Staying In Your Industry

Make sure your start-up doesn't compete with your current employer.

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Don't bite the hand that feeds you. Starting a business that competes with your current employer may get you in legal hot water by violating noncompete clauses in your employment contract. If you start a business in the same industry, focus on a small niche your employer has overlooked.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

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