A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
If youâve watched Shark Tank in the past 4 years, you might have noticed a new segment. I call it: âAnd then Covid hit.â Entrepreneurs making their case for funding from the Sharks will have painted a rosy story of the early days of their business. Sales are booming, inventory canât keep up, life is good. âAnd then Covid hit.â They then take a 2-minute detour (edited down for TV) to detail:
These interesting, heart-wrenching stories of grit and entrepreneurial spirit make for great television. But hearing the same story arc repeatedly begins to lose its emotional effect and becomes a distraction to the task at hand. In fact, in recent episodes, youâll see the Sharks sharply interrupt the Covid sob story saying, âTell me about your numbers.â, bringing focus back to the pitch. We all have an interesting personal story about how we ended up as independents. Often it includes a layoff, or a re-org, or full-blown corporate burnout. And itâs natural to want to share the narrative that led you to where you are today. That said, in a sales cycle, your prospects are far more interested in what you can do to get them out of their urgent problem. The details of your professional journey are a distant second priority (perhaps even lower). You donât need to be a robot, but stay focused on their problem, not your story. đĄ -Wes |
A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.