Archive for the ‘Sales Management Planning’ Category

Sales Leadership: “Looking Forward”

April 23rd, 2012

Sales Leadership:  “Looking Forward”

Many individuals have commented on my Outlook signature block, before I have my personal signature and where many people say “sincerely”, I have the words “Looking Forward”.

Why do I use those words?  They mean several different issues to me.

First, I am a positive person. Looking forward is always better than that living in the past, while it is good to learn from the past, it is important to remain focused on your future opportunities. In my keynote program Gourmet Living, I sometimes make the point that “you can’t change the way you have lived your life, but you can change the way you live your life!” 

 In a sales management role, you set the tone for your organization-everyday.   That is why I also use the following phases; when someone asks; how are you today? I simply respond, “Its Monday, I ‘m Marvelous! When the day changes;

  • Tuesday I am Terrific!
  • Wednesday I am Wonderful!
  • Thursday I am Tremendous!
  • Friday I am Fabulous!
  • Saturday I am Super!

 This mindset changes how most people will react to you and how you react to them. Be positive be forward looking.

 The second reason I use Looking Forward in my signature line is that good sales leader’s are always looking 90 days to 6 months ahead, being proactive vs reactive. To our long time readers you know I constantly discuss the need for sales managers to be in control of their plan.

  Sales metrics must be forward looking, in that they show what trends are occurring or might occur in the future, hiring plans must be laid our 12 months, sales meetings planned 90 days in advance, and marketing activities designed for a rolling 6 month schedule.  Building predictable revenue is all about being aware of conditions, learning from past but knowing the direction your team is heading.

Looking forward to next week’s blog…. 

Ken Thoreson “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 14 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Ken’s latest book: Creating High Performance Sales Compensation Plans

 Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

Blog:  www.YourSalesManagementGuru.com

No Foolin-Sales Mgmt Should be Thinking Summer

March 26th, 2012

No Foolin-Sales Leadership Should be Thinking Summer

This past week during a consulting session with a client, with both the President and their sales manager we discussed several points that I thought would be good items to bring up in this week’s blog.  April 1st is right around the corner and I want all of you reading this not be this year’s fool.

The first point, which is not an unusual topic, was to ensure both the president and sales management were in agreement as to weekly priorities. Often I find the sales manger focused on important activities during a their hectic weekly schedule; putting out fires, solving administration issues, coaching/mentoring, recruiting, oh and  trying to ensure sales are being achieved. Mean while the president is frustrated that other key objectives are not being completed.  While time management is a major topic for sales leaders, what I almost always recommend is that on Friday afternoons the President and Sales Manager’s meet to agree as to the priorities for the coming week and to discuss the achievements/problems of the past week.  This is what I call managing your sales manager.  On my web site, you can download The Job of Sales Management, it was created for this specific purpose, it defines the 40 top actions that sales managers must work on to achieve predictable revenues. By following this simple recommendation everyone is focused on the “agreed to” priorities.

The second point is about summer. What I mean about sales management thinking about summer is not about vacations-it’s about forward thinking. In my discussions this past week, it was obvious both the president and sales manager were thinking week to week, while that is important to attain revenue goals, it becomes a treadmill that brings exhaustion-both mentally and physically to everyone. As a result of the conversation I recommended the following actions:

  1. Know what your revenue objectives are for the next 5 quarters and make sure you match your hiring plans to achieve the goals. Know when you need to hire salespeople in time to be trained to achieve your sales objectives.
  2. Prepare a planned organizational chart that extends over 18 months, this will help in number 1, but also provide you an awareness of your resource needs.
  3. Create your sales dashboards for a weekly, monthly, quarterly, and even year-to-date analysis. By doing this you will see a better trend analysis and you will be paying attention to both short and longer term results.
  4. Plan and define your sales training plans quarterly, with topics, dates/times and people responsible. (frequent topic in this blog)
  5. What sales promotions, contests, and sales games do you have planned for the second quarter and even this summer to maintain revenues and to create fun?

 

Advanced or forward looking planning will greatly reduce the stress and improve the functionality of the sales manager. It will also reduce the natural stress that is created when managing a sales organization and working with the executive team within your company.

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Ken’s latest book is “Leading High Performance Sales Teams”.

