Why hiring sales superstars kept a Founder stuck at 10 M revenue & how he got UNstuck. A Founder reached out to me absolutely frazzled about his non-existent pipeline. The Founder had scaled from $0 - $10 M fast on a Founder-led sales model. His next goal was $15 M. The plan? Hiring top performing 4 AEs from big names like Salesforce and AWS. After 9 months, not one rep had closed a deal. They barely even had a pipeline. Why? ✔️ None had sold a product without big brand recognition. ✔️ None knew how to build a sales process from scratch. ✔️ They didn’t have the skills to create something from nothing. The Founder thought he was hiring "the best." Each of the reps had performed well throughout their career in big SaaS brands. Unfortunately, none had ever worked in anything resembling a start-up or bootstrapped environment. They knew how to follow processes, but struggled to build them. They were excellent at leveraging a robust tech stack, but were afloat without it. They were good reps, but not for the role the Founder hired them in. We were able to work together to build repeatable processes to better support the sales team, but the Founder lost an entire year of pipeline creation & revenue. 📌 The TL:DR for Founders & Sales Leaders? PLEASE (I beg you) have realistic & clear expectations for your sellers. - If a seller has never built a strategy or created processes from scratch before, don't assume they know how. - If you're hiring an entry-level SDR, don't expect them to have sales copywriting skills on day 1. - If you hire for logos on a resume without being honest about skill sets you’re doomed to experience similar frustrations as this Founder. ✨ How can Founders & Sales Leaders set up reps for more success from day 1?
Well, at the time of this comment, there's already 60 comments on this so many will miss this but I can tell you from lots of experience (read: I screwed this up), there's one dead-simple mantra to live by when you're hiring for your startup: "Past performance guarantees future results" What does that mean? If they haven't done the thing in a similar environment, why would you expect them to do it at YOUR company on YOUR sales team? Just because a sales rep was successful selling Zoom or MSFT Teams during COVID, doesn't mean they're going to be successful at your A/B round tech startup selling something similar.
Hiring the right talent is key, but aligning skills with needs is crucial. What strategies do you suggest for effective onboarding and training?
Leslie Venetz back in the day a sales position was almost always commission based, you eat what you kill mentality. I am noticing now that many sales professionals want very large salaries PLUS commissions....is the day of the primarily commission driven sales position over? Love your thoughts on this.
Did this founder go from $0-10M on his own in the first place? Leslie
You need to hire for the role not the resume... big names can be overrated
Gotta hire for skills, not just brand names.
Having realistic and clear expectations is key. Jim Conti can echo that. 😆
Setting clear expectations and providing the right training and support from day one can make all the difference in avoiding wasted time and resources.
Its a common mistakes that people make . A good topic to discuss Leslie Venetz
Sales strategy, email copy, repeatable processes & training for B2B orgs that outbound | Keynote Speaker | Top 4 Finalist - 2024 GTM Advisor of the Year | 2024 Sales Innovator ✨ #EarnTheRight, the book coming in 2025 ✨
1mo✨ How can Founders & Sales Leaders set up reps for more success from day 1?