How to Choose a Business Name:

Part Four – Know if the Name is Available

Welcome to part 4 of a 4 part series about how to choose a business name.

Here's the schedule:

• 3/12: Know Your Industry
• 3/19: Know Your Customers
• 3/26: Know Your Message/Personality
• Today: Know if the Name is Available

This subject is, obviously, near and dear to me as this is my bread & butter.

A common mistake many new business owners make is assuming that their business name is available simply because:

* the domain name was available
* the fictitious name was available
* the corporate name was available
* internet research showed the name was available
* yellow page research showed the name was available

The above are merely preliminary indications of what business names, service names, and product names are out there. Only comprehensive research will tell you if a name is truly available for use.

Ok, so what is comprehensive research?

Comprehensive research entails searching a variety of files. The first step is a comprehensive search of the pending and registered Federal and State trademark files. Similar names matter too! The search should look for similarities in Sound, Appearance and Meaning, which means looking at synonyms, spelling variations, word placement, translations (if necessary), etc.

The second step is a comprehensive search of US National Common-Law files. This entails searching all incorporation records, all fictitious name/DBA records, Dun & Bradstreet  records, product announcements, newspapers, company directories, etc.

If the research proves clear on both steps, you can then decide if you'd like to file for a State or Federal trademark.

This concludes our 4-part series in choosing a business name. The 4 topics I chose are those that are the ones I think most important. Are there other steps you think should be considered?

TradeMark Express Blog Schedule

The Importance of Creative Naming
Trademark Information

choosing a business name * business name * choosing a company name * company name

Starting a Business:
Researching Your Industry

Using this post as inspiration, I want to dig a bit deeper into the concept of researching your intended industry.

Brad Sugars' article How to Research Your Market is a must read. Brad lists a number of ideas, including contacting business groups and universities.

One of the ideas I touched upon yesterday was researching your competition. But how does one even go about doing this? And how do you keep it all organized in such a way that you can actually analyze your results? I'm a big fan of tables – I use them constantly for TradeMark Express, be it for client bids or summarizing the week. They're easy to create, manage & alter.

I've created a template that can be viewed & printed here. I filled in the first table with TradeMark Express' information so you can get an idea of how to use this table. Here's a blank form. If you'd like me to send you this table via email, please contact me at Shannon at tmexpress dot com.

Find the holder of a domain address
Free digital library of Internet sites
Using the Web to Research Your Market – PowerHomeBiz

research your industry * research your market * research * competition * market research * industry research