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Article Title:
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Have You Outgrown the Company Name You Started With? Renaming Tips

Article Description:
====================

The second most common reason my firm gets hired for
renaming is that the company has outgrown its original name
in some way. If this applies to you, here's how to proceed
so you end up with a company name you can live and grow with
for many years.


Additional Article Information:
===============================

575 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2009-07-30 13:36:00

Written By:     Marcia Yudkin
Copyright:      2009
Contact Email:  mailto:[email protected]


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Have You Outgrown the Company Name You Started With? Renaming Tips
Copyright (c) 2009 Marcia Yudkin
Creative Marketing Solutions
http://www.yudkin.com/



Although the most common reason clients come to my company for a
new business name is a stern warning letter they've received
from a law firm charging trademark infringement, the second most
common reason for renaming is that the company has outgrown its
original name in some way. If this applies to you, here's how to
proceed so you end up with a company name you can live and grow
with for many years.

Perhaps you've outgrown your original name geographically. If
you were River Valley Plumbing and now your service area extends
far beyond River Valley in two directions, that is indeed a valid
reason for finding a new name. Just remember that the new name
does not also have to be a geographical name. Think about whether
there's something you particularly want your company to be known
for, such as environmentally friendly supplies or fast emergency
service. If so, those can be the themes around which you build
your new name.

Or perhaps you've outgrown the specialty indicated in your
original company name. For instance, you launched the business as
Senior At-Home Care, but now you serve all ages and run errands
in addition to providing personal care assistance. Here too,
don't assume your new name has to focus on exactly what your
company does. Instead, you might look for a name that evokes the
benefit of your work - that you eliminate the frustrations of
daily life, that you promote independence for frail or disabled
people, and so on.

To get started with your renaming, identify the business goals
and objectives that you want the new name to meet. Who is the
target market? How can you best position yourselves vis-à-vis
present and future competitors? What qualities do your ideal
customers tend to appreciate most when they find you? Are new
clients typically looking for you in the Yellow Pages (where it
would be good to be near the beginning of the alphabet), online
(where you need a name that's easy to spell and remember), or
through word of mouth (where memorability is most important)?

Second, what kind of statement do you want to make about your
company? How do you want to be perceived? Would a cute name help
or hinder you? Would a practical, matter-of-fact name be better
than a humorous, attention-getting one?

Third, brainstorm a couple of dozen possible names. Along with
this article, you'll find a link to a free brainstorming guide
for company names. Keep the brainstorming going for several days,
because each time you come back to your list after being away
from it, you'll get additional ideas.

Fourth, go back to the business goals and objectives you
identified and use them to screen your list of possible names.
Cross off those that are off target, and highlight the ones that
get across your desired message best. Select your top three
company name candidates.

Last, perform a legal check with the assistance of an attorney to
find out whether your top three choices are legally okay. Very
often, this step reveals that one or more of the names you were
excited about would make you legally vulnerable for one reason or
another and have to be eliminated from your list.

Now you're in a position to make a final decision. Make sure the
name you choose contains room for further growth, since that's
the reason you were looking for a new company name to begin with!





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Marcia Yudkin is Head Stork of Named At Last, a company that 
brainstorms creative business names, product names and tag lines 
for clients.  For a systematic process of coming up with an 
appealing and effective name or tag line, download a free copy of
"19 Steps to the Perfect Company Name, Product Name or Tag Line" 
at http://www.namedatlast.com/19steps.htm


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