A focus on agriculture and connecting companies with rural producers and consumers has helped Broadhead, a Minneapolis-based full-service marketing communications agency, harvest strong growth.
Dean Broadhead, the company's president and CEO, said the key is doing what he tells clients to do: "Take a stand. Speak with a clear voice. Charge forward."
Those words greet visitors to the company's website and to its offices, where they appear on a mural next to the silhouette of a somewhat menacing bull the appears to be daring you to grab it by the horns.
"That's the whole idea that we have on our wall," Broadhead said. "Stay focused. Don't try to do everything for everybody. Try to own something. That's what we try to do."
The agency's deep rural roots — Broadhead grew up on a Wisconsin dairy farm — have helped it develop a core strength in traditional agriculture, with clients in animal health, fertilizers and farm equipment accounting for 65 percent of its business. The farm focus also has helped to drive consistent revenue growth of 30 percent or more a year, even through the Great Recession, Broadhead said.
"When all the agencies were shedding, we were still growing," Broadhead said. "It's about embracing your vertical and then going wherever that vertical takes you."
In Broadhead's case, it's taken the agency into agriculture-related categories such as food, energy and environmental issues as well as into health, safety and wellness. That success is positioning Broadhead to move into consumer brands, with rural health care a likely starting point, he said.
It also is fueling talks that by year-end likely will lead to new work with local companies that market primarily to other businesses, as Broadhead seeks to add regional clients to go with those on the east and west coasts and in Canada and Mexico.