Hire Power Radio Show

How to Stop Sucking at Hiring Sales People with Joseph Fung of Uvaro


Listen Later

Hire slow, fire fast is a motto we have all heard as startup founders. It makes logical sense but what really happens is quite the opposite. As entrepreneurs we shift into panic mode when we have a need and move quickly to fill the role. Completely missing all the evidence that this person will be a bad hire.

Once the person is in the seat, the dread of having to refill a role often leads to concessions made to the detriment of the business. 

Hiring Slow means investing the time to really make sure the person will be a strong hire. Therefore there should be no need to fire fast. Especially if you really understand who the person is and gain evidence of the value they add to the company. 

Think of each person you hire as being worth $2 million dollars to the company. Changes your perspective, right?

A lot more care and a higher talent bar would be prioritized over just “filling the seat”. 

Our guest today: Joseph Fung, Founder & CEO of Uvaro

A tech sales career accelerator, and of Kiite, a sales enablement platform purpose-built to provide sales teams with the information they need when they need it.  Joseph’s a repeat Founder & CEO, and with multiple successful exits, and speaks frequently on the topics of sales leadership, diversity, and corporate social responsibility.

Joseph is an expert in sales, startups and building scalable culture. 

Today we discuss:

  • Our mentality around hiring sales people
  • How to effectively attract & hire high performers 
  • Challenge today?

    • Hiring for software skills rather than problem solving skills
    • No internal training- want someone who already doing what you need done
    • Rely on stereotypes and gut
      • Need people who can speak to a bigger variety of customers
      • Why is this important to the company?

        • Fix the problem, you can triple the production of 1st year sales reps
          • 8 months to ramp, average sales rep only achieves 60% of quota
          • Ramp in ⅓ time and drive production to 80% - Training
          • Churn & burn kills morale 
          • Cash costs are immense on the back end
          • How do we solve the problem and hire the strongest people every time? 

            • Throw out your job description
              • Translate ideal customer to sales job description
              • Ideal Customer Profile- go granular
              • Choosing what & who to hire
                • Invest in Revops & sales enablement
                • 50:1 ratio Rep to SE is a start => move to 20:1
                •  Mindset
                  • Treating the organization with respect
                  • Thinking is you solve the problem by hiring more people
                  • Interview
                    • Culture fit interview - “Is this someone I want to have a beer with?” not
                    • Turn it into a behavioral interview - what behaviors demonstrate values alignment
                    • Rick’s Nuggets

                      • Performance metrics are most critical component today for job descriptions today
                        • Accountability up front
                        • Understanding a person’s positioning
                          • Transactional Sale VS. Enterprise/Solutions Sale
                          • Resources available 
                          • Builder, Improver, Maintainer
                          • Uncovering the impact that has been made in their current/former position
                            • Save time, increase revenue 
                            • Key Takeaways -Value:

                              • Throw out your job description . Copying others is just propagating bad habits
                              • Stop asking people to sell like the founders - it won’t work
                              • Re-think your culture fit interviews...write behavioral questions 
                              • Guest Links

                                LinkedIn: https://www.linkedin.com/in/josephfung/

                                Twitter: https://twitter.com/josephfung

                                Instagram: https://www.instagram.com/josephfung/

                                Company: https://uvaro.com/

                                LinkedIn: https://www.linkedin.com/school/uvarolife/

                                Twitter: https://twitter.com/uvarolife

                                Facebook: https://www.facebook.com/uvaro.life

                                Instagram: https://www.instagram.com/uvaro.life/

                                YouTube: https://www.youtube.com/uvaro

                                 

                                This show is proudly sponsored by Criteria Corp: https://www.criteriacorp.com/

                                ...more
                                View all episodesView all episodes
                                Download on the App Store

                                Hire Power Radio ShowBy WRKdefined Podcast Network

                                • 4.7
                                • 4.7
                                • 4.7
                                • 4.7
                                • 4.7

                                4.7

                                39 ratings


                                More shows like Hire Power Radio Show

                                View all
                                The Ben Shapiro Show by The Daily Wire

                                The Ben Shapiro Show

                                154,158 Listeners

                                The Way I Heard It with Mike Rowe by The Way I Heard It with Mike Rowe

                                The Way I Heard It with Mike Rowe

                                41,203 Listeners

                                REAL AF with Andy Frisella by Andy Frisella

                                REAL AF with Andy Frisella

                                32,717 Listeners

                                THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

                                THE ED MYLETT SHOW

                                14,035 Listeners

                                The Game with Alex Hormozi by Alex Hormozi

                                The Game with Alex Hormozi

                                4,445 Listeners

                                The Shawn Ryan Show by Shawn Ryan

                                The Shawn Ryan Show

                                44,274 Listeners

                                The Bible in a Year (with Fr. Mike Schmitz) by Ascension

                                The Bible in a Year (with Fr. Mike Schmitz)

                                61,242 Listeners

                                The Elite Recruiter Podcast by Benjamin Mena

                                The Elite Recruiter Podcast

                                44 Listeners

                                The Mel Robbins Podcast by Mel Robbins

                                The Mel Robbins Podcast

                                20,186 Listeners

                                Build with Leila Hormozi by Leila Hormozi

                                Build with Leila Hormozi

                                932 Listeners

                                BigDeal by Codie Sanchez

                                BigDeal

                                787 Listeners

                                Take It Outside with Jay Cutler and Sam Mackey by Outsider

                                Take It Outside with Jay Cutler and Sam Mackey

                                33 Listeners