Author: CtheSpan

  • A Great Renewal Strategy Can Be the Key to New Sales

    A Great Renewal Strategy Can Be the Key to New Sales

    Renewals are getting tougher these days.  Everything is suspect when businesses cut costs to survive a recession.  Sales managers I talk to bemoan the changes to the renewal process this recession has caused: longer negotiations, shorter renewal agreements, reduced ancillary products. 

    Your current business is at greater risk every day. 

    Imagine if you could adopt a renewal strategy that can lay the groundwork for explosive growth down the road.  Focusing today on a great renewal strategy can have unexpected benefits in creating more future business.  

    How so? Well, let’s walk through it.  

    A Great Renewal Strategy Factors These In…

    First of all, a solid trust bank will be expended when a renewal negotiation begins.  The larger the balance going in, the more likely you will get through a renewal discussion on the positive side.  That’s accomplished with a solid cadence of connection to your client. There’s a real need to be focused on the champion and economic buyer within this cadence to build trust with those that are most likely to help you get a strong renewal. And focus on multiple ways of connecting; email ONLY is insufficient.  

    As sales leaders, establishing a multi-pronged client cadence is immediately transferable to your prospecting. This teaches your team to both hunt and gather creatively. 

    Secondly, do the math on your ROI for each client.  How much are you saving your clients in time, money, and headaches?  How much revenue are you assisting them in generating?  What other sources of value are you creating?  One example would be to connect two clients to work on a joint venture to solve a problem together.  If you’re the source, you’re the reason for the increase in value you bring.  Solve client problems with other clients.  

    Both of these behaviors, a trust-building cadence and ROI calculation, create an environment for consistent and fruitful renewals.  The real genius of making this part of your sales model is this:  Referrals.  

    80% of people will refer you if you ask them.  Having a strong trust bank and clear message of value creation; gives those you ask all the ammunition you need to have a remarkable closing rate on your referrals.   

    As always, we at Span the Chasm can help you develop a program for this from your current sales process.  Reach out to us and preserve your current revenue while laying the groundwork for your future business.  

  • Does Your Sales Team Reinforce Your Culture or Drive It?

    Does Your Sales Team Reinforce Your Culture or Drive It?

    “But Mike in sales told me to expect it!”

    “I’m sorry, ma’am, it doesn’t work that way. It works like this.” 

    “Well, that doesn’t solve my problem.” 

    “Um, OK.  I’ll tell Mike you don’t want it.”

    Ever heard that conversation before? Happens all the time…What is happening?!?! Where is the disconnect?

    What’s happening is YOUR sales team is driving the culture that their prospects experience.  And Mike did it by selling something that didn’t exist

    The prospect is dissatisfied, frustrated, and ready to share their experience with other potential prospects. And that can be a huge problem. 

    Why is it so critical that your sales team reinforce your culture and not drive it?

    First, they communicate the initial relational message to the outside world.  Few people set the expectations of what you value more than the sales team.  It’s the beginning of the deposits your operations teams will bank on post-closing.  If the message is different, the bank balance goes negative.  The SaaS bowtie of integrations shows this well.

    Cited from: https://winningbydesign.com/saas-role-definitions/
    Cited from: https://winningbydesign.com/saas-role-definitions/

    Secondly, the sales team corrects what is true or false about your marketing message.  If marketing is saying that you excel in one feature, but the sales team doesn’t believe it, they are going to steer clients away from the message of their marketing.

    Finally, the sales team, like Mike in the conversation above, can require the operations team to solve problems they create.  I’m sure you’ve seen the scenario Mike put his operations through, but we all know that if Mike makes enough noise, the operations team will have to solve the problem Mike created.  Sales driving product.  Happens all the time.

    Fewer individuals in your organization can impact the true culture of your business than your sales team. The best way to help the sales team is to know what that true culture is, and speak that into the world.

    Imagine if you could start with a true benchmark that isn’t dictated, but actually derived from the values of your team members.  It’s easier to create cohesion, communication, and harmony between teams.  Span the Chasm can help you do just that, and we’d love to help you clarify your culture for success. 

  • A Better Way to Handle Due Diligence in a Merger

    A Better Way to Handle Due Diligence in a Merger

    Mergers, mergers, mergers. Every recession sets off a wave of them… 

    Companies will be on the ropes and looking to sell, businesses that are in a solid position are gearing up for a buying spree.  

