Archive for the ‘Sales Management Training’ Category

Are You Facing Sales Fatigue?

May 14th, 2012

Are You Facing Sales Fatigue?

The past three years have been a challenge for most partner organizations. The economy has caused sales teams to face declining prospect budgets, more competitive bidding, fewer opportunities, lower incomes and general personal stress.   As someone that works with partner organizations on a daily basis we have seen all of these situations cause an increase in mental and physical fatigue. 

As partner executives, we have witnessed increased levels of stress because of managing cash flow, personnel decisions, increased costs, decreased margins and personal stress have caused the same problems to appear. As we face another year most individuals are unclear as to the future, will it either be a recovering economy or another challenging series of events?

What is the recipe for ensuring your organization exceeds its goals this year and create a culture of high performance?  From an executive’s Action Plan there are specific tactics to ensure your organization is focused, energized and mentally tough. It begins with a focus on communication and a series of actions to build belief within your sales team. Sales organizations are the critical ingredients in building a total organizations culture of expectation and success.

Executive Action Plans

Monthly Meetings: When a company launches, its first employees typically feel that they share a mission. Everyone knows everything that’s happening and what’s needed to succeed. But when the staff grows beyond about 15 people, that sense of mission-along with clearly defined expectations and common beliefs-can be difficult to maintain.  In challenging times improving communications and providing a sense of mission is an absolute requirement.

We believe that monthly employee meetings are crucial for keeping everyone engaged and informed. (Larger organizations and those with remote offices may want to opt for quarterly day-long events instead.) Such gatherings give you a chance to remind your staff about your business philosophies, plans and expectations. This is your opportunity to provide vision, positive expectations and your roadmap to “better times”.

You can also use them to recognize outstanding employees that contributed to the success of the sales organization, a client’s implementation or company operations. You may consider honoring a Most Valuable Player chosen by the sales team at each session. This will provide a sense of teamwork and sense of good business practices.

Remember to make the meetings fun as well.  Creating FUN in your organization and making people want to work hard are two objectives for leaders who understand employee motivation. Consider sponsoring a fun game, competitive contests for sales leads or even offering simple door prizes. One company meeting I attended featured a surprise visit from an Elvis impersonator, who sang several songs. It is amazing what happens when laughter occurs and the sense of “team” builds.

The real purpose: during your monthly company meetings share your vision for the next 18-24 months and your philosophy for success. This is your opportunity as a leader to build consensus and ensure you communicate your message to your team.  Stay on message, create a theme for the year, reinforce that theme with actions and provide that sense of direction to all employees.  In our sales leadership workshop we discuss the five styles of leadership, the second style is a “selling” style, at your company meetings and at other important events this style is critical. It means you will describe a problem, provide your solution and sell your employees as to why it is the course of action.

Sales Action Plans

In working with our clients, where sales are being lost or the sales team is faltering due to fatigue we often find that the underlying problem is actually an emotional one: lack of passion. Individual team members or the entire sales organization-or both-simply don’t have the combination of enthusiasm and belief that’s essential for success. Their either don’t believe in the products or the ability of the partner organization to successfully deliver quality services.

Salespeople have to be emotionally invested in their work with a burning desire to achieve. They must also believe that the company they represent is the best and the solutions or services they sell are of the highest quality. That belief must be genuine. It’s not just a marketing message, and it’s not something that they can fake. It must be real.

Many sales leaders forget this emotional side of leadership is critical and they don’t build into sales training programs belief-building activities. Or if they do, they only do so occasionally. Our experience shows that the most successful sales teams constantly undertake on-going belief-building initiatives. Examples include:

Storytelling: People from different cultures and generations pass along stories about their ancestries, traditions and lore. Companies need to take a similar approach to capturing and preserving their histories. To do so, write down customer success stories when they occur. Put together detailed descriptions of your company’s role in helping customers implement new technologies, launch or salvage important projects or earn recognition from Microsoft. Then share these stories at sales meetings and other employee events. You can also use the best stories to recruit top performers and help orient new employees. We recommend that you record these stories and play them during your monthly company meetings.

