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Entrepreneur Mom

with Aliza Sherman

If you own a business - home-based or otherwise - this is the blog where you'll find practical tips and smart ideas about entrepreneurship. I've started and run 4 different businesses so "been there, done that." I'll also invite successful entrepreneurs to share their best advice with you.

To learn more about Aliza, check out her profile on Work It, Mom! and her website, www.mediaegg.com.

Diary of a mom-owned startup: Picking a name

Categories: diary of a startup

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It is a New Year, and time to get back on track! I’ve been looking for ways to continue to support women - and moms - who are starting, running and growing their businesses. Writing Mom, Incorporated with Danielle Smith is part of fulfilling that mission. Creating a new blog (TechWithAliza.com) and soon coming out with learning tools around technology (Tech for Humans) will be also be part of that process.

Another way I am trying to contribute is by continuing to mentor other women who are looking to start businesses. Recently, I asked one of the women - Danielle Elwood - to keep a startup diary about her new business. I’ll be sharing her diary entries along with some of my own comments as a way of teaching and inspiring others - like you!

In this entry, Danielle is struggling with naming her business. I blogged about this business dilemma back in 2008, and it’s a common one that many of us have as we embark on a new business venture. Here’s Danielle’s story.

Launching my own business has become a struggle, but the biggest problem I have come across has been coming up with a creative, descriptive, and fitting name. I even went as far to hold a virtual contest on my blog (http://www.danielleelwood.com/help-name-my-business/), asking my readers to help me come up with something.

Being the picky soul I am — I didn’t pick any of the entries. I feel bad because my readers put forth their best creative effort, and my pickiness put the kibosh on all of them.

Finally, a couple days later, I was taking a shower with my mind running a mile a minute — like always. And it came to me! One Mom Digital Media.

But this wasn’t before I nixed dozens of names including my own personal name on the business. I didn’t want to have a self titled business like Danielle Elwood Media. I am not really sure why, but I guess I wanted to be able to expand some day and not have others be known under my name.

Breaking down One Mom Digital Media...

My business name starts with “One Mom” because obviously I am going into this project solo, and “Digital Media” because that is exactly what I am going to be offering. Social media, Facebook, Twitter, management, marketing - the new age of marketing for businesses

Here is to a successful endeavor and a diary to help other women entrepreneurs in my position!

As Danielle can attest, naming a business is often challenging. What I like about her name is that it is clear and descriptive. In some ways, however, the name might be almost as limiting as using her own name. It suggests there is only one person in the company so even when she expands to more than “One Mom,” the name doesn’t necessarily grow with her.

“Digital Media,” on the other hand, is a nice expansive term that can cover a host of services.

I do think that the name is evocative and could appeal to small businesses owned by women who want to work with other women-owned businesses or maybe even larger companies looking to reach moms. With that focus, Danielle could build a strong niche for herself, zeroing in on potential customers that fit a demographic or are trying to reach a demographic where she can demonstrate - and hone - an expertise.

For example, since she is a mom, I hired her to help with some of the social networking and communications around promoting Mom, Incorporated (yes, I’m a paying client). I feel in addition to having the appropriate skills, she is the book’s target reader, and that is a great benefit when someone is starting to manage a social community.

What do you think of Danielle’s business name? What is your company’s name and how did you come up with it?

8 things I hate about having a company

Categories: Uncategorized, diary of a startup

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This post might come back to zing me in the butt, but I have to be honest here. I hate having a company. There, I’ve said it.

That said, I still believe I’ve got a killer idea that I could ramp up quickly and sell, but I was thinking that I had to have a company to make that happen. Now I’m not so sure I need one.

In one of my previous posts, I blogged about two opportunities I have to get me out of my rut, to shake off the business blues, and to move forward. One is an online process and forum where I’ll be guided to better articulate my business idea. The other is working with a friend on an entirely different level, another plane if you will, and get her input about the direction I’m going.

In my most recent brainstorming session with her, I expressed my frustration. There was some kind of barrier in my brain that I couldn’t seem to dismantle. Through the course of the conversation, she nailed what has been bugging me all these months.
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Diary of a mobile startup: thinking of friends and family

Categories: Money Talk, diary of a startup

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I‘m going to keep a startup diary here to share the ups and downs of a tech startup, old lessons applied, new lessons learned and how things progress. If you’ve got a startup - or a business you’re growing - I’d love to hear what you are up to.

I’ve spent the last week double checking if I really want to go full throttle with a new business this year. Each time I share my business idea with colleagues, they are encouraging, excited even. Some talk about their interest in investing as well which I take as a good sign and vote of confidence.

I’ve never before asked for money from friends and family - the typical “Friends and Family” round that many tech startups go through prior to a more official angel round. Not that I didn’t believe in what I’ve built in the past but usually because I’ve started service businesses that mostly ran - and grew - on revenues.

Thinking about asking for money from people I know does give me a little bit of heartburn. I have every confidence that this business will pay off, but it is still scary to put relationships into the business mix. I’ve thought of using a site like Kickstarter to crowdsource funds (crowdfunding) before I incorporate - while it is still just me and a personal project. I’ve also looked Profounder as another crowdfunding site but one that funds for-profit businesses. Both have an excellent process and system to facilitate soliciting and receiving funds from people you know, including through your social networks.
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