Is a business name necessary?

Why do I need a business name and what are the costs.

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Do I need a business name

For someone just starting out or even playing with the idea of providing a service part time or full time, the question of needing a business name always comes up.  Any one who is going into the VA field should consider a having a business name and here are some reasons why.

  1. It identifies who you are and what you do
  2. It looks professional
  3. It helps to keep you focused on running a business

With that said, in some cases you can operate under your own name and many virtual assistants do.  But if you have explored your options and want a name that will become your trademark then think very carefully about it before you make a final decision. Once you have chosen a business name then there are some costs that will be involved. Some of these costs also apply if you intend to use your own name.

Now that you have your business name then the following expenses kick in:

  • Business set up fee or incorporation fees
  • Domain name – for your website
  • Business cards
  • Letterheads and other business stationery such as complementary slips
  • Logo
  • Possibly invoicing templates with company branding.

A name for your business is important and is necessary, may it be your own name or otherwise. The costs can be minimal and stationery can be created very easily with software that you already have available such as with Microsoft. Business cards are also available at very reasonable prices from sites such as Vista print. One thing that you might not be able to do yourself is create a logo and although there are sights that offer do it yourself logo design it is best to get someone with that skill to create one for you.

These are only the first steps to getting started, so good luck and have fun.

Have a great weekend
Have a great weekend

Please leave a comment or ask a question, I will be glad to help.

Check out the post on Branding Yourself Online  an ebook review it will surely be useful.

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