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How to Come Up With The Right Name For Your Start-Up

How to Come Up With The Right Name For Your Start-Up

What’s in a name? According to Shakespeare, “a rose by any other name would smell as sweet”, but does that apply to companies?

Not really. Successful companies tend to have memorable, simple and effective names, and for good reasons. Names are the first thing people encounter when they are introduced to a company. They are interpreted as a symbol of the company’s underlying quality. They are also an essential tool to create a lasting impression.

All of this makes it important to find a name that serves your company well. Here are some tips on how to come up with a corporate identity that lasts.

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Come Up With A Name That Communicates Who You Are

Your name has to reflect what drives your business. For customers, names are important. When they purchase goods or services, they want to know that the company they are buying from is serious about what they do. That doesn’t mean picking a bland, boring name. But it does mean foregrounding what makes you special. So think about coming up with a name that reflects your core values, not just a flashy, catchy name that is easy to remember.

Stay Memorable With The Right Company Name

Having said that, it’s important to come up with a memorable name. Sometimes it seems that having a short, snappy name is the only reason start-ups exist. Everywhere you look, there are companies with names like “fuzzle”, “bangle” or “zoopla”. Short, punchy names work well, as does an element of strangeness. Anything that can burrow deep into the minds of site visitors and passers-by on the street will work well, so think about adding a quirky touch to your company name.

Take A Direct Approach for Straight-Forward Communication

For others, a more direct, straight-down-the-line approach could work wonders. If you work in a business like plumbing, home redesign, landscape gardening or pool cleaning, customers probably won’t be impressed by a quirky name. Instead, they might respond better to something concrete, simple and direct. Names like “Outstanding Gardens” may seem too basic, but they do get the message across. With a creative logo, the plainness of the name can actually create an impressive effect.

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Consider the Long-Term to Create a Brand That Lasts

Think about the medium to long-term as well. You want your company to be around for 5, 10, even 20 years, so coming up with a name that reflects where you want to be in the future is a fundamental key to success for your business. Some ways of wording names suit large, successful companies that reach out to richer clients. Others try to retain a homely feel (like Walmart) by stressing a family identity. Either way, pick a name that will sound sensible and catchy when success is in your grasp.

Make Your Company Name As User-Friendly as Possible

Think about how your name will be used by people as well. This is something that companies often forget about, but it’s fundamental. Good company names should roll off the tongue. They should be easy to say, and easy to spell. If people can’t spell your business properly, it can have a huge negative impact on your search ranking. If they can’t say it, they will be less likely to remember it.

Make your name as user-friendly as possible. Little things like that can have big dividends. In a world where voice search is becoming more crucial, making your name easy to pronounce can also be a big plus for search engine optimization.

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Go For a Localized Approach and Create Roots in Your Community

Another strategy is to go hyper-local and come up with a name that connects your company to the local history. If your town witnessed a crucial battle or it was the site of a world-changing invention, you could incorporate that heritage into your name. By anchoring your identity in the long-term history of a community, you can instantly gain credibility and the impression of having deep roots. That can go a long way towards creating trust among local customers, even if you are, in reality, nothing but a start-up.

Names Matter, So Don’t Rush Your Selection

Spend a little time brainstorming potential names. In fact, spend as much time as it takes to come up with something that ticks all the boxes. It should be short, simple, easy to remember and in some way reflect your core values. It might be a little quirky, it might be straight-forward, and it could be linked to the local community.

Time spent coming up with the right identity will be rewarded, and the last thing you need is an expensive rebrand a few years down the line. It might be simple, but there really is something in a name, and it takes some creativity to find the right one.

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Featured photo credit: istockphoto via istockphoto.com

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Last Updated on August 20, 2018

Quit Your Job If You Don’t Like It, No Matter What

Quit Your Job If You Don’t Like It, No Matter What

Do you know that feeling? The one where you have to wake up to go to your boring 9-5 job to work with the same boring colleagues who don’t appreciate what you do.

I do, and that’s why I’ve decided to quit my job and follow my passion. This, however, requires a solid plan and some guts.

The one who perseveres doesn’t always win. Sometimes life has more to offer when you quit your current job. Yes, I know. It’s overwhelming and scary.

People who quit are often seen as ‘losers’. They say: “You should finish what you’ve started”.

I know like no other that quitting your job can be very stressful. A dozen questions come up when you’re thinking about quitting your job, most starting with: What if?

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“What if I don’t find a job I love and regret quitting my current job?”
“What if I can’t find another job and I get in debt because I can’t pay my bills?”
“What if my family and friends judge me and disapprove of the decisions I make?”
“What if I quit my job to pursue my dream, but I fail?

After all, if you admit to the truth of your surroundings, you’re forced to acknowledge that you’ve made a wrong decision by choosing your current job. But don’t forget that quitting certain things in life can be the path to your success!

One of my favorite quotes by Henry Ford:

If you always do what you’ve always done, you’ll always get what you’ve always got.

Everything takes energy

Everything you do in life takes energy. It takes energy to participate in your weekly activities. It takes energy to commute to work every day. It takes energy to organize your sister’s big wedding.

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Each of the responsibilities we have take a little bit of our energy. We only have a certain amount of energy a day, so we have to spend it wisely.  Same goes for our time. The only things we can’t buy in this world are time and energy. Yes, you could buy an energy drink, but will it feel the same as eight hours of sleep? Will it be as healthy?

The more stress there is in your life, the less focus you have. This will weaken your results.

Find something that is worth doing

Do you have to quit every time the going gets touch? Absolutely not! You should quit when you’ve put everything you’ve got into something, but don’t see a bright future in it.

When you do something you love and that has purpose in your life, you should push through and give everything you have.

I find star athletes very inspiring. They don’t quit till they step on that stage to receive their hard earned gold medal. From the start, they know how much work its going to take and what they have to sacrifice.

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When you do something you’re really passionate about, you’re not in a downward spiral. Before you even start you can already see the finish line. The more focus you have for something, the faster you’ll reach the finish.

It is definitely possible to spend your valuable time on something you love and earn money doing it. You just have to find out how — by doing enough research.

Other excuses I often hear are:

“But I have my wife and kids, who is going to pay the bills?”
“I don’t have time for that, I’m too busy with… stuff” (Like watching TV for 2 hours every day.)
“At least I get the same paycheck every month if I work for a boss.”
“Quitting my job is too much risk with this crisis.”

I understand those points. But if you’ve never tried it, you’ll never know how it could be. The fear of failure keeps people from stepping out of their comfort zone.

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I’ve heard many people say, “I work to let my children make their dream come true”. I think they should rephrase that sentence to: “I pursue my dreams — to inspire and show my children anything is possible.” 

Conclusion

Think carefully about what you spend your time on. Don’t waste it on things that don’t brighten your future. Instead, search for opportunities. And come up with a solid plan before you take any impulsive actions.

Only good things happen outside of your comfort zone.

Do you dare to quit your job for more success in life?

Featured photo credit: Unsplash via unsplash.com

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