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Essays On Brand On Horology

Brand & Watches

What can you learn about building a brand from watch manufacturers and enthusiasts?

I’m on a journey to buy a watch. An automatic mechanical watch to be exact. I’ve been fascinated by the beauty of self-powered mechanical machines for as long as I can remember. I bought my first wind-up clock on a family trip to the UK as an 8 or 9 year old.

I have a short-list of items that I’m looking for. A watch with an automatic mechanical movement, that I can wear day-to-day, that tracks time (for training), that is water-proof, that looks timeless, and that is durable.

At first I saw a Seiko mechanical watch that fit the bill. However, due to the fact that I already have a Seiko, I thought this is as good a time as any to try something new.

And then the watch buying journey of twists and turns began.

Despite being a landlocked country, my first port of call was Switzerland. It is has a well established brand of making high quality watches.

My methodology was simple. Start with finding a watch that fit the criteria and then, because I’m not able to see these watches in person, research the reviews to see if it would be a good buy. This is where I began to face the labyrinth of brand.

I was first introduced to Hamilton watches and then Tudor, Delma, Tissot, Marathon, and Glycine. In that order. All Swiss watch manufacturers. Other than Tissot, all brands that were new to me.

Glycine Combat Sub

I’m not generally particular about a brand. I look at quality and function, begin to love a product after use, and only then I become curious about the company, story and brand itself. However, without first-hand experience, each review I read would turn me down a different path. Brand mattered to them.

One reviewer would speak of heritage and say that another brand was preferable. So I would start my search again with their recommended model. Or one name was more known than another which could impact servicing, so again I was introduced to a new brand. Another reviewer would say that another movement in a different watch is better or had been used for longer, which may impact durability.

As I am looking for a waterproof watch that could be used as a timer, I began to narrow my search around dive watches. It turns out, some watch manufacturers had a history of being deeply involved with diving, while others were not, this was important to the reviewer. Even when everything seemed comparable – history, technology, movement – suddenly the watches’ parent company would come into question.

I just wanted a durable, quality, mechanical, waterproof and timeless watch.

In these reviews I learned about exhibition cases, servicing concerns, “hacking”, power reserve, manual winding, tolerances, origin, and that all movements were different. Some, with much to be desired.

Finally, after going around in circles, I thought I would look outside of Swiss watches and came across Yema, a French watch manufacturer. They made dive watches. They have heritage and technology. But when reading reviews the customer service of the company was being called into question – a new one to me.

Yema Superman Dive Watch

It’s enough to pull ones hair out.

While out on a hike in the mountains and reflecting on all this new information, it struck me, there’s so much to learn about building a brand from watches.

In fact it was easy to categorize all the decision points into building blocks of brand.

A brand is the marriage between how a company presents itself and how the consumer perceives them. It is not one or the other. It is the intersection. And brand matters. It adds confidence to a purchase decision or introduces doubts.

We think of goodwill in business as the relationship, hopefully a positive one, between the business and the customer.

For example, a reviewer may make bold claims that a product is great or the service is terrible. But that statement alone does not make the brand. Lets say someone claims Rolex has terrible customer service. Do you think the Rolex brand will be tarnished? Of course not. Because there’s more to brand. But, another company, a lesser known one, may find it will take time to regain trust with their market after a statement like that is made.

So what is it that composes the brand?

When it comes to watches people care about honesty.

This came up again and again in reviews. Collectors didn’t mind if the mechanical movement was proprietary or if it was a 3rd-party movement. They didn’t mind if it was made in Switzerland or simply assembled there. What they did mind was if a company was misleading – claiming a component was made somewhere it wasn’t. If one part of the marketing story was found to be untrue, all was called into question. Integrity was lost.

Watch reviewers are very thorough. They’ll even go to a watch maker to have them dismantle the watch and inspect the parts to offer their opinion.

The opposite was the case as well, no pun intended. If a marketing story was found to be true, the brand would increase in appeal. The richer the story, the greater the value.

Story matters.

Brands that can boast having been in outer space, in battle, in the Navy, on explorations, or having innovated technology – all garner the admiration of the wearer.

Omega watch in space

In part, I believe because that’s the draw to a mechanical watch. The watch represents something. Both stylistically and idealistically. You’re respecting a moment, a demeanour, an accomplishment. But the story must remain intact.

Design matters.

