Jeff Pedowitz, President & CEO of The Pedowitz Group
Jeff Pedowitz is a recognized leader in the marketing and revenue operations space, serving as the President and CEO of The Pedowitz Group. With over 30 years of experience, Jeff has been at the forefront of helping organizations drive revenue growth and operational excellence through innovative strategies and transformative leadership. Under Jeff’s guidance, The Pedowitz Group has become a global authority in Revenue Marketing, partnering with hundreds of B2B organizations to optimize their marketing efforts, enhance customer engagement, and accelerate business outcomes.
Jeff’s insights into the intersection of marketing technology, AI, and customer experience have positioned him as a sought-after speaker, consultant, and thought leader. Jeff’s approach is deeply rooted in practical execution, blending strategic vision with hands-on expertise. His work has not only reshaped how companies view marketing’s role in the revenue generation process but has also empowered marketing leaders to drive measurable impact and long-term value.
In addition to his role at The Pedowitz Group, Jeff is a prolific writer and contributor to industry publications, and his thought leadership continues to shape the future of marketing. When he’s not driving change in the industry, Jeff enjoys spending time with his family and exploring new opportunities to innovate in the ever-evolving world of marketing.
www.linkedin.com/in/jeffpedowitz
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[00:00:01] [SPEAKER_00]: You're listening to Scaling Up Services, where we speak with entrepreneurs, authors,
[00:00:06] [SPEAKER_00]: business experts, and thought leaders to give you the knowledge and insights you need to
[00:00:10] [SPEAKER_00]: scale your service-based business faster and easier.
[00:00:14] [SPEAKER_00]: And now, here is your host, business coach Bruce Eckfeldt.
[00:00:19] [SPEAKER_01]: This episode of Scaling Up Services is brought to you by Dash VA.
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[00:01:20] [SPEAKER_01]: Now, back to our episode.
[00:01:22] [SPEAKER_01]: Welcome, everyone.
[00:01:23] [SPEAKER_01]: This is Scaling Up Services.
[00:01:24] [SPEAKER_01]: I'm Bruce Hekvelt.
[00:01:25] [SPEAKER_01]: I'm your host.
[00:01:26] [SPEAKER_01]: Our guest today is Jeff Petowitz.
[00:01:28] [SPEAKER_01]: He is an author.
[00:01:29] [SPEAKER_01]: He is a CEO.
[00:01:30] [SPEAKER_01]: He's a founder.
[00:01:31] [SPEAKER_01]: We're going to talk to him about sales and growth and revenue.
[00:01:35] [SPEAKER_01]: Obviously, a big issue for most companies, a big issue for most growth companies, how
[00:01:42] [SPEAKER_01]: do we grow the company is generally focused on how do we grow sales and revenue?
[00:01:46] [SPEAKER_01]: How do we get client engagement?
[00:01:48] [SPEAKER_01]: How do we market?
[00:01:48] [SPEAKER_01]: How do we get leads?
[00:01:49] [SPEAKER_01]: How do we close leads?
[00:01:51] [SPEAKER_01]: And really, how do we evolve the systems and the technology and the processes that we have
[00:01:55] [SPEAKER_01]: is a big part of the growth process.
[00:01:57] [SPEAKER_01]: So I'm excited for this.
[00:01:58] [SPEAKER_01]: Jeff has some really interesting background.
[00:02:00] [SPEAKER_01]: He's got some interesting insights, some great tools.
[00:02:02] [SPEAKER_01]: He's also an author.
[00:02:03] [SPEAKER_01]: We're going to hear about some of the books he's written and some of the work he's done.
[00:02:07] [SPEAKER_01]: I'm excited for this.
[00:02:08] [SPEAKER_01]: There's going to be, I'm sure, some really great takeaways for folks looking to grow
[00:02:11] [SPEAKER_01]: and scale.
[00:02:12] [SPEAKER_01]: So with all that, Jeff, welcome to the program.
[00:02:15] [SPEAKER_01]: JEFF PETOWITZ Awesome, Bruce.
[00:02:15] [SPEAKER_01]: Thank you.
[00:02:16] [SPEAKER_01]: Glad to be here.
[00:02:17] [SPEAKER_01]: BRUCE HEKVELT Yeah, it's a pleasure.
[00:02:18] [SPEAKER_01]: Before we dive into everything you're doing today and AI and revenue,
[00:02:22] [SPEAKER_01]: give us a little background.
[00:02:23] [SPEAKER_01]: I guess professionally, what have you been doing in the past?
[00:02:26] [SPEAKER_01]: How did you get into this work?
[00:02:28] [SPEAKER_01]: How did you get into sales and revenue growth?
[00:02:29] [SPEAKER_01]: Give us a little story.
[00:02:31] [SPEAKER_01]: JEFF PETOWITZ Well, the whole life story.
[00:02:34] [SPEAKER_02]: BRUCE HEKVELT Ready?
[00:02:36] [SPEAKER_02]: 30 seconds.
[00:02:36] [SPEAKER_01]: Go.
[00:02:37] [SPEAKER_02]: JEFF PETOWITZ Hey.
[00:02:38] [SPEAKER_02]: I actually got my career started in the restaurant business and franchising
[00:02:43] [SPEAKER_02]: along with my dad.
[00:02:44] [SPEAKER_02]: I owned and operated 35 Subway sandwich store.
[00:02:47] [SPEAKER_03]: BRUCE HEKVELT Oh, wow.
[00:02:48] [SPEAKER_02]: Yeah.
[00:02:49] [SPEAKER_02]: Uh-huh.
[00:02:49] [SPEAKER_02]: JEFF PETOWITZ So got a really good operational discipline,
[00:02:52] [SPEAKER_02]: I think.
[00:02:53] [SPEAKER_02]: I'm sure been part of my DNA.
[00:02:55] [SPEAKER_02]: But have always loved technology, sales, and marketing.
[00:02:59] [SPEAKER_02]: So this is, of course, not to age myself too much.
[00:03:02] [SPEAKER_02]: In the 90s, the internet was getting going and all my friends but one were in software
[00:03:07] [SPEAKER_02]: and they would tease me mercilessly, which is for the rest of your life.
[00:03:12] [SPEAKER_02]: So I ended up selling out my shares to my dad, picked up some programming certificates,
[00:03:20] [SPEAKER_02]: and went over to work at Computer Associates.
[00:03:22] [SPEAKER_02]: And then really just started my lifelong love affair with enterprise software.
