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  • Will You Add? - What to Do When You Hit the Invisible Sales Revenue Ceiling

    What Color is Your Business?
    Color affects our livesColors evoke emotions Color communicatesHaving been an artist long before I ever touched a computer I knew instinctively the power different colors had on my emotions. It wasn’t until (over a decade ago) when I decided to combined art with technology that I found out how powerful using the proper colors for you marketing collateral can be.Studies show that shapes and colors affect people in different ways. Use them properly in your company logos, ad cop
    jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard t

    Lean Manufacturing - Are You Ready For Process Improvement?
    “LEAN MANUFACTURING”, you hear it everywhere, everyday, you can’t escape it, but what is it? We all have our ideas, however, if you haven’t been formally trained or deeply involved, odds are, you’re thinking only of the cost savings side. Think back when ISO became all the rage. The basic understanding was that we would hire a quality engineer, put some standards and checklists in place, and magically, all our problems would be solved. In a short amount of time and with a reasonably small budget; our defects
    Have you ever hit a level of revenue that you just couldn't seem to break through?

    If you have, then you know how frustrating it can feel

    You may even spike above this ceiling periodically. But, like water seeking its own level, your revenue results seek a sub-par level.

    I once walked into a situation much like this. I assumed the position of Vice President in a relatively young company. I was immediately tasked with making the changes needed to solve the revenue problem.

    The company, after nearly 2 years of business-to-business selling of their service, had met only 40% of their revenue expectations.

    Finance told me they were "behind" projections and needed to catch up. And the executive team wanted to know how long it would take. And the CEO said we didn't have much time.

    In this case, corporate had created a unique and valuable position in the marketplace. They had a sustainable competitive advantage. The service application worked, the product was needed and their offering was dramatically different from its competitors. Their Strategic Positioning was in place and healthy.

    So why the invisible ceiling?

    Sales leadership had failed to understand their meaningful business metrics. This was the primary reason, as it is in most cases. They had not isolated the essential competencies and components. Therefore, their people couldn't self-compete to reach and maintain revenue goals.

    They failed to develop practices and processes that allow an individual to identify, train to and measure their own competencies and performance metrics.

    In other words, they attempted to shortcut the "Blocking and Tackling" process to routinely meet revenue goals.

    When you hit a revenue "ceiling," you have to go into diagnostic mode.

    Ask the critical questions:

    Which one of your Key Performance Indicators is causing you to fall short?

    There may be several, but only one is the main culprit. As an example, the company I mentioned was fundamentally fine in turning first appointments into proposals. And they were maintaining an "average" closing ratio. Their sales cycle was within acceptable benchmarks.

    Both competencies had room for improvement, but they were not the "smoking gun" at the scene of the crime. So what was the one culprit in this case?

    What if I told you they were only generating 2 new appointments per week per sales rep?

    Their average revenue per sale at this level of activity, when related to other competency and performance numbers, produces a 40% return.

    Anyone can understand that something has to change operationally to grow the revenue. And what one item jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard ti

    Never Be Boring Again
    It was an odd reaction. I was in the middle of a customer service training session when my entire audience put down their pens almost at the same time, leaned back in their chairs and looked up at me with smiles and childlike innocence. It was as if a switch had been flipped in the room and all of a sudden the room was warmer. You know how you can hear the furnace turn on in the winter? It was like that, like the furnace turned on.Up until that moment, the eighty people that were gathered in our chilly hot
    rojections and needed to catch up. And the executive team wanted to know how long it would take. And the CEO said we didn't have much time.

    In this case, corporate had created a unique and valuable position in the marketplace. They had a sustainable competitive advantage. The service application worked, the product was needed and their offering was dramatically different from its competitors. Their Strategic Positioning was in place and healthy.

    So why the invisible ceiling?

    Sales leadership had failed to understand their meaningful business metrics. This was the primary reason, as it is in most cases. They had not isolated the essential competencies and components. Therefore, their people couldn't self-compete to reach and maintain revenue goals.

    They failed to develop practices and processes that allow an individual to identify, train to and measure their own competencies and performance metrics.

    In other words, they attempted to shortcut the "Blocking and Tackling" process to routinely meet revenue goals.

    When you hit a revenue "ceiling," you have to go into diagnostic mode.

    Ask the critical questions:

    Which one of your Key Performance Indicators is causing you to fall short?

