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Tony Cole

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How Did Your Sales Year Start?

Posted by Tony Cole on Tue, Jan 05, 2016

For many sales managers, the year end came to a sudden stop last Thursday as they closed the books on 2015. Yesterday, January 4th, you were back at the office kicking off a new year of sales. Depending on the type of sales you and your team are in, January results are a result of what you did at the tail end of 2015. With that in mind, how is your March, April and May shaping up?

Was your Monday a “Black Monday”? The Monday following the final game in the NFL is known as Black Monday because many head coaches lose their job for failure to manage, coach, recruit the team to success. (8 coaches lost their job.)

coaches.png

If you don’t know - or you’re not sure - then you’re in trouble. In most B2B sales (Dismantling the B2B sales cycle HBR article), there is at least a 30-day sales cycle. If that is the case, then December determined your January and you may have closed out last year excited about your start to 2016. Did you enjoy the last week of the year knowing you were off to a great start… or were you were worried, mad or frustrated about where you might be headed?

If you are in B2B sales, then January 4th was about making sure your Q1 was going to be on target and you were looking at leading indicators like sales activity, pipeline opportunities, sales in process and presentations scheduled for the next 30 days. If that is not what your Monday looked like, then there are a few things to consider:

If your sales cycle is 90+ days, then:

  • By the end of October you knew how good January was going to be.
  • The first week of January tells you how good April is going to be
  • If you didn’t know how good January was going to be, then there is something missing in your sales managed environment.
  • If, by the end of this week, you cannot tell your president, executive committee, CFO or board what the first quarter will produce or how April is setting up, then now is the time to put in place the right systems and processes.

Effective sales management is a combination of 5 crucial functions:

  1. Recruiting
  2. Performance Management
  3. Coaching
  4. Motivating
  5. Upgrading

Each one of these functions has associated systems and processes that allow the effective sales manager to run the operation, manage the people and provide valuable business information to those who need it. Performance management is the function we are addressing today.

An effective performance management system allows you, the manager, to accurately predict the future sales health of the organization. Unlike a mutual fund that cannot promise future results by looking at past performance, you should be able to promise future results because your systems and processes provide you real time information about what you team is doing or failing to do. With the billions of dollars being spent on CRMs (BASE Sales CRM – Better ROI than SalesForce.com), you should, at the push of a button, get reports for leading indicators of sales:

  • Current sales activity
  • Current sales ratios
  • Reliable pipeline sales projections
  • Who is heading for failure
  • Who is on target or ahead of goal

This is what you should be getting out of your CRM. You’re not? If not, then you are always managing from behind. You are always playing catch up. You are always at a loss as to what is really going on with your sales team and you are always a bit surprised, disappointed or frustrated when the sales report comes in at the end of the week, month or quarter.

This should not be happening!

Now what? Now is a good time to take stock of 2015. Take a half-day and analyze what happened or didn’t happen. Who succeeded and why? Who failed and why? When it comes to those that failed (anyone less than 95% of goal should be considered as “failed”), my question to you is this: “When did you know?” Building the right sales managed environment and then managing that environment are keys, not the only keys, but critical keys to your 2016 success.

As you do your analysis, you must ask yourself a couple of questions:

  • What am I doing or not doing that contributes to these results?
  • What must I start doing?
  • What must I keep doing?
  • What must I stop doing?

You're the head coach. The responsibility is yours. Take a look at what’s happening, make adjustments and tough decisions… and then implement the right systems and process that will drive your sales success in 2016.

Additional Resources:

Hirebettersalespeople.com

Sales Management Certification

On Demand Learning and Training for Sales

Topics: sales management, improving sales results, sales success

The 5 BEST New Year’s Resolutions for Sales Management

Posted by Tony Cole on Mon, Jan 04, 2016

I stopped doing a formal list of New Year’s resolutions a long time ago. I don't remember when exactly… I just know that I did. Maybe I just got tired of the process of knowing that, in the end, some of the things I wrote down would get done and others were just wishful thinking.

gym.png

As a sales manager or VP of Sales, I’m sure there is a long list of things you could come up with that, if committed to and executed, would lead you to great success in 2016. But what is really going to be different this year from last year? My guess is that some of the problems you need to go away in 2016 existed in 2013, 2014, and 2015. Why are they still on the list?

