Row, Row, Row Your Business

Kayak Race Photo

Image Licensed via Wikipedia Creative Commons - Chris Alger

I was on a recent family trip and we had the pleasure of taking our children out for an afternoon on kayaks. We had a couple of double kayaks.  Each vessel had one adult and one child. The adults were in the rear, and the children took the front seats. I observed some great parallels to business development and sales:

  1. No matter how strongly I rowed, if my son decided to drag his oar in the water, it was incredibly disruptive.  He made us turn in circles. I simply could not get where I wanted to go without his cooperation
  2. If he was neutral (kept his oar out of the water), I could make forward progress.
  3. If we coordinated our strokes together and agreed on our course, we blew past the competition (even though my wife and daughter didn’t know it was a race).
  4. If I stopped to take a break from rowing, my son felt it was his job to row, which would be great except when he was rowing he felt it was necessary to plot an entirely new course.
Working with clients and prospects appears quite similar.
  1. If you want to get someplace, you are not likely to get there if they don’t share your vision for the destination.
  2. If some of the members of the client’s team are neutral and not working against you, you can still reach your intended destination. But, all it takes is one oar in the water to get you spinning in circles.
  3. If your efforts are coordinated, you can  reach your destination (a.k.a. successful sale) faster than otherwise.
  4. If you don’t lead the process, rest assured that someone else will pick up an oar and plot a new course… and you may not like the trip or the destination.

Be sure to take the time to jointly develop a vision for what you client needs, and see what you can do to encourage them to row along with you. Above all, if you don’t continue to play the role of captain, don’t be surprised if you end up on a different course (potentially with sharks).

Thank you to my son for illustrating some valuable lessons during a great adventure.

Why Your Kick-off Meeting Will Fail

As seen in the Washington Business Journal’s BizBeat

TrainingSome friends of  mine just returned from spending a month in Florida. While in Florida, they (Richard and Cindy) attended a golf clinic about chipping. He is a long-time golfer, whereas she more recently took up the game. Though they both enjoyed the clinic, they realized different results. Richard thought the clinic was interesting, and decided that he would think about it during his rounds of golf.  Cindy, on the other hand, decided to spend some time each day practicing the specific drills taught during the clinic. Something interesting happened:  Cindy got really good at chipping.  Richard, who was always a pretty good player, did not make as much progress. By the end of the month, Cindy became a consistently good chipper.  In fact, Richard confided in me that Cindy, despite being a new golfer, was chipping more consistently than he was.

Each year in January, there is a mad rush from companies looking for me to speak at conferences, conduct workshops, and “jump start” business for their teams. I am fortunate to receive high marks from my sessions, along with many referrals for related opportunities. However, I want the results to be more like Cindy than Richard in the above example. I do not just want the audience to have enjoyed the session. I want it to make a difference in their day to day business.

Learning is a process. You must develop a sense of business muscle memory so that the new skills become second nature. Before you learn something, you may not even see a need to change. When you first learn something new, it is difficult to put it into practice. In order to use those skills in demanding situations, you need to be at ease with them. However, unless you practice the new skills, they will not feel natural. Without reinforcement, you could revert to old habits. Here are 3 tips to create a lasting impact on education you provide for your team.

  1. Identify key take-away messages:  Not only do you want to identify the key take-away messages, but you want to build consensus around why they matter. Identify how those items can be expected to impact the organization and help it reach its goals.
  2. Build an action plan: Set in place a specific schedule to reinforce the key points including role play where appropriate. It is best to spread out the reinforcement sessions. In other words, do not schedule five consecutive days for reinforcement. Your team will benefit from a week or two between sessions. Keep the sessions relatively short (max 90 minutes). Demand audience participation. Remember the “why” part of #1 and define specific outcomes you expect to see from your new skills.  Define a plan to develop comfort and then unleash your new talents on the intended audience.
  3. Measure results: If you are following a consistent, repeatable process, then the outcomes will prove to be valuable in making adjustments. Attaining success is often an iterative process. So, be aware of what is and is not working, and be sure to identify areas where you need more reinforcement for specific skills for your team members.
Each of these steps can be facilitated by your own internal resources. The top achievers in a formalized program can often take the lead in a reinforcement session. By following these steps, you’ll be able to focus on different things each year, instead of rehashing the same concepts over again – wondering why they didn’t “stick” last year. Most importantly, you are likely to see a return on your investment, and results for the time you and your team invested in the process. Whatever the skill, practice makes permanent.

 

 

SmartCEO Jan2012 – Fishing for Business

Read Ian’s article in the January 2012 issue of SmartCEO Magazine in Baltimore, Philadelphia, & Washington DC.

Smart CEO Magazine January 2012 CoverSharks have to move forward in order to survive. Otherwise, their gills don’t work. Similarly, businesses that don’t grow can stall and end up in decline.
Recent market conditions have made it tough for many businesses. Many CEOs are convinced that price is the major factor in most decisions. In the case of a commodity, this is certainly true.

