Startup Advice


Is Your Startup Turning Into The Meh Factory?

You start off with a grand vision, the big thought. You can imagine the person who will go crazy over your offering right in front of your eyes.

As you find yourself diving head-first into product development, in many cases your target audience starts to automatically widen and with that you run the risk of your startup turning into a factory of…meh.

A Meh Factory is pointing towards, and hitting the center of the bullseye perfectly. A good thing you’d assume, but the bullseye is smack in the middle of everything: not too this, not too that, it’s just right in the middle. A product that tries to appeal to everyone and do everything. It is not the cheapest, not the priciest, not the coolest, not the best – no, it’s just right there, sitting stagnant in the middle of it all and by hitting the target spot-on, it is missing its target audience, its initial reason for existence, entirely.

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Becoming a Meh Factory is an even easier trap to fall into for an existing brand that is losing its soul, a great example being Gap (You can indulge in this story, exemplifying a brand’s quest to remain relevant).

As a startup you can protect yourself from falling into this gap (sorry!) early on. As you enter the development phase, remind yourself that as a new brand on the market it has to be your main goal to work towards reaching someone’s heart and not everyone’s mindOnly if you get one ‘tribe’ to not only like, but fully love your offering can you create a cult brand. And that is exactly what you should target. Shoot into any corner, just don’t point towards the center as you’d be missing your target – you know, the person you were thinking of when your idea first popped into your head. Make her love your brand, others will follow.


Twitter’s Periscope: What’s The Naming Scope

As you may have heard, Meerkat now has a new, serious, competitor. And no, it’s not the Minneapolis agency Periscope, which greatly enjoyed getting a lot of buzz today when Twitter launched Periscope.

Twitter did not talk to the agency by the same name, has not asked them for their Twitter handle @periscope (Wait, really? They kept @periscopeco), nor cared about the fact that they are naming their product the same way. Twitter decided to stick with the name of the startup they acquired, a very ‘speed-to-market’ move, and when it comes to naming, a highly questionable one.

FINIEN_Periscope_Branding

Twitter is 36.5 million followers larger than the agency by the same name, and the world will, after just a few days, think of Twitter’s service – and Twitter’s service alone – when hearing the name Periscope. Periscope, the agency, will not be so happy about it when confusion turns into annoyance and a dillusion of their smart brand name.

The question remains: Why stick with the name Periscope? A rather great name for a ‘full-spectrum creative agency’ that helps uncover and look at things differently, but for a live-streaming app?

Given all the red flags, they kept going with a name that stands for an apparatus consisting of a tube attached to a set of mirrors or prisms, by which an observer (typically in a submerged submarine or behind a high obstacle) can see things that are otherwise out of sight (via Google).

Leaving early adopters to adjust to a new name in order for a brand to focus on its much bigger future after having serious funding infused, or being bought by the big guys, would be the right move. Startup names are often just that, they are quick MVP’s of something that really should not be driven by lean startup methodology to start with. And definitely not go past an acquisition or merger.


Your Brand’s Core Values: From Document To Embodiment

Deriving your venture’s core values early on is essential to formulating a strong brand from within.

Imagine your core values being displayed beautifully in your company’s lobby: Your team will see them every day and it should engage and inspire them. At the same time, clients and shareholders should be able to read, and be in agreement with, your core values actually representing, and serving, your brand well. They need to resonate across the board. We advise to keep those value-statements to three very short and actionable sentences (some of the more universally applicable examples we derived with our clients in the past months are shown below):

FINIEN_BrandValues

It is easy to notice that core values often sound similar, perhaps even a bit generic if taken out of context, regardless of how hard we worked with our clients on crafting them. They often do not feel naturally implementable either. No surprise then that they often stay put on a desktop in a PDF document, rather than being embodied by the team.

I gave this issue a lot of thought as I urge my team and myself to create work that is intrinsically being embodied by our clients to push their ventures into great brands.

