Episode Transcript
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0:00
Welcome to
0:00
rainmakers. I'm Carl Grant. And
0:08
let me tell you a little bit
0:08
about what rainmakers is, if
0:11
this is the first podcast you're
0:11
listening to of our series, this
0:14
is a podcast about business
0:14
development. When I started out
0:18
in business development, nobody
0:18
was there to teach me how to do
0:21
what I do today. And so I want
0:21
to give back and teach others
0:25
how this is done. But not just
0:25
for me, I want to talk to the
0:28
best of the best. And today I
0:28
have mobinil I knew I was gonna
0:33
not spit that out. Right, Bo,
0:33
Mo. But Mo was referred to me by
0:38
Tyler Sweat and other guests of
0:38
mine who said that he received
0:42
most training, and he said that
0:42
it was some of the best in the
0:45
world. Now, moe is CEO of Bonell
0:45
Idea Group. He is the author of
0:49
the snowball system. And he's a
0:49
host of his own podcast called
0:53
real relationships, real
0:53
revenue. Welcome out.
0:57
Hey, Carl, thanks
0:57
for having me. I'm excited about
1:00
the chat today.
1:01
Absolutely. I was
1:01
reading through your bio and
1:03
listening to some of your book
1:03
and your podcast. And you didn't
1:07
start out as a business
1:07
development guru. You started
1:10
out as an actuarial analyst. How
1:10
in the world did you go from
1:14
doing that to figuring out that
1:14
this was your calling in life?
1:17
Well, I'm laughing.
1:17
I don't know that I've shared
1:19
this with many people. But I can
1:19
remember being a junior or
1:23
senior in college, the school I
1:23
went to actually had an
1:26
actuarial science program. So I
1:26
was getting a major to be an
1:29
actuary major in actuarial
1:29
science. And most of the guys in
1:32
my fraternity, were going on to
1:32
be salespeople. And one of those
1:36
guys was walking as walking down
1:36
the road. And he said, Hey, Mo,
1:39
what your you've been voted best
1:39
rusher, you know, for three
1:42
years in a row or something like
1:42
that, basically, like sales in
1:45
the fraternity world, if you
1:45
will, in college, it was the
1:48
rush the rush chairman.
1:50
Wait, go ahead. Were you the rush chairman?
1:52
No, but I was I was
1:52
the guy that people would put me
1:55
in a corner with somebody that
1:55
was a high potential. So they
1:59
voted best rusher. Right. And I
1:59
got it, I think three years in a
2:03
row or something like that.
2:04
That's when I was
2:04
rushed, chairman for two years.
2:06
And we're both in delta delta in
2:06
in college. So we should bring
2:11
that out.
2:11
I love it, man. And
2:11
when we saw that I was just
2:14
grinning ear to ear because I've
2:14
been went to your school as a
2:16
chapter leadership consultant
2:16
for the fraternity.
2:19
So right. So you did
2:19
that after being an actuarial
2:21
and, and so but at what point it
2:21
what juncture in your life, did
2:25
you realize I'm really good at
2:25
this, I'm going to teach others.
2:29
Ah, well, I was
2:29
rising up through the ranks at
2:32
HR consulting firm, and I really
2:32
fell in love with not just doing
2:37
business development, because
2:37
after I had a system after it
2:40
sort of cobbled to science and
2:40
steps together a little bit,
2:42
nothing like we have now but it
2:42
was working at the time, 20
2:45
years ago. And I fell in love
2:45
with not just the BD part, but
2:49
the teaching of others. And
2:49
Carl, that's when I really
2:53
realized this is the thing I
2:53
want to do the rest of my life.
2:56
I talk a little bit
2:56
about the snowball system,
2:58
you've developed a methodology
2:58
for doing this and high level,
3:02
what is that?
3:03
Yeah, so what we
3:03
wanted is we wanted to have a
3:06
comprehensive system for
3:06
business development, literally,
3:09
I wanted somebody to be able to
3:09
grab that book, go through our
3:12
trading or grab the snowball
3:12
system and say this has every
3:16
single thing I need to be
3:16
successful. So it's over 92,000
3:20
words about double the size of a
3:20
normal business word book, in
3:23
it's got 30 or 40 different of
3:23
the most important scientific
3:27
citations. So what we try to do
3:27
in snowball system is give
3:30
somebody a comprehensive system
3:30
that's based on science, and
3:34
that this is the most important
3:34
part that is authentic. It's all
3:38
about helping other people. It's
3:38
about always doing the right
3:41
things for your clients and
3:41
prospects, just done in a
3:43
proactive way that happens to
3:43
grow your relationships and your
3:46
book of business.
