Real Relationships Real Revenue - Audio Edition | Invest in Relationships to Build Your Business and Your Career

Mo asks Warren Shiver: Tell me of a business development story that you are really proud of. Warren left his day job and started his own consultancy in 2010. He created his Protemoi list and started working through it to get things started. Warren met Paul Duval, the senior vice-president of sales at Central Garden, a billion dollar provider of lawn and grass products. That very first relationship developed into a three-month sales cycle and a seven-figure engagement that kicked off Warren’s consultancy. The client gave Warren some feedback after the fact when Warren asked him why they went with his company, and he responded that Warren asked three questions and then shut up and listened as Paul talked for 45 minutes. Warren was also able to bring in a couple other key people to show they could build trust as a team and collaboratively build the scope together. Listening and learning early on and then building the solution together were the two key things that landed the business. It’s way more powerful to learn their priorities using their own words. When someone shares their personal perspective, it’s highly correlated to liking you more. Early on in the conversation with Paul, it became apparent that he knew what he was doing. He had a vision for what he wanted done, and a pitch from Warren’s point of view wouldn’t have landed right. Listening first helped Warren stand out from the other consultants bidding for the business. Even experienced professionals like Mo can fall into the trap of wanting to speak about themselves first. Warren’s client was in the process of a complete business transformation, so it was important as a new firm to show that it wasn’t just Warren working on it. There is a lot of power in co-creation and the complementary skill sets of the additional people played a big role in the success of the project. A key takeaway is to ask for feedback whether you win or lose the business. It helps keep you grounded and helps you understand what your approach might be missing.     Mentioned in this Episode: GrowBIGPlaybook.com thebrevetgroup.com The Seven Steps for Sales Transformation

Mo asks Warren Shiver: What’s your favorite science, step, or story from the Snowball System or GrowBIG training? Warren has been working with Mo during the early days of the GrowBIG training and has been a big fan of the Protemoi list and the step-by-step opportunity process. The first part of the opportunity process is listening and learning. Being able to repeat it back to the prospect and proving that they’ve been heard is how you earn the right to go to the next step. Weekly, monthly, or quarterly sales targets influence behaviors that always align with the listen-and-learn process. The opportunity process doesn’t require more time, but it does require an emphasis on patience, understanding, and a collaborative approach. Many companies are still struggling with the more rigid, linear mindset of selling. Clients don’t want to hear your language or why your company is awesome. You should approach the sales cycle with a fresh-eyes mindset and assume the position of someone just getting started solution-wise. Earned Dogmatism is a proven mental heuristic that states the more we believe we have an expertise in some area, the more close-minded we become. The Protemoi list is a mental framework that can pay off at any time. Think about the relationships that might be important to you tomorrow, and the frequency of staying in touch that keeps those relationships alive. The first step of the Protemoi list is to write it down. Warren uses a spreadsheet to keep track of his list, and one of his weekly MIT’s is to always check in with the people on his list. It’s okay for people to drop off. Depending on the situation, Warren reaches out weekly or monthly to stay in touch in any way he can that adds value. Warren looks for interesting articles that he can send people or whatever way he can connect with someone on the list that makes sense. The Protemoi list also scales to a team or organizational level. You should be having all your people working to build trust and the relationship along the way.     Mentioned in this Episode: GrowBIGPlaybook.com bdhabits.com thebrevetgroup.com

Mo asks Warren Shiver: What is your personal definition of business development? Business development is simply about building trust between people. People buy from people, and that still holds true in the age of Zoom. Mo’s wife recently started a non-profit focused on equine therapy. and within two months of the launch they were getting incredible amounts donated to the program. This was because Becky had been building relationships with people in the area for 30 years. People are looking for indicators that you do what you’re going to say you’re going to do. Trust is built over the course of your career, and as you help other people be successful, you build your network and your brand, and that helps to sustain your success. Your first interaction with someone matters. How can you come prepared for your first conversation with someone with questions and fluency? Whatever the next step is, follow up and follow through with a high rate of precision and speed. You can differentiate yourself just by having professional, thorough, and timely follow up. Most people aren’t reliable. Reliability starts with being organized. Being able to connect the dots for someone across a number of different relationships is very valuable. Warren uses his Outlook calendar to stay on top of what he needs to get done alongside Hubspot. He also has a Protemoi list of key relationships and opportunities that he keeps front and center along with his calendar, to keep things on track.     Mentioned in this Episode: GrowBIGPlaybook.com thebrevetgroup.com

