Archive for April, 2009

Thriving first year of Business – Make it or break it!!

When we achieve a complete successful business, mostly we find it difficult recalling the past deals, customers and many other things. However, there is this small period of struggle which no one dares forget….of course, the first year. Before jumping head-long into a new business, you must be prepared for all the hardships and pain waiting ahead.

The first year in business is the “make or break” time for every business, small or big. This is the cruel reality which every business man or woman has to face. Either you manage to pass through all the hardships and move forward or you give up the game.

Considering, the present condition of United States, it has become almost impossible to climb the slippery ladder of success and achieve a stable corporate identity
Well, I still have some tips which can help you survive the first 12 months of your start-up business and carve the way to success.

 
83767536
 
  • Banking structure: If you want your business to be successful, you need to be sure about firm banking structure. Banking is the key to success in your first year of business. This means you need to have strong financial backup to fight all types of crisis. The personal loans you acquire to support your business play the most critical part. You need to be very careful about making the repayments on the dates they are due. This is where many businesses fall down; ignoring the loan repayment dates and hoping their bank manager will understand.

     

  • Use money wisely: In your first year of business, especially if you are a business that provides goods to other customers, keep your stocks low. It is not always the best policy to have a warehouse full to bursting with a variety of products.

     

  • Company Management: I think, to make your services more efficient, employ someone who can maintain the day to day running of the business while you concentrate on bringing in new clients. Although, it is difficult to manage a business on your own so asking for help is always something you should be prepared to do but don’t forget to take daily reports.
  •  

  • Put in sufficient time: A new business can be very demanding and a business owner is entitled to wear several hats to accomplish different tasks. It becomes important for an entrepreneur to work 12 or more hours a day, including weekends….are you ready for it?
  •  

  • Strong passion for your field: Most importantly, start a business when you have passion for that field. Starting a business is no child play as it can be stressful to your physical and emotional health. So, until you are not ready to sacrifice your all other commitments, don’t start a business.
 
83767537
 
  • Systematic planning and organizing: Manage your company as though it is your own child. Although you must be having so many things to be taken care of but still you should be the one to supervise all the departments. No matter, how big or small your staff is, you should be watching things personally.

     

  • Know your target market: Before you start a business you should be aware of the people you aim to provide service. Advertise your business in such a way that your target market approaches you more.
  •  

  • Spend on your advertisement: To increase your credibility and become a customer’s product, I will advise you to spend a little more on your advertisement.
  •  

  • Keep monitoring your graph: Check your profits and losses daily, weekly, monthly and yearly! If you find that your daily losses are outweighing your profits, you may be able to make immediate changes to help that bottom line.
 

Business surveys have proved that only 30 percent of small and medium-sized businesses survive after five years. The survey revealed that 71 percent of businesses survivethe first year of their activity; 58 percent survive the second year 47 percent survive the third year.

But I strongly believe that if you plan ahead with the above given tips, you won’t be among these stats…trust my words.

 

Cheap Corporate Logos cost you more – Don’t take the risk!!

Growing awareness for logos is getting logo designing companies busy with more projects and luring to win more customers. This call for tough competition has made logo design companies come up with cheap offers for logo designing.

Now, here defending the customers, I would probably say that they are not designers and don’t have an exact idea of corporate logos value. As you know, my blog aims to educate and share the realities of corporate world. Therefore, this time I decided to tell you why we should avoid chasing cheap logo design packages. 

Ignoring the value a logo adds to the corporate identity of a company, all the designing companies are following the “cheap offer” tactics to attract their customers. However, I would warn you not to fall for this trap.
 
83320017
 

Here are some valid and sensible points to stop you from getting proud of getting a logo designed from the Internet for $25.

  • A logo is the heart and soul of your business: The professional company logos always speaks for the expertise and success of a business. Don’t miss the chance of leaving a lasting first impression.
  • Your logo is to stay for long: A logo is a symbol that will stand on every piece of printed or electronic collateral for at least the next 10 years. You can’t keep on changing your logo often or the investment you make on your business image, marketing and goodwill will be lost. Thus, Take a second look at your logo…is it good enough to be your signature for next 10 years?
  • Logo says your aims:  Experienced logo designing companies’ lead you through the design process, helping you visualize how your company will be seen by the world. It becomes easy for you to express your exact goals and aims to the viewers through your logo.
  • A logo is an invitation: It should be appealing and inviting for your targeted audience and if your design fails to do so then you are in real trouble.
  • A logo should win the trust: Logos by established design firms win viewers confidence and make them believe that they are in most experienced hands.
  • Logo is your company’s attitude: The detailed designing process of your logo – the brainstorming of ideas, rough sketches and tweaking of the final logo, leaves a hint about your company’s attitude and personality.
 
picture-13
 

It really itches me when the sweat and hard work of a logo designer is under estimated. I would like you review these stages of the logo design process and decide if it deserves its price. This is how the process goes:

  1. Filling the questionnaire to provide details about your business.
  2. Conducting research on your industry, competitors and targeted audience.
  3. Checking onto other similar logo designs that have been successful with the same current styles and trend.
  4. In accordance with the research you are presented with initial Sketches & Concepts
  5. Never ending brainstorming and searching for more creative ideas keep their minds racing.
  6. Then they present the sketches and basic logo ideas, along with open options for amendments.

