Skip to main content

Choosing the right business name

Hello readers, today I will telling you about choosing your business name. Your business name could help your business achieve growth.

A business name must portray the image you want your business to exude,  choose a name that will portray the image you will want the world to associate with your business A business name must be competitive, as such it must be a name that will be easy to remember and spell so that potential customers can easily recall it whenever they require your services and then can easily find you. All customer not only potential customers need to be able to recall your business name easily so that they can refer other customers to the business.

The business name will always give the first impression, it will let your customers know if you are aware of your business environment and it will also let them know if you are attentive. When the right name is chosen you will only have to explain what you do a little cause the name speaks for it self. However, some researchers believe a business name should be abstract, that way it intrigues potential customers and they are more likely to buy your business products or they might want to carry out a research about your organisation which could lead to a purchase.

A business name must be unique and not be similar to any other business name, apart from the potential mix up it will create for customers it could also lead to legal issues. A business name should not be too long, a name that customers will associate positive feelings to should be used. The name you use must appeal to the customers you want to attract to your business and not just you. A focus group could be used to have a perception about how people perceive the name of the business you want to use.

This page is from my book "Thank you for reading this article. Keep checking out my blog regularly. Cheers!














Comments

Popular posts from this blog

How to Make Money from Gold

We used to operate in a gold standard system in the past, it is common knowledge that we presently operate in a dollar based system.  A system where each country measures the value of its currency against the dollar for the dollar based system and the gold for the gold standard system. The gold used to be a yardstick for measuring the value of a currency, although it is no longer used to measure the value of currencies these days, it has maintained it's prestigious value. Gold a very valuable metal, its prices depreciates at times and appreciates other times, but looking at its trend over 100 years, the prices have always appreciated over 10 years or above. From 2006 to 2015, the gold price per ounce appreciated by 200%, while from 2002 to 2015 it appreciated by 300%. So Long term investors go ahead and purchase gold. You must always pay zakat on the value of your gold when it reaches the nisab which is 87.48 grammes. However, you can give charity (sadaqa) from it. Alla...

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in. When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business. The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system. The SWOT analysis can be used to help y...

The Istikharah Prayer

Hello readers , today I will be telling you about the Istikharah prayer. It is a prayer of guidance. When you want to make a major decision in your life, it is best you seek Allah's guidance. You should always pray to Allah to guide you through the right path in your daily activities. Istikharah prayer is recommended for a major decision such as getting married, starting a business and others. How do you perform the Istikhara prayer? Make two rakats (Nafila). During your first rakat, after reciting Surat Fatiha recite Surat Ikhlas, during your second rakat  after reciting Surat Fatiha recite Surat Kaafirun. After saying Asalam Alaykum Waramatullahi to the right and then the left recite this: "Allahumma inni astakhiruka bi-ilmika wa astaqdiruka biqudra-tika, wa as'aluka min fadlikal Azeemi fainnaka taqdiru wa la aqdiru, wa ta'lamu wa la a'alamu, wa Anta Allamul-Ghuyubi, Allahum-ma in kunta ta'lamu anna  [then mention the thing to be decided] khairun ...