A Special February Greeting from Stacie Hartmann Bohr

01.31.2012

Welcome to February and our monthly newsletter. To be perfectly honest, I was writing this greeting and all I can hear in my mind is our Director of Social Media, Daniel Nuccio, reminding me that he can tell when I am really “feeling it” when I write something and when I am trying to meet a deadline. Not exactly the feeling you want to have when you actually are trying me meet a deadline!

The more I thought about it, the harder it got to think of a way to tie in something that goes on in sales to either valentines or groundhogs, so I did the next best thing…I asked someone smarter than me.

For those of you who follow me on Facebook, then you may know my friend from back in my high school days, Stacie Hartmann Bohr. Stacie became a big fan of or December Trivia contest—won this year by Shawn Kenney—and encouraged us to continue throughout the year. She supplies some of the questions and many entertaining answers.

I asked Stacie for some inspiration and what she wrote back was so on target for what I wanted to express. Enjoy!

As Groundhog Day is approaching on February 2nd, we wonder whether winter will be six weeks longer or more hopefully to see if the sun and warmth will be coming a bit sooner. That concept tends to be much more inspiring.

It is purely a myth that a mammal in Pennsylvania can predict the weather for an entire country, but also a notion which resonates on different levels in many areas of our lives and careers. It is a goal of sorts (or at the very least, a hope).

What we can control is how we push forward; how we think ahead and what each of us can do to better ourselves with our personal and professional goals rather than sit back and allow them to be determined for us.

What are you doing to push forward and continue to reach for the goals you set last month when you made your New Year’s Resolutions?

Let us all hope that the Groundhog finds the cloudy day so that we will most certainly see the sunny future ahead for all of us this year.

Is Coaching the Right People More Important Than How You Coach Them?

01.30.2012

I recently read an excellent article on sales coaching by organizational psychologist, Richard Ruff of the blog Sales Training Connection. The article was called “Sales coaching – who to and not to coach” In it, Richard Ruff discussed something we at Randolph Sterling have been telling clients for quite some time.

In sum, often sales teams can be divided into three groups: low performers, average performers, and high performers, which Ruff reports make up 16%, 68%, and 16% of the average sales force respectively. Many sales training books, guides, programs, etc. focus on how to “how to coach.” However, these resources get the question wrong. Sales coaching is not about “how to coach,” so much as “who to coach.” Frankly, even the best programs can’t save those that belong somewhere else, nor can they make the best even better, thus leaving that middle 68%.

Yet, as we at Randolph Sterling have often found when called in to provide our Sales Management or Growth Audit and Autopsy Services, it is this middle group that gets the least attention. At many of the companies we have worked with, too much time was spent working with and often times replacing the low performers, in addition to keeping the top performers happy, while that 68% got overlooked. This often led to solid. But average, performers leaving for another opportunity where they felt more appreciated for their efforts and results. Yet, when this group receives the attention they need and deserve, they not only have the potential to move into the “top performer” bracket, but are also shown that the company appreciates them enough to invest in their success, making them less likely to look for greener pastures elsewhere.

That said, as for the top performers, my experience with them has been that many of them would like less coaching and more assistance with some of their daily tasks. I often hear that they have “graduated” from new business development and cold calling as they spend much of their day nurturing the relationships they already have. Instead of coaching them, a better investment in them, in our experience, has been cutting back on some of their coaching and reallocating some of those funds to having someone help them research and begin to develop a relationship with new prospects so they can focus their efforts on meetings. This also becomes a great incentive for the 68%, and makes their coaching sessions even more effective as they realize that implementing some of the ideas they had resisted could lead to them having someone handle the “less fun” parts of their jobs too.

To Outsource or Not To Outsource? That Is the Question…

01.18.2012

What is outsourcing? You hear about it all the time from talking heads on the news, but do you really know what it is? I consider outsourcing to be something that can be part of a key strategic move, if done correctly and with a well defined business objective. More specifically, I define outsourcing as a cost effective way to hire an outside firm to handle support services, manufacturing, sales, engineering, or any number of other tasks. Truth be told, there is no limit of verticles supported by the outsourcing model in 2012 and beyond. More and more companies have turned to “specialists” while maintaining their company’s core competencies.

Does your company outsource? For many people, the quick answer is no, but upon further review, the guy who just came to fix your computer, some of the staff working with your CFO to prepare yearend tax documentation, and/or the team working with your sales team to develop and cultivate new leads could very well not be an employee of your company but a member of the outsourced team.

So why do teams decide to outsource vs just hiring their own people?

I was reading a book about Steve Jobs that stated that his goal was to never have more than 100 people working on the Macintosh team. He joked that it was because he couldn’t remember the names of more than 100 people at a time, but the reality was that he wanted the right people on the job doing the right things. By working with an outsourcing firm, you gain the benefit of working with someone who can fill a specific need, all of whom have been pre-qualified, trained, tested, and are available.  Many of these people work assignments long term while others may be brought in for special projects. It can be especially valuable if a company goes through peaks and valleys or seasonal variations during their sales cycle. Outsourcing, by definition, makes a great impact through its scalability alone.

In addition to hiring the right person for the right job, companies who outsource avoid expensive premiums and other costs of doing business such as employee benefits, skyrocketing health and dental insurance, holiday pay, and payroll taxes. Drawbacks to outsourcing can be minimized very easily with shared goals and objectives, communication channels and the secret to all business relationships : ACCOUNTABILITY!

So, choose your partner wisely. It very well could be the best decision you and your business has ever made.