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WHY YOU’RE
NOT PAID
WHAT YOU’RE
WORTH
Robert Craven – Dec 2011
Warwick Business School
www.directorscentre.com 2011
The Performance                                 (FiMO)


      Finance                  Marketing                    Operations


      turnover (sales/units)        advertising spend        output per person
      break-even point              selling effectiveness    output per machine
      gross profit margin           customer retention       age of equipment
      net profit margin             new accounts won         set-up times
      liquidity ratios              repeat business          down time
      ROCE                          new products             absenteeism
      debtor/creditor days          brand perception         staff turnover
      gearing/interest cover        (by competition)         staff training
                                    brand perception         defect rate
                                    (by customers)           performance advantage
                                    market position

2 www.directorscentre.com   2011
MORFA: Start-Up/Plan
   Market                        Objectives   Resources      Financials             Ability


Industry &                       targets/     operational    balance             existing
Market place                     define       needs          sheet &             appropriate
(PEST)                           success                     P & L projections   skill-set

our competitive                               economies of   cash flow           new
capabilities and opportunities   Who?         scale/scope    projections         skills
(SWOT)                                        information    loss                required

brand,                                        additional     finance &           leadership &
service &                        What?        needs          borrowing           commitment
delivery                                                     facilities

the                                           financial      contingencies       drive &
product                          Where?       resources                          focus


                                              human                              support
                                 Why?         resources                          neccesarry


                                              physical                           planning &
                                 When?        resources                          preparation


                                                                                 strategic
                                 How?                                            awareness


     www.directorscentre.com 2011
Which Sales Method is Most
Effective?
                 • Where do you get your results?
                 • Where do you spend your time and money?
                 • Where should you spend your time and money?




 www.directorscentre.com 2011   [The Directors’ Centre, Selling Survey, 03/04]
The Expert!




                                + an ‘ology’/system
                                + testimonials



www.directorscentre.com 2011
WHAT
   REALLY
 HACKS OFF
CUSTOMERS?
www.directorscentre.com 2011
WHY CAN’T
  YOU SELL
    MORE
   STUFF?
www.directorscentre.com 2011
www.directorscentre.com 2011
THE ADS
DON’T WORK
www.directorscentre.com 2011
www.directorscentre.com 2011
LAZY
    MARKETING
www.directorscentre.com 2011
Marketing Director?
1. Get more clients
2. Get them to buy more
3. Get them to buy more often
4. Stop them leaving
 so position/budget/targets…
www.directorscentre.com 2011
If You want to sell as much as you possibly
can and as often as you possibly can, the
formula is simple.
Find out what your customers really want
and sell it to them.
Make their lives easier.
Make their lives better.
Solve their problems.
Deliver their dreams to their doorsteps.
And watch your company grow beyond belief.
  www.directorscentre.com 2011     [Bob Serling]
WHAT IS
       YOUR JOB
      (what do you
      need to do)?
www.directorscentre.com 2011
WHAT IS
  YOUR JOB
    (from the
customer POV)?
www.directorscentre.com 2011
The Basics..
• What is your
  OVERT BENEFIT?
• What is the
  REAL REASON TO BELIEVE
  you can deliver?
• What is the…
  DRAMATIC DIFFERENCE?
www.directorscentre.com 2011   [Doug Hall]
WHAT
COULD/SHOULD
YOU BE DOING?
www.directorscentre.com 2011
WHAT IS
 THE USUAL
   (=boring)
WAY OF DOING
  THINGS?
www.directorscentre.com 2011
Thought Bubble…

