Business Development

Your network isn't a growth strategy... yet

It feels like one for a year or two. Then your pipeline fills with people who have no idea who you are.

Business Development

Your network isn't a growth strategy... yet

It feels like one for a year or two. Then your pipeline fills with people who have no idea who you are.

Business Development

Your network isn't a growth strategy... yet

It feels like one for a year or two. Then your pipeline fills with people who have no idea who you are.

I remember it like it was yesterday... It was August of 2020 and I had just gotten off an initial call with my soon-to-be sales coach, and my head was spinning a bit.

Ok, you got me, I had to actually look up the date, but I do remember the conversation pretty vividly.

He had just told me that whatever I hda gotten used to in terms of sales success was keeping me from scaling to the next level. And he was right. I had launched my agency three years prior, and had seen initial YoY growth of over 100% each of the first two years, but since then growth had completely plateaued. I wasn't having as many introductory conversations, and the ones I was having were closing at a significantly lower rate than before.

He actually wasn't that great of a coach, as it turned out, but he was an incredibly successful sales professional, and I did learn some important lessons from him. One of those lessons, is where I want to start today.

It feels like magic, until it doesn't

When a founder first hangs a shingle, the first clients almost miraculously appear. A couple of calls, a few introductions, and the pipeline fills. One client, two, three. You think: I've made it. This is easy. And depending on the size of your network, that can actually carry you further than many believe. Which actually makes things worse in the long-run. That's how I felt in year three of my agency.

Nobody else could have closed those business deals. You couldn't have handed them off, because the only reason they were going to work with you... was you. And when that changed for me back in 2020, I was lost.

The reality underneath is simple. Those first buyers already knew you, liked you, and trusted you; former colleagues, old clients, friends of the family. You've done the work with them before, so you have a track record, just not as a company. The reputation and the sales capability are indistinguishable from you. And that circle is limited. Even if you've worked thirty years and climbed to the executive level, the number of people who know you well enough for it to work is small.

The further you get from your inner circle, the harder everything gets. More expensive to acquire. Slower to close. Less likely they buy from you instead of someone else.

Where it becomes a ceiling

If you're good, you get out of it. You widen the network, sharpen the positioning, build better service offerings, hire decent people, pull them into the sales process so buyers see they're buying a team. But even then, business development stays fused to the founder.

In the agency I ran, 100% of new business and 90-95% of client expansion came through me. I had to play account manager on those accounts. Client work and pipeline-building competed for the same hours, and when client work won, the pipeline drained.

That's how the feast-and-famine cycle starts. It's also how client concentration starts: under $3M, it's too common for one client to be 35-50% of revenue. The client leaves, the pipeline is dry, and you're either taking money out of your own pocket or letting people go. Then the work slips, another client notices, and you spend two or three years running in place. The ceiling tends to show up around $3M. The positioning, or lack there of, cracks around that same time.

The cost isn't only financial. Your personal success is riding on you. Your team's is, too. It's a lot of pressure. Which is where burnout starts become a real thing.

"It's all about relationships" is not a strategy

Every founder says it: it's all about relationships, and if we build relationships, the referrals will come. At a high level, that's not wrong.

The problem is that it's very rarely operationalized into something that actually functions as a growth strategy. Even when you define the activity, the question remains: is it the most effective activity? How would you know?

Answering that means getting clear on what you stand for, what you want to be known for, how you want to be seen, and what you actually deliver to the market, with the proof and methodology underneath it. And on your ideal client profile (ICP): who are the prospective clients and partners, exactly? Does everyone internally agree? Can you make the right decision when someone outside the ICP comes knocking?

Most firms never answer these questions, because early on they never had to. Positioning was you. You hung a shingle, people came, you did the work, you collected testimonials. Then you get stuck... usually in that $3-5M range, because the positioning work never actually happened. And now the consequences are higher. You have payroll to meet. People's careers and livelihoods in your hands.

From a network to a conversation engine

The good news is most firms already hold much of the raw material: the proof, the methodology. The work is often extracting, synthesizing, and packaging it well enough to tweak the go-to-market and build a system around it. Then mapping and activating the ecosystem.

The shift is from network-driven, "who do we know," to relationship- and ecosystem-driven. You stop asking who's in your contact list and start identifying the specific clients, partners, and centers of influence you need to engage, and building repeatable ways to engage them. You become a resource to your clients, a center of influence in the ecosystem, connected to the other centers of influence.

