Journey To $100 Million
The Importance of a Name
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:05:26
- More information
Informações:
Synopsis
The name of Erik’s previous company was 80|20 picked because he was looking for a company name that was short, abstract, and related to business (the 80/20 rule) with an available domain name. About a month or two into it, someone asked if it meant “80% protein to 20% fat.” Turns out that’s the ratio of hamburger meat and there was a local restaurant in Norfolk called 80/20 Burger Bar and there turned out to be a lot of brand confusion because of this. So he had to start rebranding it as 80|20 Software Consulting because of the brand confusion. Kevin’s company name was ID Web Studios. Ironically, they both wanted to change their names when they joined together as business partners because they both hated the names they were coming into the partnership with. So the company rebranded as Array Digital. If you’re thinking about getting into business, the company name frankly doesn’t matter that much. There’s a lot of huge companies out there with bad names, right? But once you build up your brand’s reputation,