views
What is Startup?
The term Startup is gained popularity these days and more and more people are trying to become an entrepreneur and setting up the startup however there is no clear definition of the startup, still, we try to write what is a startup. A small business founded by one or more entrepreneurs to develop unique and effective products and services to generate business opportunity. What is an entrepreneur Some entrepreneurs develop the products and services to solve any specific problems in the businesses and in society however the solution is not obvious and success is not guaranteed, some startups taste success and some startups don’t? Most of the startups failed due to many factors such as lack of money, not good products and services and many other things. Many business experts think that startups are a passion and mentality of building the business model by innovating products and services to solve critical problems. Startup has to be designed in such a way that it must grow by the time; startup doesn't only mean venture funding, newly founded but startup means growth and solve the crucial problems. Startups are different from other businesses is the purpose and the relation between products and it demand, startups always target the untapped market and they have the perfect strategy to scale their business that market. In an early-stage startup have no or less revenue, only entrepreneurs know that have to develop, test, and market, all this needs money. Some startups take the bank loans and some opt for venture funding and now a day's government is also helping the startups to grow.