Branding is creating a unique identity for a business to differentiate it from competitors. It involves developing an internal and external branding profile to build a consistent brand persona. The internal branding defines the business's core values and mission. The external branding uses visual elements like logo, color scheme, typography and imagery to represent the brand. It aims to connect the brand with strong positive emotions in customers' minds so they recognize and prefer the brand over others. Developing a powerful brand takes consistent application of all branding elements to reflect the business's unique identity.