Do you know that feeling when you are so inspired by something that you’re left speechless, puzzled and somewhat confused? Perhaps you’ve experienced it from a natural wonder, an incredible speech, a mind-blowing innovation you read about, or simply something your newborn does. Well, I had that moment while watching Netflix.
I know that sounds peculiar, but when I watched the first episode of Netflix’s second season of “Chef’s Table,” the show that dives deep into a specific renowned chef’s way of thinking, it took me a day or so to sort everything I learned into nuggets of insight. The episode starred American superstar chef Grant Achatz. But it wasn’t the balloon cheese dessert, the fact that he overcame cancer (stage 4 squamous cell carcinoma of the mouth) and was known for years as “the chef who couldn’t taste,” or his quest to reinvent meals daily that inspired me. It was his relentless creative drive that left me speechless.
His quest to transform something (food, in his case) into an emotional experience is remarkable; this is also why I do what I do at my brand consultancy. When I work with startup entrepreneurs on deriving their new venture’s philosophy and shaping their brand’s strategy, voice and image, triggering emotions is key to this journey – and to my own overall personal happiness.
The fact that Achatz would have considered his first restaurant a failure unless it would quickly turn into one of the very best in the country (it achieved that goal, being named the second best in the U.S.) was insane – insane in an inspiring way. What really struck me though was the fact that at the height of his restaurant’s success, he decided to close it and reinvent it from the ground up with new interiors and a completely new menu. For a three-star Michelin restaurant, that is as risky of a business move as there is. Digesting this indisputably progressive way of thinking, and translating it to other brands, got me excited.
Who else would a brand reinvention this sudden and complete apply to? And why? To find out, I pose a few questions that will help guide you down the path of boldly diving into ice cold branding waters, in case that disruption applies to your business.
Knowing what your brand stands for, its single most important objective, and the values that are at the core of it are the most crucial ingredients of branding, ones that I spend ample time crafting with my clients. If that DNA of your brand ends up being best described by the word “innovation,” you are intrinsically forced to implement that thinking across the board.
If that drive for change and reinvention also drives you as the founder, you can not sit back and put success on autopilot. You must constantly go back and rethink, “How would you do this from scratch today?” If the house were to burn down today, figuratively speaking, how would you piece it back together? Likely, you would not literally piece it back together. Instead, you would rethink its purpose, location and foundation from the ground up and opportunities would pile up in front of you.
No one is perfect and no brand is purely a glimmering success. You know it and I know it: There’s baggage hidden in the drawers of every operation.
Creating a list of even the smallest things that require fixing may soon turn into a notebook full of ideas and opportunities. These may turn a call for complete reinvention into an outcry for action; action to turn into the best your brand could possibly be. If you hear that inner call, you can’t forget it.
Are there startups that are knocking on your industry’s door? Competitors that are racing to take your place? The likelihood of this answer being “yes” is high, but I encounter two types of entrepreneurs: The ones who proactively act upon that knock on the door and the ones who push forward, resting on their share of the market.
In Achatz’s case, the knock came from another Chicago restaurant that just earned a three-star Michelin rating, giving him a local head-to-head competitor for the very first time. That was enough to make him act upon it.
When you see the first signs of competitors racing to take your place, it may be best to completely switch course. That is, “when everybody zigs, zag,” as author Marty Neumeier advises companies do in order to outsmart their competitors by taking a bold move to differentiate.
Many successful founders secretly wish they would not have been quite as successful with their first venture, as they sometimes feel trapped by the success they have created. They build their company into a comfortable and successful venture, then they don’t see a way out while they have many other entrepreneurial passions and ideas. Hiring another CEO feels daunting.
Most of the time it is solely the founders who are imposing that limitation on themselves. If you are one of them and you have many thoughts that would answer the question “now what?” a brand revamp might not only outsmart your competitors, surprise and delight your customers, but also reinvigorate your own life. That is something that should be on top of your list at all times.
Congratulations on your brand’s success – now please start over.
A genius move for the right type of entrepreneur and brand? Most definitely.
Naming a company, any company, is not an easy task.
Branding is the first thing your audience will be exposed to, that is especially true when it comes to the name. A name you can’t re-launch like a campaign, a site or even periodically a logo. You better not change it at all. It’s like with your child; you can advise on clothes and friend choices as they hit puberty, but that name you gave them, that will stick forever. So yes, it’s very, very darn important.
Late last week I was contacted by LAist about the (by now infamous) name Tribune Publishing gave itself in a (presumably) hasty re-branding exercise, given they were in a legal battle. Below is what I shared with the reporter, and now with you:
Here are some of the many rules I apply when crafting a company name and here is how our new f(r)iend tronc measures up:
#1 Short and easy to pronounce, easy to spell
Got that one right…yet many will misspell it as ‘tronk’ based on ‘trunk.’
#2 Available .com
I hope that’s not the look of a large publishing group, so they might still be in talks to purchase the domain. Oh, wait, it actually is the real tronc. Maybe we should move the conversation over to talk about the logo at this point? Makes me wonder, does this site work in Netscape?
#3 Passes the Google test
They got enough press very quickly that they dominate the first page on Google. If we do an image search we can not see the tronc for the tree trunks though.
#4 Tells a story
You tell me! OK, “Tribune Online Content” does not qualify as a story.
#5 Stands out (but not too far) from competitors
Surely stands out, but quite sure that it’s way too far.
Given that this re-brand came out of a lawsuit, this name is the result of a lean startup-style ‘speed-to-market’ naming exercise. As with most startups, this rush shows and backfires quickly. Sadly, a respectable company that needed to move away from its naming issues and signify very different benefits and changes to its audience, instead hit branding rock bottom.
It is of course very easy to jump on the re-branding trash talk wagon quickly, despite it never being fair not having been part of the process and understanding all the underlying reasons and restrictions. With endless trunk, junk, Tron and Trump jokes on the way, it does feel like this will be a trunk show that won’t be too exclusive, nor end anytime soon. This one surely is justified and I am whole-heartedly riding on that brand trash talk train (as it is indeed kinda fun).
Find them on Nasdaq starting 06/20 under the ticker TRNC – might as well have called it that; would have resonated with the same audience that would ‘dig’ tronc. And that audience ain’t theirs.