SlideShare une entreprise Scribd logo
1  sur  20
The High Cost of
Poor Forecasting

Bruce Ellis | President | Bee Group
Introductions



                Bruce Ellis
                President & CEO
                Bee Group, Inc.




                  © The TAS Group 2012
Poll #1

How accurate are your Sales Forecasts?

A: 80% +
B: 60% - 80%
C: 40% - 60%
D: Less than 40%
E: What’s a Sales Forecast?




                          © The TAS Group 2012
Romania may get even tougher on witches




                 © The TAS Group 2012
The Threat
A month after Romanian authorities
began taxing them for their trade, the
country’s soothsayers and fortune
tellers are cursing a new bill that
threatens fines or even prison if their
predictions don’t come true.



Would fines or punishment make Sales Forecasts more accurate?




                              © The TAS Group 2012
Sales Rep Response

 • Dudley Do-Right

 • Over-Achiever

 • The Sand-Bagger

 • Rebel Without a Clause

 • Ghost-Rep




                     © The TAS Group 2012
Poll #2
How much time do you spend on your Sales Forecast?


A: Not very much – No problem
B: I wish I could spend less time
C: I spend way too much time
D: I try to get through it as fast as I can, but the data is not
   accurate




                               © The TAS Group 2012
The Organizational Approach

  • No Bad News

  • Over-Assign Quota

  • Feet-to-the Fire

  • The Gambler




                        © The TAS Group 2012
The Excuses
Superstition, the Associated Press notes, is a
serious matter in the land of Dracula, and at
least one witch argues that practitioners
shouldn’t be blamed for the failure of their
tools.

“They can’t condemn witches, they should
condemn the cards,” queen witch Bratara
Buzea tells the AP.

She also says witches shouldn’t be blamed
for bad predictions if clients don’t provide
their real identifies or dates of birth.




                                 © The TAS Group 2012
The Excuses… Continued


• Don’t Blame Me… Blame the Tools

• But, we have a CRM

• Blame the Customer




                       © The TAS Group 2012
Poll #3

How Confident are you about your Sales Forecast?

A: Our Forecast is Universally Trusted
B: Our Forecast is Not Universally Trusted




                           © The TAS Group 2012
Sales Forecast Confidence & Sales Performance




                   © The TAS Group 2012
Barriers to Effective Sales Forecasting




                    © The TAS Group 2012
Forecast Analysis is a best practice




                    © The TAS Group 2012
Predictive Analytics Increases Quota
Achievement




                   © The TAS Group 2012
What shall we do?
•   Sales Process & Sales
    Methodology
•   You have to “Nail your Sales
    Process”
•   Map sales activity to buyer
    behavior
•   Identify “choke points” where
    the sales cycle slows
•   Replace intuition based
    forecasting with fact-based
    predictive analytics




                            © The TAS Group 2012
© The TAS Group 2012
Free Resources
• www.dealmakerindex.com
 Score your sales effectiveness. Get advice. See how you compare.

• www.dealmakergenius.com
 Create a customized sales process.

• www.dealmaker365.com
 Read our blog featuring insights on sales effectiveness.

• @dealmaker365
  @thetasgroup
 Follow us on Twitter.

• www.thetasgroup.com
 Learn more on our website.

                                  © The TAS Group 2012
Where You Can Find Us




 www.thetasgroup.com                           www.beegrp.com
 • US 866.570.3836                             • US 855.921.0022 | 720-921-0022
 • UK 01189 253 251                            • info@beegrp.com
 • International +353 1 631 6140               • Twitter: @beegrp
 • marketing@thetasgroup.com                   • Blog: www.beegrp.com/blog
 • Twitter: @thetasgroup




                                   © The TAS Group 2012
The High Cost of Poor
Forecasting

Bruce Ellis | President | Bee Group

Contenu connexe

Plus de Altify

15 Leadership Thoughts
15 Leadership Thoughts15 Leadership Thoughts
15 Leadership Thoughts
Altify
 

Plus de Altify (20)

The Top 3 Reason Why Your Account Planning Process is Broken (And How To Fix It)
The Top 3 Reason Why Your Account Planning Process is Broken (And How To Fix It)The Top 3 Reason Why Your Account Planning Process is Broken (And How To Fix It)
The Top 3 Reason Why Your Account Planning Process is Broken (And How To Fix It)
 
Webinar | Sustaining Sales Transformation Value
Webinar | Sustaining Sales Transformation ValueWebinar | Sustaining Sales Transformation Value
Webinar | Sustaining Sales Transformation Value
 
How Great Sales Managers Minimize Risk to Maximize Impact
How Great Sales Managers Minimize Risk to Maximize ImpactHow Great Sales Managers Minimize Risk to Maximize Impact
How Great Sales Managers Minimize Risk to Maximize Impact
 
Webinar | Fail Early, Win More. The Strategy Behind Opportunity Management
Webinar | Fail Early, Win More.  The Strategy Behind Opportunity ManagementWebinar | Fail Early, Win More.  The Strategy Behind Opportunity Management
Webinar | Fail Early, Win More. The Strategy Behind Opportunity Management
 
Sales And Marketing Alignment: The Good, The Bad, and The Ugly
Sales And Marketing Alignment: The Good, The Bad, and The UglySales And Marketing Alignment: The Good, The Bad, and The Ugly
Sales And Marketing Alignment: The Good, The Bad, and The Ugly
 
Account Planning in Salesforce: Trending in 2015
Account Planning in Salesforce:  Trending in 2015 Account Planning in Salesforce:  Trending in 2015
Account Planning in Salesforce: Trending in 2015
 
Webinar | Bridging the Buyer / Seller Credibility Gap
Webinar | Bridging the Buyer / Seller Credibility GapWebinar | Bridging the Buyer / Seller Credibility Gap
Webinar | Bridging the Buyer / Seller Credibility Gap
 
Webinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact HoursWebinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact Hours
 
10 Things every Sales Manager Should Know about Sales Performance
10 Things every Sales Manager Should Know about Sales Performance10 Things every Sales Manager Should Know about Sales Performance
10 Things every Sales Manager Should Know about Sales Performance
 
Webinar | Opportunity Management - Mind the Reality Gap
Webinar | Opportunity Management - Mind the Reality GapWebinar | Opportunity Management - Mind the Reality Gap
Webinar | Opportunity Management - Mind the Reality Gap
 
15 Leadership Thoughts
15 Leadership Thoughts15 Leadership Thoughts
15 Leadership Thoughts
 
Your 2015 State of the Union
Your 2015 State of the UnionYour 2015 State of the Union
Your 2015 State of the Union
 
Webinar | Access Key Players - Improve Your Win Rate
Webinar | Access Key Players - Improve Your Win RateWebinar | Access Key Players - Improve Your Win Rate
Webinar | Access Key Players - Improve Your Win Rate
 
Webinar | Win the Deals You're Working
Webinar | Win the Deals You're WorkingWebinar | Win the Deals You're Working
Webinar | Win the Deals You're Working
 
Webinar | Account Planning: Reject the 57%
Webinar | Account Planning: Reject the 57%Webinar | Account Planning: Reject the 57%
Webinar | Account Planning: Reject the 57%
 
9 elements of a smart call plan
9 elements of a smart call plan9 elements of a smart call plan
9 elements of a smart call plan
 
Battling the 57%
Battling the 57% Battling the 57%
Battling the 57%
 
Sales Metrics That Matter
Sales Metrics That MatterSales Metrics That Matter
Sales Metrics That Matter
 
10 Things Every Sales Manager Should Know About Sales Performance
10 Things Every Sales Manager Should Know About Sales Performance10 Things Every Sales Manager Should Know About Sales Performance
10 Things Every Sales Manager Should Know About Sales Performance
 
Webinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High RiskWebinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High Risk
 

Dernier

Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 

Dernier (20)

UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTSJAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 

Sales Webinar | The High Cost Of Poor Forecasting

  • 1. The High Cost of Poor Forecasting Bruce Ellis | President | Bee Group
  • 2. Introductions Bruce Ellis President & CEO Bee Group, Inc. © The TAS Group 2012
  • 3. Poll #1 How accurate are your Sales Forecasts? A: 80% + B: 60% - 80% C: 40% - 60% D: Less than 40% E: What’s a Sales Forecast? © The TAS Group 2012
  • 4. Romania may get even tougher on witches © The TAS Group 2012
  • 5. The Threat A month after Romanian authorities began taxing them for their trade, the country’s soothsayers and fortune tellers are cursing a new bill that threatens fines or even prison if their predictions don’t come true. Would fines or punishment make Sales Forecasts more accurate? © The TAS Group 2012
  • 6. Sales Rep Response • Dudley Do-Right • Over-Achiever • The Sand-Bagger • Rebel Without a Clause • Ghost-Rep © The TAS Group 2012
  • 7. Poll #2 How much time do you spend on your Sales Forecast? A: Not very much – No problem B: I wish I could spend less time C: I spend way too much time D: I try to get through it as fast as I can, but the data is not accurate © The TAS Group 2012
  • 8. The Organizational Approach • No Bad News • Over-Assign Quota • Feet-to-the Fire • The Gambler © The TAS Group 2012
  • 9. The Excuses Superstition, the Associated Press notes, is a serious matter in the land of Dracula, and at least one witch argues that practitioners shouldn’t be blamed for the failure of their tools. “They can’t condemn witches, they should condemn the cards,” queen witch Bratara Buzea tells the AP. She also says witches shouldn’t be blamed for bad predictions if clients don’t provide their real identifies or dates of birth. © The TAS Group 2012
  • 10. The Excuses… Continued • Don’t Blame Me… Blame the Tools • But, we have a CRM • Blame the Customer © The TAS Group 2012
  • 11. Poll #3 How Confident are you about your Sales Forecast? A: Our Forecast is Universally Trusted B: Our Forecast is Not Universally Trusted © The TAS Group 2012
  • 12. Sales Forecast Confidence & Sales Performance © The TAS Group 2012
  • 13. Barriers to Effective Sales Forecasting © The TAS Group 2012
  • 14. Forecast Analysis is a best practice © The TAS Group 2012
  • 15. Predictive Analytics Increases Quota Achievement © The TAS Group 2012
  • 16. What shall we do? • Sales Process & Sales Methodology • You have to “Nail your Sales Process” • Map sales activity to buyer behavior • Identify “choke points” where the sales cycle slows • Replace intuition based forecasting with fact-based predictive analytics © The TAS Group 2012
  • 17. © The TAS Group 2012
  • 18. Free Resources • www.dealmakerindex.com Score your sales effectiveness. Get advice. See how you compare. • www.dealmakergenius.com Create a customized sales process. • www.dealmaker365.com Read our blog featuring insights on sales effectiveness. • @dealmaker365 @thetasgroup Follow us on Twitter. • www.thetasgroup.com Learn more on our website. © The TAS Group 2012
  • 19. Where You Can Find Us www.thetasgroup.com www.beegrp.com • US 866.570.3836 • US 855.921.0022 | 720-921-0022 • UK 01189 253 251 • info@beegrp.com • International +353 1 631 6140 • Twitter: @beegrp • marketing@thetasgroup.com • Blog: www.beegrp.com/blog • Twitter: @thetasgroup © The TAS Group 2012
  • 20. The High Cost of Poor Forecasting Bruce Ellis | President | Bee Group