We know how important your name is in a business, but what if someone has taken your name and is now using it to make money? So you know your name, you also know what makes it so valuable, you understand it, and you want to protect it at all costs. In this video you will find out a few of the most common mistakes you can make if you are using a business name that isn’t yours when it comes to the business world.
The number one mistake you can make is trying to change the brand name of your company for your business or personal name. Why? because that is how these people took your name and made it a part of “their” business then the only question is “which one do you want?” which leads to a loss of revenue.
These mistakes will be your biggest downfall and they are sure to set you back years. You also dont know who you are dealing with, and you’ll get caught up in whatever you’re doing. The number one mistake you can make is not including you and if you have to name the company after a person, forget it.
As an entrepreneur, youd better get educated before you make any drastic changes to your website name because changing your name may lose most of the customers you got from the name you chose for the organization. If youre thinking of changing it, youll need your name in the business, but if its not a big company, do not want to risk losing all clients who have been doing business with that person.
This business will run for 3 years, so plan for 3 1 2 years for this business with no one to get into, so dont think that youll be able to change it for a short period of time.
If you were a doctor and your medical license expires, the odds are extremely high that youll receive an application to reapply, get an extension until your license expires, or be sued.
I’m not usually on YouTube, but this is really interesting. A guy named “Steve” from Australia named his business with nothing but the word “Steve”, and just finished it out. What a surprise. And I really love the idea of it too. You can learn so much about the people behind it and make money out of it too.
The biggest mistake you can make when starting a company is being too ambitious with your brand image and your name. If you were being too ambitious with your name and branding, you wouldve been more successful. You just dont want to put that emphasis on yourself. Youll want to make your mark and have great expectations for what you expect from your company.
I don’t think I would recommend this at all because it was a little to big.