At Distinct Agency, we understand that even the more accomplished business directors, business owners, and entrepreneurs face moments of uncertainty, questioning themselves and their strategies, especially with the markets’ recent fluctuations due to unforeseen events such as the pandemic and the resulting global economic slowdown. It has been a tough couple of years for SME’s, but there’s a positive upturn on the way.
The journey of running a SME business is both thrilling and challenging, and the truth is, waiting for the "flawless plan" to implement the next ‘big’ phase, often leads to stagnation. But in the here and now, that flawless plan is hardly a thing, even though the desire to plan for it is.
It’s just about impossible to have everything figured out. You can aim for that illusive flawless plan, but experience keeps showing us that you don’t need a 5-year roadmap or even a 12-month blueprint. Of course you need your bigger plan, but how are you going to get there?
What you do need is to identify a strong service or to productise, a creative and agile strategy, and the tenacity and desire to keep moving forwards. Now, your business can evolve in a direction of your choosing. But remember, you need to keep things fluid and always be ready to change your plan along the way. This term is overused at times, but adopting a ‘creative’ approach will help to achieve those business goals.
Being able to identify when a plan isn’t working is the trick, and the willingness to practice agility is the creative fix. The named companies above didn’t succeed by sticking to a rigid plan – they thrived by embracing creativity, taking risks, and adapting to new opportunities as they arose.
They also didn’t drop their marketing endeavours, which seems to be one of the first cost-cutting exercises SME’s engage in when times are tough. This is a typical kneejerk reaction to what seems like a smart move at the time, but what SME’s then struggle with is getting back up to speed with their brand’s visibility due to perceived market absence. Remember, perception is reality, and if you’re nowhere to be seen, customers will slowly replace your brand with another brand that has remained active within their mind-space. The giant brand that is Coca-Cola has learnt this lesson from past experiments. Now they spend an average of $4 billion on branding each year. It pays off, though – 94% of the world’s population recognise the red and white logo.
Over the years many clients have asked us how to be agile, creative, how to change when resistance exists from both internal and external influences. Our mission is to live in the zone of being comfortable with discomfort, on your behalf, for the betterment of your business. Remember, the business landscape is in constant flux, therefore the most constant is change, and this is easily forgotten.
Research has shown that some business owners lost their business due to stubbornness, the lack to change or to be open to redirection. Over 83% of SME businesses close their doors within the first 2 years due to lack of support, outside creative thinking, ability to be realign and restratgise. At Distinct Agency, we’re here to ensure your brand not only keeps pace but leads the way with creativity, agility, and strategic innovation.