WEBVTT

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Are you holding yourself accountable to having
those business conversations? If you look at

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where you're struggling now, is it
because you're in the morass of sales conversations

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versus business conversations. You're listening to
the audible Ready podcast, The show that

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helps you and your teams sell more
Faster. Will feature sales leaders sharing their

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best insights on how to create a
sales engine that helps you fuel repeatable revenue

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growth. Presented by the team at
Force Management, a leader in B to

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B sales effectiveness. Let's get started. Hello and welcome to the Audible Ready

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Sales Podcast. I'm Rachel Klett Miller. Joining me today is John Kaplan.

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Hi, John, Hi, Rachel. Good to hear your voice. Yes,

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yours too. And for those of
you out there listening, we know

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that you are still facing a lot
of buyer scrutinies, skepticism, people tied

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with budgets, hesitancy to move forward
with large initiatives. Maybe your contacts don't

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have this sign off power they used
to have. You're having to make the

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case to more finance professionals, maybe
the CFO, maybe other finance office people,

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and perhaps all of that has put
you off a little bit and you're

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struggling with adjusting. So today we're
going to level set on what you need

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to do to effectively maneuver through a
landscape of increased buyer scrutiny, and we're

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going to frame it around having business
conversations versus sales conversations. Yeah, I

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like it. Rachel, my dear
friend and co host of the Revenue Builders

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podcast, talks about needing to get
above the noise, and twenty twenty three

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was definitely in a lot of noise, especially in the tech sector. But

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if you're still feeling it, if
you're still experiencing buyer hesitation in the marketplace,

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you're not alone. Because what I'm
still hearing Rachel is there's increased competition.

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That's a good thing, but there's
increased competition, and there's more competition

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on deals. They got to look
at more people. There's remote managing and

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selling, which we've been dealing with
since the pandemic, but that sometimes exacerbates

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itself from in difficulty or challenge,
and you need coaching and development. That's

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a skill as a leader and as
an employee that you really utilize that remote

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situation to your fullest advantage. We're
hearing about longer and more complex sales cycles

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that have still continued even into the
new year. We're hearing a lot about

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pressure on efficiency. Like there's a
lot more talk about AI, there's a

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lot more talk about the tech stack, there's a lot more talk about tools

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that are improving efficiency. And again
those aren't necessarily a bad thing. It's

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just stuff that you're dealing with internal
handoffs across customer facing functions. When there's

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more and more people involved in a
decision, there's more and more conversations taking

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place, there's more and more handoffs
of conversation taking place, and so the

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need to really make sure that you
have some continuity with these business conversations is

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very, very important. And sales
organizations are under intense scrutiny. There was

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layoffs last year. It's not like
to the days just coming out of that

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pandemic where people were just adding sales
reps everywhere and you really didn't have to

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be accountable for productivity. And you
know, those days, I don't think

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they're ever coming back. So again, let's focus the conversations today, Rachel,

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on how to utilize some of these
challenges to our advantage by focusing on

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business conversations versus sales conversations. Yeah, and when we think about that difference

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between the sales conversations and the business
conversations, there are some fundamental mindset shifts

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that we need to make if we
are going to have the type of conversations

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that get around some of these challenges
that we mentioned by our husbands increase scrutiny.

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So talk a little bit about the
mindset we need to have to be

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successfully having business level conversation. Yeah, excellent. So for me, a

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sales conversation is focused on product features
and functions, you know, showing a

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demo winning the deal, and as
a result, that leads to frequent discounting,

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no decisions. You're stuck in longer
and lower rings in an organization where

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sometimes these organizations at the low levels
are crippled by what their bosses are telling

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them to do. There's just so
many things that need to be prioritizing.

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Again, how do you raise above
the noise? So, in contrast,

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a business conversation is focused on solving
customer problems, creating customer value, and

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achieving the customer's desired outcomes. And
then as a result, you're going to

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be able to charge a premium for
your goods and services, and you're going

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to create urgency and you're going to
get access to the economic buyer because you're

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talking about things that they care about. So the question that remains is for

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you just sitting there right now,
in your car, on a walk,

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on a treadmill, wherever you are, are you holding yourself accountable to having

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those business conversations? If you look
at where you're struggling now, is it

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because you're in the morass of sales
conversations versus business conversations. Yeah. Sometimes

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we think we're doing a great job
at having business conversations, like we feel

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like, yeah, I got it, I got it, But if we

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step back and really analyze it,
we aren't or we're trying to have the

