Mandy Cole's article guides founders on crucial GTM strategic plan dimensions: rep productivity, cost control, ramped reps, and customer retention.
This article from Mandy Cole outlines crucial aspects for a successful Go-To-Market (GTM) strategic plan.
Thanks to our previous ventures as founders, we know the importance of setting a robust bottom-up GTM strategy, and defining the right key drivers.
As Mandy Cole wisely said, "The only way to make sure we could deliver was to build a Bottoms Up Model. And the first time we did this, we realized we were a few million dollars off…yikes!"
For this reason, we appreciate the author's efforts in explaining the top dimensions for predicting a successful GTM plan: Productivity of your reps, cost to generate qualified pipeline, number of ramped reps, and customer retention/customer expansion.
The author stresses the significance of optimizing the productivity of sales representatives, ensuring they contribute effectively to the overall strategy. It also emphasizes controlling the costs associated with generating a qualified pipeline, a critical aspect for sustainable growth. The number of ramped reps is highlighted as a key driver, indicating the scalability and efficiency of the sales team. Lastly, the focus on customer retention and expansion underscores the importance of not just acquiring but also retaining and growing customer relationships.
By focusing on these four drivers, we can better position ourselves for GTM success, aligning our strategies with proven dimensions that drive positive outcomes. The article provides valuable insights for founders looking to build and refine their GTM plans for long-term viability.