Keith Rosen’s Executive Sales Coaching Blog on Selling, Leadership, Management » Business Coaching

The result is the process. A timely paradox and critical mind shift that every salesperson and manager must make if they want to transcend the mediocre performance they may be experiencing today.

Even before you can engage in the type of sales benchmarking activities that I wrote about the other day, (you can find that blog post here) or even take the time to refine your selling skills, you will come head to head with resistance to selling by the numbers if this change in attitude around how we approach selling is not fully embraced beforehand.

I was reminded how important this was during a seminar I delivered last week in NYC. At the end of the seminar, one manager raised his hand and posed this question to me. He said, “Our sales cycle has changed dramatically. Our salespeople can no longer make a call and take an order. Our product offering has been modified and as a result, the average cost of our product has increased, which has all contributed to a longer sales cycle. However, my salespeople are still reluctant to change. They’re still stuck in that transactional way of selling. They’re getting more frustrated and discouraged because sales aren’t happening fast enough, all because they’re unsure how to manage this longer selling cycle. I’ve told them many times over, that our sales cycle is no longer the way it used to be, and we need to be more patient with the process and more consultative with our customers. I’ve explained to them over and over again, that we need to modify and re-engineer our selling process in response to these new challenges, the changes we’re up against and how our customers make a purchasing decision and buy from us. What else can I do?”

As this sales manager was explaining his challenge, I was thinking to myself how important it is today, more than ever, to become process driven. Without this change in our thinking, salespeople will be unable to honor the process needed to convert more conversations into sales, let alone build out a more robust process and selling strategy that will enable them to do so. As such, the eternal conflict between our tactical strategy and our thinking will continue to rage on.
I have a detailed article on this very subject that you can find here. The original title of this article was WARNING! Goals May Be Hazardous To Your Success. Are They Sabotaging Your Selling Efforts?

As my colleague Dr. Tony Alessandra explains in the following statistics, “It’s amazing how many times success can be assured by attending to the basics of the job.” For example, in a study of 257 Fortune 500 companies, the following was found:

17% do not determine an approximate duration for each sales call.
23% do not use a computer to assist in time and territory management.
28% do not set profit objectives for their accounts.
37% do not use prescribed routing patterns in covering territories.
46% do not look at their use of time in any organized way.
49% do not determine the economical number of calls for each account.
49% do not use prepared sales presentations.
70% do not use call schedules.
75% do not have a system for classifying customers according to sales potential.
76% do not set sales objectives for their accounts.
81% do not use a call report system.

So, the question is: How can you assure your future success by eliminating these oversights?”

The fact is, companies will fail to invest the time in order to eliminate these process oriented oversights and embed these necessary changes into their process if the sales culture is too focused on getting to the result by forging ahead in an attempt to close more sales. Managers can continually push their people to become more mindful of these numbers, however, it’s the process driven questions managers need to be more sensitive to rather than the result driven questions that managers obsess over that continue to perpetuate this toxic way of thinking. Those questions sound like, “Are you hitting your numbers? How many follow-up calls did you make today? How much good volume did you book this month? How many leads did you run this week?” While important, these questions only focus on half of the equation. What is missing is the “How,” that is, the questions that focus on the process the salesperson needs to engage in to achieve the desired end result.

Managers need to stop coaching to the result and start coaching to the process, instead.

Become more mindful of the process that will drive the results you seek. Without the change in your result driven attitude that’s keeping you stuck in the first place, all efforts to better manage your selling strategy by a numeric formula are certain to be short lived.

For salespeople and sales leaders, the fundamental shift in our attitude that needs to occur is this; move away from being so result driven and instead, become more process driven.

We must honor this paradox and break free of the limiting thinking that confines us to the current level of performance we’re experiencing. If we truly want to excel today, realize the result is truly the process.

Here’s more on this paradox.

Click here to listen to and view this webinar.

