Wednesday, March 23, 2011

Everyone Is A Salesperson

Tony Rubleski, an author and national speaker on sales, recently noticed a trend forming with his audiences. He noticed more ministers, accountants and attorneys were coming to his sales seminars.
Said Rubleski in his book, "Mind Capture": "Many ministers believe that if you build it, and the message is great, people should show up. That's fine to think and believe this, but at the end of the day, whether they believe it or not, their selling their followers on the message and vision they have."
The lesson here is simple: Everyone is involved in sales. The sooner you recognize this in your organization, the more success your business will enjoy.
Everyone in your organization should be trained on sales strategies and how to help improve sales within their own jobs. Accountants, ministers, attorneys, receptionists, service techs...they all have a role in the sales process.
Start providing your employees with some sales training and tools to help them better interact with customers. You may get some pushback (No one wants to be the telemarketer who calls at dinner). However, we're all sales people. More experience in sales will ultimately help all employees. Who do 99% of CEOs say are the most valuable employees: the top sales producers.
-Ron Ameln, SBM

Monday, March 21, 2011

The 5-Year Employment Contract

I remember when I bought my first car, a beat-up old Ford Mustang I bought for $700 while a senior in high school.
While it might have been laughable to the neighbors, to me it was a Cadillac. I would wash it every Saturday. When I went on errands, I'd park it way far in the back of the parking lot (didn't want to get the dings).
That lasted for about 6 months. A year later I parked in the closest spot in the mall, and I wondered how I could afford to buy a nicer car.
That, my friends, is human nature.
If you own a business you recognize this behavior. When we hire employees they come to us engaged, enthusiastic and fired up. That attitude changes over time. As the years mount, some employees find themselves going through the motions, even bored. The enthusiasm they once had for the job is a distant memory.
Owners are constantly trying to find ways to keep employees engaged, including things like open-book management, cool office environments, etc. to keep employees motivated.
Here's an idea: Why don't we put the responsibility on the employee.
What would happen if most jobs in America became 3-5 year engagements, only. Now, the average tenure for most employees falls into this timeframe anyway, but what if it became mandatory for all.
-Employees would be in a much better position. They wouldn't get bored with the details of their jobs as quickly, they would learn to become better networkers (will need another job soon), they will be forced to learn new skills and meet new people every 3-5 years (thus building their skill sets and marketability), and they will become more engaged at work.
-Employers would be forced to build systems into their companies (thus building the value) and they will be greeted with fully engaged employees.
I realize this is a far-fetched example. Maybe the real solution is force this policy on the employees that aren't bringing value to your operation.
--Ron Ameln, SBM

Monday, February 28, 2011

Your Biggest Competitor? Your Numbers

When I made the decision to stop playing baseball after my sophomore year in college, my biggest worry was that I would miss the competition. You know, me against my opponent to see who comes out on top.
What I quickly realized was that I didn't miss the competition at all. In fact, my joy for the game really wasn't about the competition. It was about the challenge of improving on my own performance. I missed going out and trying to win games for my team (more games than the year before) and I missed trying to improve on my statistics, each and every year. Hit .360 one year, the challenge would be to hit .380 the next year.
As business owners, it's the same. We're all competing against our own numbers (revenue, expense, profit, productivity, etc.) every year. That should be our focus and that should be what gets us charged up each day to work.
Lately, I've been hearing a lot of owners focus (some even obsess in my view) on their competitors. These owners will say: "My competitors are doing.....I heard they are going to start...."
There is no doubt you need to know your competition and what is working for them, but keep in mind that, as business owners, our biggest competitor is our own numbers. If we move those numbers in a positive direction, it doesn't matter what our competition is doing or not doing.
-Ron Ameln, SBM

