WEBVTT

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If something's getting in front of the
CFO or someone on their team, if

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it doesn't speak to the business issues
at the revenue cost risk level, you've

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got some work to do. You're
listening to the Audible Ready Podcast, the

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show that helps you and your teams
sell more faster. We'll feature sales leaders

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sharing their best insights on how to
create a sales engine that helps you fuel

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repeatable revenue growth. Presented by the
team at Force Management, a leader in

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B to B sales effectiveness. Let's
get started. Hello, and welcome to

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the Audible Ready Sales Podcast. I'm
Rachel klep Miller. Today we're going to

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talk about making your case to the
CFO, selling to the chief financial officer

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the finance office. Some of us
may be in a situation where we are

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finding ourselves having to make that investment
case to this type of role more and

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more, and perhaps when the budgets
weren't as tight, we never had to

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do this. So Brian Lasher is
going to join me today to break this

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down and talk through some things to
think about when you're meeting with finance.

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Hi. Brian, Hello, Rachel, Hello, Hello, great topic today,

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So let's just start. Brian with
scrutiny on spending, we are likely

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more aware of the influence of CFO
has on our opportunities. Some may say

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we should have been there all the
time, but regardless, let's start with

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this persona and the key things we
need to remember about what they care about.

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Okay, so finance one on one, right, everybody knows that the

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CFO and the people that work in
that part of the organization, or we

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should know. You know, these
folks care about the overall financial health of

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the organization. That is what they're
chartered with. It's cash flow, it's

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financial planning. The CFO themselves or
the persons sitting in a sea like that

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is typically going to be a strategic
advisor to the CEO and the board.

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So I think we've got to remind
ourselves just of you know, put ourselves

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in that headspace for a minute.
It because our thing, our proposal,

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our recommendation for this organization that we're
working with, is one of a million

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things that's on this person or this
group's desk, and many of those things

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that are on their desk probably have
a higher consequential value to the organization.

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That's just the reality. Now,
with that in mind, I think you

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have to assume, and let's talk
about this collectively, whether it's the CFO

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or the rest of the organization.
Right, Like, we're not just talking

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about one person. We could be
talking about multiple people, right, depending

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on the size and the complexity of
an organization. But I'll continue to use

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it in the singular. Rate this
person, you have to assume that they're

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going to spend probably less time,
not more, on whatever we are putting

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in front of them for consideration,
right unless that thing that we're about to

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put in front of them meets some
sort of threshold of strategic value or importance

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to the business. So I think
that's first quest she got to ask yourself,

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Hey, is what I'm about to
put in front of this person of

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strategic value or compare to all the
other things that they're thinking about. I

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mean, imagine selling to one of
the big three automakers right now, right

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Like, whatever you're selling, it's
probably down the list, right So if

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it doesn't meet that threshold of strategic
value, there's still a good chance it's

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getting in front of them, So
it better jump off the page pretty quickly.

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Like the things that they care about, which I know we're going to

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talk about if it does meet that
level of strategic value, because for some

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deals we are strategically high high,
high level important, well then it better

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not just jump off the page,
but it better stand up to some pretty

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rigorous review, right. And in
either case, if it doesn't attach to

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revenue cost or strategic business risk,
then your proposal is probably going to end

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up in the wrong pile because the
threshold has come way down on what's coming

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across their desk in terms of spend. I've validated this with every CFO and

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CEO that I've talked to in the
last twelve months. They're all looking at

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smaller spends than they used to,
and they're looking at them with a much

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more rigorous point of view. So
I think that's a good starting point.

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Come on, Mike, Yeah,
correct, that's the nuts symbol of this

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persona, and we're calling this persona
the CFO. It might beat somebody with

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a different title in your organization lower
if you're selling to large organizations. But

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we talk frequently about aligning your value
and differentiation to the required capabilities for your

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buyer as it relates to various buyer
personas. So we've talked about implementation we

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talk about the economic buyer, we
talked about the technical buyer. All important,

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right, getting to that collective.
Yes, that concept, but it's

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also something you need to consider for
the CFO. And you kind of mentioned

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there when we're talking about the PERSONA. Talk about this level setting that you

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did on this PERSONA. Let's talk
about that and how you're coaching reps right

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now to pull that point of view
together in their deals as it relates to

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value differentiation required capabilities all that.
Yeah, great point. So well,

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in my mind, it does go
back to what we were just mentioning,

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right, the CFO in this case, they care about the most effective and

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efficient use of resources, right,
which includes time, people, and money.

