Monday July 8, 2024
Blueprint for Agency Growth
Crispin Manners, a PR agency veteran and author, has developed a blueprint for agencies that aspire to grow.
In this blog, we’ll delve into Crispin Manners’s wisdom. Based on his decades of experience, he offers a compelling “blueprint” for agency growth.
Laying the Foundation: Purposeful Growth and Client Selection
A study by the PR Council found that only 14% of communication agencies felt “very confident” about their financial performance in 2023. This highlights the need for a strategic approach to growth. As Crispin Manners emphasises, the first step is defining your agency’s purpose:
“It is important to have a clear purpose for your agency and only to take on clients that align with that purpose.”
A clearly defined purpose attracts ideal clients, fosters team alignment, and guides decision-making. It’s crucial to move beyond a “cab rank” mentality of accepting any client and instead develop a selective approach.
Building a Growth Engine: Culture, Value Selling, and Avoiding the Hamster Wheel
Once you have a solid foundation, it is time to build the engine for growth. Crispin warns against the dangers of unchecked growth, a sentiment echoed by a Worldcom Public Relations Group report, which states that 63% of agencies struggle with managing growth effectively.
The key lies in balancing ambition with a focus on building a positive work environment. The SCARF model (Safety, Certainty, Autonomy, Relatedness, Fairness) fosters trust and psychological safety within the team. Additionally, prioritising employee well-being helps avoid burnout and fosters a more productive and engaged workforce.
Another crucial aspect is value selling. Many agencies undervalue their expertise and rely on time-based billing. Crispin emphasises the importance of demonstrating the value your agency brings to clients, not just the hours spent. This requires a shift in mindset and the ability to clearly articulate the return on investment (ROI) your services deliver.
Avoiding the Pitfalls: Aligning Growth with Purpose and Succession Planning
While growth is desirable, ensuring it aligns with your agency’s purpose is vital. Crispin describes a cautionary tale from his own experience where unchecked growth led to disconnecting from the agency’s core values. He introduces the Alignment Framework, a tool for ensuring that purpose, people, and process all work in harmony.
Another consideration for long-term success is succession planning. A PwC report suggests that 43% of CEOs plan to retire within the next five years. For agency leaders, developing a clear succession plan ensures a smooth transition and protects the agency’s legacy.
Leading with Energy and Building a Sustainable Future
Leading an agency through growth requires sustained energy and focus. Crispin highlights the importance of “energy management” for leaders. By caring for their well-being, leaders can set the tone for a healthy work environment and make sound decisions for the agency’s future.
Building a Thriving PR Agency: Key Takeaways
Crispin Manners’ insights offer a valuable roadmap for PR agencies seeking to navigate the complexities of growth. Here are the key takeaways to remember:
- Define your agency’s purpose and use it to guide client selection and decision-making.
- Build a positive work culture based on trust, psychological safety, and employee well-being.
- Shift from time-based billing to value selling. Focus on demonstrating the ROI your services deliver.
- Ensure growth aligns with your purpose. Don’t get caught in the “hamster wheel” of unchecked growth.
- Develop a succession plan to ensure a smooth transition for the agency’s future.
- Practice “energy management” as a leader to set the tone for a healthy work environment.
By following these principles and continuously learning from industry veterans like Crispin Manners, PR firms can build a solid foundation for sustainable growth and contribute to the ever-evolving world of public relations.
Further Resources:
Curzon PR is a London-based PR firm working with clients globally. If you have any questions, please feel free to contact our Business Development Team [email protected]
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