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There are around 300 million companies in the world today, each with its own brand name. Some brands are as big as Apple and Coca-Cola, while others are as small as a one-person business. With so many brands out there, it's becoming increasingly difficult to come up with a unique name. To create a great brand name, you need to follow three steps. First, choose what type of name you want - there are seven different categories. Eponymous names like Disney and Burberry represent the vision of their founders, while descriptive names like American Airlines and The Home Depot tell you exactly what the company does. Adidas is unique because it is derived from the founder's name, Addie Dassler, and Tesla pays homage to Nikola Tesla's achievements in electrical engineering.