I recommend embodying your core values the same way I would recommend you preparing for a very important presentation: Once you have the presentation deck done, the speaker notes inserted, and you start practicing, you will realize that the more you practice, the more you embody the content and overall spirit. The day of the presentation you will notice that you fully embody the content, to the extent that you could hold a successful speech even if a major electricity outage hit – in candle light, without slides, without speaker notes – because you are living the content.

Treat your core values the same way: Try assigning one of your new brand’s three core values to each day of the work week, then make it your goal to do something each day that turns the words of one core value into action. It might be a project scope document and you decide to question the status quo and try to turn it into a better product. It might be actively doing good and being the example by staying late to help a co-worker meet her deadline.

Examples are endless, core values there are only a few, so if you start checking one value off the list day after day over the course of two weeks, and you ask your team to be doing the same, you will quickly realize that you do not have to be reminded about the values anymore – you will just be doing it. This will be the magic moment where you will be embodying your brand’s core values, and that brand document that resides on your desktop can now be accidentally erased, because it does not matter anymore. Action, as we all know, speaks louder than words.


Startups: Stay Human

When I got up at 4:45 AM to catch an early morning flight to SFO to spend 3 days engaging with the freshest crop of startups, I was pondering why I was so drawn to them. Was it the fascination with the new, the constant innovation, the ‘anything goes’ attitude, the unstoppable flow of borderline naive optimism?

 

Yes, of course, all of the above is why we are all interested in startups, but the real reason why I dedicated the majority of my professional life to working with Founders comes down to something much more basic: Startups are human.

 

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I always look forward to engaging with Founders and their teams, because they are real. No politics, no fear, no artificial hierarchies, yet all the struggles, even more than we see in the corporate world. Here we have human beings that are not aspiring to move their lifestyle from a BMW 5-Series to a 7-Series, but pushing an app that will benefit mankind from a 1.0 to a 2.0 release.

 

The beauty of purely human business interactions is lost in the vast majority of large companies I worked with over my career. I only get to feel them at the local Farmers Market and in the startup community. Not knowing is a virtue, learning a given, sharing a must. As startup Founders gain success, I urge you, do not lose the magic you possess, the magic you enjoy so much while being amongst yourselves, that magic of not only being human, but acting human.


Do You Embody Or Represent Your Brand?

You can establish/own/run your brand; you can represent your brand; or you can literally be and fully embody your brand.

If you create a brand that is solely based on yourself (obvious examples include a fashion brand, thought leadership brand, Etc), know that if you ever have the desire or need to re-brand and/or re-position, you will face many challenges. Sounds logical after the fact, but as you go down that path of associating your name with the brand, it is easy to let the ego, or the simplicity of finding the domain name, run the branding process and push you into the limelight for good (may that actually be for better or worse!).

 

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The issue of personal brand re-positioning will gain public attention during the US presidential election next year as we will be faced with two very different (and different types of) personal leadership legacy brands. Who is Hillary Clinton 2016 is what I pondered in The Washington Post (read this past Sunday’s cover story here) as we are collectively trying to re-define what her brand stands for today. Is the latest Bush brand in fact what the general public would assume it being based solely on his brand inheritance? I am not in politics (and smart enough not to discuss politics as part of my professional blog), but this comparison is the easiest way for you to watch the strategy, drama, and difficulty of personal brand re-positioning unfold on the big stage.

If you decide to be your brand, like a Martha Stewart did so famously before you, the coming months might make you re-consider and opt to solely represent your brand instead.

 


“Have You Eaten With Us Before? We Do Things A Little Differently Here.”

 Really? Tapas-style? You don’t say!

Carrie Brownstein (of Sleater Kinney and Portlandia fame) responded to this all-too-common restaurant dilemma in a recent Rolling Stone article, “I always want to tell them, ‘I’ve eaten at a restaurant before. Unless I have to order in Esperanto, I think I’ll be able to get the hang of it…'”

Just like with restaurants hopping on the bandwagon a little late looking like fools, your venture will easily fall into the same trap, may it be through ‘our gamification aspect’, ‘our delightful experience’, the ‘unique social component’ etc. It’s still tapas to the rest of us, because we do not see how your product will make us feel differently.

