Saturday, 26 May 2012

Time management



Biggest Time Wasters for Sales People

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Productivity - Time management
Written by Dave Kahle   

Good time management for sales people has been an obsession of mine for more than 30 years.  In the last decade, I’ve been involved in helping tens of thousands of sales people improve their results through more effective use of their time.  Over the years, I’ve seen some regularly occurring patterns develop – tendencies on the part of sales people to do things that detract from their effective use of time.  

Here are the four most common time-wasters I’ve observed.  See if any apply to you or your sales people.

1. Allure of the urgent/trivial.

Sales people love to be busy and active.  We have visions of ourselves as people who can get things done.  No idle dreamers, we’re out there making things happen!

A big portion of our sense of worth and our personal identity is dependent on being busy.  At some level in our self image, being busy means that we really are important.  One of the worst things that can happen to us is to have nothing to do, nowhere to go, and nothing going on.  So, we latch onto every task that comes our way, regardless of the importance. 

For example, one of our customers calls with a back order problem.  “Oh good!” we think, “Something to do!  We are needed!  We can fix it!”  So, we drop everything and spend two hours expediting the backorder. 

In retrospect, couldn’t someone in purchasing or customer service have done that?  And couldn’t they have done it better than you?  And didn’t you just allow something that was a little urgent but trivial prevent you from making some sales calls?  And wouldn’t those potential sales calls be a whole lot better use of your time?

Or, one of our customers hands us a very involved “Request for Quote.”  “Better schedule a half-day at the office,” we think.  “Need to look up specifications, calculate prices, compile literature, etc.”  We become immediately involved with this task, working on this project for our customer.  In retrospect, couldn’t we have given the project to an inside sales person or customer service rep to do the leg work?  Couldn’t we have just communicated the guidelines to someone and then reviewed the finished proposal? 

Once again, we succumbed to the lure of the present task.  That prevented us from making sales calls and siphoned our energy away from the important to the seemingly urgent.

I could go on for pages with examples, but you have the idea.  We are so enamored with being busy and feeling needed that we often grab at any task that comes our way, regardless of how unimportant.  And each time we do that, we compromise our ability to invest our sales times more effectively.

2.  The comfort of the status quo.

A lot of sales people have evolved to the point where they have a comfortable routine.  They make enough money and they have established routines and habits that are comfortable.  They really don’t want to expend the energy it takes to do things in a better way, or to become more successful or effective.

This can be good.  Some of the habits and routines that we follow work well for us.  However, our rapidly changing world constantly demands new methods, techniques, habits and routines.  Just because something has been effective for a few years doesn’t mean that it continues to be so.  This problem develops when sales people are so content with the way things are, they have not changed anything in years.

If you haven’t changed or challenged some habit or routine in the last few years, chances are you are not as effective as you could be. 

For example, you could still be writing phone messages down on little slips of paper, when entering them into your contact manager would be more effective.  This is a simple example of a principle that can extend towards the most important things that we do.  Are we using the same routines for organizing our work week, for determining who to call on, for understanding our customers, for collecting information, etc.?  There is no practical end to the list.

Contentment with the status quo almost always means sales people who are not as effective as they could be.

My book, 10 Secrets of Time Management for Salespeople, discusses the use of the "more" mindset as an alternative to the status quo.

3.  Lack of trust in other people in the organization.

Sales people have a natural tendency to work alone.  After all, we spend most of the day by ourselves.  We decide where to go by ourselves, we decide what to do by ourselves, and we are pretty much on our own all day long.  It’s no wonder then, that we just naturally want to do everything by ourselves.

That’s generally a positive personality trait for a sales person. Unfortunately, when it extends to those tasks that could be done better by other people in our organization it turns into a real negative.

Instead of soliciting aid from others in the organization, and thereby making much better use of our time, many sales people insist on doing it themselves, no matter how redundant and time-consuming is the task.  The world is full of sales people who don’t trust their own colleagues to write an order, to source a product, to enter an order in the system, to follow up on a back order, to deliver some sample or literature, to research a quote, to deliver a proposal, etc.  Again, the list could go on and on. 

The point is that many of these tasks can be done better or cheaper by someone else in the organization.  The sales people don’t release the tasks to them because they, the sales people, don’t trust them to do it.  Too bad.  It’s a tremendous waste of good selling time and talent.  Chapter 10 of my book "10 Secrets" describes a system to nurture helpful relationships.

4.  Lack of tough-minded thoughtfulness.

Ultimately, time management begins with thoughtfulness.  That means a sufficient quantity of good quality thought-energy invested in the process.  I like to say that good time management is a result of “thinking about it before you do it.” 

