High Growth Business Archives

Many of our clients call us after they’ve got a working product or once they embark on a sales effort in earnest. They see branding as an expensive and time-consuming exercise that they’d rather postpone.

In almost every case, we wish they’d reached out sooner.

Branding is not a one-time exercise; your brand is a muscle that you strengthen over time. Most high-growth tech companies go through several brand iterations over their life cycle. Knowing that, we believe it’s never too early to invest in your brand.

In fact, when you invest in branding early in the life of your company, you’ll tap the benefits of a strong brand—market recognition, customer loyalty, and sales growth—even earlier.

Raise Your Next Round of Funding

When you fundraise, especially for an early-stage company, you need a compelling story. It’s more important than your logo and a critical part of your PR. Seriously, how can you ask for millions of dollars when you can’t explain it effectively? This is why when we create a brand, we often include a narrative that an organization can rally around internally and use as the basis of its pitch.

Unite Leadership and Employees

A brand development project has an added benefit of internal consensus building. When clients tell us they want a brand strategy, we often discover that executives’ goals are not consistent. Again, it’s a part of the process. Some people will have to give up their sacred cows; others will finally be able to share a revolutionary idea. In the end, teams gain alignment.

Get the Attention of Gartner

What could be better than a mention in Gartner’s Magic Quadrant? Many of the high-growth tech companies we meet are disrupting existing categories or even building new ones. When you show a new and better way of doing things, a strong brand makes you credible and attracts analysts’ attention.

Plus, when you launch or relaunch with a killer brand in a new category, you give newcomers a standard to emulate and make it easier for these competitors to enter.

Learn More About Your Market

In addition to internal interviews, we reach out to your prospects and, if appropriate, customers. We hear their thoughts about the market and also pressure-test your initial brand positioning and messaging. This forces you, via our work, to “get out of the building” and test your hypotheses right away.

Honest feedback is priceless. Because we are not the ones building the product, external stakeholders feel more comfortable about sharing their positive and negative reactions. And, by testing your brand with the market pre-launch, you gain reassurance that your messaging will stick.

Better Return on Your Marketing Dollars

Speaking of marketing, that function is rarely an early investment at startups. But, eventually, you’re going to focus on this effort. How great would it be if your first marketing hire received a one-pager with your brand architecture when they arrived at the company?

Brand positioning and messaging are also the foundation on which you build your brand’s look and feel—everything from your logo to your website. When your website doesn’t reflect your brand, your market will have little impact or longevity.

A strong brand will boost the effectiveness of your public relations. Every time a company communicates publicly before they’ve developed their brand, they end up continually recreating their story. Build the brand first and you’ll have a better ability to sustain a consistent message in the market.

Helps You Attract Talent

It’s a sellers’ market for talent; great employees can pick where they want to go. A strong brand raises your profile and intrigues your prospects. And your recruiters will thank you for making their job easier.

Is it ever too early to focus on your brand? Should you wait until you have a product? Perhaps, but we’ve had clients that, in the process of brand development, actually realize they need to adjust their focus and pivot to a slightly different product or service. The process of creating their brand makes their company stronger. If you think you’re too small to have a brand strategy, it’s time to reconsider.

Emotive Brand is a brand strategy and design agency in Oakland, California.

What Got You Here

Sometimes it’s hard to recognize that it’s time for a brand refresh. Why embark on a brand refresh if your business is successfully growing? Many high-growth companies grow organically, without any strategic direction. Things takeoff. Your team expands. New offices open. Your product line multiplies. And growth mode may happen without making plans for how the brand will accommodate and flex as the business develops.

At these times, decisions are often made that help an internal team manage change. In many cases, this means that some of the key brand components end up holding greater meaning for those inside of the company, but lack meaning for other key audiences – prospects, customers, and recruits – who also matter to the brand’s success.

The warning signs of a solely internal-facing brand are plenty: internal names for your product, add-on brands, or a website that has been pieced together, mirroring the evolution of the company. These common indicators show that important audiences have been forgotten. If this sounds familiar, your brand needs to start looking outside itself.

Forgetting Who’s Outside

The problem with an internal-facing brand is that the brand isn’t always clear or powerful to outsiders. The purpose of an impactful brand is to connect meaningfully with all the people who matter to your business – inside and out. So if a brand makes sense to your team, but isn’t as easily understood by external audiences, your brand loses impact, and as a result, business eventually stagnates.

