Time Management (TM) – Designing Your Ideal Day

Part three of a 4-part series focusing on giving you the information contained in Championship Selling's popular “Playbook,” a highly-effective and fun tool that maximizes a hands-on approach to mastering the top core sales skills that form the cornerstones of success: Planning (part 1), Account Management (part 2), Time Management (part 3) and Selling Techniques (part 4).

Previously (March Issue), we introduced the Sales Playbook, a roadmap to results for making your 1:1 sales meetings and coaching sessions more productive. Then in April we talked about Account Management and covered the concepts of Value Proposition, Presentation, Growing Clients, and Getting Referrals.

Just like sports teams rely on a Playbook to map out plays and plan their strategy, you can continue to use the Sales Playbook in Part Three of the 4-Part series to zero in on key skills necessary for sales success.

This month we focus on Time Management (TM) - Designing Your Ideal Day and cover 8 Tips to Increase Your Efficiency.

Whether you’re a salesperson or entrepreneur, you’re probably juggling tasks from mailing invoices to attending workshops to networking events…feeling overloaded as you flit from task to task. This is highly inefficient and stressful. So here’s Coach Nick’s new paradigm for managing your day differently, 8 ways.

TM Tip #1: Decide on the six to nine tasks you absolutely must do. Chances are you could list 15 or 20 activities you need to do on any given day and/or week. So, list them. Include everything. Then zero in on the top half of the tasks that actually generate revenue.
 

 
  1. Required internal meetings by your company
    (e.g. weekly sales meeting)

  2. Close and process deals and orders

  3. Prospect by phone

  4. Make follow-up phone calls/emails

  5. Meet with new and existing clients

  6. Develop quotes, proposals, solutions

  7. Solicit referrals

  8. Send out prospecting letters, postcards, direct mail pieces

  9. Attend trade shows/association meetings/networking events

 

Many salespeople and entrepreneurs go into their day or their week with no concept of what they should be doing. Naturally, there’s little likelihood they will get the most important things done (live the nine listed above). So they fritter away their time filling out expense reports and typing into ACT.

TM Tip #2: Schedule time for your must-dos, treating these activities with the same respect and urgency as client meetings.

How? Map out how long each activity should take and allocate a time slot for each. Look at prospecting, for example. Start with your goals and work backwards. Let’s say you want to bring in $100,000 in new business each month and your average deal size is $30,000. We know from our Sky’s the Limit client surveys that you have to make about 100 new phone calls to close one deal.

Here’s the math: You need to make 300 new business phone calls a month (3 deals x 100 dials per deal), which translates into 15 new business calls to new contacts a day (300 dials divided by 20 working days). Since each new phone call takes about 4 minutes (this is an average since some will take more and many will take less), this means you need to book 1 hour every day in your calendar for new business development phone calls.

Make a pact with yourself that each must-do is as sacrosanct as a client meeting. Schedule the time, and do everything in your power to adhere to your schedule.

TM Tip #3: Break your week into certain days for quotes, orders, follow-up calls, emails, and other days for appointments.

If you can give your undivided attention to the task at hand, you won’t be pulled in multiple directions and you’ll be much more effective. We recommend that you break your week into three types of days; 1) days where you only spend time in the field, 2) days where you only conduct administrative work, 3) days that you completely take off and reenergize. How do you deal with tasks that are out of sync with your day? Delegate to an assistant or colleague whenever possible, but be flexible at the same time.

TM Tip #4: Start your week on Friday and feel less pressured.

Look ahead to your week, consider what you need to accomplish, and spread it out over the week. Why? When you have a list of 20 different things to do in a day and you don’t get to all of them, you feel like a failure. If you spread the work over a week, you feel less pressured.

Plus, when you do your planning on Friday (the Friday before the coming week), the activities you intend to accomplish sit in your subconscious and become a part of who you are. In addition, you know exactly what you need to be doing, and you make a commitment to yourself and focus in on tackling those key tasks.

TM Tip #5: Convert Piles into Files.

When you convert piles into files, you find money that’s been lying around – leads, information to send to customers, and other opportunities. The majority of salespeople (60%) have over 1000 emails in their inbox, many unopened. Clutter can distract you from your must-dos and throw you off course, so get rid of clutter in your inbox…your office…your car.

TM Tip #6: Handle Things Once.

Follow the TRAF rule. t="toss" or delete. r="refer" or delegate (to customer service, your boss, a vendor, a spouse). If someone can do the job 75% as well as you, refer it. a="Action." This can be saying No! f="File." 80% of what’s filed is never used, so toss it whenever possible.

TM Tip #7: Watch your “miles.”

Consolidate tasks such as faxing and copying so you’re not chopping up your day. Even the illustrious Coach Nick reports he previously went downstairs to the Business Center every time he needed to print, which turned into a major time waster. Instead, buy a printer to minimize the time you leave your desk. And schedule appointments together that are in close proximity.

TM Tip #8: Keep score.

To keep winning and take your time management efforts to the next level, call Coach Nick at 877- 52-COACH and get your TM scorecard.

   
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