If you’re having fun doing New Business development you’re probably not doing it right. Take a tough cookie, soak it in vinegar and then bake it at 220 degrees for a further 17 hours. THAT’s how tough a cookie cold channel biz dev is.

Probably the biggest ‘killer’ of effective New Business is inactivity. I know that’s like saying “the fastest way to not make bread is to not make bread” but you’d be amazed how many people do ALL the prep but put off actually doing any of the work (primarily because they know it’s a lot of “NO”s just waiting to happen).

Though I’m not generally a massive user of mnemonics and acronyms, I heard something recently that I quite liked called the “Triple A” rule. Assessment, Assembly, Action.

Whatever the task (in our case, some business development) start by assessing what you already have and what you’ll face (otherwise known as “the problem”). For us, we might already have a small list of prospects, and what we’ll face are the companies on that list who likely don’t want to be sold anything today.

Next we plan with those variables in mind, augmenting what we already have by adding what we need. Assemble the ‘things’ we need - the assets, the data, the people, the objection-handling responses, etc.

And finally (and MOST importantly) you then take ACTION.

It sounds like common sense, but I can assure you there are fleets of people as we speak NOT doing anything despite having assessed the situation and assembled what they need.

The sooner you get on with it, the sooner things will happen. And the sooner things happen, the better you’ll do.

Happy hunting.

EPILOGUE:

1) Meatloaf was wrong (two out of three IS bad)

2) Funny how you can’t think of the word ASSEMBLE without picturing Captain America, isn’t it?

3) I got the “Triple A” rule from a PlayStation game. I knew they wouldn’t rot my brain (mum).