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Troy Cole

Troy Cole

Sales Coaching for Refractive & Cataract Surgery Teams

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Money Loves Speed (A Sales Lesson)

Writing to you today from somewhere between Rosemary Beach, FL and Fort Worth, TX.

Our late-May beach vacation got pushed back to September (thanks, COVID). 4 sunshine-y days bookended a 3-day stint on the edge of Hurricane Sally. The giant waves and massive winds were… unreal.

Anyway, when I was doing my Morning Formula this a.m. before we got on the road, a line jumped out at me that I thought I should share with you:

“Money loves speed.”

I don’t know who originally said this as it’s been repeated so many times over the years. Google couldn’t even give me a good answer. It’s a general business heuristic at this point.

If you haven’t heard that money is attracted to speed, the concept is self-explanatory:

The faster you can move, the more momentum you can create (and preserve), the more money is likely to flow in your direction.

And this can be the difference between a consultation template that looks like swiss cheese, and one that’s busting at the seams with double-booked appointment times. (a good problem to have)

Some examples from the patient journey:

  • Booking a consult – The faster you contact a new lead, the more likely you are to connect with them to book a consult. Money loves speed.
  • Showing for a consult – The sooner you can get someone in for a consult, the more likely they are to show up. Money loves speed.
  • Booking SX – The more you can minimize downtime in the consult, the more momentum and excitement you can build = set yourself up took book surgery for your ideal prospects. Money loves speed.
  • Keeping the SX appt – The sooner you can book that surgery, the less likely they are to get cold feet and back out. Money loves speed.
  • Getting referrals – The faster you can get people talking/reviewing/sharing/posting about their treatment after it’s done, the more referrals they are going to generate for you. Money loves speed.

It’s a mindset more than anything else. And as you can see, it has massive effects throughout the patient journey.

More:

While money is attracted to speed, I’m not recommending you “rush” patients to make a hasty decision.

“I don’t want to hard sell, Troy!” Yeah, I don’t want you to. You don’t have to. You actually shouldn’t. It doesn’t work anyway.

You must leverage speed and momentum in the proper context .

When done in the right way, this is how you help your ideal patients overcome their irrational fears and take the action they know they need to take. That’s how you can move them from the phone to the consult to the surgery suite in short order.

We cover this in our 12-week sales training workshop. We work with our clients’ salespeople to “retrain their brains” around the specific application of speed and momentum.

Apply for your strategy session here – https://pgm.troycole.com/strategy-session

And remember, money loves speed. So don’t drag your feet…

Godspeed,

Troy “The Flash” Cole

PS – I mentioned my Morning Formula. This is a daily morning ritual where I review my goals, challenges, motivations, affirmations and mission.

It’s the ideal exercise to get into the right headspace for the day. My Morning Formula only takes a few minutes, but it’s one of the best time investments I make into my business and my personal development.

I recommend it for practice owners, admins and even team members. Anyone who wants to keep developing themselves and get better at life (biz life and personal life) can benefit.

Happy to share more about this if you’re interested. Just message me and let me know…

37 things I’ve learned in 37 years

Aledo, TX
September 23, 2020

Guess who turned older today? Yup, this guy.

And I actually have a gift for you today…

37 life, biz and sales lessons that have stuck with me in my short 37-year ride on this planet.

There’s plenty of business advice floating around out there, some with longer shelf life than others. These are the ones I find myself going back to day after day, year after year.

Shout-outs to several awesome people and mentors who have influenced this list – The guys at Traffic and Funnels, Alan Weiss, Ian Stanley, Ryan Holiday, Ray Dalio, Colin Theriot, Scott Adams, Jack Butcher and of course Jesus.

  1. “Whatever you do, work heartily, as for the Lord and not for men.” – Col 3:23

  2. I am 100% responsible for every decision I make and everything that happens to me.

  3. Most decisions should probably be made with somewhere around 70% of the information you wish you had. If I wait for 90%, in most cases, I’m probably being slow. Either way, I am good at quickly recognizing and correcting bad decisions.

