Posts Tagged ‘ficticious business names’

NAMING YOUR NEW COMPANY … SOME GREAT IDEAS AND TIPS!

Tuesday, October 26th, 2010

Type “business name generator” into a search engine and you’ll discover a number of online tools that purport to help you come up with a catchy new company name. Use these automated tools, though, and you’ll find yourself lulled into a very limited set of naming options.

They’re excellent at combining two words into one or suggesting a second word for your one, then checking with just a click to see which domains are available. However, they offer just a fraction of the name possibilities that a human being can make up. And the human-generated options can be far fresher and more fitting than the computer-generated ones.

As proof, here are ten naming techniques humans can use that computers (so far) can’t.

Ten Naming Techniques Overlooked by Automated Generating Tools

1. Syllable Substitution. A clever naming method takes a known word and transforms it into a cute made-up word with a very different meaning by changing one syllable in it. For instance, we have the word “quintessence,” which we can modify into a sparkling name for financial software, Quantessence. Similarly, if we’re naming a deli that serves Jewish specialties, we can take the Yiddish “nosh” (which means “to snack”) and get Internoshional House. Such names are way beyond the reach of automated name generators.

2. Spelling Variants. Some years back, a search engine called Backrub was looking for a name implying multitudinous, nearly infinite search results. Name generation software contains only a minuscule percentage of the estimated half-million words recognized in the English language, and of those it “knows,” it can’t meaningfully play around with the language. Thus it would never have come up with Google, a misspelling of the obscure word “googol,” which means a 1 followed by 100 zeroes. Backrub renamed itself Google and hurtled into Internet history.

3. Fractured Sayings. Another highly recommended technique for generating interesting company or product names is listing popular sayings related to the subject matter and tweaking them. For naming financial software, we’d list the word “figures,” which might prompt the saying, “It figures.” Modifying that slightly, we’d get It All Figures for the name of the software. Ironically, software itself wouldn’t give us that solution.

4. Literary Allusions. Starbucks, the coffee chain, was named after the first mate of the Pequod in the novel Moby Dick. Likewise, anyone who’s ever read F. Scott Fitzgerald’s classic novel The Great Gatsby would smile hearing about an oceanside café called The Light at the End of the Dock. Yet never in a million years would either of these names come up in a computerized name generation session.

5. Pop Culture Allusions. As long as they’re not trademarked, references to elements of popular culture like songs, games, sports, TV, clothing styles, and so on can serve as sources for names. Thus we have a brilliant name for a simplified cell phone that’s perfect for the over-60 set: Jitterbug. This name could never have been generated from giving keywords like “cell phone,” “simple” and “seniors” to a software program.

6. Historical Allusions. Consider John Hancock Insurance, Franklin Mortgage, Knickerbocker Trust Company and Alexander Hamilton Life, all in the general field of financial services. You need a knowledge of history to understand why those names inspire trust and, for instance, Benedict Arnold Bonds would be a disastrous choice.

7. Puns. Take a look at the creativity compressed into these names: The Lawnranger (garden services), Aquaholics (a dive shop), Melon Cauli (a greengrocer), The Vinyl Resting Place (a record shop), Sew ‘n Sews (tailor shop) and Fleurtations (florist), which all placed as winners or runners up in company name contests run by the Yell Group in the UK. If computers could generate such names, they wouldn’t be running such contests!

8. Nicknames. Automated name generators don’t ask you questions like, “What was your childhood nickname?” And that’s why they’d never come up with Kinko’s, which was company founder Paul Orfalea’s nickname, because of his kinky hair. Ditto for the FatBoy Cookie Company, whose owner was called FatBoy as a kid.

9. Complete Fabrications. Random combinations of letters give us weird names that look and sound like computer-generated names. But I haven’t seen a name generator program that can spit out only unique names that can actually be pronounced by humans. Entrepreneur Rick Raddatz wanted a name for his business software conglomerate that had not yet showed up in Google, and he selected Xiosoft.

10. Slang. No Malarkey is the name of a web design company in Scotland that implies they give you the straight stuff. Dead Tree Publishing is even more tongue in cheek, implying an affectionate relationship with the medium of print. NinetoFivers Productions is a film company that implies business-related content. All of these use slang in ways that go beyond what computers can spit out in a search.

As you can tell, I’m a big fan of human creativity in naming. For a slam-dunk, out-of-the-park company name or product name, you should be, too.

Speaking of names, Retailers Forum Magazine was once named Flea Market Forum magazine back in 1981 when it started. The magazine evolved over the years to be embraced by traditional retailers looking for wholesale merchandise, so the name was changed and in 1998 we started Swap Meet Magazine specifically for the flea market and swap meet industry.

USING FICTICIOUS NAMES FOR YOUR BUSINESS AND ITS ADVANTAGES.

Saturday, January 30th, 2010

A fictitious business name is a legal term that refers to the name under which a business operates and presents itself to the public.

It is also known as “Do Business As,” trade styles, or assumed business names. A fictitious business name is distinct from the legally registered business name.

Companies with fictitious names give no indication of the business that is legally responsible for its operations.

In the US, fictitious business names are often used in conjunction with franchises. The franchisee operates under a legal name but operates its business under the franchise’s brand name.

An example would be a Mc Donald’s franchise with a legal name of “ABC Foods.”

Operating under a fictitious business name gives the company some benefits such as:

• The fictitious business name allows the use of a typical business name without the need for an LLC, corporation or partnership establishment.

• The company can use the fictitious name in its business phone listing, sales advertisements and contracts. It also allows a business to open a bank account and collect payments under the business name. It gives the business legal sanction to represent itself under a fictitious name. The filing process also notifies other companies that the business have used a particular business name for its operations.

• The business may also opt to conduct a single business concern under more than one name without setting up a separate business. This would result in a lot more savings compared to filing and maintaining multiple businesses at a time.

Most US states require businesses that use a fictitious business name for their operations to file a fictitious business name statement for consumer protection purposes.

This also reduces the likelihood that two local businesses would be operating under the same fictitious name.

One thing to remember though is that a fictitious business name statement is not a substitute for getting a trademark.

A fictitious business name statement carries no legal weight where trademarks are necessary.

Filing for a fictitious business name is very easy.

Although each state may have different requirements, generally a fictitious business name filings can be made by businesses or by individuals.

Typically, the following are applicable to a fictitious business name statement:

• Fictitious business name filings contain the name of the applicant, date of filing, the fictitious business name and address for the business.

• A name check to make sure that there is only one business with that name. The applicant must search through a database to make sure that the name has not been used.

• The form has to be filed with a fee ranging from $10 – $50.

• In California, filing for a fictitious business name also requires that a notice of the fictitious name

• Majority of banks also require for a fictitious business name to be registered before they allow transactions.

Filing for a fictitious business name statement is very simple and is an inexpensive process that allows a company to get a host of benefits for minimal costs.

For more help, consult a business attorney for assistance. This article brought to you by the leading magazine for wholesale merchandise, Retailers Forum Magazine. Contact our author at http://www.expertlosnagelesattorney.com