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16 Dec 2009

How do we reposition the company? How do we survive long enough for it to make a difference?

Posted by Will Crist. 1 Comment

I am seeing two things in the marketplace now: some marketplaces have changed what they want/need so dramatically that businesses who previously supplied them are struggling to find any prospects at all. Other marketplaces are depressed right now because people are not buying. They still need the goods and services, but they are not buying at present.

Business owners in either of these marketplaces make one of three responses: (1) They decide to close the doors, let everyone go and give up. (2) They cut costs to the bone, hunker down, hold their breath and hope the market will get back to the old normal before they run out of resources. (3) They acknowledge what is true about the marketplace and either increase their market share in a shrinking market or discover new markets for their products and services. Which are you doing?

People choosing #1 are gone. Maybe they will try to restart later.

People choosing #2 are going. By the time they get to the place where they can exhale, providing they have enough resources to hold on, other companies will have positioned themselves to dominate the market.

My contacts in several training companies tell me large companies are buying sales training now. They are ramping up. These companies see the talent available in the market place, and they are replacing the less than maximally productive sales people they currently have. They are getting their house in order now. They aren't advertising what they are doing. When I speak with my contacts who are working with large companies I hear that they are spending money now. Big money.

Preparing to take market share from the competition or to penetrate a new market place will require more proactive, discerning sales people who are capable of faster qualification of prospective customers. Taking market share or penetrating new markets means changing a company's culture. It means sales managers who hold people accountable for what they say they will do.

If you are like other business owners, you know you should be preparing your company for the future. If you are like many other business owners, you are asking where you can find the resources to make these changes.

I have asked business leaders in Orange County to share in putting on a series of workshops specifically aimed at helping business owners in Orange County find the spirit, access the resources, and design their plans to move forward in the next year. These workshops are not for people who have given up nor are they for people who are just holding on. These workshops are for people who are committed to taking market share from competitors or penetrating new markets. They are created to help business owners access the funds, grants, contracts, skills, and cost reductions that will allow OC business owners to move forward.

Small business owners are the strength of Orange County Right now large companies are preparing for the economy that is coming to them. All signs are pointing to 2010. Through this series of workshops I will be helping business owners create a flexible workforce able to respond to the changed and changing marketplace. The first workshop will have speakers who will be able to point to stimulus money and help business owners access the funds. In the workshop business owners will connect with each other and with resources, they will discover how to access these resources, so, in 2010, they will have the best possible chance to helping their businesses and their employees thrive.

Register for the first workshop now: Economic Stimulus Workshop for Business Owners in OC, Wednesday, January 20, 2010, 7:30-10:00am.

To Your Success in the New Economy!

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19 Nov 2009

What will business owners do in the new economy?

Posted by Will Crist. No Comments

This pilgrim spent most of his day in the office meeting with people to talk about where small businesses are today and what they will need as we move into the next pahse of what is proving to be a remarkable transformation of the marketplace.

One of the people in the conversation was Hilda Kennedy, a partner in AmPac TriState CDC, an economic development group. She will be speaking at the Orange County economic stimulus workshop I am hosting on Wednesday, January 20. We talked about what business owners are looking for. Many of them are saddened by the layoffs they have made in the past year. Most are not willing to spend the money they have, and others, while they believe the economy is reviving, are wondering if they will be able to sell in the new marketplace. Hilda said, "Some of the business owners are wondering if they will survive."

That's an interesting statement. Business owners will survive. If a business owner can get comfortable with the difference between his/her business and themselves, they can be comfortable with the reality that they will survive. Businesses are not people. They do not die. They change, they are bought and sold, expand, they contract, and sometimes they go away. The chances that a business has changed and will continue to change in this environment are very high. The chances that a business owner will survive are even higher.

Hilda and I thought about the roles the business owner will have in the new economy. We decided the business owner has three responsibilities: to produce and maintain jobs, to contribute to the community, and to provide a profit to the owners which can be reinvested. Without jobs a community dries up. Without jobs a state goes bankrupt. Most of the jobs in Orange County are provided by small business owners. They make the major contribution to the well-being of the communities here. The workshop will focus on helping business owners perform these three roles in the new economy.

