Sharing Your Story, Connect on a Human Level, and Grow
Bill Schick, eMBA, FCMO
Is your life science or medical device company stuck under $100M? Let's talk about how I can bridge the gap between your business and meaningful growth. #FCMO
I recently took on two new clients as an FCMO.
One of the first conversations we have (even before engaging), is exploring the Founder's story:
(Side note: Early in my career I actually lost a prospective client because I asked her during an intro meeting the question "why": was there was any unique driving factor that motivated her to walk away from a lucrative career and focus on being a stay at home parent, and why she made it (she had initially brought this up and talked about it for quiet some time… so I didn't really see the problem She was offended that I would "pry"). I ask this because often, the reasons why we do things inform key personality traits that can then be expanded into the brand, marketing and positioning of your company).
I've learned a little since then.
See, as a life long student of human behavior, it's fascinating to me to see the parallel between storytelling and its powerful application in modern business practices, especially in the life sciences.
While another client had taken over a business with such a sordid past that there was no way they could tell that story, many of my clients have opened the doors to customer growth through illuminating their journey in some fashion: one even built a (10,000+) community in a few short weeks based on the story of developing the science for their innovation.
Yet so many life science founders and leaders, deeply engrossed in the technical and scientific aspects of their business, often overlook the importance of storytelling in connecting with their audience.
So what, you say?
I often hear "Who cares—I've created innovation—I don't need a story to sell it."
I wish that was true, but it's simply not. I've talked about this plenty before, so I won't rehash it here.
Without your story, you're going to run into several challenges:
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How Storytelling is Part of Your Solution
Your invention—a small, yet groundbreaking device (or therapy) probably addresses a key issue overlooked by larger devices—represents not just a technological advancement but a narrative rich with human endeavor, innovation, and problem-solving.
Incorporating storytelling into your communication strategy can accelerate adoption by:
What You Might Do Instead
If you're going to grow your company (and save yourself), you can do a few things quickly:
For further exploration on the power of storytelling in business, Simon Sinek's "Start with Why" offers profound insights into how leaders can inspire action by first articulating their purpose.
Additionally, "The Storytelling Edge" by Joe Lazauskas and Shane Snow provides practical advice on how to use storytelling to communicate more effectively, build empathy, and drive engagement.
Integrating storytelling into your communication strategy is not just about selling a product; it's about sharing a vision, connecting on a human level, and building a community that believes in what you're doing.
By embracing your narrative, you not only enhance the visibility and appeal of your life science innovation but also accelerate the journey toward success.
Tell your story, grow your company, and save yourself.
—B
PS: If you have a moment and want to learn more about how telling your story can help you grow, book some time with me.
PPS: check out my digital marketing agency.
US Top 100 Financial Advisor | Founder & CEO of Modern Wealth
1 年Bill Schick, eMBA, FCMO, crucial insight! How do you strike the right balance between data-driven decisions and compelling storytelling in Life Sciences?
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1 年Excellent article.