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Process approach
At Turn Eight, we understand there is a distinct difference between
1) making your numbers through dependency on repeated heroic efforts,
and 2) building a scaleable, repeatable revenue generation infrastructure.
In fact, at each stage in your company’s
growth, different challenges arise that will dramatically affect
your ability to produce revenue. In the early stages of your business,
your company needs market credibility as the foundation for future
sales. As you grow, you may require stronger partners with vertical
domain expertise to round out your team. And to finally accelerate
you to the market leader position, you may need to acquire new
products and resources.
For this reason, we align our services directly to
these critical turning points. We work with potential and current
investors, board members, the C-Suite and executives in sales, marketing
and engineering, to ensure that all appropriate personnel are aligned
on the critical objectives facing the company at any given time.
Click
on Validate, Calibrate, Execute or Leverage for more information:
Validate>
Who really wants my product or service? And who wants it the
most?
Are you building a product, or
creating customers? The most fundamental aspect of
your business is often the one most readily overlooked,
simply because you have a great idea, a great product,
and a growing urgency to sell it.
But is your market viable? Does your product
provide what your customers (really) want? Are there compelling
business benefits, and have you articulated them well? And
do you have customers that can validate what you say?
Does Engineering understand what they need
to develop? Does Sales know how to position against your competition?
Turn Eight validates:
- customer need
- market viability
- product viability
- competitors
- value proposition
- market positioning
- reality check
How do I get the first few customers signed
up? Where do I find them?
It’s not fun, but it’s
the most important thing you’ll ever do: get your
business processes right the first time and you’ll
save significant time and money later.
The problem is, almost no one gets it right
the first time. Generating early revenue requires an iterative
process. You need to test your messages, test your market,
test your product, test your sales process, then refine them
and test them again.
And about the time you think you’ve got
it right; market factors change, competitors adapt a newstrategy,
and you’ll need to start the process over or will find
yourself out of calibration. These critical adjustments must
happen throughout your organization and throughout your life
cycle. Do them and you’ve built a solid infrastructure
for future growth.
From the appropriate sales model and lead generation,
to product management and customer support, your organization’s
ability to generate revenue depends on every structural decision
you make. And an unwavering commitment to continued discovery
and learning:
Turn Eight Calibrates:
- target markets
- value propositions
- pricing
- complete reference customers
- how to compete
- lead process
- sales process
- salesperson profile
- pipeline process
- loss analysis
- customer service
- professional service
- partners
How do I make this a scalable, repeatable
business and make some real money?
The single, most critical thing
you can do to increase shareholder value is to create
an ability to produce scaleable, repeatable revenue.
In this stage, it’s all about execution.
What does a good prospect look like? How many
leads do you need in your pipeline to meet your numbers next
quarter? What’s the longest stage in the sales process
and how you are going to reduce it? Do you have enough of the
right sales candidates in your hiring pipeline? Can Professional
Services hire enough people to meet the customer demands? Is
the product being designed to reduce support costs? Are your
channel partners growing their business fast enough?
At this stage in your growth, more than at
any other, it’s not just about Sales. The entire organization
has to be working together, executing to the same plan and
continually adapting to the internal and external forces on
the company. Foresight, experience, and excellence in execution
must align to produce scaleable, repeatable revenue.
Turn Eight Executes:
- executive oversight
- product marketing
- lead generation
- market presence
- sales process
- sales channels
- hiring
- compensation
- training
- pipeline tracking & management
- trend analysis
- processes & metrics
How do I get to the next level? Can I make
this really big and succesful?
By this point your company has attained a
level of success. This is an exciting time in your company’s
growth, but one that requires careful consideration toward
the impact new growth can have on your revenue production.
Are there new Markets that your products/technology
can be applied to? Is the growth going to come by repurposing
the product/technology or are you going to acquire new products/technology?
Will new partners provide you with a new source of revenue?
Can you increase the penetration in the existing customer base?
Never be complacent. Always look ahead. Enter
new markets, find new partners, motivate, innovate, and reinvent
yourself. At Turn Eight our experience aligns with your vision
to help invigorate your existing revenue and create new opportunities
for increased shareholder value.
Turn Eight leverages:
- larger average sales
- recurring revenue
- customer expansion
- increased channels
- new products
- new markets
- new business partners
- new business models
- mergers & acquisition
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