Israel and Hamas, Trump and Xi—we are surrounded by examples of Negotiations, both good and bad. Whether it’s geopolitical, life-saving measures, real estate transactions, or simply business, there are ways to negotiate that don’t burn bridges or result in image problems. Let’s discuss before, during, and after the negotiations, and how you can plan for success. Before we start, though, let’s talk about WHY you negotiate. Sometimes the situation is crystal clear. Negotiating pricing, closing costs, and closing dates are part of the process when buying a house. Sometimes you are faced with a situation where you SHOULD negotiate, or COULD negotiate, but don’t. We are often conditioned to accept business practices at face value because they have become institutionalized. Past practices do not mean you can’t negotiate and improve your situation. You have a responsibility to yourself and your organization to negotiate.  For example, conversations with distributors and their supply par...

“In playing ball, and in life, a person occasionally gets the opportunity to do something great. When that time comes, only two things matter: being prepared to seize the moment and having the courage to take your best swing.” – Hank Aaron “Batter up!” Baseball is in full swing and so is succession planning. Are you building your bench strength?  If not, START.  Easy to say, but where do you begin? One key element is learning and development for your current team. Employees STAY when they feel an organization is invested and investing in them. LinkedIn’s 2018 Workforce Learning Report  LinkedIn’s 2018 Workforce Learning Report found that 93% of respondents would remain at a company longer if it invested in their career. LinkedIn Learning’s 2021 Workplace Learning Report  LinkedIn Learning’s 2021 Workplace Learning Report confirms that this trend still holds true. Gen Z employees especially place a high value on learning in the workplace, and the associated career ...

It’s National Memory Day It seems like I discover a new holiday every day.  Today’s special day is promoted as a day to celebrate our memories.  As you might imagine, I have many memories.  For example, I still remember June 6, 1977.  On that fateful day, I walked into the main lobby of the Allen-Bradley building at 1202 South Second Street in Milwaukee.    I had on a newly acquired three-piece gray suit and a conservative blue tie.  The weather was warmish, I was nervous, and I can still recall feeling a bit uncomfortable in business. I can remember a few other important days in my career.  I won’t bore you to tears with the details, but memories, being little snapshots of life, have a way of sticking with us.  But the mind is a strange thing, while bits of minutia linger, other important points slip through the cracks disappearing forever.   What slips through the cracks? Routine and often repeated activities can be the first to go....

Since the launch of Industrial Supply Magazine nearly 14 years ago, I have had the privilege of authoring nearly 150 articles for their readers.   I love the publications because they serve the markets that I find most interesting.   I also know that many of my long-time friends read and find value in the messages contained on their pages.   Last year I was offered to host an ongoing column devoted to sales in our business and I accepted the new challenge.  Here is the good news, the bad news , and the great news . The good news – Quoting one of my heroes, Teddy Roosevelt, this column gives me a “Bully Pulpit” for talking about issues that I feel strongly about.  The Pulpit part implies preaching, which I promise to tone down.  But still, things like the sales process, getting paid for our knowledge, and fee-based services have been part of my lexicon since long before starting River Heights Consulting.  I guarantee I will constantly remind peo...

I love a good challenge.  While talking about sales training with a sales manager from another industry, I made the statement, “Our kind of selling is different.”  The sales manager, who fancies himself as an expert and comes from a consumer-based background, took offense.  He asked me to differentiate our type of sales from the sales background he experienced.   Transactional sales Thinking back on the several hundred books on selling that I have read, I would characterize all but a handful as focusing on transactional selling.   Transactional selling is focused on making a one-time sale and then moving on to the next customer.   This type of selling is often used for commoditized products or services.   Think about the last computer you purchased.   Did the company create or provide anything that caused you to want to continue your relationship?   In my mind, the salesperson's goal was to make the sale – period.     O...

Let’s start with two quotes from great thinkers from different and definitely not distribution backgrounds.      "A favorite theory of mine is that no occurrence is sole and solitary, but is merely a repetition of a thing which has happened before…"                  Mark Twain   “Those that fail to learn from history are doomed to repeat it.”              Winston Churchill   There are no history books for those of us in the Knowledge-based distribution world.  While I consider myself to be a history buff, I am certainly not an official historian.  But, to quote the popular commercial, I did spend the night in a Holiday Inn Express.  Probably more than a thousand nights in various hotel rooms while earning a living in the distributor business.  So here is my attempt at writing history.  ...

True Confessions:  I have never really cared for the use of the term “adult” as a verb.  Over the past few years, after h earing lame and seemingly made-up excuses from several people, I have decided it is appropriate in many ways, especially in the field of Sales.  We know we all got a little too comfortable with working remotely in our PJs and some are still fighting the return to normal. You see, I spent my entire life in one way or another tied to the selling process.  I self-categorize myself as a salesperson. I love everything about the whole concept of asking questions and presenting potential solutions to engaged customers.  I have made it my job to help others get started and grow in the business.  In the process, a trend has surfaced. I would call it a lack of Adulting. "Alexa, order me an alarm clock on wheels" Adults get to appointments on time. Let’s start with the simple premise, you tell someone you will be at their office at 9:00.  Cool...