Entrepreneurs – Do you master online storytelling?

Today that’s become an essential aspect of being an entrepreneur. And so is authenticity. Fortune Magazine senior editor Pattie Sellers explains why in this short video:

Storytelling has become a must for entrepreneurs. All start-ups and businesses have to be able to tell their story on social media in ways that captivate their audience.  Consequently one more crucial skill has to be performed by entrepreneurs. But not to worry, those of you who are not writers can hire one.

Can you write like a journalist?

It’s a new phenomena because in the past there was no need for entrepreneurs to tell an interesting story about themselves and their company that made people want to know more and do business with them.

But social media changed all that. Communication is fundamental and it’s essential to convey your brand in ways that works. Advertising in newspapers, magazines and TV commercials is no longer enough.

You have to be able to tell your story the way a journalist or writer  would. Alternatively get a journalist or writer to tell your story to build up your brand on social media. 

If you write fiction you will be caught

To be honest and authentic is more important than ever. Even if you use little white lies chances are high you will get caught. Today it’s so easy to find the truth. It’s hence essential to be consistent and tell the same story everywhere. Not only online but offline. Unless of course you want someone somewhere, maybe a competitor, to catch you and post their findings somewhere on the web. It happens all the time. So don’t pretend you are better than you are.

Do you agree that social media has made captivating storytelling essential for entrepreneurs and companies? Is excellent communication and writing skills more important than ever? Or are you of the opinion that advertising and TV commercials in the right places is still enough for an entrepreneur to succeed? Are you consistent with your brand and make sure the same information, and pictures, come across everywhere? Are you authentic and honest with your branding? 

Video:stanfordbusinss

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34 Responses to “Entrepreneurs – Do you master online storytelling?”

  1. Jeannette Paladino Says:

    Catarina — good writing is in short supply in social media. I'm glad that I studied journalism in college and began my professional career as a business writer for a daily newspaper. Later I moved into public relations and management positions within large organizations and agencies. But when I began to specialize in social media I returned to my core competency — writing. You can't succeed in any profession unless you can communicate and persuade people to accept your ideas. Writing is at the core of communications.
    My recent post 64 Branding Strategies for Google+ From Copyblogger

  2. Doreen Pendgracs Says:

    Interesting post. Communication is definitely a more important tool for entrepreneurs than every before. Storytelling is a key component, but I'm finding so many blogs of smaller businesses and entrepreneurs have sloppy writing and spelling that it can be a turnoff. If people don't have the skills to write social media updates and blog posts they should hire a professional writer to do it for them. I know of several writers who do this professionally for business clients. The content can still be authentic. It is just polished, as in the case of a diamond to make it more beautiful.
    My recent post Chocolatouring: enjoying the chocolate tours at Hotel Chocolat Boucan

  3. catarinaalexon Says:

    Glad you agree Doreen.

  4. crissamj Says:

    Hasn't it always been that way? Maybe not to the extent of what we see nowadays because of prolific social media, but people have normally want to know the history of a company before they start supporting it, and people from the company; employees, owners, etc., would have to have some information on hand.

    Interesting post!

  5. Susan Oakes Says:

    Hi Catarina,

    Authenticity if you think about it has always been important. It just today if you aren't you are more likely to be exposed. At the heart of it is like personal relationships, be honest and open and you have nothing to fear. It comes back to common sense.

    I do wonder though is those who like storytelling the way she said in the video is primarily other entrepreneurs. Storytelling is one thing, however I am not sure it applies across the board. For example I and yes it is a sample of one don't care about the story of the guy who cuts our lawn. As long as he does it properly that is all that matters.

    At the moment it is a great time for those with writing skills as many of us in business haven't learned how versus those from a journalist background. The same goes for others in the communication field and this will probably continue because unless the Internet suddenly dies, as much of the communication is no longer face to face.

