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Added for You - Sales Leadership In A Down Market
ERP Optimisation - Improve the return on your investment ould provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue.The Need To Maximise ROI. Over the last few years, a large number of companies, which have implemented Enterprise Resource Planning (ERP) systems, have realised that quantifying their Return on Investment (ROI) has been difficult. As a consequence, many firms have become disillusioned with and even questioned the value of implementing ERP in the first place.We believe that too few enterprises have, from the inception of the ERP programme, recognised that the benefits of an initial ERP implementation can increase beyond the initial implementation and plan for the applications life cycle. As a result, operational costs are not optimised and further exploitation of the ERP application is not realised. This missed opportunity is only magnified when ERP is viewed as part of the larger e-commerce paradigm.This has not been helped by press reports that ERP has not This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected t Create A Killer Brochure: 9 Steps to the Perfect Piece Every business has its up and its downs. The business ebbs and flows from time to time sometimes because of things that are out of the sales leader’s and even his/her company’s hands.If you are creating a brochure, make sure you follow these 9 steps to get best return on your investment:1 Grab Attention You need a hook that gets your audience interested. The headline or main text is your first chance to grab attention. Get the adrenaline pumping, tears flowing, or sides splitting. Spark their curiosity and they will keep reading.2 Time and Convenience Provide value by meeting time and convenience needs. Offer useful information that will be of immediate benefit to the reader, whether they buy or not. Provide welcome advice rather than untimely interruptions. Position yourself as the expert and build relationships before the sale.3 Know Your Audience It’s not about you. Your audience wants to know how they can increase their sales/efficiency. Find out what your audience needs, then offer For example, in the residential construction market a business slowdown maybe driven by unexpected jumps in interest rates and/or an industry wide new housing inventory adjustment downward driven by home purchase cancellations and reduced speculative building by large national and regional builders. Somewhat sudden and unexpected soft markets can and almost always translate to sales problems in any or all of the following areas; increased competition (for less volume), price erosion and share loss. Those three things equate to lower revenue and lower gross margin results…revenue and gross margin the leaders of your company are counting on you and your team to deliver. When the market suddenly or unexpectedly goes south, sales leaders need to adjust their focus, how they spend their time plus their thinking and their behavior. Here are ten tips for sales leaders who find themselves in a down market; 1. Reality is this, senior leaders don’t adjust the goals or their expectations of sales teams due to shifts in the market environment. Senior leaders expect sales leaders and their teams to figure out how to deliver their sales goals such as revenue, gross margin, share gain, etc. despite the unexpected changes and more difficult business situation. Kick up communications to your team. Make sure your team understands what they are responsible to deliver including revenue, gross margin, share gain, etc. goals/quotos. 2. Drive the importance of “urgency” into the team. Explain that their “personal time management” is paramount in a down market. Explain there are no “do over’s” when it comes to the calendar…if a day is wasted…it is gone. Make sure the team understands they are working against the clock…if the team falls behind, there is more pressure to deliver downstream when there is less time remaining in the year. Every team member must be totally focused, accept accountability and be both passionate and committed to deliver extraordinary results every single day. 3. Another reality, it is easier to pick up share at existing accounts vs. starting from scratch to convert target accounts where you have no share. If you have 50% share at an account…put a sales proposition in place that will persuade your customer you deserve a higher share based on the value, resources and solutions your company provides. 4. Evaluate your distribution network…perhaps there are companies who have been interested in your line and wish to become a distributor for your company. Now is the time to determine if there are opportunities to add distribution in your territory. If so, move quickly…you don’t want them to pick up your competitor’s line. 5. Lean on your “relationships” with the principals of your key accounts for additional business. If the relationships are strong, you really should be able to go to the owner or the leader of your account(s) and explain; a) you would like to discuss what amount of “discretionary” business may be available in his operations, b) that based on your partnership over the years you really need his/her personal support and cooperation. Specifically, you need to understand specfic short and long term needs your company could provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue. This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected tu Are You Outsourcing Software Development for Cost Savings? Watch Out! to deliver.Many companies choose outsourcing and offshoring of their software development to cut their costs. Although there is nothing wrong with the idea, it is rarely executed correctly to realize the expected results.After listening to well-delivered sales spiels, some managers tend to look at the offshore costs and come to some interesting conclusions. “Hmmm! I could have four software developers for the cost of one”“ or even ““Cheaper, better and faster!”