What happens when this is the case?
- Full potentialities cannot be realised – Even if they are 100% loyal to your business, small clients can provide you with only so much activity. If your portfolio doesn’t include a mix of large and small clients, your costs of sales and supply will continue to escalate, and profits diminish.
- Poor presentation skills lead to poor conversion rates – Hard as your sales team tries, if they fail to break into big accounts, slowly but surely their confidence starts to erode. So much so that they lose hope of converting a more significant opportunity and continue to spend their time with smaller accounts. This, in turn, becomes a decreasing spiral of missed sales opportunities and declining margins.
- Fewer opportunities to grow – Employees fail to move ahead professionally as career opportunities in a stagnant or slow-growing company become few and far between.