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hi im jay samett and this is wsj startup of the year the wall street journals online documentary series tracking aspiring entrepreneurs as they compete for one coveted title now its time to give our entrepreneurs their first assignment and it concerns something that we all face when creating something new what do we call it how do we communicate the essence of the business quickly and most importantly how do we represent that visually whats in a name well everything names are the critical first link in public perception of what your company is and first impressions are everything in business your name is your chance to identify what your brand is and your brands personality there are three things to consider when choosing a name is it easy to pronounce is it distinctive and does it allow for brand extension a more descriptive name can be limiting but it helps consumers by telling them exactly what it is that your business does on the other hand a more mysterious or esoteric name