When business growth stagnates, talk inevitably turns to increasing advertising, website redesign, lowering fees, etc. to earn back former clients and entice new prospects. All of those tactics can be effective, but only if they send the right message to your audience. So, if your firm’s growth has slowed, referrals aren’t as strong as they once were, or you’re having trouble recruiting top talent, it may be time to consider a brand refresh.
Having to refine your branding strategy does not mean your brand has failed. On the contrary, the evolution of your brand can be the natural outcome of your growth and changes in the market. But research shows that brands that do not refresh every 5 to 10 years will be out of synch with the marketplace and struggle to remain relevant…