 

Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

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Sales Leadership and Management in a Recovering Economy

March 19th, 2012

Sales Leadership and Management in a Recovering Economy

I am speaking this week in Houston on the title of this blog, it is March 19th, 2012 and during the past few months the stock market has taken off and the papers shout out about the positive economic indicators that are being recorded: rents are heading up=housing will take off, (a leading indicator?) monthly job creation rates hit 200,000, etc….  What is your perception? More importantly what are you doing to lead and manage your organization and prepare of better times?

 

In today’s economic times, the companies most likely to thrive are those that invest time in scrutinizing their strategic sales-management plans. They review everything from their forecasts to their pipelines, looking hard at important numbers such as cost of sales, percentage of market share, salesperson-effectiveness ratios and customer lifetime value.

When we see companies struggling, it’s often because they lack such blueprints. Effective plans require combining an organization’s goals and individual salespeople’s business plans with a set of metrics designed to gauge everyone’s progress in meeting those objectives.

 
 

Following are what we believe are the fundamental metrics that partners should include in “dashboards” for measuring their sales teams’ effectiveness:

  • Accuracy percentage for monthly forecast, by salesperson
  • Dollar value of pipeline by stage; number of opportunities by stage
  • Dollar value of pipeline ratio to future monthly quotas
  • Actual sales activity compared to a defined set of standards
  • Average order value
  • A Win/loss rate percentages, by salesperson

Beyond the Basics
As you continue developing your company’s dashboard, you may wish to build in additional metrics such as the following:

  • Value of net new account sales as percentage of total sales for month and year to date
  • Existing account sales as percentage of total sales, month and year to date
  • Rev salesperson profitability to sales volume
  • Revenue per current customer per year as percentage of total sales
  • Cost per lead, by source
  • Sales-cycle time from initial contact by salesperson to decision
  •  Number of days with sales outstanding, goal vs. actual
  •  Blended billing consultant rate, goal vs. actual
  •  Realization consultant rate, goal vs. actual
  • Utilization consultant rate, goal vs. actual
  • Consultant backlog days, goal vs. actual
  • Direct sales expense as a percentage of volume, margin and quota

Looking Ahead: Leading Indicators
In addition, smart sales leaders increasingly rely on what we call “leading indicators.” These are activities or ratios that can predict revenues at least 60 days out. While simply looking at future pipeline values can provide a similar forecast, growth-focused partners may find these indicators useful as well.

In most cases, sales events occurring early in the sales cycle are most likely to lead to high-percentage sales opportunities. If these begin to fall, future pipelines and revenues will probably follow the same pattern. Potential leading indicators include the numbers of:

  • New-prospect calls made per week
  • Face-to-face sales calls made per week
  • Subject-matter expert or pre-sales tech-support calls made per week
  • Discovery calls made per month
  • Demonstrations and executive presentations made per month

We also recommend creating graphs comparing these numbers to dollars booked or margins generated, which can help salespeople see the relationship between indicators and results.

Finally, remember that the ultimate goal is improving your ratios and results each month and each quarter-not simply tracking them. That’s the real reason for developing a dashboard-and the real route to success.

About the Author

Ken Thoreson is the president of Acumen Management Group Ltd., a North American consulting organization focused on improving sales management functions within growing and transitional organizations. You can reach him at ken@acumenmgmt.com.    (Web): www.AcumenManagement.com or (blog) www.YourSalesManagementGuru.com  His latest book: “Leading High Performance Sales Teams” is available on his web site.

The Sales Manager that Does It All…

March 12th, 2012

The Sales Manager that Does It All

First of all, the title of this blog is impossible and second of all, it wouldn’t be right.

No matter what size of sales organization you manage the sales leader that assumes they are responsible for everything or solving every problem generally fails to achieve the ultimate objective.  With the majority of new sales managers we find them wanting to make the sales team feel they are delivering value and helping the salespeople on the various tasks, problems and complaints they bring and therefore they tend to attempt become the main cog in the sales organizations.  Nothing can be further from the primary goal.

First, the sales manager must recognize that it is their job to make the salespeople independent of them, not dependent on them.  When I find that the sales manager is the first and last person to leave the office, I know this could be an issue.

Second, when I review the “to-do list” for the sales manager and find topics that don’t belong there; I am convinced this dependency factor exists.

The ideal sales manager shows up on time, takes a nice lunch break and leaves before his/her’s sales team.  How does this happen?

