What's in a Business Name?
I seem to spend a lot of time thinking about business names, all part of having a under occupied fertile imagination! However, when it comes to naming a business of my own my creativity comes to a full stop.
Unless you are fortunate enough to own a business such as virgin, eBay or Coca Cola many small businesses remain invisible to most of the world. Almost everyone living in Britain knows that M & S sells knickers, not because their name suggests it such as the Tie Wrack did, but because they have money to spend on national advertising campaigns.
My previous boutique was named Kit and Caboodle. I thought this was a name that explained the business 'kit' as in clothes and Caboodle 'everything else' an explanation for all the shoes, hats and accessories that we sold. This is per the dictionary definition of caboodle. Quite a few people thought the shop was a sewing shop - why I am still not sure?
So as I prepare to name my new business, I am thinking what is the status quo? Should a SME business name say what the business does, such as 'Design Nation' an interior design company. Or should the name just be something catchy, or trendy such as 'Purple Rinse' a shop selling retro clothing and music. Perhaps the name should include the address such as 'Bath Road Market', in Cheltenham. Louisa's Funky Vintage & Craft Fairs includes my name in an attempt to make the business personal, so that people can associate the business to a real person.
But does any of this matter?
I can understand that 'Shaky Hands' wouldn't be a good name for a hairdressers or barbers shop or a business name such as 'Colour Blindness' wouldn't enlist trust in an electrician or interior designer,
But just how much impact does a SME business name have?
Will a business name that includes the address signpost more people to the business, yet it may say little as to what the business does or sells? Should the name include what type of business it is? Should it include 'buzz' words that might date quickly?
It is beginning to feel to me that the area of business names could encompass a whole field of sociological / psychological study. But for now I am in need a name for my business, that perhaps should include what the business does, where it is and something catchy and trendy!
What do you consider a good business name? All suggestions and thoughts are welcome.
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