HOW TO NAME A BUSINESS

INTRODUCTION
Starting a business takes time, preparation, and hard work. First you need to decide on the type of business you want to establish and then go through all the legal steps to start its new life.

STEPS INVOLVED IN SETTING UP A BUSINESS
Decide on a company name that will be easily remembered yet not too common. The name can be something catchy that people will remember without being too “cutesy”.

The next step is to obtain a federal tax identification number through an accountant or company that specializes in this service. They will search the company name to ensure that it is not already being used, set up the company to pay quarterly or yearly taxes, and can also incorporate the company,

The federal tax identification number is needed to open one or more business accounts at the bank for the new business.

Advertising is very important in starting a new company. Business cards and flyers can be produced by the local printing company, office supply store, companies found on the internet, or by utilizing computer software to make your own.  Post business cards and flyers on bulletin boards in post offices, grocery stores, and hardware stores. Newspaper and phone book ads will advertise the new company to many areas. Lettering the company name and phone number on the work truck, van, or vehicle are also excellent ways to advertise the new business. A mascot or catchy slogan could be incorporated in the advertising and might make people remember the company by the mascot or slogan.

Proposals, invoices, letterhead, and envelopes can be printed by the local printing company, office supply store, companies found on the internet, or by utilizing computer software to make your own. The mascot or slogan could also be utilized in these documents.

Business liability insurance and worker’s compensation coverage is a good selling point to prospective customers and safeguards the new business, too.

Decide on the vital equipment that is needed to run the new business. An answering machine, fax machine, and computer are almost always necessary. The answering machine message should include the company name and phone number. Setting up a business email address and possibly a website could also be helpful. Depending on the service to be offered, physical inventory may need to be in stock or work vehicles may need to be purchased.

Keep a pen and paper near the phone. When a customer calls, answer the phone using the name of the new company. Obtain the customer’s name, address, phone number, and the work needing performed. Perform the service in a timely manner. 
  
CONCLUSION
Don’t get discouraged while starting your new business. Be sure that the business you start will be given all your undivided attention to make it a success. If employees are to be hired, be selective and make sure that they work to establish a good reputation for the new company. It may take a few years before the new owner sees a profit. Usually the first five years are spent getting a client base and getting the company name out to the public.  All the hard work will be worth the benefits down the road especially when you hear your company name being passed by word of mouth due to the excellent service you offer.HOW TO NAME A BUSINESS
INTRODUCTION
Starting a business takes time, preparation, and hard work. First, you need to decide on the type of business you want to establish and then go through all the legal steps to start your new life.

STEPS INVOLVED IN SETTING UP A BUSINESS
Decide on a company name that will be easily remembered yet not too common. The name can be something catchy that people will remember without being too “cutesy”.

The next step is to obtain a federal tax identification number through an accountant or company that specializes in this service. They will search the company name to ensure that it is not already being used, set up the company to pay quarterly or yearly taxes, and can also incorporate the company,

The federal tax identification number is needed to open one or more business accounts at the bank for the new business.

Advertising is very important in starting a new company. Business cards and flyers can be produced by the local printing company, office supply store, companies found on the internet, or by utilizing computer software to make your own.  Post business cards and flyers on bulletin boards in post offices, grocery stores, and hardware stores. Newspaper and phone book ads will advertise the new company in many areas. Lettering the company name and phone number on the work truck, van or vehicle are also excellent ways to advertise the new business. A mascot or catchy slogan could be incorporated in the advertising and might make people remember the company by the mascot or slogan.

Proposals, invoices, letterhead, and envelopes can be printed by the local printing company, office supply store, companies found on the internet, or by utilizing computer software to make your own. The mascot or slogan could also be utilized in these documents.

Business liability insurance and worker’s compensation coverage is a good selling point to prospective customers and safeguards the new business, too.

Decide on the vital equipment that is needed to run the new business. An answering machine, fax machine, and computer are almost always necessary. The answering machine message should include the company name and phone number. Setting up a business email address and possibly a website could also be helpful. Depending on the service to be offered, physical inventory may need to be in stock or work vehicles may need to be purchased.

Keep a pen and paper near the phone. When a customer calls, answer the phone using the name of the new company. Obtain the customer’s name, address, phone number, and the work that need to be performed. Perform the service in a timely manner. 
  
CONCLUSION
Don’t get discouraged while starting your new business. Be sure that the business you start will be given all your undivided attention to make it a success. If employees are to be hired, be selective, and make sure that they work to establish a good reputation for the new company. It may take a few years before the new owner sees a profit. Usually, the first five years are spent getting a client base and getting the company name out to the public.  All the hard work will be worth the benefits down the road especially when you hear your company name being passed by word of mouth due to the excellent service you offer.