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Now, specifically for the CFO,
it's the money, right, it's

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the cash. Like they typically will
count on other leaders in the organization to

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determine whether or not this thing that
they're thinking about doing, whether or not

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that they have the resources available and
the time to get it done right and

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that those are a good investment.
But it's the finance organization that's often going

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to have a heavy voice in whether
or not this is the most effective and

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efficient use of some of their cash. Right. So with that in mind.

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Here's the coaching, your recommendations,
your proposal, whatever it is you're

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about to put in front of someone. You've got to help the CFO easily

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answer the file questions. There's three
questions. The first question is kind of

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two parts, right. The first
question is for the CFO, why would

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we do this project now for the
business right or set a different way?

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What are the tangible business outcomes?
Right? The problems that we're going to

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solve and avoid and the outcomes achieved. That's for the business. That's the

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first question. The second question is, well, how long is it going

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to take us to achieve those outcomes? Because there's a payback period associated with

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how long is it going to take
to solve the problem or to stop the

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bleeding or to ensure there isn't any
other bleeding? And how long is it

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going to take to get to those
potential outcomes for the business. And then,

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last, but not least, and
maybe most important, like it's the

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thing that often will push something over
the edge, is well, how sure

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are we that we can actually achieve
these outcomes? So your ability to give

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them the answers to those three questions
upfront is really really critical because those three

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questions are what CFO are asking themselves
consciously or subconsciously. And again I mentioned

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this earlier. I have been validating
this for the last twelve fourteen months since

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we've seen the economy shift right and
the macro that everybody's dealing with. So

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my question is to a seller from
a coaching perspective, is what are you

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doing to help the CFO and their
team? Often people that we will have

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less access to, but their team
will have more access to. Right,

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I'm typically dealing with people below the
CFO. Most of us are not getting

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a lot of access to the pafos. That's the reality of the world.

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So what are we doing to help
the cfo's team answer those questions so that

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when they get in front of the
CFO, they're much more ready for the

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conversation. Let's make this clear for
those of people listening. Are we saying

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change the business conversation for the CFO? We're nuancing it? What are what

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are we doing here? Yeah?
I don't necessarily think that you have to

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change it, but I like your
word nuance right, But you have the

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nuances right, So I think it
does have to be very direct and pointed

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to those three questions that we just
asked. CFOs don't have a lot of

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time. Look, there are only
two outcomes if you don't do this well.

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Whether you're the one in front of
the CFO, or other people are

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getting in front of the CFO,
or other people in the customers organization are

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going to the CFO on our behalf, there are only two outcomes. I

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guarantee that there are only two outcomes
when we take this recommendation, this proposal,

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whatever it is, to the CFO. If we can't answer these questions,

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one or two things is going to
happen. The downside option is that

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your deal dies right the CFO or
somebody just kills it because they can't answer

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these questions and they don't have the
time or the patients to deal with it.

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They got a big pile of really
critical stuff they got to deal with.

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That's the worst case scenario. The
best case scenario, when the CFO

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can't easily answer these questions for themselves
with what's in front of them or who's

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ever presenting it, is that they
send their team off on some sort of

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fishing expedition or hunting mission to go
get the answers to a bunch of questions

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and now think about what that does. That creates a brand new set of

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meetings and actions, et cetera,
which typically at best loves deals down and

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time kills deals. Yep. Right, So I think that's I love your

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word nuance. But it all goes
back to that initial comment. If something's

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getting in front of the CFO or
someone on their team, if it doesn't

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speak to the business issues at the
revenue cost risk level, if it doesn't

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speak to the what's it going to
solve for? How fast is it going

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to solve it? And how sure
are we that we can get to those

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outcomes? You've got some work to
do. Yes, So you mentioned Brian

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that we're not always going to have
access to the CFO. Right, It's

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not like they're sitting there with an
open calendar invite. And let's dig into

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that a little bit. Do we
really push to get access? Are we

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focusing our attention on equipping others they
are champion to help make that case?