  1. Focus on hiring only quality salespeople, I have written extensively on this, but without, the Sales manager is always struggling and generally fails.
  2. The sales manager must recognize it is not their job to make quota every month, it is the salespersons.  Once this is clearly understood, the next elements fall into place.
  3. Every six months, each salesperson must create a personalized salesperson’s business plan. This is more than a simple forecast, but a plan on how they will achieve their quota.  In fact we like to suggest they have to forecast 3 times their quota-by account, their own training plan, activity objectives, and personal goals.
  4. The 90 day sales training plans are prepared each quarter, with dates/times and topics carefully designed.  Salespeople or other individuals within the firm are assigned the responsibility for delivering the training. The sales manager only plans the training.
  5. Individual salesperson reviews are held once a month, formally each quarter.
  6. The Monday morning sales meetings follow the pre-planned agenda/format and are positive events.
  7. Sales Contests are fun and are planned on a yearly basis.
  8. Individual salesperson coaching on sales skills occurs during regularly scheduled sales calls, not just whenever it happens…
  9. The sales manager has figured out the recipe for the business.  They know what metrics to measure to comfortably predict revenue and each salesperson knows and measures these metrics themselves.

What is the over theme in this blog?  Being under-control.  There are systems are in place, the salespeople know the plans, they are held accountable and fully understand that management is there to support them, not take care of them.  If you want a more complete list and to help you develop a prescriptive approach to sales management, go to our website: www.AcumenManagement.com and download a free white paper: The Job of Sales Management.

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Ken’s latest book is “Leading High Performance Sales Teams”.

Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

www.YourSalesManagementGuru.com


Your 2012 Sales Plan

January 3rd, 2012

 Your 2012 Sales Plan

It’s a little late to begin planning your 2012 Sales Plan, but in a conversation last week with a reader of this blog, I realized there maybe others who have not formalized their 2012 plan.  I have included below the various “categories” you should consider in building a plan.

 Other questions you should consider:

          What went well in the past year?

  •          What did not go well?
  •          What are the key drivers?
  •          What are the key metrics?
  •          What are the risks?
  •          What are the opportunities?

          What are some of the specific factors you will be
facing in 2012?

  •          What assumptions are you making about the market in 2012?
  •          What assumptions did you make about your
    offerings in 2011? Still true?
  •          What assumptions did you make about your company
    capability in 2011? Still true?

 

 Topics:          Table of Contents for the Section

 Executive Summary

  1. Company Mission and Strategic Alignment

2.1.1     Company Mission statement

2.1.2     Company Goals

2.1.3     Company Strategy

2.1.4     Company Critical Success Factors

2.1.5     Key measurements (Market share, profit, growth, etc)

  1. Sales Goals

3.1.1     Revenue

3.1.2     Profit

3.1.3     Units or Product Groups

3.1.4     Target Customers

3.1.5     Market Share

3.1.6     Other Goals

3.1.7     Sales Organization

3.1.8     Personal Goals

  1. Market Coverage Strategy

4.1.1     Market definition

4.1.2     Territory definition

4.1.3     Target Accounts

4.1.4     Customer buying process

  1. Sales Strategy

5.1.1     Channel strategy (link to Sales Strategy player)

5.1.2     Partners and Alliances

5.1.2.1.1    Strategy

5.1.2.1.2    How to leverage relationships

  1. Sales Cost Model

6.1.1     Compensation targets for sales organization

6.1.2     Travel and Entertainment

6.1.3     Discounts, promotions

6.1.4     Reward and Recognition

  1. Develop Human Resources (Link to Build an Organization)

7.1.1     Candidate profiles for each position

7.1.2     Job Descriptions

7.1.3     Hiring Process

7.1.4     Growth Plan (hiring plan)

  1. Training Plan

8.1.1     Sales skills

8.1.2     Product Service

8.1.3     Sales Process

8.1.4     Sales Certification

8.1.5     New Hire Training Plan

 

  1. Compensation Plan (Link to Reward and Recognition)
  2. Sales Process/ Sales Cycle definition:  Key milestones, %Probability to close (Leads, Qualify, demo, proposal, close, revenue recognition, customer care)

10.1.1  Productivity Model,

10.1.2  Model Pipeline

10.1.3  Activity metrics

 