One-to-one networking can't reach that scale. Two mid-eight-figure firms I worked with, a life sciences firm and an engineering firm, needed more conversations with the right people than referrals alone could supply. I helped each launch a podcast to reach prospective clients and referral partners and establish authority. Over time, they became centers of influence in their markets.

And just in case you don't believe it... here's a testimonial blurb from one of those clients.

"What you've helped us with our podcast is working and allowing us to remain top of mind with our clients and prospects"

- Andy Rogers: Partner and VP of Business Development at Key Tech

Podcasts aren't the answer; executive roundtables and advisory networks work the same way. What they have in common is one-to-many affinity instead of one-to-one effort.

Because a network depends on the person. It's a personality. A conversation engine is a system, and it's rooted in the ecosystem you operate in.

Think of it this way... a founder's network is like a campfire: warm, personal, and it draws people in. But you have to feed it by hand, it only warms the few sitting close, and it dies the moment you stop tending it. A conversation engine is the electrical grid: it lights the whole town, reaches every street, and runs whether or not you're standing at the switch.

Both make light. Only one of them needs you to personally be there all the time to keep the light going.

What's coming next

Turning a founder's network into a relationship-led growth engine: mapping the ecosystem, building affinity at a scale one-to-one networking can't reach, getting business development at least partially off your calendar without losing the relational edge that got you here. That's the work required to scale a firm past $5M.

Over the next week I'll break down how to build it: the ecosystem map, the shift from one-to-one effort to one-to-many affinity, and the difference between founder-led and founder-dependent sales.

If your pipeline still runs through you, you're not alone. Do you have a system that reliably builds relatinships and turns them into business?

Mike Grinberg

I remember it like it was yesterday... It was August of 2020 and I had just gotten off an initial call with my soon-to-be sales coach, and my head was spinning a bit.

Ok, you got me, I had to actually look up the date, but I do remember the conversation pretty vividly.

He had just told me that whatever I hda gotten used to in terms of sales success was keeping me from scaling to the next level. And he was right. I had launched my agency three years prior, and had seen initial YoY growth of over 100% each of the first two years, but since then growth had completely plateaued. I wasn't having as many introductory conversations, and the ones I was having were closing at a significantly lower rate than before.

He actually wasn't that great of a coach, as it turned out, but he was an incredibly successful sales professional, and I did learn some important lessons from him. One of those lessons, is where I want to start today.

It feels like magic, until it doesn't

When a founder first hangs a shingle, the first clients almost miraculously appear. A couple of calls, a few introductions, and the pipeline fills. One client, two, three. You think: I've made it. This is easy. And depending on the size of your network, that can actually carry you further than many believe. Which actually makes things worse in the long-run. That's how I felt in year three of my agency.

Nobody else could have closed those business deals. You couldn't have handed them off, because the only reason they were going to work with you... was you. And when that changed for me back in 2020, I was lost.

The reality underneath is simple. Those first buyers already knew you, liked you, and trusted you; former colleagues, old clients, friends of the family. You've done the work with them before, so you have a track record, just not as a company. The reputation and the sales capability are indistinguishable from you. And that circle is limited. Even if you've worked thirty years and climbed to the executive level, the number of people who know you well enough for it to work is small.

The further you get from your inner circle, the harder everything gets. More expensive to acquire. Slower to close. Less likely they buy from you instead of someone else.

Where it becomes a ceiling

If you're good, you get out of it. You widen the network, sharpen the positioning, build better service offerings, hire decent people, pull them into the sales process so buyers see they're buying a team. But even then, business development stays fused to the founder.

In the agency I ran, 100% of new business and 90-95% of client expansion came through me. I had to play account manager on those accounts. Client work and pipeline-building competed for the same hours, and when client work won, the pipeline drained.

That's how the feast-and-famine cycle starts. It's also how client concentration starts: under $3M, it's too common for one client to be 35-50% of revenue. The client leaves, the pipeline is dry, and you're either taking money out of your own pocket or letting people go. Then the work slips, another client notices, and you spend two or three years running in place. The ceiling tends to show up around $3M. The positioning, or lack there of, cracks around that same time.

The cost isn't only financial. Your personal success is riding on you. Your team's is, too. It's a lot of pressure. Which is where burnout starts become a real thing.

