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In logo design, there are five essential rules that serious graphic designers should follow. One common mistake among amateur designers is replacing a letter in the logo with a symbol or graphic, which can lead to poor branding. This is illustrated through an example from a British television show where contestants compete to impress a tycoon. In one episode, teams created branding solutions for a baby food company, but the logo developed by one team lacked professionalism and failed to inspire confidence in the product. This example highlights the pitfalls of disregarding essential design principles in logo creation.