On this week’s SBI Insider Podcast we discuss placing the right talent in the right performance conditions. This is the number one risk to executing the sales strategy. Joining me in this discussion is my colleague Kevin Avery, Senior Consultant from SBI. Together we debate the approach to hiring the best talent to execute your sales strategy in the pursuit of revenue growth.

 

Tolerating under-performers, hiring mistakes, and very long new hire productivity cycles all lead to missed revenue targets — and job loss for the head of sales. “A” players generate 5x more revenue than “B” players and 10x more than “C” players. Listen here as we explain how to best execute your sales strategy with the right sales talent

 

It’s difficult to grow revenue faster than your industry’s growth rate and faster than your competitors. Leverage the How to Make Your Number in 2018 Workbook to access a revenue growth methodology to hit your number quarter after quarter, and year after year.

 

talent strategyThe talent problem faced by sales leaders is best described as relying on the heroic efforts of a few.  This approach eventually catches up with you and explains why making the number year after year is so difficult. When 20% of the sales team produces 80% of the revenue, something is wrong. The labor expense associated with the sales team incurred by the company has to be justified, or a head count reduction is warranted.

 

We begin the show by asking a key question that plagues many sales leaders – are ‘A’ players a result of nature or nurture? We discuss why it’s critical for your sales strategy to be aligned with the corporate strategy in order to know what kind of talent is required to be successful.

 

Next, we address talent development and sales training. Talent assessments, competencies, and individual development plans are described. Mike will also explain what an effective onboarding process looks like. We challenge conventional thinking that onboarding programs are fluff, and don’t make a difference to your sales reps. Furthermore, we’ll explain how HR can partner with sales in order to create a program that best identifies and fills the needs of the revenue-generating functions.

 

We’ll wrap up the show by exploring performance conditions in more detail. Can sales leaders overcome shortcomings in performance conditions with the right talent and leadership? Or is it necessary for both good performance conditions and good talent?

 

Have expectations gone up and left you wondering if you can make your number? Here is a Revenue Growth Diagnostic tool that will help you understand if you have a chance at success. Take the Revenue Growth Diagnostic test and rate yourself against SBI’s sales and marketing strategy to find out if:

 

  • Your revenue goal is realistic
  • You will earn your bonus
  • You will keep your job

     

Sales Revenue Growth

 

ABOUT THE AUTHOR

Mike Drapeau

Makes data and analysis come alive so clients can understand the “what” and “why” and design solutions that fit the environment.
Mike has led every function at SBI – Delivery, Sales, Talent, and Technology. Now he is a leader for Account Management, Private Equity Partnership, and long-term business development at SBI.

 

He has personally led over 100 projects for SBI over his decade+ time since its founding in 2006.

 

This starts by earning trust – of clients, of PE firms, of prospects. Mike obtains this by leveraging deep domain expertise, with more than 25 years in sales, competitive intelligence, sales management, marketing enablement, product management, pre-sales and sales operations. Mike relishes the idea of living in the field. So he does.

 

As a founding partner, Mike built out SBI’s library of emerging best practices for sales and marketing, which leads to evidence-based solutions, custom-fit to each client. Mike built himself many of the solutions now part of the Revenue Growth Methodology. And whatever he touches gets adopted. This is part of his commitment to making it happen in the field.
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