A great business name can make your new company successful and a poor name will hold you back. So take your time and follow these tips for naming your business successfully.
- Short and simple is best – Aim for a short and easy to understand the name, especially important in today’s fast-paced digital world.
- Reconsider including your business town location because you may move or expand in the future and your location specific name could be confusing and a liability.
- Storyify your name – Because your customers will ask why your company is named as such, have a story. This will help you stand out from your competitors and give your firm personality.
- Speak your intended name out loud to see how it sounds and to be sure it is not too similar to other commonly used phrases.
- Consider your international markets and double check the meanings and translation of your proposed name before finalizing.
- Name your business differently than your personal name so that you can sell it in the future if you decide and to make your business a company not just your job.
- Abstract names can work well. Consider creating a new word for your name.
- Differentiate your name from those in your industry. Compare it to your competitors, because your customers will be doing it.
- Research availability of your new name, search the US Patent and Trademark office for previous trademarks, register your new company name
- Find out if your domain name is available and also if the social media handles are open for facebook, twitter, and Google+.
Courtesy of: The Business Backer