However, those organizations that are thriving in this economy tell me their margins have increased. They are fishing in the right waters where they know the value they provide to their clients. The truly successful businesses know how to tap into their passion to find the right waters, find the right bait and get their partners to refer more “fish” into their part of the lake.

Just Keep Swimming

In challenging times, many organizations are content just not losing ground. In a down market, it takes work to maintain your revenue at previous levels. But once you have stabilized the organization, be sure not to get in the trap of being happy that you survived. It’s OK to acknowledge how you averted disaster, but be careful not to celebrate survival with too much fanfare.

Download the PDF of the full article

View the article on SmartCEO.com

Top 3 Sales Disasters to Avoid

Posted January 3rd, 2012 in Consultative selling, Grow Revenue, Sales Eduction, Sales Tip, Selling MBA, Uncategorized by growmyrevenue

OopsWhile on vacation, my wife and I agreed to a brief timeshare presentation. In my field, think of it as getting a front-row ticket to a spectator sport.

In this case, we were actually interested in a new program offered by the company. My dad owns a property, and I wanted to learn more about their new system to see if it would be useful for him. When setting up the appointment, we asked how long it would take, and even mentioned our specific area of interest. Where the session went wrong happens to be in three areas where most sales calls go wrong – a good opportunity for a lesson as launch into the new year: Continue Reading »

Radio Show – How to Avoid Painfully Long Sales Cycles

Posted December 23rd, 2011 in Consultative selling, Consulting, Grow Revenue, Podcast, Sales Eduction, Selling MBA, Speaking by growmyrevenue

Twas the Night Before Christmas, and all through the company, not a product was selling, not even discounts…

In this recent radio interview (podcast), Erik Luhrs of The GURUS Selling System ™  interviews Ian Altman to discover how to avoid painfully long sales cycles.

39 minutes, and 49 seconds.  Please share your comments.

4 Keys to Successful Gifts

Posted December 20th, 2011 in Consultative selling, Grow Revenue, Selling MBA by growmyrevenue

I was with my 10 year-old son the other day. He was on his way to get himself a glass of water and I asked “Would you mind bringing me a glass, too?”  He asked “What do I get if I do?” I replied “If the only reason you are getting it is to get something in return, then don’t bother – I’ll get it myself.”

Business people often treat relationships the same way. Too many people seek a quid-pro-quo.  When you give a gift during the holidays, are you recognizing the season of giving, or are you trying to prime the pump of receiving? Do you give employees bonuses to recognize a job well done, or to entice them to stick around? When you send notes of appreciation, do you do so expecting something in return? Continue Reading »

And The Winner Is… NOT YOU

Scott is an accomplished real estate professional.  He has closed individual deals that have put millions of dollars into his own pocket. He brings a tremendous amount of experience, expertise, and advice to his clients. He knows more about the inner workings of a real estate transaction than just about anyone on the planet. He has been courting a large client for the past eighteen months.

Scott thought about his strategy. His plan was to demonstrate all of his prowess to his client.  He would offer advice, share the latest trends, and reach out to them to assist their business beyond the real estate transaction. Scott was convinced that he would establish himself as a trusted advisor, valued resource, and business and real estate expert.  After a few months, everything appeared to be working when the client starting calling Scott for advice.  They valued his input. After dozens of interactions, a half-dozen introductions, and eighteen months of free advice, the client finally made a real estate transaction. They signed a lease where the broker fee is $250,000.  Not a bad day, huh?  There is one problem, though.  They did not use Scott for the transaction.  What happened? Continue Reading »

Why Matters Most

Posted December 1st, 2011 in Consultative selling, Professional Services, Sales Eduction, Selling MBA, Uncategorized by growmyrevenue

I was speaking with the managing partner, Chris, of a regional accounting firm about their marketing, sales, and business development.  The partners decided that they wanted to revamp their website. Specifically, they wanted to make their site catchy with new graphics, layout, and perhaps a logo. The in-house IT resource thought it should have slick animation. The business manager thought the website should list all of their service areas.  It is common for firms to focus on the bells and whistles instead of the content. Unfortunately, if you focus on the sizzle instead of the steak, your prospects will visit the site and leave hungry for something with meaning.

Like many professional services companies, their current website is loaded with text describing details that only an actuary could love. They have plenty of information about WHAT they do. However, what they are missing is WHY.  The same holds true for law firms, technology companies, architects, or any professional services firm. Your potential clients are most influenced by how well you can demonstrate a strong personalized understanding of their situation or needs. Case studies and stories can be powerful.

For example, they could decide to simply describe their services for IRS audits.  However, they would be better served to tell a story: “We received a panicked call from someone because the IRS notified them of an audit. The caller’s prior accounting firm did not have experience in this space, so they came to us for help. Clearly, the caller was nervous, not knowing what to expect. If we had not handled this dozens of times before, we might have been nervous, too. We clearly communicated the process to the client, and walked them through the each step to calm their nerves. Not only did they come through the audit with flying colors, but we helped them get an additional refund over the amount the previous accounting firm filed. Most importantly, Continue Reading »

Selling MBA Immersion – January 18, 2012

Selling MBA Immersion Program

Limited Attendance Immersion Program

Rockville, Maryland  - $995 if you register by January 5, 2012

  • Do Opportunities take forever to close?
  • Are you giving away too much free advice?
  • Do clients see you as selling something, or helping them solve challenges?

