If you actually get paid biweekly, you may want to base your budget on just two weeks of pay, then use your extra paycheck twice per year to do something special. And remember, don’t try to be everything to everybody with your name.If you are creating a monthly budget, list all sources of income for the month. Find something you love and that will allow you to grow. Geographical Reference + Product/Business TypeĪbove all, have fun playing around with your new business name, do a bit of research and get others involved. Still keen to do it yourself, why not try a few simple formulas used by many to establish their business names? Here’s just a few variations: If you’re struggling, you could look at a business name generator website, there are plenty out there and they’re easy to use. This will also help you to identify which words work best in search engines. A quick way to eliminate business names is to just jump online and type in your short list of names or main words and see what you find. In Australia you can check if your proposed name is available to register as a business name or domain name easily through .ĭo some online research. You’ll of course want an online presence, so this is the time to do a domain name check. Once you have a short list of potential names there’s no point going any further until you check if the name is already registered as a trademark or acquired by another business. It’s a good idea to run any words that are a bit creative through Urban Dictionary, as meanings change with each generation. Remember you have to see, hear and say your business name constantly everyday, so you want to love it. Cake in Latin translates to Placenta, clever as that may be, it probably doesn’t make for a great name for a cake business or any business for that matter! Names using puns or shock value will work for some people, though are often misunderstood or a deterrent to potential customers (depending on the nature of your business). Fancy words for your product can just confuse your customers or even deter them. Just keep in mind that if you’d like to sell your business in the future, a generic name is the better way to go.ĭon’t get too clever, funny or rude. For example Elizabeth Jones might be Betty Bakes Cakes. If you have a quirky name or nick name, run with that. Though family names may seem boring, they are safe and may be a quick way for you to bed down a name for your business. These can make it harder for folk to find you online, cause problems for you when setting up your business (oh the constant explaining) and, lets not get started on what autocorrect is going to do to your head and your customers each time you type in your name! Stick with the correct spelling of the word(z) in your name. We opted for safe and obvious when naming our business, Edible Image Supplies. A business name making reference to what your business supplies is definitely worth considering, and will pop up in customer searches far more readily. For example Rosie’s Creations is quite general, whereas Rosie’s Edible Image Creations gives a clear indication that you’re in the edible image business. Just be careful not to choose a tongue twister. Alliteration, can be very effective in a business name, such as Crunchy Crust for a bakery. You want your name to register clearly and easily in conversation, when answering the phone, on video and the like. It needs to sound good and you should feel comfortable and proud to say it over and over. Here are some tips that may help you get started, or narrow down a long list: Gather a little brains trust, ask for suggestions from friends, family or even potential customers - often those one step removed come up with the best ideas. Names are quite powerful, so working out the right name for your business is time well spent. Choosing a suitable name is one of the first steps in creating your own business identity. There’s a lot to consider when starting your own business.
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