2023 Pavilion 50 CCOs to watch, Top 100 CS Strategist| I fix broken Customer Success and Implementation teams
CS teams NEED to start "managing up" with execs and the board by talking about REVENUE. Yes, you can keep talking about sentiment and feelings, but start with the $. Don't lead with churn- Bottom-line-focused execs don't like that headline, so you need to tell the story better. An informal poll had CS teams owning over 50% of the revenue of many SaaS companies. Lead with this and have it be your first talking point. From there you will be able to get more things done with other departments, as your requests will be revenue-focused Need to get a Customer Success Platform as you scale? Point to revenue and the potential to lose revenue without efficiencies Need to hire more to prevent burnout? Point to Revenue potential with renewals and upsells Talk in the language your execs and board want to hear.
CS teams that don’t talk revenue driving stuff just don’t get that seat at the table with execs. Simple as!
Exactly. You need to speak about one of the following: 1) make money 2) save money 3) reduce risk (though most don't care)
Never more important than during economic downturn or challenges. CS very quickly becomes the most important function for a company as its contributions towards monthly incomings becomes larger and larger, and those reoccurring payments suddenly become the difference between surviving a rough period vs a company going into crises mode. Unfortunately, too many companies figure this out after removing investment in their CS teams.
The most valuable part for a SaaS business is in the recurring revenue and no one is closer than CS. Rather than clogging up the story with health scores and QBR and stats, find your revenue story. How can you impact the business in substantial ways?
Absolutely, revenue is the language that resonates with execs and the board. Show them the numbers!
Absolutely, highlighting revenue impact is key to aligning with executives and driving results. Jeff Kushmerek
Helping Customer Success execs in B2B SaaS hit their revenue targets 🎯 | Grow from $10M to $100M ARR 🚀 | Build their brand as a leader that gets results, every time⚡
2moPositioning CS' value to boards is no different than positioning your solution's value to your customer, which is something CS should be doing every day. Start with what matters to them, their priorities, their goals - then position your data to show how what you do propels their goals forward. If you ask board members what matters to them and they don't say "churn" why would you lead with churn?