Good time managers invest sufficiently in this process.  They set aside time each year to create annual goals, they invest planning time every quarter and every month to create plans for those times, they plan every week and every sales call.  Poor sales time managers don’t dedicate sufficient time to the “thinking about it” phase of their job.

Not only do good sales time managers invest a sufficient quantity of time, but they also are disciplined and tough-minded about how they think.  They ask themselves good questions, and answer them with as much objectivity as they can muster. 

“What do I really want to accomplish in this account?” 

“Why aren’t they buying from me?” 

“Who is the key decision maker in this account?” 

“Am I spending too much time in this account, or not enough in that one?”

“How can I change what I am doing in order to become more effective?”

These are just a few of the tough questions that good sales time managers consider on a regular basis.  They don’t allow their emotions or personal comfort zones to dictate the plans.  They go where it is smart to go, do what it is smart to do.  They do these things because they have spent the quantity and quality of thought-time necessary.

Of course, there are hundreds of other time-wasting habits.  These four, however, are the most common.  Correct them, and you’ll be well on your way to dramatically improved results.

 

Want More Time? ... Forget Time Management

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Productivity - Time management
Written by Jill Harrington   

It's a fact of life. The expectations of our customers, our bosses and our families require us to do more, and do it faster. Juggling existing customers and incoming leads, negotiating with price conscious buyers, squeezing in new business development activity, completing a multitude of reports - all while leaving some "awake time" for family . The consistent question I hear from sales professionals and business owners is, "How do I find a way to manage my time so that I get everything done and keep everyone happy?" Overwhelmed is the new normal.
 
Many look at time management as the panacea. Yet, according to renowned neuropsychologist, Dr. Paul Pearsall*, "time management is a waste of time." You see... it's not about time, it's about attention. Pearsall refers to attention as the new business currency and states, "until we learn to manage our attention, all the self-helpism, time management programs in the world will be useless." And I agree with him.
 
A myriad of distractions vie for our attention on a daily basis. So much so, that we forget we have choice over where we focus that attention. In fact by getting ruthless with our choices we will get more done, and free up time.
 
More time!Here are seven insights to help you redirect your attention so you get more done in less time.
 
1. Having goals is not enough.
 
Everyone knows that goals are integral to getting things done. But did you know that setting goals without identifying the associated critical success factors to achieving these goals leads to time wasted?
 
Many of you have clear goals. But it's the overwhelming list of activities you then create to attain these goals that threatens to derail you.
 
Set your goal. Then identify the few (three or four) things that absolutely must get done if you wish to reach this objective - the handful of activities that are critical to your success. Then ruthlessly devote your attention to executing these few critical success factors and notice how much more efficiently you reach your goals.
 
2. It's not about time, it's about priorities.
 
You have an ever-growing "To Do" list. Items get added faster than they get crossed off and it's paralyzing you. Anyone relate? Stop making lists unless you have a prioritization process that enables you to efficiently work through this list.
 
Designate each item an A, B or C priority based on how critical each activity is to achieving your end goals. Importance trumps urgency. Schedule time for the A priorities immediately (and always allow at least 50% more time than you anticipate).  Assign the Bs to another day, and either delegate your Cs to others or move them to your "stop doing" list. For example, an A for me today is working on my business strategy for 2012, a B is a proposal that is due next week, and a C is returning a call to the sales person who has left the same message five times. While the proposal is more urgent than the business strategy, the strategy will help me decide whether this is a proposal I should be writing. You can guess what I've done with the C.
 
3. Stop reacting and start proacting.
 
Sales people jump at opportunity. Every opportunity. It's part of our DNA. But if you seek more time - and bigger results for a smaller investment of your time - then focus your attention on the leads that are both winnable and desirable for your company. Have a clear target customer profile, against which you filter and prioritize both incoming leads and outgoing calls.   When you devote your attention to a lead that is neither winnable not desirable you are taking time away from a lead that could be your next best client.   
  
4. Schedule your attention.
 
Schedule quantity and quality of time to focus your attention on the important elements of your job, like call planning, new business development... And when I say "schedule" I mean protect a chunk of time in your calendar as you would a meeting with Mr. Big, your most important customer.  Shut your door if you have one, book a boardroom so you have privacy, forewarn your colleagues that between 8.30AM and 10.30AM you will not be responding to e-mails, calls or drop bys.   Uninterrupted time, allows you to get more done, because you maintain your attention. I've heard that once distracted, it can take up to 40 minutes to fully refocus on the original task. And that's a wicked waste of time.
 
