Bold Journeys Podcast
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Bold Journeys Podcast episodes

  • How Sumo Logic Unlocked Partner-Led Growth with Timm Hoyt

    In every company I’ve worked for, one of my key roles was to drive more partner-sourced revenue. This is the desire of every sale rep, manager and CRO. This episode highlights a huge success story in radically increasing business originated by partners. And you’re going to hear how they did it. 

    I’m speaking with Timm Hoyt, the SVP of Worldwide Partners and Alliances at Sumo Logic. Timm shares his extensive experience in sales, marketing, and partnership leadership, providing invaluable insights into Sumo Logic’s transformation into a partner-led organization. Throughout the episode, Timm discusses the challenges and opportunities he encountered, the key metrics for measuring partner success, and the internal structural changes required to promote a partner-centric culture.

    Get ready for actionable strategies for fostering effective partnerships and driving significant business growth through a partner-first approach. 

    Key Takeaways

    Here are ten steps you can take to unlock partner growth based on the lessons I learned from Timm:

    1. Understand the Initial Situation: Accurately assess your company’s current state in terms of partner relationships to tailor the approach. Conduct a comprehensive audit of the current partner ecosystem and engagement levels.
    2. Gain Internal Alignment: Clearly define and communicate these to align all departments. Develop a vision, mission, and metrics document with input from key stakeholders and distribute it internally.
    3. Gain Internal Buy-In: Secure alignment from key internal stakeholders early in the process. Host cross-departmental meetings to ensure everyone understands and supports the partner-first strategy.
    4. Practice Active Listening: Understand partners’ needs and goals through active listening to build trust and effective collaboration. Schedule regular check-ins with key partners to gather feedback and insights.
    5. Track Key Metrics: Use clear KPIs to measure the success of partner engagements and make data-driven decisions. Implement a dashboard to monitor KPIs such as deal registrations, pipeline conversion, and sales cycle duration.
    6. Evaluate Cultural Fit: Ensure that your team is on board with the partner-first approach; this might involve restructuring. Reevaluate team roles and hire new talent if necessary to build a team aligned with your vision.
    7. Monitor Partner Attribution: Track both transactional and non-transactional partner contributions for a holistic view. Develop a system to capture and analyze partner influence throughout the sales cycle.
    8. Innovate with AI: Leverage AI to enhance both internal efficiencies and partner engagements. Invest in AI tools that can assist in data analysis, decision-making, and strategy formulation.
    9. Communicate: Maintain consistent communication with all stakeholders to keep everyone aligned and engaged. Create a communication plan that includes regular updates, newsletters, and meetings.
    10. Celebrate Successes and Learn from Failures: Create a culture where both successes and failures are shared and used for continuous improvement. Implement a “lessons learned” segment in monthly meetings to discuss achievements and setbacks openly.
    11. LINKS & RESOURCES
        • Connect with Timm on LinkedIn
        • Listen to Partnering Secrets for Exponential Growth with Theresa Caragol
        • Learn how to Unlock Radical Business Growth through MRR with Randy Schirman
        •  

          The post How Sumo Logic Unlocked Partner-Led Growth with Timm Hoyt first appeared on Channel Journeys.
          50 min
        • The Art of Partnering at TCS with Raj Gupta

          Have you solved the mystery of how to partner successfully with Global System Integrators, commonly referred to as GSIs? If not, this episode is for you. It’s a replay of my interview with Raj Gupta, the head of global partnerships at Tata Consultancy Services (TCS).  Raj shares his take on partnerships and the nuances of working effectively with TCS. His insights serve as a comprehensive guide for building successful partnerships with TCS and other GSIs.

          Key Takeaways

          Here are the top ten tips I learned from Raj’s experiences and insights:

          Appreciate the Breadth and Scale of GSIs

          Founded in 1968, TCS now has nearly 600,000 employees worldwide with close to $30 billion in annual revenues. TCS is the trusted advisor to more than 2,500 clients around the globe, with a 95% repeat business. 

          Understand the Unique Nature of GSIs

          TCS, like many other Global System Integrators (GSIs), should not be treated like resellers or boutique delivery shops. GSIs function more as brand ambassadors for their partners, leveraging their extensive relationships and industry expertise to amplify the value of partner technologies.

          Focus on Long-Term Relationships

          TCS has relationships spanning decades with their clients. To successfully partner with TCS and other GSIs, it’s crucial to align with this long-term vision rather than pursuing short-term gains. Building lasting partnerships based on shared goals and mutual trust is key.

          Effective Use of Market Development Funds (MDF)

          Raj advises that market development funds should be strategically used, primarily for joint events and creating solutions integrated with existing platforms. Providing GSIs with MDF can drive mindshare and foster collaborations that ultimately result in significant business growth.

          Embrace Storytelling

          Raj shares a compelling story about a young boy’s interaction with Alexa to illustrate the power of technology in everyday life. He stresses the importance of storytelling in conveying the value of your solutions to clients and partners, making complex concepts more relatable and compelling.