"It's all about relationships" is not a strategy

Every founder says it: it's all about relationships, and if we build relationships, the referrals will come. At a high level, that's not wrong.

The problem is that it's very rarely operationalized into something that actually functions as a growth strategy. Even when you define the activity, the question remains: is it the most effective activity? How would you know?

Answering that means getting clear on what you stand for, what you want to be known for, how you want to be seen, and what you actually deliver to the market, with the proof and methodology underneath it. And on your ideal client profile (ICP): who are the prospective clients and partners, exactly? Does everyone internally agree? Can you make the right decision when someone outside the ICP comes knocking?

Most firms never answer these questions, because early on they never had to. Positioning was you. You hung a shingle, people came, you did the work, you collected testimonials. Then you get stuck... usually in that $3-5M range, because the positioning work never actually happened. And now the consequences are higher. You have payroll to meet. People's careers and livelihoods in your hands.

From a network to a conversation engine

The good news is most firms already hold much of the raw material: the proof, the methodology. The work is often extracting, synthesizing, and packaging it well enough to tweak the go-to-market and build a system around it. Then mapping and activating the ecosystem.

The shift is from network-driven, "who do we know," to relationship- and ecosystem-driven. You stop asking who's in your contact list and start identifying the specific clients, partners, and centers of influence you need to engage, and building repeatable ways to engage them. You become a resource to your clients, a center of influence in the ecosystem, connected to the other centers of influence.

One-to-one networking can't reach that scale. Two mid-eight-figure firms I worked with, a life sciences firm and an engineering firm, needed more conversations with the right people than referrals alone could supply. I helped each launch a podcast to reach prospective clients and referral partners and establish authority. Over time, they became centers of influence in their markets.

And just in case you don't believe it... here's a testimonial blurb from one of those clients.

"What you've helped us with our podcast is working and allowing us to remain top of mind with our clients and prospects"

- Andy Rogers: Partner and VP of Business Development at Key Tech

Podcasts aren't the answer; executive roundtables and advisory networks work the same way. What they have in common is one-to-many affinity instead of one-to-one effort.

Because a network depends on the person. It's a personality. A conversation engine is a system, and it's rooted in the ecosystem you operate in.

Think of it this way... a founder's network is like a campfire: warm, personal, and it draws people in. But you have to feed it by hand, it only warms the few sitting close, and it dies the moment you stop tending it. A conversation engine is the electrical grid: it lights the whole town, reaches every street, and runs whether or not you're standing at the switch.

Both make light. Only one of them needs you to personally be there all the time to keep the light going.

What's coming next

Turning a founder's network into a relationship-led growth engine: mapping the ecosystem, building affinity at a scale one-to-one networking can't reach, getting business development at least partially off your calendar without losing the relational edge that got you here. That's the work required to scale a firm past $5M.

Over the next week I'll break down how to build it: the ecosystem map, the shift from one-to-one effort to one-to-many affinity, and the difference between founder-led and founder-dependent sales.

If your pipeline still runs through you, you're not alone. Do you have a system that reliably builds relatinships and turns them into business?

Mike Grinberg

I remember it like it was yesterday... It was August of 2020 and I had just gotten off an initial call with my soon-to-be sales coach, and my head was spinning a bit.

Ok, you got me, I had to actually look up the date, but I do remember the conversation pretty vividly.

He had just told me that whatever I hda gotten used to in terms of sales success was keeping me from scaling to the next level. And he was right. I had launched my agency three years prior, and had seen initial YoY growth of over 100% each of the first two years, but since then growth had completely plateaued. I wasn't having as many introductory conversations, and the ones I was having were closing at a significantly lower rate than before.

He actually wasn't that great of a coach, as it turned out, but he was an incredibly successful sales professional, and I did learn some important lessons from him. One of those lessons, is where I want to start today.

It feels like magic, until it doesn't

When a founder first hangs a shingle, the first clients almost miraculously appear. A couple of calls, a few introductions, and the pipeline fills. One client, two, three. You think: I've made it. This is easy. And depending on the size of your network, that can actually carry you further than many believe. Which actually makes things worse in the long-run. That's how I felt in year three of my agency.

Nobody else could have closed those business deals. You couldn't have handed them off, because the only reason they were going to work with you... was you. And when that changed for me back in 2020, I was lost.

