Most agencies know how to pitch.
Far fewer know how to win the right work, keep the right clients and build something people want to be a part of.
I sat down with Virginia Hyland, who previously led Havas Media Group and is now co-founder of Squad M&A, to talk about what really makes an agency valuable.
Virginia has worked with huge brands - we’re talking Red Bull, Gucci, Tiffany, Rimmel, Bumble and Tourism Fiji, and has sat on almost every side of the agency world from founder, CEO, pitch leader, acquisition advisor AND buyer.
I wanted to sit down and chat with Virginia about what indie agencies can do better than the big networks, why chemistry matters before any pitch, what marketers should look for when choosing an agency, and how founders can start building a business that’s worth buying years before they plan to sell.
0:00 - How Virginia built an agency before social media changed everything
3:49 - Why indie agencies can beat the big networks
11:49 - How a 15-person team won against global agencies.
15:19 - The client win that led to helicopters and Tiffany jewellery
18:09 - How to tell if a pitch is actually worth your time
23:10 - The best way to get into someone’s boardroom
28:18 - The mistake most agencies make in pitches
31:57 - How to let your team lead a pitch without taking over
34:00 - How Havas stood out against more than 100 agencies
35:42 - What Virginia learned from losing Red Bull the first time
39:20 - What to watch for when your agency gets sold
41:44 - What changes when you go from indie founder to HoldCo CEO
45:54 - Why founders should prepare for sale years before they exit
51:11 - How AI could change the agency model
54:29 - What makes an agency worth buying
If you want to connect with Virginia you can find her on Linkedin here, or visit Squad M&A www.squadma.com
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