  4. Begin anywhere. There’s rarely a clearly defined path, especially when innovating. Start anywhere, build it out, test quickly, iterate, improve over time.

  5. Be results-focused, not task-focused. If you’re doing a lot but not getting anywhere, you’re task-focused. Focus on the inputs that get the best result.

  6. Don’t want a thing for other people more than they want it for themselves.

  7. “Busy” is a choice, and I don’t make that choice. Some days I have more work to do than others. But I’m never “busy.”

  8. Time is not connected to impact. Impactful things don’t have to take long. Long things aren’t inherently impactful. Focus on impact, not on “spending time.”

  9. Essentialism – Determine the vital few from the many good.

  10. Protect and limit my inputs. Everything I consume influences me in some way. I don’t think it does, but it does. Most things distract. Accept inputs (content, advice, feedback) only from people who teach + inspire me.

  11. If it’s not a system, it’s not a business. What can I systematize today? How can I improve my systems today? How can I remove myself from a system today?

  12. The One Thing – What’s the one thing I can do now to render other things down the line either easier or obsolete?

  13. Decisive and Lightning Fast – Be decisive. Make a decision. Then be Lightning Fast at executing it. Like a kick returner in the NFL. He decides he’s going to run it back, then he takes off as fast as he can go.

  14. Never believe what anyone says about you, good or bad.

  15. “Become immune from distractions. Pay attention to nothing, except the truth.” – Marcus Aurelius

  16. Build once, sell twice. Systematize your business and knowledge if you want to serve more people and have a bigger impact.

  17. Detach from the results. The results do not matter because they are “lag” indicators – you must focus on the “lead” indicators – the execution system – and the results will handle themselves.

  18. You build your environment, and your environment builds your identity.

  19. Cherish and protect your time, your most valuable resource.

  20. My biggest competition isn’t other consultants, other agencies, other husbands, other dads. I’m competing against my own potential. Am I being my best?

  21. Express gratitude every day. For big things. For little things. Especially for the little things. I’m unbelievably blessed.

  22. Maintaining proper health (diet, exercise, rest, mental fitness) is the greatest ‘life hack’ on the planet.

  23. Keep an active mind, and continue to grow intellectually. I either grow or regress. Nothing stands still. Stay curious. Investigate. Test things.

  24. A clear, persuasive communication skillset is one of the most broadly applicable assets anyone can have. Keep developing it.

  25. Price is only an issue in the absence of value. Any price without a well-executed sales process is “too high.”

  26. Remove all chronically stressful situations, environments and people from my life. There’s a huge opportunity cost to this. One bad client, patient or “friend” detracts from my ability to serve the others.

  27. People treat you how you teach them to treat you.

  28. Outside of yourself, you control nothing… but you can manage anything.

  29. Life is an adventure. Treat it that way.

  30. Situations aren’t important. How you react to them is.

  31. Relative Change – No need to be perfect. Just be better than you were last week. Do that week after week for compounding results.

  32. There is massive opportunity everywhere you go. When you believe that, you start to see it. When you are focused on scarcity, those opportunities don’t even cross your radar.

  33. Security is the lowest form of happiness.

  34. Patience is profitable. Achievement comes from the sum of consistent small efforts, repeated daily.

  35. Risks are unavoidable, so take calculated ones.

  36. If you can articulate and communicate your position better than anyone else, you own your market.

  37. I am a child of the most high God. This is my identity. It’s my ultimate reality.

Hopefully you found at least a couple of concepts to give you extra motivation, excitement or drive to go after your goals.

Before I head to birthday lunch with my family, I want to thank you. For reading my essays, for your feedback, for challenging me.

Iron sharpens iron. We all continue to get better together.

