So, you just created your first business and you need a company logo?
I was in the exact same place for a website I recently created. It was my 2nd website, and I felt it would really benefit from a nice little logo. The problem was I didn't have a lot of money to spend on something like this, and didn't have the creative capacity to do too much myself. As it turns out, with a little searching you can find some pretty neat stuff for FREE.
FREE Logo Creators
LogoMaker had a lot of pre-made logos, from categories like Automotive, to Finance or Yard Sales. After about 30 minutes on the site you can get a pretty good feel for what you want. After you've selected your pre-made logo (which is either letter based or object based), you have the ability to size, rotate and flip the logo. And you also have the ability to add up to 2 lines of custom text. All completely FREE.
Logo Snap was very similar to logo maker. I actually ended up using them for my logo, even though they had slightly fewer options than logo maker. The set up is very similar to LogoMaker as well. Manipulating the objects and adding text is super simple, which is what I needed.
Once you have your new logo you can insert it into Microsoft PowerPoint and add some more details. For instance, I wanted more than 2 text lines, so I put it into Microsoft PowerPoint, added another line of text, printed it to a PDF, converted it to a JPG and bam! New logo for me!
One more quick tip...
If you want to add another image to your logo, morgue File is a pretty cool place that allows you to download images with no copyright infringement.
Paid Logo Creators
During this process I also looked into some sites for paying people to create logos. I ended up passing on this only because I'm still pretty new to websites and didn't want to spend hundreds of dollars quite yet. Though, in the future I will probably go back to 1 of the following:
48 Hours Logo : Start an online logo design contest for only $29 and see your custom logo designs roll in the same day.
99designs : These guys were a little more expensive, but the quality is super awesome. You can create a logo design contest, starting at $295. I highly recommend just checking out some of the existing contests just to see some of the quality work done.
Logo Monsters: I don't know much about these guys, but they are offering a pretty neat deal. For $99 a year you get unlimited logo designs with turnaround of 72 hours. Definitely something to check out if you're going to be needing a variety of logos. Not sure of the quality though.
Hopefully that helped you a bit in terms of finding and creating a logo.