[00:03:28] [SPEAKER_02]: So had different roles in consulting.
[00:03:32] [SPEAKER_02]: And then I moved around to a couple of startups and ran marketing and worked in channels.
[00:03:38] [SPEAKER_02]: And in the early 2000s, I was working with an early Salesforce competitor called SalesNet.
[00:03:44] [SPEAKER_02]: And we brought in Eloqua to help generate leads for our channel partners and resellers.
[00:03:50] [SPEAKER_02]: I think that was one of those, the skies opened up calling to me moments.
[00:03:56] [SPEAKER_02]: Really, I just fell in love with everything that Eloqua had so much so I went to work for them
[00:04:01] [SPEAKER_02]: as their first director of professional services.
[00:04:04] [SPEAKER_02]: And then a couple of years later, as we were watching all the partners really start to grow
[00:04:09] [SPEAKER_02]: their businesses with IP that my team and I were creating, I said, hey, I can do this.
[00:04:15] [SPEAKER_02]: So hung up our shingle in 2007 and it's been a rocket ship ever since.
[00:04:20] [SPEAKER_01]: Yeah, I'm sure.
[00:04:21] [SPEAKER_01]: I guess what do you feel like you were doing well or what gave you that kind of traction
[00:04:25] [SPEAKER_01]: and that acceleration?
[00:04:26] [SPEAKER_01]: Like what did you figure out or what was the value you're creating for companies?
[00:04:30] [SPEAKER_02]: Well, I think sometimes this within all markets are being in the right place at the right time.
[00:04:35] [SPEAKER_02]: I think in that time period, right around 2007, the market was ripe for disruption.
[00:04:43] [SPEAKER_02]: B2B marketing was really starting to change.
[00:04:45] [SPEAKER_02]: Marketing's role was really starting to come into a sharper focus,
[00:04:49] [SPEAKER_02]: not being an arts and crafts department, but being expected to contribute and drive revenue.
[00:04:53] [SPEAKER_02]: And there really just was a lack of tools, processes, training, and skills.
[00:04:58] [SPEAKER_02]: Most marketers at that time, I mean, these concepts today that we take for granted here
[00:05:03] [SPEAKER_02]: 20 years later, demand generation, lead generation, account-based marketing, and such.
[00:05:07] [SPEAKER_02]: I mean, these were not even in the lexicon.
[00:05:11] [SPEAKER_02]: But there was a ripe opportunity.
[00:05:13] [SPEAKER_02]: It wasn't just us, of course.
[00:05:14] [SPEAKER_02]: You had companies like Sirius Decisions building advisory practices on helping sales and marketing
[00:05:19] [SPEAKER_02]: figuring out how to systematically grow.
[00:05:21] [SPEAKER_02]: And then, of course, you had the MarTech revolution, which at that time, I don't think anyone could
[00:05:26] [SPEAKER_02]: foresee that we're going to have tens of thousands of companies.
[00:05:29] [SPEAKER_02]: But that also really paved the way.
[00:05:32] [SPEAKER_02]: And then when you had the big guys like Salesforce and Microsoft and Adobe and Oracle kind of buying
[00:05:37] [SPEAKER_02]: in and consolidating and the money flowing in from private equity, it really just kind of created this
[00:05:43] [SPEAKER_02]: 20-year growth window of a bit of an arms race, I guess.
[00:05:47] [SPEAKER_02]: You know, just buy, invest in processes, invest in marketing and revenue operations,
[00:05:53] [SPEAKER_02]: really engage the buyer digitally.
[00:05:55] [SPEAKER_02]: And then, of course, along the way, we have all these new channels that we didn't even
[00:05:58] [SPEAKER_02]: have in 2007.
[00:06:00] [SPEAKER_02]: I mean, in 2007, Facebook was only three years old.
[00:06:02] [SPEAKER_02]: It was a year old.
[00:06:05] [SPEAKER_02]: The mobile phone, the smartphone was just launched that year from Apple.
[00:06:09] [SPEAKER_02]: We didn't have Instagram, TikTok, other things.
[00:06:14] [SPEAKER_02]: So a lot has changed really in just a short and very fast-paced 20 years.
[00:06:20] [SPEAKER_02]: And along the way, the buying process in B2B has changed considerably.
[00:06:27] [SPEAKER_02]: Back in 2007, buyers were already good 60%, 70% into their purchase cycle before they
[00:06:33] [SPEAKER_02]: wanted to talk to a salesperson.
[00:06:35] [SPEAKER_02]: Today, it's over 90%.
[00:06:38] [SPEAKER_02]: And there's a lot more channels.
[00:06:40] [SPEAKER_02]: There's a lot more content.
[00:06:41] [SPEAKER_02]: And no matter what your industry is, if you're in B2B, you've seen a lot of changes and disruption
[00:06:47] [SPEAKER_02]: the last five to 10 years.
[00:06:49] [SPEAKER_02]: And today, sales cycles are much longer, much more decision makers.
[00:06:54] [SPEAKER_02]: Budgets are highly scrutinized with multiple levels.
[00:06:57] [SPEAKER_02]: And if everybody out there has access to this information and content and tools, then even
[00:07:04] [SPEAKER_02]: if they're only doing it OK, it's just creating a lot of noise in the marketplace.
[00:07:08] [SPEAKER_02]: So it's harder and harder for businesses that even have great products, great services,
[00:07:13] [SPEAKER_02]: great people to differentiate and find their targeted customer in the market.
[00:07:18] [SPEAKER_02]: So it's against that backdrop that my company exists.
[00:07:21] [SPEAKER_02]: It's just helping companies figure all this out.
[00:07:25] [SPEAKER_02]: And how do you drive revenue in a scalable way?
[00:07:28] [SPEAKER_01]: So I guess, tell me a little bit about the books.
[00:07:31] [SPEAKER_01]: What is the knowledge or the systems or the content that you've developed that you've
[00:07:37] [SPEAKER_01]: been able to put in these books and really get out into the market?
[00:07:40] [SPEAKER_02]: So my first book that I wrote called F the Funnel was really built on a concept that
[00:07:47] [SPEAKER_02]: we brought to market back in 2015, which is recognizing that the funnel itself, which
[00:07:52] [SPEAKER_02]: of course we all use forever.
[00:07:56] [SPEAKER_02]: It's really just a company construct based upon manufacturing.
[00:08:00] [SPEAKER_02]: How do we help forecast our own business?
[00:08:02] [SPEAKER_02]: Which makes sense.