“All true, however, this gain is not fully realizable as there are several costly and time-consuming obstacles that need to be overcome. For a small flavor, here are a few examples -1. Ramp-up time or knowledge transfer time – it often takes projects weeks or even months to be able to teach a newcomer the details of a system.2. Management and the offshoring overhead – out When the market suddenly or unexpectedly goes south, sales leaders need to adjust their focus, how they spend their time plus their thinking and their behavior. Here are ten tips for sales leaders who find themselves in a down market; 1. Reality is this, senior leaders don’t adjust the goals or their expectations of sales teams due to shifts in the market environment. Senior leaders expect sales leaders and their teams to figure out how to deliver their sales goals such as revenue, gross margin, share gain, etc. despite the unexpected changes and more difficult business situation. Kick up communications to your team. Make sure your team understands what they are responsible to deliver including revenue, gross margin, share gain, etc. goals/quotos. 2. Drive the importance of “urgency” into the team. Explain that their “personal time management” is paramount in a down market. Explain there are no “do over’s” when it comes to the calendar…if a day is wasted…it is gone. Make sure the team understands they are working against the clock…if the team falls behind, there is more pressure to deliver downstream when there is less time remaining in the year. Every team member must be totally focused, accept accountability and be both passionate and committed to deliver extraordinary results every single day. 3. Another reality, it is easier to pick up share at existing accounts vs. starting from scratch to convert target accounts where you have no share. If you have 50% share at an account…put a sales proposition in place that will persuade your customer you deserve a higher share based on the value, resources and solutions your company provides. 4. Evaluate your distribution network…perhaps there are companies who have been interested in your line and wish to become a distributor for your company. Now is the time to determine if there are opportunities to add distribution in your territory. If so, move quickly…you don’t want them to pick up your competitor’s line. 5. Lean on your “relationships” with the principals of your key accounts for additional business. If the relationships are strong, you really should be able to go to the owner or the leader of your account(s) and explain; a) you would like to discuss what amount of “discretionary” business may be available in his operations, b) that based on your partnership over the years you really need his/her personal support and cooperation. Specifically, you need to understand specfic short and long term needs your company could provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue. This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected t The Office 2.0 - Trading Cubicles For Smarter Collaboration ain that their “personal time management” is paramount in a down market. Explain there are no “do over’s” when it comes to the calendar…if a day is wasted…it is gone. Make sure the team understands they are working against the clock…if the team falls behind, there is more pressure to deliver downstream when there is less time remaining in the year. Every team member must be totally focused, accept accountability and be both passionate and committed to deliver extraordinary results every single day.The first time I learned of the word c-o-l-l-a-b-o-r-a-t-i-o-n, was probably around…uh…I don’t know, maybe around the age of eight. My teacher had a tough time explaining its concept to me during a science project, “Kevin, collaboration is not making your partner do all the work while you tie his shoelaces to the chair! To the back of the lab!” How was I to know what collaboration meant then? But true to form, I got the hang of its meaning and put the musician’s mantra of “Practise, Practise, Practise” to its limit but getting the smartest kid in the class to ‘collaborate’ with me during all my math tests.Today, collaboration seems to be the hottest act since Baywatch hit our television screens, for what seems like eons ago. But unlike Baywatch, collaboration produces results. It has become the epitome for almost all things Web 2.0.But it sh 3. Another reality, it is easier to pick up share at existing accounts vs. starting from scratch to convert target accounts where you have no share. If you have 50% share at an account…put a sales proposition in place that will persuade your customer you deserve a higher share based on the value, resources and solutions your company provides. 4. Evaluate your distribution network…perhaps there are companies who have been interested in your line and wish to become a distributor for your company. Now is the time to determine if there are opportunities to add distribution in your territory. If so, move quickly…you don’t want them to pick up your competitor’s line. 5. Lean on your “relationships” with the principals of your key accounts for additional business. If the relationships are strong, you really should be able to go to the owner or the leader of your account(s) and explain; a) you would like to discuss what amount of “discretionary” business may be available in his operations, b) that based on your partnership over the years you really need his/her personal support and cooperation. Specifically, you need to understand specfic short and long term needs your company could provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue. This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected t The Sometimes Life Of The Early-Stage, Mid-Stage And Even Late-Stage Entrepreneur Can Be Scattered p>The word entrepreneur has become a catch all title for just about everyone and anyone who starts and or builds a business. I’ve always had a bit of trouble throwing that overused, imported moniker around because I believe it’s not