How To Choose A Business Name

Written by BB Lee


How To Choose A Business Name by BB Lee (c)2002

(500 Words)

Choosing a name for your home business is often a hard task for many new entrepreneurs. They want a cutesy catchy name that will get attention. But, alas, that cute catchy name might sound nonsensical and turn off potential clients looking forrepparttar services of an established, reliable, professional.

THINK ABOUT IT!

Your business name will have it's own identity. It's own bank account. It's own checking account. It's separate bills. It's own reputation.

So, in fact you are creating a brand new Identity with it's own' UNIQUE circumstances. Take this into consideration when choosing your business name.

Most business experts believe you should choose a name that expresses what your business is about. Therefore, if your name is Mike and you are a auto-repair man. You would call your business "Mike's Auto-Repair Service. Or if your name is Bonnie and you were a hairstylist, you might call your business "Bonnie's Hair Design. Our friend Artie is a free-lance web designer. Who's well known for his speed and accuracy. A good name for his business might be "Artie's Rapid Web Design. Any one reading his business card or Ad would know immediately what his business is about.

Onrepparttar 106240 other hand you want to select a name that will not tie you down. Many entrepreneurs start out in one business area and wind up in another direction. Say you are like our friend Artie who started out designing web-sites for new businesses Online. Later on, Artie decided to teach web design and write ebook tutorials. Our friend Artie could easily expand his services and keeprepparttar 106241 original business name because it was general enough to fitrepparttar 106242 new direction his business took.

Business Plan Calendar

Written by Dee Power


Develop a calendar forrepparttar target dates for completion ofrepparttar 106239 business plan by segment. 30 days is a reasonable amount of time to complete your plan. Most business plans take between 40 to 120 hours to complete. Allow two weeks for others to reviewrepparttar 106240 plan and give you their suggestions for improvements and then an additional week to incorporate those improvements into your business plan, and for a final read through and proofing.

You can work on more than one part ofrepparttar 106241 business plan atrepparttar 106242 same time. You can research say, competition while you writerepparttar 106243 industry section.

Assuming you startrepparttar 106244 business plan on October 1, your calendar could look something like this:

October 1 Day 1 Start Business Plan and Business Plan Accomplishments Calendar

Day 2 Begin Industry and Economic Review Research

Day 4 Complete Historical Background ofrepparttar 106245 Company Section You already know most ofrepparttar 106246 information aboutrepparttar 106247 historical background of your own company, it should be a matter of consolidatingrepparttar 106248 information, editing it and then polishing. You can probably write this in just a few hours.

Day 6 Complete Industry and Economic Review

Day 7 Begin Competition Analysis Research

Day 9 Complete Management Section Most entrepreneurs know who their management team will be, or what gaps they have in their management team, so this section is relatively easy.

Day 10 Complete Business Model Section Again, you should have this pretty well defined just by having determined that you?re going to startrepparttar 106249 company.

Day 11 Begin Research to determine pricing, costs, and processes forrepparttar 106250 product section

Day 12 Complete Product/Service Segment The product section is usually one ofrepparttar 106251 easiest for entrepreneurs.

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