Posts Tagged ‘Sales’

Strengths

Yesterday, I went to the hobby store and bought a precut Pinewood Derby car for my son who is in his first year of Scouting. I decided to forgo the cutting of the car myself because it required a bunch of tools that I didn’t own and looked really difficult.

I was almost certain that I would have spent the entire day, going through a dozen blocks of wood, cursing loudly in front of my son and possibly even chopping off a finger.

I was not born with, nor have I ever developed, the “handyman” gene. And a few years ago I realized that I don’t care.

We can’t be good at everything.

One of the keys to your success in 2011 is deciding where should you develop your expertise.

Can you  be great at sales, operations, finance and technology? I doubt it.

Why not pick 1 and become the best?

CJ McClanahan is the Founder of reachmore, which provides leadership coaching for small business and executives.  Email CJ at cjm@goreachmore.com for the latest on reachmore’s revolutionary executive coaching program, Summit.

What can you do in 31 Days? By: Scott Manning

I find it silly that many entrepreneurs I know lazily coast through the end of the year.  They use the Holidays as excuse, ‘no-ones-buying’, or not enough time, or why start something new now, etc.
When they ought to be racing to get the most out of what’s left.  Think about it, if you’d like to willingly hand over about $8 for every $100 you earn, then I know some people who’d be happy to take it from you.  Because that’s what it’s like giving up 1/12 of your year.
Now’s the time to kick it into high speed, put the pedal to the medal, because EVERYBODY’s buying something.  And even if your product or service isn’t much of a ‘holiday item’ there’s a lot more you can do.  Everybody knows you run faster when you see the finish line for this 12 months, you don’t slow down.
Now, next week, I’m going to give you 12 specific things you can do, in honor of the upcoming 12 days of Christmas – this week, just some things to think about.
1.  The most universal ‘reason why’ and conversation in people’s heads – The Holidays
2.  The most obvious and real Deadline, the end of the year – or Christmas
3.  The perfect time for renewals, upsells, and upgrades – great for fear of price increase
4.  Best of All, it’s the perfect time for something New – everybody’s looking for it and wants it
Simply, use what you’ve got, the asset of the Calendar, but whatever you do, don’t slow down.
Sure, once in a while there’s good reason to NOT do something…
For example in most industries it’s a terrible idea to have a seminar in the middle of December.  And sending a bunch of direct mail to Professional Practices who might take extended vacations across Christmas and New Years is also a waste.
But, doing nothing.  Bad idea, of which you will not feel the consequences of it until long after the Holidays, about the time your credit card bill comes in January when you were too busy shopping instead of stocking up on ideas and money.


Oh, spend, spend, spend, but don’t forget that your primary responsibility is to SELL, SELL, SELL!

What should you be doing, right now, that December’s here?

Values

A few weeks back I was  on a plane heading to Vancouver.  I was filling out the customs forms as we landed and came to the box that said “Are you bringing any commercial goods with you to sell?”.

Up until this point in my business the answer had always been “no”.  However, on this trip I had 1 box of my books that I thought I might try and sell at a speaking engagement.
Before I checked yes, I thought to myself, “This isn’t really that many books.  Do I really want to check ‘yes’ and slow down the entire process?  What if they want to check my luggage and ask me a bunch of questions. I will just check ‘no’ and avoid the hassle.”

But, then I remembered that one of my core values is “honesty” and I reluctantly clicked the box that said “yes”.  This decision did slow me down and resulted in checked luggage and a bunch of questions from the customs agent.

Values are the building blocks upon which you build your life. If you don’t have them or only adhere to them when it is convenient then you will struggle to find a sense of peace and contentment in your daily life.

There is a great quote (I can’t remember who said it) that says, “If you stand for nothing you will fall for anything.”

How about you?  What do you stand for?

CJ McClanahan is the Founder of reachmore, which provides leadership coaching for small business and executives.  Email CJ at cjm@goreachmore.com for the latest on reachmore’s revolutionary executive coaching program, Summit.

Click here to learn more about CJ’s new book – Thrive.

10 Ways to Improve Cash Flow

1.     Shorten the invoice process.  Many service organizations wait until the end of the month to tally billable hours and determine customer charges. Send invoices as projects are completed.  This could reduce your day’s receivable by as much as 15 days. Email or fax your invoices to save another day or two.
2.    Follow-up on collecting receivables every week.
3.     Maintain reasonable inventory levels.  Re-evaluate what is ‘reasonable’ on a regular basis.
4.     If your competition is getting deposits or money up front, are you?
5.     Pay payables as due, not as they come in.
6.     Try to finance fixed asset purchases.
7.     Be realistic in amounts you are taking out personally.
8.     Consider increasing your pricing.
9.     Find ways to reduce expenses.
10.   Increase sales.

The Controllership Group
has over 50 years of combined outsource-CFO expertise.  For more resources on business accounting best-practices, please visit http://thecontrollershipgroup.com.

