ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

Accountability – The 14-Letter Dirty Word for Many Sales Organizations

Posted by Tony Cole on Fri, Apr 21, 2023

Accountability in an organization is kind of like the old country song by Joe Diffie: Prop Me Up Beside the Jukebox (If I Die). In the song Joe sings the following:

Well I ain't afraid of dying, it's the thought of being dead

I wanna go on being me once my eulogy's been read

Don't spread my ashes out to sea, don't lay me down to rest

You can put my mind at ease if you fill my last request

Prop me up beside the jukebox if I die

Lord I wanna go to Heaven, but I don't wanna go tonight

Fill my boots up with sand, put a stiff drink in my hand

Prop me up beside the jukebox if I die

It’s the line: “Lord I wanna go to Heaven, but I don’t wanna go tonight” that most closely reflects the sentiment expressed in the title: Accountability – the 14 letter dirty word. Time and time again when we conduct a pre-training Sales Effectiveness and Improvement Analysis, the findings come back to us and the client highlighting the level of Responsibility and Accountability that either exists or is absent.

We are currently talking with a prospect, and one of the biggest problems they want to correct / solve is the lack of accountability. I’ve been here before and have had this discussion. What I inform every CEO and President is that, despite your desire to fix this problem, you will suffer collateral damage. They ask, ‘what do you mean’?

I tell them as soon as you attempt to change your culture and implement systems, processes and coaching to improve accountability and responsibility, you will have push back. It will come from two places:  

1.     Your most successful and or tenured people

2.     Your least successful most tenured people

No alt text provided for this image

When this happens what is your appetite for the pushback and perhaps people exiting the building of their own free will or because you recognize that they lack the willingness or ability to accept responsibility for their outcomes.

THUS the 14 letter dirty word.  Everyone wants it, but no one really wants to do what is required to make it happen!

Let’s look under the hood of Accountability Competencies for the organization findings in Figure 1.

Most organizations and sales managers think of accountability as ‘micro-managing’. As you can see from the graphic, there is a lot that a manager needs to bring to the table to be effective at Setting Standards and Accountability. As to micro-managing, Jim Collins has been quoted as saying “There is no such thing as 'micro-managing.' There is either managing or not managing”.

Here is the kicker, when you hire the right people, you shouldn’t have to manage them.  Again, a quote from Jim Collins. Get the right people and tell them during the interview process that:

  1. You expect them to set high standards for themselves that far exceed what the company expects of them.
  2.  You expect them to manage themselves to those standards.
  3. The organization will be collecting data on sales effort and effectiveness to help them determine if they are on track to achieve those high standards.
  4. Finally, they must allow, agree to coaching from the sales manager when the data indicates that they are either not going to hit their standards or are doing the activity, but the results aren’t there.

Failure to do this will lead to failure for every new hire you make.

Failure to do this with your current team will lead to continued outcomes that you get today.

I’ve discussed in earlier articles about the importance of coaching. What I can tell you with 100% certainty is this: Without executing the accountability step, your coaching will not be effective.

If this resonates with you and your company, and you’d like an hour of consult with one of our Sales Development Experts, reach out: Contact Us

Performance management IS all about setting higher standards for success, holding people accountable to the effort and execution to hitting those standards and changing the definition of ‘good’ in an organization.

Need More  Sales Management Training?

Topics: Sales Management Training, sales managed environment, effective sales management, consistent sales results

5 Behaviors Great Sales Managers Exhibit to Drive Consistent Sales Results

Posted by Tony Cole on Fri, Apr 14, 2023

Improve your sales management skills by implementing these 5 behaviors to help your sales team drive consistent results. 

1.   Hiring

Great sales managers that understand hiring salespeople requires a different process than hiring support or admin personnel. No other role in a company faces the same challenges and deals with the same performance pressures as the sales team. No one faces greater scrutiny and is on a shorter leash than salespeople. The hiring behaviors of great sales managers includes but is not limited to: 

  • A great job attraction post
  • Pre-hire, sales specific, evaluations
  • Initial phone interview to discover how good the candidate is on the phone
  • Conducts interviews like auditions

2.   Offer and On-boarding

When the manager finally selects the candidate based on the above steps, the final step in the hiring is to have an effective offer meeting that includes the following:

  • They make sure the candidate is prepared to make a decision when the offer is made to avoid using the offer to get a better deal from the current employer
  • They lay out all the expectations for sales activity, sales goals, sales meetings, use of CRM, and define being a good citizen and how they will be managed and coached
  • They gain agreement on all the conditions of taking the role, and then to solidify the agreement they ask this question: “Are you sure”? To which the candidate will say yes. They then explain that it’s ‘going to be hard’ and then don’t say another word to let that statement sink in

The three behaviors are critical. The reason they are critical is that many candidates that become 'new hires' fail especially in the execution area of sales activity hitting goals, attending sales meetings, using your CRM and responding to your managing style and culture.