If you missed last week’s blockbuster webinar, The Sales Leadership Imperative, you can now access the recording immediately and listen to this 45 minute discussion I had with Jonathan Farrington. We focused on the most pressing questions that sales managers and sales leaders are faced with today.

Here are the questions we responded to:

1. The burning question today is, what can managers do to get their people motivated and performing at the level they need to be at consistently while still having time to focus on their other priorities?




2. Why do so many potentially good sales managers fail?




3. Managers struggle most when dealing with an underperformer and making the determination about whether to support them, do nothing or let them go. How long should you stick with a salesperson who has potential, but doesn’t produce?




4. If you had to identify just six key metrics that sales managers should use to benchmark their sales team’s performance, what would they be?




5. If coaching is the missing discipline amongst managers and sales leaders today, then why do so many coaching initiatives fail within organizations?




6. What do you think, are great sales leaders born or made? What are the characteristics of the very best?




7. What are some of the inherent challenges/barriers for management who are looking to make the shift and truly coach their sales team?

Most sales professionals, in practically every industry sector are struggling to meet sales quotas. The reality is, there are still plenty of opportunities to better retain existing clients and acquire new ones but the rules of engagement have changed.

Sales leaders, who have recognized these changes, are re-educating themselves and their sales teams by adopting a totally new approach to selling as well as leading their team and as such, are forming a new type of sales culture. To drive positive, measurable change and keep their competitive edge, managers must learn how to quickly and effectively coach, motivate and retain their top producers while turning around the underperformers.

So, if you’re a sales manager or even if you’re not a sales manager but need to get your team producing and selling more today, you can access this recording here.

Click here to listen to and view this webinar.

Top 10 Biggest Recession Winners

IBISWorld Announces Industries To Perform Best in 2009

The recession is crippling businesses across the nation, but several industries will remain unscathed by the current economic strife, according to recent Recession Updates published by industry research firm IBISWorld. As one of the nation’s most respected independent publishers of business intelligence research reports, IBISWorld today announced the top 10 industries expected to have the largest revenue growth in 2009:

INDUSTRY AND REVENUE GROWTH 2009
1. Voice Over Internet Protocol Providers (VoIP) 20.1 percent
2. ecommerce & Online Auctions 12.6 percent
3. Biotechnology 10.3 percent
4. Engine, Turbine & Power Transmission Equipment Manufacturing 10.0 percent
5. Scheduled Bus Service 9.2 percent
6. Court Reporting Services 7.7 percent
7. Community Housing Services 7.5 percent
8. Search Engines 6.5 percent
9. Family Counseling 6.1 percent
10. Video Games 5.8 percent

“Emerging industries remain well represented and continue to benefit from technological innovation and cost advantages,” explained George Van Horn, senior analyst with IBISWorld. “Unfortunately, the impact of the recession is equally pronounced among sectors directly benefitting from the social and financial stress associated with the downturn.”

While only five percent of all U.S. industries are fortunate enough to be positively impacted by the recession, IBISWorld research estimates that nearly 60 percent of all industries are negatively impacted or worse.

About Recession Updates
On January 15, 2009, IBISWorld published a set of Recession Updates on its website that includes quarterly forecasted growth, an in-depth look at the shifting business landscape and its immediate repercussions on each U.S. industry. Also published was a macroeconomic recession briefing, entitled Economic Crisis: When Will It End?, created by the company’s senior analysts and Chief Economist, Dr. Richard Buczynski.

For more information visit ibisworld.com

Listen to the podcast here

Got your mojo?

Are you born with it or can you develop it? Here’s a recent podcast I did with Salesopedia that explains what makes up your sales mojo, which defines who you are and how you come across to others.

Listen in as I describe in detail how your confidence, attitude, mindset, relationship with fear, and your ability to be engaged in the moment, all combine to determine how powerful your sales mojo can be. During these times, you need every advantage to be successful in your career, especially in sales. So make sure you tune in to get your sales mojo and develop your unique, winning edge.

