Matthew Codd’s Post

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SaaS GTM specialist | Co-Founder of Cosmic Partners | Working with VC backed tech startups

Hiring sales people is hard. Even harder when trying to delivering revenue too. I remember as a sales leader deciding to hire myself and save the £10k recruitment fee. The leadership team was very happy. But I then spent lots of time on activity that didn’t directly help me achieve my immediate revenue target. The LT no longer cared about that £10k saving... The unit economics just don’t stack up. I really think growth companies undervalue their time. Last week I spoke to a new VP Sales for a Series A company. They posted an AE role on LinkedIn for 7 days and stopped it after receiving hundreds of applications. After spending hours reviewing these, they cut down too: - 32 qualification calls - 18 candidates to a 45 min first stage interview - 4 candidates to 60 min 2n stage - 2 candidates to 90 min final stage (including the 2 co-founders) And they’re now unsure if they have the right person and might need to start the process again. Because reviewing a couple of hundred profiles is a tiny segment of the market. A market of people that are applying, saw the job posting and that happened to be looking in those few days that the role was live. That isn't a hiring strategy. There’s no headhunting. No outbound activity at all. They said it had taken them about 80 hours of work so far. The sales leaders has a £300k OTE. Their fully loaded salary for the time they spent alone is higher than getting external help. But... The bigger cost is the hours and hours of not building and not selling. They are the only person selling and have an active pipeline worth millions. The opportunity cost is huge! When I think about my senior sales roles it always strikes me how much time I wasted on hiring. How much time I misspent by not working towards those revenue targets. In the same way you use tools to help with efficiency. That’s exactly what service businesses do. Give you time back so you’re more efficient. The right service providers help with growth too. My message is simple. Sales Leaders: Value your time. Founders: Encourage using expert service providers.

James Bissell

Founder @ The Revenue Enabler | 2x VP Sales | Sales Training That Get's Results [Read Recommendations Below]

8mo

Spot on. The £10k you saved is nothing compared to the £100ks lost in pipeline and revenue by doing it yourself

Jordon C.

Driving Scalable Growth for Ambitious Companies | Growth Specialist | AI Enthusiast

8mo

100%

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