Exiting the Corona pandemic and recovering revenue growth

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Exiting the Corona pandemic will be a challenging job for most businesses. Markets are economizing and cash constraints are putting pressure on investments and growth. Many business leaders are dealing with these developments at the moment.

Don’t get discouraged. There are solutions to survive.

We talk daily with business leaders and guess what? Some leaders find ways to stabilize and even grow during the pandemic. Is it just because they are in markets not affected by the events? Sometimes yes. But often it has to do with mindset and vision.

Example:

A sales team. The primary responsibility of any sales team is to generate revenue. Preferably with a good margin. A professional salesperson should also be able to handle market situations. In good times and in challenging times.

During the pandemic we have been talking and especially listening to managers who deal with business and markets. The general feedback we get is, that most salespeople are at home, not able to sell.

In the age where we have the best technologies available to be in contact with each other, this should not happen. The reality is that it happens much more that we might expect. Why does this happen? Here is the answer: because most salespeople don’t know how to connect with the market effectively and efficiently using modern technology and their mindset is not up to doing so.

The result is loss of revenue and often even customers because there are salespeople out there who can use technology, sell value and are able to work remotely in a successful way. And they take business away from those who cannot make change and sell by using modern means of communication!

What do managers need to do?

  • First have a plan to maintain revenue and growth

  • Be regularly in contact with your remote sales team

  • Have weekly sales meetings with meaningful content

  • Develop your people and influence their mindset to get out of their comfort zone

  • Hold people accountable for what they are supposed to do: generating revenue

  • Do not accept excuses. Ask for their solutions on how to approach the market non-traditionally

  • Introduce technological tools and help salespeople to learn how to use them. Help them also to overcome resistance to change and adapt to a fast-changing world.

  • As a manager, your people will be looking to you for support. Your behaviour affects their behaviour!

So, what do we learn from this? Strong leadership goes together with empathy, accountability, courage and embracing of change.

Want to know more? Let’s have a chat. Or call me at +31 (0) 6427 13033

Check here for some interesting statistics.

Check here for more data regarding sales people working from home.

Tip of the Day: Gossip can Break or Make your Business

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Gossip is a habit which can seriously hurt people and your business. Chances are that people who gossip are out to hurt people they see as a threat to themselves. The most dangerous effect about gossip is that it can destroy someone’s reputation rapidly without them being aware that it’s happening. When they find out, it might be too late.

How to avoid gossip?

Next time someone tries to share a gossip with you, ask them if they would be willing to share it with the person they are talking about. Most probably they will refrain from gossiping with you in the future.

Inform your co-workers on a regular basis about business, your market developments, events and people.

Promote positive feedback: when people want to talk about others, it should be constructive, positive, emphatic and needs to carry a learning message.

As a leader, make clear that you are not open to gossip and you will act to stem it. Your team will love you for this!

If you want to improve the team spirit of your team in a way that it sticks, contact me here or call me at this number: +31 (0) 642713033