Your business’ brand is its identity to the outside world. More importantly, it’s your identity to your target audience, including your current market and your potential market. Your brand is how these audiences see you, your products and your services. It is, therefore, a fundamental part of your organizational success.
Brands are generally developed and reinforced over time. Once built, brands represent great value and should be changed only based on good, sound reasons. For some businesses, though, there may come a time when it seems like a good idea to rebrand — to toss aside your current image and pursue something new. (more…)