When Satya Nadella, CEO of Microsoft, took on the job, he was told by Steve Ballmer, the retiring CEO to... "Be bold and be right. If you’re not bold, you’re not going to do much of anything. If you’re not right, you’re not going to be here.”
That phrase about planning comes from the infamous Mike Tyson decades ago, and it came immediately to mind over the last two weeks as I listened to the unfolding 5G fiasco after ten years of planning for a much-anticipated rollout.
Tyson's plan was always to be to be the brawler, the bruiser, the biggest and ultimately the baddest guy in the ring which he demonstrated to the extreme by biting off the ear of Evander Holyfield in a title fight. Not much of a plan, but maybe it was.
More importantly to the fiasco of the 5G plan...
Tags: sales and marketing best practices, how to write a business plan, marketing plans, how to write a marketing plan, how to write a sales plan, writing sales plans, 2022 business planning, 2022 sales planning
Super packed weeks now leading up to the Thanksgiving break followed by added intensity on closing the year and delivering solid 2022 business, sales and marketing plans to the board in December.
Always have as your guide the simple fact that no plan is ever perfect, and that most often, it's the planning process of working together as a team, breaking down the walls and agreeing to focus on customer value which is the most important output.
At this time of year, we're running two or three planning sessions every week, and I thought that it might be helpful to take a more strategic and less tactical view of the winning value adders we're hearing about and working on this fall. There's no priority in the following bullets, and I'm very happy to add detail if you want to book some no cost time to discuss.
- Increased direct contact with prospects and customers
We're seeing Sales travel budgets for 2022 are increasing by more than 25% over 2021. Even though virtual meetings are much easier than in 2020 and added tech tools are coming on board very quickly, there's an increased push to travel. Much better planned and sharply limited to who travels, but travel is back especially for C level senior management. Our best companies are planning that 40% plus of the CEO's time will spent F2F with customers and prospects.
- Formal, more tightly defined WFH hybrid policies
20% of our customers have been working fine with no physical office for two years and plan to operate that way in 2022 into 2023. The best of the others have formal definitions with "shifts" of fixed 3/2 or 2/3 days a week detailed by department. The more smoothly operating with less personnel conflict problems also have mandatory vaccines policies. Yes, they have lost some employees, but that is now behind them and hiring plans are in place.
- Tighter market category, geo and size focus
If 2019 was "expansion", and 2020 was "hunker down" followed by "caution" in the first six months of 2021, what we are seeing for 2022 is very narrow organic growth definitions on sub-categories of market size, and tighter definitions of geographies. Cities, not regions or territories. Redefining "mid-market" on very tight definitions of employee counts/revenue/
- Sales & Marketing Processes
More and more fluency and much quicker adoption of formal Sales & Marketing processes anchored in highly integrated CRM and CMS platforms with the top choices being SFDC, MS Dynamics and our personal favorite Hubspot. Along with these processes, enhanced training and certification requirements for all salespeople.
- Strategy is nice, but tactics are critical
A "strategy" example for a primary 2022 initiative might be the adoption of a territory re-alignment or the beefing up the implementation tactics for an existing sales partnership model. Having said that 90% plus of the planning work we're seeing this fall is execution detailing of the Sales & Marketing basics with fingers-in-the-dirt definitions in the clarity of redefined Sales and Marketing playbooks, templates, and tech tools
- Increased focus on speed and agility
A question I was asked yesterday in a two-day Sales planning session was "rather than the second week in January, can we get this done by December 6th? My initial thought, given the huge amount of detailing that now needed to be done, was that "it couldn't be done" , followed in a minute, by "let's work to that date, roll out what we have and fill in the rest of the detailing in early January". In this case, we will double down on the assignments, and I'll bring in 3 or 4 of my interns do complete the research, the interviews and build out the Hubspot tools.
That's it for this AM working out of Boston's Back Bay this morning with an 8:00 AM start to the second day of our sales process building. A very exciting company with highly engaged and experienced management razor focused on 2022 objectives with a need to re-architect and build tighter processes and tools while tightening up on increased responsibilities. Wicked exciting, and just a great way to start the day!
Have a great day selling today!
If at any time, you have a need for a confidential sounding board for your 2022 planning process, just connect with me! Text or email me, and I'll quickly set up a call. I'm a very good listener, and we can get deep into tactics if you want. Obviously, no cost for a call or two; just an opportunity to listen intently and make a few recommendations based on decades of experience.
Tags: sales coaching, how to write a sales plan, sales effectivness, writing sales plans, sales readiness, forgetsalesstrategyfocusontactics, Derby Entrepreneurship Center@Tufts, 2022 business planning
This past Wednesday, I started to see a few hundred downloads of my ebook on "Writing the Winning Business Plan", and then a few hundred more on Thursday, and already early this AM, lots of detailed questions from readers. Then I realized that it's that time of year that new students in the MITx course on business planning were gearing up, and this is a core read. The book is also used in my own teaching every fall at MIT in the ME course taught by Dr. Chun, who asked me 21 years ago if I could assist in teaching a few business principles to his undergrad and grad students. That exciting experience, which continues every fall at MIT, also led me to the opportunity to teach at Tufts 16 years ago.
As you know, I love Vermont and spend about 30% of my time working from there with more time on the weekends doing what every Vermonter does: shovel snow, rake leaves, tend my woodlot and plant gardens. Plus, every time I'm there, including this weekend, I always take some time out to admire the unique beauty of Vermont by walking down to the river or just looking across to the now-turning leaves on the other side of the pond just up the road a piece.
Six generations of my family before me were born and lived in this same valley, and although I call myself "a Vermonter", I always leave out the fact that I was born and lived my early years in a tough neighborhood on the south side of Chicago. Maybe I'm "a-kind-of Vermonter" since I've lived in this same valley for 50 years, but I do know my place in that I am not "a true Vermonter". Those are Vermont Rules!
Just before we jump into the deep end of the pool next Tuesday, it might be worthwhile to think about approaching this year's planning season by looking out over two horizons and dividing your business plan into both the first and second halves of 2022.