So, I'm in the process of launching my website for my bakery. After agonizing over it! I choose Sweetly Bakery as the name and registered it as an LLC and bought the domain name. But then I still have this nagging thing about it. I was told I should name it after myself. My name is Shanell and I think I have a pretty lovely name. So I was thinking Shanell's Bakery & Cafe or Sweetly Shanell's. But I am SO undecided. Because I read an article or two online that said naming a place after yourself is not a good idea. Some of the reasons listed were that I found particularly compelling to me:
1. It’s limiting. When you’re starting out, you don’t know where your company will go, or what you’ll love doing most, or what the best business model will turn out to be, so it’s a good idea to pick a name that keeps your options open. Right now, I run the company and do all the creative, which is likely not sustainable forever, especially if we keep growing. If at some point, I decided I wanted to bring on other artists or writers and function as a creative director, it would be a lot less awkward if my company was called Sunshine Industries. For example
2. If you ever want to sell your company and go do something else, your name goes with the company and belongs to the people who bought it. If those people start making incredibly hideous products with your name all over them, you can’t do anything about it. Except change your OWN name
3.. As you grow, “me” becomes “we.” (I realized as soon as I hired my first employee that it sounded weird to have her answer the phone “Hello, Emily McDowell!” because that’s not her name.
4. When you have a brand that’s your name, people expect you to BE that brand 24/7. Which makes total sense! But this can be an uncomfortable problem as you grow and sell products to/interact with an increasing number of people who don’t know you.
I have a vision for my bakery I am sure all Entrepreneurs do!
But I also thought what if using my name hinders me and I want to sell my business in the future or people EXPECT me Shanell to be there 24/7 since it's attached to me and my name.
However, I know that there are very successful food businesses with somebody's name attached to it. We may not know who that person is but their name is attached to it.
-Ruth Chris Steak house (Chris bought the restaurant from Ruth)
-Sara Lee :-)
-Benny's bakery (local bakery in my area no longer owned by Benny)
-My friend's brother owns three Jerry's grocery markets he bought from a Jerry
-Domique Ansel Bakery (But he was known before his cronut and bakery so he had a following)
I want my bakery name to be memorable but also not limiting my possible future endeavors.
So should I stick with Sweetly Bakery and Cafe or go with my name?
Let me know guys! Naming has been SO DAMN HARD! LOL!