 5. Check into "Blackberry Rehab."
 
The biggest attention sucker in today's business world is your Blackberry or I-phone. If you believe that checking your e-mail frequently makes you more efficient - think again. The most efficient people look at their e-mail a handful of times each day, manage their customers' expectations in this regard, and avoid wasting time responding to e-mails that 20 minutes later no longer require their attention. Now I hear some of you wailing, "But my customers expect me to respond immediately!" Then my question to you is, "Who set the expectation?" Unless you work in a time sensitive (and I mean minute to minute) business like the currency exchange or energy markets - kick the habit.
 
6. Leverage your peak performance time.
 
There is a certain time of the day, and certain circumstances, under which we focus and perform at our best. For me it's early morning. My best ideas come to me in the shower - my husband has suggested I stop showering for a while as I now have more ideas than I can ever hope to execute.  The morning is when I attack my scariest projects. Mid afternoon is when my attention wanes. So that's when I schedule B priorities or re-energize by interacting with others. If you don't know when, and how, you are your most productive, start observing your work habits. Don't fall into the trap of choosing easy over efficient, or comfortable over important, just because it's the wrong time of day for you.
 
7. Remember ... It's never about time - it's always about priorities.
 
Did I say this already? Well, I'm saying it again because so many salespeople are frustrated with how long it takes to get time with prospects. Or they consider it rude when a prospect won't return their calls or a customer continuously postpones a meeting. Remember ... attention, time and money flow to priorities. Reality is you've failed to get their attention because you, your message, or the agenda of your meeting is not a priority to this individual right now. Getting time with today's busy buyer takes work. Many sellers don't devote enough attention to clarifying what's important to a specific prospect before picking up the phone or sending that e-mail. The end result ... time wasted.
 
Let's face it. You have no control over time. It moves forward no matter how hard you try to slow it down. We do have control over what we deem a priority. So stop worrying about managing time, and get ruthless on where you focus your attention.
 
* Paul Pearsall PhD 1942 - 2007

 

Self Manage for Sales Success

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Productivity - Time management
Written by Tony Cole   

A crisis is an event that is urgent and important. Crises require immediate response. Events that qualify for crisis management include September 11, 2001, the stock market crashes of 1929 and 1987, a child in the hospital, death and serious illness, the loss of your job. You get the idea.

Self managementWe cannot manage time. We can only manage ourselves and what we do with the time that we have. Self management requires that we adopt specific attitudes and behaviors.  We must take responsibility for managing ourselves, knowing that if we run out of time, it is because we didn’t plan or control our activities adequately.

In 7 Habits of Highly Effective People, Stephen Covey offers us a valuable Activities Time Management Matrix which categorizes events into four quadrants as follows:

Quadrant 1 is Urgent and Important. Activities include:

Crises

Pressing problems

Deadline-driven projects

Quadrant 2 is Not Urgent but Important. Activities include:

Prevention, capability improvement

Relationship building

Recognizing new opportunities

Planning, recreation

Quadrant 3 is Urgent but Not Important. Activities include:

Interruptions, some callers

Some mail, some reports

Some meetings

Popular activities

Quadrant 4 is Not urgent and Not Important. Activities include:

Trivia, busy work

Some mail

Some phone calls

Time wasters

Pleasant activities

The problem that most sales people and sales managers have isn’t so much in dealing with a real crisis. It is a problem of treating everything as though it were a crisis. Let’s say a client sends an email regarding a service issue that needs to be addressed. For most of us this would not qualify as a Quadrant 1- Urgent and Important activity.

However, what do we do when this email lands in our Inbox? Typically, we respond immediately. Perhaps we think if we take care of this now, we won’t have to do it later. Or maybe we are trying to manage the number of emails in our Inbox. Regardless, this is a perfect example of treating a Quadrant 3- Urgent but Not Important activity as though it were a Quadrant 1- Urgent and Important activity.

Ask these questions to define Quadrant 1 activities:
If I don’t take care of the item right now; will someone become gravely ill or die?  Will I lose my job?  Will I lose the account?

If the answer to any one of these three questions is no, we do not have an urgent and important item that resides in Quadrant #1.  If the activity is something that requires reaction in a short period of time, then clearly it is a Quadrant #3 event.  If we could go 24 hours without addressing then it may actually be a Quadrant #4 event. 

So where are you lacking self management? What are you doing that eats up your time?

Answering the phone each time it rings?

Tending to emails as they come in?

Meeting with anyone who shows up at your office door?

Taking non urgent calls your assistant passes through?