Tuesday, February 22, 2011

Human Capital: Solving A Recurring Business Problem

When it comes to entrepreneurial firms growing in the next few years, Andrew Sherman, author and business growth guru, sees human capital as one of the biggest challenges entrepreneurs face. “This is a real problem,” he said. “Keeping GOOD people, motivating good people and figuring out how to pay them properly is very important.”
Sherman said the real problem is a lack of “old-fashioned loyalty.” “It is not always the employees fault,” he said. “It is a two-way street. Employers need to show a commitment to people. You get what you give. If you treat employees like a true peer, they will probably stick around for a long time.
“Smaller companies need to understand what it is going to take to hold onto good people as they compete with larger companies with bigger benefits in era of reduced loyalty. Our children are growing up in an era where they are watching their parents switch jobs every three years. Small-business owners need to develop a compensation system, a motivation system and a culture that keeps employees. It’s not just about money. Everyone wants money, but people want other things as well. Small companies are in a great position to deliver big on those other things.”
--Ron Ameln, SBM

Monday, February 21, 2011

Entrepreneurs: Embrace Your Role As Salesperson

Listen, there are just certain tasks that come with certain jobs. Take, major league baseball player. Yes, you play baseball and get lots of money, cute girls and free dinners, etc., but you also have to answer questions from the geeky, very non-athletic sports reporters everyday (I know this because I used to be one). That's just part of the deal.
When it comes to being an entrepreneur, especially a solo-entrepreneur, sales is part of the deal. You don't have a boss, don't have to clock in or ask for PTO days, but you do need to sell.
As a consultant recently told me, "How come none of these solopreneurs want to sell?" Selling is part of the deal if you want to survive. Yes, old fashioned, selling. That means cold calls, presentations, networking, alliances, referrals, the whole nine yards.
Own it. Live it. Do it now.
Your head trash can tell you all types of things: "No one cold calls anymore," "cold calling doesn't work," "People don't like to be sold anymore," "Social media is all I need anymore," --whatever.
Tell yourself whatever you want. But the fact is when you became a solo business owner, your No. 1 job became salesperson.
The sooner you embrace that, the better off you'll be.
--Ron Ameln, SBM

Thursday, January 13, 2011

5 Signs Your Business Partnership May Be In Trouble

Are business partnerships for dummies? Well, at least my attorney thinks so. In many ways, business partnerships are more challenging than marriages. These partnerships bring all types of moving parts, like employees, debt, hopes and dreams, etc. Just like a marriage, business partnerships are hard to make work.
Because of financial reasons, some entrepreneurs have no choice if they want to start and build a thriving company. So, if you find yourself in one of these partnerships, look for the following 5 signs of trouble and get help early.
1. Sign No. 1: One partner says he/she is unhappy. When this starts happening, the clock is ticking. Do nothing and the partnership will end in a bad way. Jump on the problems early and start getting them resolved.
2. Sign No. 2: Little effort by one of the partners. If one of the partners starts slacking on his/her duties, that's a sign of disinterest.
3. Sign No. 3: One of the partners feels superior. If one of the partners feels he/she is more valuable than the other, that's not a good sign. The feeling of an unfair situation can often lead to partnership issues.
4. Sign No. 4: Little compromise. Just like a marriage, compromise must be present for a healthy relationship.
5. Sign No. 5: Lies. Trust is the key in any valuable relationship. If your partner isn't trustworthy, get out quickly.
--Ron Ameln, SBM

Monday, December 20, 2010

5 Questions For A More Productive 2011

Did your company perform as expected in 2010? Did you reach your goals?
If you want to build a thriving company in 2011, answer the following questions. Good answers to these questions will lead the way to a productive year.
1. Are you gaining feedback from customers?Entrepreneurs listen to customers and gain feedback. This is how they discover great ideas. Successful entrepreneurs are out in the field finding out what customers really want and need.
2. Are you looking for more opportunities, both inside and outside the organization?
Successful companies are not afraid to dump old products and move on to new ones.
3. Do you have a mentor? Mentors can jump-start an entrepreneur’s knowledge level, link him or her up with new contacts, offer feedback on ideas, plans and strategies and even provide help in raising capital.
4. Have you built an A-team?Savvy entrepreneurs bring people into the organization who are smarter and more skilled than they are. They then create incentives to keep them. The best entrepreneurs are clearly team builders.
5. Are you providing mind-boggling service? When you deliver legendary customer service, customers will rave about your company and become tremendously loyal.
-Ron Ameln, SBM