On several occasions I have spoken and written about the importance of designing and implementing a "Winning Culture" at your respective business. The evidence continues to mount that "culture" can make all the difference between so-so performance and dramatic positive results in any market. One CEO/Owner recently said it best: "If we get the culture right, Jack, all the other things you speak to in Sales and Sales Management will be easier. If we don't get the culture right, everything you speak to will be hard." Wow, how right this is!
When I think about culture, it's creating an environment in our company, where the people who work there don't get up and say "Oh, I gotta go to work today", but rather "Hey, I get to go to work there!' and actually recognize the positive differences of working in our company and look forward to going in. If we can create such an environment, we then would have a competitive, sustainable advantage. Unfortunately, few companies are spending the efforts needed here, and in a tightened economy, even less effort is being expended!
John Kotter spent 10 years studying and comparing companies with a focus and effort on culture to those companies that didn't and he discovered four significant take-away's:
•Revenues increased 682 % vs. 166%
•Stock prices increased 901% vs. 74%
•Net income increased 756% vs. 1%
•Job growth increased 282% vs. 36%
Pretty compelling data! Key to a winning culture are the systems and processes that reinforce communication, recognition and empowerment, amongst a number of other areas. Someone needs to "own" this effort and make it an ongoing lifeblood of the company. The fad of the quarter would arguably be worse than doing nothing at all. So, the first thing we must wrestle down is "who is responsible for this effort?"
Wednesday, March 31, 2010
Thursday, March 25, 2010
Continuous Self Development-Books of the Month
Two recommendations this month, both hitting in the critical area of "Marketing". Reality Marketing Revolution by Lieberman & Keiles is simple, basic, on point, action oriented and provides follow-thru suggestions with a Resources Directory. I loved the identified five questions the authors use with their clients to craft an effective marketing strategy:
1. What are the company's revenue goals over the next 12-18 months?
2. Who is the exact target audience that will purchase your service?
3. What pains and problems does this target market have when they purchase services like yours.
4. What solution does your company provide to cure those pains?
5. How are those solutions remarkable enough to start a buzz and set you apart from the competition?
This is a great, marketing guide for small to medium sized businesses.
My second pick is Inbound Marketing By Halligan, this is a must read and guaranteed to kick up your effectiveness at leveraging social media and blogs. This book is all about getting found online and driving business in to you! I've yet to read anything better out there on this critical topic to every business. Short on theory and long on action, that's how I like it and that's what Inbound marketing delivers. It will not only tell you why you should be more active in this relatively new frontier, but more importantly "HOW". Ever since reading it, my mind continues to race with ideas, we've put several things in place and know we have a long way to go before we have tapped the potential. I suspect Inbound Marketing will be used like a reference manual for us, and you, for at least the next year in order to leverage so many of the actions that Halligan shares. The internet has the potential to be a game changer for our companies and our sales forces. Once you've read just 30 pages of Inbound Marketing, you will be salivating over the potential and begin putting in place action items to get business coming to you!
1. What are the company's revenue goals over the next 12-18 months?
2. Who is the exact target audience that will purchase your service?
3. What pains and problems does this target market have when they purchase services like yours.
4. What solution does your company provide to cure those pains?
5. How are those solutions remarkable enough to start a buzz and set you apart from the competition?
This is a great, marketing guide for small to medium sized businesses.
My second pick is Inbound Marketing By Halligan, this is a must read and guaranteed to kick up your effectiveness at leveraging social media and blogs. This book is all about getting found online and driving business in to you! I've yet to read anything better out there on this critical topic to every business. Short on theory and long on action, that's how I like it and that's what Inbound marketing delivers. It will not only tell you why you should be more active in this relatively new frontier, but more importantly "HOW". Ever since reading it, my mind continues to race with ideas, we've put several things in place and know we have a long way to go before we have tapped the potential. I suspect Inbound Marketing will be used like a reference manual for us, and you, for at least the next year in order to leverage so many of the actions that Halligan shares. The internet has the potential to be a game changer for our companies and our sales forces. Once you've read just 30 pages of Inbound Marketing, you will be salivating over the potential and begin putting in place action items to get business coming to you!
Tuesday, March 9, 2010
Inspect the Baskets
This is an activity, that if done at least monthly, will in it's own right add increased business to your bottom line. So, let's take a look.
Every sales professional should be maintaining three baskets of business:
1. Prospects
2. Customers
3. Clients
Prospects are people/firms that aren't currently doing business with us, but we sure wish they were. Customers are those firms/people who buy from us occasionally but not regularly. Clients are the very best-those people/firms that do business with us regularly and ongoing. The Sales Professional's goal should be to build a clientele. We then call this working smarter, not harder. In fact, the top sales performers tend to work with less people and trade off of their relationships.
So, back to inspecting the baskets. For a starter, each sales person should identify the top twenty in each of the three baskets and inspect what stands in the way of winning over their business, and what actions are being taken to winning them over. Once we are solidly reviewing the Top Twenty, we suggest adding another twenty, and so forth. Over the years, what we have experienced is the age old things that get measured, get done. Do this on a regular basis, and watch your business grow!
Every sales professional should be maintaining three baskets of business:
1. Prospects
2. Customers
3. Clients
Prospects are people/firms that aren't currently doing business with us, but we sure wish they were. Customers are those firms/people who buy from us occasionally but not regularly. Clients are the very best-those people/firms that do business with us regularly and ongoing. The Sales Professional's goal should be to build a clientele. We then call this working smarter, not harder. In fact, the top sales performers tend to work with less people and trade off of their relationships.
So, back to inspecting the baskets. For a starter, each sales person should identify the top twenty in each of the three baskets and inspect what stands in the way of winning over their business, and what actions are being taken to winning them over. Once we are solidly reviewing the Top Twenty, we suggest adding another twenty, and so forth. Over the years, what we have experienced is the age old things that get measured, get done. Do this on a regular basis, and watch your business grow!
Subscribe to:
Posts (Atom)