By providing goods and services others in the community need, small businesses provide resources, time savings, efficiency, and substance for community interaction. I was very pleased to find a wonderful pita restaurant in Irvine when I was hungry. I am delighted my dry cleaners in Laguna provide such good and consistent service. I am equally happy with my local grocery store and my community bank. They take care of my nutrition and financial needs. They contribute to my well-being and the community well-being.

Finally, small business owners make a profit they can reinvest in the community. In addition to providing wages to their employees, small business owners create wealth and capital to expand their production of goods and services, to invest in other opportunities, or to provide deposits in community banks so the banks can loan the money to other business owners.

Small business owners are the strength of our communities. Right now business owners are preparing for the economy that is coming to them. All signs are pointing to 2010. I will be helping business owners create a flexible workforce able to respond to the changed and changing marketplace. The workshop will have speakers who will be able to point to stimulus money and help business owners access the funds. In the workshop business owners will connect with each other and with resources, they will discover how to access these resources, so, in 2010, they will have the best possible chance to helping their businesses and their employees thrive.


Save the date: Wednesday, January 20, 2010, 7:30-9:30am. Economic Stimulus Workshop for Business Owners in OC.

To Your Success in the New Economy!

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18 Nov 2009

Coming down the hill

Posted by Will Crist. No Comments

Earlier this week I was coming down the trail from the top of the hill I climb several mornings a week. It was a beautiful walk. These days I usually get to the top of the hill just as the sun is coming up over the top of the world in Laguna. It is often cold but invigorating.

On my way down, I met a man and a woman who greeted me. They had two dogs with them. On the gate to the wilderness area at the end of Dartmoor Street there are two or three signs saying "No Dogs." There is a large sign with five reasons to keep dogs out of the wilderness area. These were not the first people who had dogs with them. I wondered what they thought when they read the signs at the trail head so I asked them: "I'm curious, when you saw the signs that said 'No dogs' what did you think?"

The man said: "It is early. I don't think anyone will catch me."

I said thanks and went on down the hill.

That was an interesting answer. He didn't think anyone would catch him. I guess I am just as guilty as the next guy hoping no State Trooper will see me using my cell phone when I am driving. There are lots of rules and expectations I just hope no one catches me breaking. I wonder what that might mean if we only observed rules when we thought we might get caught.

This attitude is very self-centered. The first question is: "What do I want to do?" After that the question seems to be: "If there are barriers between me and what I want how can I get around those barriers without getting caught?" This sequence of questions led us to where we are today. Without any restraints on getting what I want, when I want it, as long as I don't get caught, we all wind up in a very isolated individual world. And we have wound up in a world that is broken.

Everyone cannot get what they want without considering the consequences of their actions forever. The rules catch up with us. Eventually we get caught. Maybe not by the "dog police" at 7am in the morning, but our actions eventually have consequences we will find uncomfortable. It won't be getting caught. It will be our actions catching up with us.

Isn't that what happened in our economy? We broke it by bending, stretching and then breaking the rules because we thought we wouldn't get caught.

It is time to rediscover how to make choices about what we do based on the highest good of all concerned. And maybe we should include the environment and other creatures in our the "all concerned" part. if managers used this in making decisions about how to treat their people, the satisfaction of the employees would increase. If sales people were looking out for the greater good of their customers rather than just more sales, their sales would actually increase.

The greatest good of all concerned. Who do you include in that list when you are making decisions?

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11 Nov 2009

What can you do if companies aren’t buying? Part 2

Posted by Will Crist. 1 Comment

As I make my daily pilgrimage up and down the 405, I wonder what business owners are thinking on this particular day. How many of them are preoccupied with finding the money to pay back taxes, reduce the credit lines, or to make next week's payroll.

Where does the money come from when customers and prospects have decided to reduce their spending to the minimum? If the revenue that used to come from a sales channel that has now dried up, what is a business owner to do? One tactic that many try is to "hold their breath" hoping that market will change and revenue will flow again before they have to exhale and take another breath. We all know hope is not a strategy.  We also know expecting that things will get back to where they used to be is a false expectation.