  1. Sales Tools (Q-screens, proposals, standard documents, contracts, sales collateral kits, case studies, ROI/justification calculators), section?
  2. Support systems (HR, Marketing, administration, IT, Engineering, Manufacturing)

12.1.1  Sales Force Automation/ CRM technology

12.1.2  Marketing support:  Collateral, lead generation, PR events, trade shows, Press releases

12.1.3  Competitive Analysis

  1. Execute
  1. a.    Prepare for launch, (internal buy-in to plan, communication)
  2. b.    Launch (Kickoff meeting), move to Tools to execute
  3. c.    Pipeline Development process
  4. d.    Commission and performance reports
  5. e.    Customer Relationship programs 

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America.  Ken’s latest book: “Leading High Performance Sales Teams”.

 Ken Thoreson provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com (website)

www.YourSalesManagementGuru.com  (blog)

 

 

The Times are a Changing, Are You?

December 13th, 2011

The Times are a Changing or Are You?

At the end of each year I write down my personal and business goals for the new year in seven different categories. The challenging part of that exercise is I have to review the goals that I had set from the past year and grade my performance. I have saved these sheets from the previous 20+ years and it’s a telling experience, I have found there are always good goals, just sometimes unrealistic timeframes.

 I would suggest you review your past 12 month’s performance; ask yourself: “have I changed or improved my organization?”  If you are a new reader make sure you review all of the previous blogs for idea’s and tips to improve your personal or professional performance.

 As I look forward into 2012 and think about current topics and potential new blogs, it occurred to me that asking you to evaluate your current status on a few basic sales management topics might be a great spot to get ready to leap into the New Year.

 

Please score these 1-5, 5=highest

 

Rate how comfortable are you that you know what percentage of the pipeline in the current category is required to ensure the current sales budget is exceeded? 1, 2, 3, 4, 5
Rate how comfortable are you that you have enough pipeline potential in the 30, 60, and 90 categories to exceed future monthly quotas? 1, 2, 3, 4, 5
Can you visually see all of your top 10 dollar potential forecasted accounts, from your desk? (out of sight-out of mind) 1, 2, 3, 4, 5
How well are all key accounts targeted?  Rate your plan to attack them? 1, 2, 3, 4, 5
Rate the quality of your interviewing process that ensures the best candidate is selected not the best available candidate is selected?  1, 2, 3, 4, 5
  

 

 

 
Rate the quality of your 3-month sales-training program, is it defined and implemented? Do you have a salesperson Development Plan implemented to improve the professionalism of your team? 1, 2, 3, 4, 5
Rate the quality of your CRM/SFA system, is it being used effectively?  Is it up to date?  Is it backed-up? 1, 2, 3, 4, 5
Rate how your compensation plan works? Are your company’s goals aligned with the compensation/quota programs?           1, 2, 3, 4, 5
How well are your sales leading indictors defined, are they measured, posted-Graphed-Analyzed? 1, 2, 3, 4, 5
Do you have regular scheduled and unscheduled “Coaching” sessions with each of your salespeople? 1, 2, 3, 4, 5
How would you rate the effectiveness of your sales contests and business games? Are they planned to promote revenue and build teamwork? 1, 2, 3, 4, 5

 

  Total Score                                      _________

45-55                                                    Minor Tuning Maybe Required

35-44                                                    Consider Several Projects Are Required

25-34                                                    Will Need Multiple Actions Taken Quickly

0-24                                                      Major Assistance Required NOW

 Confidential Property of Acumen Management Group, Ltd All Rights Reserved. No Reproduction without Authorization

 Many of these topics are critical for building a high performance sales team as well as increasing the predictability of your revenue.  I believe it’s critical that a sales manager or owner know a few basic ratios of their business, as in the ratio of potential revenues in the pipeline to the defined  sales quota vs actual attainment. Over a 6-9 month basis of tracking these information you will find your closing ratio’s, the value of how much potential revenue must be generated each month to enter your pipeline and what you need at the beginning of each month to attain your sales quota.

 I also like the idea of “out of sight-out of mind”. If you have major accounts-you must have a written plan of action, for each account, for at least three months. If you have major sales opportunities to sell each month-you must have their name and action plans visibly defined on your wall or desk. This will ensure you are consistently aware of your important prospects.

