THE MOST Important Thing in Business

Today I want to talk about a common mistake most of us entrepreneurs tend to do. When being asked about our work, most of us start talking about ‘what’ it is that we do . While describing what you do makes total sense in answering the question, in reality, it will not make much of an impact .

A much more powerful approach in describing your business is to talk about why you do what you do, why you want to become an entrepreneur, why you have decided to offer a particular product or service, etc.

The reason that makes the ‘why’ so much more impactful than the ‘what’ lies in our human nature. At our essence, we draw motivation by knowing why we do things . The ‘why’ is our purpose and people need a purpose to do great things. Just as entrepreneurs need to know their ‘why’ in order to be able to motivate themselves to work hard, but also make an impression and sell it to others .

Selling is all about relationship building . If you are able to convince others that what you do has a great purpose, then people are much more likely to buy. Nowadays, having a great product is not enough any more as consumers favour those companies that communicate their ‘whys’ effectively .

I always encourage my mentees to practice their ‘why statement’ and build that into a story so that they can share it with the rest of the world too. My own ‘why’ is based on my personal passion to help budding entrepreneurs as I explain in this video .

What is your why?