This review was first published in the Dec. 3 edition of The Hamilton Spectator.
The launch of Hamilton’s Innovation Factory tops my shortlist of local good news stories from 2010.
The Innovation Factory will do more than help entrepreneurs bring new ideas to the marketplace. It will also give Hamilton another great story to tell to aspiring entrepreneurs here at home, coast to coast and around the world.
The National Bureau of Economic Research in the U.S. put out a working paper last year showing that young companies, and especially start-ups, create the most jobs. So if we want more paycheques and prosperity for all Hamiltonians, we need more entrepreneurs to set up shop in Steeltown. And the Innovation Factory gives us a pretty cool story to tell aspiring entrepreneurs who are looking for a helping hand.
If you want to launch and grow your business, choose Hamilton, the start-up capital of Canada.
A great story is at the heart of all successful marketing, says bestselling author and marketing guru Seth Godin. “Marketing is about spreading ideas, and spreading ideas is the single most important output of our civilization.”
When you tell us a great story, we’re far more likely to pay attention, believe what you’re telling us and retell your story with friends and family. “Either you’re going to tell stories that spread, or you will become irrelevant,” says Godin.
We’re hardwired for storytelling. Stories make it easier for us to live in a complicated world where we’re too overwhelmed with data to drill down into all of the details.
“We tell ourselves stories that can’t possibly be true, but believing those stories allows us to function. We know we’re not telling ourselves the whole truth, but it works, so we embrace it.”
We don’t buy facts. We buy the story. “The facts are irrelevant. In the short run, it doesn’t matter one bit whether something is actually better or faster or more efficient. What matters is what the consumer believes. It’s the story, not the good or service you actually sell, that pleases the consumer.”
According to Godin, great stories succeed because they capture the imagination of large or important audiences. All great stories are true because they’re consistent and authentic.
“Storytelling works when the story actually makes the product or service better,” says Godin.
Great stories make a bold and audacious promise and inspire trust. Great stories are subtle, allowing us to draw our own conclusions. Great stories happen fast and engage us immediately. Great stories don’t appeal to logic and they’re rarely aimed at everyone.
“If you need to water down your story to appeal to everyone, it will appeal to no one,” warns Godin.
Great stories don’t contradict themselves and they agree with our personal worldview. Our worldview is built on our beliefs and biases and it’s the lens we use to look at every decision we’re asked to make.
The best stories don’t teach or tell us anything new, says Godin. The best stories agree with what we already believe and remind us how smart and right we are. None of us like to change our minds or admit that we’re wrong. “Don’t try to change someone’s worldview is the strategy smart marketers follow,” says Godin. “You don’t have enough time and you don’t have enough money. Instead, identify a population with a certain worldview, frame your story in terms of that worldview and you win.”
Godin says the best stories promise to fulfill the wishes of our worldview by offering a shortcut, a miracle, money, social success, safety, ego, fun, pleasure or belonging.
“The organizations that succeed realize that offering a remarkable product with a great story is more important and more profitable than doing what everyone else is doing just a bit better. Make up great stories. That is new motto. “If what you’re doing matters, really matters, then I hope you’ll take the time to tell a story. A story that resonates and a story that can become true.”
We’ve got a great story to tell here in Hamilton when it comes to helping entrepreneurs succeed. Here’s hoping we spend 2011 telling that story far and wide and close to home.