Proactive Action Wins Business

Two weeks ago, I went on an adrenaline charged ride-along with an Indianapolis Metropolitan Police Officer.  I dodged used prophylactics from prostitutes in dirty alley ways, wandered through dark and musty abandoned homes, and watched the best of the worst in Indy get hand-cuffed right in front of me.

That wasn’t the best part.  Most impressive in my experience was watching the police officers hi-five, chest bump, and encourage each other after getting an arrest.  Cracking down on crime for these guys is like closing a big sale in business!

To close their “Sales”, the IMPD officers proactively prowl their beats, looking for suspicious activity that could lead to a legal stop.

My officer spotted a small white car consistently sitting in front of a crack house.  The officer decided to squat around the corner and wait for the car to pass, so he could follow it and make a legal traffic stop to question the car’s driver.  We ended up missing the car, but I sure felt like a detective who was creating a case to solve a crime.

Later in the day my officer mentioned that every car that he has ticketed in the past week for illegal tint had drugs inside of it.  So, we actively looked for a car with illegal tint, and guess what – there were drugs inside.

As business owners, we must proactively go after new business.  If you’re waiting for your phone to ring, a new email to chime in, or for your door to open with a new client ready to buy – you are simply prolonging the death of your business.

Get out into the marketplace and find your next client.  Go to a networking event.  Call your best strategic partners and revitalize your relationship.  Find a way to creatively use the $100 google adwords coupon that you get every month.

Just like proactive police officers crack down on crime and get big arrests, proactive business owners close big sales and hit their business goals.

Jamar Cobb-Dennard
is the Vice-President of Business Development for reachmore, which teaches small business owners how to build a business that runs without them.  For more resources on business leadership, please visit http://blog.goreachmore.com.

Practice, Practice, Practice

A few weeks ago I completed one of the best books I have read this year called “Talent is Overrated” by Geoff Colvin.

Colvin argues (persuasively, I might add) that the difference between the remarkable achievers in the world and everyone else comes down to one thing – practice.

If you want to be the great musician you need to practice several hours a day seven days a week.  You want to be the next Tiger Woods (let’s focus on his record in golf, not with the ladies)? It would be helpful for you to have a dad who is an actual drill sergeant start you playing the game when you are 2 years old.

That got me thinking – how does this apply to my work with executives and business owners?

There are a handful of behaviors that will almost always lead to success in business.  They include – always exceeding expectations, making more prospecting calls, setting clear expectations for your staff, etc.  Unfortunately, most of the clients and prospects I work with always want to focus on something new instead of mastering any of the fundamentals.

For example, I have met tons of salespeople who are in a non-stop quest for a “silver bullet” lead generation strategy that will allow them to eliminate prospecting from their daily schedule. Guess what?  It doesn’t exist. If you want to increase your sales you have to prospect – period.

Steven Covey has a great quote – “To know and not to do is really not to know.” In other words, just because you understand the basics for improving your business it doesn’t mean a thing unless you implement these simple tactics.

Before you make an investment in a new marketing, operations or leadership strategy ask yourself the following question – “How am I doing with the basics?”  Maybe it’s time for you to practice, practice, practice.

CJ McClanahan is the Founder of reachmore, which provides leadership coaching for small business and executives.  Email CJ at cjm@goreachmore.com for the latest on reachmore’s revolutionary executive coaching program, Summit.

Are You Open for Business?

You know what really grinds my gears?  A business that supposedly wants to grow and get new clients, but is never “open for business”!

I have been searching for a downtown loft.  Last Friday, I ended my workday 2 hours early, so I could view apartments while the leasing offices were still open.  To my dismay, 3 out of the 4 places I went to had no one attending their offices! I went back to my first stop, and a leasing agent finally came back to greet me.  I called the numbers on the door of another building, only to get two disconnected numbers, and left a voice message on the third, which has yet to be returned.

Here is a second example.  We sell business coaching to business owners of companies with an average of 1-5 employees.  Most of the time, the business owner of a company that size is the point-person for business development.  It amazes me how many times I have to call a client before they pick up the phone.  They have no clue who I am (I typically don’t leave messages), so one would think, “Hey, if I want more business, I should probably pick up the phone – this could be a prospective client calling!”

How easy do you make it for clients to contact and initiate the sales process with you?

Do they have to figure out, work, and guess at how to buy from you?

Are you available and quickly respond to office phone calls, cell phone calls, email, web inquiries, twitter, facebook, tungle?  If you don’t have the capacity to instantly respond to each of these methods of engaging you as a provider (or at BARE minimum, give them a same day response), then you need to create a new system to do so; immediately.

If you don’t, your business stands no chance of ever running without you.

Jamar Cobb-Dennard is the Vice-President of Business Development for reachmore, which teaches small business owners how to build a business that runs without them.  For more resources on business leadership, please visit http://blog.goreachmore.com.

Does Your Business Run Without You?

I walked into our office last week, and noticed signs that our business is not running without us.

I had been out of the office for the 1st 7 hours of the work day, and the lights were off, the phones weren’t ringing, no one was there, and no sales were coming in.

That’s when I recognized a few tell tale indicators of a business that is running on its own.  Here they are:

-You can walk into your office at anytime during the business day, the lights are on, people are there, and work is getting done.