    Mergers can be interesting animals.  Some work well together, some sort of struggle along, and some, my friend, can wreak havoc for years.  I’ve been through several and always found that the canary in the coal mine of a merger is the Sales team.  They are the first impacted. They are the first to see the truth. Their success or failure always boils down to one thing… Culture. 

    A Better Way to Handle Due Diligence in a Merger

    It’s in everyone’s best interest to do some due diligence before deciding on a corporate marriage.  They check the finances, technology systems, and operations, all with a fine-tooth comb, but there is rarely a comprehensive comparison of company cultures.  Everyone puts their best foot forward to show that things will go well after the merger. More often than not, the culture has more subjective than objective data.  Decisions on this take a sort of a “they seem like a good fit,” or “their values printed on the wall of their office look a lot like ours.”  

    Cue the wedding bells… 

    It’s better to plan for the marriage more than you plan for the wedding.  The due diligence around culture will bear fruit, either good or bad.  Several months into the merger, the canaries (your new sales team) start reacting.  Turnover, pipeline issues, disconnects around your ideal client profile, adoption of CRM systems. 

    Imagine if you could see the impacts of a “culture merger” before the wedding?  How many months of headache, lost opportunity, restructuring, and executive infighting could be avoided if you just had some objective data on a historically subjective culture decision? 

    Creating a Culture Map

    Span the Chasm has built a unique process of creating a “Culture Map” for mergers and acquisitions that can solve these problems.  We map the values of each side of the merger, giving you the following insights: 

    1. Inform the risks for a go/no go decision (is this the right merger at all)
    2. How to structure the deal to respond to likely behaviors of the executive team
    3. Who is going to champion the newly formed company
    4. Who might create roadblocks to the progress post-merger
    5. Does the new sales team sell in similar ways and how to bring cohesion quickly

    Culture is the undercurrent moving your business, so it’s better to know where it’s heading before you decide on a destination. Connect with us at Span the Chasm before your purchase to find out where your culture is flowing, and how to ride that current to success. 

  • Culture Mapping Your Macrobrand

    Culture Mapping Your Macrobrand

    “You can’t use that sales demo…” He said. 

    “Why?” I asked. 

    “Because it doesn’t work like that.”  

    “Really?!? Why not?”

    “None of the products work like that on the back end. It’s all a mess.” 

    “So you’re saying when a client does X, they don’t get the Y solution from us?” 

    “They do, but…” 

    “So, what you’re saying is that you either don’t have confidence in what we sell or you have a different expectation of how smoothly the process should run on the back end?”

    “Yes, both.” 

    “Ah. So what do you say to others about the work you do here?”

    “Uh…..” 

    When your culture speaks, it always speaks the truth. The more it speaks, the more it creates your Macrobrand – The experience your clients, prospects, and community receive through the collective voices of your departments and employees. 

    It’s a megaphone of your corporate culture, and it’s always turned on. 

    The question is, do you know what truth it’s speaking, especially when change is being forced upon your teams?  How do you get a handle on it?  

    We have some ideas…

    Culture Mapping Your Macrobrand

    1. Clarity – Imagine what it would feel like in your business if you could have all of your team speaking clearly as to what your culture brings to the table. The reduced confusion, conflict, and miscommunications alone are worth the effort. Think of your team this way:Blog for Sales Leaders - Culture Mapping your Macrobrand
      Finding clarity in what is happening tends to work best when you start with the Collective Values, as it has the biggest impact on the others.  Mapping the values of your organization is a specialty of the Span the Chasm Talent Management Team. https://spanthechasm.com/talent-management/
       
    2. Authenticity – Be honest with what the data tells you.  Naming the employee’s values is the start of creating the language of your culture, but you have to be honest with the results.  Don’t insist you’re a cooperative organization when you are full of self-sufficient people.  Your company got to this place through being self-sufficient, your clients have grown to expect the experience, just own it. Lean into your adaptability by keeping implementation processes simple and flexible.  Rigid processes speak counter-culturally to innovative ones. With that said, the last process is to build cohesion between departments.
       
    3. Cohesion – bringing the language of your culture into every aspect of your business.  I mean all of it. Marketing, Branding, Sales, Implementation, Corporate Communications, Investor Relations.  All of it. Span the Chasm can help you cross the departmental silos that can clog the gears of effective change. By infusing the true cultural language from the top, it will create clarity of a Macrobrand that your clients, prospects, and employees will respond to and believe in.
       


