Posts Tagged ‘sales growth’

Outlook for 2011: A Growth Mindset – Part 3 of 4

Sunday, December 19th, 2010

Returning to that question we asked earlier:

Are you willing to let your business grow, shrink or die?

In 2011, more businesses will fail than survive.   If you are unwilling to adapt, overcome, make tough decisions, work twice as hard and reinvent yourself and the company, then… die.

It’s okay if you choose to die.  It gets you out of the middle of the road, mentally, and that’s where your mindset is being squished.  Celebrate the fact that you are moving on and know that you might follow in the footsteps of some legendary geniuses. Thomas Edison is acclaimed for failing to invent the light bulb nearly 1000 times before he hit the mark.  Even Winston Churchill had something to say on the subject with: “Success is not final, failure is not fatal: it is the courage to continue that counts.”

If you choose to shrink, then settle for status-quo at the risk of just getting by and at the risk of the economy eating away at more of your business.

If you choose to grow, then waste not another moment in The Grape Zone with your prospects, your salespeople, or even your company itself.

Stay tuned for tomorrow’s last part of the series,

Joe

Outlook for 2011: The Grape Zone – part 2 of 4

Sunday, December 12th, 2010

Karate Kid – Grape Zone

Not necessarily a good place or a bad place, The Grape Zone is an opportunistic standstill.  For leaders in business, it’s either choose to settle for business relationships exactly where they are OR take action to ultimately drive better results in sales across the board.

But first, let us discuss the origin of this area we call The Grape Zone.  In the movie “The Karate Kid” (the original version, not the new one with Will Smith’s son although I’ve heard this is a decent remake), the following dialogue unfolds between Daniel and Mr. Miyagi after Daniel has gotten his butt kicked a few times at school and Mr. Miyagi is willing to begin Daniel’s training in the art of karate.

Mr. Miyagi: Now, ready to learn Karate?

Daniel: I guess so.

Mr. Miyagi: Daniel-san, must talk. Man walk on road. Walk left side – safe.  Walk right side – safe. Walk down middle – sooner or later, get squished just like grape.  Same here.   You karate do “yes,” or karate do “no.”  You karate do “guess so,” squish just like grape.  Understand?

Daniel: Yeah, I understand.

Mr. Miyagi: Now, ready?

Daniel: Yeah, I’m ready.

Depending on your market, your product, your service or your technology, there might be several steps to the process of enrolling a new or even an existing client.   And yes, there is a Grape Zone between each step in the process, and often a big one right before the papers get inked.  Confidently be aware though that you can always get through any Grape Zone.

If you find that most of your opportunities are in The Grape Zone in one way or another, then chances are that you’re not asking them to go to the next step in the process, whatever that is.   And if you don’t ask, they can’t say yes.   If you don’t ask them for the sale or to take the next step in the sales process, or if you don’t let them know that no is okay, you will be “squished like grape.”

In order to make this topic very clear, let me use entreQuest as an example.

We spent a fair amount of time early on beating our heads against the wall with prospective clients that just didn’t get us.   They were name-brand companies that we wanted to work with, and wanted to work with us – or at least wanted the results that other companies were getting from the relationship.  We looked at these opportunities and thought they would be reference-able accounts with name recognition or cache, so we pursued the leads – after all we’re a sales growth firm, we know what to do with leads.

The result?

Well, we landed a decent amount of business, but, in several cases, we accepted clients we shouldn’t have. We were then contractually obligated to work with companies whose cultures were drastically different from our own, and it was a nightmare. Since then, whenever we meet a prospect whose company’s culture is drastically different from ours, we tell them, “No, thank you.”

“No, thank you” mitigates the risk of the nightmare client happening.   To make sure we aren’t saying no to good companies, we have developed a screening system that helps us assess which companies we can consult for successfully, and which we cannot.   We call it “E.P.I.C.”

E.P.I.C. companies, as a matter of corporate culture, are those that:

Embrace Change

Progressive leadership

Innovative in their fields

Culturally driven (they care about their culture)

It’s what works for us at entreQuest and it can be what works for other businesses.  With a few modifications to fit your unique business model of course.

