Tuesday, May 25, 2010

Keys to sustainable arts-based community and economic development

Our companion publication, NJ ArtiFacts, has a three-part series on the keys to sustainable arts-based planning and development.  These keys are: Branding, collaboration and regional marketing.  While written for a New Jersey audience, the tips here can help any planner or community or economic development professional who wants to promote the arts in any community.

The first two installments of the series are available now.  This posting will be revised when the final installment is published.

Read Three Keys to Sustainable Arts-Based Community and Economic Development

Part 1 -- Branding
Part 2-- Collaboration


The Professional Development Institute offers a number of courses to help you build your skills in cultural community and economic development.  Please visit PDI's  Bloustein Online Continuing Education Program to learn more about upcoming courses.

Thursday, May 13, 2010

A business model for the 21st century planning, engineering or design firm

The recent demise of one of New Jersey's largest engineering and planning firms,  CMX (formerly Schoor-DePalma), has made us think about what could be a winning model for private sector land use firms in the 21st century.

In the 20th century, such firms could rely largely on the expertise and relationships of influential professionals (such as Olmsted, Bartholomew and Schoor).  As the firms grew, more work would be farmed out to junior and mid-level associates in a central office, who generate the greatest revenue margins in the private sector.  Bigger firms could better afford the hardware and manage the human resources to become sources of expertise for their clients. With the reduction of travel costs and the growth of the Internet, bigger firms could afford to have more branch offices to compete against smaller local firms.

Here's why the 20th century business model won't work as well in the upcoming decades:


  • Information technology. As more information gets digitized, and there is more bandwidth to distribute it, there is less need to keep it in any central location -- especially not in high-rent locations like New York City or San Francisco.   Videoconferencing and cloud software (such as Google and Zoho applications) allow professionals to collaborate from anywhere they can get an Internet connection.

  • Diversity.  Olmsted, Bartholomew, Schoor and others were almost always building business relationships with other white men like themselves. They could build connections in the Rotary Club meetings and golf courses, then close the deals in the conference rooms.  In the 21st century, more decision-makers are going to be women and people of color.  (And not just in the cities.  American suburbs are becoming more diverse.)  It's easier to work with people who are like yourself, and so large planning, engineering and design firms tend to go from lighter to darker, and from more male to female, as you move down their organization charts.  Decisionmakers who are women or ethnic minorities are going to wonder how well your firm can serve their communities if your staff look like the people who used to live in those communities. 

    (By the way, you know that technique of tossing 5% of the work to a women-owned or minority-owned business, then showing up with someone from that firm at the interview to show the diversity of your team?  Yea, decision-makers will catch on to that soon.)
  So what might the successful 21st century American business model be?

  • It may be based anywhere in the United States, but its technical and analytical work will be done in India, China or other countries with large numbers of English-speaking professionals and lower wages than in the United States.  Teams will collaborate by videoconference and large files will be sent through the Internet.  Anything you can do from your desktop in the United States can be done by someone else anywhere in the world -- for less money.  

  • Branch offices in the United States will be boutique offices.  They will have a small number of staff -- mostly people who are good at getting contracts that can be managed somewhere else -- and be in locations that clients will enjoy visiting.  (Hint: Nobody wants to visit an exurban office park.)  Because information is so cheap to get and hold, more professionals will look the same to clients.  Building personal relationships with a wide variety of people will be more important than ever.

  • It will be more diverse and culturally competent.  No, no, no -- it's not that clients want to hire only those people who look like themselves.  Clients will know that everyone who pitches to them has the same basic level of expertise. Contracts will be given not for being smart, but for being able to understand the concerns of the client at a deep level. 

  • It may not even be a single firm, but a consortium of boutique businesses sharing resources. Why carry the overhead of full-time staff when you can have friends in the business who are on-call? (By the way, this is happening now, and it is a threat to mid-sized firms.)
If you are a professional in the United States with at least 20 more years left in your career, you should build skills in business development, cultural competency, team building and leadership.  Even if there is more demand for planning, there may not be much more demand for mere technicians in the United States.



If you want to learn business development skills, try the upcoming BOCEP Deep Learning course Business Development for Planners, from May 26 to July 3, 2010.

