Tuesday, May 29, 2012

Serendipity


Serendipity; The occasion of or an aptitude for making desirable discoveries by accident.

This I believe; there is an all great eternal power, a Creator, and that Creator is in control. I do not fully understand it all and never will in this life - but His markers are plain. He is so in control that when one gives their trust to Him, He rewards them with all sorts of serendipity - for the service of others. Genuine service to others and expressions of unconditional love return a currency rarely redeemable in this life but for a profound joy derived from them AND it is the only currency of the realm of the here-after.  

The other day a friend (Craig) and I were having a passionate conversation about leadership, vision, the nation and gridlock in the affairs of present society. There is nothing new under the sun. I was expressing my growing belief that the form of democratic pluralism in our society had gone to an extreme resulting in;
·         a popular, self-centered and divisive mentality of "every man for himself" and a cynical skepticism of the motives of all others,
·         a dimming of national and regional unity and common vision,
·         a diminishing sense of the virtue of unconditional love and service to others and
·         the marginalization of any sense of belonging to something bigger than our individual selves.
This, I said resulted in an increasingly rootless citizenry with little or no sense of duty and the entitlement mentality we all complain about. I went on to say that I believed this rootless-ness resulted in the unfortunate loss of joy and satisfaction in life that might otherwise be experienced when one commits to something larger and outside of themselves and sinks their roots deep into the soil of it and receives the resource that results from that commitment and the perseverance that is often demanded of any worthwhile greater endeavor.


My commentary was on the greater whole of society and the individuals and institutions that endeavor to cater to its whims, fashions and trends, thereby justifying their own existence and increasing their security and power in the process. Again - there is nothing new under the sun. 

Craig, eyes wide, grabbed my shoulder and said, “You seem to have a real passion for what you say. Have you ever read the poetry of Mary Oliver?” I did not recall that I had. He went on, “There is a poem Mary Oliver wrote that tells of someone sinking their fingers deep into mud. I think it’s titled ‘Wild Rice’. You’ve got to read it.” And he went on to recite a few lines. I quickly wrote down a note to Google® it.

In my office the next day I did. What I came up with was “Wild Geese”. I accounted the Rice/Geese mix-up to my wrong hearing of what Craig had said. I mean really, a poem titled “Wild Rice”? What was I thinking? The poem ministered to me.

Wild Geese ~ Mary Oliver
You do not have to be good.
You do not have to walk on your knees
For a hundred miles through the desert, repenting.
You only have to let the soft animal of your body
love what it loves.
Tell me about your despair, yours, and I will tell you mine.
Meanwhile the world goes on.
Meanwhile the sun and the clear pebbles of the rain
are moving across the landscapes,
over the prairies and the deep trees,
the mountains and the rivers.
Meanwhile the wild geese, high in the clean blue air,
are heading home again.
Whoever you are, no matter how lonely,
the world offers itself to your imagination,
calls to you like the wild geese, harsh and exciting --
over and over announcing your place
in the family of things.

No mention of "mud" as I had expected but that poem had a purpose. It wasn’t an hour after reading it that I received an email from another friend going through a lonely and despairing time of uncertainty and sense of losing heart being caught in a threatened and passionless job with no end in sight. That Mary Oliver poem was a perfect prescription for the sentiments I was receiving so I responded with a link to the place where I had found it. I shot another email off to my friend Craig expressing my thanks for the thought along with a little note on how I’d mistaken “Rice” for “Geese”. Craig shot back; “There’s also a Mary Oliver poem titled “Rice”.   

Rice ~ Mary Oliver

It grew in the black mud.
It grew under the tiger's orange paws.
Its stems thicker than candles, and as straight.
Its leaves like the feathers of egrets, but green.

The grains cresting, wanting to burst.
Oh, blood of the tiger.

I don't want you to just sit at the table.
I don't want you just to eat, and be content.
I want you to walk into the fields
Where the water is shining, and the rice has risen.
I want you to stand there, far from the white tablecloth.
I want you to fill your hands with mud, like a blessing.