See you next week,

Joe

Outlook for 2011: Grow, Shrink or Die – Part 1 of 4

Sunday, December 5th, 2010

Thankfully, the global economy appears to be heading out of recession.  For CEO’s, business optimism is sure to rise with such news as history as shown a healthy correlation between a strong economy and increased spending (and Groupon better hope so after declining Google’s offer – WOW!).

That said, skepticism is sure to linger among all enterprises no matter what the financial analysts forecast for the future.  We are readily seeing companies vocalize their uncertainty in asking questions such as:

What does 2011 hold for our industry?

Are corporate IT budgets going to increase in other industries?

Should I hire more salespeople?

As a sales growth firm that has experience working with many companies  across the country, we at entreQuest find that these questions to be completely appropriate as we approach a new year of business in a new economic environment.  However none of them are the most important question to which we turn our attention towards now.  Bluntly stated:

Are you willing to let your business grow, shrink or die?

Everyone talks a lot about change.  President Obama won his presidency on a platform of change.  Tupac and David Bowie both scored hit songs titled “Changes.”  And my personal favorite, Charles Darwin had an exceptional quote on the idea:  “It is not the strongest of the species that survives, nor the most intelligent that survives.  It is the one that is the most adaptable to change.”

Since change went from being the constant of our economic environment to the culprit of it in this recession, business leaders must decide how they will adapt to its mysterious nature as we enter 2011.  So again, we ask:

Are you willing to let your business grow, shrink or die?

Before the recession, it was often said that some 90% of all businesses failed.

And yet your doors are still open.

In the current state of the recession, the unemployment rate is reported at over 9%.

And yet you still have a job.

These facts in themselves prove that you have what it takes to survive even if you did so just barely.

Regardless of your corporate strength or staff intelligence, in the spirit of Darwinism you must decide if your company has what it takes to adapt for survival in the upcoming year.  Make no mistake about it for this is not a time to waver.  It’s a matter of thrive, strive, or say good-bye.

If you have yet to make this decision and truly resolve, you are in what we call the grape zone.

Wait for this next week… and GO RAVENS!

Joe

Are you Busting Rocks, Making a Living or Building a Temple?

Thursday, October 14th, 2010

The essence of building a remarkable sales team can be encapsulated in the classic “stonecutter short-story.”

There are several versions of the story, and several ways to interpret its timeless lessons. It powerfully illustrates the importance of perception in your approach to your business, relationships with your team and clients.  Do you see yourself as busting rocks, earning a living, or leaving a legacy? And what difference does your view of things make?, this story demonstrates that there is great value in seeing the bigger picture.

One day a traveler, walking along a lane, came across three stonecutters working in a quarry. Each was busy cutting a block of stone. Interested to find out what they were working on, the traveler asked the first stonecutter what he was doing. “I am cutting a stone!” Still no wiser the traveler turned to the second stonecutter and asked him what he was doing. “I am cutting this block of stone to make sure that it’s square, so I can make a living.” Still unclear, the traveler turned to the third stonecutter. He seemed to be the happiest of the three and when asked what he was doing, he replied: “I am building a temple.”

So what’s the point here?

That your experience depends on how you hold things in your mind – and it’s one of the keys for going from good to great.

The current economy is tough; there’s just no question about that.

But the question is this:  Are you struggling in a lousy economy (chipping away at a large block of stone) or are you searching for ways to be as nimble and flexible as possible to adapt to new realities? Are you resentful of customers and clients who now seem to have the upper hand because they hold the cards, or are you upping your game to a whole new level of authentic relationships (building a temple)?

Even in the toughest of economic times, people don’t stop spending money, which means businesses don’t have to stop making money.  They may, however, have to do some things differently and be willing to make some fundamental shifts in the way they view what’s going on.

Willingness to Adapt

The traditional vendor-customer relationship is a thing of the past. Buyers have unprecedented access to Information, and the next vendor is just a click away.

