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The Center for Sales Strategy Blog

The Compound Effect - Start With the End in Mind

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In a former life, I was a professional triathlete and triathlon coach. I helped athletes with a wide range of athletic backgrounds accomplish one of the greatest physical tests of endurance known to man: completing the Ironman, a combined 2.4-mile swim, 112-mile bike ride, and a 26.2-mile run. When clients would first come to me and ask for advice about their training plan, they would inevitably ask, “What do I need to do to be able to finish the Ironman?” The answer was the same for each client: “You need to be able to swim 2.4 miles, ride 112 miles and run 26.2 miles in one day." That was a very definitive end goal, and the goal had a definitive date. The challenge then became how to take them from where they were physically on that first day, to that end point several months (or for some, years) away, ending at the Ironman finish line.  

Maybe I’m a little late to the party, but I have just been turned on to the book “The Compound Effect” by Darren Hardy. I wanted to share a few thoughts on its relevance to sales managers and leaders—and how it relates to my story of someone training to complete an Ironman. You might not realize it, but some of the challenges that sales managers face when building a sales organization are similar to what triathlon coaches are up against when training an athlete for the challenge of the Ironman. These challenges are: defining the goal, creating the strategy to accomplish the goal, and taking the required steps needed to accomplish the goal.

Topics: Sales sales training

How to Retain Your Millennials and Increase Their Performance

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For years we heard that the Millennials joining the workforce were chasing adventure. They wanted to work for cool start-ups, collaborate with other Millennials, and change the world!

Surprisingly, a new Inforsys and Future Foundation study of 16-25 year olds shows that this may not be the whole story. It appears that a large portion of this group of fresh faces is craving security and stability rather than spontaneous adventure in their jobs.

Knowing this, you might wonder, "If they want stability in their work, why do we have a retention problem with Millennials in our workforce? Why aren’t these younger workers settling in for the long-haul?" Good questions! A 2015 Gallup Poll found that Millennials are the least-engaged cohort in the workplace, with only 28.9% saying that they are engaged at work.

Topics: sales training

Does it Pay to Invest Resources in Bottom Performing or Top Performing Salespeople?

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For most sales organizations, your sales team most likely represents a wide range of personalities, experience levels as well as performance levels. Organizations typically have top performers or “all stars” as well as those that struggle each month to meet their sales quota or budget for the month. If your organization has determined there are some areas where your sales team can perform better and resources of time and money are available, where do you invest these limited resources? Do you focus on coaching up your bottom performers, do you bring in new talent, or do you focus on maximizing the performance of your top performers?

Topics: hiring salespeople sales training

Sales Performance Metrics: Teams That Keep Track of the Score Are More Successful

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As a parent of two small children, I've coached my share of soccer teams over the years. I like to think that my teams learned something from my coaching and leadership, but I am starting to think that I learned more from them.

Many of the lessons I have learned can be applied to sales and specifically sales management: the team that keeps score does best, practice like you intend to play, and you are only as strong as your weakest player.

Topics: Sales sales training