Mo asks Warren Shiver: At what point in your career did you realize that business development was something you should focus on? Warren started his career off in the typical management/consulting track almost exclusively focused on product delivery. Warren’s wife worked for PeopleSoft at the time, and he was able to go on a few president’s club trips with her. Seeing top performing business development professionals treated so well opened his eyes. No engineers get treated to trips to tropical destinations for delivering a project on time. Warren was in business school at the time and interviewed for all the top technical positions, but they all wanted to see more sales experience. Warren started to focus more on sales and got the opportunity to build a small team working with companies to improve sales performance. That role forced Warren to focus on business development and kicked off his relationship with Mo. As a deep technical expert, the first yes you need to hear is from your internal partners to get introduced to clients. You need to make yourself as relevant and as easily understood as possible to build trust internally before you can get in front of clients. Trust is foundational. Your niche solution may not be overall material to the account manager so it represents a significant risk. To build trust you need to prove your success. Do you have a track record of prior success in a similar situation? The best client-facing team of executives brings a broad selection of skill sets to a project, even if it means going outside the firm, in order to build the trust and relationship with the client. The most important element of success is having a process. It takes a steady and disciplined approach to be successful, whether you are selling internally, externally, or a combination of both.     Mentioned in this Episode: GrowBIGPlaybook.com thebrevetgroup.com

Bill Ruprecht pulls from his decades-long career in sales and business development and shares the work-defining stories and lessons he learned along the way. Learn how Bill discovered the keys to building relationships around the dinner table with his parents, why building relationships isn’t solely reserved for people with the natural gift of conversation but is a trainable skill that anyone can figure out, and why being in sales is something you should be proud of.   Mo asks Bill Ruprecht: When did you first start thinking about business development as something important that you wanted to do? Bill spent many years in business when there were two kinds of business development. The first was a form of gunslinging more focused on extracting value and the second was centered around building more long term relationships. Inevitably, you come to realize that building relationships and adding relevance to potential customers is the way to go. There are three ways to differentiate a business: be an innovator and make things that no one has seen before, be cheap and provide the lowest cost service, or you can be customer centric and know more about your customers than anyone else in the world. Nobody should own a client. The team should always work together to get the job done well. If you have a lot of history with a client or they demand that a particular person is involved, that should be accepted. The end result of a deal is always a combination of relationship and price. In Bill’s line of work, certain clients tend to push on price but that always makes things tougher. Chasing the margins on a deal down to the point where the service provider doesn’t care about the outcome is always a poor choice. For another client, Bill tells the story of a semi-regular delivery of BLT sandwiches and how they were a barometer of the relationship. They may not have gotten the business because of the sandwiches, but they definitely didn’t hurt.   Mo asks Bill Ruprecht: What story did your parents tell you that shaped how you thought about business development? Bill’s mother was always extremely bright and driven, but she wasn’t terribly happy in her life. His father had the knack of being able to find commonality with almost anyone. It was at the dinner table where Bill was constantly challenged with questions on how he would deal with a variety of hypothetical situations. When Bill started in the antique business he was working with Persian rug dealers and in the process he learned what was relevant to them and how to build rapport, despite the considerable difference in their culture. Bill understood that those conversations with his parents around the dinner table were like batting practice, and those skills served him well in his work later on in life. When you do something for a long time, you give yourself the opportunity to get lucky. If you position yourself in the right way and do the work, it doesn’t mean you’re going to be successful, but it does mean you can get lucky. There wasn’t one single pivot moment where Bill got lucky and his career took off. It was a gradual process of taking on more risks and responsibilities over time and pushing past the fear to take the leap each time.   Mo asks Bill Ruprecht: What is your favorite science, step, or strategy from the GrowBIG Training or the Snowball System? Bill began working with Mo because he believed a more disciplined approach to building relationships was critical to the continued growth of his organization. When you have 90 offices over 40 countries is an enormous task. Bill recalls a meeting with a number of executives at Sotheby's along with Mo where it became very clear how some people struggled with the process of articulating value, even those who had been in the business for 30 years. Every business believes they are unique so they often believe a system of business development couldn’t possibly apply to them. But once they realize that almost everybody runs into the same problems and barriers, they see the value of a disciplined approach to relationships. The default assumption that most people make is that business development is not a learnable skill. That some people are just born with it and that assumption prevents them from seeing the possibilities. Bill is a born introvert and a learned extrovert. Giving speeches and connecting with people didn’t come naturally to him. Being a salesman is something to be proud of because it means you’re being an advocate for whatever you’re walking into the room and trying to do.   Mo asks Bill Ruprecht: What is a story of business development that you are particularly proud of? A business like Sotheby’s is a transaction business so Bill had been involved in thousands of transactions over the course of his career but one tale in particular stood out to him. Bill traveled down to Florida to help an older lawyer sell $20 million in vintage cars and that began a 9-month process of negotiating. After months of back and forth, they finally signed the deal, and the auction itself was widely successful. In extended negotiations, as the professional, you know what it will take to make the deal successful. It’s common for the other party to not fully know what they want and the key is to just keep the conversations going. When the other party doesn’t know what they want, negotiating becomes a marathon or experimenting and exploring until they land on what was missing from the conversation.   Mo asks Bill Ruprecht: If you could record a video around business development for your younger self, what would it say? You learn a lot more from failure than you do from success. Early on in Bill’s career, he had developed a relationship with an art collector, but after the collector passed away the business went to other people because Bill didn’t consider what would happen after that point or lay the foundation to make sure the family would work with him. It’s important to not rely on a single individual for your relationship with an organization. You need to create a team of advocates to work with a team of counterparts within the organization. Remove your ego from the equation and focus on building a team to team relationship. We tend to focus on our expertise and believe that’s how decisions get made, but that’s not the way it works. What should drive those decisions is that your company has a collection of skills to help clients solve their problems.     Mentioned in this Episode: GrowBIGPlaybook.com

