 1… Are you interested… if yes, type of partner 2… How would you like to work together.. Write down a few ideas… 3… One to one talks to coordinate efforts and confirm agreements (strategic partners agreed after 1 joint working experience) GO… 12/20/2012
  • 56. 56 A practical example… • We met 2 people interested in innovation 29/11 • Both agreed to be strategic partners • Now we are working on the following â–« A newsletter early Jan â–« An event late Jan â–« An first sales product “an innovation audit” • Targets â–« Build image of Fast Bridge â–« 10 audit sales, 3 large projects 12/20/2012
  • 57. 57 According to Baron Vlerick “You can wait for things to happen or make things happen...” We’d like you to help us make things happen… 12/20/2012
  • 58. 58 Shares for partners A hypothetical example Investments to date 50000 New investments (all partners) Your investments Partner constributions 5000 5 25,000 Partner constributions 5000 1 5,000 Partner days 750 200 150,000 Partner days 750 22 16,500 Turnover (2013) 1200000 0.2 240,000 Turnover (2013) 110000 0.2 22,000 Total 465,000 Total 43,500 Your share of Fast Bridge Shares 9.4% Thanks for your attention 12/20/2012
  • 59. The logic of the position A “C” level message It is also • They know everything is based • Focused on people • Polarizing (some people will • They will like the “Lean and hate it and that is good) results ” focus • Defendable • Coherent
  • 60. 60 10,000 contacts 400 leads What makes us different? 120 offers 60 clients Benefit Reason why Bain Strategy Focus on results Accenture Change Focus on value creation Deloitte Thought Leadership Focus on models Mckinsey Strategy Focus on models Ideo Business Idea generation Focus on Innovation and growth Eureka Wealth and portfolio management Focus on finance Fast Bridge Strategic analysis Problem Detection Practical business solutions Focus on implementation Speed Lean… development We bridge the gap between theory an implementation