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How to Skillfully Scale Your Accounts

How to Skillfully Scale Your Accounts

It’s almost impossible to have a realistic playbook for managing the growth of certain accounts. Whether you’re scaling up or down, the changes can be unpredictable and may disrupt your traditional processes.

Finding a new routine will take time, effort, and possibly additional resources. As an account manager, you have tremendous pressure to keep clients happy and continue to be proactive in their business as you scale your services and support their business growth. It is a delicate balancing act which can drive you mad. And having to juggle all of these responsibilities may cause you to drop the ball at some of the most crucial times. However, below are a few tips to help you manage the process of strategically scaling your accounts.

Prioritize the day

Your working hours are limited, so use them wisely.

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One handy piece of advice would be to start mapping out your time almost down to the minute and assigning numbers to accounts that correspond to their level of importance.

This does not mean neglecting smaller accounts. Falling into a lazy routine with these accounts can cause you to miss opportunities to grow their revenue (and thus your own earnings) or to lose customers altogether.

Restructure your work

Account managers have an ever-increasing list of responsibilities. The top performers have seen success when they delegate some of their work out.

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For example, if you need to concentrate more on the relationship side of the accounts, then you can utilize another employee who might be better at project management. There is no adjusting to this change without experimentation, but the experimentation phase will be a critical time. Confusion or mistakes coupled with changes will make clients understandably nervous about their future. And because a business will always need to be ready to adapt, a high priority must be placed on how to work out the kinks to develop new systems and processes for dealing with problems.

Scale down select accounts

Don’t discount the process of scaling a business down or firing yourself from an account entirely.

By shrinking the scope of certain work arrangements, you free up time to allow you to either seek new business or strategically scale higher-potential accounts. At the same time, you will want to avoid over-servicing accounts just because your schedule is more flexible as the enthusiasm may be off-putting to a client.

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Navigate roadblocks

As a business expands, so do the layers of bureaucracy.

So, when you read news about one of your clients hitting a revenue milestone or getting a new round of financing, it may be the perfect time to initiate discussions about scaling your services with them. However, this must be done skillfully as growth can be both an exciting and tumultuous time for workers.

Though your contacts may have bigger budgets to purchase your products and recruit your services, they may need to start seeking additional approval from their supervisors and managers. When you deliver your first sales pitch, gather information about who the other decision makers may be and figure out what you can do to get their buy-in as well.

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Insist on a progressive timeline

It’s a big shock to the system if anyone jumps from spending $200 a month to $2,000, even when it is clear that doing so would be a wise investment. To help ease your clients into an aggressive spending spree, suggest slow increases to their budget over time. That way, they can go from spending $200 this month to $500 next month, $1,000 the month after, and finally $2,000 a month after 60 to 90 days.

This can alleviate a client’s anxiety as it mitigates their risk and gives you the opportunity to prove that they are making the right investment by purchasing your product or recruiting your services.

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Last Updated on November 15, 2018

Success In Reaching Goals Is Determined By Mindset

Success In Reaching Goals Is Determined By Mindset

What do you think it takes to achieve your goals? Hard work? Lots of actions? While these are paramount to becoming successful in reaching our goals, neither of these are possible without a positive mindset.

As humans, we naturally tend to lean towards a negative outlook when it comes to our hopes and dreams. We are prone to believing that we have limitations either from within ourselves or from external forces keeping us from truly getting to where we want to be in life. Our tendency to think that we’ll “believe it when we see it” suggests that our mindsets are focused on our goals not really being attainable until they’ve been achieved. The problem with this is that this common mindset fuels our limiting beliefs and shows a lack of faith in ourselves.

The Success Mindset

Success in achieving our goals comes down to a ‘success mindset’. Successful mindsets are those focused on victory, based on positive mental attitudes, empowering inclinations and good habits. Acquiring a success mindset is the sure-fire way to dramatically increase your chance to achieve your goals.

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The idea that achieving our goals comes down to our habits and actions is actually a typical type of mindset that misses a crucial point; that our mindset is, in fact, the determiner of our energy and what actions we take. A negative mindset will tend to create negative actions and similarly if we have a mindset that will only set into action once we see ‘proof’ that our goals are achievable, then the road will be much longer and arduous. This is why, instead of thinking “I’ll believe it when I see it”, a success mindset will think “I’ll see it when I believe it.”

