My guest Nick Lopezzo, Director of Marketing for Gatorade, offers a master class on marketing, aka brand building. His most recent work includes a marketing campaign that's an homage to Serena Williams, narrated by Beyonce, that has been critically acclaimed worldwide.
Because many people don't have a background in marketing, they wrongly think marketing is just advertising, and they launch their company with no marketing at all. Then once they're down the road a ways and they're having a hard time scaling their business, they discover that they need marketing; and they've needed it for a while. Marketing, done right, is the revenue driver for the business. It identifies strategic opportunities for growth, and the most efficient way to go get it. Put another way, launching a company without marketing is throwing spaghetti against the wall and hoping something will stick. And hope is not a strategy.