New Year’s resolutions for optimum commercial performance in 2021
To ensure your sales team have the best possible chance of hitting the ground running in 2021, it is critical that, from a sales leadership perspective, you set yourself five key New Year's resolutions:
Your five New Year's resolutions:
- Get organised
- Set clear objectives
- Incentivize and reward
- Train and develop
- Measure, evaluate and support
Are your sales team ready for the challenges of 2021, in order to achieve the businesses goals and objectives? Will the sales targets you set, for each of them, achieve your overall sales objective for 2021? Make sure that they are challenging but ultimately fair and achievable.
Have you got the right people with the right skills and behaviours, in the sales team, to achieve the targets and goals that you have set? If not, a training and development plan and possibly a recruitment plan will be required.
Set clear objectives
Goals and objectives are critical in focusing your sales team on what they need to do and where to focus the activity. Getting the team aligned with your overall business objectives and setting common goals creates the focus required to develop a winning mentality within the sales team. Setting those relevant goals with meaningful rewards will also provide the stimulus drive your team towards adopting ‘best practice’ sales behaviours.
Incentivize and reward
Getting incentives, commission and bonuses right is very important. Are you rewarding the right behaviours - the ones that you know your sales people need to exhibit in order to succeed in achieving your overall 2021 sales objectives.
Help your salespeople to model their potential achievements and earnings for 2021, based on meeting the key sales objectives you have set them. Help them identify the customers and opportunities which offer them the best chance of attaining their objectives, by the fastest possible route.
Best practice behaviours should be recognized in relevant context in your sales process, so that your salespeople can see the impact, and potential impact, of their behaviour in generating desired results and rewards.
Train and develop - train, coach, mentor
First of all evaluate skills gaps in your sales team, against the competencies that you believe are needed for them to meet your 2021 targets, goals and objectives. This can be done during coaching sessions, via Key Performance Indicators (KPIs) or, for a more objective analysis, via an online assessment centre.
Best practices should be identified through KPIs, and from agreeing with your team exactly what 'best practice' looks like.
You can then ensure that any group sales training or individual coaching that you deliver focuses precisely on those skills gaps. You can then benchmark, evaluate and measure improvement in those key skill areas.
Alongside any coaching or training, you can also set individual activity plans to improve performance, which can then be worked on specifically during coaching sessions, making them even more impacting.
Measure, evaluate and support
Through the use of good Key Performance Indicators, which measure the key sales team interventions within your sales process, you can measure, evaluate and support your sales team. Ensuring best practice is replicated throughout the team.
You will also have better visibility of individual sales pipelines which will lead to more accurate forecasting.
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