Customer Visits: Each quarter, have your entire sales team visit a client’s company that’s successfully implemented your solutions. Ask the customer’s executive to describe the impact your company has had on their business, their competitive position or to review the savings they’ve gained from your products and services. You might also invite customers to share their experiences at some of your monthly meetings.

Reference Letters: Ask your best customers for testimonials. While such letters are, of course, highly useful as tools for future sales presentations, they’re also valuable for building belief in-house. Frame the letters and display them in your lobby or sales presentation area. Have new employees read them as part of the orientation process.

In our business, it’s all too easy to get bogged down with lost sales, missed project dates and other problems. Regularly reinforcing the positives goes a long way toward keeping everyone’s belief and passion strong and moving in the right direction. These efforts will build a culture of success, a sense of mission and common teamwork and those ingredients are the recipe for a great entrée’.

 

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 provides Keynotes, consulting services and products designed to improve business performance.          

 Ken@AcumenMgmt.com   www.AcumenManagement.com

Blog:  www.YourSalesManagementGuru.com

 

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

Sales Leadership: Creativity is Critical

April 16th, 2012

Sales Leadership:  Creativity is Critical

 In many of my sales leadership workshops and in my writings I have often spoken on the need to hire creative salespeople and the need for sales management to offer creative solutions to the many problems you face.  The good news is “creativity” can be learned and enhanced in everyone!  I believe it is also critical in building a sales culture of high performance and coaching sales strategies.

I recently read a book titled: Perfect Phrases for Creativity and Innovation by Karen Eriksen, published by McGraw Hill.  I picked up the book because in my keynote program; Gourmet Living I normally cover the aspect of adding creativity to your life to enhance both personal and professional success. In reading this book it quickly added ideas and insights that can be easily implemented immediately.  This is a sample of the first four chapters:

  • Creativity Begins with Me
  • Motivating Teams to Be Highly Creative
  •  A Structure for Creativity: Idea Management and Implementation
  • Discovering the “Magic”

 

Each of these chapters and the other four chapters provide concepts, phrases and tools to help the strategic sales leader improve their personal creativity, but the book also includes a process to coach individual performance. What I found extremely valuable was the chapter on “a structure for creativity”.  In this chapter the author identifies eleven steps to lead a team through creative problem solving event. The steps include: 

  • Selecting the creativity team
  • Defining the problems
  • Generating potential solutions (including “wacky” , innovative or probable)
  • Incubation of ideas
  • Evaluating prioritizing, and choosing
  • Improving solutions
  • Generation a menu of potential strategies
  • Deciding on step by step action plan
  • Communication of the action plan
  • Implementation of the action plan
  • Evaluating the results

  In each section Karen breaks down the concept into the detailed steps within each of the eleven categories, as a bonus she includes tools to assist both the leader as well as the participants in improving their ability be creative. While all of these steps are somewhat fundamental in facilitation, the added elements of stimulation for generation of creative solutions becomes the meat within the book.

 Anyone reading this book will come away with the “words or phrases” to use for personal or group stimulation.  Each chapter is loaded with these kinds of phrases. This is just a sample:  of the categories: Perfect Phrases for:  

  •  Brainstorming,
  • Combining or Borrowing,
  • Defining the Problem,
  • Stimulating the Team
  • Encouraging Others Personal Creativity

If you need to improve your own creativity quotient and increase your organizations ability to solve problems more creativity, read this book.

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

 

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Sales Leadership: Work Out Time

April 9th, 2012

Your Sales Leadership Workout

May 9 & 10, 2012

Atlanta, GA

 A Proven Regimen for Getting

Your Sales Organization in Shape  

Build a proactive approach to sales management that creates predictive revenue and a self-managed sales team. 