    There may be several, but only one is the main culprit. As an example, the company I mentioned was fundamentally fine in turning first appointments into proposals. And they were maintaining an "average" closing ratio. Their sales cycle was within acceptable benchmarks.

    Both competencies had room for improvement, but they were not the "smoking gun" at the scene of the crime. So what was the one culprit in this case?

    What if I told you they were only generating 2 new appointments per week per sales rep?

    Their average revenue per sale at this level of activity, when related to other competency and performance numbers, produces a 40% return.

    Anyone can understand that something has to change operationally to grow the revenue. And what one item jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard t

    Music Vending Machines
    Music vending machines are special vending machines that offer music in return to money. They belong to new generation vending machines. Music vending machines excite the music crazy crowd. They are at the beginning stage of their popularity. They motivate the music market with a new trend. Music vending machines help you listen to or purchase music on the road. They download music in digital format. Music vending machines offer a retail profit of 35%. Some machines offers opportunity to carry back the purchase
    s and components. Therefore, their people couldn't self-compete to reach and maintain revenue goals.

    They failed to develop practices and processes that allow an individual to identify, train to and measure their own competencies and performance metrics.

    In other words, they attempted to shortcut the "Blocking and Tackling" process to routinely meet revenue goals.

    When you hit a revenue "ceiling," you have to go into diagnostic mode.

    Ask the critical questions:

    Which one of your Key Performance Indicators is causing you to fall short?

    There may be several, but only one is the main culprit. As an example, the company I mentioned was fundamentally fine in turning first appointments into proposals. And they were maintaining an "average" closing ratio. Their sales cycle was within acceptable benchmarks.

    Both competencies had room for improvement, but they were not the "smoking gun" at the scene of the crime. So what was the one culprit in this case?

    What if I told you they were only generating 2 new appointments per week per sales rep?

    Their average revenue per sale at this level of activity, when related to other competency and performance numbers, produces a 40% return.

    Anyone can understand that something has to change operationally to grow the revenue. And what one item jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard t

    Liquidity in Business
    Liquidity in business refers to availability of cash in times of uncertainty or in times of unwanted cash outlay. It is the capacity of any business to be prepared for any cash disbursements without any burden on where to get some money. This aspect is very important in any kind of business.In managing your own homebusiness, you should take into consideration the liquidity of your business. You should examine your business whether you have available cash ready for disbursements or whether almost all of you
    fundamentally fine in turning first appointments into proposals. And they were maintaining an "average" closing ratio. Their sales cycle was within acceptable benchmarks.

    Both competencies had room for improvement, but they were not the "smoking gun" at the scene of the crime. So what was the one culprit in this case?

    What if I told you they were only generating 2 new appointments per week per sales rep?

    Their average revenue per sale at this level of activity, when related to other competency and performance numbers, produces a 40% return.

    Anyone can understand that something has to change operationally to grow the revenue. And what one item jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard t

    How To Start Your Own Import Business
    This article for anyone who thinks they may want to know how to start to import goods into The USA and/or virtually any country where they are permitted to import and export. The intent is promoting and/or to sell their products a lot of this article may be common knowledge to some and new information to others.IMPORTINGI suggest you find out who has the item (‘s) you think you want to buy and sell and/or to import. Do a comprehensive research on the industry, and the market you wish to buy and sell
    jumps off the page? In this case, as in many others, activity is the path of least resistance. They just needed to be taught how to generate routine opportunities in the least amount of time.

    Everyone settles to his or her own level of "result".

    That may be OK, but only if your comfort zone is consistently at or above the company's expectations. And when it's not, "Houston, we have a problem."

    These kinds of problems cause a shortfall of revenue and unnecessary employee turnover, both of which carry "hard-dollar" consequences. I attribute it to having a "comfort zone" that is not all that comfortable.

    So, there you are. You're having a hard time figuring out where it hurts. So you take an aspirin and hope it goes away.

    Seek to understand how to break through this undefined ceiling. View your job as a business, your business, and evaluate it. Use the kind of diagnostic lens entrepreneurial business people use to scrutinize their enterprises.

    Now, you can develop your own systems and processes, if you want. But maybe you'd rather not try to re-invent the wheel.

    In which case, invest in mine.

    Either way, the first step in busting through an invisible revenue ceiling is to identify and measure your essential core competencies. Then, develop powerful training systems to improve those competencies.

    And you'll outperform your "comfort zone," your peers and your competitors.

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