“It is to find out what your ROI is in terms of either time saved or money saved, something like that, and keep it around 10 X. It doesn't need to be much more than that. If it, if it's way more than that, maybe you're actually leaving money on the table.”
quote is from the automated transcript, cleaned for reading:
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More from Andy Wilson
Insight
Wilson: Founders should sit with new executives for their first 90 days
“And a way to solve that, that, that I've done at least since it, it's worked, is you block out a conference room or whatever room for the first 90 days, And you guys, you all sit in the same room together. You're gonna know within that first 90 days if this pe…”
Andy WilsonMay 20, 2020▶ 14:42Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
Insight
Wilson: Pre-interview take-home surveys quickly filter out candidates who miss deadlines
“You would be shocked how many people who you think are amazing can't complete that simple deadline. Like really amazing, seemingly qualified people just don't do that, and that's an instant way, or not instant way, but it's a very quick way of disqualifying so…”
Andy WilsonMay 20, 2020▶ 19:49Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
Insight
Wilson: An employee's first 90 days predict their next 900 days
“The first 90 days of an employee's journey almost looks, the next 900 days almost exactly the same. Very rarely do you see somebody that comes on in 90 days as remarkably different Than they were in 900 days.”
Andy WilsonMay 20, 2020▶ 20:50Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
Insight
Wilson: Paying underperforming SaaS salespeople to leave saves compounding revenue loss
“Paying them to leave is actually a lot cheaper than keeping them on. This is especially true for salespeople, because salespeople, especially in the SaaS world, if you have a compounded revenue model, if they are missing their number, you are going to miss an …”
Andy WilsonMay 20, 2020▶ 25:45Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
AssertionNot checkable as stated
Wilson: Logikcull grew from $0 to $10M revenue in under 20 months
“We ended up going from zero to ten million in revenue in less than 20 months.”
Andy WilsonMay 20, 2020▶ 0:32Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
Insight
Wilson: Hiring sales reps before having a repeatable process never succeeds
“If you don't have a repeatable sales process just yet, and you start hiring more salespeople, it never goes well.”
Andy WilsonMay 20, 2020▶ 6:20Lessons from Logikcull: $0 to $10M in 19 Months: The How, When & Why + 10 Mistakes Along the Way
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