A more fruitful decision is to find out what the market place desperately needs and try to fill it. Calling prospects to find out what they are looking for, what is on their mind, or what is missing in their business will be more productive than calling to try to convince them to buy a product or service. After asking questions about what they need, you can take that data with you into your next conversation. You can begin to discover what is getting in the way of your customers' success. Once you have that data, you can look at the resources in your business to see if you can help them. You might be able to offer them something they will find valuable enough to pay you for.

Dave Kinnear says: "When the horse dies, dismount." I would add: "and start looking for another horse."

One of my clients in the bio technology system support space did exactly that. He began to listen for his clients' pain and discovered they were paying way too much to confirm that their equipment was actually clean after it was "cleaned".  He found that many of his customers were looking for disposable process systems and ancillary components so they would not have to "validate" the cleanliness of their process equipment.  The problem they were running into was that during the fifty year history of process control and instrumentation improvement, "disposable" was not a significant option.

Knowing what his customers were looking for, he began to develop a way to automate the disposable process via common set of valves that could easily be disassembled and tossed. Each step of the way he quietly discussed his ideas with key clients. He got good ideas from some and made alterations to his design. Over the past six months he has not only drawn prospects and customers into the conversation, he has also pre-sold his new product. As the product moves toward release, he is preparing to go back to the people that helped him envision this new product to make them an offer they have already said would be valuable enough to pay for.

The new normal in the economy requires a lot less selling and a lot more attention paid to other people. And if we do that, won't we rediscover some of the best parts of being human? We might find lots of opportunities to do things together because we like doing them. We might find more trust. My challenge for this week is to recover the art of being human and paying attention to other people. My daily initiative will be to find out from the people I am talking to what sort of offer they would find worthy of acceptance. I am stopping selling and seeking to find out what they are looking for. I invite you to join me. Try it. It's lots more fun.

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4 Nov 2009

Making our way through the fog

Posted by Will Crist. No Comments

As I was walking up from the hill in Laguna Beach I climb most days, I was in the fog. At the bottom of the hill it was almost as if the sun had not come up. I was walking in the dark. The closer I came to the top of the hill, the thinner was the cloud cover. I could see the moon, and the sun was just coming up over the top of the world above Laguna. At the top of the hill, I was above the fog, the sun was bright, and I could see out to sea. The other hills popped out of the fog here and there. What a beautiful way to begin the day.

As I began the walk back down I began to think about a conversation I had with a client a couple of months ago. He is a visionary leader. He is the President of a company going through a major transition from a market that is no longer productive to a whole new endeavor. Over the past year we have been working together to help each of the team members move from what they had been doing previously into new roles. Not all the members of the team had made the transition. The President was frustrated, and even a little angry, that one of his key players was not doing what, in the President's mind, he needed to be doing. We talked about this for awhile.

He said he had clearly articulated his vision. He told everyone in the company what he wanted to do and where he wanted to go. He was frustrated because one of his key players wasn't doing what was necessary.

He said he felt like he had been on the mountaintop and had pointed out the next mountain he wanted to get to. Since he wasn't seeing the progress he wanted he was frustrated. He told his key player what to do, but it wasn't happening.

It seemed to me the real issue was that as a visionary leader, the president had laid out the larger objectives. He told people where he wanted to go. In his mind, he had done everything he needed to do. At least he had given everything he personally would have needed to get to the next objective. Even though he had laid out the strategic objective, he didn't help his partner lay out the tactical steps. He didn't spend time reassuring his partner as he went through the transition from a job where he had been very successful to the new responsibilities.
The president had not realized his role as a manager. He was focused on the the mountain on the other side of the valley that was only visible above the fog. He didn't recognize that, as the manager, his responsibility was to help his partner become the best he could be. The tools managers use are coaching, mentoring, and supervising. If he were to assist his partner in laying out the specific responsibilities he had in helping the company achieve the strategic objectives he would help his partner succeed. By spending 30 minutes or so each week with his partner asking questions about how the journey down the mountain was going he would get clear about progress. Asking whether the commitments made last week were accomplished would help determine if he was on track. By doing these things, the the president would be giving the partner the necessary support to succeed.

Even though I could see the tops of the hills above the fog, I would not have any way of making my way from my hill top to the others without a clear plan, a leader who would support me from time to time by holding me accountable, and regular contact. The role of a leader, even a visionary leader, is to provide management for the people who report to him or her. Without that, it is not surprising that even experienced people are reluctant to get off the well-traveled road in the fog to achieve a new objective.

