How to Determine What Success Should Look Like for Your Organization

Profitable revenue is the lifeblood of any organization. As such, many business owners correlate revenue with success, presuming that companies making money are, indeed, successful. However, revenue does not necessarily equate to success. While profitability, sustainable growth, and significant revenue can be components of success, true success is achieved when long-term goals are met.

The first foundational question in the Revenue Development Action Plan is “What does success look like for your organization?” This question precedes 27 more that help business owners, founders, and CEOs evaluate what is working within their organizations and what needs to be modified. Visualizing success helps identify competitive advantages, strengthen value propositions, locate gaps in existing plans and processes, recognize barriers to success, find operational areas for improvement, and seize opportunities in the market.

Topics: Strategic Revenue Growth Revenue Development Action Plan

A Full Menu of Strategies to Grow Online Brand Authority for B2B

Strategy ideas are in abundant supply. Any and all may appear attractive and anyone with an active imagination can easily see the possibilities, but “possible” should not be confused with “probable”. Entrepreneurs (and intrapreneurs) with “irrational optimism” are eager to take action on the possibilities and leap without a parachute --- to fly or land with a splat.

Topics: Strategy Strategic Revenue Growth

Simple Marketing Strategies (and the Strategy Frankenstein)

Strategy is not a top priority for startups, entrepreneurs, and freelancers.  The leaders are hunters in unfamiliar territory. To consider a strategy in the early stages seems a bit like making a plan to survive on Jupiter. Relying on theory, science and data works until it becomes apparent that it doesn’t.

What is it?

Think of a strategy is a directed plan to which you commit your time and action in a single direction. A strategy aligns how you spend your time, money, resources, and your communication. This increases your chance for success.

Topics: Strategy Strategic Revenue Growth Planning

21 Revenue Strategy Examples to Kickstart Your Revenue Growth

Aka: Revenue Strategies - the Foundation for CRO Success 

In a recent confidential interview, a CEO shared his thoughts about the next 12 months:  "We believe we will achieve our revenue and profit goals over the next 12 months with our current resources. We have the right team, the latest software and tools, effective processes, remarkable products & services, strong branding and a unique value proposition." He went on to admit “… but we are not achieving our revenue and profit goals and we are still unsure why.”

The proper revenue strategy aligns marketing, sales, and customer experience teams around a singular goal: drive profitability. Without a strategic roadmap, healthy and sustained growth simply cannot flourish, which is why organizations put so much emphasis on the planning process. In fact, studies reveal that tightly-aligned sales and marketing functions result in an average of 36% higher customer retention rates and 38% higher sales closing rates, than their more loosely aligned counterparts.

Unraveling such a puzzle to understand what is ‘broken’ has us first visiting the revenue strategy. Choosing a revenue strategy impacts all other aspects of planning and whether goals are achieved.

Topics: Strategy Strategic Revenue Growth Planning

A Missing Foundational Element for Revenue Growth

Sustainable long-term growth in any organization requires meticulous planning and execution. However, many organizations fail to plan appropriately at the inception, resulting in haphazard roadmaps, mismanagement of resources, and stymied growth.

But planning is not overlooked because management thinks it is inconsequential – it is most often subverted because it is simply difficult to do correctly.

Topics: Strategy Strategic Revenue Growth Planning

Build an Effective Board to Drive Performance

Even with great leadership, as your business grows you may notice the increasing tension between working “in the business” – your day-to-day operations – and working “on the business” – developing future revenue strategy, creating policies to support business performance and dealing with compliance issues.

Eventually, your company will benefit from ‘outside’ executives and/or ‘independent’ directors whose experience will help you work “on the business”. They can bring valuable experience to guide your organization through different revenue growth stages.

Topics: Revenue Growth Strategic Revenue Growth

A Wealth of Ideas & Resources for Growing Revenue

Typically, a person taking on the chief revenue officer role has a minimum of at least five years of direct sales experience. This personal experience is important as it lays a foundation to lead a sales force with success. With growing revenue top of mind, the CRO considers how to tackle each one of their responsibilities. Unfortunately, there are often knowledge gaps as technology, culture and the marketplace quickly advances.

I have drilled deeper into the responsibilities of a Chief Revenue Officer to offer you resources to overcome barriers and leap forward to grow revenue:

Topics: Revenue Growth Strategic Revenue Growth Chief Revenue Officer

Every Business Needs a Predictable Revenue Machine!

Wouldn't it be great to have a predictable revenue machine?!?

One where all of your sales opportunities go in one end, the machine does the work, and predictable revenue pops out the other end?

You can create your own.

Predictability is an essential component of ongoing of revenue generation and business growth.

Predictable revenue will improve cash flows, stabilize staffing levels, increase the value of a business over the long term, and give the business owner peace mind. Without predictability a company’s growth can be erratic causing problems with cash flow, productivity, staffing levels, debt servicing, budgeting, and more.

Topics: Profitability Sales Strategy Strategic Revenue Growth