The first people most small business owners turn to when trying to name (rename?) a business is family, friends and colleagues. That could be a big mistake for your small business.
Why? Those people know and love you and have a tough time being objective and providing candid feedback.
The best place to test out your new name is with your target market. You might remember two recent posts — Naming Your Small Business Can Make It or Break It — and Is Your Business Name Important on this same topic.
Well, I just got the question again. This small business owner identified her core business as a childrens consignment shop along with a variety of peripheral products and services. Then she offered a brainstormed list of potential names — several incorporated her name into the title.
Here’s what I told her.
Don’t try to be all things to all people. Select your name based on your core business, then you can add peripheral services.
If your core business is a consignment shop, then you need to laser in on that audience to determine your company name. Finding the right niche, focusing on it and then adding on the complimentary services will take you a lot further than trying to find a name that fits everything you are trying to do.
Given that, narrow down your names to your core business focus. Then select from there.
Side note: I don’t recommend you use your name in your business name. It really means nothing to your target market (although it may mean a lot to you!).
What do you think? Is it appropriate to use your name in your business name? When and why?
About Denise O'Berry
You’ve also got to take into consideration the fact that you need to choose a name that is readily available as a domain name. Business.gov offers some tips to help business owners select and register domain names here: http://business.gov/start/online-business/
Thanks Caron. I’m not in total agreement with the domain name driver. I don’t think it’s a deal breaker at all and some people would make poor naming choices just so they could get a domain name to match. Not a good idea. I coach people to think more in terms of WIIFM when they choose a domain name. For example, my company name is The Small Business Edge Corp. which is way too long for a domain name. So when I got on the web years ago, I secured the domain whatspossible.com because the company was all about what’s possible in small business. The key is to find a balance between company name and domain name and always (ALWAYS) consider your target market in the decision.