Archive for February, 2011

Branding (Part 1 of 3)

Friday, February 4th, 2011

By Adam Mefford

(this would be the first of three installments on the function of branding, brand design, and execution)

The term ‘brand’ is often misused in my view. As an entrepreneur and designer, I’d like to share that a brand is not the visual impressions of a company.

A brand reflects the clarity of the intent of the organization in total. When someone really understands something, they are able to share it succinctly, without a lot of pretense. This is the nucleus of strong branding.

Think of the difference between Japanese cuisine and Chinese cuisine – one relies on the purity of the ingredients, the other adds colors and sauces.

If your goal is to enjoy the benefits of a clear voice for your company, get your base ingredients in order before you begin to cook, so to speak. Understand your mission, your audience and the level of play relative to your competitors, and then prioritize your message around the change you intend to bring to the market.

A well-designed brand serves the intent of the business by translating these few key messages across the range of impressions made as the business functions. But without connecting these key messages to the strategy and intent of the business, the best design in the world won’t be able to build positive inertia in the minds of your audience.

Don’t rely on design to make-pretty an unintelligible strategy. Get your goals down and next month I’ll share how to get what you pay for in the area of brand design for young companies.

Adam Mefford is an alumni of Art Center College, where he founded MINT, a community focused on creative entrepreneurship.

E-mail him at Adam Mefford

Space Matters to Succeed in Business

Tuesday, February 1st, 2011

By Ben Gary

Starting and growing a business is an ambitious endeavor which requires a large amount of business acumen to pull off. There are many pitfalls that even the savviest entrepreneur may fall into without carefully charting the waters before setting sail. According to the Small Business Administration Office of Advocacy seventy percent of new businesses fail within the first ten years.

The problem of course is that these days are rarely stable. A company now must be nimble and flexible, which is directly at odds with the long term lease commitment, especially for the newer company. And since landlords are in the business of real estate, with few exceptions they almost always hold the advantage in lease negotiations. Here’s how to be successful.

While the reasons for this high failure rate are varied, the wrong answer to the question of “where do we locate or conduct our business?” is a common mistake many entrepreneurs make when starting and operating a business. The fact that so many things need to be considered in choosing a location combined with so many choices makes the mistake all the more common. Fortunately, a competent real estate advisor can help businesses create and execute a sound real estate strategy capable of creating competitive advantage that will contribute to business success.

Effective management of operating capital is crucial to any successful business and occupancy cost is typically one of the largest operating expenses businesses incur. In many cases, businesses are operating very inefficiently from an occupancy standpoint. Cornell University’s International Workplace Studies Program conducted a study in 2003 to show that the average vacancy rate for commercial office space from 8 am to 5 pm is between 50% and 70%. That is a lot of money being spent for dedicated work space that is not being occupied by company employees.

Give your business a better probability of success by recognizing the fact that space matters and turn a potential pitfall into one of your businesses biggest assets!

Ben Gary is an office services broker for CB Richard Ellis, the world’s largest commercial real estate firm. CB Richard Ellis currently represents 85 of the Fortune 100 companies.

E-mail him at Ben Gary