    We would love to have a conversation about ways you can understand and impact your culture.  Reach out to us on our website or any of our social channels.  Let’s help you create clarity for lasting positive change.

  • True Culture Versus Stated Culture

    True Culture Versus Stated Culture

    Every executive team develops a definition of their culture, or stated culture, often found in the “About Us” page on their website. Often they are on the wall of the office you used to go to daily (remember those days?).

    It’s a definitive statement of what the organization stands for.  It seems helpful, but does it mean anything?

    I can’t tell you how many times I get laughed at when working with a sales team, and I bring up what the company stands for.  Then they deliver all the reasons the company has failed to live up to those standards regularly.  Does it mean that the company doesn’t care about anything? Not at all.  It just means that their stated culture (what they put on the wall) doesn’t line up with their true culture (what they take action around). 

    Enduring Values

    I’ll give you an example; here’s a company’s top three stated “Enduring Values”:

    1. Integrity – We take the high road by practicing the highest ethical standards and honoring our commitments. We take personal responsibility for our actions.
    2. Quality – We strive for first-time quality and continuous improvement in all that we do to meet or exceed the standards of excellence stakeholders expect of us.
    3. Safety – We value human life and well-being above all else and take action accordingly. When it comes to safety, there are no competing priorities.

    Now, when I tell you it’s Boeing, check your first gut reaction. It seems a bit hollow.  Truth is, they have been upholding those values with every plane until the 737Max. It was true, but somehow the culture drifted towards a new true culture.  No one noticed. Until everyone did.   

    Now their CEO is doing damage control and reinforcing these values down the chain of command, the impact of allowing their culture to drift off course (mainly by compensating and rewarding authority to those who placed cost-cutting at the expense of these values) has had a devastating impact on the public opinion of their brand.  This creates headwinds for sales for years to come. 

    The fact is, your culture is under stress, so it’s vital to understand where/when your team might be drifting off course. You have the opportunity to get a hold of how close your stated culture is from your true culture right now.  Gain insight into how to correct course and find the true north of your culture.  How do you do it?  

    How to Tackle Realignment

    First, recognize your culture is simply the collection of beliefs your people bring to the organization and established behaviors they implement to reflect it. So, your culture is designed through hiring and promotion. The higher someone goes in an organization, the stronger their values influence the culture (by the way, our talent management team can map that for you). 

    Secondly, ask… A simple, honest conversation with your team can give you a great barometer for how close your stated culture applies to reality.  And relax, if you find they are way off, it doesn’t mean you have something wrong with your culture, you may just have a messaging problem.  Try this, “Hey, do you think these values reflect what we stand for?  Why or why not?” and then, “What do you feel that we do stand for?” If you would like some real data on what your team values, we can help – visit our Talent Management page here!

    Lastly, reach out to your clients.  What do they value about you?  Why did they buy?  Allow them to help you find your true culture.  After all, you exist to serve them.  

    At Span the Chasm, knowing your true culture is critical to building successful sales execution strategies.  We want to help you know which way to direct your future.  

    While your audio may not come through in this new world of Zoom, your true culture always will. It’s best to know it, own it, and let it lead you ahead. 

  • The Cultural Impacts of a Work From Home Sales Strategy

    The Cultural Impacts of a Work From Home Sales Strategy

    What are the Cultural Impacts of a “Work from Home Sales Strategy” on Your Sales Team?

    Working from home to an extreme extrovert can be truly challenging. Video calls are nice, but the lack of face to face interaction can be a hard thing to give up.  The struggle is real.

    Sales teams are full of extroversion. And sales teams under stress start to act a little differently than one at equilibrium. More importantly, what a sales team tells the world about you, is really the stated culture. Your prospects believe the stated culture they will experience when they decide to buy. So, under this type of stress, is there a culture change happening in your sales team?

    We’ve all seen it, the salesperson who starts to buckle under the stress of underperformance. What happens?  Prices decrease, the standard offering expands to sweeten deals, prospect pipeline tends to fray the edges of your ICP (Ideal Customer Profile). 

    The Psychology of Your Sales Team

    As specialists in psychometric assessments for sales teams, Span the Chasm has mapped sales teams’ core personalities and capabilities in ways that inform how they will tend to react under stress.  And there is no time like the present to see this occurring.  

