What is a Startup business?

What is a Startup business?
Published: 11 February 2019 (382 Views)
A startup is the living embodiment of a founder's dream. It represents the journey from concept to reality. It is one of the few times when you can take something that is only a dream and make it a reality, not just for yourself, but for the entire world.

A startup (or startup-up) is a company typically in the early stages of its development. These entrepreneurial ventures are typically started by 1-3 founders who focus on capitalizing upon a perceived market demand by developing a viable product, service, or platform.

"In the world of business, the word 'startup' goes beyond a company just getting off the ground. The term startup is also associated with a business that is typically technology-oriented and has high growth potential. Startups have some unique struggles, especially in regard to financing. That's because investors are looking for the highest potential return on investment while balancing the associated risks."

Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large. Start-ups face high uncertainty and do have high rates of failure, but the minority that goes on to be successful companies have the potential to become large and influential.

Apart from having different ways of thinking about "growth," startups seek financial investment differently than most small business operations. Startups tend to rely on capital that comes via angel investors or venture capital firms, while small business operations may rely on loans and grants.

Given the rise of startup incubators and accelerators, the availability of funding for early-stage startups, and the fact that big companies everywhere are buying startups instead of focusing on in-house innovation, you may want to consider launching a startup instead of a traditional business.

Enos Denhere is an Entrepreneur, Strategist, Mentor, Pastor and Freelance Journalist. Startups and investors get in touch. Those who need the services of Freelance Journalist get in touch. Email enosdenhere@gmail.com. App +263773894975

- Enos Denhere

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Realizing your dreams in the age of austerity

by Mapozho Saruchera | 25 April 2019 | 5 Views

Chamisa blasts Mnangagwa over Museveni invite

by newzimbabwe | 25 April 2019 | 52 Views

Church leaders meet security chiefs

by newzimbabwe | 25 April 2019 | 46 Views

Govt to standardise varsity appointments

by Staff reporter | 25 April 2019 | 28 Views

Chiwenga lashes out at 'financial terrorists'

by Staff reporter | 25 April 2019 | 34 Views

Mnangagwa reshuffles top civil servants

by Staff reporter | 25 April 2019 | 46 Views

CPU warns of Cyclone Kenneth, landfall

by Staff reporter | 25 April 2019 | 28 Views

Support Unit told to be proactive

by Staff reporter | 25 April 2019 | 30 Views

$4 million bitumen vanishes

by Staff reporter | 25 April 2019 | 27 Views

ZNA dismisses AK47 report

by Staff reporter | 25 April 2019 | 24 Views

1 dead, another critically injured in headlights row

by Staff reporter | 25 April 2019 | 28 Views

Chiwenga warns for corporates feeding the black market

by Staff reporter | 25 April 2019 | 13 Views

Cyclone Kenneth: Zimbabwe not in danger

by Staff reporter | 25 April 2019 | 22 Views

Mthuli Ncube laments indisciplined speculation

by Staff reporter | 25 April 2019 | 21 Views

Burundi seeks Zimbabwe support to join Sadc

by Staff reporter | 25 April 2019 | 23 Views

Zesa re-bundling part of parastatals reforms, says Chiwenga

by Staff reporter | 25 April 2019 | 23 Views

Austerity measures to go next year, says Mthuli Ncube

by Staff reporter | 25 April 2019 | 26 Views

Zanu-PF activist not guilty

by Staff reporter | 25 April 2019 | 19 Views

Criminals pounce on MSU

by Staff reporter | 25 April 2019 | 15 Views

Church in fresh push for inclusive national dialogue in zimbabwe

by Staff reporter | 25 April 2019 | 13 Views

Zimra couple ordered to explain source of wealth

by Staff reporter | 25 April 2019 | 16 Views

ZCTU leaders not guilty

by Staff reporter | 25 April 2019 | 9 Views

CCTV sells out diamond-thieving guard

by Staff reporter | 25 April 2019 | 12 Views

Man does a Chamisa on ex-wife’s sadza

by Staff reporter | 25 April 2019 | 13 Views

Mangoma, Zesa bosses seek removal from remand

by Staff reporter | 25 April 2019 | 8 Views

ZRP to offer degree in police studies

by Staff reporter | 25 April 2019 | 9 Views

Chamisa's councillors refuse to declare assets

by Staff reporter | 25 April 2019 | 12 Views

Robert Mugabe fails to attend court

by Staff reporter | 25 April 2019 | 13 Views

Zimbabwe agent gets Fifa life ban

by Staff reporter | 25 April 2019 | 19 Views

Chamisa's MDC in tribal storm

by Staff reporter | 25 April 2019 | 21 Views

Mnangagwa in a fix

by Staff reporter | 25 April 2019 | 13 Views

Cop arrested for maintenance default

by Staff reporter | 25 April 2019 | 12 Views

Fraudsters target diasporan homeseekers

by Staff reporter | 25 April 2019 | 10 Views

Bev bashed again

by Staff reporter | 24 April 2019 | 136 Views

Man beats ex wife for sex

by Staff reporter | 24 April 2019 | 155 Views

ZCTU leaders not guilty

by newzimbabwe | 24 April 2019 | 140 Views

Kaondera 'unconscious' after twin brother's death

by ZimLive | 24 April 2019 | 271 Views