Founders: Before You Hire A Sales Team, Consider These Options
Sales Hacker, Monday, May 15,2023
Running a startup is easier said than done, especially when you have a tight budget and limited resources. It's hard to know when you're ready to hire a sales team - and the consequences can make or break your startup.
Perhaps not surprisingly, about 40% of new companies go out of business because they run out of cash or fail to raise capital, reports CB Insights.
In addition, approximately 35%of startups fail because there is no market need for their products or services.
And 20% of startups get plain out-competed.