3:47
And you have a bunch
3:47
of worksheets, I haven't pulled
3:50
those down yet, but it seems
3:50
really comprehensive. Talk a
3:53
little bit about the worksheets
3:53
and the need for those types of
3:56
things.
3:57
Yeah, so what we
3:57
find with business development
3:59
is it's complicated enough, you
3:59
just can't use metaphors all the
4:02
time and say it's like this, or
4:02
just treat the client right or
4:05
go to dinners, you know, you
4:05
need to think through it in
4:08
detail a little bit more. So
4:08
what we try to do with over 20
4:12
worksheets that accompany the
4:12
book is if somebody gets the
4:15
snowball system, and let's say
4:15
they're giving a speech, but
4:17
they want to, they're not doing
4:17
it for fun. They want to do it
4:20
in a way that generates new
4:20
potential clients. Well, there's
4:24
various steps to that. If
4:24
somebody asks for a referral,
4:26
there's four steps to that. If
4:26
somebody is offering their
4:30
content on their dime, to try to
4:30
try to woo a client help them
4:34
but also create interest or
4:34
create demand for their
4:36
services, their steps for that.
4:36
So what all the worksheets do is
4:40
they take every piece of the
4:40
business development system and
4:44
break it down into steps just
4:44
like any normal project would be
4:48
broken down into steps.
4:49
And some of those
4:49
initial steps that I caught this
4:52
morning listening to some of the
4:52
chapters were rituals and
4:55
rewards. Talk to us about those.
4:58
Well, it's super
4:58
important Carl, I know you You
5:00
believe in this to the the thing
5:00
about behavioral science and
5:03
habits that's an interesting is
5:03
we tend to do things that we get
5:07
immediate gratification for. And
5:07
I think the reason business
5:10
development is so hard for
5:10
people is man, you can work for
5:14
years, trying to stay in touch,
5:14
stay top of mind add value be
5:18
helpful to a prospect, and you
5:18
don't hear anything back or they
5:22
haven't been able to hire you
5:22
yet, or whatever. But you've got
5:25
to stick with it. So what we do
5:25
is in this, this is actually
5:28
throughout and especially near
5:28
the end of snowball system,
5:32
where we teach the very specific
5:32
ways to sort of hack your own
5:35
habits. So you can pull back,
5:35
focus on the things you can
5:38
control and reward yourself for
5:38
those. And if you continue to do
5:42
the right things week, over
5:42
week, we have various ways to
5:45
sort of hack your own habits.
5:45
But if you keep doing those
5:47
things, week, after week, you
5:47
will end up bringing in work.
5:50
But you've got to do that.
5:50
Because if you're waiting for
5:52
the universe to tell you You did
5:52
a good thing, you're just not
5:55
going to get it in this in the
5:55
world of business development.
5:58
And what are your
5:58
top few habits?
6:01
Gosh, probably the
6:01
biggest one that our clients
6:03
app, absolutely love is what we
6:03
call an MIT process. MIT, which
6:08
is a little code word we use,
6:08
that means most important
6:11
things. And the simplest way to
6:11
do it is to pick 15 minutes,
6:15
once a week, I'm a four o'clock
6:15
on Friday, eastern time kind of
6:19
guy, but other people choose
6:19
Saturday morning, Sunday night,
6:21
you know, Monday afternoon,
6:21
whatever, but you pick 15
6:24
minutes once a week, and you
6:24
pick three things that you want
6:28
to accomplish next week that are
6:28
specifically around bringing it
6:33
you know, they're gonna make a
6:33
big difference that are in your
6:36
control. And they're growth
6:36
oriented big, they're going to
6:38
make a big impact. They're in
6:38
your control. They're growth
6:40
oriented. So you pick three
6:40
things once a week. And then you
6:44
measure if you do those three
6:44
proactive, helpful things every
6:47
week, you do three weeks, it's
6:47
about 150 a year 1500 over a
6:50
decade. And that adds up and
6:50
builds momentum over time.