Oh precious SERENDIPITY!

All the best!
Bill

Tuesday, May 1, 2012

The Prospect of Prospecting

Disregard this blog if you run one of those rare businesses in which you wait for the phone to ring or the website to bring the orders or the email to bring the RFQs. Disregard this blog if the market comes clamoring to you and lines up for service.  Most of us have enjoyed brief seasons of profitable market dominance only to be discovered by competitors eager to pick away at our customer base and draw us into a profit eroding game of tag.

Perhaps you innovate and stay ahead of your competition through product development and value-added service only to find that costs rise and customers still expect value regardless - and profits are squeezed. Maybe you rely on residual sales and contracts. All of these will be tested.

Sustainability requires that new clients enter the mix as old ones are allowed to be drawn away to alternatives that you chose not to chase. And so every business has to contend with the prospect of prospecting the universe of potential clients and narrowing them down to sales.

As business organizations refine and become more lean there emerges an imperative of three performance consciousness components. Cross-functional management teams must visualize, anticipate and communicate on a common frequency. If profitable revenues are the goal, then the process of customer identification and conversion to a sale is everyone’s concern and priority. And so it is important that everyone understand the process of prospecting.

Enter the humble Sales Funnel diagram to help everyone visualize that process. Do a Web search of “Sales Funnels” and you will be met with all sorts of versions. One is right for your business. The concept is simple – wide at the top and narrow at the bottom – many prospects enter, they are qualified and pursued and a few convert into customers. Every business type has a ratio model that seems to result; e.g. 100 prospects narrows to 30 qualified and ready prospects, that narrows to 5 that will participate and accept a proposal resulting in 1 that will buy.

Successful after-market customer maintenance aided by the proliferation of information sharing and communications mediums brought on by the internet and social media has transformed the traditional sales funnel into a useful converging/diverging shape that facilitates customer retention, up-selling, conversion of customers into evangelists for your company and the attraction of qualified network prospects from those same customers. Intake on one end, Uptake on the other.    

Here is a sales funnel diagram version that works for a client of mine;
Let’s apply some detail.

From the “Universe” are gathered prospects from a variety of gathering methods such as advertising, active sales prospecting solicitation, referrals and the like. Based on the proven conversion model for your type of business the number of required “Universe” prospects to be gathered will vary for the success rate goal you set. You’ve got to KNOW and DO the numbers!

Leads are “Qualified” by identifying need, determining that the prospect has the resources to make the purchase, understanding the competitive landscape you are up against, exploring buying influences particular to the customer and understanding their purchasing decision process. At this point it is necessary to involve the potential customer in the process so that they are investing in the outcome along with you. No investment in the process on their part lowers the potential for closure.

Positioning To Win” involves a detailed validation of the need and the budget to meet the need, establishing buyer and seller roles and responsibilities in the process, establishing and adhering to a scheduled trajectory toward closure, aligning your solution to the need (and conducting field trials to prove the fit), continued building of the relationship with both parties investing in the process and rooting out pitfalls that lead to “leaky funnels” – such as; the person you’re dealing with is not really the decision maker, you’re dealing with a nice person who just can’t say no … until you ask for the order …

The “Proposal” must; be submitted when promised, be clear, stay within scope (no surprise add-ons or hidden agendas), leave nothing unanswered, be visual (use customized sketches, pictures and diagrams) to facilitate comprehension, be bottom line sensitive, be easy to execute, be clear on next steps if executed.

The “Closing” process involves; negotiating for a win/win and ensuring no buyer remorse by making a great first impression and following through with fresh energy, positive relationship building and clear point-of-contact establishment. This phase proves to the customer that their decision and the process that led to it were worth it. Customer conversion to evangelist starts here.

Post closing, attention on relationship development should ramp up and lead to eventual up-selling and qualified network referrals (inward funnel leaks are desirable). Don’t spike the ball – wrap it in a bow and gift it to the customer. Think WIN WIN !!

Happy funneling & all the best!

Bill