Category Archives: Favourites

TNF #052: Anniversary issue

Welcome Professionals…

…to the anniversary issue of Thursday Night Flight! As you can tell by the number in the title, this is the 52nd edition of the best practice blog for top management consultants. This means we have been once aroung the year with it together – week by week. Thank you so much for joining me and all the feedback I received from you. (Mostly in private, though).

When I come home on a Thursday night, I sit down, finish my writing and publish the next post. Quite often, I have collected only some raw ideas during the week and need to formulate the article right before the deadline. The deadline is a good thing, though. It pushes me to get something done each week.

anniversary

A friend of mine once said: “Why don’t you skip an issue this week? You don’t have to write every week, you are your own boss, nobody expects you to do this every single week.” I guess he is right. Of course, I would like to believe that my audience expects me to write something each week. That there are readers out there who wait eagerly for each issue of the blog. But Google Analytics tells me that most of you look at the blog only from time to time. That’s okay and I hope you like it from time to time.

I actually do it because I promised it to myself. I said I would do it. So I do. Eventually the blog is called “Thursday Night Flight” and not “every other Thursday or whatever”.

You know what? This discipline and consistency feels great. Making the weekly publishing a habit and sticking to the plan is a reward in itself. Each single week it is a rather small step, but looking back on 52 issues around the year makes me feel a little bit proud.

BTW, today is my 40th birthday, which also fits well with the title of this post. Forgive me for being a bit sentimental here. I feel extremely grateful for the last 40 years. Looking forward to more to come.

Stick with me through the next year of Thursday Night Flight!

Malte

Thursday Night Flight is brought to you by Malte Müller Professionals. Sharing best practices for top management consultants on topics like communication, client handling, problem solving, appearance, and fitness. Check out www.mm-professionals.com for more material and free resources!

TNF #047: Special song for all consultants

Welcome Professionals…

…today I have a special edition for you. I went to the sound studio and recorded a song that I once performed live on the BCG christmas party in 2011.

Song

The song features scenes out of the busy life of a consultant. But, be careful: this song contains irony and even a bit of sarcasm. So don’t take it too seriously.

Have fun!

Malte

Thursday Night Flight is brought to you by Malte Müller Professionals. Sharing best practices for top management consultants on topics like communication, client handling, problem solving, appearance, and fitness. Check out www.mm-professionals.com for more material and free resources!

TNF #006: How to enjoy the value creation process

Welcome Professionals…

…as a top management consultant, we all want to create perfect results for our clients. But striving for perfectionism can actually constrain our value creation process.

For a long time in consulting business, I concentrated on achieving perfect results. At my former employer, we were especially great at pointing the attention to areas that were not perfect, yet. Each time when my project leader or partner or eventually the client found some flaws in my work, I used to beat myself up for that. I interpreted every necessary additional iteration loop as a defeat. I was striving for perfectionism.

lifetime-value-of-a-customer

Years later I was able to discover the drivers behind this behaviour and change my point of view. I recognized that it makes me very unhappy over time to strive for the perfect end product. The end product will never be perfect and if it was, I would already be busy with the next big thing. By having this tendency, it would be impossible for me to stop working and feel satisfied about it.

Today my motivation is different. I commit to delivering the best value I can in a given amount of time. I set time slots for me to work on a specific project and then do the best I can. I embrace opportunities for iteration, because it helps me improve my work. As an additional positive effect, it takes my client on a journey through my value creation process. Communicating intermediate steps and results makes my client value the work much more.

Everyday I try hard to concentrate on the value creation process! I am not attempting to create a perfect end product, but to give my best. Hopefully, that comes close in the end.

Thursday Night Flight is brought to you by Malte Müller Professionals. Sharing best practices for top management consultants on topics like communication, client handling, problem solving, appearance, and fitness. Check out www.mm-professionals.com for more material and free resources! 

TNF #002: Win the audience by talking like a news publisher

Welcome Professionals…

…applying good structure to verbal and written communication is a huge topic for consultants. As a top management consultant you want to be understood, you want to persuade the audience and you finally want to move your client.

Have you ever tried to apply the scientific essay style to a client meeting? Or throwing all your researched facts and figures to someone in a monologue? Here is what we can learn from the news publishing world.

Everybody has a cut-off line. And it may be different for each individual person. Imagine how you are reading a newspaper. For some articles you only read headlines, for other the subtitle intrests you, sometimes the picture with the respective subtitle is enough. And for some breaking news you would read the full article, then go to background information on page 3 and read the two comments from correspondents on page 5.

Apply the same style to your verbal dialogue and even to your slide structure:

  1. Summarize whole story in one main message – the headline.
  2. Frame the headline by giving a subtitle with a bit more information.
  3. Summarize everything in an abstract – could be your executive summary.
  4. Go into further detail, explaining the full story again, but be sure to make the full loop to support your headline!
  5. If the audiene still wants more, go the further supporting material – this may be you backup section.

Get the idea? Whereever your audience stops reading or stops listening (and it will at some point, that is for sure), you want to make sure that your one key message sticks! In verbal communication, pause after each step and look for a positive confirmation to go on.

Thursday Night Flight is brought to you by Malte Müller Professionals. Sharing best practices for top management consultants on topics like communication, client handling, problem solving, appearance, and fitness. Check out www.mm-professionals.com for more material and free resources!

Take it easy

All beginnings are difficult.

I remember when I started at BCG in 2001, I was so overwhelmed of the exciting work, the rich input I received, and finally the devastating long working hours. My girlfriend took me for a hike in the Swiss Mountains on a weekend and I fell asleep in the chair lift!

But what also made it a bit hard in the beginning was the lack of understanding of my family, friends, and fellow students from university. For an engineer it was not so common to start with a consulting firm. I had to cope with lot’s of prejudice and criticism. Okay, some of the stereotypes and jokes about consultants are probably right.

Volkhardrockband

“Son, what are you doing with your life?” was a common comment. I collected all the sceptical views on the consulting lifestyle and puzzled them together as new lyrics for a famous German song, originally performed by “Die Ärzte”. Together with 3 colleagues we performed that on the Christmas party of BCG in 2007. See the picture of our hippie-style stage performance. I’m the guy on the left with the guitar.

Check out the song here. It might be worth a good laugh. Take it easy!

 

Know where you come from in order to improve

I am striving for continuous improvement. Just like almost everybody I know. But I find it hard sometimes, even with so much good advice out there, always available at my fingertips. Recently I was reminded to a very simple fact: I have to know myself first, before I can add improvements. Very, very simple, but easily forgotten.

Let me share this personal example with you.

When I do business development in order to reach out to new potential clients or to develop client relationships, there are just so many things that I can do. My target market is full of opportunities. On the one hand this is really great news, on the other hand it can be overwhelming sometimes. I added so many improvement ideas to be more focused, more efficient, make up more time and so on. But it did not feel satisfying enough.

Then it just occurred to me while I was reading the latest book of Gretchen Rubin: “Better than Before”. The book is about successful habit change. She distinguishes personalities (besides other dimensions) into openers and finishers. And guess what: I am a finisher. I love to cross items off my to-do-list. Now I suddenly understood what was frustrating me: in a market with endless opportunities, there is no finish line. You can go on and work forever.

In my case, the fix was pretty easy. For each day, I dedicate a specific amount of my time to business development. At least one hour. Then I fill this time as effectively as I can, but do not judge it on results yet. After time has run up, I cross this item from my list. Feels great and I get so much more done!

Conclusion: I need to know myself first, to judge which improvement advice works for me. It is all a matter of individual analysis and experimentation.