Step 1: Choosing your business name

Ok, I’m assuming you’ve done what I laid out in the introduction as far as coming up with a business idea and model and you think you are onto a winner.

Now the fun begins. (Note: heavy sarcasm).

The first thing you need to do is decide on a good name for your business. You want something memorable, descriptive.. I don’t know! That’s up to you. But, don’t just choose one name. Think of several.

The reason for this is that when you go to register your business you will need to provide a list of possible names to the ‘Business Name Registry (Registro del Nombre Comercial)’. They will let you know which one is acceptable in their eyes, so, to save time it is best to give them a list (I did 5), in order, that they can choose from.

A word of caution: they are not fans of business names that have foreign languages in them. So make sure your list contains some business names that are entirely in Spanish.

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