Failing to get agreement to performance in these areas will always, ALWAYS, cause you headaches down the road if you fail at the last behavior - gaining agreement.

3.   They manage

Great sales managers understand what Jim Collins means when he states: “There is no such thing as micro – managing. You are either managing or you are not managing.” Effective Sales Managed Environments must include managing behavior. The behavior goals must be introduced in the very beginning of their career, and then yearly at least 1 sales cycle before the end of the sales year. The following discussions must be take place:

  • What sales results at attached to the words extraordinary, excellent, good, poor, and failing results?
  • The conversation to lay out the success formula to arrive at the outcome the salesperson has committed to?
  • Making sure they are committed to the activity by asking: Are you sure? And then stating: 'This is going to be hard".
  • Finally you must discuss what happens when you see the data is telling you that your new hire is off track. Great managers get permission to coach salespeople when they are failing.

4.   They Coach

  • 1-on-1 coaching sessions to improve skill and change behaviors
  • Pre and post-call strategy sessions to improve the probability of success of each opportunity the sales person is calling on
  • They meet quarterly to review activity numbers against actual results to discuss success, where they are headed and or why there is a discrepancy between the behavior numbers and the sales results

5.   They Verify

Not being fooled is the behavior driven by a SALES DNA factor called Healthy Skepticism. This doesn’t mean that they don’t believe what their salespeople are telling them or what they are reporting. They have a Ronald Reagan approach: Trust but verify. Great sales managers stay off the “They’re going to make it because they have a big deal that is about to close” bandwagon.

If you and your organization is must drive better sales performance, consider these 5 behaviors. If you would like to find out if your sales management team is capable of executing these behaviors and or how to execute these contact me at tony@anthonycoletraining or jeni@anthonycoletraining.com

Need More  Sales Management Training?

Topics: Sales Management Training, sales managed environment, effective sales management, consistent sales results

Coaching Championship Sales Teams: Pat Summitt Says it All!

Posted by Tony Cole on Thu, Apr 06, 2023

There are five pillars that make up a strong Sales Managed Environment which in turn will help you build a consistent, championship-quality sales team.

1680268001263

The below information was published on June 28, 2016, the date the late GREAT Pat Summitt passed away.

The numbers are astounding: 1098 career victories (most ever by a male or female), 16 SEC titles, 22 Final Fours, 8 national championships, and 7 national Coach Of The Year awards.

An average of 16,565 fans per game in 1999. An Olympic gold medal as the coach of the 1984 U.S. team. A Naismith Hall of Famer (2000). A Medal Of Freedom Award in 2012. Author of three books. Yet as we honor Pat Summitt for what she accomplished in 38 years as the Tennessee Vol's women's coach, we remember what she did on and off the court.

20 years ago we developed our Sales Managed Environment program to help companies strengthen/develop the link between sales strategy and sales execution. That link is the role of sales management. You may not call it that in your organization but someone, somewhere in your company is responsible for the following:

  • Recruiting: Hiring Better Salespeople
  • Developing: Coaching for Success
  • Setting Standards: Accountability and Responsibility
  • Growing Sales: Implementing an Effective Sales System
  • Leading: Motivation that Works

These are the five pillars for developing a strong, successful Sales Managed Environment.

Here are five quotes from the late Great Pat Summitt. Read them as a guide to help you build a consistent championship-quality sales growth team.

  1. Setting Standards: “If you don’t admit a mistake and take responsibility for it,  you're bound to make it again.”
  2. Developing: "A guy raised his hand and asked if I had any advice when it came to coaching women. I gave him a death-ray stare and said, 'Don't worry about coaching women, just go home and coach basketball'."
  3. Growing (winning) Sales: Offense sells tickets, defense wins games, and rebounding wins championships."
  4. Recruiting: "You can't always be (have) the most talented person in the room, but you can be (recruit) the most competitive."
  5. Leading: "Everyone thinks we may curl up and die. I don't think it's going to happen, so put away your hankies."

My closing thought from Coach Summitt: 

“It's what you learn after you know it all that counts the most,"

What is it that you or your sales team could learn, should learn now that they know it all?