Mechanical movements are becoming works of art, along with the dial, bezel and case. Watch enthusiasts care very much about aesthetics. But not in isolation. A well designed watch is one where the aesthetic matches the utility of the watch.

Here a dive watch looks and functions as a dive watch. The utility is in the design.

How this effects brand is when a watch company produces designs that are true to the function of the piece and their expertise. In other words, true to the heritage and roots of the company. Over time this design becomes iconic to that watch. Think of a Rolex Explorer.

A company that produces designs outside of their tradition, and without purpose, other than to reach a broader market – takes the company away from the brand they were establishing.

Whereas if a watch company works with the Navy, for example, to supply a new dive watch, this expands the brand as there is a strong sense of purpose behind the new design.

Even advertising matters.

Most marketers, especially digital ones, may think of awareness as brand building. Working to reach new audiences and make a logo known and trusted. But they advertise to get a purchase, rather than tell a story. That type of advertising is more in line with sales, and does not build brand equity.

Just like the watches themselves, every advertisement, every artwork, and every article produced becomes the brand’s artifacts over time. An advertisement may showcase a movement or a diver. The visual design of the advertisement must mirror both the character of the watch and the copy be true to the integrity of the story.

From what I can gather, one example where advertising backfired was when Tudor watches sponsored Lady Gaga as their spokesperson. The reason for this is that the person who purchased Tudor watches couldn’t relate to her, despite her success within the music industry and her gritty determination. It was off-brand. And the forums were not quiet about it.

The next thing that stands out is quality & engineering. And also quality control.

The piece must meet or exceed all expectations. One expects a Swiss watch, for example, to set the standard for craftsmanship. If play is found in the bezel or the band, a part misaligned, or a movement appears poorly assembled or unrefined, it is remarkable to the reviewer. Mido was a brand that consistently outperformed on quality.

Mido Ocean Star Tribute

Quality and quality control are not the same thing, I learned. Watch reviewers seemed surprisingly accommodating of poor quality control issues, as long as the watch manufacturer was quick to remedy the situation by replacing the watch with a quality of engineering one would expect. Essentially, to stand behind their own brand.

Which brings us to customer care & service.

When buying a watch one does not expect an issue. It is assumed that in this day and age your watch will arrive beautifully made and performing within specification. There is a wide array of variance to specifications, depending on the watch, the movement, and the meticulousness of the manufacturer, which the buyer is responsible for knowing when choosing their watch. However, if an issue does arise, one does expect a courteous resolution. This was made clear by the comment threads. And it doesn’t take many negative comments to turn-off would be buyers new to a brand.

Because I’m new to automatic watches I hadn’t considered the future need of servicing one. So when looking to buy a watch, customer service wasn’t high on my list of considerations. So I was surprised to see reviewers mention it. But it is clear, that if left unresolved, poor customer service does tarnish an otherwise faultless brand. Ever more so in service-oriented businesses, whose brands are built on service.

In conclusion

Brand is not simply the perception of the marketplace. It is a product of the company – engineering, service, quality control & marketing – working together to create value and establish the company name firmly within the world. It’s simple; the product must live up to the hype. And demand will follow.

This constant forging of perception, with how a company presents its products and the public’s opinion of the end-result, either increases the brand’s value and draw or leaves it in the chasm of commonplace.

Which means a business that intentionally masters the key components of a brand, will eventually with determined effort, establish itself as the brand they aspire to be.

The key components are Integrity, Story, Design, Advertising, Quality, Service, Credibility, Innovation & History.

Great watch brands are amazing at presentation and imagery in story telling. Their websites and marketing reinforce the look, feel and narrative they are communicating. They leverage partnerships, such as sporting events, to establish credibility. When new to a subject or product one trusts the opinions of experts. If they are respected by the professionals and icons we respect, we feel they in turn can be endeared by us. They push the boundaries of engineering. Pioneering new innovations of power reserves, deep sea depths, and time keeping. There is an integrity to the way they build watches and market themselves. Under scrutiny there is a consistent and uncompromising adherence to honesty and quality. They are what they say they are. Their service is of the same quality as their products. Treating their customers with care and respect. Their advertising tells their story. With charm, gusto and beauty. And over time this creates a rich history of tradition, accomplishments and heritage.

Then when a consumer finds a product with design and engineering that appeals to them, they will purchase it with confidence. This is the power of brand, confidence.

Every company will have a brand that is unique to them. Just as every person is different, so is every business. And the individual values, positioning, and journey of each company will contribute accordingly and attract customers who resonate with it.

