How Do You Pick a Business Name?

It isn't exactly surprising how new entrepreneurs are preoccupied with the mounting tasks associated with establishing a new business. There are just too many things to do and, just as your excitement starts to build up for

 this new venture of yours, the tiny issues and details crop up, making you anxious and weary about actually getting things in order just in time for your grand launch.

One of the first things you need to consider for your startup business is your business name. There are just too many enterprises out there, not only in your city, state or country but also all over the globe. Considering that you do have competition, you need to really be able to stand out, starting with your business name.

What are the qualities of a good business name, you ask? There are a few things you need to keep in mind when in the process of deciding how your business will be called and how it will be known by your target market.

A business name needs to be easy to spell. This is something you need to really take into account. While Shmroundreselle Online Shoe Shop sounds unique, it's almost difficult to read and speak. Unless you are the best in the industry, you'll only be watching your potential customers skipping from your website to the competitor's. No one wants to deal with something they barely can understand.

Choose a business name that is short. No one wants to say a mouthful whenever they talk about your business (and you can bet they'd rather not at all). Make sure it's nothing like "supercalifragilisticexpialidocious." It only worked in the sensationally popular children's book, and at this stage in your business, you're no Mary Poppins.

Make it positive. C

ustomers want a happy experience with your business. Start making the impression that you can give them just that through a name that suggests positivity. "Pain's Pizza" doesn't sound delightful or delicious in any way, does it?

Include what your business actually does. People are yet to know what your business is all about, so you can't settle for anything too simple and interesting like "Coca Cola" and expect people to know instantly that it is a brand of softdrinks. Many startups are named in a way that provides potential customers an idea of what they do. Place the catch words "salon", "fencing" or "nail art studio" to let everyone know you're part of the industry.

An important tip: As you make your business easy to understand or spell and keep in mind for customers, go buy 1800 number and customize it according to your business name. Find a reliable provider of the toll-free phone system that will give you an option to personalize your number. This way, people will find it easy to remember the name of your business.

Also, make sure you choose at least three names for your new business. It's fairly common for some names to be taken and registered, so you need to have at least two backups. Think of a great name for your business and make a mark in the industry where you enterprise belongs.

Dave Carter is an independent consultant for small businesses. His expertise in consumer electronics is backed up by 12 years of experience in the telecommunications industry. A techie at heart, he’s up to speed with the latest releases and innovations in consumer technology, sharing his insights in language ordinary users can understand.

Metadata Management Is A Complex Form Of Data Governance.

Metadata Is A Term That Defines Data About Data. Since Most Of The Business And Commercial Trade Organizations Have Data And Thereby Metadata At Their Core Functioning, It Is Vital To Protect It From Unknown Dangers. Apart From Safety Issues, The Nature, Format And The Working Form Of The Metadata Too Holds Prime Importance.   This Has Given Birth To The Concept Of Enterprise Information Management Which Includes Host Of Metadata Repository Functionality Features. Together These Technologies Ensure That The Data-Centric Operations Make The Data Storage Easy And Accessible For Any Organization.

 

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Data Harmonization Designed To Suit Enterprise Architecture Model, Coupled With MOF Repository And Ontology Repository Has Proved Useful For Large And Medium Sized Business Associations In Their Day-Today Affairs. Traceability Characteristic Has Equipped These Data Lineage Companies With The Facet Of Verification Which Has Gone One Step Forward In Documenting The Recorded Identification. This Has Assisted The IT Development Firms In The Design Of An Organized Solution For Their Clients – The Solution That Can Be Easily Used By All The Staff Members.

Therefore, Now With The Help Of Compliance Reporting And Impact Analysis, The Business Firms Are Equipped With Enriched Core Data Elements. For Which The Risk Modeling And Innovative Trends Developing Software And Web Development Companies Should Be Given A Round Of Applause Whose Contribution And Efforts Have Made It Possible.

 

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Semantic Repository Along With Proper Data Alignment Has Attributed To The Efficient Maintenance And Proper Working Of Data Quality Which Is A Very Good Thing. It Has Facilitated These Commercial Trade Industries In Their Smooth Functioning. Content Standards And Business Excellence Too Are Being Incorporated Into The Design And Architecture Of Financial Ontology Solutions That Are Being Developed For Various Corporate Houses Across The World. Business Glossary Are The Standards That Have Emerged In The Development Solutions Of Business Glossary Of These IT Solutions Providers, And Are Responsible For Offering The Cutting Edge Solutions To Their Clients.  Needless To Say, That Some Of The Market Leaders Have Enabled Effective Data Governance Through The Use Of These Technologies While Trying To Simplify The Complex Nature Of Common Financial Language Through Their Effectual Use Of Software Development Tools.

Adaptive Metadata Manager is a web-based solution that offers enhanced capabilities in the areas of data governance, regulatory compliance and metadata management.