Selling MBA LogoBecome Outrageously Successful Targeting and Winning Business. Discover How To:

  • Reverse the buyer-seller dynamic
  • Earn your better than fair share of referrals
  • Increase average deal size
  • Improve win-rates
  • Stop giving free consulting

Who Should Attend

  • Professional services partners and executives
  • B2B or B2G sales professionals
  • Sales leaders
  • Executives who want to regain margins and grow revenue

What others have to say about Selling MBA

1

Selling MBA shortened our sales cycle, swiftly eliminated garbage opportunities, and generated a 3-to-1 return on investment after only 6 months. Ian established a step-by-step approach to focus squarely on those organizations where we could make the greatest impact on their business. In a highly competitive field, we now stand taller than our competitors

Joe Appelbaum – President, The Potomac Companies

2

The Selling MBA taught our sales staff and consultants how to transform prospects into customers. We had been struggling to close deals. Selling MBA’s Issue, Impact, Importance provided context to ask the right questions, demonstrate value , and win business. We closed a new, strategic customer within weeks.

Wendy Henry – COO, Johnston McLamb

3

Excellent presentation. Highly professional; terrific speaker (and listener); to the point; great audience interaction; useful visuals and take-aways. Applicable to a broad range of professionals across many industries. Strongly recommend. I will insist that my clients take the time to meet Mr. Altman.

Matthew Siegel -  UGL Services

4

Ian brought a refreshing difference to his Selling MBA program for our company. He understands that each member of the team will approach organic growth from differing perspectives and motivations. From this base he is able to articulate his methodology so every level team member gains the knowledge they need to be successful in working towards the ultimate goal of growing revenue.

David Acton, CPA CFO – Johnston McLamb

5

“Great speaker with lots of tips that can be used in any company!”
“Selling MBA should be required for everyone in professional services”
“I wish we had more time together”
“Very Engaging style. Excellent handouts and materials.”
“He has an excellent understanding of how to “speak into” the audience. He remembers what we do, who we are...”
Various Attendees Selling MBA Programs

The Selling MBA system is a step-by-step, integrity-based system to shorten sales cycles, grow average deal size, and accelerate finding the truth in complex selling situations.

Selling MBA Participants Discover 5 Things that Grow Revenue:

  1. Why buyers buy, and how to keep our message on target
  2. Which opportunities are ripe for the picking, and which ones are rotten
  3. How to minimize time and money wasted on deals that will never happen
  4. How to reverse the buyer-seller dynamic
  5. How to ensure your message does not fall on deaf ears

What if you could spend less and close more business? Selling MBA gives you the system, skills, practical exercises, and hands-on support to sharpen your focus and know which prospects have earned your attention, and which ones have not. You just might realize life-changing results.

It’s Pre-Season Training for Revenue

Just like top athletes, top executives, entrepreneurs, and professionals attend “spring training” each year to hone their skills. Goal oriented professionals constantly take their game to the next level. Most of our clients have already realized some success – Ian helps you become outrageously successful targeting and winning business.

Practice Makes Permanent

Reinforcement is critical for success. Practice makes permanent. Sticking to that principle, the Selling MBA class is one part of the program.  Selling MBA attendees also have the option to enroll in  follow-on activity and interaction to reinforce concepts, address challenges, and deliver results. It takes extra time and effort from each of us, but it is worth the investment of our time to become outrageously successful targeting and winning business.

Registration Information

  • Investment: $1,295 per student ($995 if you register and pay by Jan 5, 2012)
  • Breakfast and Lunch included. Please let us know any special dietary requirements (such as, “my doctor said I need to eat lobster at lunch.” You can ask…)

Register NowSample Agenda

  • How times have changed, and why previous methods do not work
  • Current research that validates the Selling MBA approach
  • Define how and why today’s customers make decisions
  • Discover how to avoid deals that result in a non-decision
  • Reverse the buyer-seller dynamic
  • Target to win using DIG
  • Strategic Account Targeting
  • The Selling MBA methodology, step-by-repeatable-step
  • Selling MBA tactics to control the conversation
  • Specific role play with real-world situations

 

 

A Tale of Two Buyers

Posted November 21st, 2011 in Consultative selling, Grow Revenue, Sales Eduction, Selling MBA by growmyrevenue

At a recent presentation at a conference, I met Dianne, an accomplished salesperson. She sells specialty paper products. She has a masterful ability to engage her potential clients in a consultative process to establish value and earn higher margins than her competition. She commented to me, however, that once the first order is placed, she ends up getting redirected to the purchasing people for reorders. Even though she earned a good profit margin on the initial order, Dianne consistently gets pressure from the purchasing people who no longer see what she does as anything but a commodity. She asked me “Even when I earn the initial sale by following a consultative process, how can I prevent the reorders from being relegated to a transaction where it is all about price?” Continue Reading »

Related Posts Plugin for WordPress, Blogger...