It is the responsibility of the company to produce great products. To tell their story. To communicate their values. To create partnerships that strengthen their credibility. And to market themselves in a way that aligns with their core message.

To this I say to brands.

“It doesn’t matter where you are, you are nowhere compared to where you can go.”

Bob Proctor

Time will tell your story.

Categories
Essays On Business

How not to get market traction in your startup?

Airplane taking off

Almost everyone has it wrong about how to get market traction in a startup. It doesn’t matter if you are bootstrapping your company or have raised 35 million dollars. A lot of companies hire a sales team right away. They are looking to scale their business and jump on the sales wagon. WRONG. Don’t hire a sales team, don’t hire a VP of sales, the only people who should be making sales are the founders. I’ll explain why in the next few paragraphs.

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On Business

Celebrate milestones or die

And in the end, it’s not the years in your life that count. It’s the life in your years
Abraham Lincoln

You work hard and want to see your business grow. Are you doing the simple things that can mean the difference between sustaining your businesses growth or drying up and dying? How many of you set milestones? I do. I was taught that when we set goals and write them down we are more likely to achieve them (there’s probably a really good statistic that could go here, but I don’t know it). I took that lesson to heart and now scribble new goals and pin them to my fridge whenever I can. Setting goals at the office is a near daily affair. We have to break our projects down into feasible milestones to work hard towards, and then go on to the next one. I’ve found setting milestones to be great. They help to channel all our energy into a focused goal.

Not that long ago I burned out. It was a pretty unexpected, and even though I was tired I didn’t see it coming. My experience had always been that when I became tired I would keep working and eventually I wouldn’t feel tired anymore. You know, the whole “push through it” mentality. It worked well enough for a long time until it didn’t work at all.

I have a good amount of respect for my friend who is a solid businessman in my city. One day after chatting with him he asked, “Do you set milestones?” I replied, “Of course we do.” Almost surprised by his question. They he responded, “Do you take time off when you achieve them?” I had nothing to say. The thought of taking time off to celebrate an accomplished milestone seemed wrong and counter productive. I grew up thinking that celebrating milestones was foolish. Maybe it was my thinking that was wrong?

Bart Simpson punished for setting milestones

Why is it important to celebrate milestones, when we’ve been told that it is a waste of time? If you are an entrepreneur starting your businesses the only thing keeping you moving is you. When you get a little bigger, it’s you and your team. But ultimately, if you go down so does the ship. What I’ve quickly come to learn is that when we celebrate milestones we recharge. Celebrations make the accomplishment real and reinforces the feeling of satisfaction from achieving our goals. It boosts our energy and our entire teams’ moral. However, when we immediately begin working toward our next milestone without taking time to appreciate the accomplishment of the first, the opportunity to recharge our energy can be lost. That’s fine at first, but not forever.

Sometimes we need to break from old school business mentality and create a fresh way of doing business. As Abraham Lincoln stated, “…It’s not the years in your life that count, it’s the life in your years.” So with that in mind today I am excited to announce the one year date of this Blog. Milestone reached! A year ago, to this day I published this article Life lesson #1: What do you need to do to succeed in business? You need to be inspired. Thanks for your support visiting this site. I appreciate all the comments and feedback I have received. Let me know what you think!

Categories
On Business On Leadership

What do cocoa beans and leadership have in common?

Cocoa Beans
photo from http://whiteplate.blogspot.ca/

I have a colleague who is passionate about chocolate. But not just passionate about consuming it, but radically passionate about where he is consuming it from. I discovered this passion one day after giving him a Mars bar. For the next two days the bar sat unopened on his desk until he could determine without a shadow of a doubt that the cocoa beans were not purchased from plantations that involved child slavery. He could not, and the chocolate was politely returned to me. An interesting conversation followed about the horrific world of child-slavery and African cocoa beans.

The thought that our everyday choices could be impacting the world around us is unnerving. As a business owner I am out there creating products, in my case it is web products, whereas you might be creating products in an entirely different space. And from my perspective the thought that is even more unnerving is that we are relying on consumers to make the ethical decisions. Are we creating a product that is ethical? Or are we making a product that makes it really easy to be unethical? Like the tasty chocolate bars fuelling child slavery. (Not all chocolate bars are made from plantations using child-slavery and Mars Bar may not use child-slavery either).

