Engineering Better Business Development


"The law of diminishing intent says that the longer you delay
doing something, the less probability you have of actually doing it." –
Michael Hyatt
This principle resonates deeply in an industry where precision and
planning are the bedrock of success. Think about it: every successful
construction project begins with a detailed set of blueprints, specifications,
and schedules. These plans are followed meticulously
—down to the last
rebar placement or HVAC duct. Deviate from the plan, and you risk delays, cost
overruns, or even failure.
Yet, when it comes to business development and marketing, many AEC firms
operate without
a plan, leaving growth to chance or fleeting bursts of
enthusiasm. This is where complacency and apathy creep in, and the law of
diminishing intent takes hold.
The Planning Paradox in AEC
In my work as a Business Development, Sales, Marketing, and CRM
consultant, I’ve seen this paradox time and again. AEC firms excel at executing
complex projects but often neglect the same discipline for growing their client
base.
I’ve worked with dozens of firms where the prospecting process is haphazard,
marketing materials are outdated (or nonexistent), and CRMs—if they exist—are
underutilized or poorly configured. Social media? Often an afterthought, with
sporadic posts that fail to showcase the firm’s expertise. Posturing?
Don’t get me started.
Why does this happen? The answer is simple: Your day job gets in
the way.
You’re busy managing projects, meeting deadlines, and solving on-site
challenges. The urgency of landing new clients or building a robust pipeline
takes a backseat to the immediate demands of current work. But here’s the
kicker: the longer you delay creating a structured business development plan,
the less likely you are to act on it. Intent fades, opportunities slip, and
complacency settles in like dust on an unused blueprint.
The good news? You can break this cycle by applying the same rigor to business
development that you do on your projects. Here’s how:
Draft a Business Development Blueprint
- Just
as a project starts with a detailed plan, your growth strategy needs one too.
Define your target markets, ideal clients, and key differentiators. Set
measurable goals—whether it’s increasing RFPs by 20% or securing three new
clients in a specific sector. A clear plan keeps your team aligned and
accountable.
Audit Your Current Processes
- Like a chef evaluating
a restaurant’s kitchen, take a hard look at your prospecting, marketing, and
CRM practices. Are your marketing materials polished and consistent? Is your
CRM tracking companies, contacts and opportunities effectively, or is it a
glorified Rolodex? Are you leveraging LinkedIn to build relationships? An audit
reveals gaps and opportunities to streamline your approach. (Need an structured audit? – click here
)
Schedule Consistent Action
- The law of diminishing intent
thrives on procrastination. Combat it by scheduling regular, intentional
actions—weekly pipeline reviews, monthly content creation, or daily outreach to
prospects. Small, consistent steps build momentum and prevent apathy from
derailing your efforts.
Invest in Expertise
- You wouldn’t let an untrained
intern design a bridge. So why tackle business development without guidance? A
consultant can bring fresh perspective, proven strategies, and accountability
to ensure your plan isn’t just a good idea but a reality .
The commercial AEC industry thrives on precision, yet too many
firms leave their growth to chance. The law of diminishing intent reminds us
that good intentions alone won’t win new clients or expand your market share.
Without a plan, your firm risks stagnating while competitors—who are just as
busy but more disciplined—pull ahead.
Take a page from your own playbook. You wouldn’t build a restaurant,
shopping center or office building without blueprints, so don’t build your
business without a growth plan. Start today: audit your processes, set clear
goals, and commit to consistent action. If you’re feeling overwhelmed, that’s
where I come in—helping AEC firms turn intent into impact, one strategic step
at a time. I budget four hours per week
for just ‘talking shop’ with no fear of unwanted follow up emails or
calls.
Let’s connect to discuss how your firm can overcome diminishing
intent and build a thriving business development strategy. Because when it
comes to Building New Business, as in construction, success starts with a plan.
------------
Bobby Darnell is the founder and Managing
Principal of Construction Market Consultants, Inc. An Atlanta based consulting
group specializing in business development, sales, marketing, CRM as well as
executive placement for the AEC (Architectural, Engineering and Construction)
industry.
Bobby budgets four hours per week for just ‘talking shop’ with AEC Business
Owners and/or AEC Business Developers. He never does follow up emails or calls
unless asked.


If we have worked together, you more than likely have heard my
stock answer when asked, “So, tell us about yourself.” I pretty much always begin with how I am a
perfect example of the ole saying, “If you want to make God laugh, tell Him
your plans.” As a young man in school, I
had no idea I would be doing what I am doing.
