The new year is a time for new business opportunities and, sometimes, to leave behind old ones. You have likely parted ways with a client before, and how you did it is most likely what they remember you by. How you say goodbye could affect future hellos in the industry.
Companies may think selling themselves to get business is the most important part of the job. And it is an aspect, but not the only thing to focus on in regard to client relations.
Where good business practices truly come into play is how you handle a “break up” with a client. Whatever the reason—unmanageable expectations, different values, out growing one another—it’s never a good idea to ruin the history you have shared and the good work you have done for them with a bitter ending.
Only the peaks and the ending are remembered by a person according to Daniel Kahneman, Nobel Prize winner in economic sciences, who studies judgment and decision-making. A sour goodbye could be detrimental to your business.
Parting ways may be the best thing for both of you at that time, but, in the heat of the moment, it is easy to not consider the prospect of working with them again in the future in the heat of the moment. There is nothing wrong with expressing to the client that you would like to keep in touch. This is especially important if you work in B2B, a more close-knit structure than B2C.
If you have hit a wall or breaking point with a client, there are two scenarios to consider:
- If it is the client’s idea, determine whether the problem can be fixed. Is it a strategy problem or a personnel issue? If the relationship can’t be salvaged in this moment, do not push them. Client praise and referrals are a great source of new business. Leaving a bad taste upon exiting the relationship could have the opposite effect.
- If the split is the agency’s idea, do not spring the idea on them. The exit meeting should not be the client’s first indication that something is not working. You work in communications after all and should be able to verbalize when things go awry throughout the process of working together.
If you find yourself in this situation, remember this quote: “People will forget what you did, but people will never forget how you made them feel.”