Some people don’t care about this. I’ve heard the following statement just a couple weeks ago, “First make money, then care about making the world a better place.” I wrote another post on the 10 traits of a leader, which is a summary of a talk given by Dave Olson. One of the points is that you can look around a room and see the leaders by observing where the buck stops. Who is taking responsibility for the problems and doing something about them. That is the leader. When we create products we often avoid the awkward questions and pass the responsibility onto either the consumer or the factory managers? We have the ability to empower people to make good decisions by giving them good products. However, if we aren’t taking responsibility for our product lines then we aren’t being leaders.

With the web we have a huge opportunity to use technology to empower the individual to shape one’s own self. Let’s give people more of the good choices. Let’s be leaders.

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On Business

When luck meets learning is the outcome different?

When luck meets learning
Photo by Michellis

I’ve had a crazy week. Steve, Angela and I have been asking ourselves very important questions like, “What are the needs of our customers?” And we have struggled to come up with definitive answers. Last friday we sat around our boardroom with beers and taco chips hashing out the different layers of our customers needs. It was both fun and frustrating. After 2 hours our meeting had come right back to the beginning and our questions remained unanswered. The truth is we weren’t confident we had nailed it.

This week I attended the GrowTalks in Vancouver with Steve. It doesn’t take a genius to become successful, that’s something I’ve learned over the last three years running a startup. What it takes is the ability to remain focused and apply the good things we learn along the way (and a little bit of luck). Our 48 hours in Vancouver at Grow was a mix of learning and luck. The first speakers of the morning came out, they were fired up and told everyone in the audience that they were inspiring leaders, in fact they were visionaries.  *Cough, then they spit out what they really thought. “You are not visionaries!”

The crowd kind of laughed awkwardly, hoping they were kidding, but then fell silent after realizing they were not. I loved it, they caught my attention and I knew the day was going to be good. The next speaker spoke about UX/UI. Well she spoke about User Experience actually, and not very subtly drew a line in the sand arguing persuasively that User Experience was very different from User Interface and must not be confused as such. Right now there are UI/UX bloggers rolling over in their graves, I mean their beds, towards their keyboards to differ.

But quickly as the day progressed the talks began hitting closer and closer to home. They were discussing how they had solved the very questions we were struggling to answer. I had this uncomfortable feeling that either every speaker was secretly spying on us and planned everything they were going to talk about by watching what we were doing, or every single company in the room was struggling with the exact same problems we were. Neither conclusion seemed very reassuring. Either we were unique and naked or we were similar and uninteresting. In the end it didn’t matter. What mattered was that we lucked out. We were privileged to be in a room with people willing to talk about how they had solved the very problems we were facing.

There is something magical when luck and learning line up. Ultimately, though this magical week of learning would be useless if we did not apply it. Upon arriving back in the office today, Steve and I shared our new found insights with the team, drew up a simple strategy based on what we had learned from the conference and started executing. It’s true, I’m not lying. We have drawn up a two week discovery strategy and have already started implementing it. After many attempts at trying to implement status-quo shattering strategies we have discovered that habits form quickly, but significant shifts in behaviours and patterns only take place when we are intentional about executing the strategies we form. Learning is great, but it is useless unless we apply it. We, as a team, don’t want to be the hard ground that good words fell on and then died. For soil to grow good crops the seeds need to be planted and the work needs to be done.

Categories
On Business On Companies

The 10 commandments of Steve Jobs

The 10 commandments of Steve Jobs - infographic

I recognize the “commandments” as summaries from the book Steve Jobs by Isaacson. It’s an interesting book, I would recommend reading it if you have the time. I wrote another post about some of the takeaways that I thought were worth sharing from the book. Overall it’s an interesting snapshot into the life of Steve Jobs. Infographic source: OSXDaily

If you are interested, here are some great Steve Jobs quotes.

Categories
On Business On Leadership

Business lessons from Steve Jobs

Recently I read the book Steve Jobs by Walter Isaacson. As I was reading I found myself taking notes, jotting down some of the thoughts, quotes and actions that really struck me as interesting. Other than his enormous ego and insensitivity, one of the things that stood out to me was how Steve Jobs really engaged with many so many different elements and levels of business and life and didn’t spend much time separating the two. For Steve design, ethics, self, peace, success and spirituality really needed to be understood together to be understood at all.

Steve JobsThere are few people who have ever achieved the dramatic successes Steve Jobs did. It’s probably a good idea then, if you are building a company, to studying some of the insights Steve understood naturally. Some of these were his own thoughts, others he garnered from his mentors.