Things are also being automated at an unprecedented rate.  According to Dan Pink’s book, A Whole New Mind – Abundance, Automation and Asia (outsourcing) are turning the business landscape on its head.

Many companies have failed to make the necessary adaptations to successfully compete in the new world order and the new economy.

As it turns out, Darwin’s “survival of the fittest” theory is not confined to biology. Some of the most valuable lessons can be learned from the companies that made the endangered species list during past times of economic strife in America. .

Great companies  adapt to the current climate,  They evolve, and they continue to grow for generations. They prepared properly by making wise but difficult decisions – where to focus, what to sacrifice, who to empower, how to leverage what they have, and how to maintain a winning mindset during a period increasingly characterized by failure.

So which is it for you?

Joe

10 Reasons Why You (and your friends) Should Join eQ’s Facebook Fan Page

Thursday, August 26th, 2010

entreQuest's biggest fan

Become our Facebook fan (Already a fan?  Forward this to your friends)!  Why?  Joe Mechlinski and I are in a heated battle…he thinks that we CAN’T get 500 fans by the end of September and I believe that we absolutely CAN!

For every fan that we are short of 500, I have to pay him $1.  For every fan over 500, he owes me $2.  If me making money isn’t enough motivation for you to admit that you are a fan, then maybe the following 10 reasons will be!

1). entreQuest shares GREAT information about how to increase sales and build stronger businesses.  This helps you become more educated which will make you sound smarter when talking with your friends.

2). Because we’re the source for sales growth, you’ll sell more (or encourage your employees/colleagues to do so) which will MAKE YOU MORE MONEY which means that you can buy bigger houses, faster cars or just save money for the next recession.

3). You can network with our community….which is a tight knit one that will most likely welcome you with open arms.

4). We don’t mind if you directly solicit our contacts for meetings or invites to your Facebook fan pages as long as you keep it G-rated and not annoying.

5). We give away our training materials from time-to-time for FREE…yes, free…nothing in this world is EVER free so you should jump on it.

6). Our recruiting division has basically blown up and we now have opportunities ALL OVER the United States.  This is a perfect opportunity for you to pull out the cool card by getting your friends great jobs.

7). eQ is involved in the community and from time to time does fun things like raising money by bowling for kids, serving food to Baltimore City shelters and sponsoring events, which will open your eyes to the endless opportunities out there to make our world a better place. (We are the world….we are the children…we are the ones who make a brighter place…so let’s start liv’n – RIP MJ)

8).  eQ does free public webinars that teach salespeople how to sell better using social media.  Again…free….no need to discuss further.

9). We’re having a 10th year anniversary thank you party…and if there’s any shot that you will get an invite, you better be a fan of our page.

10). It takes 1 click on the word ‘like’ (look up and to your right) to become a fan which is the same amount of energy you use to blink your eyes once.

DELIVERING a REMARKABLE CLIENT EXPERIENCE: 12 BIG QUESTIONS

Monday, August 16th, 2010

So we are smart enough to talk less and listen more (yeah right!)?

So let’s assume we are listening…

How can you drive a REMARKABLE CLIENT EXPERIENCE?

Try these questions out… and more importantly… add to!

  1. What is your ultimate direction for the business?
  2. What are your most important objectives and priorities with this direction?
  3. Where are the successes in business you are most proud of?
  4. What are the 2-3 key elements in your business which have led to its successes?
  5. What are the biggest opportunities to take advantage of?
  6. Where do you need the most help?
  7. Who is guiding and owning this initiative?
  8. What are the resources you can commit to supporting your most important outcomes?
  9. What are the other competing priorities?
  10. Why is this a MUST do/have/be for the business?
  11. When do you have to have this by?
  12. Is there anything I am missing?

And seriously… what else are WE missing?  We would love to hear!

Joe

How do you get rid of the FUD?

Wednesday, June 16th, 2010

confused look

Recently the CEO of one of our newest clients told his team to have no F.U.D.