Learn how top performing sales leaders muscle up their teams to pump up predictable revenues.  Here’s what they have to say: Great content, energetic delivery, high value”

“Informative, educational, spot-on”

“Information and tools you can put to use immediately”

“Outstanding, just what I needed”

“Inspiring”

“Intense

 Designed for sales leaders that want to grow

 May 9th (9:30AM – 5 PM) and May 10th (8 AM – 3 PM)  Atlanta, GA

 Microsoft Education Center

1125 Sanctuary Pkwy., Suite 300
Alpharetta, GA 30009

678-629-5700

 Regimen:

  • 10 proven ways to boost sales in 90 days
  • What you need to build predictable revenue
  • Hiring & training strategies to build high performance
  • Creating a sales driven culture
  • Building sales compensation plans that work
  • Developing a self managed sales team
  • Building a salesperson’s business plan focused on results
  • Motivating your team to higher levels
  • How to coach, mentor and hold more effective sales meetings
  • Building your own sales training program

 Your Workout Bag Includes These Extras: 

  • Your Personal Sales Leadership Assessment ($150.00 value)
  • Sales Manager’s Tool Kit ($175.00 value)
  • Workbook, training materials, case studies (Priceless!)
  • All for only $995.00 per attendee

Your Personal Trainers: November S ales Leadership  

Ken Thoreson, President                          Frank Chamberlain, President

Acumen Management Group                    Resource Technologies, Inc.

www.SalesManagementGuru.com

 Start toning up your 2012 sales team now.  Make the commitment.          Register NOW

 For more information, hotels, etc. contact:

423-884-6328 or ken@AcumenMgmt.com

Sales Leadership: Gaining Insight & Accountability

April 2nd, 2012

Sales Leadership: Gaining Insight and Accountability

 Most sales leaders have a lot of confidence-which is good, but many have never experienced what many CEO’s have, that is an insights and help from other CEO’s.  Also many organizations never gain real insights from their customers or even help from their customers.

 What can you do to improve on these two critical blind spots?  We like to recommend too many of our clients that creating a Client Advisory Board and a Sales Management Advisory Board will begin to improve the business operations and provide a source for insight and accountability.  Let’s first explore a Client Advisory Board.

 Client or Industry Advisory Board 

This type of board consists of current customers that generally meet in a formal basis a minimum of three times a year. We recommend that organizations select not just your “pet” clients but a cross section of clients that will make a commitment for a two year term on the committee. Initially you will want to stagger terms. The purpose of this group is offer you insights into the needs of the customers-from their perspective, evaluation of your; service, sales, operations,  idea’s on market trends-especially important for those partners in a vertical market. They can also be used as sounding boards to gain their perspective on potential new product or service offerings you maybe considering.

 Generally we like to recommend that you have five to seven clients on this Board. Initially the partner executive should prepare a formal agenda, run the meeting, coordinate the appropriate members of your organization to attend the session and assign someone to take active meeting notes. It is important to recognize that you and your team must NOT become defensive over issues that arise or to the comments that are made by the clients during the meetings. However, it must be clear to each person attending the meetings that the Board meeting is not meant to be a negative-complaining (can I use the word) bitch session, but rather one where all parties are sincerely working towards improved performance. If sessions drift towards a complaint meeting, the executive must take action to redirect the meeting. 

 From a sales perspective the fact that you have a formal Client Advisory Board during the sales process can be an important sales asset.  In smaller geographic areas or within a vertical market, prospects will know these individuals and will be impressed with your commitment to the customer experience.

 As your Board matures, you may allow them to elect officers, coordinate agenda’s and generally run the meeting. In several clients this concept has lead to client meeting days where ALL clients are invited to learn, share idea’s and provide the partner organization an opportunity to show appreciation. HINT: when this occurs-you know you have succeeded and we always invite your top prospects. What a wonderful closing opportunity!

 Sales Management Board of Advisors

 Many CEO’s attend monthly/quarterly meetings with their peers to discuss business challenges and gain insights from other business owners, at Acumen we started peer group concept for sales leaders. Until now, individuals with Sales Management responsibility have not had the opportunity to share their plans, their accomplishments and their problems in a secure peer group.

 Our premise is simple: sales management professionals do not have the opportunity to consult with others about the challenges of their jobs, seek advice or gain motivation when needed.  These web based  interactive group learning environment is designed for sales management professionals who wish to learn, cooperate and succeed by sharing their experiences with you.