Why Athletes Make Great Motivational Speakers

Companies hire motivational speakers to do inspire, motivate and challenge their employees to do their best at work, to find it in them to achieve any goal they set for themselves. Motivational speakers on the other hand, do their best to compel people to make these changes but most of the time, it is not an easy task to do but not an impossible one especially when they know how to do it well.
 
Among the many types of speakers that companies and organizations hire are sports speakers like Ange Postecoglou who is a former Australian pro-football player and current coach of Melbourne Victory. Sports speakers are usually athletes who have not only scored great achievements in their chosen fields, but also athletes with enough experience to know what it’s like to compete and thrive in the world of sports.
 
Who else then, would know more about motivation than those who actually need it the most? Who else would know the importance of teamwork and adjusting to changes? Who else would know about leadership and going out of your comfort zone more than those who’ve experienced these changes the most? Athletes not only play to win but also play to fully understand and realize what they are capable of and nothing is more inspiring.
 
Everyone knows that athletes train from a young age and for that to happen they would have to be inspired and motivated enough to get out of bed early in the morning to exercise, warm-up and practice. With goals like the Olympics, one can only imagine the hard work and dedication they put into their practices to be worthy of a gold medal. In real life though, a gold medal is something we all want to achieve but something we find so difficult to do.
 
This is one of the reasons why athletes make great speakers. They can tell people in their own words what it feels like to work hard towards a goal and achieve it, that it is not impossible to do although they have experienced their share of hardships along the way, sometimes more than what a normal person can endure. But the best part is, they can tell people that if they can do it, so can the rest of us mere mortals. Nothing after all, makes us feel better than to know we can actually do what we thought gods were only capable of doing. 
 
Athletes are also the ones that best embody belief in one’s self and abilities. They are also the ones who know how much of a virtue patience is and what real commitment is all about. They are also the people who truly understand what pressure it and how you can use it to your advantage. They are the ones who don’t lack confidence when needed, who know how to use their adrenaline surges to win.
 
Did I also mention nerves of steel, which they are not allowed to think about when competing? Athletes also posses that ability to understand what needs to be done and they do it with their whole heart and being and with the whole world watching. 
 
Now, do you need more reasons to know why athletes are the best motivational speakers?
I love writing and the opportunity it gives to inform people. I’ve always loved writing but it wasn’t until two years ago that I really got to do what I loved for a living.

Ten Common Financial Mistakes Businessmen Make

Man holding an empty wallet

Starting or maintaining a business is challenging in an economy that is still struggling. Managing finances in any types of business requires planning and discipline. The following are ten common financial mistakes that are often made.


1. Confusing Saving and Investing
The main difference is money that is saved is money that a business can't afford to lose. Invested money is always subject to a loss. Businessmen too often invest to save and thus have no idea what their long term savings may be.

2. Deferring Taxes
This sounds great, especially when a business is just starting. But many businessmen get behind the eight ball on this. When the business grows it will mean paying taxes on a larger amount. It's usually better to pay taxes up front.

3. Inadequate Insurance
Depending on the type of business and the location, certain types of insurance are legally required. Not having the insurance can mean paying fines. Businesses also need adequate insurance for liabilities such as lawsuits.

4. Lack of Forecasting
Every business must have a detailed plan written out for every aspect of the business. Failure to do so means a businessman is simply guessing about how much he'll sell and what the expenses will be.

5. Poor Accounting
Keeping track of the finances is more than knowing there's currently money in the bank. Proper accounting will show exactly where money is being spent and how it's coming in. This will enable a business to make proactive financial decisions.

6. Planning on Profits the First Year
Most businesses don't make a profit the first year. Having either enough capital or another source of income is essential. The first year of almost any business is bumpy and unforeseen costs often arise.

7. Hiring Unnecessary Employees
Hiring permanent employees means extensive record keeping and withholding a variety of taxes. This can be expensive and time consuming. For some businesses it may be better to go through a temp agency for human resource needs.

8. Not Collecting Bills
Not all clients pay for services or goods in a timely manner. Knowing how to work with clients, such as re-billing or making personal contact, to collect payments is not always an easy task.

9. Not Enough Capital
Having enough money to run any business is always a challenge. People tend to be overly optimistic when raising capital. Few business ventures run smoothly without any unexpected costs. Whatever amount is thought necessary to run the business, double it.

10. Lack of Personal Retirement Funds
Those in business sometimes neglect to put aside money for later years. It's better to plan to put away smaller amounts of money monthly or quarterly than waiting until the end of the year.

By consciously working to avoid these mistakes a businessman will save himself a lot of time and resources. Almost all of these mistakes can be avoided by writing and sticking to a detailed business plan.

Stanley Stone is the president of stanleypstone.com. He is a Certified Independent Public Finance Advisor (CIPFA) and an associate member of the National Association of Bond Lawyers. Stanley loves the theater and attends many plays, operas and ballets each year in New York City.