always applied in the correct manner.Is an entrepreneur someone who takes the family business and keeps it going? Is it the person who builds a new division of the company where they’re employed? Or should it be reserved for only those who have put everything on the line in order to build their business? I’ll opt for the latter.I’ll never forget being at an area Chamber of Commerce awards dinner some years back when I was surprised to find that the recipient of the Entrepreneur of The Year award went to a gentleman whose father had started the business many years before and built it into quite a successful venture. By the time the 4. Evaluate your distribution network…perhaps there are companies who have been interested in your line and wish to become a distributor for your company. Now is the time to determine if there are opportunities to add distribution in your territory. If so, move quickly…you don’t want them to pick up your competitor’s line. 5. Lean on your “relationships” with the principals of your key accounts for additional business. If the relationships are strong, you really should be able to go to the owner or the leader of your account(s) and explain; a) you would like to discuss what amount of “discretionary” business may be available in his operations, b) that based on your partnership over the years you really need his/her personal support and cooperation. Specifically, you need to understand specfic short and long term needs your company could provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue. This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected t Navigating the Radio Advertising Landscape for Maximum Performance ould provide. And c) gain agreement that when you deliver those needs you will be rewarded with additional revenue.Understand Fourth Quarter Hazards to Maximize Profit and Strategic AdvantageLike all mediums, radio has various structural characteristics that make certain times of the year more or less favorable for advertising performance. Knowledge about these aspects of radio advertising is of tremendous value in maximizing campaign profitability and achieving long term success.Don't Miss Q1 The first quarter is nearly always the best quarter of the year for radio advertising performance, mostly because of factors that lead to an abundance of inventory supply. That oversupply forces radio outlets to be aggressive in pricing their inventory. As a result of this dynamic, Q1 is always an important time of the year. You want to "get while the getting is good", so to speak, and Q1 is certainly that time. Strate This is a terrific opportunity for you to trade; more and improved product and application training for his/her team, co-op advertising and/or assistance that will improve his/her customer's inventory turns and cash flow for additional revenue. 6. Communicate your team’s results against their goals frequently. Establish a consistent “scorecard format” for communicating the status of your business and use it every month. Also communicate successes, best practices, results throughout the organization. Establish and maintain high visibility…sell your team’s commitment to deliver the plan up the organization 7. Expect the unexpected. For example, clearly, one thing that would be extremely disruptive is unexpected turnover within your sales team especially in a down market. Replacing someone in the field takes time…you have to find a person, then the new person has to start from ground zero to build relationships, gain the trust and confidence of his customer base, learn the product line, understand competitors and their tactics and strategies. It could take up to six months before a replacement starts contributing…a lot can happen in that six month period if you are not prepared for it including share erosion, loss of relationships, loss of momentum in important programs, etc. Do you have a personnel backup plan in place in case that should happen? 8. The definition of “insanity"…doing the same thing over and over the same way and expecting different results! Think about options/alternatives regarding how your team is deployed and what the benefits of redeployment may be to your revenue and GM results plus the personnel growth and development of your team. Once you have a plan in place, implement quickly to gain the benefits as soon as possible. 9. In the area of coaching, ask this question... “am I spending enough time providing feedback to my sales team? Are my coaching/teaching efforts focused on the things that will help my team deliver their critical outcomes?” “If not…what do I need to do differently?” “What resources do I need to provide my team to make them as successful as possible as quickly as possible?” 10. NEVER EVER USE FEAR TO TRY AND MOTIVATE THE TEAM. Fear simply does not work. Employees resent an environment where leadership injects an atmosphere of fear into the mix to try and motivate the organization. People simply will not respond positively to fear. They will not work any harder on the issues they face or the goals that have been established. They will more likely work harder trying to find another job in another division of the company, outside the company or simply quit. Selling in a down market requires even higher levels of employee sensitivity, it requires more communications, it requires more sharing of best practices and it requires more celebrating of successes. Selling in a down market requires that you consider reshaping how you spend your time and that you focus on the most significant issues and opportunities that will at a minimum result in; a) required revenue and GM results, b) better, faster development of your organization and c) that will ensure you and your team deliver all of your critical outcomes. Selling in a down market really is all about leadership! Take time to identify important leadership opportunities that are in front of you and that will make a difference in your team’s results and your company’s success.
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