It’s been one of the hardest weeks of my startup journey thus far and concluded with a hard meeting. I had been anxiously waiting for this meeting for the past month. Every scenario of how it could play out occurred in my mind with all the anxiety-filled thoughts with each outcome I thought through. The actual meeting was just as hard and uncomfortable as I thought it would be. I spent so much time thinking about what to say in the meeting and how to get through the meeting that I didn’t prepare myself for how bad I would feel after the meeting.
Let me fill you in on the back story. As you have gathered, I am a technical founder and have learned to sell through my experience building this business. My process is based on all the blogs, books, and advice I have received. It also means my process is not standardized, efficient, or productive. I know that at some point, I would need extra help to accelerate the company’s growth. By the end of 2021, I knew that the time had come. So I sought a Sales and Business Development contractor to accelerate our deal volume and close additional partners. After months and months of interviewing, I finally found and hired a Sales/BD Contractor who I believed was the best fit.
This meeting I just had was the result of that contractor who had a bad breakup with the company. I will spare you (and the contractor) all the details about the relationship and how it unfolded, but I want to share my reflection on the situation and lessons learned.
Before I share, I want to reiterate that every decision I have ever made with the company is in the past. I repeatedly tell myself and believe that I made the best decision possible with the information I had at the time. This mantra clears my consciousness and gives me the space to reflect, learn, and grow, so ultimately I can become better because of it.
Lessons Learned
- Before hiring a Sales/BD contractor
- Clearly define the goals, metrics, milestones, and reasons you are hiring a Sales contractor
- Determine what type of selling skills this contractor needs to have to be successful. What stage of maturity are you at?
- A product has already been sold to a few customers and a defined playbook (defined could mean many different stages, from a few notes to exact personas to sell to, etc.)
- There is a product that has no playbook and needs to figure out how to sell
- There is a product in development, and pre-orders are needed, resulting in a lead time
- If you say the product is in 1 or 2., then have 100% confidence that it is. If not, say something in the pre-hiring discussions to set the right expectations.
- For the best results, the product should be in 1. and have already been sold by the founder to early customers.
- Managing and working with a sales contractor
- Clearly describe to the contractor and ensure understanding of the steps are clear for what happens after a deal is signed
- What blockers could arise in delivering the product to the customer promptly?
- Who in the company is responsible for delivering the product?
- If an order isn’t completed through the process, it takes too long, or there is an error along the way, then have a post-mortem. Talk it through with your team and fix it for next time.
- Have a minimum of weekly sales calls to understand each deal in the pipeline in detail
- What deals are you working on, and in what stage are they in?
- What are the drivers for the customer? Why is the customer interested in this product?
- What are the blockers for the customer? If you could remove all those blockers, would they sign tomorrow? What else is holding them back?
- If issues arise, have a check-in and figure out what is happening with “Aaron Cooper’s Famous 3.”
- The contractor understands the goal. Enough to repeat it back to you and gets it.
- The contractor disagrees with the goal or feels negatively toward the goal.
- The contractor doesn’t have the skillset or ability to reach the goal.
- If an issue keeps coming up or can’t be resolved in a check-in, it is time to let the person go.
- Don’t feel shameful, guilty, or unsure. If you have a gut feeling about the situation, just let the person go. It will save you from all the challenges later.
- Clearly describe to the contractor and ensure understanding of the steps are clear for what happens after a deal is signed
- Ending the relationship
- Make sure the paperwork is clear.
- Get a status report or hand off and move on.
- Let it go, this is the hardest part, but you have to let go and let the control go. Learn from it and move on.