This Post is part of  SharePoint 2010 Installation Series

If you installed sql server with Power pivot … You should skip this step and proceed to the next step Sql Server Configuration

Avoid DataBase name with guids

In order to avoid creating the SharePoint config and content databases with names having guids

I would recomend you to run a command line as administrator and write the following code

cd C:\Program Files\Common Files\Microsoft Shared\web server extensions\14\BIN

psconfig -cmd configdb -create -server FO-DEVELOPER-07 -database FO_DEV_07_Wss_ADMIN_CONFIG -user

Fo-Dev-07-SP-Farm -password ****** -admincontentdatabase FO_DEV_07_Wss_ADMIN_CONTENT

Or make what ever names you would like to have for more information read this topic

SharePoint Installation Wizard

Click Start / All programs / Microsoft SharePoint 2010 Products

SharePoint 2010 Products Configuration Wizard

1. Click Next , Click yes and choose to create a new server farm
2. Select create a new server farm
3. Enter the Database server my case ( FO-DEVELOPER-07\GEMINIBI ) and DB name
4. For the farm user enter : Fo-Dev-07-SP-Farm
5. Enter a passphrase to secure farm configuration data. It is also needed if you join a new server to the farm. "Password1" is a good example
6. Select a port : 55555 and a authentication provider : NTLM
7. Click Next and Install and finish the installation Process