Like so many women I have interviewed, Linda Richardson never intended to have a business career.
She did not plan on starting a sales performance company (Richardson) that has been named a Top 20 Sales Training company for six consecutive years.
She did not plan on starting a company that would have a global presence.
She did not plan on selling that company.
But, for Linda, like many of us, life does not go as planned!
An English major and an avid reader, Linda pursued a graduate degree in educational psychology. Soon thereafter Linda serendipitously found herself hired at the Institute for Emotive Therapy’s (now known as the Albert Ellis Institute) school. I say serendipitously because working there was one of the turning points in her career. While teaching there Linda regularly observed world renowned psychologist Albert Ellis’s clinical sessions. His masterful questioning of clients had a profound impact on Linda’s way of thinking and eventually lay the foundation for her concept of consultative selling.
In 1975 New York City hovered on the brink of bankruptcy. All teachers who had not earned tenure were let go. Linda, who was an untenured principal, was among them. It was a discouraging time for Linda and the city. Jobs were difficult to find and Linda was having no luck in securing another education position. A friend arranged for her to interview with Manufacturers Hanover (which became Chemical Bank and eventually part of JP Morgan Chase). Linda was reluctant to go,(“I know nothing about business” she told her interviewer) but lacking a viable alternative she went on the interview and was hired to head up the bank’s training.
Banking was just becoming competitive (deregulation opened opportunities and changed the landscape) and banks were actually competing for customers. Linda was charged with “finding a sales training program” for the bankers. Much to her chagrin they were all not relevant to the bankers sales situations and had examples like “selling tractors and things.” Linda was convinced that she could develop a better product and the first thing she had to do was sell her boss on the idea. Having sold her boss on the idea she partnered with the trust department which needed this “new” skill set. Relying on her experience as a teacher and using her observations of Ellis’ clinical questioning, Linda changed selling which to that point was product focused.