⚡ Get All Content for 20% Off ⚡

How to Tell Your Business Story in 60 Seconds or Less The critical questions you need to answer to help your company capture attention and make sales.

By Carmine Gallo

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

I recently spoke at LeWeb, a large technology conference in Paris that's filled with entrepreneurs pitching to venture capital investors who are looking for the next big thing. In such situations where many people are vying for attention, the entrepreneurs who stand out are the ones who deliver their pitch in less than a minute, but still make their points quite persuasively.

Unfortunately, many small-business owners don't think enough about their company's story and how it comes across. I can say that with confidence because I've witnessed many ineffective pitches at conferences and chamber of commerce mixers. At the last chamber mixer I attended, I asked one person what he did. His response started with, "That's a good question..." Five minutes later, he was still trying to describe his new company, and I was trying to find a polite way out of the conversation.

Related: How to Make a Personal Connection with Customers

As a communications coach, I've developed a four-step exercise that will work for any company or product. You must simply answer each of the following four questions in no more than two sentences:

1. What do you do?
2. What problem do you solve?
3. How is your product or service different?
4. Why should I care?

By keeping each answer brief, you will develop a succinct story that should take no more than 60 seconds.

Let's use the example of an entrepreneur who is starting a housekeeping franchise. Based on those four questions, the company's story might sound something like this:

"We own Five Star Cleaning, an eco-friendly housekeeping service that pampers you and your home [what your business does]. Typical cleaning services make you prep your home ahead of time, supervise to prevent theft and hang around for hours while the cleaners do their work. Because we require no prep, this saves time right off the top, and we are bonded so our service is worry-free, allowing you to go about your day [what problem does it solve]. And, we always send a minimum team of three to get the job done quickly [how it's different]. Imagine coming home from a long day and your laundry is all done, your bed has been turned down and there are fresh flowers awaiting you. That's the extra pampering we offer that sets us apart from all the rest [why you should care].

Related: Five Strategies for a Winning Sales Presentation

Your first sentence should be a "Twitter-friendly headline." You should be able to describe your product or service in 140 characters or less, short enough for a tweet. In the example, Five Star Cleaning bills itself as an "eco-friendly housekeeping service that pampers you and your home." But many small-business owners don't create product descriptions that are short, catchy, distinctive and memorable. The Twitter exercise will help. If you can't describe your product in a sentence, go back to the drawing board.

If you can tell your story in well under 60 seconds and have some extra time, be ready to relate an example or story that makes your product or service more tangible. You'll notice that in the cleaning service pitch, we offered examples of pampering, such as turning down bed sheets.

Don't let your idea die because you've lost the attention of your audience. Grab your listeners in the first 60 seconds and they'll want to hear more.

Related: Five Signs You're Losing a Sale -- And How to Save It

Carmine Gallo

Keynote Speaker, Bestselling Author, Communication Coach

Carmine Gallo is a popular keynote speaker and internationally bestselling author. His new book, The Storyteller’s Secret: From TED Speaker to Business Legends, Why Some Ideas Catch On And Others Don’t, features famous TED speakers, business legends and successful entrepreneurs who reveal why some ideas catch on and others don’t. Gallo is also the author of The Wall Street Journal bestsellers Talk Like TED and The Presentation Secrets of Steve Jobs. For more information or to sign up for Gallo’s newsletter, visit CarmineGallo.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo

CFO Richard Galanti reveals that the price will stay the same — but only "for a while."

Business News

The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups

A new report shows that vending machines are a popular investment — and the industry is set to grow up to $3 billion by 2031.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.