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business technology review2 hours ago
Successful entrepreneurs understand that it is the man (or woman) behind a business that matters. People don’t connect to, engage with, or promote businesses; they believe in people. It is your personal characteristics, unique experiences, values and ways of doing things that will make your business appealing to others. Big corporations spend a fortune trying to &‘humanise’ their brands because they understand this too.
If you build your business based on your personal brand, then you’re far ahead of the game. And there are countless reasons you should.
Business Fit
Developing your personal brand starts with self-awareness. A brand isn’t just a persona you choose or a catchy logo — your personal brand is you. It is the unique constellation of your talents and strengths, quirks and traits, values and experiences. Your personal brand is who you are, how people perceive you, and what you offer to the world. When you work at really understanding yourself, you’ll understand what type of business you’ll be best suited to run. You’ll understand how to leverage your strengths for the best outcomes and you’ll understand what type of business isn’t a good fit for you, too.
No matter how great your business idea is, its success &depends upon how well-suited you are to run that type of business and how well it fits in with your greatest talents and &beliefs. If you start a business based on need alone — like a desire for more money — or if you start a business because of a certain passion you have — without understanding what the business really requires and whether you have the necessary skills to handle the day-to-day realities of that business — then it is unlikely that the business will be truly successful or that you will be living the dream you dream of.
Unique Value Proposition
In order for your business to be successful, you’ll need a strong unique value proposition (UVP). This is what differentiates your business from your competitors and determines why your customers choose your product or services. It’s not just the functional attributes of your offering that gain you loyal customers, it’s the emotional and human components of your personal brand that infuse your business’s UVP.
People choose to do business with you because your business represents something that they connect to and identify with, something they want or need. They choose your business because of what you stand for. Customers, suppliers and investors invest in people more than they invest in an idea or any particular product or service.
Marketing Strategy
The most effective marketing strategy for your business is one that aligns with your personal brand. You are the heart and voice of your business. When you build your personal brand, you build the credibility and expertise of your business. As you become better known for what you do, you naturally build the value proposition of your business because your business UVP is drawn from your personal UVP. The marketing tools and channels that suit your personal brand make up the marketing strategy that will be most impactful for your business.
Entrepreneurship
Your personal brand isn’t limited to your business. It is much more than that because it is you and all of your potential. Within your personal brand lies the passions and seeds for your future. You may go on to develop more businesses, and different ones at that, and your life may go in different directions as a result. Personal branding is an evolutionary process, not a one-time deal — and this is the foundation of true entrepreneurship. If you don’t develop your personal brand; then your business defines who you are instead of the other way around.
Where are the Leaders? A 2010 Forbes report noted that fewer than 10 per cent of leaders exhibit strategic skills, a “woefully inadequate number considering the demands on organisations everywhere today”. |
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