My degree is in Finance, with a concentration in Banking & Investments…I
wanted to be a finance guy. Or so I
thought. A recent engagement with a
client inspired this article and will allow me to attempt to marry what I
learned in business school with what I have learned doing AEC business
development consulting for the past 23 years.
So, let’s talk beta.
In the world of finance, the beta (β) of a stock measures its volatility
relative to the entire market. A beta greater than 1 indicates higher
volatility, while a beta less than 1 signifies lower volatility. For the long term, you want your investment to
be close to 1.
This concept can serve as a powerful analogy for business development efforts
in the AEC (Architectural, Engineering, and Construction.) industry. Just as
investors seek stable returns, AEC companies should aim for a business
development pipeline with minimal volatility.
Too often, AEC firms experience a 'hurry up and wait' cycle in
their business development efforts. They land a significant project, shift all
their focus to its execution, and put business development and marketing on
hold.
As the project nears completion, a sense of urgency sets in due to an anemic
pipeline. This cyclical pattern of intense activity followed by inactivity
mirrors a high-beta stock's volatility, creating uncertainty and instability
within the firm.
To avoid this volatility, AEC companies should strive for a
steady, low-beta business development pipeline. This involves maintaining
consistent business development activities, ensuring a continuous flow of
opportunities, and avoiding the feast-or-famine cycle. How do we accomplish this?
1. Consistent Effort Over Time
Regular Business Development Meetings: Schedule meetings to review
the status of potential leads, ongoing proposals, and upcoming opportunities.
This keeps the team focused on business development, even during busy project
periods.
Dedicated Business Development Processes: Establish a team or assign individuals specifically responsible for business development, separate from project execution teams. This ensures that business development activities continue irrespective of project demands.
2. Balanced Resource Allocation
Resource Management Tools: Utilize tools to allocate resources
efficiently between ongoing projects and business development efforts. This
prevents the common issue of diverting all resources to project execution at
the expense of business development.
Cross-Training Employees: Train employees to handle both project execution and business development tasks. This provides flexibility and ensures that business development activities are not neglected during busy periods.
3. Data-Driven Decisions
Market Analysis: Regularly analyze market trends and data to
identify potential opportunities early. This proactive approach reduces the
risk of a dry pipeline and ensures a steady flow of prospects.
Performance Metrics: Track key performance indicators (KPIs) related to business development, such as lead conversion rates, proposal success rates, and the average time to close deals. Use this data to refine strategies and maintain steady growth.
4. Relationship Building
Client Relationship Management (CRM) Systems: Implement CRM
systems to manage interactions with current and potential clients. This helps
in maintaining long-term relationships and identifying new opportunities
through existing clients.
Networking: Encourage continuous networking through industry events, seminars, and professional organizations. Building a robust network can lead to consistent referrals and new business opportunities.
5. Marketing Integration
Content Marketing: Develop a content marketing strategy to keep your firm visible and engaged with potential clients. Regular blog posts, case studies, and social media updates can keep your firm top-of-mind.
Email Campaigns: Implement regular email campaigns to nurture leads and keep them informed about your firm's capabilities and recent successes.
6. Quantifiable Examples
Lead Conversion Rates: Track and aim to improve the percentage of leads that convert into actual projects. For example, if your firm currently converts 20% of leads, set a goal to increase this to 30% over the next year through consistent follow-up and relationship building.
Proposal Success Rates: Measure the success rate of your proposals. Do you know your company’s ‘batting average’? Remember, if it can be measured, it can be improved.
Pipeline Value: Regularly calculate the total value of potential projects in your pipeline. Aim to maintain a pipeline value that is a multiple of your annual revenue target, ensuring that you have sufficient opportunities to sustain growth.
Conclusion
By applying the principles of stock beta to business development,
AEC companies can achieve a more stable and predictable pipeline. This involves
consistent effort, balanced resource allocation, data-driven decisions,
relationship building, and integrated marketing strategies.
When it comes to Building New Business…embracing these techniques can help avoid
the volatility of the 'hurry up and wait' cycle, ensuring sustained growth and
long-term success. Just as a balanced diet leads to better health, a steady
approach to business development fosters a healthier, more resilient company.
-----------
Bobby Darnell is the founder and Managing Principal of
Construction Market Consultants, Inc. An Atlanta based consulting group
specializing in business development, sales, marketing, CRM as well as
executive placement for the AEC (Architectural, Engineering and Construction)
industry.
Bobby budgets four hours per week for just ‘talking shop’ with AEC Business Owners
and/or AEC Business Developers. He never does follow up emails or calls unless asked.