          Align on Shared Goals and Objectives

          It’s crucial for partners to work in sync with TCS’s internal teams and practices. Creating a joint business plan with clear objectives and regular accountability checks can help ensure both parties are aligned and working towards common goals.

          Leverage TCS’s Ecosystem

          TCS has a vast ecosystem of 220 strategic partners that they have been trimming down to focus on quality over quantity, ensuring that partnerships are strategic, scalable, and beneficial across different industry verticals. Vendors should consider how their solution integrates within the GSI’s ecosystem for maximum customer benefit. 

          Importance of Partner Excellence Framework

          Make sure you understand what’s important in a partnership to your GSIs. TCS uses a Partner Excellence Framework to evaluate and measure partner performance. Key metrics include stability, market presence, openness to collaboration, and the ability to provide significant extensions of funding and resources. 

          Building Heart Share and Mind Share

          Raj introduces the concept of heart-share (emotional trust) and mind share (cognitive recognition among stakeholders). The goal is to get the mindshare within the GSI organization and within their enterprise customer base. But Raj says that before the mindshare comes the heart-share. 

          Consider Using Funded Heads

          Having a dedicated person who works to build the heart-share and mindshare within the GSI organization around the globe can have a powerful impact. Raj has seen the pipeline build up very quickly with this approach. Going after the wallet share before gaining heart-share and mindshare can slow down and even break the opportunity.

          LINKS & RESOURCES
            • Connect with Raj on LinkedIn
            • Listen to The Top 5 Trends Shaping Partner Programs with Margaret Adam
            •  

              The post The Art of Partnering at TCS with Raj Gupta first appeared on Channel Journeys.
              45 min
            • Scaling Success Through Partnerships with CEO Jed Ayres

              Where do CEOs develop their appreciation for partnering? Why do some CEOs fully embrace partnering as a core business strategy while others take a fair-weather nice-to-have view? 

              In this episode, you’ll meet a CEO who gets it. Jed Ayres, CEO of ControlUp, talks about his unique career path and insights on channel partnerships. Jed shares his experience transitioning from a reseller to leading a SaaS company, emphasizing the critical role of channel partners in scaling business operations.

              This episode is a must-listen for every CEO who wants to better understand the power of partnering.

              Key Takeaways

              Here are my top 10 takeaways from my conversation with Jed:

              1. Invest in Partner Relationships: Long-term success relies on strong, trusting relationships with channel partners. CEOs should hold regular meetings to understand partners’ needs and strengthen collaborations.
                1. Human Interaction is Irreplaceable: Building genuine relationships with partners requires face-to-face interactions. Encourage sales and channel managers to spend quality time with partners, including in-person meetings and events, to build and maintain strong relationships.
                  1. Quality Over Quantity in Partnerships: It’s better to have a few high-performing partners than numerous mediocre ones. Focus on building deep, meaningful relationships with a few high-performing partners.
                    1. Adopt a Partner-First Philosophy: A successful channel strategy depends on embedding a partner-focused mindset across the organization. Ensure the entire leadership team embraces a partner-first approach.
                      1. Leverage Channel for Scale: Channel partnerships can help businesses grow exponentially by extending their reach. Use channel partnerships to exponentially grow your business reach and influence.
                        1. Trust and Integrity Are Fundamental: Integrity in business dealings builds long-term trust with partners. Maintain integrity in all dealings to build trust and long-term relationships.
                          1. Include Partners in Marketing Strategy: Co-marketing with partners can significantly enhance brand credibility and reach. Embed channel partners into your marketing initiatives for increased co-branding opportunities.
                            1. Listen and Act on Partner Feedback: Continuous improvement comes from listening to and acting on feedback from partners. Regularly gather and implement feedback from partners to improve processes.
                              1. Ecosystem Integration Is Key: Strong technological alliances improve product value and market adaptability. Develop strong technological alliances to enhance product value and interoperability.
                                1. Face Challenges with Adaptability: The ability to adapt and collaborate is crucial for business growth and resilience. Screen new hires for adaptability and a collaborative mindset to fit the company culture.
                                2. LINKS & RESOURCES
                                  • Connect with Jed
                                  • Listen to Partnering Smartly: A CEO’s View with Christa Quarles
                                  • Learn how to Unlock the Power of Ecosystems with CEO Bob Moore
                                  • The post Scaling Success Through Partnerships with CEO Jed Ayres first appeared on Channel Journeys.
                                    43 min
                                  • Unlocking the Benefits of GTIA with MJ Shoer & Carolyn April

                                    Where do you go for advice on how to navigate the evolving technology and partner landscape? There’s a new player in town that offers some unique benefits for partners and partner managers.

                                    For this episode, I sit down with MJ Shoer, Chief Community Officer, and Carolyn April, Head of Research at the new Global Technology Industry Association (GTIA). GTIA was formed by the spin-off of CompTIA.

                                    MJ discusses the ongoing role of CompTIA and the focused mission of the newly created GTIA. April dives into highlights from the 2025 IT Industry Outlook report she developed. 

