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The American Contractor Show

How to Scale & Manage a $100M+ Sales Team – Chuck Thokey

πŸ“… July 7, 2020 ⏱️ 29:51 🎀 John Dye, Chuck Thokey

Chapters

Click to jump to section

  • 1:11
    New backdrop and introducing Chuck Thokey
  • 3:23
    What it's like running a nine-figure organization
  • 4:31
    It's not how big you are, it's your bottom line
  • 6:46
    Compartmentalization as a competitive advantage
  • 8:27
    Business practices over sales-process obsession
  • 10:10
    Keeping the script and price presentation simple
  • 11:51
    Videotaping the price presentation
  • 12:59
    Why retail sales unlocks scalability and stability
  • 18:35
    Where to start building systems and processes
  • 19:41
    Stay in your lane; let people do what they're good at
  • 21:19
    Breaking past $10M by empowering the team
  • 24:03
    Adding locations and the rock-in-the-pond effect

Speakers

J
John Dye
Host, The American Contractor Show
Chuck Thokey
Chuck Thokey
Business Success Advisors (roofing sales trainer)

Key Takeaways

✦

It's not how big you are, it's your bottom line; boasting about ten locations means little if you're spending more on them than you earn.

✦

Companies stall around $10M because they obsess over the sales process and one or two marketing strategies instead of building solid business practices as the foundation.

✦

Scale comes from compartmentalization: as a company grows, roles become task-centric so people focus on and grow to their strengths, which paradoxically makes a $100M operation simpler on a personal level.

✦

Keep the sales script and price presentation simple; reps need to think about the customer in front of them, not recite a script, because sales is a transference of feeling.

✦

Videotape every rep's price presentation; owners almost always want to redo it, which is exactly the point, most price presentations are far worse than owners realize.

✦

Master retail sales: it's what built companies like Abel/Mr. Roof, is often more profitable than insurance work, and frees you from depending on storms for business.

✦

Every owner should be able to take a vacation and leave the phone behind while the business runs; if the business dies when the owner does, there are no real systems in place.

✦

Everyone must stay in their lane: separate production, project managers, and lead follow-up teams so sales reps aren't dragged into tasks they're bad at and the whole system flows.

✦

Adding locations is a slippery slope (the 'rock in the pond' effect); satellite offices never match the home base unless a capable, accountable owner takes real ownership of each, and avoid putting family or friends in charge if you can't hold them accountable.

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