Four Ways To Make The Most Of Your Business
Written by Thomas F. La Vecchia, MBA , CEO of X Factor Selling Systems, and Author of The X Factor Selling System: The Sales Expert’s Guide to Selling
My company provides Sales Training and Motivation as well as Partner Solutions. After meeting and consulting for C-level and management level individuals (from a wide spectrum of Industries and of small scale and large scale) I have found that these four tips can be applied to 100 percent of those various companies for greater success.
Right now, have an alignment meeting with all of your direct reports, and ask them “What are your goals?” Next, put a plan in place to help them reach those goals-give them the resources, the time and your support. What is your return? Align your goals with theirs. For example, they want to make $10,000 more this quarter. Okay, well you want them to gain three new accounts. So, align goals, and give them a deadline. By aligning your goals with theirs, you are not offering incentives to them that are hit-or-miss and you are not giving them objectives that they have no motivation to deliver upon.
Another option is to conduct employee surveys. Surveys can tell you how your employees feel about their jobs, what is the most effective way to communicate with them, what they need to improve upon, what their motivating factors are, and more. These tools provide insights to employees that they may not even be able to verbally express on their own.
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All too often business owners and managers feel that it is always about price. Although money is a powerful motivating factor, recognition is surprisingly more important, or just as important, to many. The high-achieving employees begin to have excellence expected of them, the lower-performing employees feel that they are lost in the shuffle. Make sure that as much as possible, recognition is not forgotten.
Know why people buy. People buy when it is in their own self-interest. No matter the culture or the economic state, everyone has a motivating factor. Figuring out what factor is and stimulating it while aligning your goals with theirs, is the key to closing more deals quicker and more often.
Come to terms with the notion that change is the norm. Feel more comfortable with change than stagnancy. As the external environment of your industry changes (the market, the customers, and the advertising outlets) move with them.
Too often new ideas are based upon solely what’s happening within your walls, but realizing the changing environment will provide more accurate assessments of ideas. When putting together business plans always factor in the internal and external environments. Structuring plans and trajectories this way will provide a greater risk and gain assessment.
About The Author
Thomas F. La Vecchia, MBA, earned his Masters of Business Administration from Farleigh Dickinson University and an undergraduate degree from Rutgers University. Thomas is a 20-year veteran in the pharmaceutical and medical device space. After guiding 100 member teams at the prestigious Schering-Plough (now Merck, MRK) and the Medicis Aesthetics (now Valeant, VRX) he has recently published a book The X Factor Selling System: The Sales Expert’s Guide to Selling-as a how-to guide of his innovative sales process. La Vecchia resides in New Jersey with his wife Rosalia and his two children Felicia and Giuseppe.
Digital Leader Mobiquity Expands Into Asia-Pacific
As an international digital consulting firm, Mobiquity helps a global client base upgrade its digital banking and financial services. The company employs 1,200 team members across 50+ nationalities and serves an estimated 200+ million users each day. Recently, the company built out a digital banking experience for the Bank of the Philippines Islands’ online and mobile platforms—exemplifying its mission to help leading brands engage with technology in meaningful ways.
To highlight Mobiquity’s services, here are a few of the company’s recent accomplishments:
- Designed and developed the first FDA-approved digital medicine system
- Launched a five-star mobile ordering app
- Pioneered a cloud-based IT infrastructure that prevented bank fraud
- Built the official AWS re:Invent 2017 and 2018 mobile apps
What Makes Mobiquity Stand Out?
According to Mobiquity, it's the people that make all the difference. ‘We’re born innovators who like meaty challenges’, the company wrote. ‘We go deeper, getting to the root of your customers’ friction and creating personalised engagements that deliver much more than a digital experience alone’. Now, the company has added former Microsoft and IBM director Gustavo Quiroga to its team.
Who Is Gustavo Quiroga?
At Mobiquity, he’ll be the first Vice President of Business Development Financial Services in APAC. With years of experience in the industry, Quiroga has developed numerous tech, business, and customer experience projects: at Microsoft, he led a top Aussie Azure Data and AI specialist team, and at IBM, he applied AI and deep analytics to transform the company’s business processes, CX, and UX.
Based in Sydney, Australia, Quiroga will start to work with Mobiquity clients in Singapore, Vietnam, and the Philippines and take responsibility for expanding the company’s regional operations. ‘Our best way to impact client outcomes’, he wrote, ‘is by listening to them with an inquisitive and open mind and empowering our people to do the same’.
When notified of the announcement, Quiroga expressed excitement over his new role. ‘I’m delighted to join Mobiquity and support the company’s rapid expansion across the Asia-Pacific region. I joined Mobiquity to develop, design and implement digital products and services that create meaningful experiences with customers...and I look forward to using my expertise to develop partnerships where we can achieve this every day’.
Where Does Mobiquity Go From Here?
In the past six months, Mobiquity has hired over 100 new employees, including the high-profile additions of Howard Moore, Senior Director of Banking, and Ruby Walia, Senior Advisor for Digital Banking. This falls in line with the company’s hyper-growth strategy to deliver digital products to the world.
As Matthew Williamson, Mobiquity’s Vice President of Global Financial Services, explained: ‘Our appointment of Gustavo demonstrates [our] commitment to hiring an A-list team of talent. The latest addition to the Mobiquity team supports our vision of global growth in Asia-Pacific, as a recognised partner within the banking and finance ecosystem’.