Oct 26, 2020

Should You Build Your Business Brand or Your Personal Brand?

Branding and business go hand-in-hand. When you think of a company, the first thoughts that typically come to mind are brand-related—its name, logo, or messaging.

Your brand is what makes you instantly recognizable to your audience, differentiates you from your competition, and communicates your unique voice and identity. 

As a business owner, you have 2 brands to work with: your personal brand and business brand. So, which brand is more important? 

Keep reading to learn more about building personal and business brands and whether it makes sense to focus on 1 or both. 

Why Should You Build a Personal Brand?

Today’s entrepreneurs often devote resources to building their personal identity within an industry. The buzzword “thought leadership” gets thrown around a lot when discussing personal brands. 

The crux of this term: if you’re able to position yourself as an expert in an industry, then you can bring in more clients to your business, provide additional revenue streams for yourself—and improve your chances of life after your company, if it were to fail. 

Let’s dive a little further into why many entrepreneurs choose to prioritize their personal brands.

Essentially, consider your long-term goals. If you plan to grow out of your business and continue on to new ventures, you may want to allocate energy to growing your personal brand. 

Why Should You Maintain a Business Brand?

Whether you want to focus on it or not, if you have a business entity, you have a brand to manage. This reality is especially true for small businesses managing their brand online. If you’re not working to manage and maintain your company’s brand, you risk letting public opinion and online reviews dictate how others perceive your business.

Branding your business can start with a name and logo, but it goes so much further today. Now, businesses need a website, a social media presence, and profiles on review sites like Yelp, Google Business, and Bing Places for Business. Moreover, effective branding requires a uniform identity and messaging across all these channels in addition to frequent activity relative to your industry or competition.

There are many benefits to growing a business brand—some of which include:

If you operate a business, you need to consider its brand. Even if you want to prioritize your personal brand, neglecting your business brand can be detrimental. A poor business brand image can make new sales harder, decrease repeat business, and impact your ability to find and retain talent.

Is a Business Brand or Personal Brand More Important?

It depends

For example, freelance writers can make a case for prioritizing their personal brand over their business—if they have one. Building their personal identity within an industry can make it easier to land future writing work, and it will add credibility and value to their name when negotiating rates.

However, most entrepreneurs would be wise to prioritize a business brand because it tends to offer less resistance. A business can brand itself however it wants—you control the name, logo, messaging, and identity. 

This flexibility often makes it easier for you to define and manage a business brand. Moreover, you can scale branding for a business much easier through branding tools, dedicated staff, or outsourced partners.

The better question to ask yourself is “how can I do both?”—there’s value in growing a business and personal brand simultaneously. Maybe you want to use your keynote speech at an industry conference to plug your business and attract new clients, or maybe you want to build a massive business brand that will add credence to any efforts you undertake to build your personal brand.

While there is a significant overlap in tactics to promote any brand (personal or business), your marketing efforts need to address who—or what—you’re trying to promote, and why, before you can start developing a promotional plan. Once you’ve formulated a strategy, remain steadfast in your efforts: building a brand takes time, money, and a lot of commitment.

There is no right answer to whether you should invest in your personal or business brand. In all likelihood, you’ll do a combination of both. Along with allocating funds to the marketing and promotion of your business, you’ll also set aside resources to build your personal name. With the right balance, you can grow your business while making a name for yourself, too.

About the author

Derek Miller
Derek Miller
Derek Miller is a writer specializing in entrepreneurship, small business, and digital marketing. His work has featured in sites like Entrepreneur, GoDaddy, Score.org, and StartupCamp. He’s currently the CMO of Smack Apparel, the content guru at Great.com, and a marketing consultant for small businesses.

Comments

Bookkeeping for your small business.

Simplify your bookkeeping and save money