Here are my suggestions for resolutions in 2016 that, if and when executed, will solve most (if not all) of your sales problems.

  1. Performance management - Simply inspect what you expect and what you expect will get done.
  2. Eliminate excuses – Stop making them for your people and stop accepting them from your people.
  3. Coach your people – Focus your attention on the training and coaching that improves skills and changes behaviors.
  4. Apply the 80/20 rule to yourself – If there are 20 things you do week in and week out, there are probably only 4 to 6 that really matter. Those 4 to 6 activities generate 80% of your results. Spend 80% of your time doing those things.
  5. ABR – Always Be R You have at least 20% of your team that is not performing and are not going to perform. Fire them. In order to do that, recruiting has to be on the list of 20% of the things you do that impact results. Spend at least 20% of your time finding the right talent to do the right job.

Additional Resources:

Hire Better Sales People – Link to a program to eliminate hiring mistakes

Sales Management Certification – Become a better sales manager

9 Keys to Successful Sales Management – A primer on sales management success

Text me for help – 513.226.3913 – Text “HELP” and provide your name.

Topics: sales management, managing sales, new year's resolutions

Key to Successful Selling – Manage Your Players to These 5 Rules of The Game

Posted by Tony Cole on Tue, Sep 22, 2015

I’m reading Fast Company magazine this morning and realize I don’t get out of it what I used to.  It’s probably a combination of how I’ve changed, how our company has changed and how the magazine has changed. This got me thinking about other articles I’ve read about how selling has changed and the “keys” to selling in today’s market.

9_keys_to_successful_coaching_cover

I did a quick Google search for “keys to sales success” and here are some of the articles that Google found:

But, this is what I think – the keys to successful selling really haven’t changed that much… if at all.

In 2005, I read Dave Kurlan’s book, Baseline Selling.  Dave took the fundamentals of effective selling and used the baseball diamond and baseball terminology to explain his sales process. If you think about baseball, or look at old baseball videos or pictures, you will find that the game today is essentially exactly the same game that was formalized in New York about 1840.

I am convinced that the “game” of selling is exactly the same game that Frank Bettger (Author of How I Raised Myself From Failure to Success in Selling) was playing in 1952.  I read his book over 15 years ago, but I didn’t know this fact about Frank until today – he played professional baseball for the St. Louis Cardinals. With that in mind, let’s stick with the baseball theme.

The Rules of the Game for Successful Selling

  1. Take batting practice every day - Practice
  2. Take what the pitcher gives you – Focus on what problem your prospect has to solve.  Leave your product briefcase and brochures in the car.
  3. Swing at YOUR pitch – Just like a batter faces lots of pitches and only are a few are ones he can really connect with, you will face lots of prospects, but only work with those that you can really work with and help.
  4. When the 1st base coach is waving for you to keep going, go to second base. When you find out that your prospect has a “have-to-fix-problem”, that doesn’t mean you try and steal home.  Go to second and make sure they have the money to fix the problem. Go to 3rd to make sure they are committed to investing the time, money or resources to fix the problem.  Before you head for home, make sure you can score when you get there – the prospect is committed to making a decision.
  5. In the first inning, you might strike out, hit into a double play, walk to first, get hit by a pitch, get stranded on first, etc. You have to shake all of that off because you have 8 more innings to play. Anything can happen as long as you keep going and getting at bats.

Additional Resources:

Drafting better players – Hirebettersalespeople.com

Sales Management – 9 Keys to Coaching Sales Success

Free book for your salespeople – Why is Selling So Damn Hard?

Topics: Sales, SME, Selling Success, sales management

Hiring The Right People Improves Sales Success

Posted by Tony Cole on Fri, Nov 11, 2011

There is a saying in sports; “You can lose with great people but you cannot win without them.”  This theory applies to business, and winning in business starts with a winning sales team.  

Let’s return to the sports application first.  Theo Epstein was the general manager for the Boston Red Sox.  The Chicago Cubs hired him away from the Red Sox and his first item of business to address is the hiring of a new manager for the club.  

Below is an excerpt of a recent article about the process he is going through to get the right person for the job.  Earlier in the week, he had made it clear that one of most important criteria for the job was that the candidate MUST HAVE major league managerial or coaching experience.

One media person inquired what type of attributes Epstein is looking for in a manager.