 Individuals with sales management responsibility face diverse challenges:

            o          Exceeding Corporate Revenue Objectives

            o          Developing Sales Team Capabilities

            o          Balancing Client/Company Objectives

            o          Managing Internal Corporate/Divisional Relationships

o          Managing Time/Energy/Emotional Cycles

o          Balancing Personal/Professional Life

o          Building Efficient Business Models

o          Creating Strategic Direction

 In addition, sales management must focus on:

            o          Sales Management Systems

            o          Compensation Planning

            o          Territory/Market/Competitive Analysis

            o          Distribution Strategies/Channel Management

            o          Recruitment/Training

            o          Performance and Employee Management

 If you face these needs and responsibilities, it’s time to invest in your success!  

The Board of Advisors, offered by The Acumen Management Group, Ltd. provides such a unique opportunity.  A select group of Sales Management professionals will experience what has only been available for CEOs or Presidents-an on-going professional group that works together to help, encourage and challenge thinking. For more information on this service go to: http://www.acumenmgmt.com/SalesManagementAdvisoryBoard121

 How Does the Sales Management Round Table Work?

Our series of 10 monthly web-based events enables a small group of sales management professionals to learn more about their careers, share challenges they face, and gain insights into how other individuals with similar responsibilities succeed, build their businesses, and solve their problems.

 Each group is comprised of 12 to 15 sales management professionals who meet for two hours once a month for 10 months (June/July respite).   Each member has an opportunity to present his or her sales plans, business issues, and challenges for group feedback.

 Members learn from their peers’ plans and assist them with their professional and personal growth.  This group problem sharing and problem-solving environment helps you translate their problems and solutions to your situation.

 I am forming a new group and for 10 months, two hours each month, the Acumen Sales Management Board of Advisors will meet. Register today and make the commitment to grow professionally and personally. Ken@AcumenMgmt.com

 In 2012 gain insights and build accountability into your management equation and see how the formula improves your business acumen.

 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’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

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


Take Advantage of the Opportunity

March 5th, 2012

Take Advantage of the Opportunity

Several years ago, I was speaking in Puerto Rico at a sales conference and while I was waiting for my return flight I was relaxing and started to speak with another flyer. He was British and just finishing his holiday. We discussed mutual occupations and experiences, when he learned that I had just addressed a sales conference he inquired as to the topic and purpose of the event.  After I explained, he said to me: “take advantage of the opportunity of a lifetime, during the lifetime of the opportunity!”  I loved that comment and I have used quite often ever since.

As I approach another birthday that quote is even is more important as each of us only have a certain of number of “opportunities of a lifetime” to experience.   These opportunities can be professional as well as personal. The challenge I see is too many individuals simply moving through life rather than experiencing life.  I am firmly convinced that learning to impact the lives of others through service, trying new things, being kind and simply having fun put more zest in your life and a bounce in your step.  Recently a man that I knew, only slightly, passed away; the comments everyone made about Jim were wonderful.  One that I recall was that whenever Jim met someone, he always asked them; ‘now tell me what you have been up too”…    What a nice way to express warmth.

In our sales management workshops we spend time on coaching, mentoring, and communication skills.  (See other blogs). The one sentence I liked to stress to our attendees or during a consulting relationship is;  when working with your sales team;  when a salesperson calls you or walks into your office the first thing you should say is: “how can I help you”… make sure you express that warmth and demonstrate you care. It will go a long way in building a trusting relationship and the motivation of your team.

Take advantage of the opportunity, I have a short video for you on this concept: http://www.acumenmgmt.com/KeninAction123

Have a great March and finish the quarter strong!

Acumen Management Group Ltd. “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: Leading High Performance Sales Teams is available on his web site.

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

Blog:  www.YourSalesManagementGuru.com

You Don’t Just Hire a Sales Team: you build it

February 20th, 2012

You Don’t Just Hire a Sales Team–You Build It

Developing a great sales organization involves more than just bringing the right people on board. It requires providing the right opportunities and creating the right culture.

 By Ken Thoreson

(This is an excerpt from my latest book: Your Sales Management Guru’s Guide to:  “Leading High Performance Sales Teams”)  

 Recently, in speaking to two prospective clients, I heard the same complaint that I hear over and over from sales executives: “My turnover rate is huge.”

