Market Dominance Guys
Internal Alignment
Episodes
Wednesday Jul 17, 2024
EP234: Split-Second Sales: Mastering the Art of the Educated Guess.
Wednesday Jul 17, 2024
Wednesday Jul 17, 2024
In this episode of our Mental Models series, Chris kicks off by comparing sales processes to a manufacturing line, where quality at each step is crucial. But he quickly switches to a meatier topic: the role of "the guesser" in business decision-making. "Time is never our friend," Chris warns as he unpacks why every organization needs a designated decision-maker for those moments when the clock's ticking and information is scarce. He dives into the challenges of this role, from avoiding its use as a "political weapon" to ensuring the guesser has the trust and authority to act. Chris even draws parallels to a batter facing a pitch in the majors, illustrating the split-second nature of these decisions. Whether you're a sales leader or a professional navigating uncertain terrain, Chris's insights on decisive action in the face of uncertainty offer a fresh perspective on leadership and strategy in this episode, “Split-Second Sales: Mastering the Art of the Educated Guess.”
Wednesday Nov 01, 2023
EP202: Keeping Teams Future-Focused and Failure-Ready
Wednesday Nov 01, 2023
Wednesday Nov 01, 2023
In the last episode, our Sales sultans, Corey and Chris tackled the folly of chasing too many shiny objects. Now, Chris shares pragmatic insights on building resilient teams for the marathon versus the sprint. Should staff know the messy truths from day one? Chris believes people need full commitment to the mission.
Does solidarity trump balance sheet bravado when attempting bold new initiatives? Chris says, "I think people love to look at stuff because looking at stuff is lower risk than doing stuff. Doing stuff is very high risk. You could fail.”
As Corey noted, presentations often overlook the people who drive innovation. Corey reminds us, “The people elements, traits, personas don't live on the balance sheet.” Here’s a question posed, "When you go to a potluck, do you only eat the food you brought first?" Listen as they tackle tough topics like letting go of personnel clinging to the past versus embracing the unknown future in episode 202 of Market Dominance Guys, “ Keeping Teams Future-Focused and Failure-Ready.’
Full episode transcript below:
Wednesday Sep 27, 2023
EP198: Pruning the Unnecessary to Focus on Strengths
Wednesday Sep 27, 2023
Wednesday Sep 27, 2023
Corey and Chris continue their discussion about inertia and constraints. How can leaders identify hidden constraints shaping their strategy? What fosters innovation: centralization or decentralization? Can classic texts offer counter-cultural wisdom to elevate leadership today? Pulling insights from ancient to modern thinkers, Corey and Chris tackle these questions and more. They argue consolidation often hinders progress while decentralization promotes healthy competition. Chris advocates "divisionalizing" to optimize strategy. They explore conquering inertia, maximizing strengths by pruning the unnecessary and structuring for change. The curiosity continues in part two of this engaging conversation in this episode, "Pruning the Unnecessary to Focus on Strengths."
Full episode transcript below:
Wednesday Aug 23, 2023
EP193: Thriving in Market Turbulence - Tech Tango and Global Jigs
Wednesday Aug 23, 2023
Wednesday Aug 23, 2023
In this episode, Chris Beall, CEO of ConnectAndSell, discusses various challenges faced by B2B sales leaders in the modern business landscape. With Corey Frank, CEO of Branch49, absent from the co-host chair, Chris invited ChatGPT to take a seat. He starts by introducing the idea of asking ChatGPT about challenges in B2B sales. He touches on the challenge of coaching sales reps, particularly their first failure points in conversations. Chris explains how technology, such as the one developed by Symbl.ai, can help identify these first failure points and support reps in improving their performance.
Chris stresses that addressing these challenges requires a combination of strategic thinking, technological proficiency, people management skills, and deep industry understanding.
Some of the challenges covered include:
Adapting to Technological Change
Understanding Customer Needs
Compliance and Regulation
Maintaining Quality Lead Generation
Managing Sales Team Performance
Pricing Strategies in a Competitive Market
Cultural and Geographical Differences
Integrating Sales with Other Business Functions
Economic Uncertainties
Full episode transcript below:
Wednesday Apr 12, 2023
EP177: The Problem with Correlation in VC-Funded Companies
Wednesday Apr 12, 2023
Wednesday Apr 12, 2023
Chris and Corey discuss the dangers of correlation in the tech industry and the impact it can have on valuations. Chris explains how the venture capital industry is focused on headcount as a metric for success, leading to inefficient practices among funded companies. This correlation can create a house of cards effect, where the collapse of one company can trigger a chain reaction that affects the entire ecosystem. They also touch on the pre-chasm state of companies and the importance of finding visionary buyers who can provide the necessary funding without relying on rounds of financing. As a sales professional, it's important to understand the broader industry trends that can affect your company's success and plan accordingly. Chris and Corey's insights offer valuable perspectives on the challenges facing tech companies and how to navigate them. Listen to this episode of Market Dominance Guys, "The Problem with Correlation in VC-Funded Companies."
