What really are your values?
Jonathan Leafe
Helping Agency founders formulate plans for their successful futures. From someone who’s been there and done it and exited successfully.
At the heart of a great strategy are company values. They are, quite simply, what make you who you are.
Values are not something that a marketer makes up, or something that sounds good to your employees. It’s what you live and breathe. In essence, it’s your ‘brand’.
They need to be nurtured and celebrated. They are the glue between your company’s teams and they’re also what your customers rely on when they interact with you.
Values need constant attention to ensure that nothing drifts or changes which could have a damaging effect, or even a terminal one.
When something does go wrong, it can be spectacularly bad news for businesses, with harmful effects for your customers, your employees and your stakeholders. The banking collapse of a decade ago is a prime example to take note of here.
Often values come second to profit - but they absolutely shouldn’t. The business culture in such countries as Japan, China and India is to have companies which are still based on the values of their founders. These are views which have been held for many years, which in turn build long-term value and longevity. By contrast, choosing to chase the profit instead leads to short-term gains at the expense of long-term prosperity.
I ran a successful creative marketing company for 28 years. There, I generated a culture based on my values. During my time at the agency, I must have turned over a total in the region of £35 million, whilst also offering employment to 40 people at a time along the way.
During those 28 years, I established a number of key values and practices:
- I never had contracts with clients - they could leave when they liked.
- My word was my bond.
- I always did what I said I was going to do.
- I tried my very best at all times for our clients.
- I treated their money as though it were my own.
- I nurtured a team that had the same focus as me.
I have also always held very strong values about supporting young people. Out of the team of 40, well over half had started their careers at Strawberry as either a graduate or an apprentice. I supported them with the belief that if they held the right attitudes and mindset, their skills would catch up soon enough.
If one left, I would take great pride in the knowledge that they had started their careers with us. It felt as though we were creating an army of advocates and ambassadors for the company. To this day, I’m still in touch with many of them.
We even set up a smaller sister company called StrawberryToo, that only employs first job graduates and apprentices. Needless to say, in the three years it has been operating it’s been a tremendous success.
Our culture was projected outside the organisation too:
- We supported local, business-focussed organisations - either with sponsorship or ve still got good relationships with most of the other great agencies in the area, a region in which we earned respect and a reputation in line with our values which are now ingrained.
- Finally, as had long been planned, I handed over the business to two directors that had been with the company, one for over 20 years and the other for over 10. I felt that the culture I had developed in the team allowed this to happen seamlessly and left the new shareholders with the best possible opportunity to have the same success I had personally achieved.
- I hope that Strawberry continues to be curated and nurtured for the next generation. If this happens then I’ll be absolutely delighted.physical support.
- We supported charities and schools with cash, mentoring and pro bono work.
- We provided 48 weeks of work experience to secondary school students aged between 15 and 17.
- We provide paid internships to graduates.
Did it work? Yes. Strawberry was and still is the largest full service agency to come out of Hull and East Yorkshire for nearly 40 years. It’s grown in every year of its nearly 30 year existence and has made a profit every year.