You can listen to the podcast here.

Here are installments number four and five in my eight part series. These two focus on developing a deeper appreciation for your job if you’re fortunate enough to have one today, and some strategies you may want to stay away from unless you want to be known as the consummate complainer. Where do you think that’s going to get you?

Four: Be Grateful

Talk to people who used to complain about their salary, boss and work conditions. The same people who used to whine about their job are now many of the people today who are grateful to have one. And this sense of deeper appreciation for their employment and their income is echoed from the taxi driver to the cook at the local restaurant, the shop worker, the teacher, the sales associate, business owner as well as the executive.

It’s not just a right to have a job but the privilege that comes with having one today. We are finally beginning to shed the sense of American Entitlement™ that was spawned from the greed that has put us in this position we are in today.

Five: Don’t Be The Squeaky Wheel

Are You known as The Consummate Complainer? Where it used to be the squeaky wheel got the oil, now they squeaky wheel is getting the axe.

1. Be of service rather than being selfish. This is the time not to be so self centered but to also be of greater service to others. Don’t seek out greater recognition; financial or otherwise. Be more collaborative rather than being competitive. So, get involved and help out where you can; now more than ever.

2. Be fully accountable. That means no blaming or passing responsibility and no finger pointing. If you made a mistake, then be the first to own up to it and correct it. Trust me, no boss wants to be caught up in further drama, so stay away from creating any unnecessary problems and conflict with other employees that kill your time and productivity.

3. Don’t be high maintenance. Companies don’t need much of a reason today to let people go. In fact, many companies are taking advantage of this and have accelerated the dismissal process of more underperformers today than they have in decades. So, be careful if you’re the type of employee who always complains; whether it’s about the temperature in the office, the work space or the noise. If you’re known to be the person who has an air of entitlement or who is just difficult to work with, guess who is going to be the first to be let go, and in many cases, that’s regardless whether or not they are top performers.

The San Francisco Chronicle reported the other day that if they can’t reduce expenses significantly, they will have to close or sell the business. Interesting choice of words. Why didn’t the ticker on CNN read, “The San Francisco Chronicle reported the other day that if they can’t increase sales significantly they will have to close or sell the business.”

A subtle yet critical distinction and more evidence that supports how desperately our thinking in every area needs to evolve from scarcity to abundance. Companies need to realign their focus on what really matters to drive growth and sustainability.

“Reduce Expenses or Increase Sales?” I’d go for the latter. After all, what you focus on grows. If every employee is more consumed with the survival based, scarcity and fear driven thinking that sounds like, “What can I do to cut costs?” then they are not simultaneously focusing on the more important question. That is, “What can I do to increase sales and the value delivered to our customers in order to increase retention?” Every person in your company needs to be mindful of what is needed to search out, identify and uncover new selling opportunities. But first, they need to be informed of this new line item in their job description, enrolled in it’s level of importance and then given the tools to execute on this. This is the priority today. Otherwise, the fundamental misallocation of effort which is a byproduct of this misaligned thinking within many organizations today will continue to leave more failed businesses in its wake.

Management must turn your binoculars around. Instead of looking at what you can take away to lighten your load, make each person an integral part of customer retention and acquisition. You’ll soon notice a positive change. Otherwise, the next load that is lightened can be you.

Here’s a quick survey that you can take and then check the poll results immediately. How has your company measured up? Are their efforts aligned with all of their good intentions? Are they allocating budget where it can have the greatest impact? Or, are they more caught up in searching for another place they can cut costs rather than focusing on what they need to do to boost sales? Take this poll and see how you compare against other companies. If you don’t see the poll below, go to the poll page here.

I have something timely and special I want to share with you. It’s a new guide I’ve developed entitled, Leadership Mojo. And today, I’m giving it away for free because in this economic climate, every great leader and manager needs their mojo to get their sales team selling more than ever before.

