The Startup Velocity Question - Is It The Sales Team?
Sramana Mitra
Founder and CEO of One Million by the One Million (1Mby1M) Global Virtual Accelerator
I publish this series to discuss the nuances of bootstrapped entrepreneurship. Please subscribe to my Best of Bootstrapping series to never miss an article and learn what to expect from 1Mby1M.
When things are not going right, especially in B-to-B SaaS, the blame falls on the sales team.
As a company switches from Founder-led Sales to a Repeatable Sales Process, often, sales do falter.
Velocity cannot be achieved without a repeatable sales process.
Training a sales team, setting up lead generation and lead qualification processes, diligent funnel building and management – these are the responsibilities of a VP of Sales.
As of the end of 2023, there are 54,000 venture-funded startups in the US. Worldwide, conservatively, there are likely to be at least another 10,000.
The vast majority of these ventures are B-to-B SaaS ventures.
It is very difficult to find experienced sales executives who know how to set up these processes.
It is also very difficult to hire sales reps who can effectively sell half-baked products.
So yes. Often, the problem IS with the Sales Team.
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And yes. It needs to be fixed to achieve velocity.
But, more often than not, sales teams are hired without first figuring out the Positioning.
Sales teams CANNOT figure out Positioning. It is not their job.
Don’t blame the sales team if the Positioning is half baked.
You can read the entire series, The Startup Velocity Question, here.
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A "massive" assist is when the CEO has been a VP Sales or is a "natural" sales talent. The great Tom Watson Sr., founder of IBM was National Cash Register's #1 Sales person (NCR was the Apple of its day). His heart was in sales and IBM sales was a legendary force for decades. Larry Ellison (Oracle vs Ingress) and Tom Siebel both succeeded with products perhaps not as good as their competitors. (Aside: Watson would borrow money ONLY for sales).
DER BUNTE VOGEL ?? Internationaler Wissenstransfer - Influencerin bei Corporate Influencer Club | Wirtschaftswissenschaften Universit?t Münster
9 个月Thank you Sramana Mitra