Posts belonging to Category Entrepreneurs



For 2015 Goal #1 – Be In The Top 20%

When you get out of survival mode, you have a chance to think about how to be successful as you wade through a sea of obstacles.  You will never be remembered unless you can crack the elite.  You have heard about this (Pareto’s Principle) before but now internalize it and …be in the 20%.

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If you are in sales you have most likely heard about the following phrase:

“80% of your production comes from 20% of your sales force”

You may also have heard this phrase:

“20% of your sales activities will generate 80% of your sales results”

I am quite sure that you have heard both of these.  More importantly you should figure out a way to make both of statements work for you.

Before we start examining that, we would like to recognize Vilfredo Pareto (1848 – 1923) of Italy who started this all in 1906.  He used it initially to explain the fact that 80% of the wealth of his country was in the hands of 20% of the population, also known as the rich.  This is called Pareto’s Principle and you may also hear of it as the ’80-20 Rule’.  It is used in everything from sales, to sports, to personal relationships, and of course wealth.

I have found this principal to be correct for the most part and that is why I’d like to take some time to examine it. Stated simply, a small number of are responsible for a large percentage of the effect.  Most examples use a figure of 20 to 80 or 20:80.

It is exact?  Of course not, but it simple and easy to understand that the relationship between what we put in, and what we get out, is not balanced.

Be the Best!

Successful Black sales professionals stand out.  If you are able to perform at a level that makes you a valuable asset to your employer, you are to be commended, as the ‘environmental’ resistance (general economics, racial preference, and racial prejudice) that you encounter is omnipresent.

Being successful is not enough as your objective is to be the best, and that designation does not recognize race.  To be the best, you need to be in the top 20%.  If you are making money that is fine as well, but overall you still need to be in the top 20%.

Strategies to make it there are important.  Remember, whether you are struggling, or currently successful, if you want to change the result, you must change your behavior!

Here are a few activities that will help vault you to the top:

Read them and select one or two (or several) and give them a try.

Increase your Effectiveness

The second phrase at the beginning of this document illustrates the 80:20 rule of the Pareto Principle by indicating as stated earlier that what we put into something might not be what we eventually get out.  Put primary priority on the items that increase your effectiveness. Recognize that your efforts need to favor those activities that “make a significant difference”.

Author and self-effectiveness guru Steven Covey urges us to “Put first things first”.  Indicating that you should undertake your activities on the basis of importance rather than urgency.

This would mean that you would spend working hours doing some of your important prospecting, and move your expense account (something I was terrible at) preparation to the evening.  It would mean that you would spend valuable time doing customer problem solving first, relationship building next, then the various and sundry activities that are urgent, but not important.

Below I’ve listed some good suggestions with links to past BSJ posts that will make a difference in moving into or staying in the 20%.

There is a lot of information here, yet the most important part of the process is to recognize the importance of changing something.  If you want to change the results, you must change your behavior.  Remember, ‘you can lie about the numbers, but the numbers don’t lie.’

For 2015 change something! Be the best, and always be effective!

The 3 Unmentionables for the Black Sales Professional!

As a Black sales professional in a white business world, you have plenty of chances to interact at work and socially, with coworkers and management. In many cases this interaction can either help create, or destroy, the persona that you want to project.  You would be amazed how many people start a conversation and quickly discover that they don’t want to be there.  You cannot put tooth paste back in the tube!

The 3 Unmentionables

No matter what your level of comfort with certain topics, I suggest you avoid discussing these three topics, even when prompted:

  • Politics
  • Religion
  • Race relations

Politics can go nuclear at any moment. There’s a good possibility that just as your race may be different, your politics will vary widely also. This was obviously a big issue during the campaign of the first Black president.  Do not be baited to discuss politics with your co-workers unless you are prepared to have that same conversation with management.  Word about diverse views spreads fast.  Your views are your own, and unless you have some other motive, they are best left that way. “Red state” versus “blue state” issues do not generate fodder for a conversation that you need to open a door to.

Religion is a ticking time bomb. Sunday morning between 10:00 and 1:00pm is the most segregated time slot in any week, and there are reasons for it whether we consider them legitimate or not. It is as personal as any subject could be, and it is dangerous for a workplace discussion, even if you are of like color with those you work with.  I would avoid discussions of religion for all the right reasons, so you know how I feel about this when you are of a different race and religion. Besides, it is frankly none of their business.

Race relations are undoubtedly the 800 pound gorilla in the room. You see, no one believes his or her stance on race is an issue, until it butts up against another person’s stance. At that point the other person stance is perceived to be the issue.  I think you get my drift.   By the time the discussion starts the relationships can be damaged. At the root of this is the 3P’s (Preference, Perceptions, and Prejudice), his/hers and yours.

I’m sure that I don’t have to dive to deep into any of these illustrations; many of you have lived this for years. Recognize that it is easier to stay above some of these dangerous conversations than to think you can change someone’s perspectives. Additionally it is easier to avoid these conversations than to try to repair the aftermath. Everyone you work with is not your friend so you have no obligations here. Besides, you have important sales to make.

Discussions about religion without empathy, tolerance, and an open mind will drag someone down an abyss. Discussions about politics are polarizing.  One’s politics are one’s own business. Don’t put your business out there.

A Special Word on Discussions About Race Relations

Before I close on this topic, I do want to focus for a moment on the topic of race relations. This topic can be radioactive. There are friends that cannot have a gentle discussion on this topic.  With so much at stake, you cannot be assured that the discussion is sincere or an effort to pull you into the ‘rip-tide’ of controversy.  So with that in mind, leave that one for relatives and those people you have a close and sincere relationship with outside of work. Since it is impossible to ‘put toothpaste back in the tube’, this is an unmentionable.

We can strengthen the ill effects of the 3P’s with some of our actions. The impact of preference, perceptions, and prejudice can be made rockhard when our stances are the opposite of those people who can have an effect on our employment future.