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What's worked well when you don't have
the direct line. I hear you saying

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a lot of things about if I
were to sum it up, click message

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as it relates to what's important to
that and making sure that message is clear

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so it can travel. But what's
worked well, when you're equipping a champion,

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you don't have access to the CFO
to make that case. Well,

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I'm glad you brought this up.
I think it's important that we're just honest

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with ourselves. CFOs are not sitting
at their desks anxiously with waiting our phone

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costs. Right, everybody knows it. Nobody wants to say it, but

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everybody knows it. So I think
we have got to learn about how the

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organizations we work with make decisions,
how the CFO and other executives run buying

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decisions, and where in their organizations
do people typically have formal authority and where

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and who has informal authority. I
think this is a really important skill set

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for a seller, and this is
one of the big reasons why, because

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we're not always going to get access
to everybody, especially the higher up in

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the organization. Right. And by
the way, I think developing the leveragy

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champions is a great strategy, but
that too, in and of itself,

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is also difficult. Right. I
think you've got to be willing to listen

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to others like coaches. Right,
I think you've got to be willing to

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think about triangulating the truth. I
meet with multiple people, I have similar

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conversations, so I can look for
common data points and start to realize that,

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oh, Rachel, this person she
really understands and gets it, and

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what she says lines up with but
this person over here, there's something going

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on. I get different answers,
like I can get back in a room

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and really think about how these puzzle
pieces go together. I do think,

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however, that maybe the most important
skills set I was just starting to poke

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at this a second ago. I
think there's something that you know, I'm

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pretty passionate about that is really critical
here. It's this idea of having a

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solid point of view of buying cycles
that you are involved in and the key

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players, because knowing who's going to
be a part of the conversation because of

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your other experiences in the marketplace that
you serve one makes it easier to educate

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the people you're in front of and
lay a path to access to others that

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most sellers don't normally get. Because
most sellers are asking the question throughout the

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buying cycle, especially early on as
they meet people, Hey, what's your

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decision process? And they're asking you
that question to people who probably don't really

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know what it is. They might
know some part of it, but they

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don't know the whole thing. I
mean, think about it like whatever I

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do for a living, whatever I
represent, whatever I sell, I'm in

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that conversation all day every day.
The person I happen to be in front

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of right now is in that conversation
for a very short period of time.

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They don't buy every day, they
don't buy our stuff every day, et

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cetera, et cetera. So being
able to go on the offense with a

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point of view from the moment you
enter and help people identify who's important and

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who's going to have a voice,
whether or not I ever get access to

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those people are not well actually start
to give me a chance of getting more

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access to the host people. Right. So, at a minimum, this

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point of view helps you educate who
you're in front of. That Hey,

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I understand Rachel, that you are
one of many. Obviously I'm going to

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honor that, but I also know
that there's value and you and I getting

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to those other people to understand their
point of view. But the second thing

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does is it helps you message why
access to those other people and their point

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of view should matter to you.
It's funny I when I coach people and

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then we talk about this, they
talk about it. Yeah, I got

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to get I'm working with someone named
Rachel, and I got to get to

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Rachel's boss, Grant, and I'll
say, Okay, explain to me how

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you're going to ask for that,
and they always do this. They give

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me this, Well, Rachel,
you need to let me meet with Grant

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so that I can. And when
they've done, I say, well,

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who is that? Ask all about
was about the seller? And my response

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to that is, well, why
wouldn't that ask me about why Rachel should

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take you to Grant? What's in
it for her and what's in it for

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Grant and seeing you their value is
not about you, It's about what am

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I giving to you? Right?
And then third, but maybe most importantly,

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especially in this situation, when we're
not often the one who's getting the

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access to the CFO or the people
in that part of the organization, it

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helps these people that I do have
access to more effectively message when I'm not

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in the room. So yes,
we can talk about using executives on your

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team to help you get access to
executives on the customer's team and all of

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those other grand ideas. I think
that's really good. All of that,

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it's all good. Or I think
as a seller for the things that you

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can do and the things that you
can control, this knowledge and this well

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thought out point of view on who
the other players in the customers organization are

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and why their points of view matter
is your best chance to either getting to

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people who were higher up like the
CFO, or at least ensuring that when

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people get there on your behalf,
they're in a much better position to message

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in a way that the CFO cares
about. That's some great points in that

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segment that you just did, Brian. I think those are really important points

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for us to remember. Those of
you are listening can't see, but Brian

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is shaking his fists in happy advancing. One other topic I wanted to bring

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up. When you make your case
right, how does it matter to that

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matters them? Right? It's not
about you, It's about them and their

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outcomes. And it reminds me of
the recent episode we did with Tim Cato.

