How To Succeed In Business By Being Really Smart.

When you are starting your own business, or even re-branding an existing one, there are a number of things you need to do. And these break into two distinct areas.

  1.  Things that you can do yourself, and
  2.  Things that you might need help with.

So your very first order of business is to sort out which goes where.

For example, when I decided to re-brand my own business a few years ago and move from being exclusively a freelance creative supplier to being able to attract and manage communications for small to medium sized businesses, I went through this process. While I could handle most of the strategic focus and creative side of the branding and communications myself, I found that I did need a very reliable and creative web developer, because the last thing I wanted to do was build my own web site. I also needed a high end graphic design person who could create original digital artwork that would enhance what I was thinking. And as things have grown I have developed relationships with people in the area of, business planning, marketing strategy development, public and media relations, media buying and negotiating, photography and illustration, web and social media marketing. These people:

a)    Broaden my reach in terms of the size of businesses I can approach,
b)    Make me look as big as I need to look when I need to look big, and
c)    Make my life easier.

Do-It-Yourself Branding Is Almost Always A Recipe For Failure

A lot of people who start small businesses tend to do so on the basis of a connection they have developed, a product they have created or have gotten the license to represent or a marketable skill set they possess.

They may be very sure of themselves when it comes to sitting down with an interested prospect who is ready to buy, but may very well need a lot of help in really defining their company, creating the right communications strategy, developing the branded image and effectively targeting their marketing so that they can attract those interested prospects in the first place.

One of the key reasons that the majority of business start-ups fail has very little to do with the quality of their offering, their skills or even their salesmanship.

It mainly has to do with the simple fact that they started their business without allowing for professional help to do the things that they are not good at. What this means is that they end up positioning themselves inaccurately or amateurishly which leads to any or all of the following situations:

  1. They either miss their target audience, or
  2. They connect with they target audience, but send them the wrong message which, in turn confuses them,
  3. Their target audience, who will judge them by the quality of the corporate identity they have created, will see them as amateurish and not ever develop the confidence they need to do business with them.

19163463 copy 3 Creating & Building Your Business Means Doing It Right…From The Start

The majority of people who start small businesses tend to completely underestimate both the need for and the cost of creating a communication strategy and a corporate identity that identifies and puts forth the true USP (Unique Selling Proposition) of their company.

There are a number of reasons why this can happen. Money is the most prominent. But there is also the outmoded notion: “If you build it, they will come.” While this notion speaks to the confidence that the business owner has in his product or service, this becomes a very difficult row to hoe in today’s ultra competitive billion web site business universe.

Smart Communications Development  Means Finding Economies Of Scale

Most small businesses can’t afford a full service advertising agency to create an earthshaking campaign that will make them a household name overnight. What’s more realistic is finding a strategically oriented creative person who can see their USP, and build a professional corporate identity around it.

The economies of scale kick in because a multifaceted individual who can create communications strategies, write and art direct the materials needed to get a business off to a professional looking start, will cost a good deal less than three individuals doing each of those functions in tandem.  The difference will be not noticed creatively, but will be obvious from a cost perspective. This person will also have access to the other services you need (web site design, printing etc), but will not broker these services, so you will not have to pay markups on them.

All in all, it’s a very smart way to go about establishing your corporate identity, or re-branding your company in a way that will effectively reach and talk to the people you need to talk to in order to make your business grow. It will also give you more time to do what you’re good at and because you will be spending less time trying to figure out how to do the things you’re not good at.

If anything you have read here has struck a chord, then perhaps we should have a no-obligation conversation about your business, where you would like it to be going and the most efficient and effective ways to get there.

O&U Signature Jim Murray, Creative Director
Direct Line: 416 463-3475
Email: jim@onandup.ca
Web Site: www.onandup.ca

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s