In this Growth Engine episode, I need to get you thinking about your strapline, your logo strapline or your brand strapline.
We're all proud of the brands that we own, the brands that we represent and promote.
However, how often do we think about whether our strapline is connecting with our ideal customer?
This is a business sort of consideration, more than just marketing.
Naturally, it goes into marketing, but I want you to think about it.
Here's a couple of examples of what I'm talking about.
If you talk about Nike, "Just do it," and whether that's sport or whatever.
McDonald's, they have both an audible and a visible brand, which is, "I'm loving it," and it's a reference to their product.
Back to Nike If you're an athlete, you want to go out there, then awesome "Just do it." Whether you're running, swimming, playing field sports, solo sports, competition, doesn't really matter.
And Mcdonalds "I'm loving it." Whether you're loving McDonald's food or not, whether it's bad for you, all that is irrelevant, but they're trying to connect their audience with the product.
So if you want to eat, the convenience of McDonald's is there.
If you want to go and do sports, that the convenience of buying Nike products, such as, "I'm just going to go out and do it.
I'm going to go and join the gym
I'm going to go back to swimming
I'm going to go horse riding
I'm going to go into some type of boot camp
Just do it." It's a great, great way of thinking about it.
For years, here at the SuccessHub, our strapline was, "Objectives achieved,"
We changed that in 2018.
That was more around me doing growth models, board turnarounds.
If you think about it, people used to come to me and say,
"Mike, I want to grow my business. Mike, I want to do a business turnaround. We're in the mire,"
What was the end goal?
It wasn't the turnaround. It wasn't the growth. It was the fact that the people would at least cross the finishing line of the goal that they've set.
If you look at the blog, Continuous Loop to Success, there is never a finish line.
It's just like a track that goes round and round and round.
But ultimately, what I'm trying to get to here is, if you set a goal to turn around and not go bust, you set a goal to grow to 20% in the next 12 months or 18 months, that's what it was and it was objectives achieved.
As our business sort of diversified more, we've got the agency, we've got the venture side, we've got the executive side, "Objectives Achieved," became too narrow for us.
Now we go with "Growth Engine." A much more relevant strapline to our wider based services.
Our approach is, If you want to grow, whether that's in the executive boardroom, you're raising capital, you need to take out the existing motor that's driving your vehicle and supercharge it with a new one.
That's not the people, the CEO or anything like that, or the entrepreneur.
However, you need to upgrade the strategy that you're doing. You need to upgrade the power unit in your business if you're serious about growth.
The success of Growth Engine and we've created a whole range of products around that.
Growth Engine Agency
Growth Engine Executive
Growth Engine Ventures
So it doesn't matter what you want to do, there's a specific Growth Engine that's going to help you achieve those same objectives.
So we've actually gone from the end results into the power unit that's going to drive you because if you want to raise capital, you're going to need a different growth engine than if you just want to do marketing services.
I want you to give some thought to straplines, whatever your brand is, and then, what's the strap underneath?
A great one is, although I'm not sure if they still use this, Toyota, they used to use
“Today, Tomorrow, Toyota."
So it doesn't matter where you are in your life, you're here today, in the future, you always got a Toyota on hand, reliable, trusted, things like that.
So the car companies are a great way ... If you need inspiration head over and look at some of the other car adverts, look on their websites.
I think Honda have, "Power of Dreams,"
SEAT “Motion, that drives Emotion."
Emotive sort of statements. The car companies do it really, really, really well to get you to buy that car.
The SuccessHub team are on hand to help you every step of the way.
Leave us a comment on the blog below or use our preferred communication channel of Twitter to ask us a question using the hashtags #GrowthEngine.
We’d love to hear what stage you are at, what's on your mind, your plans, dreams and ambitions, or just what is holding you back? We promise to answer every message personally, no automated bots, we review every single message and either myself or the team will get your questions answered.
Visit the ResourceHub to access a wide range of audio, video, interactive and downloadable resources to help you on your journey.
We would welcome you as a subscriber to our TheOpenMike podcast on iTunes or GooglePlay or visit https://blog.thesuccesshub.io/podcasts to watch the podcasts with guest influencers from around the world being interviewed on their specialist subjects.
Also, you can watch and subscribe to our
#GoInbound, #GetInTheGame, #GoDoTheHustle, #GoMakeItHappen, and we look forward to serving you as a valuable partner in our #GrowthEngine community