Want to build a great company? Focus on the basics and do them really well. Great products, great marketing, great distribution.

Steve’s dream was to build a lasting company. Something he learned from Hewlett Packard was that lasting companies know how to reinvent themselves. To remain successful a company must be flexible and creative, not afraid of change.

When coming back to Apple he had a massive task ahead of him. Rebuild a failing behemoth. The chance of success was extremely narrow. Looking at all the products the different teams were building he saw their problem. There was no focus. He simplified the product line.

The way a company is organized is important. Both in structure and in the physical layout. At Pixar he created one large space with all the offices joining onto it. The space helped create community and collaboration. People from different departments who would otherwise never meet, bumped into another in the shared space. As Steve Jobs said, “The best innovation is sometimes the company, the way you organize a company

Steve understood that for an innovative company to succeed it had to communicate, connect, with customers. The iPod was successful because it could communicate an understandable message, “A thousand songs in your pocket.” Steve spent hours labouring over the message behind the product. Steve argued, “You can’t win on innovation unless you have a way to communicate to customers.”

Steve also understood that great design was essential for great marketing. From his early mentor Mike Markkula Jobs was taught that “people do judge a book by its cover. ” Apple created the packaging of their products to signal that there was a beautiful gem inside. By creating a ritual of unpacking the product feels special.

But for Steve Jobs, good design didn’t end with the packaging. Right from his earliest days with Apple he was incessant about the design of their products. Even the way the circuit boards were designed. They were building excellent products that were well crafted from the inside out. The engineering and design needed to be excellent. This contributed to Apple’s culture of excellence.

There was another reason that Steve laboured over product design as well. He understood something the majority of technology companies miss. Human nature. As Jony Ive said, “Why do we assume that simple is good? Because with physical products we have to feel we can dominate them. As you bring order to complexity, you find a way to make the product defer to you.” As we simplify objects, especially technology, they become less intimidating to users and perceived to be more accessible, more conquerable.

Steve understood the basic principle that for his company to create the best, to be the best, it must be filled with the best. He was passionate about only hiring the best and brightest, “A players”. He believed that the best and brightest get annoyed working with anything less, so they in turn hire the best and the brightest. There is a natural quality control that takes place. However, B and C players have a feeling of inadequacy and therefore hire C and D employees to ensure that they look better. So Steve filled Apple with A players and frequently challenged his employees to ensure they remained A players.

Finally, Steve understood that for a company to be successful, its leaders must see the big picture, but be passionate about the details and products. He accounted this as his failure when hiring, John Sculley, as Apple’s CEO. John got the big picture but didn’t care much about the products the company was creating. However, Steve Jobs praised members of his team that did. “He get’s the big picture as well as the most infintesimal details about each product. And he understands that Apple is a product company.” Steve Jobs said about Jony Ive.

Steve was a brilliant man, and we will miss him. But fortunately because of books like Steve Jobs, by walter Isaacson, many of his thoughts live on.

If you are interested, an article I wrote about Steve Jobs’ view of Passion and Business is here. It continues to be the most read article on this blog.

Also, here are some great Steve Jobs quotes.

Categories
On Business

Life lesson #2: Passion is not a luxury.

Steve Jobs quote

My first post for this blog was about inspiration and why I believed it was necessary for success in business. The other day I was watching some videos of Steve Jobs on You Tube talking about business success. In the interview he stated that passion was the ingredient that sustained successful people until they had success.

Achieving success is hard. Ask anyone who has played sport competitively, or tried to change the minds of people in a team or politics. It takes a lot of work and a lot of perseverance, and often times, in business it seems like it takes more perseverance simply because the goal is new and untried.

So passion is not a luxury anymore if you are an entrepreneur and you want to succeed. I’ve often believed that its good to love what you do, but haven’t really taken much time to think about the implications of loving what you do. It means that when the hurdles and challenges come, you have more than will-power motivating you to continue. It means that when your big sale fell through and you can’t pay yourself for a second time in two months you have more than will-power motivating you to continue. It means that when you can’t see the crest of the hill but believe in what you are doing you have more than will-power motivating you to continue.

“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” Steve Jobs

I don’t know what challenges you might be facing in your business, but I hope that you will persevere. If anyone is reading this and has a story about perseverance please leave it in the comments below. I would love to hear it. 

If you are interested, here are some great Steve Jobs quotes.