Instead of tending to these items the moment they happen, set aside 30 minutes every few hours to address them. Return phone calls, answer emails and consult with staff during these regularly scheduled intervals.

We must learn to distinguish the crises from the non-crises and respond appropriately in order to be successful in selling. And here is why-

In our world of sales and sales management, Quadrant # 2 activities are the most important. The life blood of our business requires that we:
a.    Prospect
b.    See people
c.    Get people to decide

If you are struggling today with “time management” issues, you have to ask yourself how much this problem is costing you in real dollars.  Do the math. If you regularly spend your prospecting time fielding emails or responding to non urgent messages, you aren’t making the calls. If you aren’t making the calls, you are not seeing prospects and you are jeopardizing the mainstay of your business. Imagine if you missed out on only one opportunity a week due to poor self management. Over the course of a year, you have lost nearly fifty opportunities. What could this mean in real dollars to you? 

It is important to put a dollar figure to this problem because if you don’t, you will have no pain to change. You will continue to do what you’ve done and you will continue to have the results you have always had.  Commit to changing your attitudes and behaviors. Learn to distinguish activities and appropriate response times. Communicate these new parameters to your staff so that they can support you appropriately. Learn to self manage for sales success.

 

 

The Four Corners Offense of Time Management

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Productivity - Time management
Written by Ted Gulas   

Before the shot clock was modified and installed into the game of basketball teams would employ a four corners offense to significantly slow the game down. The offense was developed and popularized by long-time North Carolina head coach Dean Smith in the early 1960s.

You may be thinking, “What does this basketball strategy have to do with me and time management”?  The answer is simple. To become effective at controlling your choices, which ultimately lets you make better choices, you have to become an “effective worker”. To become an “effective worker” you must understand and deploy the concept of slowing down to speed up. Slowing down to speed up allows one to do the right things, for the right reasons, at the right time. To summarize an “effective worker” is a results worker versus an activity worker.

This slow down to speed up strategy is opposite of what most people think about when they think about time management. For most time management translates into managing time better so one can get more done in the time available. The challenge to this logic is you can not manage time. Everyone receives 86, 400 seconds each day. Once those seconds are gone you get none of them back. Therefore time is an irreplaceable asset. With a bank account if you spend $100 dollars you can put $200 back in the bank to replace the first $100 and have $100 for the future. Unfortunately when your 86,400 seconds are gone you can not replace or get any of them back. The solution for trying to manage an irreplaceable asset like time is to become effective. Becoming effective means you know how to slow down the clock to make better choices in the moment. The outcome, as in basketball, is you will only make a shot with the highest probability of scoring.

Four corners offenseBy making a better choice in the moment one can become more effective. At the Gulas Group we call this strategy one of many best practice processes.  The return for individuals, teams and organizations from these best practice processes comes in when you apply them to tool boxes like Microsoft Outlook, Lotus Notes, GroupWise or any CRM software program in an effort to create organizational consistency around planning and organizing.

Let us take a top down view of what comprises the four corners offense of time management.

The first corner in this strategy is called Do it Now. The second corner is titled Decide When. The third corner is titled Delegate and the fourth corner is named Delete/ Dump.

•    Do it Now

•    Decide When (date Activate)

•    Delegate it

•    Delete Dump it

The remaining part of this article will review how to apply one tactic within the four corner strategy that carries the greatest value to individuals and teams. The four corner tactic with the greatest value is titled Decide When.

To understand the Decide When tactic in the four corners strategy one has to think in terms of a 90 degree drawing of  two lines on a piece of paper. (See figure 1)  On the vertical axis is all the 50 or so to do’s or what I call doable details. Each doable detail represents an X on the vertical axis line. Above the horizontal axis line one writes in seven names of the week Sunday to Saturday. Now instead of building a vertical what to do list on the vertical axis line you will slow down in the moment of choice and ask yourself these questions: what is this doable detail and when do I need to do it and where do I store it till I need it For example in the moment of choice on Friday morning I realize this is a memo that I need to reply to and write to Steve on Tuesday. Therefore, I move this doable detail to Tuesday’s list. Next I ask where I want to store the information till it is needed again? Since it is an e-mail I can insert it into to Steve’s contact record notes section or insert a hyperlink in the notes section. The net effect is I now have a horizontal when to do list versus a vertical what to do list.


horizontal

figure 1

Now think about the power of using this best practice process of date activating into a tool box like Microsoft Outlook, Lotus Notes, GroupWise or any CRM software program. One can get a sense that just using one of the four corner tactics like decide when, will allow you to make better choices in the moment, by slowing down to speed up. At the same time it gives you an opportunity to rapidly retrieve information from the future across the horizontal when to do list. This impact becomes even greater when one applies the best practice process of prioritizing the when to do list based on importance, highest values and urgency. Look for more best practice four corner tactics in future articles.

