Today is the financial year closing for all organisations in India. I had an extremely hectic day where we were trying to close a very large deal – which eventually slipped the deadline.
So again tomorrow morning we get back to figuring out how to get the deal in our favor.
As they say – There’s many a slip between the cup and the lip – so do large blockbuster deals have a way of going through multiple iterations before they fruitify.
That’s where having a sustained method of generating leads of average value orders makes a big difference to your pipeline. There’s better predictability in the system for your cash flows and you build the processes and infrastructure in your company to ensure that these orders can get revenued systematically without any chokes.
For most businesses however generating the sustained leads becomes a nightmare because we try to focus on too many things at the same time. If we were to focus on only a very few markets, by segmenting them and differentiating our offerings for each segment, there would not be too much of anxiety. The occasional blockbuster then can be managed within the existing system.
On the other hand if the growth is based on the back of the block buster while there’s no pipeline for sustained order booking then you are in for major challenges. Segmenting and niching the market is the only viable way for a Product Manager to ensure that they can get success in the market
Lets see what the new financial year has in store for us.
Till next time.