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Ask yourself if you have found your true differently yet. To give you a head start, write a brand memorial speech. Once complete, it should make you feel the same way Carrie Brownstein felt when she heard the punk-rock style riot grrrl for the first time: ‘This is the sound my heart would make if I could amplify it.” 

Listen to the heart of your startup, then amplify it so we can all hear it, and believe in it! And next time your waiter starts his differently speech, read him this post aloud.


Make Your New Brand Image Bland And Unmemorable

…was the advice I gave an entrepreneur last week. Wait, did I just really say this out loud? Yes, and here is why:

Like many entrepreneurs at the early (very early) stage, he was at a point where he needed to have a brand presence, just enough to get him through meetings looking legit. A business card in hand, a Powerpoint design to show and a web site to link back to. He was at a point where he needed to discuss his new venture in a professional manner with potential collaborators to further shape his concept. There was no outside investment and the core of the company strategy could sway depending on these initial meetings. It was not a time to invest in brand design, it would put the cart in front of the horse. So what to do?

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There was no way for him to create the brand design the right way, so instead of applying any kind of distinct design language (making it memorable), he thought to make it “meh.” Make it bland, make it colorless.

I sincerely agreed. In this very rare case you actually do not want your brand image to stick in your customers minds.

People should be educated about what you do and who you are, but you should not create a memorable brand design and language around a very early stage concept if you know it will all change, very soon. Once the startup strategy is formulated, the brand can be shaped.

So go out there and have them call your number rather than recall your brand image.


Just How Much Do They Love Your New Offering? Assume They Truly Loathe It.

Gaining early user feedback? Don’t assume they love it; assume they loathe it.

Like so many of us, I was looking for a better way to find mutually available times for meeting requests; an easier way to manage my calendar with third parties. I tested a plug in that promised to do just that, but as I was at the height of my frustration with the product (a few computer crashes later), I received a message from the startup checking in on me. I was delighted as I had tons of feedback to share. Here is how their message read:

CustomerMessageFail

My first reaction: How pretentious!

I do not like it, do not feel it has potential (at my current state of frustration at least), and surely won’t be thinking about added features if the core was not working to my expectations. Where was my fourth option?

d. I do not like my experience with your product. (Please advise us as to why)

FINIEN_BrandLove_VS_BrandLoathe

Don’t assume they love it. Assume they loathe it.

If you reach a frustrated user and you give them a chance to speak up about why they greatly dislike your product, you will:

a. learn and in consequence have a chance to better your offering

b. have a chance to keep the customer

c. potentially turn loathe into love

As for this plug in, I waved it good-bye upon receipt of that E-Mail. As for your next launch, I am just glad that you will share the love while inquiring about the hate.

 


“You Told Me My Company Name Sucks”

…was the subject line of an E-Mail I received a few days ago. Needless to say, I was intrigued to read on:

“I called my company “(Name Withheld)”, but you told me it was horrible. For that reason I wanted to reach out and say THANK YOU!”

He listened and he turned the page and now he is grateful for my frank advice just as much as for him listening and acting upon it. This is how I want to start off the New Brand Post for 2015 as it sums up what is key to branding a new venture, and what I want you to keep upfront and center this year.

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When you start a new venture, or initiate a new product offering, you tend to know best. You know your product best, you know your audience best, you know your marketplace best. You know your road map best. So, naturally, you are closing off quickly. Why? Because you know best.

Truth is, you just can’t be great at everything. I am not. No one is.

The moment you let go of that notion is the moment you open up to greatness. As a person, as a founder and as a brand.

Successful brands are built in collaboration with – and powered by insights from – specialists within their domain. The ones that are great at a certain thing, just like you are at your thing. It takes money and/or time, but for the ones who ‘get it,‘ like the one who wrote me above E-Mail, it will make for a better, if not great, brand.

This year be open, listen, absorb and analyze every step along the way as it relates to tasks like naming, brand identity, online presence, brand positioning, the same way you analyze, and more often than not over-analyze, each feature of your product or service offering. Branding is the first feature your target audience will be exposed to. It better click the right way, right away.