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There are approximately 30 million companies globally, averaging one for every 26 people, making it increasingly challenging for brands to stand out. In this tutorial, Neil Patel discusses strategies for choosing a unique and effective business name to enhance brand positioning in a competitive market. He highlights the annual opening of over 627,000 new businesses, which reduces available name options. Patel aims to guide viewers through the process of selecting a great business name to facilitate growth and visibility in the crowded marketplace. He encourages viewers to subscribe to the channel for further insights.