6:54
Now the snowball
6:54
system, when I when I saw that
6:57
title, I was thinking of my life
6:57
as head of business development
7:01
for a law firm. So I've been out
7:01
doing habits, I guess I didn't
7:05
think of him in these terms, but
7:05
doing these things that you talk
7:08
about in your book over, you
7:08
know, 20 plus years. And what's
7:13
happened is my network is is
7:13
really snowballed. I mean I it
7:17
if I could just get through my
7:17
emails in a day, there's there's
7:20
gold in my, in my emails, right?
7:20
And so it's like it's snowballed
7:24
over the years. And now it's
7:24
almost out of control.
7:28
Yeah, and that's
7:28
because you've, you've built
7:30
that momentum. There's a bunch
7:30
of research on psychological
7:34
momentum, Dr. Sipo. So he saw a
7:34
whole is probably the most my
7:37
favorite, he study sports
7:37
psychology, and we can apply his
7:41
learnings to business
7:41
development, there's a lot of
7:43
similarities in the super quick
7:43
version that you're now reaping
7:47
the benefits of Carl, is that if
7:47
what a lot of people do is
7:50
they'll set really big lofty
7:50
goals, like I'm gonna go run a
7:53
marathon and they got the first
7:53
weekend and try to run 10 miles
7:56
Well, they end up really sore
7:56
and they quit. But what doctor
8:00
so hola finds is that actually
8:00
setting your initial goals very
8:04
small, but doing them
8:04
consistently over time. And then
8:08
as you build that skill, you're
8:08
able to handle more of a load to
8:11
your point now where the leads
8:11
in the business comes in and
8:14
just drops in your lap. Because
8:14
you've had the right habits for
8:17
so long, you've been focused on
8:17
helping others you've been
8:20
proactive. So that's sort of the
8:20
end game for folks. But how they
8:24
get started just doing three
8:24
simple things a week, but never
8:27
missing a week.
8:28
Now, when you were
8:28
starting out in setting goals,
8:31
give us an idea of some of the
8:31
types of goals you've set for
8:34
yourself, what are those look like?
8:37
You know, I can
8:37
remember one specific time I
8:39
flew to Denver to meet a client
8:39
and I flew back, we had a we had
8:45
meetings all day, you know,
8:45
breakfast and throughout the
8:47
organization, things like that
8:47
it was a CHRO of a big
8:50
organization that we called on.
8:50
This is back when I worked at
8:53
the big HR consulting firm, in
8:53
my goal was to come back from
8:57
that meeting with so many
8:57
things. To do that it would fill
9:01
up my entire flight back from
9:01
Denver to Atlanta, and
9:04
accomplish that I was typing the
9:04
entire time long email that was
9:09
about introducing our head of
9:09
talent to her to his he was
9:12
willing to do something on his
9:12
dime in a way that would be
9:14
helpful her and and to do this
9:14
to set up an HR strategy project
9:18
that we were going to do our
9:18
dime on our dime to to help her
9:21
move forward. Almost everything
9:21
in that email was on our dime.
9:25
But it pulled in almost every
9:25
single practice area we had at
9:29
the firm, which is a billion
9:29
dollar consulting firm at the
9:32
time. So it was literally dozens
9:32
of introductions I was making to
9:36
help her accomplish her goal and
9:36
introduce her to some of the
9:39
best talent that we had all over
9:39
the world. And I can remember
9:42
sending that off. And somebody
9:42
replying. It was on the you
9:46
know, one of the people involved
9:46
and said this is exactly what
9:48
folks should be doing in this
9:48
role. I was 100% focused on
9:52
helping her and I wanted to do
9:52
it so much. I'd be busy for an
9:56
entire three hours typing it all
9:56
up, and I and that turned turned
10:00
into just millions and millions
10:00
of dollars of consulting work.
10:03
But it wasn't focused on selling
10:03
it was focused on helping. Carl,
10:07
is that where you were going?