    Extroverts under stress will return to a core state of behavior, unshackling the “behavioral adaptations” they constructed to minimize or maximize a core state.  For example, a salesperson who tends to respond dramatically to good and bad things can put a damper on it to avoid workplace or sales situations.  But under stress, that same person loses some of their ability to keep the lid on things, making them more likely to need more management, reinforcement, and support through a sales or work relationship.  Conflicts flare, patience with clients diminish, sales suffer.   

    Your culture just changed… Clients are no longer getting the same experience as when you were at equilibrium. 

    How do you recognize if this is happening with your stay-at-home sales force?   

    1. Increased requests for exceptions to be made to standard sales.
    2. More often you have to step in to settle issues between the sales and the rest of the organization.
    3. The pipeline begins to fill with non-optimal clients. 
    4. Salespeople become either more or less demanding on your time (where it’s no longer normal for each one). 

    Sales Leaders, What Can You Do?

    Your solution is simple – effectively engage with each member of the sales team. Connect with them one on one.  Give them an environment to unwind their thoughts. Encourage them to stick with the basics and focus on fewer things, smaller, more manageable goals to build momentum.  (Span the Chasm can help you with our program of FOWM – Focus on What Matters). 

    Last thing, there is a plus side to the extroversion. According to Psychology Today, extroverts fair better in periods of rapid change.  So the likelihood of the impacts on your cultural expression to the marketplace might settle back faster than you may expect.  Doing nothing and assuming you will get back to normal is actually more dangerous.  So take action, hold the ground with your team, and you will forge a great sales team while they are all at home.   

    Span the Chasm is here to help you or your sales managers manage talent through change.  Feel free to connect with us and we’ll show you how we get through trying times with the attitude of a champion! 

  • Uncommon Sales Success with David James

    Ep 37: In his podcast debut, StC President Steve Keck welcomes David James. David has been a sales operations leader for over fifteen years, specializing in building and developing operation capabilities in technology companies. David explains how he uses his “superpowers” of process and analytics approach to build successful sales operations that drive top-line productivity and bottom-line efficiencies. Listen in to understand the role sales operations play as the secret ingredient to Uncommon Sales Success.

  • Seeing Transformation in Job Transition

    Seeing Transformation in Job Transition

    We have enough stress these days.  It doesn’t have to overwhelm us if we use this time as an opportunity for personal transformation. We can thrive while laying the groundwork for a future where you’re happier, more generous, and less affected by life’s pressures. 

    Prior to COVID-19, the world was trending toward a “gig economy.” While there are certain freedoms to not being tied down to a single employer, job transition becomes an ever-present reality to those that chose a “gig” career path, always finding the next “gig.” 

    It looks like job transition is becoming more likely, so how can you be prepared now?  At Span the Chasm, we focus on the prescriptions for sales success for teams and leaders, but we recognize that regardless of your job title, finding a job is a sales process.  Our talent management team can work with anyone to develop their own “sales pitch” to the right employer.

    We are talking to all of you today…

    Imagine what it would feel like if you could see your job transition as a time of great transformation?  While I would have preferred to avoid it, I found my last season of job transition to be one of the richest and most joyfully transformational times of my life.  So, I wanted to give you some ideas on how to make the most of this “gift of time” before your next gig.  

    1. Grieve the loss of your last job
      It’s entirely appropriate to accept the loss of your job, even in the midst of other crises.  Record numbers of people filed for unemployment in this last month, but that doesn’t make your loss any less real or less significant.  It hurts. It matters. It’s a loss that has true impact. The Kubler-Ross grief cycle talks about the five stages of grieving. It’s important to allow yourself the space to walk through them. Through a job transition assessment, we can help you recognize what was right and wrong about your relationship with your last employer.
       
    2. Develop disciplines & skills
      Just like at your last position, where you developed daily disciplines and skills, the same is true for finding the next one.  Treat your job search like a job, with schedules, due dates, meetings, etc. For example, “I will have five video calls with people in my business/personal network a week,” is a SMART (Specific, Measurable, Achievable, Realistic, Timely) goal that will create momentum for you to act. Begin to imagine ways that your current skills can be retooled to give you a wider net of work opportunity.

    3. Use this time to “Gain Perspective”
      “I lost a million dollars, and I would have written that check day 1 if I knew what I would have gained from this experience.”  A friend told me that after his 18 months in job transition. It blew me away, but his perspective was completely changed with the “gift of time” he got to unpack the baggage of twenty-five years of direct deposit. Use this time to find out what is truly important to you and those you care about.  We can give you insights into what you value in an employer and how to recognize it quickly.