The reality underneath is simple. Those first buyers already knew you, liked you, and trusted you; former colleagues, old clients, friends of the family. You've done the work with them before, so you have a track record, just not as a company. The reputation and the sales capability are indistinguishable from you. And that circle is limited. Even if you've worked thirty years and climbed to the executive level, the number of people who know you well enough for it to work is small.

The further you get from your inner circle, the harder everything gets. More expensive to acquire. Slower to close. Less likely they buy from you instead of someone else.

Where it becomes a ceiling

If you're good, you get out of it. You widen the network, sharpen the positioning, build better service offerings, hire decent people, pull them into the sales process so buyers see they're buying a team. But even then, business development stays fused to the founder.

In the agency I ran, 100% of new business and 90-95% of client expansion came through me. I had to play account manager on those accounts. Client work and pipeline-building competed for the same hours, and when client work won, the pipeline drained.

That's how the feast-and-famine cycle starts. It's also how client concentration starts: under $3M, it's too common for one client to be 35-50% of revenue. The client leaves, the pipeline is dry, and you're either taking money out of your own pocket or letting people go. Then the work slips, another client notices, and you spend two or three years running in place. The ceiling tends to show up around $3M. The positioning, or lack there of, cracks around that same time.

The cost isn't only financial. Your personal success is riding on you. Your team's is, too. It's a lot of pressure. Which is where burnout starts become a real thing.

"It's all about relationships" is not a strategy

Every founder says it: it's all about relationships, and if we build relationships, the referrals will come. At a high level, that's not wrong.

The problem is that it's very rarely operationalized into something that actually functions as a growth strategy. Even when you define the activity, the question remains: is it the most effective activity? How would you know?

Answering that means getting clear on what you stand for, what you want to be known for, how you want to be seen, and what you actually deliver to the market, with the proof and methodology underneath it. And on your ideal client profile (ICP): who are the prospective clients and partners, exactly? Does everyone internally agree? Can you make the right decision when someone outside the ICP comes knocking?

Most firms never answer these questions, because early on they never had to. Positioning was you. You hung a shingle, people came, you did the work, you collected testimonials. Then you get stuck... usually in that $3-5M range, because the positioning work never actually happened. And now the consequences are higher. You have payroll to meet. People's careers and livelihoods in your hands.

From a network to a conversation engine

The good news is most firms already hold much of the raw material: the proof, the methodology. The work is often extracting, synthesizing, and packaging it well enough to tweak the go-to-market and build a system around it. Then mapping and activating the ecosystem.

The shift is from network-driven, "who do we know," to relationship- and ecosystem-driven. You stop asking who's in your contact list and start identifying the specific clients, partners, and centers of influence you need to engage, and building repeatable ways to engage them. You become a resource to your clients, a center of influence in the ecosystem, connected to the other centers of influence.

One-to-one networking can't reach that scale. Two mid-eight-figure firms I worked with, a life sciences firm and an engineering firm, needed more conversations with the right people than referrals alone could supply. I helped each launch a podcast to reach prospective clients and referral partners and establish authority. Over time, they became centers of influence in their markets.

And just in case you don't believe it... here's a testimonial blurb from one of those clients.

"What you've helped us with our podcast is working and allowing us to remain top of mind with our clients and prospects"

- Andy Rogers: Partner and VP of Business Development at Key Tech

Podcasts aren't the answer; executive roundtables and advisory networks work the same way. What they have in common is one-to-many affinity instead of one-to-one effort.

Because a network depends on the person. It's a personality. A conversation engine is a system, and it's rooted in the ecosystem you operate in.

Think of it this way... a founder's network is like a campfire: warm, personal, and it draws people in. But you have to feed it by hand, it only warms the few sitting close, and it dies the moment you stop tending it. A conversation engine is the electrical grid: it lights the whole town, reaches every street, and runs whether or not you're standing at the switch.

Both make light. Only one of them needs you to personally be there all the time to keep the light going.

What's coming next

Turning a founder's network into a relationship-led growth engine: mapping the ecosystem, building affinity at a scale one-to-one networking can't reach, getting business development at least partially off your calendar without losing the relational edge that got you here. That's the work required to scale a firm past $5M.

Over the next week I'll break down how to build it: the ecosystem map, the shift from one-to-one effort to one-to-many affinity, and the difference between founder-led and founder-dependent sales.

If your pipeline still runs through you, you're not alone. Do you have a system that reliably builds relatinships and turns them into business?

Mike Grinberg