By Cheryl Powers
The Key to Premium Enterprise Value: Autonomy from Ownership
With all of its crispness and snowy goodness, winter is the perfect time to increase your company's value.
Top-tier companies are distinguished by their ability to operate independently of their owners. This autonomy is a critical factor in enterprise value; businesses running on autopilot command premium prices, while those overly reliant on their owners face significant valuation discounts....
by Cheryl Powers
Ever found yourself obsessing over Google Analytics, fretting every time there's a minor dip in your website traffic? You're not alone. We're living in an era where many businesses have become heavily reliant on Google for their lead flow. Here's why this is problematic:
Sole Reliance: Relying on a single lead source is risky. If there's an algorithm change or if your SEO falters, it could cripple your business.
Unpredictability: Algorithms are constantly changing. What works...
As a business owner, it can be difficult to know how to prepare in the face of the looming economic downturn of 2023. But with the right focus and strategies and network, you can not only survive but you can thrive in the challenging environment ahead.
Here are some key areas that will help you find success in 2023:
Most owners and CEOs want to know how to hire top-performing salespeople for their companies. What they often fail to realize is that what's getting in their way is their process and their beliefs about what top performance means to their specific sales roles.
A poorly designed, one-size-fits-all process is responsible for sales hiring mistakes that are costing you to forfeit the very best sales talent available to you for each role. And it is...
by Cheryl Powers
Salespeople come with different levels of skills and competencies but some - even highly skilled sales professionals - have hidden beliefs about how business, life, sales, and money that will be detrimental to your revenue growth if you don't help correct them. Some combinations of self-limiting beliefs can be a sure sign that a salesperson will not succeed in their role, no matter what sales skills or sales knowledge they possess. Being able to spot...
3 Game-Changing Reasons To Offer A Subscription
by Cheryl Powers
There are as many reasons to offer a subscription service to your customers as there are subscription models. And if we've learned anything from companies like Amazon, Netflix, Dropbox, Salesforce, and others it's that customers value having what they want when they want it.
The days of renting a movie at your local Blockbuster store were replaced by the ATM-like Redbox movie rental, which has now been replaced by choosing...
by Cheryl Powers
In the Beginning
I remember how I felt in my first business.
I was:
I thought it was the best job in the world, despite the fact that I was working 70-80 hour weeks. I was young, energetic, and ready to take on the world.
It Took Its Toll
A few years of six days a week travel put that in perspective. Soon I was tired and seemingly...
By Cheryl Powers
Daphne and Tom started their business to serve customers, create financial freedom, and give back to the community they loved.
What they never imagined is 10 years after launching their company, Daphne would still be responsible for revenue and would be her company's top salesperson, while Tom played sales manager to a team of culturally perfect but ineffective salespeople.
Despite hiring dozens of salespeople over the years, none...
by Cheryl Powers
Everything has changed except the way your salespeople sell, and that's a big problem.
Listen, I love salespeople. I love sales leaders. I love the profession of sales. So don't take this the wrong way because this is coming from a place of real caring.
Your salespeople are missing a golden opportunity.
Salespeople should be doing everything they can to connect with prospects and customers, build trust, forge relationships, and stand out as a valuable and valued trusted...
By Cheryl Powers
Your Sales Leaders play a pivotal role in a company’s ability to reach targets and satisfy the needs of their customers and their shareholders.
That means their primary job is to put your products and services in the hands of more of the people who will use them to solve their biggest problems while creating profits for the people who own the company.
That’s a problem when most sales managers haven't been trained for and don’t qualify for the...
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