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Jim Collins Fortune Interview Translated for the Sales Force

  
  
  

Dave Kurlan is a top-rated speaker, best-selling author, sales thought leader and highly regarded sales development expert.

Jim Collins was interviewed in the February 2 issue of Fortune

He was asked this question:  "Right now, it seems as if people are panicking - or are paralyzed about decisions."

He responded with, "Almost across the board, people are worrying.  As a rock climber, the one thing you learn is that those who panic, die on the mountain.  you don't just sit on the mountain.  You either go up or go down, but don't just sit and wait to get clobbered.  if you go down and survive, you can come back another day.  You have to ask the question, what can we do not just to survive but to turn this into a defining point in history?"

So, if you must do something, as opposed to nothing, what can you do? You can only cut so many costs.  You can only sit back and wait for so long.  You can only hope so much.  At some point, you must do something about the one thing you can control - your sales force - the single connecting point between you and your revenue.  Although you don't want to increase spending right now, spending money on the group of people that actually have the ability to reverse declining revenue is not only responsible, it is necessary!

If faced with a legal crisis, CEO's don't "do what they can"; they call their attorneys.  When faced with a tax or accounting crises, CEO's don't do what they can, they call their accountants.  If faced with damage to their property, CEO's don't do what they can, they call their insurance agents. 

You are faced with an economic crisis.  Don't do what you can. Do what you must.  Call your Sales Development Expert!  There are so many ways to reverse declining revenues, to help your sales force succeed in these difficult times, to change your approach, to get more of a smaller pie. Just don't believe that you know what all of those methods are or that you know how to get your salespeople to change.

(c) Copyright 2009 Dave Kurlan



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Posted by Dave Kurlan on Sun, Mar 01, 2009 @ 10:24 PM

COMMENTS

Totally right on Dave and so many CEOs in the UK are in thrall to their CFO that cut is king,

posted on Monday, March 02, 2009 at 4:20 AM by John Hill


We're working with the CEO/owner of a small growing company; the number one topic on our weekly coaching meeting agenda is sales growth followed by cash flow... no exception.  
 
 
 
Following the Law of Attraction from "The Secret" works. Hunkering down in tough times begets more down and tougher times. Being held accountable for daily activities driven by a sales growth plan will beget growth... sooner or later. And it feels a lot better to talk about the positive than the "woe is me, alas alas" negative that a lot of folks get caught up in these days.

posted on Monday, March 02, 2009 at 7:58 AM by Mike Eagan


Dave, 
 
 
 
Thanks for another powerful example of the the need to take positive steps to improve the sales force. Panic, paralysis, and across the board cuts don't grow or even maintain revenue. If a client cannot invest in sales force development without cutting costs, let's help them make surgical cuts after a Sales Force Evaluation. With their savings on ineffective sales people, they can invest a portion in sales force development.

posted on Tuesday, March 03, 2009 at 9:12 AM by Tuck Mixon


@Tuck - great point Tuck about how companies can save and invest, all at the same time, simply by eliminating salespeople that are underperforming and who can't be developed.

posted on Tuesday, March 03, 2009 at 9:20 AM by Dave Kurlan


Great analogy with the rock climber. A short but great post on the need to take action. 
 
Thanks, 
 
Will Fultz

posted on Wednesday, March 04, 2009 at 6:06 AM by Top Sales Blog


He mention [Jim] GE [6.31 a share]as a great company.... down in a market that was up 197 obama's today! 
 
Study more Jim!

posted on Wednesday, March 04, 2009 at 3:00 PM by Chubby Davis


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