 Since recruiting and interviewing are the number one most important aspects, making sure you do it right becomes critical! View my free video on www.AcumenManagement.com

Depending upon where you scored or in what area you didn’t score as well as you thought, stay tuned to this blog as we move into 2012. I will be touching on many of these topics and others in greater detail as the year moves along.  If you would like to suggest specific topics for me to cover in one or over several columns please send me your ideas too!

 Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Move up and move ahead!

 Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

www.YourSalesManagementGuru.com

 

 

 

Sales Leadership: 10 Sales Kick-off Idea’s

November 14th, 2011

Sales Leadership: Ten 2012 Sales Kick-off Meeting Idea’s

 While working with a client last week it became obvious that we are moving into the time to  prepare 2012 budgets, new compensation plans and something most sales manager’s don’t take enough time in developing;  their 2012 Sales Kick Off meeting.  

Already many larger organizations are booking their sales conferences for the first quarter where they will invite their sales teams, vendors, resellers/partners to hear their plans to make 2012 the “best year ever”.  Keynote speakers, breakout sessions, new marketing plans and product demonstrations will all be coordinated to increase enthusiasm, salesperson belief and excitement that the new year will bring.  I know this because I am booked for five events already.  However just because larger organizations are planning their formal conferences it doesn’t mean as a sales leader you shouldn’t be planning an event for your sales organization.

A yearly sales kick-off meeting can be organized as an off-site/overnight 2 day program or as simply as a ¾ to a ½ day event.  You should schedule them no later than mid-February. However the basics of any sales kickoff event should include the following planning ideas. These ideas’s are not in any order of priority.

  1. 1.      You should announce theme for the new year. This should be a positive statement of your major objectives and something that can be reinforced throughout the year.  “Be Brilliant on the Basics” or Nike’s: Just Do It! Are two examples, comment below on your ideas for your sales theme for the year!
  2. 2.      Include time for sales training on sales skills. You might hand out a sales training book, as a gift to each salesperson, this will be your first quarter “must read” book. You can use the book for extended sales training during your meetings. Also roll out your first quarter sales training plans.
  3. 3.      Announce a first quarter sales contest. (see previous blogs for ideas)
  4. 4.      Announce a 2012 yearly sales contest; this should be a big prize for exceeding the salesperson’s quota. Examples include:  a trip to a resort, a cruise or a trip to an island.  Remember these kinds of incentive programs are not expenses but paid out of incremental revenues/profits. The roll out should include written rules and pictures of the location, etc. See my book: Creating High Performance Sales Compensation Plans, for idea’s on sales contests. www.AcumenManagement.com
  5. 5.      Describe and show your marketing plans for the first six months. This will show the salespeople how your organization is planning to support the sales team.
  6. 6.      Schedule the president of your company to give a short message on his/her philosophy on sales and the culture of your organization.
  7. 7.      You may or may not announce your new compensation plan at this event; it all depends upon the degree of change you are making. With minor changes, it’s a great time, with major changes schedule a separate meeting.  HINT: Do not roll out the new compensation plan as the last topic of the meeting; schedule it early in the afternoon, if your event is a full day meeting.
  8. 8.      Make sure you make the meeting fun!   As the sales leader work on activities that create the right culture and teamwork, create a game that everyone participates in during the event.
  9. 9.      Make sure each salesperson presents their “Business Plans” for the year, based upon the number of salespeople this can be done by breakouts into regions, smaller groups or as a single group. These business plans include not only forecasts but personal commitments to activity levels and professional growth.
  10. 10.  Bring in an outside speaker. This could include a customer telling of their satisfaction with your firm, a sales trainer or a motivational message that propels your team to excellence. See for more idea’s: www.AcumenManagement.com

This is your time to bring a coordinated program that sets the tone for the new year. Make sure you take the time to do it right.  What additional ideas do you have? 

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Move up and move ahead!

Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com Blog:  www.YourSalesManagementGuru.com

Fix the Economy: Sales Leadership Must Be the Stimulus

September 19th, 2011

Fix the Economy:  Sale Leadership Must Be the Stimulus

By Ken Thoreson

While most eyes are on Washington DC and Wall Street to judge the health of the economy or to propose plans to that will “solve the problems”, everyone that reads this blog knows nothing happens unless a salesperson sells something!

