There are many small businesses that have a
very similar history. It goes something like this. The original business owner
had an idea that solved a problem in a particular industry. He began to talk to
people about it. He gathered a few customers and started a business. He worked
very hard, long hours, and met with lots of people to tell them about the new
business. Work started coming in the doors. He hired his first employees. Work
continued to come to them. First time customers became repeat customers. Those
customers told other customers. Word spread that they did good work. After a
while, it was if there were train tracks that led from customers to the front
doors of the business. The work rolled in on the tracks laid by the
relationships and reputation of the owner of the business.
After a few years of this, the owner decides
there needs to be a change. It could be that he sees that one day he will no
longer be at the helm of the business and needs to set up the next generation
of leaders in the company. It may also be that he would prefer to spend less
time in the office and more time doing something else. But alas! The new
generation of leadership doesn’t have the same history with the company as the
owner. They might not have the same relationship with the customers. They might
not have his entrepreneurial drive to risk everything on this company’s
success. They might just have a different personality. Whatever the reason,
there is a crucial point in the life of every small business when the founder
and the next gen leaders rub up against each other. It is critical because the
continued success of the business is at stake.
At this juncture, marketing is of utmost importance. How
so? For one thing, broadening your customer base is extremely important. When
the customer relationship is built upon one personality, and you are removing
that person, you are vulnerable. The relationship between the customer and the
next gen leader is never what it was with the founder. If you have depended
upon the train tracks approach to gaining work from your customers, you need
something that goes beyond the tracks. In other words, you have to get beyond
the personality of the founder and drive business to yourself in a new way.
Marketing does this. It helps you open new doors, gain the trust of a new
customers and gives you a chance based on the quality of your work, the
timeliness of your delivery, the price, and the follow up customer service.
Am I saying that relationships with your customers
don’t matter? No, quite the opposite. But when it is time to grow the company
beyond the original owner, the relationships have to be much broader based than
with one person. This is where building a corporate brand makes a difference.
Gaining customer loyalty to a brand and not just to a person is key to making
the transition from one leader to the next. It also helps the business grow up.
Basing a company on one personality has its limitations. There are only so many
people one person can keep up with. In many cases, it is used as a control
mechanism for the owner. However, it stifles growth. Marketing helps you grow
beyond the single personality company.
If you are finding your company is in the
middle of the struggle for what comes next, you are not alone. All small
businesses eventually have to cross this road or close their doors. At the
center of the change from the founding owner to the next gen leader is
marketing. It is crucial for the transition. Without it, most small businesses
collapse on themselves shortly after the founder exits the company.