They’re not alone in their concerns. Consider these facts:

  • In one Manpower Inc. survey of nearly 33,000 employers worldwide, U.S. and Canadian respondents both ranked “sales representative” as the job they were having most trouble filling.
  • Nearly 25 percent of the nearly 2,200 sales executives surveyed in another major study reported that turnover had increased during the previous year.

Hiring the right talent is critical in building successful sales teams. Studies show that, if you bring in the wrong salesperson, you lose up to four times the cost of that person’s annual salary and benefits in missed opportunities, management time, fee’s and other factors. (If you’re experiencing turnover, you may find Acumen’s book Hiring a High-Performance Sales Team a valuable resource.)

 Building Your Team: Beyond Hiring

However, hiring is just one part of the equation. It’s also important to develop and retain your salespeople. Here are a few suggestions for achieving those goals:

  • Buff up the “B” team. Obviously, you have a limited number of “A-level” salespeople. So it makes sense to invest some effort in grooming the B-level team members who seem most likely to be able to move up to the top tier.

If you’re recruiting regularly, you’ll have a constant pipeline of top talent available to keep enhancing the quality of your team. Conducting interviews regularly will improve your ability to identify both the winners and the runners-up—that is, the B-team players with strong potential.

Don’t waste time on salespeople who are C-level or below. Many sales managers spend too much valuable time attempting to save poor performers or trying to make their money back on their hiring mistakes. Instead, focus on providing B-level players with the management, coaching and training they need to advance.

 Emphasize education. Design a comprehensive orientation and training program to ensure that new hires hit the ground running–and that they keep moving forward.

We typically advise our clients to establish a three-week on-boarding plan for new hires. That effort typically includes having new employees do everything from reading past proposals to learning to use the customer relationship management (CRM) system and other technologies to making presentations to multiple people, including the president. Managers or assisting salespeople should sign off on each item on each employee’s new hire plan.

The plan should also include a 90-day list of planned objectives. While those objectives will be unique for each organization, they might include pipeline values, revenue goals, sales calls goals and proposals delivered. Having predefined objectives allows all involved to know whether each new hire is on track or requires some additional education.  

  • Create a sales-oriented culture. From conducting numerous exit interviews, we’ve found that many top salespeople leave their jobs not because they’re dissatisfied with compensation, but because they’re frustrated by sales management. Typically, that frustration stems from a culture that blocks sales success via lack of support, poorly designed sales processes and inefficient internal policies that make it difficult to add new clients, generate proposals, process orders or even calculate commissions. Some organizations call this as “sales prevention.”

Recognizing success goes a long way in building a strong sales culture. Offering contests, awards and yearly incentive trips–and maintaining a fun environment—are all important ways to provide that acknowledge.

Sales leaders serious about improving performance should work hard to implement all three suggestions, helping B-level players move up while developing training programs and a culture that encourages and reward success.

 Building Your Team: Working with Company Leadership

Another critical step in building that culture is making sure that your company’s leadership views sales development as a top priority.

That’s not necessarily a given. Many companies’ management teams view their sales divisions as cost centers. In reality, those divisions are profit centers. For that reason, executives should be doing everything possible to help their salespeople execute brilliantly. Again, companies serious about gaining competitive advantage should emphasize developing, mentoring and coaching their sales teams in the same way that they focus on building certification levels for their delivery teams.

Executives from smaller companies often tell us that, unlike their counterparts at larger enterprises, they don’t have the resources to undertake professional-level development projects. (My typical response is: “That’s why you’re still a small company.”) In reality, though, effective sales, training and retention efforts are especially critical for small businesses. Cash flow and decreased sales can have a much bigger impact on monthly profitability for small businesses than for large companies, which can usually better weather a few bumps.

The takeaway: Building a strong sales organization requires developing programs dedicated to each salesperson’s short-term success and long-term growth—and it requires doing so in a positive culture that rewards achievement. Such efforts will help all team members reach their potential and go a long way toward keeping them on board.

 BONUS: a free web cast on “Hiring a High Performance Sales Team   https://www1.gotomeeting.com/register/347130472

Hiring top performers is the #1 job of sales management and it is hardest part of the job. This one hour investment will absolutely help you recruit and hire a better sales team. This program is based on my first book.

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

 

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