I am firmly convinced that the VP of Sales, Sales Director, or Sales Manager are the linchpins that drive the growth of any organization.  They set the direction, culture and create the intensity required for success, in today’s economy it is our  responsibility to jump  start your business that will in turn impact other organizations and eventually the economy.  This will be a massive effort, but we can start TODAY!  I have listed a few ideas to that will begin the Sales Leadership Stimulus program. Let’s keep the ideas flowing to help everyone succeed…

  1.      Make sure every salesperson has a 90 business plan with activity goals, account strategies and revenue objectives. Vision and action must be in alignment
  2.    Schedule a sales skills training event at least everyone other week-assign members of your sales team to train each other.
  3.  Develop a “Cross Sell-Up Sell Plan for each of your existing customers. Determine what products/solutions each client currently uses and what other products/solutions you can sell to them.
  4.       Create a specific Current Client Contact Campaign using #3 above, assign X number of clients to contact per week/salesperson, track sales results for 90 days.
  5.    Ask each of your vendors: products/services/ administrative, for funds or gifts to use in a company wide sales contest between now and the end of the year. Read my book: Creating High Performance Sales Compensation Plans for other ideas
  6.     Create an active scheduled Tele-Sales Blitz Days in your office with your sales team. Schedule a minimum of two hours a week where everyone prospects for new business. Track daily results for appointments.  HINT:  Make this a fun time.
  7.    Once a month take your sales team to a satisfied client’s office for tour and demonstration of how they use your products/solutions. This will help build  belief in your company, something required for salespeople to be mentality tough in these times. See past blogs on this topic.
  8.  Develop a peer group of other Sales Leader’s; share your ideas, ask for advice.
  9.    Build a team fun event where you roll out your goals, programs, create the enthusiasm to execute your plans. You must always be the positive leader, with excitement, energy and focus. Your team must believe in your plans.
  10.   What other ideas did I forgot?  List your comments  below. 

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Move up and move ahead!

Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

                Blog:  www.YourSalesManagementGuru.com

Sales Management Thought Leadership:Efficient Effectiveness

September 6th, 2011

Sales Management Thought Leadership:  efficient effectiveness

As an Eagle Scout I can discuss the topic of “Be Prepared” easily and based upon this past Sunday it even has more credibility. Sunday was “Boom’s Day” the largest fireworks display in the U.S  occurs each Labor Day weekend in Knoxville, TN-so what does that mean?  An estimated 400,000 people flock to the river front to watch the event; boats on the river, people lined up on the docks,  roads and every home, parking lot and condo packed with friends and neighbors.  As this was my first time to witness 45 minutes of noise, color and lots of OOOh’s and Ahhh’s I had to be prepared. Did I mention the potential of rain?

For two weeks, prior to Sunday,  I asked everyone about the event; where to park, when to arrive, double checked my reservations for my dinner cruise and thought of what to pack in my knap sack.  The good news was I found a parking spot in the first ramp I drove into, arriving at 2:30pm allowed my friends and I to casually walk thru Market Square, stop for  refreshments and sushi and then walk the 10 blocks to the river walk and boat launch. When the rain came we had hats’, ponchos, umbrellas and at 9:30pm when the show began, the rain stopped. On the walk back to the car, I took out my flashlight and the four of us made it home by 1am.  A great evening to remember.

What does this have to do with sales management?  As a manager you must be prepared-at all times for almost any event.  The best plan is to have a plan and to consider what might go wrong or what could impact your ability to exceed your objectives.  I have simply listed below a series of topics for your consideration and for you to double check against your plan or lack of plan.

Do you have a plan?

       If you lose a salesperson

       If your sales team needs sales training

       To increase the sales culture of your team

       To increase your networking/partnering function

       That generates excitement for your products/services

       To say thank you to your support team

       That increases your level of professionalism/education

       To create a sales contest that drives revenue

       That adds net new customers to your base

       That drives the necessary sales leads for each month

       To say thank you to your existing customer base

       To increase your public relations exposure within your community or market

       That will increase/improve your vendor relations

       To improve your CRM effectiveness

       If your computer systems fail or are destroyed

 That’s enough for now, but if I missed anything, comment below, let’s build a complete list for the future.

HINT:  this is a great idea for your next management meeting, simply begin by asking each of the departmental managers about their problems or contingency issues that arise on a day to day basis or what might occur if a disaster of any kind happens-then ask them for their plan.