[00:08:03] [SPEAKER_02]: I mean, we're trying to run systems as a company, but it really has nothing to do at
[00:08:07] [SPEAKER_02]: all with the customer.
[00:08:09] [SPEAKER_02]: Yeah, the customer doesn't envision themselves going through a funnel.
[00:08:12] [SPEAKER_02]: Of course not.
[00:08:13] [SPEAKER_02]: You know, oh, hey, you're in awareness stage.
[00:08:15] [SPEAKER_02]: You know, that's not how they think.
[00:08:19] [SPEAKER_02]: So with F the Funnel, we're saying, look, that's not really customer engagement, customer
[00:08:25] [SPEAKER_02]: focused.
[00:08:26] [SPEAKER_02]: We presented more of a full infinity loop concept, which is how do you align with your
[00:08:31] [SPEAKER_02]: customer where they are?
[00:08:33] [SPEAKER_02]: I mean, you stop forecasting, but you do start focusing on whether the activities, the
[00:08:38] [SPEAKER_02]: content, the skills, the engagement, the touch points, that sales, marketing, service,
[00:08:42] [SPEAKER_02]: operations, finance, procurement, et cetera.
[00:08:45] [SPEAKER_02]: What does the customer need at any given point?
[00:08:48] [SPEAKER_02]: And how do we make sure that we're in alignment with them so that we are starting to build
[00:08:52] [SPEAKER_02]: our sales and marketing processes and systems around the customer versus around ourselves?
[00:08:56] [SPEAKER_02]: So that's really what we focused on in that book, which is how do you build better
[00:09:01] [SPEAKER_02]: relationships?
[00:09:03] [SPEAKER_02]: And the second book, AI Revenue Architect, which at the beginning of last year, just
[00:09:09] [SPEAKER_02]: really focused on how businesses can unlock the potential of AI to really grow their revenue
[00:09:14] [SPEAKER_02]: and their business.
[00:09:16] [SPEAKER_02]: And everyone is looking for an edge, whether it's to save money, to become more efficient,
[00:09:21] [SPEAKER_02]: to be more productive, to get more data insights.
[00:09:24] [SPEAKER_02]: And the fact is AI has been around for a long time.
[00:09:27] [SPEAKER_02]: It's just that chat GPT has just brought it much closer for us.
[00:09:31] [SPEAKER_02]: We could talk to the machine that talks back and it does stuff for us, and that's cool.
[00:09:36] [SPEAKER_02]: But AI has been around since 1950s, since Alan Turing invented it.
[00:09:40] [SPEAKER_02]: But today, I mean, so if we thought that MarTech grew a lot, it took MarTech about 15, 20 years
[00:09:47] [SPEAKER_02]: to get to over 15,000 applications.
[00:09:49] [SPEAKER_02]: I, in less than a year, there's over 50,000.
[00:09:53] [SPEAKER_02]: Yeah, yeah, it just exploded.
[00:09:55] [SPEAKER_02]: And in part because of course, no AI can write code really well and there's platforms for
[00:09:59] [SPEAKER_02]: generating tools and software.
[00:10:00] [SPEAKER_02]: So the innovation game has just jumped up to magnitude.
[00:10:04] [SPEAKER_02]: But within that landscape, of course, no practical human being, myself included, can keep track
[00:10:09] [SPEAKER_02]: of 50,000 applications.
[00:10:10] [SPEAKER_01]: Yeah, exactly.
[00:10:11] [SPEAKER_02]: But the categories and the use cases are still relevant.
[00:10:15] [SPEAKER_02]: And so AI is some, doesn't have to be an elusive concept.
[00:10:19] [SPEAKER_02]: It's how do you invest in the right types of tools and software that have AI as part of
[00:10:25] [SPEAKER_02]: them so that we can be more effective in sales, marketing, HR, IT, finance operations.
[00:10:30] [SPEAKER_02]: And there are dozens of applications in all business departments now that solve real use
[00:10:36] [SPEAKER_02]: cases and they're relatively affordable.
[00:10:40] [SPEAKER_01]: Yeah, before we kind of dive into all the kind of AI stuff going on, I'd love to just
[00:10:44] [SPEAKER_01]: kind of get a sense from you, from just kind of a process or a model or a strategy.
[00:10:49] [SPEAKER_01]: For companies that are going through kind of this growth phase, right?
[00:10:54] [SPEAKER_01]: So going from a couple million to a couple hundred million of revenue, what are the kind
[00:10:59] [SPEAKER_01]: of the big breakpoints or the big issues that start to come up, particularly for service
[00:11:02] [SPEAKER_01]: companies here where you need to really kind of think about or change either your strategy
[00:11:09] [SPEAKER_01]: or mindset?
[00:11:10] [SPEAKER_01]: Because I find that so many companies hit these ceilings or these bottlenecks where
[00:11:15] [SPEAKER_01]: they get to a certain point and then they just, they can't evolve their systems and
[00:11:20] [SPEAKER_01]: their strategy, whether it's around the business or operations or sales.
[00:11:25] [SPEAKER_01]: What are some of the things that you see that kind of get in the way of company's growth
[00:11:30] [SPEAKER_01]: and what are some ideas or things that you help them to kind of break through those bottlenecks?
[00:11:36] [SPEAKER_02]: Yeah, I mean, well, there's a book that's been out for a long time now, probably about
[00:11:40] [SPEAKER_02]: 15 or 20 years, maybe even longer.
[00:11:42] [SPEAKER_02]: Or what got you here won't get you there.
[00:11:44] [SPEAKER_02]: Yeah, exactly.
[00:11:45] [SPEAKER_02]: And that really is for first-time managers to understand, hey, you got promoted because
[00:11:49] [SPEAKER_02]: of your skill and your knowledge, but that what got you promoted is not the skills you're
[00:11:54] [SPEAKER_02]: going to need to be a good manager.
[00:11:56] [SPEAKER_02]: Exactly.
[00:11:56] [SPEAKER_02]: Good leader.
[00:11:57] [SPEAKER_02]: The same principles apply at the business level because, okay, almost most businesses
[00:12:02] [SPEAKER_02]: are, especially services businesses, are founder-started, founder-led.
[00:12:07] [SPEAKER_02]: And the founder is the master salesperson, the chief cook, the plumber, the architect,
[00:12:12] [SPEAKER_02]: the delivery person.
[00:12:13] [SPEAKER_02]: And that works fine to get to the first couple million.
