ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

Success is Not a Resolution but a Revolution!

Posted by Alex Cole on Thu, Jan 03, 2019

pexels-photo-261630

Sales success starts with a resolution, but finishes with a revolution.

Some important Revolution dates for reference:

1516 - Protestant Reformation

1776 - Colonial Revolution

1789 - French Revolution

1861 - Civil War

1800 - Industrial Revolution

1971 - Technology Revolution

These revolutions came about because individuals had resolved to "change". The changes were not easily started, executed or finished. There were significant costs in terms of money, resources and lives lost. In the end, however, the end justified the means.

Here are the changes I would like to make in 2019:

  1. Go Green. Not environmentally, but from an execution perspective. I will be tracking 5 metrics for success in 2019 and will inspect them weekly. When I meet or exceed my goal, I will inspect that effort and duplicate it for future efforts. I will also recognize that anything below 90% of my activity goal is a failure.
  2. Re-align my time usage to reflect my priorities and track my actual time usage for the first 90 days of 2019. By then, I should have developed my habits to reflect my objectives and priorities.
  3. Have an attitude for success. Half the battle of sales success is owning your own style and having faith in your skills, knowledge and abilities. If you believe you will win, your likelihood of winning increases substantially.

If you are going to have a "different" year in 2019 than you had in 2018, then something must change. Aside from solely talking about change, you must have a concrete plan to actually change, along with a process to stick to that plan. It will not be easy, it will probably not be fun for a while, and you will have your doubts. But you must "burn the boats" if you are going to succeed.

Happy New Year and best of success for you!

If you liked this article, check out more of our material at ACTG

Topics: time management, sales attitude, sales metrics, Selling Attitude, habits for success

What Would You Do with a Non-Performing Stock?

Posted by Tony Cole on Thu, Jan 28, 2016

Suppose… you had a non-performing stock (salesperson).

If you had a stock that hadn’t performed as expected, how long would you hold onto it? Six months, a year, 18 months? Maybe it’s performing like the rest of the stocks in a similar portfolio but not growing as you expected. What do you do with that individual stock? What do you do to the entire portfolio when it’s under-performing?

The answer is simple – you manage it!

As portfolio manager, you:

  • Set metrics for success and standards for each of those metrics.
  • Conduct research/due diligence to make sure that you are adding investments to the portfolio that are consistent with your investment and long term financial goals and risk standards (Cash, Income, Income with growth, Aggressive growth, International growth or a Hybrid)
  • Determine your strategy on buy, hold or sell
  • Establish a method of inspecting what you expect
  • Gain intelligence from the information you gather from quarterly reports and you determine next steps
  • You either buy, hold or sell based on the information you have and the impact that an investment is having on your ability to achieve your goals

What can be accepted as true is that every portfolio is perfectly designed for the results it generates. There is cause and effect. If you are not happy with your results, you change your objectives or portfolio management strategy, right?

Well then, how about the portfolio of investment advisors you have on your team? As program/sales manager you have objectives that you have set out for the entire team/portfolio and when you added investments (people) you had performance expectations. Based on performance, what has to change if anything? Are individual performers pulling their weight or are they a drag on the performance of the team? When you assess your investment in each of the individuals on the team, where do you need to buy, hold or sell? Finally, when you assess the managers managing the portfolio, how effective are they?

You have the awesome responsibility to the stakeholders to put together the best portfolio in order to maximize return on investment. Failure to do so creates a failure in fiduciary responsibility.

See you tomorrow.

Topics: sales management, sales metrics

    Follow #ACTG

     

    About our Blog

    Founder and CLO Tony Cole has been working with financial firms for more than 25 years to help them close their sales opportunity gap.  He is a master at using science based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss his weekly sales management blog insights.

     

    Subscribe Here

    Most Read

    Recent Blogs