The Importance Of Giving A Distinct Name To The Business
Viewed: 0 Times

Choosing a name for the new business can be a lot of fun. It is probably one of the most fun activities which an entrepreneur will be undertaking during the difficult time of establishing a new business.

There is a lot of room for personal and professional creativity when it comes to choosing the name for the new business. Before zoning in on a name for the business, the entrepreneur needs to first find out if the selected name is available.

While coming up with a name for the new business, an entrepreneur also needs to decide if the business name will receive trademark protection and if the business will have a website with a similar domain name.

Entrepreneurs need to be aware of trademark law so that they do not choose a name for a business that has already been taken by another company or service. For instance, no new business can use name McDonald's, unless the business is a franchise.

Entrepreneurs also need to come up with a distinct name for the new business. The distinct name is required for Trademark protection. Common or ordinary names such as Smith's Hardware, Tom's Gourmet Sandwiches, and usually do not receive any Trademark protection.

New business owners need to choose the names for the business carefully. While putting together a string of words could become a business name, entrepreneurs don't want to use too many terms that do not have anything to do with the business. Business names that have nothing to do with the underlying product or service offered by the new business often require extensive and expensive entrepreneur marketing efforts to become established.

The best names for a small new business are one that can easily be remembered and associates with the business. It is for this reason that many new business owners use words to suggest quality and services of the product.

Apart from a name for the new business, a logo is also essential. This helps clients remember the product and the services better. In addition, a creative and distinctive name will be entitled to a high level of trademark protection.

Entrepreneurs should also choose names that are easy to spell and pronounce. No one wants to go to a store whose name that they can't spell or invite friends to store the name of which they can't pronounce.

Entrepreneurs should try to pick a catchy name that people will like to repeat. They need to make sure that any images or associations it evokes will suit their customer base. Entrepreneurs should also try to avoid using geographical names as it is easy to forget and difficult to protect.

 Digg It    Stumble It

Related Articles