3 Mistakes to Avoid When Deciding Your Company's NameNaming your business is one of the most important decisions you will make on your road to success.

ByDiana Falzone

Opinions expressed by Entrepreneur contributors are their own.

Here are three common missteps entrepreneurs make when naming their business.

  1. Too many cooks.Do not let too many people weigh in. It can become overwhelming and not productive. Choose a select group to help you brainstorm and bounce around ideas. Make sure it is a diversified group so you don't have too many of the same ideas.
  2. Hybrid names.Just because you can mash two words together does not mean you should. Sometimes it sounds very forced, forgettable and confusing to potential consumers.
  3. Plain Jane.Almost as bad as a confusing name is one that is deathly boring. Being direct is key but being too direct is a snooze. For example, imagine if Yahoo! named their company General Internet Directory. Yawn. Try to come up with something that is unique and draws interest.

Watch more3 Things to Know videos here.

Diana Falzone

Journalist

Diana Falzone is a journalist. She is an anchor forBold TV. Previously, she was a reporter for Fox News Channel and a talk show host for SiriusXM Radio.

More from Entrepreneur Exclusives

3 Simple Ways to Boost E-Commerce Sales

Why Your First 1,000 Customers Are Your Most Important

How to Grow Your Business By Finding New Customers

3 Stress-Busting Relaxation Exercises You Can Do Anywhere (60-Second Video)

Related Topics

Business News

KFC Has Been Dethroned as No. 2 Chicken Chain in the U.S. — Here's Who Took Its Spot

A viral chicken sandwich led to an increase in market share.

Thought Leaders

5 Books Every Entrepreneur Should Read Before Starting a Business

A selection of books that helped me found and scale a startup from a $10,000 line of credit to a billion-dollar business

Buying / Investing in Business

Ampere Is Delivering the Biggest Innovation to Eyewear in 50 Years

You have the chance to join them as a shareholder as they take on this $160B market.

Business News

“我们睡不好了”:Airbnb主机解决s With 'Tenant From Hell' Who Refuses to Leave

An Airbnb guest rented a guesthouse for a long-term stay in 2021 but has since remained in the unit for over 540 days — without paying rent.

Business News

Drew Barrymore's Writers Are Not Returning Amid Controversy, Despite End of Strike

The new season is slated to return to air on October 16.