Escape the 18-month curse that consumes companies.
A disheartening pattern often emerges in enterprise sales—the
"Sales Cycle of Doom." This cycle is characterized by a
company's struggle to revive its sales organization through
high-profile recruitment, ultimately leading to a revolving
door of sales leaders. Doloop Digital’s Gaurav Rastogi delves
into the root causes of this curse that consumes companies,
large and small.
Understanding the Cycle. The cycle begins with hiring
exceptional sales leaders brimming with promise and potential.
However, within a year, mixed results cast doubt on their
capabilities. Patience wears thin, bonuses dwindle, and team
morale plummets. Ultimately, the new leaders depart, and the
cycle repeats.
Identifying the Culprits. Three key factors are bad hires,
ineffective onboarding, and a team set up for failure.
Bad Hires, or The Fish Out of Water? Hiring individuals who
are incompatible with the company culture or lack the
necessary expertise can lead to disaster. A high-powered
leader from a structured environment may struggle in a chaotic
organization. Similarly, overhiring senior-level personnel
without providing them with adequate support can hinder their
success.
Bad Onboarding: The Missing Pieces. Inadequate onboarding
deprives new leaders of essential knowledge and connections.
They need to understand the company’s history and success
stories to communicate its value proposition to clients
effectively. Furthermore, failing to connect them to key
personnel and industry experts limits their ability to
navigate the company's landscape.
Setting Teams Up for Failure: The Root of the Problem.
Impatience and unrealistic expectations can sabotage even the
most competent leaders. Companies must often recognize the
time required to implement changes and address underlying
sales debt. Additionally, an unbalanced team lacking crucial
roles, such as offering design or solution experts, can
overburden the new leader.
Breaking the curse. It is possible to break this curse. Here
are three strategies for achieving sales success:
The vicious cycle can become virtuous once you have solved
this problem. Good people bring in other great people.
If you need more help, please contact us for a half-day
“Understanding the Sales Cycle of Doom” conversation about
your cycle of hiring and mis-hiring.