The biggest cost in any business is opportunity cost.

All too often we find ourselves in situations where someone needs our help, and we just blurt it out. So not only are we giving away our value for free, but in some cases that value or advice can be misinterpreted. There is a better way that will ensure you’re not giving away your value for free and providing advice in a clear way that benefits your clients and you!

What is the OPPS mindset?

It’s an acronym that stands for Opportunity, Pause, Position, State your price and shut up

Opportunity

Acknowledge the opportunity to add value or help someone.

Pause

Rather than just giving the answer out, this is where you can pause to think about what your offering could be. Sometimes a pause can be one of the most powerful things that we can do whenever we are dealing with clients. A pause actually gives them time to reflect, and we can then see where they’re at in terms of their thinking.

Position

Position how you can help this person. What value can you add? What future vision can you create for someone?

State your price and shut up

Once you’ve positioned your services, what you can do, and how you can implement them, you state your price and you shut up.

If you want to find out more about this and other tools that you can use to help grow your business, then please do get in touch with us at SMYD Accounting / Advisory.