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Field Notes · Issue 031 · 10 August 2026 · 6 min read

Business development without the cold call: working from signals

The best briefs come from noticing something before anyone else does. That is a capture discipline, not a sales one.

Tomás Klein

Contributor, climate tech and fintech engineering

Business development on a specialist desk fails for a boring reason. It is scheduled as a separate activity, it competes with delivery, and delivery always wins.

The desks that grow do not schedule it. They run it out of things they were already going to see.

Six signals that reliably precede a brief

A senior departure. Backfill, plus the churn that follows a leader leaving.

A repeatedly reposted role. An admission that the current approach is not working.

Funding or a new contract. Capacity is about to be bought.

A new site, region, or accreditation. Structural hiring, usually planned badly and late.

A competitor of your client hiring hard. Defensive hiring follows within a quarter, more often than not.

Someone you placed getting promoted. The single warmest signal on this list, and the most commonly missed.

None of these require research time. They pass in front of you weekly. The failure is that they are noticed on a Tuesday and gone by Thursday.

Turn noticing into a list

The mechanism matters more than the insight. Anything that survives a busy week has to be a single action at the moment of noticing.

Paste the advert, the announcement, the profile. Let it be extracted, attributed, and dated, then ranked by how recent it is. When Friday comes, the list of things worth acting on already exists rather than needing to be reconstructed from memory.

That is precisely the loop Holi closes: capture what you saw, keep the source, surface it while it is still warm, and draft the opening from your own material.

The opening line is the whole game

Cold outreach with no reason performs the way it deserves to. The same message anchored to an observable event, with the source stated plainly, is not cold at all.

Compare:

  • "We specialise in your sector and would love to discuss your hiring plans."
  • "I saw the Head of Regulatory role has been reposted twice since May. When we see that pattern it is usually the brief rather than the market. Worth twenty minutes?"

The second one is not clever writing. It is just evidence, and evidence is what you get for free when you capture properly.

Cadence

Ten minutes a day of capture. Thirty minutes on a Friday to work the list. No block booked for business development, ever, because the moment it is a block it is the thing you cancel when a placement wobbles.

The measure

Not calls made. Track how many of your briefs this quarter began with something you noticed before the client asked. On desks that get this right, that share climbs steadily, and the pipeline stops depending on how energetic you were feeling in any given week.

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Asked, and answered

What is the strongest business development signal?
Someone you placed being promoted. You have a warm contact with new budget authority and a reason to make contact that requires no pretext at all.
How much time should business development take?
Ten minutes of daily capture and roughly thirty minutes on a Friday to work the list. Booked blocks get cancelled the moment delivery wobbles, which is why signal-led work outlasts them.

About the author

Tomás Klein

Contributor, climate tech and fintech engineering

Tomás moved from a fintech engineering desk in Berlin into climate tech search in 2023. He writes about how narrow desks build a language of their own, and how a system worth using has to speak that language back.

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Cite this piece

Tomás Klein (2026). Business development without the cold call: working from signals. Field Notes, HOLI. https://hey-holi.com/field-notes/recruitment-business-development-signals

Published 10 August 2026.

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