- Clear definition of your ICP based on your products offering and business goals
- Transition from Founder Sales to building a scalable sales team
- Having the right pricing strategy in place
- Expanding into new Markets (e.g. D-A-CH)
At the outset of a B2B SaaS start-up, the primary emphasis lies on acquiring new customers. Achieving Annual Recurring Revenue (ARR) growth is paramount for the success and financial backing of such a company. However, the critical aspect of establishing a well-functioning Customer Success Organization is frequently overlooked. Consequently, there comes a pivotal moment when the growth derived from acquiring new customers is unexpectedly offset by the churn of existing customers. These challenges are typical for scale-ups in the SaaS sector:
- Suddenly increasing churn from existing customers
- Revenue Retention Rate is suffering
- Customer Centric approach missing
As a business reaches a particular stage, the areas of processes and operations gain significant importance. Unfortunately, it’s frequently overlooked to establish a clear direction for these aspects early on, leading to avoidable frictional losses. These challenges are often encountered during the scale-up phase with common challenges such as:
- Sales Process not clearly defined
- Missing Rules of Engagement (responsibilities & involvements unclear)
- Compensation plans not aligned with business goals
Leadership & People Management
- Difficulties in finding the right talent
- Hiring of VPs and Heads too early
- Missing coaching & mentoring of existing talent