[00:12:17] [SPEAKER_02]: After that, there are only so many hours in the day.
[00:12:20] [SPEAKER_02]: And no matter how talented the founder is, there's just not enough time to be able to
[00:12:25] [SPEAKER_02]: do that at scale.
[00:12:26] [SPEAKER_02]: And your business starts to need different things that it didn't need when it was only
[00:12:31] [SPEAKER_02]: a couple million.
[00:12:33] [SPEAKER_02]: It needs stronger systems, whether it's accounting systems, CRM systems.
[00:12:38] [SPEAKER_02]: It needs processes that are designed to scale, not designed to just serve a few clients and
[00:12:43] [SPEAKER_02]: a few people.
[00:12:44] [SPEAKER_02]: Investments in HR and the workforce.
[00:12:47] [SPEAKER_02]: And you also have kind of the founder's dilemma.
[00:12:50] [SPEAKER_02]: Sometimes what makes someone a good entrepreneur and founder, many people can't make that
[00:12:55] [SPEAKER_02]: transition to leading and running an enterprise.
[00:12:58] [SPEAKER_02]: They're very different skills.
[00:13:00] [SPEAKER_02]: That doesn't mean that the founder is somehow broken or incomplete.
[00:13:05] [SPEAKER_02]: It just means they have to re-evaluate.
[00:13:08] [SPEAKER_02]: Do they really want to scale their company, or do they want to continue running it as a
[00:13:12] [SPEAKER_02]: lifestyle business?
[00:13:13] [SPEAKER_02]: If they want to run it as a lifestyle business, then they can keep being the founder and the
[00:13:16] [SPEAKER_02]: chief bottle washer and scale it.
[00:13:20] [SPEAKER_02]: They have to look at their own skills and how they're blocking, and look at their management
[00:13:25] [SPEAKER_02]: team, leadership team.
[00:13:27] [SPEAKER_02]: They have to be prepared to start letting go and investing in talent that they can surround
[00:13:31] [SPEAKER_02]: themselves with.
[00:13:32] [SPEAKER_02]: And then the founder can focus more on the strategy and the vision and bring people in
[00:13:37] [SPEAKER_02]: that can run the various departments.
[00:13:39] [SPEAKER_02]: So you have to invest in talented people.
[00:13:41] [SPEAKER_02]: You have to invest in better systems, better processes.
[00:13:44] [SPEAKER_02]: But you also have to have a much better understanding of your market.
[00:13:48] [SPEAKER_02]: You know, what if you're a founder and your business really truly serves a small niche?
[00:13:53] [SPEAKER_02]: Now, there's a saying that says there's riches in niches, but not every niche can scale
[00:13:57] [SPEAKER_02]: to $100 million.
[00:13:58] [SPEAKER_02]: Maybe a niche can only grow to $8 million or $15 million.
[00:14:01] [SPEAKER_02]: So you have to understand the potential of your niche.
[00:14:04] [SPEAKER_02]: But it's really all those other areas that you have to invest in.
[00:14:07] [SPEAKER_01]: Yeah.
[00:14:08] [SPEAKER_01]: There's so many things here I want to ask about.
[00:14:11] [SPEAKER_01]: I think the first one is kind of going back to your comment that going from this kind
[00:14:15] [SPEAKER_01]: of founder to more of a leadership position, you know, I always find that there's this
[00:14:22] [SPEAKER_01]: challenge when it's kind of founder-led sales.
[00:14:25] [SPEAKER_01]: They can do things in certain ways and be able to close certain deals and have certain
[00:14:28] [SPEAKER_01]: conversations.
[00:14:29] [SPEAKER_01]: And then they get stuck when they start bringing other people to kind of lead or run the sales
[00:14:35] [SPEAKER_01]: process.
[00:14:36] [SPEAKER_01]: What are some of the kind of shifts that you see founders need to make?
[00:14:41] [SPEAKER_01]: Not just in terms of bringing in people, but even just thinking about the sales strategy
[00:14:45] [SPEAKER_01]: and sales process when you go from kind of founder-led to more of a professional sales
[00:14:49] [SPEAKER_01]: team-led?
[00:14:50] [SPEAKER_01]: I've gone through the same, and I'm still living these problems.
[00:14:52] [SPEAKER_02]: Yeah.
[00:14:53] [SPEAKER_02]: Whenever it's service business to me, if I could go back and talk to myself 15 years
[00:14:58] [SPEAKER_02]: ago, I would have told me to keep it simple and more focused.
[00:15:04] [SPEAKER_02]: The more services you add because you're trying to be and delight your customer and respond,
[00:15:09] [SPEAKER_02]: it for the founder, it's not really an issue or maybe a few key people.
[00:15:13] [SPEAKER_02]: But to expect to bring on a salesperson that can understand the vast myriad of things to
[00:15:19] [SPEAKER_02]: consult on and deliver and come up with an SOW and scale, you're going to fail every
[00:15:24] [SPEAKER_02]: single time.
[00:15:25] [SPEAKER_02]: You just can't build a sales force around a truly highly diverse services portfolio,
[00:15:31] [SPEAKER_02]: especially at a small size.
[00:15:32] [SPEAKER_02]: Now, that's one thing you start getting up to $80, $100 million.
[00:15:35] [SPEAKER_02]: You can start to divide your sales teams up by practice area or by industry or by their
[00:15:40] [SPEAKER_02]: areas.
[00:15:40] [SPEAKER_02]: But when you're trying to get to that scale level, you really should only be focused on
[00:15:44] [SPEAKER_02]: just a few things.
[00:15:45] [SPEAKER_02]: That's critically important.
[00:15:46] [SPEAKER_02]: And it's the same thing for marketing because in services, we do not have the profit margins
[00:15:53] [SPEAKER_02]: and the money to invest in marketing like a product company does.
[00:15:57] [SPEAKER_02]: Most of us are investing 1% to 3%, maybe.
[00:16:00] [SPEAKER_02]: When product companies can invest 7% to 12%, that's a huge difference.
[00:16:04] [SPEAKER_02]: So if you only have a small amount of money to begin with and you're trying to do anything
[00:16:08] [SPEAKER_02]: and everything, you're really taxing and stretching your marketing team.
[00:16:12] [SPEAKER_02]: And it's going to be really hard to scale.
[00:16:15] [SPEAKER_02]: MIKE GREEN Yeah.
[00:16:16] [SPEAKER_02]: Yeah.
