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Change: The inevitable sign of progress

By Armando Trabanco, Banking Executive.
As we move through our professional careers we are constantly being bombarded with change. Change is the only constant in life.  Everything evolves and progresses, sometimes for the better and some times for the worse, but always towards the future.  It is a fact that if there is no change, there is no progress.

As young professionals we are adaptable and open to new products, process and procedures, however as we mature in our careers we become resistant.  We believe that the way things have been done for the past ten years is the way they should stay.  Looking back at my own career, I would never imagine banking without savings passbooks, actual Certificates of Deposits and of course actual cancelled checks being returned to clients in their monthly statements. (If you don’t recognize some of these things- odds are they were before your time – Google them to see how far we’ve come in the past 30 years.)  A PC or fax machine, was not even a thought.  We were a well respected financial organization with CRT’s, Microfishe machines and monthly account ledger cards.  Signature cards were still housed at the Branch of account opening, and if you needed to verify a signature – good luck.
As technology grew in the late 80’s and 90’s, many bankers resisted the technological advances and were immediately left behind.  Those that excelled where the ones which embraced change the fastest, and learned to make it work. Whining and resistance led to many a demotion or termination, and invariably change happened anyway. This by no means is a call to drop things that work, but rather a call to be adaptable, open minded and progressive.
I think Mark Twain said it best, “The only person that likes change is a wet baby.” This being said, I feel strongly that the only way to make strides in life, both personal and professional, is to continuously move forward. Help your people embrace change and show them the benefits of evolving with the times. Success is never a destination, but rather a journey for which we must continuously strive, with many obstacles and hurdles, but also with many rewards.
“We cannot become what we need, by remaining what we are. If you desire growth, then you must embrace change.”   Max Depree

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PROSPECTING

Antonio Garrido is President and Founder of Absolute Sales Development – Miami’s own Sandler Sales Training organization that provides companies of all sizes with superior business-growth training. Visit: www.absolute.sandler.com or contact: (786)-527 0277
Twitter: @SandlerASDMiami

The TACTIC: Why did you ever consider us?
The STORY:
“So,” continued Melinda on the phone, “would it be fair to say that it’s over.”
“I think so,” respond Beth. “But I want you to know that I really appreciate the fact you’ve been so diligent in getting back to me the past month.”
“This may sound like a dumb thing to ask, but I just want to be clear… ” she waited for a response.
“Go ahead, it probably isn’t dumb.”
“You and I are not going to do any business, correct?”
“Not now,” said Beth, “but in the future we will definitely consider you again.”
“Understand. Can I ask you one more dumb question?”
“Sure.”
“Knowing that we aren’t going to do business, why did you ever consider us?”
Melinda planned on waiting for a response however long it took. It took a good 15 seconds. “Well, I don’t think I ever told you why I called to begin with … you were recommended by John Tate over at Carner Corporation. He couldn’t say enough about you.”
“That’s interesting; I’ll have to thank him. But now there’s a problem … maybe you could suggest how I deal with it.”
“What’s that?”
“Well, this is kind of embarrassing for me … I’m going to call John, thank him, and then he’s probably going to ask me what happened. What do I tell him?”
Another 15 seconds of silence ensued. “Well, it seemed that we needed better terms with your company than you could give; I don’t suppose you could help us out with that.”
“By better terms, you mean… ”
“Well, on the large orders like we talked about, if somehow we could have… ”
The RESULT:
Melinda turned this “no” decision into a situation where the prospect is reconsidering. In addition, she learned that the payment plan had to be more flexible. Whether this prospect can be accommodated is something Melinda’s company will have to decide. Melinda turned a “no” into a “Let’s work on it.”
DISCUSSION;
Why do many salespeople bailout when a prospect says that the sale is not going to happen?
One reason is that many salespeople expect, before the call is even made, that the prospect will end it. “I call any 10 prospects and nine of them are a waste of time. Nine times out of 10 I lose.”
So they gear themselves up to not succeed. They expect not to succeed. It’s now a lot easier, when the call is headed toward “no interest,” to give up. They know what the prospect is going to say, and they know what they are going to say. Both are following the “no interest” script.
Both are comfortable in their respective roles.
Is there any reason why salespeople should act out their role in the script that leads them to give up? Why can’t a salesperson rewrite the script?
Because the original script is the way it is? Because that’s what you’ve been doing in the past? Because it’s easier to give up than try something different? Because that’s what the prospect expects you to do and who are you to disappoint the prospect?
None of these reasons seem valid, especially if the salesperson wants to go to the bank. Who should make the decision to end it? The prospect or the salesperson? If you let the prospect make it, you bailed out, and worst of all, you know that if you make the decision to end it, you leave without any doubts in your mind. That’s a much healthier mental attitude to go away with.
APPROACH:
If the prospect figures that the pressure for her to make a buying decision is over, just about any question you ask her at that point will be answered. Once she makes that “no” decision, she’s relieved. Once you seem to accept the “no” decision, she’s even more relieved. “Thank God that’s over with.”
Yes, it may be over. No matter what you do now, you won’t make the sale. But you need to try one last time so that the “end it” decision is yours.
“Why did you ever consider us?” you ask.
As you saw in the story, the prospect began reciting all of the reasons why she should be doing business with the salesperson. Isn’t that what you want?
THOUGHT:
You have nothing to lose by asking a prospect, who has told you “No, thanks,” to give you one more chance to get back in and do business.