 

Get Back on the Court

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Productivity - Time management
Written by Duffy Christopher   

I once worked with a strong sales professional.  He was one of the top performers in the region, just below the President’s Circle winners.  He worked well with clients, was self-motivated and knew the products inside and out.  Somehow, he always just missed the top performer perks; the President’s Circle, the stock options, the bigger office.

One afternoon, I found him by the fax machine.  “I have to fax these forms to the client”

“I understand,” I said, “But can’t one of the assistants do that?”

“No, these have to be faxed to the right number or else this whole deal will be screwed up.”

“I know it’s important, but surely we can trust our staff to fax to the correct number.”  He thought for a moment – “No, I’d better do it myself.”

Does this seem ridiculous to you?  More likely, I bet it’s a little more close to home than you might like to think.  Volumes have been and will be written about time management.  There are any number of systems and processes to make your day run more efficiently.  I won’t go in to those here.  But one thing is clear: too often sales professionals can not delegate, even rudimentary tasks, for fear that it won’t get done right unless they do it themselves.

To a certain extent, this is by design.  After all, the sales assistant has much less at stake than the sales person.  The commissions, recognition and all the rewards go to the salesperson, so naturally she will be the one to care the most and be the most likely to get the job done.

On the business courtWhatever you sell, whatever your process, whatever resources you have available, be crystal clear on this point:  Whenever you are not speaking or meeting with a client you are reducing your paycheck.  It is that simple and there is no other way to look at it.  You are compensated based on the results of your interactions with clients – so more interactions lead to more business.

A top sales person uses the following example.  Imagine a tennis court.  At one end an automatic ball machine continuously shoots out tennis balls.  Inside each ball is money.  Inside some are nickels and dimes and others have $1, $5 or $50.  Every time you pick up one of those balls, you get the money inside.  How many of those tennis balls would you gather up every day?  The answer of course, is as many as possible.  Our strategies may be different; you may decide to identify only the high dollar tennis balls.  Or you could try to position yourself at a certain spot on the court.  There may be several very profitable approaches but one thing is certain: any time away from that tennis court reduces your paycheck.  That’s it.  There is no other way to look at it.

That’s not to say there aren’t very worthwhile pursuits off the court.  Catching your daughter’s soccer game or travelling with your family are all very valuable.  Skipping lunch isn’t necessarily a productive use of your time.  (After all, it is no sense being your firm’s top sales person if you die of malnutrition).  All sales people need to make decisions of when to conduct high value sales activities and when to do all the myriad tasks of life and career that don’t lead to sales.  It is ok to make these decisions – just make them consciously.

1) Is there any time during the day that you spend more than 30 minutes without speaking to a client or prospect?  Unless you have a particularly cumbersome project or very slow sales cycle, you should not be apart from clients that long.  If the 30 minutes is first thing in the morning – ask yourself  - “Is there truly no one I can speak with now?”  Are at least some of your clients early risers who may be available then?  If you are eating lunch alone,  “Is there no client who might be hungry now as well?”  Is your time really spent better reading the paper than eating with your client?  Set an alarm on your phone or watch to go off every half hour during the workday.  If you hear that beep twice without speaking with a client, you are missing opportunities.

2) What is the best time of day for you to speak with your clients?  Is your target market Doctors, Professors, College students?  What is the best time of day or week to speak with clients?  A top salesperson focuses on Dentists.  He finds that many dentists don’t work Monday mornings.  So he carefully sets up his week so that he is never unavailable to speak with clients on Monday mornings.  He never accepts office meetings, schedules training or does paperwork on Monday mornings.  If your clients do have specific access times, be very disciplined in protecting that time for client interactions.

3) What time works best for you? While your clients may have better times for interactions, salespeople also have better and worse times during the day.  For some, their best energy is first thing in the morning – so schedule breakfast meetings, get in early and get on the phones.  If you are a night person, schedule dinners and make late night calls.  If you sell nationally or internationally use time zones to your advantage.  Of course, your clients needs come first, but if possible, try to schedule as much time in front of clients for your best hours of the day.

In short, you are rewarded for the results of your client interactions.   Be very disciplined in focusing your time with clients and prospects.  Anything that takes you away from your clients cost you money.  When in doubt, get back on the tennis court.

 
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