What’s wrong with assuming “you need a unique idea to start a business”?

What’s wrong with assuming “you need a unique idea to start a business”?

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The idea that only original, never-before-seen ideas succeed is one of the most demotivating myths for new entrepreneurs.

Here’s why it’s false:

  • Execution Matters More: How you implement an idea is often more important than the idea itself.

  • Proven Markets Are Safer: Entering an existing market means you have demand and examples to learn from.

  • Differentiation Can Be Subtle: A twist in customer service, branding, or delivery can set you apart.

  • Innovation Is Iterative: Many great businesses started by improving existing models (e.g., Uber, Airbnb).

  • Scarcity Isn’t Always Value: Just because no one has done it doesn’t mean it's a good idea.

Rather than chase novelty, focus on doing something better, cheaper, or differently than competitors.