TeachingKidsBusiness.com JFC Name Tip

Please keep in mind that the purpose of Just For Clicks Business Game™ is to have fun creating a business, developing skills and experience. There is no cost and no risk, so just work through the process, learn and have some fun. Click away and enjoy!

Every business needs a name. You can make it as simple as your net name, real name, your dog's name, a name you really like or one that you create that makes sense with your business. This is a great experience to go through even if you don't set-up a business or for the business you may dream of running or being part of in the future.

You may want to choose and develop your KODIP™ - kid's online digital information product before you choose your "Business Game Name™". For example; if you choose a name like Sam's Sports Reviews for your "Business Game Name" and then develop a product that describes a "trip of a lifetime" , you will realize they don't really go together. The risk of tying your business name to your product is that you may have difficulty in the future when you want to launch different products. For example; there have been situations where a clock shop wants to sell music. Would you think of going to Martha's Clock Shop to buy a CD. If you go to our "Product Tips" you can start developing your product.

It is important not to use existing company names, that already have a reputation and have been protected through name registration. For example, you can't name your "Business Game Name™" after a company you like, or provide the same product as they provide. There are business help centers operated by most governments, that can help direct you to the right authorities, if you want to register your name. Discuss the naming of your business with your parents, as they may be uncomfortable with you using your real name.

[Check out kids business game names]

This section is for those that proceed to the next level and launch your business into KidsE-Marketplace.com™ your business name will become very important. The intention of a "Business Game Name™" is for you to have a name in our Marketplace that you can refer people to. If you tell your friends to go to KidsE-Marketplace.com™ and check out your product , you need to tell them how to find it. Once they know your "Business Game Name™, they can search for it and find your product.

The name will also help you on a business card. Your card will have the "Business Game Name™" and the KidsE-Marketplace.com™ internet address for people to find your business online. We want to protect you from people contacting you directly, so we will set your business up in a "protected marketplace". Here you can develop and carry on your business, without having to face a lot of the problems. You will still learn lots about operating a business at this stage, through the "Just for Clicks Business Game™" and be able to further develop business opportunities, as KidsE-Marketplace.com™ grows. It won't be long before you progress to a full blown business!

The name you use, will hopefully be talked about by kids who come into our Marketplace and try your product. Over time and with a good product, you will develop a reputation that will help you launch other products and expand your business, through future versions of the game.

Brainstorming is a great way to come up with ideas. The goal of brainstorming is to come up with a long list of "crazy ideas". Brainstorming gets people to think in ways they don't normally. It is important to have fun and not criticize (don't say, "what a stupid idea"). The basic rules are:

	Quantity, not quality (more is better); it is important to generate as many ideas as possible and don't worry how good they are at this stage.
	No ideas can be criticized and no idea is too wild to write down. Remember they are all good ideas at this stage.
	It doesn't matter who came up with the idea first, work together to build on it and generate more ideas.

You may find that it is hard to come up with ideas on your own. It's ok to get a little help. Try and get a group of friends or family members together, to brainstorm some ideas. Here are some helpful tips:

	Start with telling everyone what they are supposed to think about. Then, take a moment and tell them about the . As stated before, you are trying to create a product that is "content only" or "written information" for your business. You do not have to invent a product that needs to be manufactured and shipped, but one that will be viewed and/or e-mailed to people. Examples are things like articles you would see in magazines or newspapers, recipes, sports reviews, your opinion on something important to you like pollution, jokes, school projects, music group/song review.
	Have each person write down as many ideas as he or she can think of, working silently on individual pieces of paper.
	Share the ideas with the group by having each person read theirs aloud to the group, or by having one person read them all.
	Have a question and answer period, where people can ask about the ideas that are presented and have the person that came up with the product, explain it to make sure everyone understands the concept.
	Have a vote for the best idea. You can vote by raising your hands, or by having everyone write down their favorite idea and add up the results.

Keep in mind, final decision is yours and that the idea you choose, should be one you are very comfortable in developing. After all, when the group leaves, you are the one that has to make it work!

At some point in your business career, you may create a formal, legally recognized business entity. The choice of which form you take, usually rests on consideration of the nature of the goods or services a business provides and tax and legal liability issues.

Every country has different rules and regulations. As you progress beyond the "Just for Clicks Business Game™", you should get appropriate tax, accounting and legal advice to make the right choice.

This business form, is the legal default category for any person who does business in Canada or the United States and who makes no effort to organize the business otherwise. This is a business owned and operated by one person, who assumes total control and liability for the business. No legal entity is formed. While the sole proprietor may have employees, he or she does not have co-owners.

This form is when two or more parties go into business together to make a profit and share profits, losses, and liability for the business.

This is a business form created by state government, upon the filing of an application and payment of a fee. It creates a legal entity, separate from its owners (the shareholders). It also eliminates any personal liability the owners have for the business.

There are also other forms of business that are available through local government departments, responsible for setting up companies.

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