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30 Oct 2009

What can you do if companies aren’t buying? Part 1

Posted by Will Crist. No Comments

So  if companies are not buying, as we discovered in the last message (see in the October 15th post below), what can you do?

The first thing is to stop selling. Stop trying to convince someone to buy. If they don't want to buy, it will be very difficult to convince them to do otherwise. If they don't want to buy and you are successful at changing their mind, there is a good chance they will resent you and your product/service because they had to break their commitment to not spend money. (Remember the Snickers bar at the weight-loss clinic?)

As I make my daily pilgrimage on the 405 to meet with business owners, fellow service providers, strategic partners, and vendors, I am noticing that people are not making offers. I have concluded that they recognize people are not buying because the business owner doesn't want to spend money, so they are reluctant to approach anyone with the idea they will be selling them something. They are correct in their belief that trying to sell to business owners right now can make business owners very uncomfortable. Maybe they are confusing making offers with selling.

Often selling means trying to get someone to buy a product/service. We know how difficult that is today. So often selling is all about the salesperson, the product/service and the benefits for the buyer. On the other hand, making an offer means I have found out enough about the person I am speaking to to understand what they want, enjoy, believe they need, or are interested in doing. If I discover something that falls into any of these categories, I can make an offer. The offer might be to get together for coffee to discuss the want, need, hope or dream. It might mean revisiting the conversation in a week or two. It might even mean a free trial of the product/service or a money-back guarantee. It might even mean an invitation to a golf game or a sports event IF THEY SAID THEY WANTED TO DO THAT. In any case, when someone says "yes" to an offer, a decision has been made and the process moves forward.

It doesn't really matter what the offer is if it prompts a decision and moves the process forward, but the offer must be tailored to the personality, behavioral style, wants and needs of the other person, and their level of trust. Otherwise, it comes across as just another ploy to get them to buy, and their discomfort will stop the process.

The new normal in the economy requires a lot less selling and a lot more attention paid to other people. And if we do that, won't we rediscover some of the best parts of being human? We might find lots of opportunities to do things together because we like doing them. We might find more trust. My challenge for this week is to recover the art of being human and paying attention to other people. My daily initiative will be to find out from the people I am talking to what sort of offer they would find worthy of acceptance. I am stopping selling and looking for offers that they want to accept. I invite you to join me. Try it. It's lots more fun.

To Your Success in the New Economy!

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27 Oct 2009

I was fired

Posted by Will Crist. 1 Comment

I know what it is like to be fired. Even if you see it coming, it still hurts deeply. Words like: "I have replaced you" or "We are terminating you," or “Your position has been eliminated," can take your breath away. When I heard them, I didn't know how I would provide for myself or my family. Worst of all, I knew I would have to tell my wife that I failed. It was like someone sucked all the air out of me, and there was not enough air to breathe. I felt like a diver when someone steps on the air hose.

I felt devastated. My world was consumed by grief and despair. I literally did not know what to do. I had trusted in myself and my job. After being told to leave, I had no job to trust, and I didn't know how to trust in myself. And I didn’t have too many kind words for God either.

It took some time for me to begin to admit to myself I had been fired. At first, I tried to pretend it didn't happen, saying it wasn't my fault, or it wasn't as bad as I thought it was. That didn’t help. I was caught in my own belief that I had failed. My imagination was filled with the horror of no job, no money, homelessness, disease and finally death.  And to some degree I was right.

At first my prayers were pleas that I would not have to go through the pain. When that didn't work, I began to pray for knowledge about how to find a new position, or a new source of money.  When that didn't happen, I was at my wit's end. 

And that is when I began to talk. When I acknowledged to other people that I did not know what to do or where to go, I came out of isolation and back into relationship. As I began to speak, I began to trust: first, other people, and then, myself. It took me a little longer to regain my trust in God.

The more I spoke about my grief, frustration and despair, and the more I listened to others around me, the more I recognized that, even though I had been fired, I still had a great deal to offer. Slowly I began to realize that I had not lost myself, I had only lost the opportunity to serve in that particular project. As I listened to others, I heard the question: "What do you want to do?" and "How do you want to serve?"

