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.
Well, I just got the question again. This small business owner identified her core business (a children’s consignment shop) and 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 will be the 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?