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Illuminating Insights: What Is a Startup?

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Ness Naira
Illuminating Insights: What Is a Startup?

A vigorous statement that drives the spirits of the innovators. Living in the 21st century, we’re all evidence of some giant companies that started with the aim of filling a gap in the market. Be it the back story of Facebook (FYI: Facebook business model) that started as “Facemash” which later turned to ‘thefacebook.com’ in 2004 which was exclusively for Harvard students, and eventually, after many ups and downs, turned to “Facebook”-one of the most influential social networking site, Or Uber (FYI: Uber business model) that was born out of the need of a cab on one winter night when the duo, Travis Kalanick, and Garrett Camp, were in Paris for an annual tech conference in 2008, which has turned into a giant today. Most of them have risen out of an unfulfilled need. Innovative startups are making an impact on people’s lives by making everything simpler.

You may like to read – The Ten Steps Needed To Get Started With Your Startup Ideas.

Coming Back to the Question – What is a Startup?

A startup is a process of setting your ideas into motion. It is not just any newly established company. It has a high potential for fast growth. It typically has 1-3 founders in its initial stage. They secure funding through an investor or take a loan. This will give you just a basic idea about a startup, as defining a startup is very crucial.

If you’re stuck with ‘I want to start a business but have no ideas’ check out our blog – 29 Startup Ideas to Look Forward to in 2019.

Before starting your own business, you should know in which category you want to see yourself. There are several little things that make a startup different from a small business or a corporation. The major difference is an entrepreneur’s point of view of growth. It is up to you where you want to see your company in the next few years and are you capable of reaching there.

Now after having some idea about ‘What is a Startup?’ Let’s throw some light upon the factors that form a startup company.

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Ness Naira
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