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Sales Consulting Firm
       Focused exclusively on Sales Force Effectiveness
Leverages the benchmarking method to generate client results
Sales Process
 Assessment
Findings
Sales Process Problem Statement
Can the sales cycle be reduced to 210 days?

  Yes, evidence includes:
   • Customer Survey indicates 180-210 days
   • Shortest Duration of Close Won
     opportunities = 225 days
Sales Cycle Length Root Cause
Sales Cycle and Buying Cycle out of alignment

   • Sales Cycle Exit Criteria not aligned with Buying Cycle exits
   • Lack of Consultative selling that supports Buyer’s process
     • Initial Discussion focused on fact finding
     • Early stage assumptions on Buyer’s commitment
     • Lack of Risk discussion
Sales Process:
   Misaligned Exit Criteria

                                                                                        Sales Cycle
                                                               Determining                               Confirming
                                           Opportunity                               Confirming                                 Finalizing
                        Prospecting                            Differentiated                            Value and                               Negotiating         Closed
                                            Identified                              Vision Match                               Mutual Plan
                                                                 Problems                                  Power
Sales Exit Criteria




                                       First Meeting       Pain, Timeline,      Discovery,          Demo,                 Reference          Close Call
                                                           Decision             Schedule            Summary of            Called,            Complete,
                                                           Criteria, SOE        Demo                Findings              Activant           Ask Order
                                                                                                                          Preferred,
                                                                                                                          Proposal Review




                                                             Needs                             Explore                          Resolve
                                Catalyst                                                                                                                       Purchase
                                                           Recognition                         Options                         Concerns

                               Recognize           Clear Vision of Solution        Preferred Solution                 Risks Considered             Issue Order
  Buyer Exit Criteria




                               Problem                                             Identified



                                                                                      Buying Cycle
Sales Cycle Length                                                                                                     --- Includes Stage Reversal ---

                                                  Worst Case Stage Duration
  200

  180

  160                                                                                                 2X Best Case duration until
  140                                                                                                 Negotiating Stage

  120

  100                                                                                                                                                        Closed-No Decision
                                                                                                                                                             Closed-Lost
   80
                                                                                                                                                             Closed-Won
   60

   40

   20

     0
            Prospecting    Opportunity      Determining      Confirming Vision   Confirming Vision   Finalizing Mutual   Negotiating     Final State
                            Identified     Differentiated         Match             and Power               Plan
                                             Problems


                                                                          Worst Case Duration
                                                                     Determining          Confirming        Confirming
                                                  Opportunity                                                               Finalizing
                             Prospecting                            Differentiated          Vision          Value and                    Negotiating   Final State Total Duration
                                                   Identified                                                              Mutual Plan
                                                                      Problems              Match             Power
Closed - No Decision              75                   126                 86                  87                 51             61            30         40               556
Closed - Lost                    116                   187                106                  75                 57             35            15         15               606
Closed - Won                      44                    90                 97                  84                 43             42            16         13               429

* Note: Duration for a Stage is the days from Previous Stage to current stage plus days from next stage back to current stage
Sales Cycle Length
                                                     Best Case Stage Duration
  100

   90

   80

   70

   60

   50                                                                                                                                                         Closed-No Decision
                                                                                                                                                              Closed-Lost
   40
                                                                                                                                                              Closed-Won
   30

   20

   10

     0
            Prospecting     Opportunity      Determining      Confirming Vision   Confirming Vision   Finalizing Mutual   Negotiating     Final State
                             Identified     Differentiated         Match             and Power               Plan
                                              Problems


                                                                            Best Case Duration
                                                                      Determining          Confirming        Confirming
                                                   Opportunity                                                               Finalizing
                              Prospecting                            Differentiated          Vision          Value and                    Negotiating   Final State Total Duration
                                                    Identified                                                              Mutual Plan
                                                                       Problems              Match             Power
Closed - No Decision                                     50                 47                  36                 22             19            30         40               244
Closed - Lost                                            89                 30                  40                 25             15            15         15               229
Closed - Won                                             85                 32                  32                 24             23            16         13               225

