Take a few minutes to think about actions that could damage your brand equity
Thursday, February 25th, 2010I talk a lot about brand equity and the importance of building a brand, maintaining it and using it to have successful businesses and one of the things I stress to people is that it takes only one mistake, JUST ONE and that can severely damage the brand equity you have strive to build up.
Even though I preach so much about having excellent relationships with your audience and your customers – which I constantly strive to do and hopefully from the great feedback I get I actually accomplish 99% of the time. Recently I discovered an action I took as part of my business although seemed right at the time not through being greedy, lazy, inconsiderate or any of the other usual pitfalls businesses fall into when they commit an error but simply because I thought it was the right thing to do meant that I lead my business down a route that was incorrect and as a result made certain errors become more apparent and more of an issue than should have been.
Although I do not wish to disclose the errros I have commited – what I do want to say is that this has caused damage to my business and personal brand both of which I pride myself on and it takes just that one small error and it doesnt matter whether you damaged your brand in the eyes of a single person, a single business or an entire country – damage is damage.
Hopefully things can be rectified and patched but as always its so crucial to remember that making a slight mistake really will damage your brand equity. So next time take an extra few minutes to decide on various factors and stages of a product line, project milestones, that new magazine design layout, whether or not you should change the way that image looks in photoshop, how you approach someone in person or online and how you interact with the world on a daily basis.
Keep working hard people and everything you are trying to achieve will come true.


