Let’s look at a two-step process with different levels of effectiveness at each step, and then do some math.
What’s this about? It could be anything, but let’s start with something like “marketing” and “demo” – a two-step process for making a sale. (Yes, I know it’s more complicated than that, but we’re doing theory here.)
Let’s imagine a world where 80% of your marketing efforts result in you getting a demo, and 20% of your demos land the sale. Which should you work on improving?
First, gotta plug in some sample numbers. We’ll say 100 initial outreaches, which means 80 demos. Of those 80 demos, you get 16 sales, using the 80%/20% rates from above.
If you improve your marketing effectiveness to 85%, you get 85 demos, and thus you get 17 sales if you maintain a 20% close rate on your demos. But if you improve your demo close rate to 25% while maintaining an 80% marketing effectiveness rate, you get 20 sales!
Okay, now for the counter-intuitive conclusions. There are a lot of reasons to improve the thing you’re worst at in any process. First, it’s often easier; in the example here, it’s probably much easier to bring a bad close rate up a few points than it is to improve something you’re already pretty great at. And second, we just saw via the math that your end outcomes improve more rapidly up to a certain point when you do that.
But I’m going to advocate for a different strategy – one you should use whenever you’re able. You should eliminate the step you’re worse at.
In the analogy above, the salesperson shouldn’t do their own closing! They should sell active demo appointments to someone who is good at closing (and maybe not so good at marketing). Instead of getting 16, 17, or 20 sales out of every total 100 marketing attempts, they’d get 80 sales out of every 100 marketing attempts – by changing what they’re actually selling!
This is the assembly line of effectiveness. Don’t weigh yourself down with things you’re not as good at when there are deals to be made and alliances to be forged. After all, every good two-step has a partner.