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You're calling on multiple options and branding
those as it relates to the outcomes.

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You're trying to drive for them the
outcomes they're trying to achieve. Using

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these right, can be really effective
in your negotiations. But I'm seeing also

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how they can really benefit you with
the CFO. Yeah. So, first

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of all, I just have to
give a plug for this. If you

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haven't listened to that podcast, that
strongly suggests you do, because I think

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Tim's point of view that he has
helped our firm develop on negotiation and the

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power of multiple options when done in
a way that is customer focused, is

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really some amazingly great content that is
so far past the simple word negotiation.

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It is so it's so good,
so valuable. But in the case of

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a CFAIL, if I and the
people I do have access to can develop

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two or three options, all of
which would be really good positive outcomes for

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the customer, I mean, who
doesn't like choices? Right? And So

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now what I'm doing is I am
helping my customer team make the cfo's decision

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that much easier because now one of
two things are likely to happen. The

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CFO is potentially likely to look at
two or three options and say to the

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team, oh, you've actually thought
through this at multiple levels. Right,

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we could go for the whole thing
right now, and here's the outcomes and

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the value that that creates for us. Or we could do some sort of

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crawl walk run approach. I'm just
doing this in the moment, right,

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and here's the business value for us
short term versus long term. So now

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the CFO is thinking, oh,
this group has done their homework. That's

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the first thing, and a may
choose one of those options and or allow

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the team to more readily choose.
Right, A lot of things happen.

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You're not putting the CFO in a
box of this is what we should do.

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This is the one thing. This
is our only option. Right.

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The second thing, and I think
this is something else to remember, is

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when a CFO sees two or three
options, the other thing that could potentially

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start to happen is they may not
choose one of them, but they may

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start to say to the team,
well, you know, it's interesting.

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I like a lot of the stuff
in option two, but there's a couple

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of things over here an option one
that I think we would want to have

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if we get option two. Is
there a way to do that? So

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now the CFO is actively engaged in
helping craft a solution out of those two

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options, that makes the most sense
in their mind. So I think your

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tie back to that episode, Rachel
is spot on. It's really well thought

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out, and I would highly recommend
people go back to that if they haven't

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heard it because there's so much in
there. Thank you, Brian, and

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I'll make sure to link it in
the show notes. Check that episode out

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everyone. And it also goes to, as you said, the clarity of

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message. Right, the CFO doesn't
have enough time they want to see and

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often the multiple options, although you
should be kind of positioning them throughout your

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negotiation process, as Tim would say, but the CFO might be looking at

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them later and on in the process
and you want to make sure that it's

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really clear for them. Any final
thoughts on this topic as we wrap up,

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Brian, I think I would say, as I always like to say,

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be realistic in your expectation to the
access. So if that's true,

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and we're going to be honest with
ourselves and know that the higher up we

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go on an organization, typically the
amount of access we're going to get is

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less right and fewer times, we
have to be really ready so that when

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we do get that access or someone
tries to get us that access or has

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to go there on our behalf.
We can meet that person, in this

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case the CFO where they live.
And as I like to say, when

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that piece of paper, hard copy
or digital is in front of a CFO

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representing our recommendations and our solutions,
here's my ultimate question. Does that document,

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by itself, with no one else
in the room, have the ability

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to jump off the page, grab
the CFO by the shoulders and give them

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a little bit of a shake and
say, hey, CFO, you can't

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afford to not do this right now. This is a really smart investment for

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organization to solve for the following problems, to avoid additional issues, and most

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importantly, drive for the following outcomes
in a timeframe and in a way that

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is sure. Just be honest with
yourself. If it can't do that,

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you got some work to do.
That's my take. Here we go.

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Thank you Brian Walsh, thank you
Rachel. All right, be sure to

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00:19:59.720 --> 00:20:03.279
check out the show notes for some
additional resources on all the topics. Brian

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00:20:03.920 --> 00:20:07.839
mention, and thank you for listening
to the Audible Ready Sales podcast. At

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00:20:07.880 --> 00:20:12.480
Force Management, we're focused on transforming
sales organizations into elite teams. Our proven

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00:20:12.519 --> 00:20:18.960
methodologies deliver programs that build company alignment
and fuel repeatable revenue growth. Give your

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teams the ability to execute the growth
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strength is our experience. The proof
is in our results. Let's get started.

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Visit us at forcemanagement dot com.
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