Don’t Make These 8 Mistakes When Naming Your Company

Ten to one you’ve seen some really terrible company names like Phartronics Engineering. When starting your own business, it’s important to take into consideration how it will sound, how it will look and whether or not it opens the door for a joke or two.

Entrepreneur magazine outlined eight great tips for avoiding unfortunate company names and choosing the right one for your business.

Mistake #1: Design by Committee

Getting everyone’s input and opinion might seem like a good thing, but the more information you have, the less likely you are to settle on one idea. Entrepreneur says that a lot of small business owners involve their family and friends in the process and risk alienating the ones whose ideas aren’t chosen. Others choose by consensus—often resulting in a bland name. Instead, try to only involve the key decision-makers (the fewer the better) who are acting in the best interest of the business.

Mistake #2: Mashing Together Two Words

We’ve all seen them. Names like QualiServe and TranquiSpa combine an adjective and noun to create a nonsensical, made-up name that, let’s be honest, isn’t great. Each word on its own is alright—tranquil and spa, for example—but together, they aren’t an appetizing mixture. They’re not creative and they sound forced. You’d be better off creating something completely new.

Mistake #3: Using Plain Words

Companies like General Motors and General Electric are only good because they were the first of their kind. Unless you have a wildly novel idea, you’ll want something more creative and flashy. (And chances are, if you have a wildly novel idea, you won’t want anything bland anyway!) Take the time to come up with something creative that reflects your business.

Mistake #4: Using a Map to Name Your Company

A lot of companies use their location to help create a company name. Though this might seem like a good idea at first, it could actually hinder your business as it grows. Ever heard of Minnesota Manufacturing and Mining? We hadn’t, either—at least, not by that name. To avoid limiting the company’s growth, its name was changed to 3M, and it’s now known for its innovation.

Mistake #5: Turning Your Business Name into a Cliche

It’s okay to use metaphors in your business name, but try to avoid overused words like “peak” and “summit.” Instead, Entrepreneur recommends using words that describe your business in a creative way. They give the example of a data storage company called Iron Mountain, which conveys strength and security.

Mistake #6: Choosing an Obscure Name

In Mistake #3, we recommended avoiding plain words. But you also don’t want anything too confusing. Business names that are obscure, difficult to spell or pronounce, or complex won’t resonate with customers. Make sure your company name is memorable, but also easy to understand.

Mistake #7: Creating an Awkwardly Constructed Name

Saying “kwality” instead of “quality” is nonsensical. Resist the urge to replace a Q with a K, or an F with a Ph. They’re only more confusing for customers and make it more difficult for them to find you online.

Mistake #8: Refusing to Change a Bad Name

It’s okay to admit when you’re wrong, and it’s okay to change an ineffective company name to something better. A bad name won’t just go away and your business’ problems won’t just disappear. You might have to put in the work to make a change so that your business can flourish.

The bottom line is: Put some serious thought into your business name. You want something unique and memorable that reflects your business goals and conveys your message. Start brainstorming—you might have a stroke of genius.

The 5 Best Role-Playing Scenarios for Sales Team Success

Just as athletes train to perform at their best during practices, so should your sales team. This is where sales role-playing comes in — it’s a crucial and valuable tool with a high learning rate. To help ensure your team’s success, we rounded up five of the best sales role-playing scenarios that provide a low-stakes opportunity to identify strengths and weaknesses among your sales reps. 

5 Effective Sales Role-Playing Scenarios 

1. Active Listening Improv

According to a recent study by HubSpot, 69% of buyers say a sales representative listening to their needs is the best way to make the sales experience positive. In order to tailor a specific sales approach to a prospective client, active listening — not just hearing — is key. 

This exercise will require at least two people and can also be done with a group. Here’s how it works:

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How Do You Say ‘Success’ in Italian, Luca Benini?

Slam Jam: It’s the name behind some of the most notable streetwear collaborations and brands in the industry. So much of what the company does is under the radar, working closely with industry powerhouses, such as Stüssy and Carhartt WIP. But, that’s exactly how Slam Jam’s founder — Luca Benini — likes it. Among many things, the Italian native is known for pioneering streetwear culture in Europe. 

As Slam Jam celebrates 30 years of success, we’re taking a look at one of the most iconic influences in streetwear, the legendary man behind it all and our takeaways for sustaining a successful business based on Benini’s achievements.

Slam Jam and Luca Benini: Celebrating 30 Years of Success 

When Benini was growing up he had two specific dreams: to be a DJ and to sell clothing. In the end, he found a way to do both. 

The Birth and Evolution of Slam Jam

Back in the ‘80s, Benini’s main business became DJing, which fueled his passion for clothing. He quit school to work as a shop assistant, where he would print flyers of his gigs on tees — an early intersection of culture and fashion. 

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5 Characteristics that Successful Business Leaders Share

The success of a business is only as good as the people leading it. Bad leaders produce unproductive work environments and stagnant growth. In contrast, great leaders can develop trust, engage employees and fast-track success.

When it comes to successful business leaders, these are five of the top identifiable characteristics they commonly share:

1. A Clear Vision

Renowned business executive Jack Welch said, “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”

If you don’t have a clear and engaging vision of where you want your company to go and what you want to accomplish, you can’t expect others to follow suit. Employees need a common goal that they can get behind to feel a sense of belonging and usefulness.

If you don’t have a clear and engaging #vision of where you want your company to go and what you want to accomplish, you can’t expect others to follow suit. #goals Click To Tweet

Here’s how you can get started:

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