At first I had no answer. I was too caught up in my own drama. Slowly, I recognized people were not asking me what I needed or what I wanted to do, they were asking me how I wanted to serve. They believed I had something to offer. If I have something to offer, I have a reason for hope. I have a reason to live. And that is where I realized the mistake I had made. Looking back now, I realize that my fears came from the belief that I, alone, was responsible for my life, and that if I couldn't produce money, I would die. Today I know that is a lie.

I had fallen into the belief that I had to work to get air to live when the reality is that there was plenty of air for everyone. My beliefs were like a tight-fitting deep sea diver's helmet around my head. I thought my job was to find enough places to plug my air tube into to get sufficient oxygen.

When I focused on others, I saw that lots of people were breathing freely without a helmet. When I trusted enough to open my facemask, I found out I could breathe deeply. There was plenty of air freely available for the taking. The challenge was to believe I could trust that God would supply.

Finally, I understood that I was not responsible for providing all the things I needed. When I discovered that God would supply them, I was finally able to ask: "How can I serve?" That became my prayer.

God's hand was in all the new projects that came after that: the martial arts magazine, the Toshiba technical writing project, the Internet CD product . . . all the projects that followed came when I took a deep breath and trusted God to give me what I needed. I learned my job was to find people to serve.

I stopped blaming myself for not having all the answers. Getting fired gave me the opportunity to find out that even though I was not in control, I was going to be all right. The lesson was difficult to learn, but I didn’t give up. When I started asking God to help me find a place where I could serve, I found unexpected opportunities. I discovered there was plenty of air to breathe.

I also discovered that I didn’t have to do it all by myself. By listening to friends and family who cared about me, by asking God to help; and by asking for places to serve rather than to be served, I found I wasn’t alone and never had been.

If you are struggling today, take a deep breath and feel the wind on your face. You are a holy creation, a favorite of God. You have infinite possibilities before you. Accept this truth with confidence and joy. Ask for help from God, from friends and family, from those around you. Embrace the pain that losing a job brings.  Look for new freedom and the chance to serve. Know that all will be well.

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15 Oct 2009

Why aren’t companies buying?

Posted by Will Crist. No Comments

I used to think of myself and my services as a fire truck looking for businesses with fires in the basement. My job was to look around, talk to people and find out if they had fires in the basement they wanted to talk about. Often, when they were willing to talk, they were also willing to let me put the fires out. In other words I could help them solve the problems they were facing. My experience was usually that people with fires in the basement were out front looking for the big fire truck to pull up. When they heard the siren, they started pointing to the building.

Maybe you have seen yourself in a similar fashion. Your offerings, your good or your services provided solutions to the problems the businesses or consumers were facing. Often, most often, the buyers who believed you could solve their problem within their time frames and budgets would buy. Systematic selling was a plus because it helped both the buyer and seller stay on track toward a decision. The decision could be either Yes or No. Either one was a clear decision and, once the decision was made, you could move on.

In the past twelve months, I have been feeling that the world has changed. There is almost universal agreement that most businesses have major problems that, if they were solved, would result in better business for them and the rest of the economy. People tell me things like: "There's lots of businesses out there who need you these days." When I first heard words like that, I thought, since I didn't have a line outside my door, maybe it would be helpful if I painted my fire truck a brighter red, put a flag on it, and revved the siren up louder so people would hear me. Not only did I not get invited to put out a lot of fires, the feedback I got was the siren was annoying.

I was really confused. They have a fire. I am a firetruck. What is getting in the way?

After talking to lots of people, I have come to believe believe that many business owners have taken a pledge to not spend money. They have decided that, even though they have money (and most businesses do have money), they are not going to spend it! If someone on the phone or in their office sounds like they are trying to sell something, the conversation is over.

When I came to this conclusion, I recognized that I was as welcome to business owners as a Snickers bar in a Weight-Watchers convention.

Lots of people wanted to invite me in to help them solve their problems in management and to help them enhance their revenue, but no one wanted to spend money. It wasn't that I wasn't doing all the behaviors that used to result in sales. It wasn't that my services were unproductive. That Snickers bar was very attractive. It just happened that everyone around me seemed to be on a diet.

