Your Business Hits a Plateau
In many growing businesses, the Founder or CEO is often the primary rainmaker, a scenario that, while initially vital, eventually becomes a significant bottleneck for scaling sales. In fact, the same characteristics that lead a founder to succeed in the startup phase of a business, then hampers their growth going forward. Read on as we delve into this common challenge and outline a 5-step plan to help businesses transition beyond founder or CEO-led sales, setting the stage for sustainable growth and scalability.
The Challenge at Hand
For companies that have grown beyond the initial stages, scaling sales becomes a critical hurdle. The Founder, Visionary, or CEO often generates and closes the majority of the client base due to their expertise and passion. However, this model poses long-term shortcomings, including questions about the company’s value without its key rainmaker, the lack of backup or redundancy, and the heavy dependence on the founder. This scenario leads to frustrations, with the leader frequently announcing, “Marketing doesn’t work for us,” “Sales people don’t do anything,” or “But nobody else can do what I do!”
This blog can’t possibly go into enough depth – but provides the outline for the basic concepts and structure to break through this block.
A Five-Step Solution
Step 1: Founder’s Shift in Role
The first step involves a crucial mindset shift for the founder or CEO:
- Cease directing, leading, or running the sales process.
- Recognize that replicating oneself is not feasible – the attributes, skills and understanding that have led to your success are not going to be present in others.
- Continue excelling in your unique strengths, definitely continue your own direct sales, but you need to introduce a new resource to your company and team.
Step 2: Bringing in Sales Leadership
The next step is to find an experienced sales leader. This can be a fractional, part-time, or short-term role, evolving into a long-term position if necessary. The key is to bring someone with the experience and understanding to build what the founder cannot achieve alone – someone who knows how to structure the full sales funnel, systems and team in a way that others (beyond the founder) can achieve success.
Step 3: Building a Sales System
With a sales leader in place, the next phase is to develop a system, process, and methodology that includes:
- Identifying a clear target market and value proposition.
- Defining a sales process supported by an appropriate tech stack.
- Creating sales collateral for both online and real-life interactions.
This systematization is crucial for removing the sales bottleneck.
Step 4: Hiring the Right Sales Personnel
Once the system is established, the company can hire salespeople suited to the newly built structure. This involves a highly structured four-interview process, assessing everything from cultural fit to specific sales skills, culminating in a final evaluation by the founder or CEO. We’ll talk about interviewing sales people in a future article – it merits an extensive discussion.
Step 5: Empowering the Sales Leader
The final step is to empower the newly appointed sales leader to manage and lead. This involves clearly measuring the activities, following the 4 A’s of Contemporary Sales, and empowering the sales leader with the authority to drive the team towards achieving the company’s sales goals.
What’s Next?
Transitioning beyond founder or CEO-led sales is not just about hiring salespeople; it’s about fundamentally changing how sales are approached within the company. By following these five steps, businesses can scale their sales efforts, reduce dependency on the founder, and set the stage for sustainable growth. This transition not only enhances the company’s valuation but also ensures its long-term viability and success.
Ideas, thoughts or questions? Let’s talk.
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