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Welcome back to The 2x2 - the ultimate newsletter for executive consultants!

Is a $1,000 plane ticket ever worth it for a prospect you haven’t closed yet?

The answer is yes — but only under the right conditions.

Read on…

Today in 5 minutes or less:

  • Before booking anything, two rules settle most travel decisions — and they’re based on hard numbers, not gut feel.

  • Get the call wrong and you’re out $2,000 to $5,000 plus a full day of work, chasing a deal that was never going to justify the trip.

  • For everything in the gray zone, there's a formula — and it's simpler than you'd think.

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My firm Keenan Reid Strategies builds 9-figure business models and the financial engines behind them. We help enterprise B2B leaders:

  • 📈 Increase revenue → Commercial strategy for $100M+ initiatives

  • 🤓 Accelerate execution → Embedded strategic capability without fixed cost

  • 💰 Unlock cash → Reduce working capital and accelerate cash conversion

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Is Your Client Worth the $1000 Trip? Here's How to Decide

You just received an email: a prospect is interested in working with you and wants to meet in person.

The problem? They're three states away.

You have the time for it, but flights, hotels, and losing an entire day to travel all come at a cost.

So what do you do?

Gif by abcnetwork on Giphy

For many independent consulting firms, this is a situation that shapes everything from your profit margins to your close rates.

Get it wrong, and you'll burn resources chasing deals that never materialize.

Get it right, and you'll build a lean, profitable practice.

Here's how to decide if whether a deal is worth traveling for.

Two Rules That Answer 80% of Travel Decisions 

Most travel decisions are straightforward if you know these two rules:

  • The Million-Dollar Rule: Any project over $1 million warrants an in-person visit to seal the deal.

  • The Six-Figure Rule: Any project under $100,000 isn't worth spending a full day and travel expenses to close.

These thresholds aren't arbitrary.

For consulting firms, travel typically eats 10% to 15% of operating costs. A full day of travel (including prep and recovery) costs $2,000 to $5,000 in hard expenses plus opportunity cost.

Seven-figure deals justify the investment. Five-figure ones don't.

But what about everything in between?

The Formula for Six-Figure Projects

For projects between $100K and $1M, use this simple calculation:

Before running the calculation, let’s define the inputs.

  • Project Value: This is the total fee for the initial engagement only. Don't include potential follow-on work. A $200,000 strategy engagement is worth $200,000—not the $500,000 you hope might come later.

  • % Increase in Win Rate: This is your honest assessment of how much more likely you are to win if you meet in person. Not your total win rate, but the increase. If you'd have a 50% chance of winning virtually and a 70% chance in person, that's a 20% (or 0.20) increase. Be realistic.

  • Total Travel Cost: Add everything. Airfare, hotel, meals, ground transportation, plus the opportunity cost of a full day out of the office. If you bill $2,000 per day and could be doing client work instead, factor that in.

Then use the result to make your travel decision:

  • Over $10,000: Travel. The ROI is clear.

  • Between $5,000 and $10,000: Travel only if you have other business in the same area.

  • Under $5,000: Stay virtual. The return doesn’t justify the investment.

Now let's see it in action.

🟢 Example 1: The $250K Opportunity

You're pursuing a $250,000 engagement. You estimate that meeting in person would increase your chance of winning by 20%. The travel cost estimate is $3,000.

The math: $250,000 × 0.20 − $3,000 = $47,000 in net benefit

Decision: Book the flight.

🟡 Example 2: The $150K Project

You're chasing a $150,000 project. The prospect already knows your work through a referral, so an in-person meeting will only boost your odds by 5%. Travel runs $2,000.

The math: $150,000 × 0.05 - $2,000 = $5,500 net benefit

Decision: Stay virtual unless there's another reason to be in the area.

🔴 Example 3: The $100K Engagement

A prospect from a LinkedIn connection requests an in-person meeting for a $120,000 project. You've had a solid discovery call, but they're also talking to two other firms. You estimate in-person might increase your win rate by 10%. Travel costs a total of $6,000 because it requires international travel.

The math: $120,000 × 0.10 − $6,000 = $6,000 in net benefit

Decision: Stay virtual. The juice isn't worth the squeeze.

The Rare Exception: When Strategic Value Trumps the Formula

Sometimes a relationship justifies travel even when the numbers say no.

Gif by teamcoco on Giphy

Maybe this prospect opens doors to an entire industry.

Maybe they're a marquee client who'll elevate your credibility.

Maybe this is a decision-maker who controls budgets across multiple divisions.

In these cases, view travel as an investment in your network, not just in one project.

But be honest with yourself. Most prospects aren't strategic unicorns—and that's okay. Most are solid opportunities that should pass the formula test.

Make the Call

Next time a prospect requests an in-person meeting, run the numbers.

Over $1M? Go. Under $100K? Stay virtual. Everything in between? Use the formula.

The consultants who build sustainable, profitable practices understand this. They protect their resources, control their costs, and show up in person only when it creates disproportionate value.

This isn't about being difficult or keeping your distance.

It's about being strategic so you can deliver exceptional results for the clients who need you most.

Framework Focus: SCI + Answer

Not everything needs to be complex to be effective.

If you already framed a problem with our SCI Framework, the next step is to summarize the solution by simply adding an Answer to that page.

Same structure. Same page. Less mental gymnastics for everyone.

A small reminder: update the SCI as you uncover more about the project, especially the Implication.

We all know you’re smart. Better than impressing the room with your thinking, just make decisions easier.

Let’s see it in action.

A fractional CRO was brought in when a SaaS company’s growth stalled.

She laid out a simple problem statement after the first week:

  • Revenue had plateaued (Situation);

  • Paid acquisition costs were climbing (Complication);

  • The company was on track to miss targets within two quarters (Implication).

She then presented a solution: pilot three to five referral partnerships, offer a 15% revenue share, and co-sell into existing client bases (Answer).

Guess what? Everyone understood what was broken and how to fix it! Within 90 days, all partners sourced qualified leads at a lower CAC, giving the company a scalable, cost-efficient growth path.

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