I wonder if you are feeling the same way. You keep going out looking for business. Your products or services are top notch. They can really help people and other businesses. But nobody is buying. Sound familiar?

So what are you going to do? Nobody is spending money. The problems and limitations continue to smolder in the basement. You and I and others know we can solve the problems. But the beliefs about money and the commitment to not spending any is getting in the way.

I do know that big, red, noisy firetrucks are not the answer. Snickers bars, as attractive as they are carry too much baggage when people have pledged to not eat them. How do you help the people or businesses you know who are struggling to move forward?

If I had the answer, I would bottle it and se…ll it…. Oh that's right no one is buying these days. So how will we help businesses out of this dilemma? There will be risks. It will require courage. Those with the most courage will take the first risks. They will have the highest probability of being at the front of the parade when the music starts again.

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1 Oct 2009

What’s an owner or manager to do?

Posted by Will Crist. No Comments

The economic confusion has not yet been resolved. The numbers from the economic indicators that will make the biggest difference have not started upward. It might feel like we are becalmed in the south seas waiting for a breeze.

Alan Beaulieu, one of the country’s most informed economists, presented his forecast to a group of 300 Vistage members and their guests on Tuesday. Thanks to Vistage and their local chairs, Alan’s predictions are now part of the Orange County business conversation.

According to Beaulieu, we are in the late fourth stage of a four-phase cycle.  He comes to this conclusion because enough of the indicators he follows are beginning to trend upward. He doesn’t predict a sharp increase in economic activity as we emerge from the trough. The economy will grow slowly over time. He sees the economy in the process of bottoming out with the recovery phase beginning in August of 2010. So becalmed we are for the next nine months.

But that doesn’t mean the captain and crew sit it on their hands waiting for the wind to return. According to Beaulieu, this is the time for preparation. The wind will come. Those who have prepared with decks cleared, trained hands, a clear direction and sails aloft will catch the first breezes. This is time for preparation and training. Among the things to be considered are training programs, development of advertising & marketing programs, and the maintenance of a "can do" attitude.

In my conversations with business owners and management consultants around the country, I am hearing five things people are doing to prepare for the new wind.

Examine the results of all sales people. Find out what is working and what is not working. When you look at the sales reports for the past six months, what trends do you see? Does anyone’s results stand out? If so, why? Which leads to the second:

Determine what behaviors are leading to success. Find out what behaviors led to success. What is bringing new prospects into the room? What are people doing to get invited into offices? How are they building the relationships that allow people to share their real issues, problems, hopes and dreams? Sit down with your sales people and have a frank conversation about what they are doing and how they feel about what they are doing or not doing. There are generally two reasons someone doesn’t do something: they either do not want to, or they do not know how to. Don’t make the mistake of assuming your people are not prospecting because they do not want to. The old prospecting behaviors are no longer working for lots of sales people these days, and no one is predicting they ever will again.
 
Train your people to prospect in the new wind.
If your people are not finding new customers now, you have the opportunity to help them prepare. As Alan Beaulieu says, this is the time to invest in your infrastructure and your people. If you have a balance sheet that will attract a bank, this is a time when you should be investing in real estate. If you don’t have the balance sheet, you can invest in your people. Hire that one new person who will take you to the next level. Train the people you have. Find out if they want to learn how to create trusting relationships and discover the real issues prospects have today.

People are tired of being sold to. They instinctively push back against someone they think is trying to sell them. On the other hand, without buying services, products, or processes, companies and people will find improvement difficult. It is clear that no one can succeed in this complex world without help of many kinds. The learning before all of us is how to sell without selling, how to build a trusting relationship, and how to get clear about the process of discovering the real issues in others’ lives and businesses without sounding like (or even being) a salesperson. That new wind will be looking for people who know how to navigate in its wake without drowning.

 
Prospect, prospect, prospect.
Before you rush to forward this message to your sales team telling them they just need to do more of what they were doing two years ago, and they need to do it faster, recognize that prospecting is no longer about trying to get someone to buy what you have. It is more about seeking the wind of hope, desire, pain, and struggle in peoples’ lives. There are plenty of potential customers in the business world you call your marketplace who need and want what your people are selling. They are predisposed to buy what you have. The task is to find them. Like children looking for Easter eggs in a yard filled with small, egg-shaped stones, successful sales people tomorrow will be looking for people with needs, wants, and pains instead of trying to convince someone to buy something. As one of my colleagues is fond of saying: Salespeople will become like heat-seeking missiles searching for pain or desire. That is prospecting in the new wind.
 