[00:16:16] [SPEAKER_02]: MIKE REYNOLDS Think about the systems that you need to
[00:16:19] [SPEAKER_02]: support all those different services.
[00:16:20] [SPEAKER_02]: How do you price it?
[00:16:21] [SPEAKER_02]: How do you train people?
[00:16:23] [SPEAKER_02]: How do you ramp up?
[00:16:24] [SPEAKER_02]: How do you how do you skill and tool for that?
[00:16:26] [SPEAKER_02]: What systems do you need?
[00:16:28] [SPEAKER_02]: And the more different things you're doing, the harder it is to scale.
[00:16:33] [SPEAKER_01]: Yeah.
[00:16:33] [SPEAKER_01]: You just add complexity, computational complexity to the whole thing when you have too many things
[00:16:40] [SPEAKER_01]: you're trying to sell or too many versions.
[00:16:41] [SPEAKER_01]: MIKE GREEN Listen to this podcast, Mike.
[00:16:43] [SPEAKER_01]: MIKE REYNOLDS
[00:16:46] [SPEAKER_01]: Exactly.
[00:16:48] [SPEAKER_01]: So let's talk about hiring salespeople because I think it's another thing they get tripped up on,
[00:16:54] [SPEAKER_01]: either in terms of generally what kind of talent or who should you be hiring or what
[00:17:01] [SPEAKER_01]: kind of skills should you be hiring into the sales process, and then the actual people
[00:17:07] [SPEAKER_01]: themselves, how to evaluate or how to, A, figure out what kind of salesperson is going to work
[00:17:13] [SPEAKER_01]: best for you and what you're selling, how you're selling it, the nature of your company,
[00:17:17] [SPEAKER_01]: your culture, and then how to actually mechanically go about finding, evaluating people.
[00:17:25] [SPEAKER_01]: I've seen them.
[00:17:26] [SPEAKER_01]: I certainly had at my company.
[00:17:27] [SPEAKER_01]: I probably went through three senior sales executives and paid them a lot of money,
[00:17:31] [SPEAKER_01]: and six months later had nothing.
[00:17:33] [SPEAKER_01]: But I realized some of it was cultural, some of it was where we were and who we hired,
[00:17:39] [SPEAKER_01]: and sometimes it was like hiring someone too senior and kind of problems like that.
[00:17:44] [SPEAKER_01]: MIKE REYNOLDS
[00:17:45] [SPEAKER_02]: There is a lot of pieces to this.
[00:17:47] [SPEAKER_02]: Different advice I would give for a services company.
[00:17:51] [SPEAKER_02]: Let's just say a general company because in services,
[00:17:54] [SPEAKER_02]: it really is still and always will be about the relationships that we have with our clients.
[00:18:00] [SPEAKER_02]: So you're honestly better off investing in really good account managers that can manage
[00:18:06] [SPEAKER_02]: your accounts, that can also participate in some of the delivery and strategy so they're
[00:18:10] [SPEAKER_02]: partially billable, but they're also trying to grow the account, and these are people that have
[00:18:13] [SPEAKER_02]: deeper industry experience.
[00:18:15] [SPEAKER_02]: Maybe they've grown with you over the years already, and they can move into that role,
[00:18:19] [SPEAKER_02]: or you're looking for people that are doing something similar, maybe at a competitor or
[00:18:22] [SPEAKER_02]: else.
[00:18:23] [SPEAKER_02]: And these are the people that you can pay, let's say $1.50 as a base salary as an average,
[00:18:30] [SPEAKER_02]: then you're giving them, let's say a 20% to 30% bonus to grow the account.
[00:18:35] [SPEAKER_02]: Now, that's just a rough average.
[00:18:36] [SPEAKER_02]: Obviously, it's going to be different for industries and where they live and so on.
[00:18:41] [SPEAKER_02]: But on the net new, until you have enough leads coming in and your sales process is humming,
[00:18:48] [SPEAKER_02]: where you can't keep up with demand, I wouldn't invest at all in any new salespeople.
[00:18:55] [SPEAKER_02]: I would have the founder and your key managers and your practice leaders handling it until
[00:19:01] [SPEAKER_02]: such point where to get to that next level.
[00:19:05] [SPEAKER_02]: Now, you want to bring in maybe a couple of junior reps.
[00:19:07] [SPEAKER_02]: Your process should be so airtight and documented, nailed down and consistent that you could bring
[00:19:12] [SPEAKER_02]: in some junior people and train them, and they could start taking it over.
[00:19:15] [SPEAKER_02]: I wouldn't even hire a sales leader or a sales manager until you have a few people, a few
[00:19:20] [SPEAKER_02]: junior reps that are already working, maybe have a couple of key account managers.
[00:19:24] [SPEAKER_02]: Interesting.
[00:19:24] [SPEAKER_02]: Any sales leader that's going to come in is just going to start adding overhead.
[00:19:29] [SPEAKER_02]: And they're going to want to build out systems and processes and hire people and start doing
[00:19:33] [SPEAKER_02]: a bunch of things.
[00:19:34] [SPEAKER_02]: And you're not going to be thrown off enough profit.
[00:19:36] [SPEAKER_02]: And also the ramp up time, we just services companies that are founder-led just typically
[00:19:41] [SPEAKER_02]: don't have that kind of runway, which is why you see the turnover constantly.
[00:19:46] [SPEAKER_02]: Now, product companies, they can afford to do this every year like clockwork, turn over
[00:19:49] [SPEAKER_02]: half their team, take six to nine months to ramp up the reps.
[00:19:53] [SPEAKER_02]: They know that they're going to be getting rid of half the reps at the end of the year
[00:19:56] [SPEAKER_02]: anyway, but they don't care because even if they just get a couple of house accounts,
[00:19:59] [SPEAKER_02]: they'll flip them and keep them because maybe they're a SaaS company.
[00:20:02] [SPEAKER_02]: But that doesn't work in services.
[00:20:05] [SPEAKER_02]: So and then you just the opportunity cost is huge.
[00:20:10] [SPEAKER_01]: Yeah.
[00:20:11] [SPEAKER_01]: No, just a lot of these things become existential mistakes if not carefully managed.
[00:20:21] [SPEAKER_01]: So let's talk a little bit about the AI.
[00:20:23] [SPEAKER_01]: So where have you seen, I mean, we're still kind of in it and it's been evolving and
[00:20:28] [SPEAKER_01]: things are kind of changing, but where do you see kind of AI really going to practically
[00:20:34] [SPEAKER_01]: helping sales teams, salespeople in actually getting the job done?
