Blogs

Table of content

• Why your business name is just as important as its operations.
• It portrays your distinct position in your industry 
• Conclusion

It’s difficult to succeed as a micro business. To establish a new venture and keep it going for a long-term takes a tremendous amount of work. According to the survey done by U.S. small business administration only a quarter of new businesses with employees survive past the 5 year mark. 

That arduous introduction didn’t mean to dishearten your spirits. It simply serves to underline the essence of every decision an entrepreneur makes. That begins at the very pitch of forming a company as well. Before you think of funding phases or even stock up. 

At the end it all begins what business name you choose. 

Selecting  a business name is  not a small task. a perfect name must be devised. To get you rolling on that perfect crease let’s delve into simply what’s in a business name? we’ll take you step-by-step through the process of finding the ideal one for your company. 

Why your business name is just as important as its operations. 

- Nobody sets out to elevate a building on weak foundations. If you don’t give your business the best name, that’s exactly what you will be doing. 

Here are the top trio reasons you need to give proper attention to the naming process.

That is the first thing customers has eye upon -Name is the fundamental aspect to your organization, no other asset plays a vital role in functioning. Your brand name will headline your mode of advertisements and your domain name is what consumers must type out to check out the online presence of your business. Because as mentioned, the first impression creates magic. 

Everything is summed up - In a nutshell it says everything about your business, your products, services, more than that it convinces the customers that you are the company they have been looking for!

It portrays your distinct position in your industry - Unless you are an ardent innovator who’s invented your own niche, definitely you are going to have competitors around. The best business name helps brands stand out from the crowd, and it displays trust, expertise and authority within any industry. 

As you now know why having a good business name is essential , there may arise a question how to find one. The subsequent 5 steps will offer you the best chance of curating a great business name in the very first place. 

1. Business name must  be Brainstormed

2. Enlist the best name

3. Naming rules for business structure

4. Check business name availability

5. Business name must be registered

Before you decide with a perfect name there must be options enlisted, sit down either alone or with your trusted advisors, and let the juices flow

A Word Dump

 It all starts with what your business is all about and your potential customers must know. So why not begin with jotting down all the words you can think of that are relevant to your industry and brand. 

Use a thesaurus

 The next step is intuitive but clinging to us. it's time to add more to your long list of words. It ensures that you have left no stone unturned in brainstorming and searching for the perfect business name/idea.

Conclusion

So what’s in a name? As it turns out, there are a lot of things. Your sweat built company name is your primary point of contact for your potential customers. Hence if I try to create a very good first impression. incase if you miss it, it's tough to recover. 

And these tips and ideas mentioned in this blog will assuredly be an aid to get the perfect and unique name for your business.