I like to think I’m hip to current business terms, but I’d never heard this one before.   F.U.D.?    For those of you with me in the unenlightened corner of the room, it stands for:

FEAR

UNCERTAINTY

DOUBT

This is a great way to frame out what often stands in the way of success.

Almost every Microsoft Partner wants to grow or wants to try new sales and marketing initiatives.  Most keep falling short. Why? Because people don’t like to change. Why? Because people don’t like to fail.

Fear of failure leads to uncertainty and doubt, which in turn leads to hesitation and inaction. Usually we know what we ought to do; we just don’t do it.  And yeah, there are always reasons:  time, money, resources, etc.  But what’s the real reason we’re not doing the things we know would make a difference?   F.U.D. plain and simple.

Stop for one moment and ask yourself: What would you attempt if you knew you could not fail? For those brave Partners willing to fight the gravitational pull of the status quo, persist through resistance to change, and really step up, we can tell you how to create urgency, build momentum and revolutionize your sales. We’re not talking about dumb affirmations or time-worn techniques to change.  We’re talking about what it actually takes to overcome F.U.D. and create a lasting revolution in your sales.

The Three C’s of Successful Change

What it takes to effect real and lasting change in yourself, your organization and your sales are The Three C’s:

CERTAINTY

CLARITY

COMMITMENT

I know the alliteration here makes this sound kind of slogan-y, but I assure you this is way more than a slogan.   With Certainty in direction, Clarity about what matters most and Commitment to see your own direction, vision and goals happen, you can and will succeed in growing your organization

Here’s how it works:

#1:  Be CERTAIN in Your Mindset

Getting results begins with mindset. In nearly every sales organization you will typically see that two sales people in 10 are generating 80 percent of the company’s revenue. This is known as the 80/20 rule, or the Pareto Principle.

Despite the fact that the processes, procedures, call scripts, brochures, Power- Point presentations and Web sites are the same for everyone in the department, only two in 10 are putting up the big numbers.

Why? The achievement model rests on mindset. With the right mindset, almost any set of processes aimed at developing new business will work.

A Mindset Case Study

A Microsoft Partner had one particular sales office that was doing quite poorly.  Sure the economy is as bad as it’s been in recent memory, but the other offices were holding their own.   Like any good leadership team, the executives reviewing the numbers chose to hold the sales team accountable.  And they did it in just the right way.

The folks at corporate could have sent in a heavy to lambaste the team, or could have sent in a “rah-rah” sales trainer to rev them up.  They could have labeled it a regional phenomenon or they could have blamed it on the economy.   They could have re-engineered their processes — except they were working for every other office. What they did was none of these.

The Achievement Model

Luckily for the struggling sales office, their leaders  understood the achievement model:  Mindset + Process = Results. The execs knew their processes worked, so the problem had to lie in the mindset element of the equation.

And so it did.  Turns out, the struggling regional sales office believed they could not sell in the market environment they were faced with.  And, wouldn’t you know it, because of that belief, they indeed could not sell in their market environment.

Responsibility – BeThe Cause. Changing anything begins with taking responsibility.  If you want results, you start by taking responsibility.  The regional sales office chose to stop acting like victims and to “BeTheCause” of their own success.  “BeCause” they were willing — individually and as a group  –to look in the mirror, take responsibility and shift their mindset, they were able to literally transform their office, performance and results.  Ninety days from the moment they chose to “Be the Cause” of their success, their sales were up 70 percent, and are still holding steady.

What changed? The processes and the circumstances didn’t change, only their mindset did — and the results were phenomenal.

Where does “Certainty” come in to play?  It is the requirement for a true mindset shift.  “Ummm . . .  yeah . . .  well. . . maybe . . . ” doesn’t get the job done.  If the sales team was only half-convinced that it wasn’t the economy or the market that was responsible for their low numbers, the dramatic improvement we saw would not have taken place.  Before anything could happen, they needed to know beyond a shadow of a doubt that an increase in the sales numbers was absolutely within their control, and was absolutely their responsibility.  It required 100% certainty. Once they got to certainty, their mindset delivered results.