Track behaviors and results ruthlessly. Finding out what works, and then seeing people commit to trying the behaviors are first steps. Tracking the behaviors and comparing them to the results are essential. Give people the feedback they need so they can see what is working and what is not. Help them see where they are working and were they are not. Don’t accept excuses. Train your people, support them, track their behaviors, give them feedback, and help them be the best they can be. At the same time keep your eyes open to see a great salesperson wandering through your marketplace looking for his/her next great opportunity.

We are all learning our way as we prepare for the new wind that is on the way. If I can be of help to you in the next nine months, do not hesitate to call on me. I am looking for people I can help prepare for the coming wind. Luck is preparation meeting opportunity. I wish you the greatest luck in the next twelve months.

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15 Sep 2009

Five Sales Management Strategies That Worked in Past Recessions

Posted by Will Crist. No Comments


(I just read this in SellingPower Magazine, and I thought you would find this interesting.)

This is the fifth time the United States has been in a recession since 1970, and with each one, top sales leaders have found ways to grow revenue. So which sales strategies have worked best recession after recession? The Forum Corporation recently dug through reams of research on past recessions with the aim of discovering just that – the most effective selling strategies for the most challenging times. The Forum Corporation senior consultant Jeffrey Baker revealed Forum’s findings in his point-of-view paper, "The Downturn’s Upside – Creating a Recession-Proof Sales Strategy." He says there are five strategies that have worked time and again during recessions. Here’s a look at each one:

Remain optimistic. Before you roll your eyes and say, "Yeah, yeah, I’ve heard this before," keep reading. There’s a reason optimism is listed here as number one and that it comes up again and again as a key strategy of successful selling in a recession. "In times like these, attitudes can have a profound impact on overall performance," says Baker. "Optimistic thinking skills have been positively correlated with successful outcomes in the sales profession."

Keep in mind that optimism doesn’t mean blindly whistling a happy tune; rather, it’s about the conviction that negative events are temporary. Skilled optimists can look past the constant onslaught of negative news to see the many selling opportunities available amid the economic turmoil.

 
Reassess and requalify. Your customers’ businesses are changing; don’t let their new strategies render your product or service obsolete. Ask your customers how their businesses are changing and, more importantly, how your product or service adds value now. Show how your offering is essential to the client’s business and how it fits with his or her company’s strategic objectives. And if you discover a repositioning is not enough, act fast. Sometimes a client’s new direction requires a new product or service configuration to be truly valuable and competitive. But catch it quickly or you risk losing business.

Expand relationships. Customer relationships have always been key to successful selling. But it’s no longer enough to have just one or two solid relationships at a client organization. With more and more people joining the buying process, salespeople must deepen relationships with customers and prospects, as well as expand their relationships upward and across client organizations. Don’t sit idly by waiting for news of others who have entered the fray. Seek them out now.

Address customers’ risks. Customers are more concerned than ever with risk – just look at your longer sales cycle for proof. Use those concerns to help you build your case. Skilled salespeople will uncover key risk concerns of customers early and address these risks directly and in a way that builds competitive selling advantage.

Remember that risk concerns are always an opportunity. When prospects ask for a lower price, for instance, you can remind them of the risks of supplier failure and that desperation pricing from a supplier is often an indicator of precarious finances. Or maybe you have a product that can mitigate a customer’s risk in a certain area – now’s the time to focus on it.

Be bold and insightful. Customers are so overwhelmed with all the changes happening in their businesses and industries that they don’t have time to listen to yet another generic sales pitch. To be heard today, you must be able to offer innovative insights on the customer’s business. How can you alleviate a specific pain? What fresh ideas do you have regarding the customer’s company? How have other clients solved a problem with which this prospect is grappling? Anything less than a targeted, intelligent, well- researched idea isn’t going to get you in the door.

For a copy of Forum’s full point-of-view paper, visit www.forum.com.

Management is not rocket science, but there are systems, lists, rules, and ideas that can make your job easier, more productive, and make you more successful!

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