Need More  Sales Management Training?

Topics: Sales Management Training, sales managed environment, effective sales management, consistent sales results

March Madness and the Search for Pipeline Predictability

Posted by Tony Cole on Fri, Mar 31, 2023

Today's topic: March Madness, the ongoing search for bracket and sales pipeline predictability. The March Madness tournament can be somewhat predictable, but upsets are expected. In the world of sales forecasting, you have the same problem! 

Transcript:

Hello, everyone. Tony Cole here. Thanks for letting me into your day once again. My topic: March Madness, The ongoing search for bracket and sales pipeline predictability. Good luck with that, right?

The NCAA tournament for men's and women's basketball is somewhat predictable, but upsets are expected. Just take a moment to consider this year men's and women's brackets. 13 seat Furman beats number 4 Virginia. 15 Beats Arizona, number four and seven, Missouri. Not to be outdone, number 16 Fairleigh Dickinson from New Jersey beats number one Purdue. And there were others on the women's side, number eleven, Mississippi State beats number six, Creighton, number, I think was eight, ole Miss beats number one, Stanford. And on the bottom 66, Florida Gulf Coast beats number five Washington State.

The predictive data would have suggested that you would not have picked those or bet on those teams to win. Over the two days of 32 games in each tournament, you would have predicted 16 teams would eventually win. That would be 100% certain. That is a valid prediction. Predicting the exact 16 teams would be more of a challenge and less credible because of upsets. And this year's upsets proved that premise. In the world of sales forecasting, you got kind of the same problem.

Predicting future revenue and based on sales is critical. As an example, many companies the first quarter of the year is normally a good predictor of how sales will play out for the balance of the year. Two other predictors to consider that you ought to have, should have, so on and so forth, are pipeline and sales activity. You ought to have those two pieces of data. I hate to assume, but assuming you track your pipeline, if you do, you should look at two other sub data points.

Number one, pipeline validity. In other words, if a 90 day pipeline predicted $100,000 in sales. Did $100,000 in sales actually show up? How valid was the number? And then there's pipeline credibility. Did the predicted opportunities actually close? So company A, B and C were predicted to close and be part of that 100,000. Did A, B and C actually close? Or did you get A, B, and R? Right? Did the predicted opportunities close or were there some upsets that you weren't predicting? Now the upsets on the plus side are good. Upsets, on the downside, not so good.

Tracking these two data points helps you as a manager minimize the opportunity for salespeople to flood the pipeline just so it appears that they have enough activity to hit their goal. And it also weeds out some of those kind of hold things back the sandbaggers until those things actually close. Sales activity is a leading indicator, so let's talk about that. It should be based on a success formula So that each salesperson team knows two very important things. Those two things are effort needed in their prospecting and outreach activity, and two, their effectiveness. How effective are they from one step to the next step in the sales process? You see, when salespeople fail to hit their goal, fail to hit objectives, it can only be because one or two contributing factors the effort wasn't there or the execution wasn't there to help your people close more business, more. Quickly at better margins.

You must provide them this kind of business intelligence so that they can accurately predict and you can accurately predict their likelihood of success. I know this sounds like micromanaging, but I'm a fan of Jim Collins, who states, there's no such thing as micromanaging. You're either managing or you're not managing. As a sales manager, we tell our clients and our sales development expert program our sales.

As we tell sales managers who participate as we tell sales managers who participate in our Sales Managed Environment certification program, their job is to lead, manage and coach. If you don't manage activity, then coaching to improve skills and change behavior is nearly impossible and effective at best. There's your message for today. Enjoy the rest of your day and the tournaments. As always, thank you.

Want more free sales content? Subscribe to Our Sales Brew

Do You Need More Leads? –  Free Sales Prospecting eBook Download

Topics: Sales Management Training, Leadership Skills, banking sales training

Selling Value Without Selling, Part 3: THE SOLUTION!

Posted by Tony Cole on Fri, Mar 24, 2023

In part 1, I gave you a sample of how the ‘selling value’ discussions sounds.  Here it is again.

Prospect: Why should I do business with you or your bank / company?

Sample traditional response:  Because we bring a value added approach to our relationships. We do more than just get you great rates on loans and deposits. We approach your business from a ‘trusted advisor’ approach. We work hard to understand what your overall objectives are and then search to find solution to help you achieve those objectives. Our staff focuses specifically on the agriculture segment. We have a combined 135 years of experience. Our bank has the biggest market share in this area and our branches are conveniently located throughout your footprint, we have extended hours of operation and our on-line banking deliverable is second to none. If you are looking to work with a bank that can do those things, has that kind of focus, then I’d like to show you, and tell you more about how we can help you and your business grow and prosper.

