Five mistakes that could kill your business

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Operating your own business can be exciting, but it can also be risky. Avoiding the five mistakes below could help you limit your risks and make your business successful.

Myth 1: I need a big idea

  Many people think their business needs a great idea to set it apart from the competition. Often, this leads them to put off starting or expanding a business while waiting for a big idea that never comes.

  While big ideas are great, not every business needs one. Many well-known corporations, including Sony and Hewlett-Packard, started before having a great idea of what they would make or sell.