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How To Get Out of the Sales Role and Build Your Company's Value

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How To Get Out of the Sales Role and Build Your Company's Value

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You've played a big role in building your company by being highly involved in the sales process. But now your primary focus needs to be continuing to build the company's value. How do you successfully turn over the keys to sales? We offer some tips in making the transition easy.

You've played a big role in building your company by being highly involved in the sales process. But now your primary focus needs to be continuing to build the company's value. How do you successfully turn over the keys to sales? We offer some tips in making the transition easy.

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How To Get Out of the Sales Role and Build Your Company's Value

  1. 1. How to Get Out of the Sales Role Build Your Company’s Value and
  2. 2. If you’re a CEO or business owner and reading this, chances are good you have a dilemma on your hands.
  3. 3. You know you’re supposed to be doing much more with your business, but you also know if you’re not selling, nothing else matters.
  4. 4. What’s the solution?
  5. 5. You have to get out of the sales role.
  6. 6. What’s the problem?
  7. 7. You’re scared to give it up.
  8. 8. You want to get out of the sales role, but you don’t have the confidence that anyone else can take care of it like you can.
  9. 9. After all, no one’s handled different situations with your business like you have, so no one else has the knowledge that you do, right?
  10. 10. This is a horrible mindset if you are serious about growing and scaling your business.
  11. 11. There’s only one you, after all.
  12. 12. A CEO or business owner should be focused on the big picture. You want to be working on your business more than in your business.
  13. 13. Furthermore, if your company is relying on you for most of your sales, it will be nearly impossible to build a valuation that allows you to exit and put your company in a good position to survive after you leave…
  14. 14. …especially if you’re hoping to hand your business down to the next generation.
  15. 15. According to the Harvard Business Review, “some 70% of family- owned businesses fail or are sold before the second generation gets a chance to take over. Just 10% remain active and privately held companies for the third generation to lead.”
  16. 16. Those are some scary numbers.
  17. 17. So what’s preventing you from getting out of the sales role and building your company’s value?
  18. 18. A consistent, repeatable, documented sales process. It’s the crucial element for getting out of the sales role.
  19. 19. Plus, creating one will set the next CEO or business owner up for success.
  20. 20. Documenting your process might sound like a difficult task, but it’s important. If you can’t quite wrap your arms around it or are having a difficult time putting it on paper, a consulting firm can help.
  21. 21. Either way, get it done.
  22. 22. Once you have a documented sales process, you can focus on the first part of your eventual exit strategy: getting out of the sales role.
  23. 23. Here are some ideas on how to do this–
  24. 24. #1: Recruit executive sales leadership Whether it’s internal or external, find someone who can use the sales process as a point of reference and take sales off your hands.
  25. 25. #2: Pursue sales and mentorship programs Even if you don’t think someone has 100% of the skills required to gain your confidence, if they’re a culture fit, you can always mentor them.
  26. 26. #3: Outsource sales leadership Whether temporary or permanent, outsourcing your executive sales leadership is another option. People in these roles typically have a wealth of sales experience.
  27. 27. #4: Hire the right salespeople. A sales leader is only as good as the people he or she is leading. Ensure you have a good culture, understand the culture and hire the right people for that culture.
  28. 28. #5: Have a scalable sales infrastructure in place. Just as having a consistent, repeatable sales process in place will set the person in the new sales role up for success, having a scalable sales infrastructure will make sure the transition is smooth.
  29. 29. Once you get out of the sales role, you can build your company’s value.
  30. 30. How? Here are ways:3
  31. 31. #1: Focus on new product innovation, new product launches, alliances/partnerships and everything else financially related to capitalize the business for growth. You can now put more energy into it since you’re out of the sales role.
  32. 32. #2: Fine-tune your sales processes to be repeatable for each salesperson. The valuation of the company will increase if there are repeatable sales processes in place.
  33. 33. #3: Work on the business instead of for the business. Instead of focusing on short-term goals like sales, you can now focus on the long-term value of your company.
  34. 34. According to Inc., 96% of businesses fail in 10 years. Make sure your business is in the 4% that don’t.
  35. 35. Get out of the sales role and start building your company’s value.
  36. 36. Was this deck helpful? Let us know in the comments below!
  37. 37. Need help putting a plan together? Let us walk you through it. 360consultingdfw.com Contact Us

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