The Placebo Effect and What It Shows Us About The Power of Mindset

The placebo effect is a perfect example of how mindset really can be powerful. In scientific trials, a group of participants were told they received medication that will heal an ailment but were actually given a sugar pill that does nothing (the placebo). Yet after the trial the participants believed it’s had a positive effect – sometimes even cured their ailment even though nothing has changed. This is the power of mindset.

How do we apply this to our goals? Well, when we set goals and dreams how often do we really believe they’ll come to fruition? Have absolute faith that they can be achieved? Have a complete unwavering expectation? Most of us don’t because we hold on to negative mindsets and limiting beliefs about ourselves that stop us from fully believing we are capable or that it’s at all possible. We tend to listen to the opinions of others despite them misaligning with our own or bow to societal pressures that make us believe we should think and act a certain way. There are many reasons why we possess these types of mindsets but a success mindset can be achieved.

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How To Create a Success Mindset

People with success mindsets have a particular way of perceiving things. They have positive outlooks and are able to put faith fully in their ability to succeed. With that in mind, here are a few ways that can turn a negative mindset into a successful one.

1. A Success Mindset Comes From a Growth Mindset

How does a mindset even manifest itself? It comes from the way you talk to yourself in the privacy of your own head. Realising this will go a long way towards noticing how you speak to yourself and others around you. If it’s mainly negative language you use when you talk about your goals and aspirations then this is an example of a fixed mindset.

A negative mindset brings with it a huge number of limiting beliefs. It creates a fixed mindset – one that can’t see beyond it’s own limitations. A growth mindset sees these limitations and looks beyond them – it finds ways to overcome obstacles and believes that this will result in success. When you think of your goal, a fixed mindset may think “what if I fail?” A growth mindset would look at the same goal and think “failures happen but that doesn’t mean I won’t be successful.”

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There’s a lot of power in changing your perspective.

2. Look For The Successes

It’s really important to get your mind focused on positive aspects of your goal. Finding inspiration through others can be really uplifting and keep you on track with developing your success mindset; reinforcing your belief that your dreams can be achieved. Find people that you can talk with about how they achieved their goals and seek out and surround yourself with positive people. This is crucial if you’re learning to develop a positive mindset.

3. Eliminate Negativity

You can come up against a lot of negativity sometimes either through other people or within yourself. Understanding that other people’s negative opinions are created through their own fears and limiting beliefs will go a long way in sustaining your success mindset. But for a lot of us, negative chatter can come from within and these usually manifest as negative words such as can’t, won’t, shouldn’t. Sometimes, when we think of how we’re going to achieve our goals, statements in our minds come out as negative absolutes: ‘It never works out for me’ or ‘I always fail.’

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When you notice these coming up you need to turn them around with ‘It always works out for me!’ and ‘I never fail!’ The trick is to believe it no matter what’s happened in the past. Remember that every new day is a clean slate and for you to adjust your mindset.

4. Create a Vision

Envisioning your end goal and seeing it in your mind is an important trait of a success mindset. Allowing ourselves to imagine our success creates a powerful excitement that shouldn’t be underestimated. When our brain becomes excited at the thought of achieving our goals, we become more committed, work harder towards achieving it and more likely to do whatever it takes to make it happen.

If this involves creating a vision board that you can look at to remind yourself every day then go for it. Small techniques like this go a long way in sustaining your success mindset and shouldn’t be dismissed.

An Inspirational Story…

For centuries experts said that running a mile in under 4 minutes was humanly impossible. On the 6th May 1954, Rodger Bannister did just that. As part of his training, Bannister relentlessly visualised the achievement, believing he could accomplish what everyone said wasn’t possible…and he did it.

What’s more amazing is that, as soon as Bannister achieved the 4-minute mile, more and more people also achieved it. How was this possible after so many years of no one achieving it? Because in people’s minds it was suddenly possible – once people knew that it was achievable it created a mindset of success and now, after over fifty years since Bannister did the ‘impossible’, his record has been lowered by 17 seconds – the power of the success mindset!

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