“What is the biggest
 hassle or problem in
 using our
 product/service?”
 www.directorscentre.com 2011
Thought Bubble…
“Which customers could
 significantly increase
 usage, if only we
 remove one specific
 barrier?”
 www.directorscentre.com 2011
Thought Bubble…
“How would our
 product/service
 change if it were
 customised for
 every user?”
www.directorscentre.com 2011
Thought Bubble…
“Which technologies in
 our products/services
 have changed the most
 since it was last
 redesigned?”
 www.directorscentre.com 2011
WHY ARE YOU
NOT PAID
WHAT
YOU’RE
WORTH???
Robert Craven

www.directorscentre.com 2011
CUSTOMERS
DON’T THINK
YOU’RE
WORTH IT
www.directorscentre.com 2011
- They don’t
know you’re
worth it
www.directorscentre.com 2011
- You’ve not
proven you’re
worth it
www.directorscentre.com 2011
- You don’t
believe you’re
worth it
www.directorscentre.com 2011
- You believe
you’re worth
way too much
www.directorscentre.com 2011
YOU ARE
NOT ASKING
FOR THE
RIGHT FEE
www.directorscentre.com 2011
www.directorscentre.com 2011
The
                                problem is
                                 not that
                                we aim too
                                 high and
                                    fail,
                                  but that
                                we aim too
                                  low and
www.directorscentre.com 2011    succeed.
What is the message?
1. It is all your fault
2. Stop procrastinating
3. Speed is of the essence
4. Just do it NOW
5.Tough decisions + massive action
6. Simultaneous not sequential
7. DIY my foot! Can’t do it alone
www.directorscentre.com 2011
www.directorscentre.com 2011
Intellectual Property Rights and Copyright
Of ‘Grow Your Service Firm’ Materials
Copyright ©Robert Craven, 2011


The rights of Robert Craven of The Directors’ Centre as the Author of this Work has been asserted by
him in accordance with the Copyright, Designs and Patents Act, 1988.

This workbook has been distributed by Robert Craven subject to the condition that it shall not, by
way of trade or otherwise be lent, resold, hired out or otherwise circulated without the publisher’s
or author’s prior consent in any form of binding or cover other than that in which it is published and
without a similar condition including this condition being imposed on the subsequent purchaser.

Whilst every care has been taken in the preparation of this workbook, no responsibility for any loss
occasioned to any person acting or refraining from any action as a result of any material in this
publication can be accepted by the author or the publisher.

A catalogue record for the book is available from the British Library.

The Directors’ Centre,
1 The High Street, Woolley, Bath BA1 8AR
November 2011



  www.directorscentre.com 2011
The Directors’ Centre
• The Directors’ Centre – it
  works with the directors of fast-
  growing businesses who seek
  more sales and profit!!
• Grow Your Service Firm.
  Robert Craven.
  A limited edition imprint.          The Directors’ Centre Ltd
                                      1 The High Street, Woolley,
                                      Bath BA1 8AR
                                      T: 01225 851044
                                      E: rc@directorscentre.com
                                      W: www.directorscentre.com




www.directorscentre.com 2011

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Robert Craven Sales and Marketing presentation - 5 December