-You regularly see closed deals come across your desk that you took no part in closing.

-You are creating strategy and spending 80% of your time working “on” the business, versus executing the strategy and working “in” the business.

-You can take a vacation.

-When you take a vacation, your business does not implode, and you come back with it in the same or better condition.

-You can turn your cell phone off without fearing the loss of your business.

If you want to learn how to get your business to the place here you can have the preceding six experiences, email me at jamar@goreachmore.com to learn what we and hundreds of others are doing to build a business that runs on its own.

Jamar Cobb-Dennard is the Vice-President of Business Development for reachmore, which provides leadership coaching for small business and executives.  For more resources on business leadership, please visit http://blog.goreachmore.com

Use the Right Communication Currency

Have you ever called, and called, and called a prospect, never to get a return phone call?  You’re not alone.  I couldn’t even begin to number the amount of prospects that have lost out on a great product because they didn’t pick up their phone.

Wait.  Maybe I lost out, because I didn’t find their communication currency.  What I mean by communication currency is the medium that someone likes to communicate through.

For prospects, this could mean contacting them through phone, email, or snail mail.  This could also mean that you may need to reach them through facebook, text, or twitter.  Some people just don’t respond to phone calls, and others never check their email.  There are still some clients who refuse to text or use social media.  Amazingly enough, there are some people who only respond when I stop by their office!

Everyone has a means that they like to communicate through.  Your job as a business owner is to find your clients communication style as quickly as you can, so you can move your prospect through your sales pipeline.

This may mean blasting a client with messages at every outlet that you have from the get-go.  Even though you may think you are inundating them with the same content, they are actually only receiving it in 2 out of 6 communication vehicles.

Take reachmore’s founder, CJ McClanahan, for example.  You will rarely catch him on social media, and you would almost never get a text response from him.  If you stopped by the office, he’s either teaching or off-site with a client.  No luck with a cold call.  Sending an email will just get you sent to his VP of Business Development or trash folder.  If you called him on the telephone before 8am, you might just catch him.

The same philosophy rings true when you are communicating with your employees.  Don’t know if you’re communicating with a D, I, S, or C?  Ask questions and use key phrases for all 4 styles until you have nailed exactly how someone would like to be communicated with.

The point of this blog is to encourage you to be flexible when communicating with prospects and employees.  If you think that everyone receives information the same way that you do, you are sorely wrong, and will have the mediocre success if you continue to act as if they do.

Be flexible, and remember that people aren’t difficult, they’re just different!

Jamar Cobb-Dennard is the Vice-President of Business Development for reachmore, which provides leadership coaching for small business and executives.  For more resources on business leadership, please visit http://blog.goreachmore.com.

Your Perspective Creates Business Success

When I was 3 years old, I used to jump in the kitchen trash can and play Oscar the Grouch with my Mom.  I had so much fun crawling in that little green trash can and acting grumpy.  One of the best parts for me was the fact that I was just small enough to fit completely inside, my Mom could close the top, and I could peek my head out just like Oscar does.

Oh, to be young again…

That little green trash can now sits inside my garage next to the back door.  My old play place now serves as the spot to dump junk mail before going in the house (and yes, I know that Lynn Jenkins with Indiana Living Green would kill me for not recycling…).  Oh, and by the way, at this point in my life, that trash is barely tall enough to pass the bottom of my knee!

It’s amazing how our perspective and self image change over time.  At one point I could fit my entire body in a 2 ½ foot tall trash can, and now I can barely stick my foot in it without getting stuck.

The strength of your business is a direct reflection of how you view yourself.  If you see yourself as a micro-business owner who could never afford the staff or the overhead to have a $1 million business, you will never have the staff or overhead that will support a $1 million business.  If you see yourself as an entrepreneur who is always failing, you will always fail.  If you always see yourself as a little boy who can fit neatly into a little green trash can, you will never grow up.

Thank goodness I grew up.

From the mouth of Tony Scelzo, the founder of one of the fastest growing business networking associations in the nation, here is how to change your self-image and perspective for the better:
1.    Read – Start reading books that challenge and inspire you to grow.  Find material that shares the experiences of people who are where you want to be in life.  As a start, check out Tony’s reading list here.
2.    Visualize – After you hit the snooze bar at 6am, instead of letting your brain wander, focus and actively visualize the success that you would like your business to have.
3.    Get a mentor – Talking regularly with someone who is ‘head and shoulders’ more successful than you, will cause your self-image to immediately expand.  They also have the ability to give you wise advice from an outside perspective.
4.    Change your environment –Hang out in the places that force you to grow.  Join the best gym, dine in fancy restaurants, and network with the most powerful people in town at private business clubs.
If you follow the steps above, you can grow from a little boy grumbling about life in a trash can, to an inspiring leader who is taking their business to the next level!

Jamar Cobb-Dennard is the Vice-President of Business Development for Reachmore, which provides leadership coaching for small business owners and executives.  Email Jamar at jamar@goreachmore.com for the latest on Reachmore’s newest seminar, Launch.