SME Magazine SPRING 2017 | Page 27

THE BIG QUESTION #6 What is your Purpose? By isolating the most powerful customer motivation, and combining it with your most potent competitive difference, you’ll be able amongst you, you might find it easier to flip at through this or a similar process; these we’re able to satisfy our customers’ greatest ‘It’s Good to Talk’ for BT, ‘The Ultimate the sentence: ‘By doing what we do best, motivation.’ Up to you. In the interests of clarity and simplicity, you will want to condense this sentence down to two words include ‘The Power of Dreams’ for Honda, Driving Machine’ for BMW and ‘Make a House a Home’ for Homebase. Note the fact that each one of them has a or a very short phrase. This will help with meaningful internal application as well as a It’s then ready to be turned into a sexy made, so it behoves the business to deliver portability and memorability. motivating external one. ‘Promises’ are being to create a proposition in a single sentence slogan that powerfully captures the essence you know you’re best placed to deliver. external audiences. Really good slogans exercise is not necessarily to end up with a as a ready-to-hand guide for how your valuable outputs from the process. which a) you know customers want, and b) To get there, try completing this sentence: ‘In the lives of our customers the role for our business is to… (satisfy their motivation by doing the thing we do best.’) For the rebels of your business for both internal and become corporate elevator pitches as well organisation goes about its business. Many famous tag-lines have been arrived against them. Whilst the object of the brand definition slogan, they can become useful and highly At very least they remind everyone in the business what it stands for on a daily basis. So, by way of conclusion, why bother with branding? Well-defined and well-articulated brands are more focused, have stronger cultures, understand their customers better, are more competitive and, with good application, become more profitable. In short, if you’re an aspiring small or medium business with customers who need understanding, competitors who need beating off and staff who need nurturing, you really ON THE RIGHT TRACK Winning In Your Own Way by Robert Bean is a practical guide to strategic brand development, based on the experiences of a leading advertising and brand development practitioner. www.smeweb.com should be bothering to invest in what could well become your most valuable asset: your brand. 2017 SME 27