5 Elements to Consider When Naming Your Business

A recent study among small business owners in the United States, sthow that the most stressful thing about starting a new company was not manufacturing of products or advertising to customers, but coming up with a name for the small business. Entrepreneurs spend weeks and even months trying to develop the perfect name.

Along with the Ingredients and Qualities of Good Brand Naming, Brand Naming Tips or Myths presented here before, here is a list of some other five things to consider when choosing a name for your business of product:

Length

The length of the name you choose for your small business is paramount to how well your prospective customers perceive it. A short name might be more difficult to brand, while a longer one will be difficult to remember and to promote. It is best to keep the name of your small business to three words or fewer, if possible.

Logo

Ideally, the name you choose should be easily turned into an identifiable logo. Your logo – even more than your name – will be the symbol with which your customers will readily identify your small business. The name of your small business will become synonymous with that logo, and you should be able to come up with a name that can be translated into a logo.

Made-Up Words

Many of the world’s most successful companies have thrived under a name that never existed before the business. While this can turn into a powerful marketing tactic, stay away from made-up words that will be difficult for your customers to pronounce or spell. You want your small business to be easily found on the Internet, in the Yellow Pages and on advertisements.

Research

Before you head for the line at the DBA or begin the incorporation process, research the name you have chosen for your small business and be sure that there isn’t a likeness in your industry. For example, “Tom’s Pictures” might be a name that you have come up with for your photography business, and it is certainly descriptive. But if “Tom’s Prints” sells pictures and frames down the street, you will have a hard time overcoming the confusion.

Connotation

You’ll want the name of your small business to convey the atmosphere and philosophy of your business.

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