Get All Access for $5/mo

Making A Name For Yourself Create a brand name that will make your business the leader of the pack.

Branding is often considered the be-all and end-all of creatingcompany recognition. Indeed, some studies have even valued brandssuch as Microsoft and Coca-Cola in the hundreds of millions ofdollars. But how does a bootstrapping entrepreneur compete withmultimillion-dollar corporate image campaigns? The answer lies in afew basic principles, says Elizabeth J. Goodgold, co-founder of TheNuancing Group (http://www.nuancing.com), a San Diegoconsulting firm that helps businesses find and refine brandidentities.

Watch your language. Think you've got the perfect name?You'd better test it in other languages to avoid embarrassingtranslations. One example Goodgold cites is Rogaine, the popularhair growth stimulator, which is the name of a soft drink inJapan.

Be consistent. According to Goodgold, your"look"-including colors, typefaces andmessaging-should be consistent throughout your materials.Your Web site domain name, toll-free vanity phone number and otherkey communication vehicles should closely tie together.

Overall, says Goodgold, smaller companies must reinforce theirbrand identities at every opportunity. "Find a voice for yourbrand. Develop a brand personality-it can be whimsical, funor staunch. Then stay true to it."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Marketing

Your Most Powerful Marketing Weapon Is Hiding in the Finance Department — Here's Why

Transform your marketing leadership by turning finance from a barrier into a strategic ally. Learn how aligning with your finance team can drive unprecedented growth and innovation.