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right conversations with the wrong people.
So help us get our minds right,

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John around key ways we can make
sure we are holding ourselves accountable to having

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these type of business conversations. Well, I think one of the first things

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you have to do, Rachel,
is you have to wake up in the

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morning and believe your job is to
do two things. Is to attach yourself

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to the biggest business issues facing your
customers, and it's to identify that different

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diferentiation that's most meaningful to your customer
where you can influence it into the decision

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criteria. So attaching to big business
issues and influencing your differentiation into your decision

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criteria, this is how you should
be waking up. Let's take it a

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step further. If I really really
want to understand what my customer is experiencing,

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I have to think about my job
in terms of what problems am I

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solving for them? Not what features
and functions am I providing for them?

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What problems am I solving for them? And it's kind of an outside and

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approach versus an inside out approach.
Hang with me for just a second.

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So the outside and approach is what
problems do I solve with my goods and

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services? Got to wake up in
the morning and ask yourself that, and

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you've got to believe. Okay,
Now, how specifically does my technology does

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my services? How does it solve
those business problems? Okay? The next

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thing I got to say about is
how do I solve those problems differently or

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better than my competition? Rachel,
We've joked about it back in the PTC

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days when I told you I almost
got beat on a deal because the competitor

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was so desperate at the end.
They got the economic buyer to believe that

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a blue screen that I was providing
in my graphical user interface was not as

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good as a green screen that they
have been used to working on for thirty

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years with a competitive product. And
I got to tell you, it almost

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stumped me. I thought it was
a joke. Thank god, I caught

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myself and I asked, when in
doubt, ask a question. And I

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asked the question, what problem does
that create for you, mister missus economic

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buyer? And they were kind of
very open and honest, and they just

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looked at me and said, I
don't know specifically what the problem is.

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I think they're probably a little resistant
to change. But John, at the

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end of the day, I'm not
going to make them use your software that's

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not going to work. I'm not
going to be the scapegoat does the CEO

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and say, you know, give
them the opportunity to say you made us

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get this software and it doesn't work
it you know, it sucks or what

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have you. So luckily Rachel went
in doubt, I'm thinking about so what

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I'm just sitting there. So what
I'm thinking in my mind, I didn't

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say it to the person, but
in my mind, I'm like, so

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what what I mean by that is? So, what what does that do?

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What negative consequences? And I couldn't
think of any for a blue screen,

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So I asked him this just happened
to be a hymn in this example.

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So I asked the person. I
said, mister missus economic buyer,

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can you tell me specifically we talked
about you don't know what problems it creates,

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So I'm going to try to stack
ring this criteria because I don't know

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what problems that creates either. So
I think it's just maybe just a little

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hesitancy to move on to something new, and you know, and engineers in

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this example, they're more hesitant to
adopt new things. So we both agreed

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on that, and I said,
where would you put it on the prioritization?

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And I reminded him our number one
differentiator. I didn't say it was

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our number differentiator, but I said
their number one problem was they couldn't make

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changes and have it reflected everywhere in
their process. Rachel, so, can

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you imagine having a group of engineers
one working in you know, group working

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in design and one working in manufacturing. Design makes changes and manufacturing can't manufacture.

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Manufacturing doesn't go back to design and
say, hey, we made these

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changes, so we have to update
the drawings and make sure that you get

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it approved by the customer because we
can't manufacture the way you drew up the

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designs. So we made those changes. Well, ninety nine percent of the

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time those changes were being happening in
both design and manufacturing with neither one knowing

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so what was happening. It didn't
fit the specifications for the prototypes when it

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would go back to customers, and
customers, we'll reject them. So I

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started to get confidence just in my
mind, you know, I reminded the

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customer about that problem that they have
of not being able to make it a

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change and have it reflected everywhere.
So I just asked Rachel, I said,

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can you tell me is that more
important than green screen and the blue

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screen? And he just looked at
me, like with a big smile on

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his face, and he said absolutely, kind of like, keep going,

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keep going, we're building our case
here. And at the end he just

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paid me a really really cool compliment
and he said mister Kappa, and I

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wish we had more sellers like you
guys. I wish we could differentiate ourselves

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in the marketplace like you do.
So what's the moral of the story.

