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Thanks :) I actually find this a really interesting topic. This approach can have some merit - ie it leads to you not overspending and running out of money if y
by james_impliu 7y ago
Thanks :) I actually find this a really interesting topic. This approach can have some merit - ie it leads to you not overspending and running out of money if you are reliant on new business targets being hit. However, the ideal situation is that your CFO manages the spending conservatively whilst the VP Sales goes out and pushes things as far as they can. There are some morale issues too with giving very high targets when you are a managing a team who are judged against those - for fast growth, you want to give people a sense of accomplishment (so constantly undershooting huge targets is a quick way to prevent that) but also for them to push the boundary of what is possible.