  6. becc03 Says:

    I think it is important to be able to write and spell in all aspects of life. More importantly in business where you are judged by what you are putting out there.
    I agree whole heartedly with being authentic. Like in life, if I feel that you are just trying to sell me or you are full of "it" then I will walk away.

    My recent post Would you dare?

  7. JeriWB Says:

    With social media, a non-linear aspect has been introduced into storytelling, which in turn makes it harder than ever to engage potential customers. The play between text and images is more crucial than ever. Writing matters so much, and good writing is really indicative of good thinking. To effectively tell a story means the writer/entrepreneur has the ability to create a world people want to be a part of. Too often that's not the case. It always floors me that so few writing classes are required these days.
    My recent post Author Interview: C. L. Cappetta

  8. Geek Girl Says:

    I agree with what was said in the video. You cannot tell little white lies and you have to communicate your story. Everyone hates to fail, but in reality everyone does at one time or another and people want to know that. Being truthful actually helps rather than hinders you. Today's social media requires the truth.
    My recent post Motivational Monday: 2/10

  9. catarinaalexon Says:

    To some extent. But now you have to either be able to write like a journalist or hire someone who can write you up online. Writing broshures that reach a few people is one thing. Online writing that in theory can be read by the whole world is another.

  10. catarinaalexon Says:

    True Susan. But in the past companies could get away with white lies, and did. The way I interpret online storyttelling is everything from your profiles on social media to blogs, websites and so forth. Apple and Steve Jobs are great examples of how customers buy a story. You hence have to tell the same authentic story everywhere in ways that makes people want to know more. Agree with you that it doesn't apply to the guy who cuts your lawn. Yes writing skills is important at the moment. But don't forget that the majority of people believe they can write:-)

  11. catarinaalexon Says:

    True Becc. But what you write online can be read by the entire population of the world. And search engines record everything and forget nothing. That's worse than a mistake in a, say, broshure.:-)

  12. catarinaalexon Says:

    Amen, Jeri.

  13. catarinaalexon Says:

    Glad you agree, Cheryl.

  14. Leora Says:

    I love the idea of storytelling to communicate the tale of a business (as long as it isn't a tall tale!). Unlike Susan, I will hire a guy to cut our lawn if he tells a better story. In fact, our handyman has a PhD in sociology (he hated academia), and he tells many stories well. That certainly works for me.
    My recent post Subscribe by Email or by RSS Reader?

  15. Jon Jefferson Says:

    It is so important for companies to maintain a level of transparency now. This comes in all levels of communication. Gone are the days when a company can hide in the shadows holding their cards behind rhetoric.
    My recent post Questions of Note: Cori Paige

  16. catarinaalexon Says:

    Glad we agree about the importance of storytelling online Leora. Great to hear you have a handyman with a PhD. You know Leora with the inflation we have when it comes to education in the future that may be a demand.

  17. catarinaalexon Says:

    Yes Jon, authenticity is fundamental nowadays. If not you are bound to get caught. Just a question of how long it takes.

  18. GuyW Says:

    I'm not sure that it's just social media that has made story-telling so essential for business. In fact, I remember the best sales people from my early work days well over 30 years ago were always those that could tell a story – truthful – around whatever they were selling. Social media has simply widened the audience that you can reach with your stories and so made it more apparent when you miss the point and/or change your story…

    Story-telling is the way we communicate best, and arguably the way in which we have successfully communicated for the longest – it predates writing, after all.

  19. findingourwaynow Says:

    Being a good story teller does not mean that one fabricates something to draw attention. It will lead to a total lack of credibility with all who they come into contact. It can and will destroy a career or business. However, having the skill to tell a good and true story is an invaluable skill. :-)
    My recent post Two Chocolate Wines – Red Decadence & Chocolate Red Wine: Wines

  20. catarinaalexon Says:

    True Guy, but in the past you could "get away with murder" when it came to storytelling – and some companies did:-). Now however, you broadcast your stories to the whole world and the smallest white lie can be found and – also – broadcast to the whole world. And to top it up, search engines record everything and forget nothing.