[00:20:40] [SPEAKER_01]: Because I think there's a lot of visions or a lot of ideas about what could happen.
[00:20:44] [SPEAKER_01]: What's actually working right now inside sales organizations?
[00:20:48] [SPEAKER_02]: Yeah, I mean, just starting off with applications like Gong,
[00:20:52] [SPEAKER_02]: tech application for sales managers and leaders, because it's not just listening
[00:20:58] [SPEAKER_02]: and transcribing calls, it's really tuning in on training coaching moments.
[00:21:03] [SPEAKER_02]: Interesting.
[00:21:04] [SPEAKER_02]: Opportunities to really help the sales people be at their best.
[00:21:08] [SPEAKER_02]: And so it's like a football coach, you know, looking at game film and being able to kind
[00:21:12] [SPEAKER_02]: of prep and prepare their team for the next week.
[00:21:14] [SPEAKER_02]: Oh, that's a really good one.
[00:21:17] [SPEAKER_02]: A lot of good use cases for chat GPT doing 10k analysis, writing personalized emails,
[00:21:26] [SPEAKER_02]: helping with proposals and SOWs, summarizing content at any of the meeting recording,
[00:21:33] [SPEAKER_02]: whether you're using Fireflies or, you know, Copilot or Teams.
[00:21:36] [SPEAKER_02]: I mean, there's so many of them and then just having a transcription and summary and next
[00:21:40] [SPEAKER_02]: and then being able to kind of quickly get back to your prospect.
[00:21:43] [SPEAKER_02]: Those are all really good productivity enhancers.
[00:21:48] [SPEAKER_02]: A little bit slower on the uptake, but there is, you know, AI for segmentation scoring.
[00:21:54] [SPEAKER_02]: Okay.
[00:21:56] [SPEAKER_02]: So whether you're investing in a Salesforce and use Einstein HubSpot's got some of those
[00:22:00] [SPEAKER_02]: capabilities, maybe you're doing APX with a six cents, you know, they've got some really
[00:22:05] [SPEAKER_02]: good AI enhanced capabilities that are helping prioritize.
[00:22:09] [SPEAKER_02]: And because at the end of the day, I mean, there's so many studies on this.
[00:22:13] [SPEAKER_02]: More than half of salespeople's time is spent on administrative activities, which for any
[00:22:18] [SPEAKER_02]: sales organization, that's terrible.
[00:22:21] [SPEAKER_02]: It's killer.
[00:22:21] [SPEAKER_02]: Yeah.
[00:22:21] [SPEAKER_02]: And that it should be like 10 percent.
[00:22:24] [SPEAKER_02]: We want them in front of prospects and customers as much as possible.
[00:22:29] [SPEAKER_02]: So if they're spending time just doing busy work and we can use AI tools or other types
[00:22:35] [SPEAKER_02]: of software that you don't even need AI to do that, that will make them more productive,
[00:22:39] [SPEAKER_02]: then those are good investments people should be making.
[00:22:43] [SPEAKER_01]: Yeah.
[00:22:43] [SPEAKER_01]: Interesting.
[00:22:44] [SPEAKER_01]: And where are you seeing some future or things that look exciting but haven't quite hit main,
[00:22:51] [SPEAKER_01]: you know, the primetime yet?
[00:22:53] [SPEAKER_01]: Like what's coming down the pike in terms of AI?
[00:22:57] [SPEAKER_02]: I think it's really around much better intelligence, insights, predictive modeling, next best action.
[00:23:04] [SPEAKER_02]: There's been some stops and starts here, a little bit stronger, maybe on the B2C side.
[00:23:10] [SPEAKER_02]: B2B, it's just not quite there yet, but I think we'll start seeing that.
[00:23:15] [SPEAKER_02]: And then I really envision, it's not specifically related to sales, but
[00:23:20] [SPEAKER_02]: I think we're going to see a new wave of tech where with the help of AI,
[00:23:24] [SPEAKER_02]: we're going to see a more consolidated, more nuanced application stack.
[00:23:28] [SPEAKER_02]: So we don't have to have 17 windows open, you know, with all the stuff.
[00:23:32] [SPEAKER_02]: And we can just go to one or two places and get our work done because AI just becomes
[00:23:38] [SPEAKER_02]: part of our life.
[00:23:39] [SPEAKER_02]: It's not and it makes us more productive.
[00:23:42] [SPEAKER_01]: Yeah.
[00:23:43] [SPEAKER_01]: Yeah, I'm kind of waiting for these kind of meta layers to come in where, you know,
[00:23:46] [SPEAKER_01]: AI just plugs into all the various tools that you happen to have and then creates kind of
[00:23:51] [SPEAKER_01]: the single dashboard or the single interface to all these things.
[00:23:54] [SPEAKER_01]: And then they just swap things out.
[00:23:56] [SPEAKER_01]: Right.
[00:23:56] [SPEAKER_02]: We're talking right now, this podcast window open on my Chrome.
[00:23:59] [SPEAKER_02]: I have just on this window I have in Chrome, I mean, there's got to be at least 15 tabs
[00:24:05] [SPEAKER_02]: to other windows that are in the backdrop that I have heard some clients and some other stuff.
[00:24:09] [SPEAKER_02]: Yeah, it's just there's only so many hours in the day.
[00:24:12] [SPEAKER_02]: And then just even from a communication standpoint, so you're on Slack, you're on Teams,
[00:24:16] [SPEAKER_02]: you have email, you have LinkedIn.
[00:24:19] [SPEAKER_02]: Yet how many different places do I have to keep checking to communicate and talk to people
[00:24:23] [SPEAKER_02]: throughout the day?
[00:24:24] [SPEAKER_02]: It's just mind boggling.
[00:24:25] [SPEAKER_02]: So I can have you stay on top of that.
[00:24:28] [SPEAKER_02]: Even my email alone, I mean, a slow day for me is like 400 emails.
[00:24:32] [SPEAKER_02]: Yeah.
[00:24:35] [SPEAKER_02]: So it's a lot.
[00:24:36] [SPEAKER_02]: It's too much.
[00:24:37] [SPEAKER_02]: And we need to find ways.
[00:24:40] [SPEAKER_02]: AI has to help us simplify our world so that we can spend time on the things that we really
[00:24:45] [SPEAKER_02]: should be spending time with.
[00:24:47] [SPEAKER_01]: Yeah.