Then arrives the happy ending of this process…if you have got your corporate logo designed from a professional company it will surely give you a reason to celebrate.

 

Corporate Brands win with creative ads – Pepsi and Coke

If you aim to achieve a matchless corporate identity in this busy world of brands, you need to make your presence feel strongly. To survive in this era of tough competition we have to work deadly hard to make our brand unforgettable for the customers. In my last few posts, I have been discussing all the sources to help you achieve unique corporate identity but today I bring you another way of promoting a product.

The recipe of creative advertisements can keep the customers motivated and convinced about a brand. Many social brands have entered our lives with wrapped up emotions and beliefs. Creative advertisements help the big corporate companies reach the minds of their customers in a very subtle but unforgettable way.

Undoubtedly, Pepsi and Coca-Cola are the most successful brands of the world. Respectively, introduced in the year 1886 and 1903, both were rivals to each other trying to dominate the carbonated soft drinks market. Since the very first day, both the brands got into global advertisement war through print ads and video ads, trying to lead each other.

I would like to share the clever concepts these corporate brands have been using to advertise their products. You have to share which of these two you think has been leading the market until now and why, because Pepsi and Coke, both have been putting in their best to get to the top.

 

Pepsi Ads:

It is believed that Pepsi ads follow what’s new, what’s hot and what’s trendy. Decades back, noticing Coke’s progress Pepsi decided to focus the youth market. Since then they have been casting big celebrities in their ads and I must say it hasn’t been a bad idea.

Diet Pepsi:

pepsi-ad-1

Pepsi Lemon Twist:

pepsi-ad-4

April Fool prank for Coke:

april-fool-1

Mini Pepsi Cans:

pepsi-ad-6

Amazing Diet Pepsi:

pepsi-ad-7

Pepsi Max:

pepsi-ad-8
 

Coke Ads:

Every year Interbrand releases its annual list, rating the most successful organizations and valuable brands from all over the world. Over the past several years, the brand at the top of the list has been Coca-Cola. Given the amount of money and effort they have put in creating the brand, it’s not surprising.

Surprising is the fact that Pepsi also spend just about as much money on branding as the Coke and sell almost same amount of products but still Coca-Cola is more valuable brand then Pepsi.

But for now, let’s forget the ethical side and enjoy the creativity.

It’s my Coke:

coke-1

Coke Straw:

coke-2

Lemon Coca Cola:

coke-3

Coca-Cola ad on apartment block:

coke-4

A Classic never goes out of style:

coke-5

Is Quality your trust:

coke-6
 

Pepsi Vs Coca Cola:

Knock it!!:

coke-vs-pepsi-1

Joy of Pepsi:

coke-vs-pepsi-2

Pepsi murdered by a gang of Coke:

pepsi-murder
 
These advertisements for top corporate brands like Pepsi and Coca-Cola clearly prove that we should always come up with different ideas to keep our customers coming back. Don’t you think that we need to do a lot than just having a unique logo, amazing business card, creative brochures and flyers…what say?
 

Redesigned Kraft Logo – Does it make you smile or scowl?

            I consider redesigning of logos a healthy and pleasant exercise, as it helps you maintain a unique corporate identity. However, one should be lucky enough to get the redesign work out successfully for the brand. It is a little rude to say that Kraft food products tried to come up with a joyful logo to make its customer smile with appreciation but unfortunately the redesign blunder made everyone laugh with annoyance. The new logo makes you wonder if the designer ran short of creative ideas while redesigning the logo.

            Well, here I would like to mention that the new icon is not meant for the Kraft consumer products. They aim to keep their corporate logos different from their brand logo. The existing Kraft logo will still be used on cheese and all of those other Kraft products in your refrigerator. Do you think it is a wise decision?

            Kraft has been always merging and taking over other food companies to become more successful and big. It has stick with its previous logo from last 40 years. This simple and recognizable logo has been doing great wonders for the company and its customers think it’s a VERY bad idea to chuck that history for the latest 21st century trend.

 

kraft_foods_logo

The press releases explain the beauty and aim of the rebranding as below. Have a read.

“With a new purpose and values setting a fresh direction, Kraft Foods also gave its corporate logo a facelift to more clearly deliver “delicious.” Starting today, people around the world will begin to see the new identity that deliciously features a smile, the natural reaction to delicious foods and experiences, and a colorful flavor burst. It signals to employees, consumers and investors what the new Kraft Foods are all about.”
 

kraft_foods_detail

Positive aspects of the redesign: Capital bold fonts of the old logo have been replaced by the lowercase text, adding a soft and welcoming look to the logo. The lower case letter “K” is believed to be the best part of the redesign. The red smile ends with a colorful burst of seven colors, each standing for a division of the company but at the same time it has been deeply criticized as well.

Negative aspects of the redesign: The most complained aspect of the redesign is that the logo seems to be very busy and it’s difficult to find the company name within the clutter. In fact, the company name appears like an afterthought.

The hackneyed and friendly red “smile” ending up into a colorful burst has made the logo just too childish. The “Tekton” font used in the tag line is also not much appreciated. Too many colors in the logo make it look more like a logo for a primary school rather than any big food company.

 

I think I have discussed my perspective over the redesign quiet openly without knowing what you all have got to say about it. So, I take my hands off and pass it to you.

Do you think the new Kraft Logo is good enough to make a powerful corporate statement for a strong and successful company like KRAFT?