We scan new podcasts and send you the top 5 insights daily.
Once commercial terms are agreed upon, immediately project-manage the legal process. Set micro-deadlines for receiving first cuts and returning revisions, and crucially, pre-schedule a legal-to-legal call on the calendar to create urgency and prevent delays.
After agreeing on terms, delay sending the final approval email for several hours. CC an executive (CEO or CFO) on the email to add gravity and make the concessions feel like a significant, one-time exception that was difficult to secure.
Avoid vague commitments like "end of next week." Instead, insist on converting all follow-up plans into specific numeric dates and times (e.g., "Tuesday, November 4th, at 11 AM"). This micro-skill forces clarity, creates a firm commitment, and prevents follow-ups from falling through the cracks, holding both parties accountable.
Two clear red flags indicate a deal is at risk: relying on a single contact and having a close date not tied to a specific buyer deadline. To de-risk a deal, sales reps must engage multiple stakeholders (multi-threading) and anchor the timeline to the buyer's critical business needs.
To avoid stalled deals, continuously test the prospect's engagement. If a stakeholder consistently fails to meet small commitments—like providing requested information on time—it is a strong indicator that the deal is not a priority for them and is at high risk of stalling.
To prevent deals from stalling in legal, work with your champion to establish a 'red line deadline' — a mutually agreed-upon schedule for when their legal team will provide feedback. This empowers your champion to hold their own legal department accountable to a timeline.
To finalize an 18-month negotiation with music labels, Eleven Labs set deadlines to create urgency. These 'forcing functions' proved effective in driving the deal forward, even when the dates had to be moved. The imposed timeline compelled parties to make decisions and find a resolution.
To prevent deal slippage, don't just present a timeline; co-create a mutual action plan with the client. This shared ownership makes them feel personally accountable and less likely to delay, as they would be breaking a joint commitment rather than just pushing a vendor's date.
To create a high-velocity culture, managers must actively pull deadlines forward. Don't just accept a proposed timeline. Ask what's blocking it, question the actual work hours required, and repeatedly challenge why it can't be done sooner.
To prevent deals from stalling during vendor or security reviews, sellers can assign artificial deadlines for tasks like redlines. This creates a sense of urgency and compels the prospect's internal teams to prioritize the deal, maintaining momentum.
Instead of just emailing a contract and hoping for a signature, schedule a specific, short "Signing Day" meeting on the calendar. This creates a clear closing event, adds a sense of ceremony, and prevents the deal from stalling in the final step.