Since I visit
Logopond alot I basically start out with an image that fits their template style which is 325 x 260. Also
this site might help if you are just beginning to design your logo. When choosing your font avoid the free sites they will make your logo look unprofessional. The people at
Typophile can help on what would be a nice font for your purpose. But bear in mind these are professional type designers some of which are from the top foundries. They will think you should only be using "professional software" but what they don't realize is how strong the opensource applications are once you know how to use them, but never mind that.
Another thing to remember is that Inkscape does an ok job of converting fonts to vector objects but it needs help. What I mean by that is it does not place the vector points in extrema which makes the font not as clean as it should be.
For example the top letter is an inkscape conversion of a glyph the second is how the glyph should look like
Logo designing involves making sure your curves are in extrema, the composition of text and graphics conveys the message that you are trying to send to potential consumers of your product(s).
You maybe lucky to have just the right idea overnight, but even the best logos take time to get right. KISS is the logo mantra of designers.