"In the real world, it's hard to find a candidate that has everything you're looking for," Epstein said. "What you do is you weigh your variables and make your sacrifices where you have to. Often times, if you're going to take a candidate without previous managerial experience, even at the minor league level, he has to represent real upside in other areas. In that case, you have to do even more due diligence than you normally would because you're projecting him into that role."

One of the talked about candidates early in the selection process was Ryne Sandberg.  Below is his stellar baseball resume. 

Ryne Dee Sandberg (Ryno)

Positions: Second Baseman and Third Baseman 
Bats: Right, Throws: Right 
Height: 6' 1", Weight: 175 lb.
Born: September 181959 in Spokane, WA (Age 52) 
High School: North Central (Spokane, WA)
Drafted
 by the Philadelphia Phillies in the 20th round of the 1978 amateur draft.
Signed June 15, 1978. (All Transactions)
Debut: September 2, 1981 
Teams (by GP): Cubs/Phillies 1981-1997
Final Game: September 28, 1997 
Inducted into the Hall of Fame by BBWAA as Player in 2005 (393/516 ballots).

I won't list his stats - induction into the baseball players Hall of Fame speaks for itself.  The one thing that is missing is managerial or coaching experience at the major league level.  He was never interviewed for the position. 

The point here is that Epstein had a profile for the position and he stuck with it, regardless of the star qualities of Sandberg. 

The lessons in this story for senior sales executives include:

  • You must know exactly what qualities the candidate must have
  • You must communicate this to likely candidates
  • You must not be swayed by other experience "outside" your profile
  • You can consider other experience but consider the downside
  • You must be prepared for a "project" if you hire outside your profile

Finding the exact right candidate is a long shot no matter what the position.  As Epstein points out, you have to weigh all the information and consider what you are willing to sacrifice.  As you prepare to "upgrade your sales staff", follow these steps for Sales Talent Acquisition and improve your probability for success:

  1. Build a profile for the IDEAL Candidate
  2. Communicate that profile to "attract" the right candidate (in ads, etc)
  3. Screen (assess) the candidate before interviewing the candidate
  4. Create screening and interviewing processes that simulate the environment in which the candidate will have to perform
  5. Make the candidate sell you, DO NOT sell the candidate on the position
  6. Have a detailed communication process in place so that once hired, the candidate knows "exactly" what the objectives and expectations are.
  7. Have a very tight and detailed on - boarding process that ALL candidates go through regardless of their experience.
  8. Inspect what you expect for the first 180 days of their employment

Following these steps will improve your probability for recruiting and sales success.  To help you begin, try this Free 3 Day Express Screen Trial (select the "Sales Candidate" option).

                                   Sales Screen Trial

Topics: hiring sales people, sales talent acquisition, improving sales, sales people, sales candidates, sales assessments

Behind in Sales Goal? Remember 4 Sales Practice Steps

Posted by Tony Cole on Sun, Sep 28, 2008

It's been a while since I used a sports analogy and in the middle of college football I had to write a post sooner or later and about sports and sales.  This particular post is about what to do when you are behind in the sales game and time is running out.  Here you go.  These 4 sales practice steps will get you back in the game and get you ahead in the next game.

  1. Stick to the fundamentals.  The fundamentals are what drive consistent sales results. The fundamentals are what you can count on to get back on track.  Prospect, qualify, communicate next steps, present great and unique solutions, ask for the business.
  2. Work hard.  My dad was a foreman on a blueberry farm.  His motto was:  When all else fails hard work works.  Worked on the farm. Works in selling.
  3. Prioritize.  This is critical all the time in selling.  What we teach in our sales training classes is the following:  "Go to Activity".  When you are behind it becomes even more important to focus on those go to activities that create and close sales. 
  4. As you work to get ahead of the game you will be tempted to take on any prospect you can find.  don't do it.  Stick to your ideal prospect.

There you go.  Stick to fundametnals, work hard, prioritize and stick with your game plan.  Keep to this game plan and two things will happen.  You will finish the year with a great flurry of results and be off to a great start next year.


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    About our Blog

    Anthony Cole Training Group has been working with financial firms for close to 30 years helping them become more effective in their markets and closing their sales opportunity gap.  ACTG has mastered the art of using science-based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss our weekly sales management blog insights from our team of expert contributors.

     

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