Learn what you can do to coach your team to sell more during new and more challenging times. As a complement to my award winning book, Coaching Salespeople into Sales Champions, I’ve put together Leadership Mojo; a compilation of thoughts, ideas and strategies on the new discipline of leadership and what it takes to coach your sales team into high performing sales champions.

You may be wondering why I’m giving this away for free. Well, since every competitive edge counts today, I want to do to my part in supporting you during more challenging times.

Tap into over one hundred pages filled with dozens of timely and practical tips to:

And more!
Value: $30.00
Special Offer: Download this for FREE!

Get Your free copy of Leadership Mojo

DIRECTIONS: To receive your free copy, simply send an email to mojo@profitbuilders.com with the words “Leadership Mojo” in the subject line and within minutes, you’ll receive your special download!

IMPORTANT NOTE: To ensure you receive the instructions and link to download your free copy, please make sure you have the email address mojo@profitbuilders.com in your safe sender/recipient list to avoid our email being deleted or flagged as spam. If you don’t receive our email within 24 hours, then please send a second email to the same address with the words “Second Request” in the subject line so that we can assist you.

For more information on this new eguide, click here and get your mojo.

I want to share a conversation I had recently with a CEO of a fairly large company. He was telling me how they’ve done as much fat cutting, expense reduction, budget freezing and overhead trimming as they can.

They’re on their second rounds of layoffs and it’s still not looking good, as another layoff is lurking. With sales down and their pipeline drying up rapidly, I asked him what he’s doing to better market and sell his core product line, as well as what the company is doing to better train and develop their people, especially their salespeople. As I surmised, he responded, “Well, regarding advertising and training, those were two of the first things we cut out of our budget.”

He then continued by saying, “We’re doing everything we can to cut costs wherever possible, just doing the absolute minimum in spending to ride this storm out. We’re running pretty lean right now and really, the only things we’re spending money on today are the bare necessities to keep this ship afloat and to keep the lights on.” The tone in his voice almost suggested that he was proud of the way he’s handled this.

My response to him was simple. And it’s the same message I’d deliver to every CEO and business owner out there who thinks this is what they need to do to navigate through these challenging times and come out on top. I said, “You can continue to cut costs and do what you can to keep the lights on but keep this in mind. In the end, you’re still selling and managing in the dark.”

In today’s marketplace, you can’t incentivize a company through a recession, freeze enough spending or cut enough overhead to survive, let alone thrive. There are enough companies out there that have proven this already who are no longer here today and more that adhere to this philosophy as a survival strategy (Circuit City, Steve & Barry’s, Linens ‘n Things, Macy’s, Citibank, Sharper Image, Washington Mutual, Home Expo, Ebay, AT&T, KB Toys, Panasonic, IBM, Microsoft and the list goes on and on. Here’s one scorecard on CNET that lists the companies that fall victim to this line of thinking and how many people they’ve laid off to date).

There are dozens of case studies and statistics out there demonstrating that those companies who continually market, advertise and invest in the growth of their people during tougher times are the ones who eventually rise to the top and thrive, positioning themselves to win more business when things turn around. Those companies who are thriving today are the ones who have the most important question in focus and in their line of sight. What is top of mind for them is, “How can I make my salespeople even more valuable and effective?” These are the companies who are investing in advertising and more so in sales coaching, sales training and in further developing their core asset, the one that can make the greatest impact in their bottom line; their people.

CEO’s and leaders of these top corporations are more transparent than ever, and most of us don’t like what we see. In fact, the words “clueless,” “disconnected” and the phrase, “out of touch with reality” come to mind. Maybe it’s because they’ve been sitting in their ivory tower far too long or maybe it’s because they’re spending far too much time traveling in their private jets.

Sure, we can’t control many of the things going on in the economy. However, what these CEO’s and companies can do is realign their thinking around the things they can control and the importance of continually developing their people, which begins with how these executives develop themselves into the leaders they can be in this new age.