Success is attainable and sustainable through focusing on mindset first and then performing the processes that produce the desired outcomes. This has been demonstrated over and over and over.  Michael Jordan, Martin Luther King, Gandhi, the NASA moon project and the Declaration of Independence are all great examples.

So why hasn’t this knowledge completely transformed sales teams and sales training the world over?  BeCause, as Aristotle observed, “The hardest victory is over one’s self.”   The mindset of certainty and responsibility is not so easily won. Companies are made of people who don’t want to do the hard work of taking responsibility for earning a victory over themselves.

Eighty percent of any sales team is usually engaged in some battle with themselves. The enemy is self-defeating thoughts like, “He’s probably not at his desk. She’s tired of hearing from me. We don’t have anything new to offer them. We’re too expensive. The economy stinks. Our market stinks. My competition has already been in there. I don’t have the right collaterals. Our business cards are horrible.”

Notice that these statements have one thing in common – they all put the blame somewhere else. The 20- percenters don’t do this. They are certain that they can choose to “Be the Cause” of their success, and then they employ the processes that work. It’s a simple equation:   Mindset + Process = Results.

#2: Get CLARITY about your Tipping Point

The key to faster results in the selling arena is to identify the one concentrated activity that creates the majority of your sales. This activity is known as your “Tipping Point” — and it is the single most important thing you can do.

The Tipping Point concept can be understood within the context of the Paredo Principle (the 80/20 Rule). Your Tipping Point is the 20 percent of activity that can create 80 percent of your production. Finding your Tipping Point in selling is the key to faster results.

How do you figure out what your Tipping Point is? The first step is determining what doesn’t work. Assess all of the daily activities you do and be honest about which are not working for you. Stop doing them and start trying new things. Most important, never let perfect ruin good. Everyone wants perfection, but sometimes striving for perfection actually becomes the focus, and that will slow you down.  If you have a “very good” draft of the proposal that needs to be sent out, send it. You don’t have to spend four more hours trying to make it perfect. If you accept this philosophy, you are on your way to finding your Tipping Point.

In Malcolm Gladwell’s bestseller, The Tipping Point, there is a great story about the subway system in New York City, which was a breeding ground for violent crime. With felonies at an all time high, the city hired a new chief of transit police, William Bratton, to turn things around. The first thing that Bratton cracked down on was fare-beating. An estimated 170,000 people were riding the subway every day without paying the fare.  Because there was only $1.25 at stake, the transit police hadn’t felt it was worth their time to pursue it, particularly when there were more serious crimes such as rape and murder occurring.  But Bratton changed all that.

He directed the cops to start busting fare-beaters one by one, handcuff them, and leave them standing in a “chain gang” on the platform until they had a full catch. The idea was to send a signal to the public that the transit police were cracking down on crime. Bratton also insisted that a background check be run on all of those arrested. It turned out that one out of seven arrestees had an outstanding warrant for a previous crime, and one out of 20 was carrying a weapon of some sort.

After a while, the bad guys wised up and began to leave their weapons at home and pay their fares.  Astonishingly, violent felony crime dropped as a result.

Bratton focused on the smallest misdemeanor infractions, yet the felony violent crime rate fell significantly.  How did that work? Turns out minor and insignificant crimes were the Tipping Points for violent crime. Bratton believed that the epidemic of violent crime could be reversed or “tipped” by dealing with the smallest of crimes. And he was right.

Some examples of Tipping Points for sales professionals include: being out of the office from 10 to 4 daily, making 50 cold calls a day and journaling. These activities seem simple – maybe even frivolous — but just as cracking down on fare-beaters tipped the violent crime rate in NYC, these activities can tip the results for selling success.