[00:24:47] [SPEAKER_01]: If you're a leader, a CEO inside of a service company at this point and looking to kind
[00:24:54] [SPEAKER_01]: of grow and scale and you're thinking about sales, what are some of the things you'd
[00:24:58] [SPEAKER_01]: advise them to start to think about or ways in which you'd kind of help them frame the
[00:25:05] [SPEAKER_01]: problem and how they should think about it?
[00:25:08] [SPEAKER_01]: Because I think that's a challenge for a lot of these folks.
[00:25:09] [SPEAKER_01]: It's like, they know they need to scale.
[00:25:11] [SPEAKER_01]: They know they need to really think their sales.
[00:25:12] [SPEAKER_01]: But it's like, where do you start and how do you start?
[00:25:15] [SPEAKER_02]: Well, I think it starts with you go to the market plan.
[00:25:20] [SPEAKER_02]: What's your value proposition?
[00:25:22] [SPEAKER_02]: What's your market?
[00:25:23] [SPEAKER_02]: What's your competition?
[00:25:25] [SPEAKER_02]: How are you pricing?
[00:25:26] [SPEAKER_02]: How are you going to differentiate?
[00:25:27] [SPEAKER_02]: How are you going to execute?
[00:25:30] [SPEAKER_02]: Believe it or not, a lot of CEOs don't do that.
[00:25:34] [SPEAKER_02]: Yeah.
[00:25:34] [SPEAKER_02]: They're jumping in and they're just doing stuff.
[00:25:37] [SPEAKER_02]: And yeah, any services businesses started because the founder was an expert in something
[00:25:42] [SPEAKER_02]: and just started consulting and maybe they've had a couple of business contacts, right?
[00:25:46] [SPEAKER_02]: So they went out, they were able to get their first couple of clients.
[00:25:48] [SPEAKER_02]: Life was good.
[00:25:49] [SPEAKER_02]: Yeah.
[00:25:50] [SPEAKER_02]: Maybe they're making a couple hundred thousand dollars a year.
[00:25:52] [SPEAKER_02]: They sort of tweak along, right?
[00:25:53] [SPEAKER_02]: And then they kind of scrape and get up to that first million dollar mark.
[00:25:56] [SPEAKER_02]: That's a big thing.
[00:25:57] [SPEAKER_02]: And then maybe they get up to two million.
[00:25:58] [SPEAKER_02]: But for most founders, it's really right around that point.
[00:26:02] [SPEAKER_02]: That million to 2 million where they hit their first wall.
[00:26:05] [SPEAKER_03]: Yeah.
[00:26:07] [SPEAKER_02]: Because everything they've done has been very lifestyle oriented.
[00:26:12] [SPEAKER_02]: There aren't really a lot of, there might be some processes in place,
[00:26:16] [SPEAKER_02]: but not processes that are going to get them to 10.
[00:26:19] [SPEAKER_02]: So you have to think about this in chunks.
[00:26:21] [SPEAKER_02]: What you're going to do to get to 10 million, which is the first,
[00:26:24] [SPEAKER_02]: that's the hardest jump point getting past 5 million up to 10.
[00:26:27] [SPEAKER_02]: Yeah.
[00:26:28] [SPEAKER_02]: As I tell a lot of people, the first 5 million was easy.
[00:26:30] [SPEAKER_02]: The next 10, 5 was a bitch.
[00:26:33] [SPEAKER_02]: Yeah.
[00:26:34] [SPEAKER_02]: Oh, now we need health insurance and we have to have HR.
[00:26:37] [SPEAKER_02]: Oh yeah.
[00:26:38] [SPEAKER_02]: Yeah.
[00:26:40] [SPEAKER_02]: Organizational complexity and all those things.
[00:26:42] [SPEAKER_02]: Yeah.
[00:26:42] [SPEAKER_02]: Not anymore.
[00:26:42] [SPEAKER_02]: So now all of a sudden when I was making bank, because I was spending
[00:26:47] [SPEAKER_02]: $10,000 or $20,000 a year on all my support,
[00:26:49] [SPEAKER_02]: now all of a sudden I'm spending $80,000, $100,000.
[00:26:52] [SPEAKER_02]: HR person.
[00:26:54] [SPEAKER_02]: Oh, geez, there goes some of my profit.
[00:26:56] [SPEAKER_02]: Oh, so I got to generate more sales.
[00:26:59] [SPEAKER_02]: Oh, but now I need more people to do the work.
[00:27:00] [SPEAKER_02]: Because before I was doing it with like one or two other people.
[00:27:03] [SPEAKER_02]: But so now, so a lot of founders are surprised that they actually start making less money
[00:27:09] [SPEAKER_02]: in that 2 to $5 million range than they were making when they were under two.
[00:27:14] [SPEAKER_02]: But that's what it takes to scale.
[00:27:16] [SPEAKER_02]: And then they might even make less than that until they get the balance right.
[00:27:21] [SPEAKER_02]: And then getting from 10 to 25 is a big jump.
[00:27:24] [SPEAKER_02]: Getting from 25 to 50, getting from 50 to 100.
[00:27:27] [SPEAKER_02]: You know, these are all big delta points that require
[00:27:34] [SPEAKER_02]: adapting your strategy, surrounding yourself with personnel and having the cash to do that.
[00:27:42] [SPEAKER_02]: And look, and I say this through personal experience,
[00:27:46] [SPEAKER_02]: chasing revenue is not the same thing as chasing profit.
[00:27:49] [SPEAKER_03]: Oh, geez, yeah.
[00:27:51] [SPEAKER_02]: Yeah, you know, we all get enamored with that top line.
[00:27:55] [SPEAKER_02]: How many sales did we get?
[00:27:56] [SPEAKER_02]: How much revenue did we get?
[00:27:58] [SPEAKER_02]: But especially for services business, your EBITDA number is the most important.
[00:28:04] [SPEAKER_02]: So everything starts and ends with margin.
[00:28:07] [SPEAKER_02]: And again, I say this painfully because I've not always done that.
[00:28:13] [SPEAKER_02]: The school of hard knocks.
[00:28:15] [SPEAKER_02]: Yeah, because without profit, without cash flow,
[00:28:19] [SPEAKER_02]: unless you're independently wealthy with much of us or not,
[00:28:23] [SPEAKER_02]: there's no, you're not getting enough money in the door, cash.
[00:28:27] [SPEAKER_02]: So the money is your money, right?
[00:28:29] [SPEAKER_02]: So that's literally in yourself, you're your own bank until you get to scale.