  • 1. WHY YOU’RE NOT PAID WHAT YOU’RE WORTH Robert Craven – Dec 2011 Warwick Business School www.directorscentre.com 2011
  • 2. The Performance (FiMO) Finance Marketing Operations turnover (sales/units) advertising spend output per person break-even point selling effectiveness output per machine gross profit margin customer retention age of equipment net profit margin new accounts won set-up times liquidity ratios repeat business down time ROCE new products absenteeism debtor/creditor days brand perception staff turnover gearing/interest cover (by competition) staff training brand perception defect rate (by customers) performance advantage market position 2 www.directorscentre.com 2011
  • 3. MORFA: Start-Up/Plan Market Objectives Resources Financials Ability Industry & targets/ operational balance existing Market place define needs sheet & appropriate (PEST) success P & L projections skill-set our competitive economies of cash flow new capabilities and opportunities Who? scale/scope projections skills (SWOT) information loss required brand, additional finance & leadership & service & What? needs borrowing commitment delivery facilities the financial contingencies drive & product Where? resources focus human support Why? resources neccesarry physical planning & When? resources preparation strategic How? awareness www.directorscentre.com 2011
  • 4. Which Sales Method is Most Effective? • Where do you get your results? • Where do you spend your time and money? • Where should you spend your time and money? www.directorscentre.com 2011 [The Directors’ Centre, Selling Survey, 03/04]
  • 5. The Expert! + an ‘ology’/system + testimonials www.directorscentre.com 2011
  • 6. WHAT REALLY HACKS OFF CUSTOMERS? www.directorscentre.com 2011
  • 7. WHY CAN’T YOU SELL MORE STUFF? www.directorscentre.com 2011
  • 11. LAZY MARKETING www.directorscentre.com 2011
  • 12. Marketing Director? 1. Get more clients 2. Get them to buy more 3. Get them to buy more often 4. Stop them leaving so position/budget/targets… www.directorscentre.com 2011
  • 13. If You want to sell as much as you possibly can and as often as you possibly can, the formula is simple. Find out what your customers really want and sell it to them. Make their lives easier. Make their lives better. Solve their problems. Deliver their dreams to their doorsteps. And watch your company grow beyond belief. www.directorscentre.com 2011 [Bob Serling]
  • 14. WHAT IS YOUR JOB (what do you need to do)? www.directorscentre.com 2011
  • 15. WHAT IS YOUR JOB (from the customer POV)? www.directorscentre.com 2011
  • 16. The Basics.. • What is your OVERT BENEFIT? • What is the REAL REASON TO BELIEVE you can deliver? • What is the… DRAMATIC DIFFERENCE? www.directorscentre.com 2011 [Doug Hall]
  • 18. WHAT IS THE USUAL (=boring) WAY OF DOING THINGS? www.directorscentre.com 2011
  • 19. Thought Bubble… “What is the biggest hassle or problem in using our product/service?” www.directorscentre.com 2011
  • 20. Thought Bubble… “Which customers could significantly increase usage, if only we remove one specific barrier?” www.directorscentre.com 2011
  • 21. Thought Bubble… “How would our product/service change if it were customised for every user?” www.directorscentre.com 2011
  • 22. Thought Bubble… “Which technologies in our products/services have changed the most since it was last redesigned?” www.directorscentre.com 2011
  • 23. WHY ARE YOU NOT PAID WHAT YOU’RE WORTH??? Robert Craven www.directorscentre.com 2011
  • 25. - They don’t know you’re worth it www.directorscentre.com 2011
  • 26. - You’ve not proven you’re worth it www.directorscentre.com 2011
  • 27. - You don’t believe you’re worth it www.directorscentre.com 2011
  • 28. - You believe you’re worth way too much www.directorscentre.com 2011
  • 29. YOU ARE NOT ASKING FOR THE RIGHT FEE www.directorscentre.com 2011
  • 31. The problem is not that we aim too high and fail, but that we aim too low and www.directorscentre.com 2011 succeed.
  • 32. What is the message? 1. It is all your fault 2. Stop procrastinating 3. Speed is of the essence 4. Just do it NOW 5.Tough decisions + massive action 6. Simultaneous not sequential 7. DIY my foot! Can’t do it alone www.directorscentre.com 2011
  • 34. Intellectual Property Rights and Copyright Of ‘Grow Your Service Firm’ Materials Copyright ©Robert Craven, 2011 The rights of Robert Craven of The Directors’ Centre as the Author of this Work has been asserted by him in accordance with the Copyright, Designs and Patents Act, 1988. This workbook has been distributed by Robert Craven subject to the condition that it shall not, by way of trade or otherwise be lent, resold, hired out or otherwise circulated without the publisher’s or author’s prior consent in any form of binding or cover other than that in which it is published and without a similar condition including this condition being imposed on the subsequent purchaser. Whilst every care has been taken in the preparation of this workbook, no responsibility for any loss occasioned to any person acting or refraining from any action as a result of any material in this publication can be accepted by the author or the publisher. A catalogue record for the book is available from the British Library. The Directors’ Centre, 1 The High Street, Woolley, Bath BA1 8AR November 2011 www.directorscentre.com 2011
  • 35. The Directors’ Centre • The Directors’ Centre – it works with the directors of fast- growing businesses who seek more sales and profit!! • Grow Your Service Firm. Robert Craven. A limited edition imprint. The Directors’ Centre Ltd 1 The High Street, Woolley, Bath BA1 8AR T: 01225 851044 E: rc@directorscentre.com W: www.directorscentre.com www.directorscentre.com 2011