10:08
Absolutely! that's
10:08
my whole focus to doing this is
10:12
I never sell, I'm always I'm
10:12
always helping. Sometimes I have
10:15
to remind people what I do sell,
10:15
so that they don't take
10:20
advantage of me, but, but that's
10:20
my whole focus. So another thing
10:25
that you talked about early on
10:25
in your book is prioritizing
10:28
relationships. And so when I,
10:28
when I first started listening
10:32
to that part, I was thinking
10:32
about early on in my Business
10:36
Development Career, I was at
10:36
Price Waterhouse Coopers and I
10:39
was burning the midnight oil, I
10:39
would, you know, do events late
10:42
at night, and I didn't, I hadn't
10:42
figured out how to organize my
10:46
life. I was doing emails in the
10:46
middle of the night, and I was
10:49
30 in the
10:49
morning, breakfast the next
10:51
morning, and I realized this is
10:51
not sustainable. And, and so I
10:55
figured out that there were like
10:55
four other people in the
10:58
marketplace, that four or five,
10:58
that if I just got on the phone
11:01
with them each week, and shared,
11:01
shared leads with them. I never
11:06
had to leave my office. But
11:06
those are the types of
11:08
relationships you're talking
11:08
about, or is it different?
11:11
No, you nailed it.
11:11
It's almost like a lot of people
11:14
feel like just the more people
11:14
that keep up with the better.
11:17
But the problem with that is it
11:17
doesn't allow any depth for the
11:20
most important people. So we can
11:20
tie back to our our adult
11:23
fraternity days if you if you
11:23
won. If you're a top 10 chapter
11:27
in the country, there was an
11:27
award called the Hugh Shields
11:30
Award. And there was one word on
11:30
it other than our Greek letters,
11:33
and it was protomous. And I
11:33
worked really hard as a as a
11:38
chapter president to win that
11:38
award. When when I was in school
11:41
right around the time you were
11:41
in that protomous word is Greek
11:44
it means First Among Equals,
11:44
it's going to tie back to the
11:47
relationship idea. So one of the
11:47
tools in the snowball system is
11:51
called a protomous list, who are
11:51
your first among equals when it
11:54
comes to relationships, and what
11:54
we find in our, in our practice
11:58
of now we trained over 15,000
11:58
people that for most folks,
12:02
having eight or 10 relationships
12:02
that are your a number one
12:06
relationships that you're going
12:06
to make sure you proactively
12:09
help them at least like once a
12:09
month, and you're going to have
12:13
an outreach to them, you're
12:13
going to do something helpful,
12:15
you're going to personalize it, you're going to make it all about them. If you focus on
12:17
eight or 10 relationships, for
12:21
most professionals, that's
12:21
enough to just blow the doors
12:24
off their book of business. And
12:24
it's to your point, it's far
12:27
superior to go deep with the the
12:27
ones that are going to have the
12:32
biggest impact than just try to
12:32
react to everybody who comes to
12:36
you. If that makes sense.
12:39
No, it does. Most of
12:39
my time is I'm in reactive mode.
12:43
Fortunately, they're all good,
12:43
good. You know, it's no longer
12:47
have the five a relationships,
12:47
I've got, you know, hundreds of
12:50
them. But it's hard to it's hard
12:50
to manage at this stage.
12:53
So to point out
12:53
something there. That's because
12:56
you're you're now achieving at
12:56
such a high level. In a lot of
13:00
times when people start out they
13:00
think oh, I should do what Carl
13:02
does he you know, he keeps in
13:02
touch with all these people.
13:05
That's not the place to start,
13:05
we want to start with eight or
13:07
10 really, really great ones.
13:07
And people that could really
13:11
bring a lot of business your way
13:11
whether they do business with
13:13
you now. And then as you do that
13:13
over time, you start to get to
13:17
the point where you are now.
13:18
Yeah, it's
13:18
unpredictable, where the next
13:20
big clients gonna come from, I
13:20
found them coming from the
13:23
strangest of places or places I
13:23
don't expect them to come from
13:27
just because I've managed to
13:27
stay loosely in touch with
13:30
somebody. I don't I mean, this
13:30
is not this is not these are not
13:33
people I have lunch with, you
13:33
know, every month. These are
13:35
people I you know, can I connect
13:35
with on LinkedIn, and I may, you
13:40
know, wish them good wishes and
13:40
get a new job or have a birthday
13:44
or something like that.
13:45
Yeah
13:46
Yep. So So another
13:46
thing you talk about is target
13:48
lists. What is the importance of
13:48
target lists? And how does that
13:51
work?
