In this podcast episode, Jeff Ignacio interviews Bill Cantor, the founder of FunnelCast, a sales optimization vendor. They discuss traditional sales forecasting methods, such as the roll-up model, and its limitations, particularly the short-sightedness of commit forecasts. Bill introduces FunnelCast's approach, which uses Monte Carlo simulations to provide a probability distribution of potential sales outcomes, emphasizing the importance of optimizing sales strategies over merely predicting sales numbers. The conversation explores the challenges of incorporating additional data for better forecasting, the psychological aspects of sales rep behavior, and the need to balance risk and expected outcomes in sales management. Bill advocates for a shift towards using a daily, optimized list of deals to maximize sales and minimize risk, and invites listeners to learn more about Funnelcast on their website.
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