[00:28:35] [SPEAKER_01]: Yeah, well, and I guess what are some of the other challenges you've seen?
[00:28:40] [SPEAKER_01]: I mean, you personally have experienced or you've seen companies who work with,
[00:28:44] [SPEAKER_01]: you know, around the sales process, because I find that there are several.
[00:28:47] [SPEAKER_01]: But what are some of the key ones that you'd advise people to watch out for?
[00:28:51] [SPEAKER_02]: Well, again, over investing in all the various parts, but I need an SDR.
[00:28:58] [SPEAKER_02]: And I have to buy the software and I need these things.
[00:29:00] [SPEAKER_02]: They need demo kits like start with your actual sales process.
[00:29:06] [SPEAKER_02]: What works for your company?
[00:29:08] [SPEAKER_02]: Can you do something?
[00:29:10] [SPEAKER_02]: Can you train the people that you already have to do what you're doing?
[00:29:14] [SPEAKER_02]: If you can't, then you shouldn't be taking the next step.
[00:29:19] [SPEAKER_02]: Right.
[00:29:20] [SPEAKER_02]: So it really starts off with figuring out something that works.
[00:29:24] [SPEAKER_02]: And for most of us, it's really we all need net new.
[00:29:28] [SPEAKER_02]: But a lot of it is in how do I land and expand the accounts I have?
[00:29:32] [SPEAKER_02]: While still staying focused.
[00:29:35] [SPEAKER_02]: That's the yin and yang of it.
[00:29:37] [SPEAKER_02]: Because your customers, they're happy with the work that you're doing.
[00:29:40] [SPEAKER_02]: And then they ask you, well, can you do this?
[00:29:42] [SPEAKER_02]: And can you do that?
[00:29:43] [SPEAKER_02]: And can you do this?
[00:29:44] [SPEAKER_02]: I can do this.
[00:29:45] [SPEAKER_02]: I can do that.
[00:29:46] [SPEAKER_02]: I can do that.
[00:29:47] [SPEAKER_02]: Um, because you're trying to please your customer and it's a quick path to revenue.
[00:29:51] [SPEAKER_02]: But it also can take you off focus.
[00:29:54] [SPEAKER_02]: So you have to think about how do I help expand my customer,
[00:29:58] [SPEAKER_02]: but still staying within my service set?
[00:30:01] [SPEAKER_02]: And that continues to provide value.
[00:30:04] [SPEAKER_02]: And those are some of the tough trade-off choices.
[00:30:06] [SPEAKER_02]: But if you can maintain that discipline,
[00:30:10] [SPEAKER_02]: um, you're going to get to scale faster.
[00:30:12] [SPEAKER_02]: And that seems counterintuitive because you're like, well, wait a minute.
[00:30:16] [SPEAKER_02]: Let's say I have a client, they're doing $250,000.
[00:30:19] [SPEAKER_02]: And they say that they'll give me another 250 if I do this.
[00:30:23] [SPEAKER_02]: Okay.
[00:30:23] [SPEAKER_02]: But that, this that you're doing,
[00:30:25] [SPEAKER_02]: you don't have anybody in your team that can do that.
[00:30:27] [SPEAKER_02]: You got to go out and hire another skill.
[00:30:29] [SPEAKER_02]: And guess what happens if that client changes their mind?
[00:30:31] [SPEAKER_02]: Now you're trying to another client for the new skill.
[00:30:35] [SPEAKER_02]: And you just took focus away from the first skill or the first thing that you're doing.
[00:30:39] [SPEAKER_03]: Yeah.
[00:30:39] [SPEAKER_02]: And in the end, I've made that mistake.
[00:30:43] [SPEAKER_02]: I could probably fill up, you know, a week or so.
[00:30:49] [SPEAKER_01]: There's your, there's your new podcast.
[00:30:51] [SPEAKER_01]: You're going to launch.
[00:30:53] [SPEAKER_01]: And to who do you typically work with?
[00:30:55] [SPEAKER_01]: How do you typically work with them?
[00:30:56] [SPEAKER_01]: I mean, just give a little sense of who you're engaging with.
[00:30:58] [SPEAKER_01]: And we're working with sales, marketing, IT leaders,
[00:31:01] [SPEAKER_02]: you know, anywhere, director and up that they are trying to get to scale,
[00:31:06] [SPEAKER_02]: but they need to fix their technology.
[00:31:09] [SPEAKER_02]: They need to fix their, their, their brand, their content, their storytelling.
[00:31:13] [SPEAKER_02]: It's too product oriented.
[00:31:15] [SPEAKER_02]: It's not needs oriented.
[00:31:17] [SPEAKER_02]: There's not enough creativity or they have execution challenges
[00:31:21] [SPEAKER_02]: and they just don't have the right personnel or skill
[00:31:23] [SPEAKER_02]: or enough people to be able to do what needs to be done.
[00:31:26] [SPEAKER_02]: So we can help them in any of those areas, but it's really about,
[00:31:30] [SPEAKER_02]: okay, you want to build a revenue engine?
[00:31:32] [SPEAKER_02]: What does your engine need to look like?
[00:31:34] [SPEAKER_02]: What do you have at your company that you can contribute?
[00:31:38] [SPEAKER_02]: And where are we going to contribute?
[00:31:41] [SPEAKER_01]: Jeff, this has been great.
[00:31:42] [SPEAKER_01]: If people want to find out more information about you,
[00:31:44] [SPEAKER_01]: about the books, about the work that you do,
[00:31:46] [SPEAKER_01]: what's the best place to get that?
[00:31:47] [SPEAKER_02]: For our company, the website, it's pettawitzgroup.com.
[00:31:52] [SPEAKER_02]: For my books, just hit Amazon and look for either my name,
[00:31:57] [SPEAKER_02]: Jeff Pettawitz, or look for the books, F the Funnel or AI Revenue Architect.
[00:32:01] [SPEAKER_02]: And you can always hit me up on LinkedIn or my email,
[00:32:05] [SPEAKER_02]: which is jeffpettawitzgroup.com.
[00:32:07] [SPEAKER_01]: Jeff, thank you so much for taking the time today.
[00:32:09] [SPEAKER_01]: An absolute pleasure.
[00:32:10] [SPEAKER_01]: Yeah, thank you, Bruce.
[00:32:11] [SPEAKER_01]: Enjoyed it.
[00:32:48] [SPEAKER_03]: visit c-suiteradio.com