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Field note 045 min readFrom the notebook · The Trapped-Asset Principle

Where CEOs usually look first — and where I look instead

Marketing, then sales, then the market. I start with the customers you already closed and what happened to them next.

When growth stalls, the search runs in a predictable order. Marketing first: the site, the ads, the agency. Then sales: the pipeline, the reps, the close rate. Then, eventually, the market itself. Maybe it’s saturated, maybe the category moved.

All three are outward-facing. All three involve going to get more. And all three skip over the place where the fastest money almost always sits: the revenue you already own and haven’t asked for.

Your best revenue is already in the room

Most businesses have value locked inside things they already have. Customers who are underpriced because the floor was set years ago. Data that’s collected and never used. A $20M brand had 27,000 to 39,000 subscribers and no idea how old any of them were, so a 60-year-old loyalist and a 37-year-old first-timer got the same message. A process that, once automated, frees capacity worth more than any new hire. A product one structural change away from capturing what the market is already offering.

The instinct when growth stalls is to go get more. More leads, more spend, more people. Far more often the fastest money is the money trapped inside what you’ve built. It’s cheaper to free it than to go find new.

Where I look

  • The customers you closed in the last eighteen months. What happened to them next? Where did onboarding stall, who went quiet, who renewed without being asked to pay more?
  • The price list, and the discounts that replaced it. Nine reps usually means nine definitions of list price.
  • The data nobody segments. What you already know about your buyers that you’ve never used to treat them differently.
  • The five-day process. Every company has one. It’s capacity you can sell.

None of this requires a new channel, a new hire, or a bigger budget. It requires someone with no stake in the org chart to ask what’s already there. The revenue is already there. You just can’t see it yet.

Where is your company leaking revenue?

Twelve questions, five minutes, no email. A read on where to look first.