In 2021-2022, companies were trading like hotcakes at over 100X ARR. Fast-forward to 2023, and things are looking bleak.
The projected multiples are now just over 10X ARR (Read: A significant drop in valuation).
This makes it tougher than nails for companies to secure funding this year, so they're forced to reduce expenses and stretch their funds like a piece of chewing gum.
Sales teams are already up against the ropes trying to meet their targets, and the situation seems challenging.
Many companies plan to cut spending on new products, which is like throwing a wrench in the sales team's machine.
But wait, there’s a silver lining here!
Companies are finding some crazy and efficient ways to grow their revenue. For one, they're hiring Fractional CROs to help boost their sales game.
And have you heard about the 100% commission sales reps? Those bad boys are crushing it!
This year may go down in history as the year of Sales Freelancers.
These hustlers sell for multiple companies, making bank, and keeping expenses low; helping these companies stay afloat until the economy stabilizes.
So, in case you still haven't, now's the perfect time to explore Bravado Flex to find your freelance side hustle today!
https://bravado.co/flex-challenge/start
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https://bravado.co/lp/revenue-recap-2022?utm_source=bravado&utm_medium=warroom&utm_campaign=revenuerecap Revenue Recap 2022
Whether you are a CEO looking for insights on how to build your sales team, or a sales executive who wants to get ahead in 2023, this report is for you:
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