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You wake up in the morning,
you attach the biggest business issues facing the

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customer. You understand how your differentiation
can be influenced in the decision criteria and

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how that has a business impact on
your customers. And when you're ready to

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do that, by then talking about
how you do it, how you do

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it differently, what problems you solve, how specifically you solve them, how

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you solve them differently or better,
and where you've done it before. And

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when you speak about where you've done
it before, you speak about business results

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that a company has been able to
get. So, for example, in

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this case, that company was able
to reduce their time to market Rachel by

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fifty percent. For a manufacturer,
that's gold. It's gold. So you

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got to wake up in the morning
and believe that what you do for living

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matters, that it has business impact. I know, I just talked a

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lot there, Sorry about that.
I'm kind of you know, I'm intense

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about it. Like, if you
don't believe, why should anybody else.

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I think that's where you start.
Yeah, and to your point, John,

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this is the playbook. You just
got to run the playbook, and

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this is how you ensure and hold
yourselves accountable to having business level conversations.

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These are also the type of conversations
that make it easier to make the case

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to finance. I know that's something
many of our sellers are finding themselves having

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to do, probably more and more. So let's just kind of talk about

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this topic with that, lens.
What tips do you have for maybe a

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just seeing the business conversation with finance
or elevating the right components when you're talking

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to finance. Well, the reality
is today our opportunities are being scrutinized,

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way closer than they've ever been in
the past. Twenty twenty three was it

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really started there and it's just continuing. There's just some good hygiene around.

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Let's make sure that we understand.
Let's talk about what hasn't changed. Let's

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make sure that we understand the changes
or the impacts to revenue, to cost,

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and to risk. That's as old
as dirt. I don't care where

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you're selling, what you're selling,
what time period you're selling in in history,

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revenue cost and risk from a financial
perspective have always been criteria. So

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we have to understand how to speak
about what we do for a living in

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ways that impacts customers revenue cost and
risk. So if you're going to talk

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to a finance person, you better
talk about that at their level. You

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get delegated to those that you sound
like. So many people make the mistake

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Rachel going into a financial organization,
going into a financial buyer of financial contact

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and talking to them about the features, about the use, about the differentiation

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of the technology. You get delegated
to those that you sound like. They

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don't want to hear that. Financial
people want to talk about revenue cost and

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risk. Right, So that hasn't
changed, and it's just more intense.

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Now. What has changed a little
bit is budgets are not the budget.

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Budgets are tight, budgets are scrutinized, But when people have business issues that

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are so intense that something bad can
happen in the business itself, people will

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find budget money. So this is
what I love about the times that we're

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in right now. There's huge scrutiny
on spending and requests and company initiatives and

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there's huge spending on that, but
there's so much more scrutiny, and I

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think the way that you raise your
ability in these areas is be confident and

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convicted about the business impact of your
solutions, which means you got to understand

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the business problems and here you have
a platform and finance to really talk about

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it from a revenue, cost and
risk perspective. Remember in a lot of

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episodes, Rachel, we talk about
economic buyers making sure you know they have

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really three things in mind. How
much, how soon and how sure?

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How much is this going to cost
us? How soon are we going to

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get a return? And how sure
are we that we can get that return

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with our people? And why can't
we do this internally? Like, you

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have to have answers for these things
when you talk to financial people because that's

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their language. So making sure do
you quantify the benefits? You're speaking to

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risk mitigation, You're focusing on ROI
and long term value. You're sharing case

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studies and references which highlight the business
value of your solution, not features and

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benefit. That's powerful, but that's
not how you want to talk to a

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financial person. You want to talk
to them about those features and benefits turned

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into great financial impact on revenue,
cost and risk, and then just being

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prepared to adjust your financial models to
make them aligned to how your customer wants

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to buy, like our customers are
changing man last year in our podcast,

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we talked to so many companies that
so many companies are moving to a consumption

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model versus a subscription you know,
or perpetual license. Why why are they

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doing that? Because that's where their
customer is. Because a customer only wants

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to pay for when they turn the
light on and when they turn the light

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off. Well, you've got to
be aware of that and you have to

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be able to adjust your financial go
to market models, adjust your financial models

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for your products and services which align
to how your customer wants to buy.

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In the end, you got to
meet your customer wherever they are. So

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those are some critical things, Rachel, I think we need to consider when

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you know, having a financial focus, that we have to make sure that

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we deliver for I think in twenty
twenty four you're going to have a lot

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more conversations. Well, I hope
you have a lot more conversations with financial

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people. If you're not having more
conversations with financial people, you might be

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in trouble. One last thing,
Aunt Rachel I like to encourage people go

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early to finance, not late.
Go early to finance and get advice.

