Situation: The CEO of a professional services company wants to shift the focus of the company from emphasis on service of existing customers to new customer development. Historically they have counted on repeat sales, but these have lagged. The CEO wants to develop new customers to build current and future revenue. This is a mentality shift. How do you shift the sales mix?
Advice from the CEOs:
- The objective is to move the current customer to new customer mix from 80/20 toward 40/60.
- As an example, the CEO has shifted her focus day to day management to long-term planning and strategy over the last two years.
- Now itβs time to motivate others to make a similar shift in customer development.
- Make the shift to sales β to rain-maker β a requirement for Partner Track. Let those who want to pursue Partner Track know that this is a key part of their qualification for Partner.
- Make cash flow analysis an integral part of new project proposals and current project tracking. Have project managers devise their project analyses to show return but review these to assure that their analyses are accurate. Require them to sell their analyses to the Partners. This will help them to see the value of correctly bidding new projects up-front.
- Ask them β what do you want to be doing in 10 years? How will you be contributing to the goals of the firm? What are you doing to get there? Communicate the critical metrics that will be evaluated: sales, new account development, profitable bids and project cost control. Focus cost control on keeping options presented under control and minimizing rework.
- Reserve Partner Track for those who can produce both sales and effective delivery of services. In employee reviews make this distinction clear.
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