* Note: Duration for a stage is the days from previous stage to current stage.
Sales Cycle Length Root Cause
Lack of Visibility

    • Stage regression is key contributor
    • Managers focused on forecast
      • Late stage opps, not early stage trends
    • No visibility to stage duration or stage regression
Sales Cycle Length Root Cause
Managers unable to correct

   • Lack of visibility
   • Lack of tools embedded in process to test and
     proactively avoid delays
   • Corrective action focused on selling activity vs.
     buyer needs
   • Coaching focused on what not how
Sales Process Recommendation
Align Sales Cycle with Buy Cycle

   • Activities mirror and support buyer as they progress
     through stages
   • Customer Driven Exit criteria = Proof of buyer’s
     position
   • Critical decision points in cycle are proactively
     addressed
Sales Process Recommendation
Align Sales Cycle with Buy Cycle

   • Align Stage Exit Criteria
   • Modify Stages
   • Job Aides support & accelerate exits
     • Sponsor Letter
     • Opportunity Assessment
     • Call Plans
     • Evaluation Guide
     • Prospect Risk Planner
Sales Process Recommendation
Implement Sales Performance Management

   • Move Sales Managers what to how
   • Sales Management becomes proactive
   • Improves Forecast Accuracy


       “Reps forecast based on hope and need
        versus reality… 35% accuracy at best.”
                      - Manager
Sales Process Recommendation
Adopt Talent Management for Managers

   • Supports adoption and adherence to sales process
   • Mgrs report on the business rather than affect it
   • Reps engage prospects as business consultants


     “No one asked about strategic objectives, but
      would have shared with the final vendors.”
                     - Customer
Next Steps
Next Steps
Sales Process

   • Modify Sales Process to align with Buying Process
     • Reduce Stage Count
     • New Exit Criteria
     • Job Aides
     • Training
   • Implement SPM
   • Talent Management directed at Sales Managers
About Sales Benchmark Index
Sales Benchmark Index provides sales consulting services to leading organizations across the private and public
sectors. These companies are seeking to increase their rate of revenue growth. Unlike traditional sales
improvement approaches, such as software implementations or skills training, we offer superior value because
we rely on the benchmarking method to deliver results. This method of sales consulting allows for results to be
delivered quickly with little organizational disruption. This is accomplished through the use of best-in-class
diagnostic tools and solutions that are supported with verifiable truth. Each project is executed by the most
experienced team of advisors in the industry.



