You have spent a lot of time and money responding to a tender.
You have put in all your best words, your best price and you think….
This Tender is a winner!
Only to find out that the tender you put so much time into – Lost
Some people would go into a fetal position rocking backwards and forwards.
Others would let this knock back, spoil the rest of their week.
Others would say “No-one ever wins these tenders – what a waste of time. I’m not doing this again”
While others, yell yahoo.
Which one are you?
It is hard to move on from a losing tender. After all your business will find it harder to grow – if your tenders fail to win.
Letting a losing tender ruin your day, week or month and blaming the company for not picking you, might be what is on your mind. However this is counterproductive. Thinking and blaming others won’t help you to win the next one. Or show what you and your company are made of.
The person who yells yahoo has seen the opportunity to grow. After all growth in business is what it’s all about.
This person can see that this loss will result in being able to meet with the client and have a loss review.
“Most great people have attained their greatest success just one step beyond their greatest failure”
In the loss review the person knows – that the client will provide valuable insights about the tender response from a clients perspective.
This is a way of understanding what gaps were in the tender.
Understanding how the client perceived the company.
Understanding how the company stacked up against the competitors.
Understanding of why the company lost.
Understanding what are the hot points of the client – you know the unwritten “must haves”
As well as can be the start of their relationship.
Think of a loss review as free consulting – to make your company better and stronger.
Where else can you have your ideal client tell you what is important to them…[Read More]