Corey Frank on LinkedInChris Beall on LinkedInBranch 49ConnectAndSell
Full episode transcript below:
Wednesday Feb 22, 2023
EP170: Sales Energy: The Importance of being an omnichannel salesperson
Wednesday Feb 22, 2023
Wednesday Feb 22, 2023
Chris Beall and Corey Frank welcome Gerhard Gschwandtner, the CEO of Selling Power and an advocate for non-verbal sales communication. Gerhard emphasizes the importance of being aware of one's own energy, as sales is a transfer of energy. They talk about the challenge of losing cultural underpinnings when not being on-site with customers and how finding the right connections that can help you learn and grow is important in gathering energy.
Chris, Corey, and Gerhard's experiences and insights provide valuable lessons for salespeople and individuals looking to improve their energy and become their authentic selves. They emphasize the importance of being aware of one's energy, using technology as a natural extension of oneself, finding the right connections to learn and grow, taking action and engaging with the world to build self-discovery, and accepting mortality to improve energy and focus in this episode of Market Dominance Guys, "Sales energy: The Importance of being an omnichannel salesperson."
Full episode transcript below:
Wednesday Jan 18, 2023
EP165: The Scarcest Commodity in Corporate Business Today
Wednesday Jan 18, 2023
Wednesday Jan 18, 2023
Revealing the scarcest commodity in corporate business, especially in America today, first requires an understanding of how we got there. Today Barry Trailer, Co-founder of Sales Mastery, joins Chris and Corey. He reviews the four levels of process implementation: the percentage of revenue, the target revenue plan attained, the percentage of reps meeting or beating quota, the outcome of forecast deals, and rep turnover. These are real numbers. But higher levels of relationship and higher levels of process implementation lead to higher levels of performance. And the numbers are just the numbers They continued talking about the turnover. There's a huge contributory factor to the failure to implement significant change on the part of most sales organizations other than the change that a new leader brings in.
What is common is that the new lion, so to speak, the new CRO, the new VP of Sales, comes in and kills the cubs. They attempt to prove that whatever was being done before must not be done anymore. Because I've come in with my new way of doing things and territory must be marked, I was brought in to do something in a new way, and away we go. When the performance isn't there, the CRO or the CSO takes the bullet that the CEO doesn't want to take. But the only reason is that there's been this unholy alliance or this unspoken agreement that as long as we make the numbers, you'll stay out of my sandbox. Listen to this episode to see where your company falls in place in, “The Scarcest Commodity in Corporate Business Today.”
Full episode transcript below:
Monday Jan 09, 2023
EP164: The Power of Finesse and the Bullfighter
Monday Jan 09, 2023
Monday Jan 09, 2023
In this follow-up to last week’s, “The Theory of Constraints and Ice Cream” Chris reminds us that all talent problems are wrapped up in lots of politics. And it turns out the key to all of this, whether you're like Corey and Chris and your company provides a discontinuous innovation. Something that naturally could bring change too fast or if you are the leader and something needs to change because it's the constraint and it's time to go after it no matter what. If you fail the finesse test, you fail all the tests. Because then the politics turn on you. And quite rightly, by the way.
Finesse is a very elegant way of describing the search process, reading the signals, reading the tea leaves, and understanding where the constraints are. Understanding that in this discontinuous innovation process, you're going to have of extraneous pipeline that's going to come in very rapidly at a flow rate that you’re not used to. And finesse is, as a way to almost like when you see a bullfighter, they have this big two 3000 pound beast that's bearing down at you and bull bullfighter. And he just finesses his way from one to the next and dances and it's a glorious thing to see in action where internally they may be sweating.
People underestimate the power of finesse and the reason that you need it. We are all machines when we sell, we're a machine that turns a potential opportunity into something that's taking a next step. That's all we do. So the more mathematically you are, that is, if you're listening to this and you're going, yeah, gold red theory of constraints I'm in, I'm in. Right? You probably need to spend more of your life thinking about and exercising the finesse components. Listen to this episode, “The Power of Finesse and the Bullfighter.”
If you missed the first part of this conversation, "The Theory of Constraints" you can catch up here.
Full episode transcript below:
Tuesday May 31, 2022
EP134: Is Sales the Real Problem?
Tuesday May 31, 2022
Tuesday May 31, 2022
If a company isn’t experiencing success, the finger of blame is usually pointed at the sales department. Ed Porter, the fractional Chief Revenue Officer of Blue Chip CRO, is here to say that it ain’t necessarily so. Ed joins our Market Dominance Guys, Chris Beall and Corey Frank, on today’s podcast to talk about his experience in helping companies ferret out the real culprits — and it’s not always the sales reps. In exploring the problem with his own customers, Ed has discovered that marketing and customer success are often the departments that need some repair or fine-tuning. He wholeheartedly agrees with one of Chris’ maxims: In a cold call, “technology amplifies ‘suck’,” which is what you’ll see if there’s a technology-provided increase in your cold-calling speed but there’s no company alignment of messaging, training, coaching, and follow-up. So, take Ed’s advice for business trouble-shooting and ask yourself the question posed by today’s Market Dominance Guys’ title, “Is Sales the Real Problem?”
About Our Guest
Ed Porter is a fractional Chief Revenue Officer for Blue Chip CRO, providing coaching and strategy planning services for executives and startups, and helping them rethink and refocus revenue strategies to accelerate growth. He assists his clients in aligning their revenue teams — marketing, sales, enablement, and customer success — to build accountability at every step of their organization, leading to accelerated and sustainable growth. Ed is also an investor and advisor to startups in the Columbus area.
Connect with Ed Porter on LinkedIn