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Account Managers & Dynamic Whitespace Map

Freedom, Introduction to Art, Cost of Dating, Rohan Bopanna, and Checks

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Salutations, Olio aficionados! šŸ‘‹

Happy Hump Day and welcome to the 66th edition of Weekly Olio - your trusty source for giggles, wisdom, and a dash of intrigue courtesy of our tantalizing thought piece (yes, buckle up for Publisher's Parmesan). šŸ§€

This edition of Weekly Olio is brought to you by Levy.

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Founders spend 40% of their time (or more) on back-office operations. But what does that actually cost the business?

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The Quote󠀢 šŸ’­

ā€œEverything can be taken from a person but one thing: the last of the human freedoms - to choose oneā€™s attitude in any given set of circumstances, to choose oneā€™s own way. ā€

ā€• Viktor Frankl

The Tweet šŸ¦

The Cultural Tutor is one of our favorite Twitter (now X) writers on art and culture. For those of you who want to appreciate art but struggle for a starting point, this thread is a must read. It is a step by step primer on different art styles, the top masters that defined each style and the historical context that led to the emergence of that style. Must read if you want to make sense of what are you artsy friends are talking about!

The Infographic šŸ’¹

While Valentineā€™s Day wrapped up last week, our friends at The Economist put together this interesting graphic on the fifteen most expensive cities in the world for a lavish date: starting with drinks at a swanky hotel, followed by a lavish two-course meal, a trip to the cinema, a taxi home and nice bottle of bubbly to cap things off. Interestingly, couples in Shanghai and Bahrain spend more than entire Europe. Paris - the city of love manages to snag the fifth spot - just ahead of another middle eastern city, Amman. Which city will you choose for next yearā€™s Valentineā€™s Day?

The Short Read šŸ“

A few weeks back, Rohan Bopanna shocked the world by winning the his maiden Australian Open Menā€™s Doubles championship at the young age of 43 years! By doing so, he became the oldest person to win a slam and the oldest person to rank number 1 in menā€™s doubles.

Rohanā€™s journey is a story of grit and resilience. The last time he won a Grandslam was in 2017 - the mixed doubles title at the French Open. From almost retiring from the sport to coming back and winning a grand slam, speaks volumes about his resilience. Lots of life lessons from his victory in Melbourne.

The Long Read šŸ“œ

The business of check cashing - by Patrick McKenzie

Patrick McKenzie, also known as ā€œpatio11ā€, is a former Japanese salaryman turned entrepreneur who has run several small software companies. He has worked for Stripe and is known for his prolific writing, particularly on the intersection of marketing and engineering.

The article discusses the alternative financial world of check cashing. The service primarily aids individuals at the socioeconomic margins by converting payroll and other checks into cash or immediately spendable value for a fee. This industry has been controversial due to its existence and the persistence of its customers in using it. The article also explains the process of check presentment, where a banked individual deposits a physical check with their bank, which then makes an electronic copy of the check and communicates it to the bank the check is drawn on.

This edition of Publisherā€™s Parmesan is brought to you by The Rundown AI.

Stay up-to-date with AI.

AI wonā€™t replace you, but a person using AI might. Thatā€™s why 500,000+ professionals read The Rundownā€“ the free newsletter that keeps you updated on the latest AI news, tools, and tutorials in 5 minutes a day.

šŸŽ‰ Drum roll, please! šŸ„ Let's give a hearty round of applause to our guest post writer, Shruti Gupta! šŸ“œšŸŽ©

Shruti is currently a multidisciplinary designer and a Founding member of Glowstick building a Conversational Intelligence Platform for post-sales teams. Previously, she has worked with Tribalscale, GOLO and Bankbazaar.

Publisherā€™s Parmesan šŸ§€

Account Managers & Dynamic Whitespace Map

Every week on the Glowstick calendar, we have a recurring Design Review meeting with the entire team. Sales, Engineering, and Founders will all attend, and as the Founding Designer, I lead the session where we collectively focus on the design problem or solution for that week. Some days presenting in-progress thinking or completed work is exciting; the conversations spark new insights, collectively ideas are generated, and everyone leaves fulfilled.

But on some days, I feel the nerves kicking in, unsure if Iā€™ve considered the problem from all directions, parsing feedback, tripping on my words and pixels. Showing one's work never gets easy because Design, like Film and Sport, is always open to critique, and we have good days and challenging ones!

So this year, in an effort to embrace the discomfort, Iā€™m adopting the philosophy of "Designing in the Open". Credits to Brad Frost who talks about it as a way to get used to sharing one's work, getting feedback, reaching more users, and sparking conversations.

Today Iā€™ll talk through one of the cool features weā€™re building at Glowstick - the Dynamic Whitespace Map. At Glowstick, we enable Account Managers in Post Sales to detect insights in their recorded customer conversations using AI. We integrate with call recording software like Gong and CRMs like Salesforce to surface actionable insights that the Account Manager can then prioritize into their workflow.

For those unfamiliar with Sales, the whitespace map visually represents an Account Manager's book of business, highlighting areas where a company can expand its revenue through the sale of products and services. However, the conventional whitespace maps, often crafted in Excel, face challenges with manual updates and complexity, especially in companies with diverse product offerings, vaguely resembling the one below. As a result, they lie forgotten in some folder gathering dust.

Enter the Dynamic Whitespace Mapā€¦

From our research and discussions with multiple Account Managers, we learned that Whitespace Maps are rarely static. Over a customer's lifetime, they are in a constant state of flux, buying new products or churning off of something else, and the Map needs to reflect that at all times to give the AM a true picture of where opportunities really exist.

Embedded Loom Video

What you see in this map is a filtered list of 20 accounts, but how does an Account Manager really decide where to focus their attention when quotas have to be met and time is ticking? Keep reading/watching as I share a few ways weā€™ve designed for this map to help the AMs be more strategic.

1. FILTERING:

The Renewal Date provides crucial information about when a customer will renew their contract. This insight gives Account Managers the bandwidth to strategically plan ongoing deals and tap into existing whitespace. Prioritizing by working back from the renewal date is one way to plan their work effectively.

Embedded Loom Video

2. GLOWSCORE:

So youā€™ve set up filters, and now your list of accounts went from 100 to 80. That's still A LOT of manual lift on the AMs' part. 

šŸ„ DRUMROLL PLEASE šŸ„ 

Enter the very cool GlowscoreTMļø ā€“ a game-changer. Leveraging metrics such as customer health score, pipeline deals, and last customer engagement, to mention a few, the Glowscore guides Account Managers towards specific accounts ripe for upsell or cross-sell conversations.

Embedded Loom Video

3. MEDDPICC;

MEDDPICC (or MEDDIC) is a proven Sales Qualification methodology. With Glowstick's secret AI sauce, we populate these criteria from calls the AM and CSM are having with the customer. This, in turn, empowers Account Managers to move forward with opportunities that exhibit stronger MEDDPICC strength compared to others.

Embedded Loom Video

For those hungry for more insights into AI-powered Whitespace Maps, check out the dedicated Glowstick podcast episode right here.

Till then, stay safe and curious! šŸŒŸāœØ

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