Thursday, May 6, 2010

Tips for new and soon-to-be solo practitioner consultants

By Gary Minkoff, guest contributor

The Professional Development Institute and The Leading Institute recently hosted a learning event for planners and landscape architects who want to build free agent consulting practices.  The speakers/coaches included successful solo practitioners who are also instructors in the Bloustein Online Continuing Education Program. 

Speaker/coach Gary Minkoff, Principal of Above Beyond Marketing in Highland Park, New Jersey, generously shared his tips for publication in PDI Advisor.   Gary has more than 25 years of professional experience, including over 15 years in consulting.  In BOCEP, he teaches Managing Green Politics.

Gary’s suggestions are responses to questions prepared for “Planning to Go Out on Your Own? Building a Successful Solo Consulting Practice,” held April 28, 2010 at Rutgers University.

*Some people do well as consultants, while others flounder. How do you know if you have what it takes, or have the right set of skills and personality to be a consultant? 

1)    Are you an entrepreneur by choice-or by necessity?
2)    Know your goals and priorities-there’s a difference between self-employment and building a business to create wealth or a legacy.
3)    Are you comfortable networking constantly?
4)    How well known are you-how in touch are you with your reputation?
5)    Do you mind continuous follow-up on everything-proposals, projects, invoices, collections?
6)    How do you like doing a little of everything?
7)    How are your people-and admin—skills?
8)    Do you like to sell or to close?
9)    You need discipline:  Stick to a routine
10)    How are your time management skills?

*In the private sector, you can choose to be part of a consulting firm, try to build your own firm, or choose to be a solo practitioner.  How should you go about making this choice?  What do you need to know about yourself? 

1)    Resilience – Financial (access to working capital and reserves) and emotional (rejection, peaks and valleys as you get clients, lose on bids, etc.)
2)    Risk tolerance – How comfortable are you with the risks of not having a steady flow of income, or not having enough clients (or having too many), or having clients who are litigious or could impact your reputation?
3)    Identification of your strengths and weaknesses.
4)    Consider partnerships to mitigate risk.
*What do you find most challenging about being a solo practitioner?
1)    Balance of admin, billable hours and sales time.
2)    Business development in this environment.
3)    Procurement processes—advantages –minority/women in Supplier. Diversity programs-disadvantages-time/disclosures and documentation for compliance.

*How do you compete against so many other people who have similar skill sets? 

1)    Build relationships.
2)    Provide something unique or provide it in a unique way-know your “unique selling proposition”—or value proposition.
3)    Educate yourself, and your clients to stay on top of new trends/offerings.
4)    Provide outstanding proactive service and make responsiveness to all inquiries and requests your trademark.

*What resources would you recommend for anyone who is starting out or planning to become a solo practitioner?

1)    Consulting for Dummies/Working from home (this second title may be out of print-but anything by Paul and Sarah Edwards is immensely helpful to small/home office businesses).
2)    Understand the different dimensions of risk and mitigate them:
a.    Liability-E&O, GL insurance, contracts, corporate structure or LLC/LLP
b.    Financial-savings  and access to credit lines
c.     Competitive-professional  education, business development
d.    Industry segment-are your target markets growing or shrinking—how large are they?
3)    Professional team-accountant, banker, attorney, insurance agent-and informal advisors on business/professional issues.
4)    Technology mobility—have a functional Laptop/virtual fax and phone/skype/quality color printer-
5)    Kinkos or GBC binding capability; consider Kinkos, Staples or Mimeo if you need high quality printing in quantity and you are on the go
6)    Software for remote collaboration-Adobe Acrobat, Adobe Audition, Google Docs, Adobe Breeze; FTP site if necessary;  Outlook, Google or other enterprise calendar
7)    VOIP/smart phone for email/voicemail forwarding
8)    Fast Company (the magazine). If you do business in New Jersey-keep an eye on NJBiz; in New York or other metro areas, Crains Publishing usually has a publication to keep you  abreast of news and trends
9)    SmartBrief published by the National Federation of Independent Businesses.

Gary Minkoff is the Principal of Above & Beyond Marketing, based in Highland Park, NJ.  You can reach Gary at minkg@aol.com or at 732-777-6892.  Gary is also a member of the Highland Park Borough Council.  You can read more about him at http://www.hpboro.com/index.aspx?NID=204.

LinkWithin

Related Posts Plugin for WordPress, Blogger...