Here is a sample of how someone might respond if they are ‘positioning’ value.

Prospect: Tony, why should I do business with you and your company?

Tony:  I know this may sound strange but maybe you shouldn’t. We really haven’t gotten too deep into your business. I don’t even know your business objectives or priorities. I don’t know the challenges you face that might be unique to you and your business. It would be arrogant of me to assume we should do business. But, maybe the best way for us to figure out any potential business relationship is engage in a conversation that I have with many business owners the first time we meet. Okay?

Key Take away: Prospects are used to salespeople telling them why they – the prospect – should buy from them.  When a sales person says, ‘maybe you shouldn’t’, the prospect is hearing something that they NEVER hear from a salesperson thus accomplishing the goal of: Don’t look, act or sound like a sales person. It’s one thing to have a marketing piece that touts your organization’s uniqueness, differentiators from the competition, it’s another to have people on your team that truly are unique in their approach.

Prospect continues: Sure, where should we start?

Tony: It may not be the case with you, but with many ag business owners / operators have come to me with questions / problems with the following:

(keep in mind that you MUST understand your target market so well that you can verbalize EXACTLY the problems / concerns prospective clients deal with seasonally or year round. Then you must use that deep domain knowledge as part of the conversation with new prospects)

1. Maintaining or Growing the margin between receivables and accounts payable.

2. Making sure that their financials are strong so that when required they can get access to cash on a costs favorable and timely basis

3. Have solutions that help them grow or maintain a sustainable or scalable business.

When you take those moments at the end of the day, week or month and think about your business which of these three, margins, strong financials, sustainable / scalable business is top of mind or close to it?

Key take away: When a salesperson is attempting to position value they do so via the questions they ask. They do so by telling stories – working with my other clients.  They demonstrate their expertise not by telling the prospect they are experts in cash flow analysis, business transition strategies or providing favorable terms and conditions for specific equipment leasing or land purchase.  No, they demonstrate the expertise by asking questions.

Prospect continues:  At this point you can assume a prospect will react one of two ways:

1.     They will pick one of the three items or,

2.     They will share with you another one that happens to be top of mind.

A strong qualifier/ value seller will weave into the conversation questions, comments, stories analogies and metaphors that tie into the problem the prospect identified. It is critical that you become awesome at story telling because story telling leads to right brain – emotional – thinking. And that is the side of the brain that makes decisions. The framework for the discussion would follow a planned script rather than a canned script.  It might look something like this.

Prospect saysMy biggest concern is making sure my business is sustainable and scalable. If I don’t do that, 1 or 2 things will happen. We’ll either go out of business or get bought by someone bigger and I’ll be working for someone else.

Tony:

  • Tell me more about that.
  • How long have you thought about that, or how long has this been going on?
  • Is that a problem?  Why?
  • What have you done to try to fix it in the past?
  • I know you have a banker, what have they done, what have other advisors attempted to do to address this.
  • Let me ask you a question:  When they suggested a solution that would do A, B and C.  What happened?  (You are counting on an answer that sounds something like):

Prospect:  No one has brought something like that to my attention.

Tony:  I wonder why?

Key take away: When you ask, “I wonder why”, the prospect will be wondering the same thing. This, is what Randy Schwantz calls creating a wedge.

This dialog would last probably 20 to 30 minutes of the prospect sharing experiences that have or have not happened because of the current relationship.  This would eventually lead an elite salesperson asking this question:

Tony: Suppose there was a solution, suppose we could do for you what I’ve done for others in this situation? What would happen next?

Key take aways:

  • STOP selling VALUE.
  • START gaining clarity on what your target market VALUES.
  • Learn how to start the conversation so that your prospect talks instead of you.
  • Have a framework for your dialog that starts with a question, provides accurate possible answers, and then allows for a framework beginning with, so that it starts with “tell me more about that”, and ends with “suppose there was a solution”.

Contact Us for help on Selling Value without Selling

Want more free sales content? Subscribe to Our Sales Brew

Do You Need More Leads? –  Free Sales Prospecting eBook Download

Topics: Sales Management Training, Leadership Skills, banking sales training


    textunder

    Subscribe Here


    Most Read


    Follow #ACTG

     

    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.

     

    Recent Blogs