Mo asks Bill Ruprecht: If you could record a video around business development for your younger self, what would it say? You learn a lot more from failure than you do from success. Early on in Bill’s career, he had developed a relationship with an art collector, but after the collector passed away the business went to other people because Bill didn’t consider what would happen after that point or lay the foundation to make sure the family would work with him. It’s important to not rely on a single individual for your relationship with an organization. You need to create a team of advocates to work with a team of counterparts within the organization. Remove your ego from the equation and focus on building a team to team relationship. We tend to focus on our expertise and believe that’s how decisions get made, but that’s not the way it works. What should drive those decisions is that your company has a collection of skills to help clients solve their problems.     Mentioned in this Episode: GrowBIGPlaybook.com

Mo asks Bill Ruprecht: What is a story of business development that you are particularly proud of? A business like Sotheby’s is a transaction business so Bill had been involved in thousands of transactions over the course of his career but one tale in particular stood out to him. Bill traveled down to Florida to help an older lawyer sell $20 million in vintage cars and that began a 9-month process of negotiating. After months of back and forth, they finally signed the deal, and the auction itself was widely successful. In extended negotiations, as the professional, you know what it will take to make the deal successful. It’s common for the other party to not fully know what they want and the key is to just keep the conversations going. When the other party doesn’t know what they want, negotiating becomes a marathon or experimenting and exploring until they land on what was missing from the conversation.     Mentioned in this Episode: GrowBIGPlaybook.com

Mo asks Bill Ruprecht: What is your favorite science, step, or strategy from the GrowBIG Training or the Snowball System? Bill began working with Mo because he believed a more disciplined approach to building relationships was critical to the continued growth of his organization. When you have 90 offices over 40 countries is an enormous task. Bill recalls a meeting with a number of executives at Sotheby's along with Mo where it became very clear how some people struggled with the process of articulating value, even those who had been in the business for 30 years. Every business believes they are unique so they often believe a system of business development couldn’t possibly apply to them. But once they realize that almost everybody runs into the same problems and barriers, they see the value of a disciplined approach to relationships. The default assumption that most people make is that business development is not a learnable skill. That some people are just born with it and that assumption prevents them from seeing the possibilities. Bill is a born introvert and a learned extrovert. Giving speeches and connecting with people didn’t come naturally to him. Being a salesman is something to be proud of because it means you’re being an advocate for whatever you’re walking into the room and trying to do.     Mentioned in this Episode: GrowBIGPlaybook.com

Mo asks Bill Ruprecht: What story did your parents tell you that shaped how you thought about business development? Bill’s mother was always extremely bright and driven, but she wasn’t terribly happy in her life. His father had the knack of being able to find commonality with almost anyone. It was at the dinner table where Bill was constantly challenged with questions on how he would deal with a variety of hypothetical situations. When Bill started in the antique business he was working with Persian rug dealers and in the process he learned what was relevant to them and how to build rapport, despite the considerable difference in their culture. Bill understood that those conversations with his parents around the dinner table were like batting practice, and those skills served him well in his work later on in life. When you do something for a long time, you give yourself the opportunity to get lucky. If you position yourself in the right way and do the work, it doesn’t mean you’re going to be successful, but it does mean you can get lucky. There wasn’t one single pivot moment where Bill got lucky and his career took off. It was a gradual process of taking on more risks and responsibilities over time and pushing past the fear to take the leap each time.     Mentioned in this Episode: GrowBIGPlaybook.com

Mo asks Bill Ruprecht: When did you first start thinking about business development as something important that you wanted to do? Bill spent many years in business when there were two kinds of business development. The first was a form of gunslinging more focused on extracting value and the second was centered around building more long term relationships. Inevitably, you come to realize that building relationships and adding relevance to potential customers is the way to go. There are three ways to differentiate a business: be an innovator and make things that no one has seen before, be cheap and provide the lowest cost service, or you can be customer centric and know more about your customers than anyone else in the world. Nobody should own a client. The team should always work together to get the job done well. If you have a lot of history with a client or they demand that a particular person is involved, that should be accepted. The end result of a deal is always a combination of relationship and price. In Bill’s line of work, certain clients tend to push on price but that always makes things tougher. Chasing the margins on a deal down to the point where the service provider doesn’t care about the outcome is always a poor choice. For another client, Bill tells the story of a semi-regular delivery of BLT sandwiches and how they were a barometer of the relationship. They may not have gotten the business because of the sandwiches, but they definitely didn’t hurt.     Mentioned in this Episode: GrowBIGPlaybook.com