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Everybody loves to give advice for Rachel. So you go early to finance and

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you get in it, you get
advice. Your champion can get you there,

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if they're truly a champion, they
can get you there. If you

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go late, most times you're not
going to be able to talk to the

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financial people. And the only thing
they're going to do is they're going to

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critique your proposal. Why because that's
what they do for a living. When

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I talk to financial people, that's
what they hate about the job. People

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throw stuff on their desk with no
qualification, no quantification, no understanding of

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the business impact, no understanding of
where the budget money is going to come

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from. They're just, you know, they're putting the burden on the financial

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people to go find the money.
That's not how it works in the real

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world. In the real world,
you put together a financial justification, and

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you put together that financial justification,
and you talk about how to structure that

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financial justification early with your financial influences, and then you will get advice.

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If not. You're going to get
critique, and there's a whole heck of

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a lot more critique coming in twenty
twenty four. Yes, that's for sure

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to some of the points that you
made. What you're really trying to do

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here is build certainty in the purchase
for the financial office, right. You

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want to position it so they have
certainty that they're going to increase revenue,

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decrease costs, or mitigate their risk
quick couple plugs. We have done some

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great events talking about selling to the
CFO, so I will link them in

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the show notes. We have a
great Revenue Builders episode with Murray Demo,

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who has been a CFO multiple times. We shared some great perspective in that

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conversation. And then on a center
we did a live event with Jim Kellerer.

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Yeah, he was the CFO of
DRE. That was our largest attended

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online event, wasn't it. Yes
it was, And it's such a good

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conversation and he has a lot of
gems there for you all as salespeople.

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So check out those two links in
the show notes. And you know,

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John, we started this conversation talking
about the importance of having business conversations versus

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sales conversations and if you do that
right, all these other nuances that are

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going to show up in your deal
making, the case to finance, selling

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to multiple decision makers, building the
collective. Yes, all of that is

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going to become much easier if you
have that business conversation rather than the sales

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conversation. So as we leave,
leave us with the bottom line. Yeah,

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so you did awesome on that right. So that was a really really

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good recap. So at the end
of the day, I think we just

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would be we're ready, and we
prepare ourselves and we know we're responsible for

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a couple of things when we wake
up in the morning. I have to

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wake up this morning and know that
I have I have to attach myself to

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the biggest business issue facing a customer. I don't have to be the sole

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solution for that business issue. I
have to be attached to it in some

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way. I have to use language
that attaches me to it. I've got

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to get people emotionally connected to that
attachment. This is what e lead sellers

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are doing right now. And the
other thing that I have to do is

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I have to ask great discovery questions, which helps me set the stage for

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positioning my differentiation, and my job
is to get that differentiation influenced into the

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decision criteria. I can't tell a
customer this is what your decision criteria can

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be, but they can tell themselves
that's what it can be. And by

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the way, nobody argues with their
own conclusion, So when you ask questions

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that get people to their own conclusion, it's going to be their idea,

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not yours. That's what e lead
sellers do. So the power of discovery.

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And then when you're ready to speak
about what you do for a living,

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make sure that you talk about the
problems that you solve. Make sure

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you talk about how specifically you solve
those problems with your goods and services.

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Make sure you understand how you solve
it differently or better than the rest of

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the world and the competition out there. And then be prepared to talk about

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where you've done it before, with
great proof points, with great testimonials which

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speak to the business impact of your
goods and services. And I think if

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you do that, you're going to
have just an outstanding not only year,

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you're going to have an outstanding career. That's awesome. Let's go, thank

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00:20:30.119 --> 00:20:33.759
you, John, Let's go all
right, Thank you to all of you

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00:20:33.839 --> 00:20:37.039
for listening to the Audible Ready Sales
podcast. Check out the show notes.

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00:20:37.400 --> 00:20:42.799
At Force Management, we're focused on
transforming sales organizations into elite teams. Our

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00:20:42.880 --> 00:20:49.440
proven methodologies deliver programs that build company
alignment and fuel repeatable revenue growth. Give

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00:20:49.480 --> 00:20:53.319
your teams the ability to execute the
growth strategy at the point of sale.

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00:20:53.799 --> 00:20:59.480
Our strength is our experience. The
proof is in our results. Let's get

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00:20:59.519 --> 00:21:03.559
started. Visit us at forestmanagement dot
com. You've been listening to the Audible

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Ready podcast. To not miss an
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