Episode 12

Why Hiring Fast in B2B Sales Can be a Recipe for Failure

Summary

In this episode, we discuss the common mistakes made by founders of fast-growing startups when building their sales teams. The rush to meet revenue goals often leads to poor culture fit, hiring based on resumes instead of fit for the sales motion, and hiring based on current needs instead of strategic fit. These mistakes can result in decreased productivity, missed targets, and high staff turnover. The speaker emphasizes the importance of taking the time to hire the right people and prioritize culture fit, seller stage and price point fit, careful onboarding, and a manageable pace of work.

Take Aways

  1. Poor culture fit can lead to decreased productivity and confidence in the sales team.
  2. Focusing on a candidate's resume instead of fit for the sales motion can result in missed targets and wasted resources.
  3. Hiring based on current needs instead of strategic fit can lead to a lack of proper training and onboarding.
  4. Rushing to grow without considering the stress and support for sales reps can result in burnout, high staff turnover, and a negative company image.

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Connect with Dr. Jim: linkedin.com/in/drjimk

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BEST Outro

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Transcript
Lucas Price: [:

When people are in a hurry to fill a job, it's easy to forget about things like culture fit. Think of that new team member as a bit of code in the software you're making. If it doesn't work well with the current system, it can cause crashes and glitches that hurt productivity and confidence.

Next is shiny object syndrome, which is when you focus on a candidate's great resume and previous sales numbers, instead of finding out if they're really a fit for your sales motion. We can probably think of many companies that hired a top salesperson without a history of selling in the space they were hired for.

selling at a new price point.[:

3rd, it's easy to fall into the trap of hiring people based on the current needs instead of strategic fit. For example, in a rush to meet growing customer demand, an AI company hired a sales team full of closers as quickly as possible, but they didn't have proper training and onboarding in place.

And the new sellers were all looking around at each other, wondering how to identify which buyers are willing to spend real money on their solution. Finally, let's talk about the stress of a lot of people leaving their jobs. In the rush to grow, sales reps often work in settings with a lot of stress and not much help.

taking the time to do things [:

In a fast growing company, prioritize culture fit seller stage and price point fit careful onboarding and a manageable pace of work. Your sales team is what drives your growth. So don't rush to put it together.

About the Podcast

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Building Elite Sales Teams
Secrets to Sustaining Success for Sales Leaders

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About your hosts

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Lucas Price

Lucas Price has nearly 20 years of experience as an entrepreneur and executive leader. He started his career as a founder of Gravity Payments. Later, as a senior executive, he built the sales team that took Zipwhip from less than $1 million to over $100 million in ARR. He has shifted his focus to solving the waste and loss of failed sales hires.
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Dr. Jim Kanichirayil

Your friendly neighborhood talent strategy nerd is the producer and sometime co-host for Building Elite Sales Teams. He's spent his career in sales and has been typically in startup b2b HRTech and TA-Tech organizations.

He's built high-performance sales teams throughout his career and is passionate about all things employee life cycle and especially employee retention and turnover.