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Powerful Brands Are Built on 4 Key Groups [Invest Smartly]
A powerful brand builds trust and loyalty with its customers. Most people think that a brand is only the connection between the customer and a brand. When it comes to investing, that thought becomes a dangerous proposition.
There are plenty of examples of supposedly powerful brands that crashed and burned. If you had invested in one of these companies, your money would have floated upward in the hazy smoke. As an investor or an individual who builds a business, your customer is essential to your brand. Other critical components are the management, employees, communities, and investors. Successful companies communicate effectively between these five groups. Sometimes we forget that a company is no more than a group of individuals. When all these individuals trust the company, the brand power grows.
"""Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience.""
--Red to Black Podcast
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