– Troy “Older/Wiser/Grateful-er” Cole

CRSToday Magazine Cover Story – What Ms. Sweet Brown says about social media marketing…

The fine folks at CRSToday Magazine asked me to write a cover story about social media marketing for refractive practices.

When I’m talking to practices about all the different aspects of social media marketing, and how to actually do it right…

It’s not uncommon to hear a response that sounds like it’s from Ms. Sweet Brown herself…

I agree! Which is why I wrote this entire essay on “The Documentation Method” – a strategy for your practice to go gangbusters on social media… without having to create original content.

You do have time to read this article (and if not, send it to your marketing director and tell them to read it and implement asap).

Whether you’re in the refractive game or another elective medical specialty, you’ll find useful nuggets in this piece.

Here’s the link.

Go forth and prosper!

Troy “Fast Track” Cole

Bryson breaks all the “rules” (and you can too)

If you’re a fan of pro golf, then you’re probably aware that Bryson DeChambeau (day-SHAM-bo) won the U.S. Open this weekend.

If you’re not a golf fan (or if you’re not up to speed on the quirks of Bryson), let me tell you a little bit about why and how this muscle-bound dude with the flat cap is disrupting the Gentleman’s Game.

Traditionally, you could say golf is about feel. You head out to the course, the driving range, the putting green. You take thousands of shots, see what the ball does, adjust your swing as necessary, get the feel right, and try to improve your game.

Bryson takes a whole different angle. In fact, he’s known as the “Mad Scientist of Golf.”

He takes a scientific, data-driven approach to developing his golf game. And it’s unconventional to say the least.

A few examples:

  • He uses a tracking device every time he goes to the range. It shows him his speed, the ball launch angle and other useful data. He’s using that data and adjusting with each rep to hone his shot.
  • In a traditional set of golf clubs, the irons are each a different length. All of Bryson’s irons are the exact same length (37.5 inches). This allows him to use the same swinging motion and ball positioning on each shot.
  • On the green, he uses an approach called Vector Putting. Depending on the distance from the cup, and the slope of the green, he calculates the exact angle and speed to hit the ball.
  • He has a very stiff and awkward putting stance, which he does to minimize the pivot points. Fewer variables = fewer ways to mess up the putt.
  • He works out every day, without any “rest days.” (Most athletic trainers would recommend against this).
  • At the end of last season, Bryson determined that to better his game, he needed to hit the ball further. So he gained 35 lbs of mass in the off-season, and he is now has the furthest drive on the PGA tour.

And none of this is a secret obviously. Bryson is a PGA pro. His peers see this. The media sees this. And many of them are critical of it:

“He’s ruining the tradition of the game by playing it like this.”

“You can’t just hit the ball further and hope to win tournaments.”

“No one can be as ‘in their own head’ as he is and keep solid composure through the pressure of a tournament.”

And yet…

The guy is one of the top-ranked golfers in the world, and just won one of the most difficult tournaments of the season by 6 strokes (which is huge in golf).

The question was “Can he win the U.S. Open despite his approach to the game?” And he would say that he won because of his approach to the game. Because he broke all the “rules.”

Why am I telling you all this?

Your takeaway – Sometimes to achieve greatness, you have to break tradition. You have to move away from the way people have always done things.

And even move away from the things that very successful people are doing and have done. Because those tactics may not work for you. Or heck, you may not want them to work for you.

“Well, you need to run big discounts if you want to fill up your treatment schedule.”

“People care about technology, so you need to lead with that in your marketing.”

“If you have discount providers in your market, you have no choice but to lower your prices so you can compete.”

These are are popular ideas in the business of elective medicine.

But that doesn’t mean it’s the way you have to do it.

You can do whatever you want. It’s your business. It’s your world. It’s your reality.

You didn’t come this far, have this huge vision, take all the risks to get to this level…

just to be put in a box of tradition.

And unlike Bryson, who is disrupting a game that has a long-standing history of “how it is played”…

The very nature of your business is innovation. New technologies. New treatment options. New discoveries.