Sometimes all the effort that went into scaling your business becomes your brand strategy – making it very hard for outsiders to understand who you are, what you do, and why you matter. And when the people crucial to your business’s success don’t understand your brand, your business can easily fall behind the competition, risk becoming irrelevant and may even lack the future support needed to move your brand and business forward.

Time for a Brand Refresh

Consider these aspects of your strategy to refresh your brand and position your business for continued future growth.

1. Brand Architecture

For many high-growth companies, add-on brands have rendered your architecture irrelevant. Do you have one brand or many brands? A branded house? Or a house of brands? How do all of your products fit into the structure of your brand? Evaluate how all the different products, business units, and pieces of your brand fit together. Don’t let organic growth lead the way. Develop your brand architecture to help people understand your business, products, and services. Enable that architecture to work for today and accommodate for tomorrow.

2. Category Reframing

Your brand needs to fit into the framework of a brand category that people understand and relate to in order to really ‘get’ your brand. Companies that have experienced organic growth oftentimes outgrow their original category without realizing it. As such, many high-growth company will start in one category and need to shift into another over time. This shift might be necessitated by the advancement of products, the market, and/or new category. Choosing the right category or defining a new one is critical to positioning your brand in a way that frames your value and makes it relevant to your customers. We like to think of category development as a process that helps clarify and shape the perceptions, feelings, and attitudes about your brand. Think about articulating the right metaphor that will make it easy for people to find meaning in your brand.

3. Positioning

Knowing how you want your brand represented, enforced, and reinforced is part of developing your positioning. A strong and meaningful positioning can enhance what your brand does, how it differs from your competitors, and why it’s better than any alternative in the market. Ensuring you have the right positioning strategy is critical to building your business.

4. Target Audience

Who is important to your brand? Who do you sell to? Who are your most important brand champions? Who are the key influencers? These are all important questions to answer during a brand refresh. For high-growth companies, the people who were important to your brand when you started have probably evolved. So take a critical eye and focus on understanding precisely who your target audience is, why you matter to them, what are they looking to solve, and how can you create messaging to speaks to their needs and desires.

5. Your Why

It’s critical to make sure you lead with ‘why’ during a brand refresh. Most likely the success of your business and its growth is the result of your purpose, or reason for being. Formalizing your purpose into a brand promise will help your growing team get aligned internally around why you matter. Everyone can get on board the same boat and row towards the same higher purpose. And when you align everyone internally and drive them towards that purpose, the people on the outside will feel your why as well. A brand is a way of bringing your purpose to life, so focus on it and how you can make people believe in your brand.

6. The Competition

In order to differentiate yourself and offer unique value to your audiences, you have to know your competition – inside and out. Who you were competing with when you started businesses has most likely entirely shifted, especially in the fast-paced business world we work in today. Map your current brand against the competition and shift accordingly.

7. Corporate Narrative

Investing in developing a corporate narrative helps everyone understand who you are, what you do, why you matter, and what the future holds for your business. If everyone internally has insight into this, it helps the external storytelling become clear and consistent. Your corporate narrative should help tell the story of your brand in an honest, meaningful, and emotive way.

8. Creative Assets

Oftentimes, making your brand more clear, powerful, and meaningful to key audiences means refreshing your visual identity (and from there, your website). Ensure your identity represents who you are and why you matter. When looking to revamp your website, hire experts. Make sure your navigation clearly reflects your brand strategy and make sure your value proposition is clear and understandable to website visitors. There are many decisions to be made when redesigning a website, so use your newly refreshed brand strategy to guide these decisions. A strategically lead redesign is key to having a well-designed user experience.

A Brand Refresh = More Meaningful, Competitive, Successful Business

Taking the time to invest in your brand will bring tangible positive results to your bottom line.

In order to hold greater meaning in the hearts and minds of the people who are most important to your business, strongly position your brand and focus on meaningfully articulating your value.

By getting everyone around the table internally, with sales and marketing brought together, your sales cycle quickens, your business becomes better positioned for success, your recruitment efforts prove more successful, and your brand helps fuel a competitive and thriving business.

Refresh your brand and bring its purpose to life for both inward- and outward-facing audiences in order to stay ahead and continue to grow. Your business depends on it.

Emotive Brand is a San Francisco brand strategy agency.

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Tag: High Growth Business

Investing in Brand: It’s Never Too Early