To find your own Tipping Point, grab a piece of paper and go to a quiet place. Write down EVERY activity you do in a typical week that is related to sales. Decide which are the most effective activities. Pick ONE and try it as your Tipping Point. Commit to doing it daily for three weeks. Why three weeks? Because research has proven that it takes three weeks to develop a new habit. If the activity you chose drives your sales performance, it’s a Tipping Point. If not, pick another activity and start the process over. Keep going until you find your Tipping Point. Once you’ve found it, make it a habit for life.

The key to the Tipping Point concept is to use it. Commit to doing it on a daily basis, no matter what. Make it a priority, even if it is the only thing that you can get done in a day.  You’ll be impressed with the difference it makes.

#3: Make a real COMMITMENT — and stay the course

You might have noticed how many times the words “commit” or “commitment” appeared in that last section.  In a recent conversation with one of our favorite clients, it dawned on me.  The tortoise was right – slow and steady often does win the race.

But for the Type A’s reading this (I’m a proud member of this tribe and so are lots of sales people), how can you tell us that by slowing down we can actually get more done and get more right?  We simply don’t get that.  And yet, there are hundreds of adages that reinforce this wisdom over and over.

One of my mentors recently said to me, “Joe, it’s not just about doing more with less… but the less that matters more.”  We’ve all read that mastery is not about doing 4000 things 7 times… but about doing 7 things 4000 times. And then there’s the Chinese Bamboo Story.

If you plant a bamboo sprout in the ground, for four or five years (sometimes longer) nothing happens. You water and fertilize, water and fertilize —but you see no visible evidence that anything is happening. Then, along comes year five. In a six-week period the Chinese bamboo tree grows to a staggering 90 feet tall! World Book Encyclopedia records that one bamboo plant can grow three feet in a 24-hour period. It seems incredible that a plant that lies dormant for years can suddenly explode with growth, but it happens without fail with bamboo trees.

The same principle sometimes holds true for us.

If you are certain of your processes, have the right mindset, and have clarity about which activities produce real results, then stay committed and stay the course.  Have the patience and trust that the roots you’re tending will indeed produce stunning growth.  Everyone wants what they want NOW – the real question is can you have the patience, commitment and trust to see it through?

Continue to push yourself through F.U.D., by focusing on the 3 C’s. . . and watch what happens!

You Say You Want a Revolution?

Thursday, March 18th, 2010

3 things to think about before you say YES!

Inspired by the Beatles, the entreQuest tag line, “Revolutionize Your Sales™”, was a call to action and a gut check all wrapped into one. Pretty smart, right?

(Don’t believe me, listen http://www.youtube.com/watch?v=KrkwgTBrW78 or read the lyrics: http://lyrics-a-plenty.com/r/revolution.lyrics.php)

To be or not to be revolutionary?

For companies considering growing their companies in 2010, that is the question. It’s one thing to go start the new decade with a new sales plan. But it would take a revolution of commitment and follow-through for most companies to keep momentum going after the first 100 days so what should you do?

1. Be Honest
Be honest about your company and your team. Is it a lifestyle business, or a growth business? There’s nothing wrong with either one, as you long as you understand what you want and can plan for it. And when judging your company and team… think of Simon Cowell not Paula Abdull – BE REAL HONEST! You know you are being honest if you have more than 1 difficult decision to make each day. This is living on the edge and pushing your company to GROW.

2. Be Willing
The second consideration for companies to keep in mind when choosing whether or not to be revolutionary is how willing you are to engage with your market, community and customers in the powerful, meaningful new ways available. The access to audiences that has become available through social media within the last 3 years is staggering. Online platforms such as Facebook, Twitter and Linked-In, etc., can help you keep the relationship going like never before – and can even put you in position to win new business. Don’t be scared of the net… or that social media fad. If 300 million people are using it already… it’s not a fad, it’s THE new reality.

3. Be Consistent
The third choice Companies need to make about being revolutionary is to decide whether or not you can be consistent. Talk is cheap. There is a HUGE difference between doing it once and doing it all the time. In fact, one of our favorite quotes is: “Don’t take an action to create a result, take an action to create a habit and let your habit create your results.”

It’s not easy, but can be fun!

Be YOUR best,
Joe