It’s evident that many organizations have lost sight of the primary objective of management and leadership, which is simply this: To make your people more valuable.

So until my next rant, learn something new, hone your skills and have a great selling week!

One reader emailed in a question asking for some further clarity around the bigger reward from becoming fully accountable for everything in our lives as well as for the people on our team or who we manage.

Here’s the ultimate reward for you. Once you take full accountability for yourself as well as each person on your team, you are now able to empower others to be fully accountable for themselves.

If you can’t take full ownership over what you are responsible for anyway and for the most part, what your paycheck is judged by, then think about the lethal environment that you are breeding within your team. Remember, avalanches roll down hill and you are modeling the behavior you expect to see in them.

Looking at your team today, they are in essence, the result of your attitude and the choices you have made in the past. Your team tomorrow will be the result of your attitude and the choices you make today. Make the choice today to be the change catalyst you can be. Choose to make a measurable difference and become the leader who you know you’re capable of being.

Therein lies the ultimate source of power, for when you take ownership of full accountability, you get to be at full choice around what you are holding yourself accountable for as well; and it will be your choice to utilize your personal power, your talents, your vision, your values and your integrity in a way to move you and your team forward. If you stop for a moment and think about it, this isn’t your practice career or team. Nor is it our abilities which show the world who we truly are. Instead, it will always be our choices that define us.

Dr. Marvin Jolson was very dear mentor of mine and a true business leader; a trailblazing pioneer and innovator when it came to the areas of sales and marketing. Here was the guy who practically invented the way encyclopedias were sold door to door and the force and genius that enabled companies like Encyclopedia Britannica where he was Senior Vice President and, back in their hay day, MCI enjoy years double digit sales growth and greater profitability. In 1990, he received the Distinguished Doctoral Graduate Award from the University of Maryland. In 1999, Dr. Marvin Jolson was the first person ever to receive the Lifetime Achievement Award presented by the American Marketing Association to a scholar who has made a career of furthering the academic advancement of selling and sales management.

He’s written a library of books and has authored dozens of ground breaking articles, many of which have appeared in venerable publications and journals such as the Harvard Business Review, The Journal of Marketing, The New York Times and Sales and Marketing Management. Dr. Jolson was also the Editor of the Journal of Personal Selling & Sales Management. The legacy Dr. Jolson left behind also consisted of one of the most successful home security companies in Baltimore called CRIMPCO Security, which is currently being run by his son, and his two grandsons; leaving a strong and well entrenched empire for his family to continue to grow and nurture.

Dr. Jolson’s risk-taking tendencies, assertiveness, charismatic style is what won the admiration, respect and trust of his colleagues as well as his students. I remember, driving from my house in Potomac, Maryland about 30 minutes to the University of Maryland where I would visit with Dr. J (that’s what his student’s called him) at his office. He was the Professor of Marketing at that point, still teaching a few classes even well into his seventies. Dr. J’s open door policy transcend beyond his classroom or office. Occasionally, a student would even stop over at his house to get advice or to just say a quick hello. Dr. J made everyone feel comfortable, even his students who knew very well that the door at the home on Ridge Terrace, Pikesville, Maryland was always open.

I vividly recall enjoying the hours of debating the principles of selling and marketing with him. Dr. J would site his articles and case studies that appeared in the myriad of journals he was published in and I would share the most recent experience I had during the sales call I went on earlier that morning.

Dr. Jolson was the first person I reluctantly let review the very first manuscript I wrote; my first book on selling. Given the amount of red comments I received in my manuscript, in hindsight, I was probably better off giving him the manuscript on a day that either we agreed on a certain topic or philosophy or he ‘won’ the debate.

One of our favorite debates dealt with the level of accountability of a manager. We were both in agreement that in business, as in life you are fully accountable for everything that shows up in your life. It’s one of what I refer to as the universal principles I personally adhere to; one of the principles of attraction. As you can imagine, we also agreed that every person, every manager, is fully accountable for their communication, and that includes the message being heard by the other person.