13:52
Yeah, the key here
13:52
is that a lot of professionals
13:54
don't, I was just I was just
13:54
doing a session last week on
13:58
this, but a lot of professionals
13:58
don't get really clear on who
14:01
they're for. And then that puts
14:01
them in reactive mode. So if
14:06
you're a lawyer, and you really
14:06
focused on big pharma companies,
14:09
because you've you filed
14:09
patents, you're a chemical
14:11
engineer, and a JD and all these
14:11
other things. Well, there's
14:15
there's some specific
14:15
organizations that if you got in
14:18
there, I could just keep you
14:18
busy for decades. And having a
14:21
real defined list typically
14:21
three things that define your
14:25
perfect client. And writing
14:25
those down usually takes about
14:29
30 minutes. If you read snowball
14:29
system, there's a specific
14:32
process to arrive at these
14:32
three, three things. But you
14:36
want to get a really clear list
14:36
of the determinants or the sort
14:39
of the things that correlate to
14:39
your perfect clientele. Once you
14:43
know that you can steer
14:43
everything to meet those people,
14:47
your LinkedIn updates, you're
14:47
engaging online content,
14:50
content, you're the speech that
14:50
you're going to give it the HLA
14:54
conference, you know, virtually
14:54
or whatever. But once you're
14:57
clear on who you're for, then
14:57
you can get clear On what
15:01
content you create in for whom?
15:01
And how do you get in front of
15:04
the right people, and then
15:04
everything's aligned. And what a
15:07
lot of professionals do is
15:07
almost the opposite. They just
15:10
do stuff and hope that the right
15:10
people will see them. But the
15:13
problem with that is that people
15:13
see, it might be more, they
15:16
might view your work more as a
15:16
commodity, it's not the meaty
15:19
stuff you really want to do. And
15:19
a lot of times, there's a lot of
15:22
effort without a lot of return.
15:24
Alright, so up till now, we've been kind of down in the weeds with with how this
15:25
stuff works. And that's great
15:28
for the person who's out in the
15:28
marketplace already. And doing
15:31
it. But I mentioned to you
15:31
before we got on the on the
15:34
recording, there are some
15:34
students that listen to this
15:36
podcast, college students, even
15:36
high school students, and what
15:40
would you besides reading your
15:40
book and listening to your
15:42
podcast and maybe taking one of
15:42
your courses? What are some
15:44
things they could be doing to
15:44
prepare themselves to be able to
15:47
do what you've done?
15:49
Oh, that's awesome.
15:49
Well, you know, I'll give a
15:51
little free thing that people
15:51
can do, it's even cheaper than
15:54
the book because it doesn't cost
15:54
anything. And it's a there's a
15:59
free course we've got called BB
15:59
habits calm. So if people go to
16:03
beat V for business, and D for
16:03
development, so BD habits calm.
16:06
If people go there with a
16:06
student, a high stakes,
16:09
litigator, anybody in between,
16:09
there's a little series of
16:13
videos that accompany that, that
16:13
course. And it takes a couple
16:17
hours to go through the content,
16:17
it's got free worksheets, it's
16:21
got me giving the How to the
16:21
focus on this, avoid that kind
16:25
of pro level tips. In to your
16:25
point, Carl, somebody that's a
16:29
student, they don't have a lot
16:29
of cash, you know, their drink,
16:32
they're eating ramen noodles
16:32
every night, they can go out to
16:35
that bat habits calm course. And
16:35
it is really phenomenal, we
16:38
packed a lot of value into it,
16:38
and they would be able to get a
16:41
really good way to start
16:41
focusing on the things that they
16:45
want to accomplish. It's called
16:45
those opportunities, they get
16:48
really clear on who their
16:48
protocol list is, who are the
16:50
relationships that that they
16:50
really want to invest in. And
16:54
then the major part of it is
16:54
then lining the habits behind
16:58
that. So you're always focused
16:58
on proactively building the life
17:01
you want. And those kind of
17:01
things are every bit as true for
17:05
somebody that's a junior in
17:05
college as they are for a high
17:08
stakes senior partner litigator
17:08
that's trying to build his or
17:11
her book of business.
17:12
Well, thanks, Mo. That's a great takeaway. And I thank you for joining me today
17:14
on Rainmakers. It's Mo Bunnell,
17:18
CEO of the bundle idea group and
17:18
author of this Snowball System.
17:22
Thank you.
17:23
Thanks, Carl.
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