 Why is this critically important today?  In any kind of business environment,  the organization that operates the most efficiently generally out performs their competition, in more challenging times a focus on efficient effectiveness must become the mantra for the day.

Ken Thoreson “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 13 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America.

 Ken provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com Blog:  www.YourSalesManagementGuru.com

The Essence of Education

August 22nd, 2011

THE ESSENCE OF EDUCATION

By Ken Thoreson

This blog is from a chapter in my latest book: “Leading High Performance Teams” I thought you would enjoy it. As we move into the final months of the year ensuring your sales teams are more professional is critical to exceeding your goals. www.AcumenManagement.com

Developing well-coordinated training programs for new salespeople and existing salespeople alike can provide tremendous ROI.   

By Ken Thoreson

In working with clients, we at Acumen Management often find that sales-training programs suffer from problems such as inadequate new-employee orientation, sporadic and unfocused ongoing training  and nonexistent or ineffective role-playing scenarios. Many clients also lack any type of coaching or mentoring in the field, during or after routine sales calls.

The good news: Sales- training programs don’t have to be sophisticated or expensive. To ensure success, you need only a few basic components: a comprehensive plan that spells out your training program’s goals and components, a clear ongoing process and, above all, effective execution.

A Comprehensive Plan
Your plan should contain an outline for initial employee training on functional job requirements, company product and service offerings and corporate benefits, along with recurring plans for training existing employees.

Many organizations’ training plans are missing one key factor: making sure that employee interest and motivation levels remain high. This process, which involves helping team members commit to the organization and align their personal and professional interests, is known as “re-recruiting.”

The perfect opportunity to set a lasting tone is when new employees join your company. If you have customer letters of reference, have the newcomers read them. If you have awards, explain how you earned them. All new employees should have lunch or a meeting with the person at the highest level in their divisions; in smaller companies, that would be the president. Commitment, loyalty and the right attitude will begin to develop at these sessions. 

At Acumen, we believe in creating a detailed three-week new-hire training plan. Each week is broken down into specific training and knowledge-transfer components— with homework! The plan must cover everything, including:

  • ·         Legal documents
  • ·         Marketing case studies
  • ·         Using the phone, fax machine and customer relationship management (CRM) system
  • ·         Presenting and selling your organization via its brochures and PowerPoint presentations
  • ·         Scheduled lunch meetings with key executives

… and more, based on your organization’s specific needs.

It’s critical that you clearly define each element of your training program and that the people responsible for each area sign off as each new hire has successfully completed the training.

 A Clear Long-Term Process
To ensure success, your training plan should be designed so that you’re continually updating your team’s abilities. The plan should cover the following areas: sales skills, product and services knowledge, company operations, industry awareness and, if appropriate, understanding of key vertical markets. 

Plan and organize your sales meetings for the entire quarter. Develop a comprehensive plan for repeatedly touching on each of the elements listed above over the course of the quarter (although not necessarily addressing all of them at each event).

The plan should also include personalized six-month programs that allow salespeople to set their own goals. This process helps ensure that individual and corporate goals are fully aligned. One of my clients requires its salespeople to attain several certification levels each year. In one instance, the salesperson has 15 minutes to review a case study before walking into a room where an actor plays the role of the client. Three independent professionals evaluate the salesperson’s performance, which may be videotaped for later review. The salesperson must receive a passing grade before moving on to the next level.

Effective Execution
To get your training program off the ground, first develop a written three-month sales training plan. Include a mandatory, predefined schedule; emphasize that employees must schedule their other meetings around it. Assign sales team members to present most training topics (if salespeople have to train others on a topic, you can be sure they’ll know the material cold). Schedule sessions with outside trainers at least once per quarter. Establishing a short-term plan and agenda ensures that you address current issues while meeting the goals for providing ongoing training.

Bottom line: Employees are a critical asset. Most software systems have regular maintenance check-ups and support agreements to keep them at current levels. Your employees require at least as much attention. Keeping your employees’ personal and professional objectives aligned with your corporate goals through training and re-recruiting will ultimately result in huge dividends. 

Acumen Management Group Ltd. “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 12 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for partners throughout North America. Move up and move ahead!

Ken  provides Keynotes, consulting services and products designed to improve business performance.           Ken@AcumenMgmt.com   www.AcumenManagement.com

Blog:  www.YourSalesManagementGuru.com