Sandler Training is a global training organization with nearly 50 years of top-flight training experience. Sandler Training provides training and consulting services for small-to-medium-sized businesses, as well as corporate training for Fortune 1000 companies. With over 250 offices located throughout the USA alone, Sandler’s goal is to help clients initiate substantive, measurable and sustainable growth.

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A look inside – The iWatch from Apple

 

The Apple iWatch is a smartwatch that operates as a wearable computing device that acts as a smartphone. 4.2 million iWatches were sold in the second quarter of fiscal 2015. It is also known simply as the Apple Watch. This innovative watch has apps that allow you to summon Siri, read email, receive Twitter and Facebook notifications, track your heart rate and more, all without touching your smartphone. It comes in a variety of different colors and styles that make it easy to use at a business meeting, jogging, running errands and everything else in your daily life.
Pros

It works in conjunction with the iPhone
Improves your experience with Apple’s smart TV
Huge Appstore with more than 100,000 apps specifically created for the iWatch
Wide range of features available
Contains a warning system to make you fitter
Alerts you when you have been sitting in one place for more than two hours
Capability of replacing your car keys
Capability to allow you to start and stop your car engine, adjust the music, operate the headlights and more
You can customize notifications
Can be used as a Fashion accessory

Cons

Requires daily charging of the battery
You have to lock into the Apple’s ecosystem
You need to pay for most apps

Noticeably the cons list is shorter than the pros list. It is up to the consumer to decide if the iWatch is a beneficial tool for their lifestyle. To shed some light let’s consider a variety of lifestyles.

Business Person – Business owners and those who work for companies that require them to spend more time at work than at home will find the iWatch useful. First the convenience of the watch is highly beneficial. Usually, business men and women have busy schedules and they forget to eat right and exercise. There are apps that will track your heart rate, remind you to exercise and basically keep an eye on your health while you are busy taking care of business.
Stay at Home Parents – Parents that stay at home with their children and care for the home on a daily basis have an extremely busy schedule that requires them to accomplish a variety of tasks quickly. You can make phone calls, map out a daily schedule, set reminders and always have the iWatch with you at all times while still allowing your hands to remain free.

Consumers will soon realize that the iWatch is much more than a cool accessory, it will actually make your life easier. You can visit an Apple store to get a closer look at the iWatch and learn more about the features. While the cost ranges from $399 to more than $699, it will be well worth it if it keeps you healthy, reminds you to take care of yourself, keeps you on track with your daily schedule and overall improves your lifestyle.

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We all leave a legacy

By Armando Trabanco, Banking Executive.
As professionals, we are under constant pressure to perform and yield results.  We try and make the most of everyday, at times putting in 12 hours in what should be an 8 hour work day. We go from issue to issue efficiently, never understanding how our actions are affecting our teams and what they are learning from those actions. More importantly we never fully understand how we impact the young professionals in our companies, and what they will remember about us when we move on.

A few years back, I departed from a financial institution where I had started my career, and had a great 20 plus years.  To my surprise,  upon my departure I was honored with a farewell party.  At that party, a lot of folks talked about my professional nuances (which I didn’t know I had), and the impact that I had on their careers.  I was given a book, that my direct reports had prepared, with the phrases that I most commonly used, and which they had come to know me by. Here are a few examples; (1) Ask yourself – “Am I a part of the solution or a part of the problem? 2). My consistent response to, how are you doing? Unbelievable- its just another day in Paradise. 3) Get rid of the “Chicken Little” syndrome- just make it happen. 4) Don’t settle for your salary- you deserve to max out your incentive plan, go for it. 5) Those numbers are weaker than circus lemonade.  
Although comical,  it made me reflect on the lessons I had learned coming up in my career, and the wisdom imparted both spoken and unspoken. Many were words spoken directly to me, but others had been observations that I made as those leaders went about their daily routines. All have a special place and have impacted my professional life in one way or another. Each of those lessons helped forge my career. I was very proud that I had, unknowingly,  left some wisdom to those that worked with me, I only wish I’d known how much they were observing and listening.
As you start your week, take a moment to look around at all those you oversee, either directly or indirectly, because each one is seeing your example and taking wisdom from your actions.  All will be left with an impression, and that impression will be your professional legacy.  Make sure that legacy is a positive one.

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