Visit our website

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Sales+cycle+report

  • 1. Sales Consulting Firm Focused exclusively on Sales Force Effectiveness Leverages the benchmarking method to generate client results
  • 4. Sales Process Problem Statement Can the sales cycle be reduced to 210 days? Yes, evidence includes: • Customer Survey indicates 180-210 days • Shortest Duration of Close Won opportunities = 225 days
  • 5. Sales Cycle Length Root Cause Sales Cycle and Buying Cycle out of alignment • Sales Cycle Exit Criteria not aligned with Buying Cycle exits • Lack of Consultative selling that supports Buyer’s process • Initial Discussion focused on fact finding • Early stage assumptions on Buyer’s commitment • Lack of Risk discussion
  • 6. Sales Process: Misaligned Exit Criteria Sales Cycle Determining Confirming Opportunity Confirming Finalizing Prospecting Differentiated Value and Negotiating Closed Identified Vision Match Mutual Plan Problems Power Sales Exit Criteria First Meeting Pain, Timeline, Discovery, Demo, Reference Close Call Decision Schedule Summary of Called, Complete, Criteria, SOE Demo Findings Activant Ask Order Preferred, Proposal Review Needs Explore Resolve Catalyst Purchase Recognition Options Concerns Recognize Clear Vision of Solution Preferred Solution Risks Considered Issue Order Buyer Exit Criteria Problem Identified Buying Cycle
  • 7. Sales Cycle Length --- Includes Stage Reversal --- Worst Case Stage Duration 200 180 160 2X Best Case duration until 140 Negotiating Stage 120 100 Closed-No Decision Closed-Lost 80 Closed-Won 60 40 20 0 Prospecting Opportunity Determining Confirming Vision Confirming Vision Finalizing Mutual Negotiating Final State Identified Differentiated Match and Power Plan Problems Worst Case Duration Determining Confirming Confirming Opportunity Finalizing Prospecting Differentiated Vision Value and Negotiating Final State Total Duration Identified Mutual Plan Problems Match Power Closed - No Decision 75 126 86 87 51 61 30 40 556 Closed - Lost 116 187 106 75 57 35 15 15 606 Closed - Won 44 90 97 84 43 42 16 13 429 * Note: Duration for a Stage is the days from Previous Stage to current stage plus days from next stage back to current stage
  • 8. Sales Cycle Length Best Case Stage Duration 100 90 80 70 60 50 Closed-No Decision Closed-Lost 40 Closed-Won 30 20 10 0 Prospecting Opportunity Determining Confirming Vision Confirming Vision Finalizing Mutual Negotiating Final State Identified Differentiated Match and Power Plan Problems Best Case Duration Determining Confirming Confirming Opportunity Finalizing Prospecting Differentiated Vision Value and Negotiating Final State Total Duration Identified Mutual Plan Problems Match Power Closed - No Decision 50 47 36 22 19 30 40 244 Closed - Lost 89 30 40 25 15 15 15 229 Closed - Won 85 32 32 24 23 16 13 225 * Note: Duration for a stage is the days from previous stage to current stage.
  • 9. Sales Cycle Length Root Cause Lack of Visibility • Stage regression is key contributor • Managers focused on forecast • Late stage opps, not early stage trends • No visibility to stage duration or stage regression
  • 10. Sales Cycle Length Root Cause Managers unable to correct • Lack of visibility • Lack of tools embedded in process to test and proactively avoid delays • Corrective action focused on selling activity vs. buyer needs • Coaching focused on what not how
  • 11. Sales Process Recommendation Align Sales Cycle with Buy Cycle • Activities mirror and support buyer as they progress through stages • Customer Driven Exit criteria = Proof of buyer’s position • Critical decision points in cycle are proactively addressed
  • 12. Sales Process Recommendation Align Sales Cycle with Buy Cycle • Align Stage Exit Criteria • Modify Stages • Job Aides support & accelerate exits • Sponsor Letter • Opportunity Assessment • Call Plans • Evaluation Guide • Prospect Risk Planner
  • 13. Sales Process Recommendation Implement Sales Performance Management • Move Sales Managers what to how • Sales Management becomes proactive • Improves Forecast Accuracy “Reps forecast based on hope and need versus reality… 35% accuracy at best.” - Manager
  • 14. Sales Process Recommendation Adopt Talent Management for Managers • Supports adoption and adherence to sales process • Mgrs report on the business rather than affect it • Reps engage prospects as business consultants “No one asked about strategic objectives, but would have shared with the final vendors.” - Customer
  • 16. Next Steps Sales Process • Modify Sales Process to align with Buying Process • Reduce Stage Count • New Exit Criteria • Job Aides • Training • Implement SPM • Talent Management directed at Sales Managers
  • 17. About Sales Benchmark Index Sales Benchmark Index provides sales consulting services to leading organizations across the private and public sectors. These companies are seeking to increase their rate of revenue growth. Unlike traditional sales improvement approaches, such as software implementations or skills training, we offer superior value because we rely on the benchmarking method to deliver results. This method of sales consulting allows for results to be delivered quickly with little organizational disruption. This is accomplished through the use of best-in-class diagnostic tools and solutions that are supported with verifiable truth. Each project is executed by the most experienced team of advisors in the industry. Visit our website