Since we can control our communication and what we say, and we can’t control the other person’s communication and how they hear us, then we must learn to uncover and speak in a way that the other person listens and likes to be spoken to. Besides, who we are is created in how others hear us. Therefore, we must own the responsibility of the entire communication process and adjust our communication style accordingly.

While both of us agreed in this sound principle, there was always an interesting conversation that transpired when it came to discussing what factors determine the success and failure of a salesperson. That is, if a salesperson that you are managing fails, whose fault is it?

Whether your team consists of one thousand salespeople or just one, the simple fact stands; you are 100% accountable for the success and failure of your team.

Over the last several years, the media has focused our attention on some of the most devastating business failures of our time. People lost their life savings and were financially crippled by the fall of some of these business empires such as Enron, which was run by unethical, greed driven, sub-human, bottom feeders that thrived off the misfortune of others. In the wake of these ethical disasters of mind numbing proportion, the integrity of business leaders has been forced back in the limelight.

Yet, clearly not enough policing nor policy has been put in place to avoid these catastrophes from happening again, given the current state of our economy and the crisis that has crippled our financial institutions and again, the lives of millions of people. Which poses the question, have we actually learned anything from these lessons? We talk about them, and write about them but what changes have actually been made to prevent these disasters from happening again? What changes have you made as a result? Our society cannot be destined to continually be the victim of other people’s greed and their ability to shed accountability like a snake sheds its skin. Pointing the finger at the ones who profit the most from these crimes clearly has not served us well. The fact is, we all play a role.

Instead, we opt to stick our other hand in the fire by bailing them out with billions of dollars. And why not? After all, they’re too big to fail. According to Wikipedia.org, The “Too Big to Fail” policy is the idea that in American banking regulation the largest and most powerful banks are “too big to (let) fail.” Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. This means that it might encourage recklessness since the government would pick up the pieces in the event it was about to go out of business. The phrase has also been more broadly applied to refer to a government’s policy to bail out any corporation. It raises the issue of moral hazard in business operations. (Gee, ya think?) The real definition of this policy is, “Once you get to a certain size in your business, you don’t have to be accountable anymore.”

It wasn’t too long ago when some noteworthy companies rose to the occasion or at least have made an attempt to do so, starting with taking full responsibility for their failures. Two companies that I’m referring to specifically are Jet Blue and Southwest Airlines. During the winter of 2007, devastating weather conditions combined with dreadful mismanagement and the poor deployment of resources caused the delays and cancellations of hundreds of flights, which left thousands of passengers stranded.

Here were two companies, who clearly screwed up – big time. But here’s what they didn’t do. They didn’t run and hide. They didn’t spin their story. They didn’t blame everything on the weather, as bad as it may have been. Conversely, here’s what they did do. They took responsibility, they apologized to their passengers, families and to the general public. They did their best to lay their cards on the table and let us know they made a big error. And in the spirit of good business practice and taking care of their customers, Jet blue offered their passengers refunds on their tickets, and in some cases, Southwest Airlines actually gave their passengers their flight for free. While it may not have been their entire fault, these companies still took 100% accountability for this debacle. They took full ownership of the problem even if the cause of the problem was outside of their control.

I guess the leaders of the growing list of failed banks, mortgage companies, investment houses and lending institutions didn’t get this lesson. The last time I checked, avalanches still roll down hill. It always starts from the top. (Here’s a chuckle. One of the banks that shut down operations was actually named, “First Integrity.”)

This is the type of mindset; one of full accountability; that a leader needs to adopt. For those ever-evolving cultures that embrace change and are strong advocates of personal development and lifelong learning, taking full accountability is a prerequisite for leadership in tomorrow’s companies, as well as for the customers that they serve. For today’s companies, how unfortunate it is that you can still survive and thrive without it. But the question is, for how much longer?