    Now everyting, even your social media profile, has to tell a story that your target groups like and want to found out more about.

  21. catarinaalexon Says:

    Glad you agree with me Susan.

  22. Morgan@EatRightNews Says:

    Storytelling is very different than classic journalism or writing a press release, I took a creative writing/ storytelling class last semester and the format is very different! Authenticity and the ability to write a creative story that people can trust to be true is essential for succeeding in the business world and I think that it is very interesting that you pointed that out.
    My recent post Unusual Food and Wine Pairings

  23. @patweber Says:

    Authenticity is crucial given this day and time where so many of us get duped. Think most recently: Lance Armstrong. I had to listen twice since more of this was related to authenticity when I listened – not so much story telling. But then I got it, best stories are in a narrative form of some kind. It is the same with public speaking as it is with writing.
    My recent post Does the Word “Doctor” Make You Uncomfortable? How to Avoid Walking in “Cold” by guest blogger Lily Meers 

  24. Thomas Phelan Says:

    To me it is obvious that you need an enormous amount of money to invest in TV and other media forums e.g. newspapers, magazines, radio etc. to push your product and this fact probably eliminates 99% of entrepreneurs.

    Who can afford to run ads at you local movies theater like Coca Cola where its product is already sold? Pepsi, another zillion dollar conglomerate.

    I agree the internet and social social media is changing everything. My wife and I own a 108-acre vineyard development in Argentina where we sell boutique 5-acre vineyards. To date we have sold nine vineyards, one from a face to face at a Conference, the other eight via the internet and
    five of those seven have never come to see their vineyard.

    I think my point is that your communications with a prospect must also be colorful and authentic.

  25. catarinaalexon Says:

    Morgan, Pattie Smith is a journalist and what she is talking about is journalistic storytelling. If you get too creative you will end up writing fiction. And that is the beginning of the end of you and your company. So be careful:-)

  26. catarinaalexon Says:

    Glad we agree Pat.

  27. catarinaalexon Says:

    Yes Thomas, your communication with a prospect also has to be interesting and authentic.

  28. @KeepUpWeb Says:

    Catarina, I agree with you that storytelling and good writing is an essential component of building an online presence. Your suggestion to outsource our writing should definitely be considered an investment in our business. Not everyone can write well. It's a skill. (Publishing content with spelling and grammatical errors is the biggest offense to me.) Being on a limited budget shouldn't prevent someone from enlisting help if they need it. Small business owners who need help can consider hiring a student as an intern. That could be a win-win for both parties.
    My recent post Less Obvious Landing Page Conversion Killers

  29. akandrewwriter Says:

    Social media really has changed the game, and it must be hard if you do not have the writing skill, and are unable to hire someone. I think authenticity is almost more important than the ability to tell your story. As you say, not only can people find out, but it shows through in your presentation, however proficient you are. Finding the right media is essential. Some people are great in print, but would be quivering wallflowers in video. Interesting point Catarina. Thanks for the post.
    My recent post Toni Morrison on Hope in Beloved: Musemedium

  30. catarinaalexon Says:

    Not surprised we agree Sherryl.

  31. catarinaalexon Says:

    Glad we agree A.K.

  32. Kelly Wade Says:

    I very much agree that social media has changed the game in many ways for companies- including making it essential for them to engage customers and clients in a way that they cause them to take an invested interest in the business. It makes sense that the back story of any company would be compelling to prospective customers, but I don't think its as important as the communication between them is.
    My recent post 3 Most Important Aspects to Healthy Living

  33. catarinaalexon Says:

    Glad we agree Kelly. Started out as a journalist and hence understand what Pattie is saying. Even profiles on social media has to tell a story. A dull profile makes the visitor stop reading. Everything you put on social media has to be written in a compelling, and authentic, way. If not you are losing customers.

  34. catarinaalexon Says:

    Just make sure you are authentic Tim. Especially online. Any white lie or too positive account will be found out.

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