Building a Great Agency in Today’s Competitive Market Leadership Secrets of the Most Successful Agency CEOs The Rosenberg Group Inc. [email protected] 480-538-1613 The Rosenberg Group Inc. • My background – 30 years in the agency business – Large, mid-size, small agency background – President and CEO of C&W for 8 years – Two years as a recruiter – Started my own agency – Rediscovered my vision The Rosenberg Group Inc. • Advise/coach owners and top management of small to mid-size PR firms on how to build a better firm – – – – – – – Strategic planning Business development Visioning Client feedback Account reviews Mergers and acquisitions Exit strategies The Rosenberg Group Inc. • Coach senior managers on becoming better account leaders • Coach individuals who are ready to get to the next level • Write and speak about agency leadership and management Hallmarks of Great Firms • • • • • Outstanding leadership Great people A coaching culture Great clients Results that exceed expectations Outstanding Leadership • It starts with you – “If you’re not part of the problem there is no solution” – Embrace the process of change – What do you need to change about yourself? – Look at your own attitudes, habits and beliefs Change Can Be a Burden Change Can Also Be a Source of New Thinking and New Ideas Your World Has Changed – Where Are You Today? • Still running your business the same way? • Still trying to motivate your employees the same way? • Rethinking whether the agency business is really for you? • Tired of overselling and over-promising? • Re-evaluating your personal needs? Where Do You Want To Be? The Mark of a Great Agency Leader: Clarity of Vision • • • • The foundation of a great firm The way to attract clients and staff A reason why people stay – or go. Becomes a filter for all aspects of your business • Visions help you move from fear-based thinking to possibility thinking In the Beginning … • You had a vision • You spoke about that vision to everyone you met • You hired your first employee or found a partner because of that vision So What Happened to the Vision? • For many it’s long gone • Today’s “vision” is – Win more business – Keep the business I have – Find top talent – Keep the talent I have – Stay “alive” So What is a Vision? “… a short, succinct statement of what the organization intends to become and to achieve at some point in the future, often stated in competitive terms.” “… a mental image of the possible and desirable future state of the organization.” So What is a Vision? “It is almost a philosophy for the company to live by… something complete and against which you can hold up all major business decisions. ” “… a statement of possibility that defines the primary strategic goal of the organization.” Visioning Starts with Commitment • “I’ll do it” not “I’ll try” • Make the visioning process as important as winning the next piece of business • Understand that without a vision you’re traveling to an unknown destination without a roadmap – and does that make any sense? Outstanding Leadership • Create standards of excellence – Make them non-negotiable – Live them yourself – Improves performance and professionalism • Commit to being great – Make it your personal goal – Take courses, read books, hire a coach – Abhor the status quo – Great leaders build great agencies Great People • Hire stars – Self-motivated – Drive excellence – Attract great clients – The alternative is “average” • Overhaul the performance review process – Orient towards career development – Make it ongoing Great People • If recruiting is problem #1 then retention is #2 • Great people need a great environment • Assess your firm • Commit to making your firm a great place to work Create a Coaching Culture • Sincere desire to help • Managers who “get it” – Understand their role as coach – Build relationships based on empathy and support – Earn the right to be listened to • Prizes the individual but rewards the team • Coaching starts at the top Great Clients • • • • • • • Made not born Decide what makes great client Replace bad clients Meet with client CEOs twice a year Find your “ideal” clients Commit to marketing your firm Establish your POV and make it real Results that Exceed Client Expectations • Really invest in your client’s business – Value-added services at no cost! • Agree on expectations and commit to paper – Consider client report cards • • • • Make account reviews SOP Conduct third-party client interviews Commit to written plans for each client Establish client development function Start Planning Your Exit Strategy – Now! • You’ve only got two choices – Sell or fold – What will they want to buy? – When will you be ready? – What do you need to do now? Hallmarks of Great Firms • • • • • Outstanding leadership Great people A coaching culture Great clients Results that exceed expectations The Rosenberg Group Inc. 11778 E. Mariposa Grande Dr. Scottsdale, AZ 480-993-9275 [email protected]
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