Six Fields to Manage Your Business

WebEx's Stu Schmidt goes on to boldly state in the book Sales 2.0, you only need six fields in your CRM to manage your business. They are:

1. Sales rep's name
2. Account name
3. Opportunity name
4. Deal value
5. Expected close date
6. Sales process stage

He maintains that "the innovation here is tracking the sales process stage. That's the only one that's going to change on a regular basis."

What is the minimal amount of data you need to manage your business?