Using a descriptive business name, as I wrote yesterday, leads to a dead-end for rapidly growing companies.
But that’s just one problem when trying to morph a description into a corporate name.
Another major problem is that to truly describe a business usually takes at least three words. Not only that, they are usually multi-syllable words. The names are too long and too “intellectual”.
Here are four such company names from the latest list of INC 500 Rapidly Growing Companies:
Advanced Planning Services
Ancillary Care Management
Apex Facility Resources
Assured Information Security
Each is certainly a mouthful. But besides being hard to remember because of word-length, there’s nothing with a spark. Nothing “grabs” you.
And I’ll bet by now stakeholders within and outside the respective companies have resorted to calling the companies by their initials: APS, ACM, AFR, AIS.
And pretty soon, one or more will officially change their name to those initials and believe they’re making a wise choice.
But as I’ve stated more than once (my blog entitled Business naming with three initials – bad branding, for instance), initials have no personality or vitality. The name becomes a liability instead of an asset.
So for a multitude of reasons, descriptive names are bad names and should be avoided.