Archive for the ‘General’ Category

Take The Initiative To Be Successful

Monday, August 30th, 2010

Being proactive in sales is imperative to achieve success.  Conversely, waiting for the phone to ring—being reactive— is a surefire plan for failure.  By taking concrete actions, you can reach a particular outcome or goal. 

Brainstorm the areas where you could you become more proactive in your day-to-day sales endeavors, but always remember that activity for activity’s sake is never the answer. What common problems or challenges do you encounter that you could minimize by taking action sooner?  Which of these problems are you ignoring because it isn’t your responsibility? 

Remember…a problem is at its smallest when you first discover it so the more proactive you can become by taking the initiative, the more successful you will be in anything that you do.  This is particularly evident in the sales game where taking the initiative can be the difference between success and failure.

The Sales Advisory Board 
Copyright 2010 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/

Are You A Sales Driven CFO?

Monday, May 31st, 2010

I was recently asked for my opinion about the role a CFO plays–good or bad–as it relates to the sales organization.  At times, I have witnessed short-sighted CFO’s take on such a significant role within a company, it sometimes facilitated the downward fall of the company itself.

My view on the role a CFO can play is very straightforward.  The sales organization is responsible for generating the revenue.  The financial organization is responsible for managing the money.  If the sales organization isn’t generating revenue, changes need to be made within the sales organization.  If the financial organization isn’t managing the money properly, changes need to be made within the financial organization.

I’ll say this: The “bottom line” is that there would be no need for a CFO, and a CFO wouldn’t have a job if the sales organization wasn’t “bringing home the bacon” by way of generating new sales revenue.  If you think about it objectively, the sales organization drives the other business units and is the hub that connects the spokes to the wheel.

In my experience, the problem with many of the CFO’s I have worked with throughout my career is threefold:

1. They view the sales organization as an expense not an investment.
2. They jump over dollars to count pennies.
3. They are short-term thinkers with limited vision.

I’ve only worked with one credible CFO in my career who truly understood the importance and necessity of the sales organization as the sparkplug of the company, and he was good because he understood and valued the sales organization as a whole.  Moreover, he understood you can’t cut your way (long-term) to profitability.  He also “got it” and understood the concept that without top-end revenue growth, a company is doomed to fail. 

The sales organization should be viewed as an investment not an expense.  CFO’s who understand this concept are much more valuable in the marketplace.  Unfortunately, they are in the minority in today’s market.

The Sales Advisory Board 
Copyright 2010 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/

Top (5) Professional Networking Mistakes

Wednesday, January 27th, 2010
Professional networking, especially in a sales setting can often prove unsuccessful when the proper tactics and strategy are not applied properly to ensure measurable success on a consistent basis.

For starters, it is prudent to remember that everywhere you go; whether it be church, the dry cleaners or the dentist can be a networking opportunity so always be prepared.  The most fundamental of all networking principals is to always have your business cards with you.  This is an absolute must!

Show me a salesperson who doesn’t have their business cards with them at all times, and I will show you a failure.

Avoiding these (5) key networking mistakes can be the definitive difference between success and failure.

#1. Monopolizing a person’s time:  Everyone has experienced that annoying person who traps you in a corner and takes over the conversation.  Refrain from monopolizing a person’s time or conversation.  The point of attending networking events is to socialize and mingle.  It doesn’t mean holding onto one person for the entire event.  This is a sure-fire way to instantly turn people off.

#2. Coming across as a pompous know-it-all:  Listening is just as important as promoting your product or service.  Avoid sounding like a know-it-all, and ask other people about what they do.  If appropriate, offer advice.  While it’s important to market yourself effectively, make sure the line between self-promotion and bragging is never compromised.

 #3. Acting passive and not working the room:  The point of a networking event is to meet as many people as you can.  Even though it’s easy to feel comfortable with one group of people or one person in general, make sure to work the room.  Act as if you are the host of the event and want everyone to have a good time. This is a good ice breaker and makes a great first impression.  Don’t be passive and sit on the sidelines waiting for someone to talk to you. Walk around the room and introduce yourself to different groups of people. 

#4. Stop going after one event:  Many salespeople go to a select few networking events, and when they don’t get anything out of them, they stop going altogether.  Networking, whether it be one-on-one or in a group setting must be a consistent effort as part of your business development strategy.  Give it time to work and don’t be so quick to give up so easily!

#5. Not helping others first:  Don’t be a walking sales pitch.  Find out how you can help others as opposed to how they can help you.  By helping others first, and making them the focus in your networking efforts, you will be rewarded by your efforts.

Avoiding these (5) costly mistakes will go a long way to helping you increase your  professional networking effectiveness.

The Sales Advisory Board 
Copyright 2010 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/