You apply this idea to the procedures you do. Make sure you also apply it to your business growth as well.

Our firm is in the same boat. We take a very different approach when we work with practices on their patient conversion processes.

People will tell you…

“You need to memorize all your sales scripts.”

“You need to answer every question the patient has.”

“Your #1 goal is to book the surgery.”

This is all conventional wisdom. But it doesn’t address the root challenge.

If you want to grow a massively successful, premium practice, it starts with your team.

They must share your passion. They must have the right mindset around patient care and your mission as a practice.

And they must convey that passion and mindset in a way where the patient is the center of the story, not your practice.

Yes, we get into the scripting and word tracks and objection-handling and all those things. But that’s the easy part.

The challenge is getting your key team players on-mission, and getting their mindsets right. Killing limiting beliefs and building new identities.

Sounds a little woo-woo doesn’t it? But that doesn’t mean it’s not true.

I’m not telling you anything you don’t already know and experience every day.

Your passion drives you. Your mission drives you. Your identity drives you. If not, you would have quit by now. But you haven’t.

But you’ve gotta get your team on that level too.

Which takes something different than what everyone’s always done. It’s time for a new approach.

Just ask Bryson…

Troy “Hit It Hard” Cole

”What if a caller asks a question I can’t answer?”

This question comes up often, including on a training call last week. You need to know how to deal with it.

It’s typically from someone on the phone team, usually a newer team member who is still learning the ins and outs of your practice and your treatments.

“What do I do if a caller asks me a question and I have no idea what the answer is?”

Common advice you’ve heard – Tell the person, “That’s a great question, and I’m not sure the answer. Do you mind if I put you on a brief hold and get an answer for you?”

Honesty is a great policy. And this is a much better solution than what I hear phone people do from time to time, which is trying to wing it. Practicing medicine on the phone. Telling patients incorrect information because they don’t want to look ignorant. (awful)

And certainly there are cases when this type of response is appropriate.

But the mindset around “answering questions” is faulty.

Meaning ironically, “What if someone asks a question I don’t know the answer to?” … is the wrong question to ask in the first place.

It’s not the job of your phone team to be human encyclopedias. Nor is it their job to answer every question asked of them.

Quick story –

I went through a call recording with a phone team member. The caller wanted to play 20 questions, and the phone person answered them all flawlessly. Then the person got off the phone, saying they would call back if they want to book.

I asked how she thought the call went. “I think it was good. I was able to answer all their questions.”

And therein lies the problem.

Whether you can answer all the questions or not… is irrelevant. Because the goal of the call is not to answer questions.

The goal of the call is to help the caller take the action that’s right for them.

In 98% of cases, that action is to come in for a consultation.

Your phone team cannot diagnose patients’ conditions over the phone. They can’t recommend a surgery.

But they can book consults. Which is exactly what they should be doing.

And as long as you’re leading the call with the proper language and specific authority framing, the prospect will not be in the position to ask a bunch of questions in the first place.

More:

Once we install this new mindset into your phone team, and they understand it’s not their job to answer every single question, they immediately feel a sense of relief.

That nagging anxiety of “Their next question may be something I don’t know” goes away. The pressure is off.

The result – Calls get shorter. Your phone team gets more efficient. They gain more confidence.

Which all results in more prospects ending up on your consultation schedule.

Remember…

Your phone team is the doorway into the practice. Without them, you have no consults, you have no surgeries, you have no business.

So make sure they are fully equipped with weapons-grade mindset and tactics to turn as many leads into consults as possible.

The E3 Phone Team Intensive, which is a module in our 12-week sales and positioning workshop, breaks this “human encyclopedia” limiting belief. It also destroys and replaces 2 dozen other bad habits and faulty thought patterns that stand in your phone team’s way of growing your practice.

If you’re ready to have a pro-level phone team and start filling those empty consultation slots, apply for a strategy session now.

Stay empowered,

Troy “Encyclopedia-less” Cole

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