                                    Key Takeaways

                                    Here are my top 10 takeaways from my conversation with Carolyn and MJ:

                                    1. Transition and Focus of GTIA: The shift from CompTIA to GTIA underscores the importance of evolving to meet industry needs. Stay updated with organizational changes within major industry associations to understand how they may benefit or impact your business.
                                    2. Importance of Strategic Partnerships: Collaborating with other solution providers can fill skills and services gaps. Formalize partnerships with clear contracts to ensure both parties understand roles, responsibilities, and benefits.
                                    3. Skills-Based Hiring: Moving away from traditional degree requirements can widen the talent pool. Implement a skills-based framework for hiring and promotions to attract diverse and capable talent.
                                    4. Cybersecurity: It remains a critical area for investment and focus. Leverage GTIA’s cybersecurity resources and threat intelligence to enhance your business’s cybersecurity posture.
                                    5. Market Adaptability: Understanding ROI for technology investments is more crucial than ever. Develop clear messaging that articulates the ROI of technology solutions to potential clients.
                                    6. AI Integration: AI is revolutionizing various aspects of business operations and cybersecurity.
                                      Experiment with AI tools internally to improve efficiency before offering AI services to clients.
                                    7. Data Services: There’s a growing need for specialized data services. Explore and invest in data management and analytics services to add to your offerings.
                                    8. Global Perspective: Being aware of global issues can better inform business strategy. Engage in forums and discussions that address global trends and their impact on the technology industry.
                                    9. Non-Profit Benefits: GTIA’s model of subsidizing member dues can facilitate more accessible participation and resources. Join industry associations like GTIA to take advantage of their comprehensive member benefits.
                                    10. Continuous Learning: GTIA’s research and educational programs provide critical industry insights. Participate in GTIA’s events and utilize their research to stay informed and enhance your strategic decisions.
                                    11. LINKS & RESOURCES
                                      • Connect with MJ and Carolyn
                                      • Learn more about ChannelCon 2025
                                      • Download the 2025 State of the Channel Report
                                      • The post Unlocking the Benefits of GTIA with MJ Shoer & Carolyn April first appeared on Channel Journeys.
                                        52 min
                                      • 10 Steps to Maximize Your Partnering ROI with Harald Horgen

                                        Are you feeling the heat to justify your investment in partnering? Do you know what return on investment (ROI) you’re getting? Many partnering leaders are fighting for investment and having to answer difficult questions from their CFO and CEO to substantiate the value of partnering. 

                                        I recently had the pleasure of meeting someone who has spent a lot of time with CFOs on this topic. Harald Horgen is a partnering strategist and CEO of The York Group. Harald shares his methodologies and critical aspects to consider when assessing the return on investment for business partnerships.

                                        In this episode you’ll gain valuable insights into optimizing your partnerships, measuring their effectiveness, and driving growth. 

                                        Key Takeaways

                                        Here are 10 steps Harald shared that you can take to increase the return on your partnering investment:

                                        1. Understand Your Objectives: Clearly define what you aim to achieve with each partnership. Set specific, measurable goals for every partnership and align them with your overall business strategy.
                                          1. Evaluate Partner Potential: Not all partners are created equal. Evaluate their potential value before committing. Create a checklist of criteria to assess the potential of new partners.
                                            1. Establish Clear Metrics: Define how you will measure success and communicate this to your partners. Develop a set of key performance indicators (KPIs) for your partnerships.
                                              1. Continuous Monitoring: Consistently track the performance of your partners against the defined metrics. Set up a regular review process to evaluate partner performance.
                                                1. Open Communication: Maintain a transparent and open line of communication with your partners. Schedule regular meetings and updates to discuss performance and address any issues.
                                                  1. Mutual Benefits: Ensure that the partnership provides value to both parties involved. Regularly revisit and renegotiate terms to keep the partnership mutually beneficial.
                                                    1. Adapt and Evolve: Be prepared to adapt your strategies as market conditions and business goals change. Stay agile and be willing to pivot partnership approaches when necessary.
                                                      1. Leverage Technology: Use the right tools and software to facilitate partnership management and ROI tracking. Invest in partnership management software to streamline processes and data analysis.
                                                        1. Risk Management: Identify potential risks associated with the partnership and develop mitigation strategies. Develop a risk management plan for each partner relationship.
                                                          1. Learning and Improvement: Continuously learn from each partnership and improve your approach based on past experiences. Conduct post-partnership reviews to glean insights and apply them to future collaborations.
                                                          2. LINKS & RESOURCES
                                                            • Connect with Harald on LinkedIn
                                                            • Listen to Peter Thomas on 5 Steps to Maximizing Your Channel Marketing ROI
                                                            • Find out The Number One Challenge of Partner Leaders with Mark Rogers
                                                            • The post 10 Steps to Maximize Your Partnering ROI with Harald Horgen first appeared on Channel Journeys.
                                                              56 min

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