    4. Grow the Right Relationships
      Sometimes it’s only after a relationship ends that we discover how good it truly was. Some work relationships will fade quickly, others will surprise you.  Times of trial will weed out a lot of the wrong relationships and will invite the better relationships. Spend this time fostering those relationships by serving.  It’s easy to be generous when things are good, but learning to be generous with your time and energy when you feel you don’t have much to offer will transform you. We will give you a strong understanding of the impact you have on your interpersonal relationships. Awareness of self can translate into authentic responses toward others.

    Job transition will not be without its stress.  Just as working out puts stress on your body, both will develop endurance and perseverance. We’re here to help.  Feel free to reach out to us. Check out our job transition coaching options to help you build the “selling skills” needed to both find the right job and land it.

    You’re not alone.
    Steve Keck

  • Job Transition: It Just Got Real

    Job Transition: It Just Got Real

    Job Transition – It’s no joke. Now, more than ever it’s important to recognize that in this world today, job transition is an inevitability. We no longer work at one place for our careers and, as the gig economy grows, many of us will be in periods of job transition sometimes more than once a year.

    So how do we keep our sanity? Here are a few tips:

    1. Accept that you are/will be in a state of permanent job transition.
      I’ve worked with hundreds of people in job transition and have given them the same advice around this: “You are always in job transition. The same things you do to be successful in sales, to position yourself for promotion, and to develop a market, are the same things you should do when job hunting. Understand that success in your current role is contributing to you finding the next one.” Building trust, fostering relationships, and educating others on how you execute your role, all create the “deposits” you can bank on when lightning strikes.

    2. Become more self aware.
      Knowing who you are and who you are not will clarify your message to a potential future employer. It also helps friends and family communicate more effectively to get you on someone’s radar. A good indicator you could grow in this area is if you’ve heard yourself tell someone anything like, “I just want to find a good place, where I can thrive and be happy.” That’s great, but not really helpful for someone to sell your skills to a new boss. We can help with this: https://spanthechasm.com/job-transition/

    3. Be fiercely humble.
      Humility can be hard in job transition, but people love to help. Everyone knows at least 250 people. Having the humility to let them know you need help, opens your network to a huge swathe of people. Being self-aware assists each person, in their 250, with whom you should talk. My friend, @peterbourke, calls it the “3 foot rule.” If you are within 3 feet of someone (which you should not be for the time being), you should tell them you are looking for work. Leverage all social media to market yourself. There’s no shame in being in job transition. Everyone will go through it; be brave.

    4. Be your own cheerleader.
      I made it a point early on in my career to always cheerlead for my team, even if it meant helping them find a new job somewhere better. But in 25 years, I only had one boss execute the same for me. Great work will make your boss look better, but it may not tell others that you were the creativity behind it. So don’t expect your work to cheer for you. It’s not arrogance to let others in your company know what you do; it’s honest confidence. (Just don’t throw your boss under the bus for not cheerleading you. They, like everyone else, are task-saturated and don’t really have the time to do your cheerleading.) Be artful, creative and honest, pulling as many people along with you (including your boss) when you cheerlead. Everyone will remember you had their back and they will often respond by taking time to help you in return.

    5. Don’t ask “Why.” Ask “What can I learn and what should I do?”
      The “why” question rarely gets answered or helps you. Job transition can be a time of great transformation for you personally as well as professionally. Treat it like a full-time job; give it 40 hours. Get dressed, as you never know when that phone call becomes a video call. If you take action, are gracious to give and receive help, and develop the flexibility to grow in unexpected ways, you will learn to thrive in your troubled time.

    Again, Span the Chasm is here to help. While we have a fierce focus on developing sales teams and sales leaders, we understand that when it comes to finding a job, everyone is in sales. We would love to help and encourage you if you (or someone you know) find yourself in transition.

    Let’s make this transition the most growthful time it can possibly be.

    Steve

  • Hey Sales Leader, Stop Being a Superhero

    Hey Sales Leader, Stop Being a Superhero

    Who doesn’t love a good superhero? If you’re a Sales leader, chances are you want to be the kind that saves the day by swooping in to fix everyone’s deals.

    But the superhero model has a flaw, it’s focused on YOU and YOUR ego. Superheroes don’t share their superpowers. Why? (more…)