Hello friends!
Today I am going to discuss about Startups in India,
As we think about word “startup,” our mind start imagining a reel of a bunch of businesses like e-commerce store , or a bakeries ,food stores etc So, when I hear people use the word “startup” in association with a small businesses—say a restaurant, cafe, hair salon or dental practice-
An it is not completely wrong also.The thing is, a tech startup or any type of startup for that matter and a traditional, new business venture, are different for a number of reasons, most notably: the way they think about growth. we is a young company founded by one or more entrepreneurs in order to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their families
Difference in startup and small business
Startups are different from traditional businesses because they are designed to grow fast. By design, this means that they have something they can sell to a very large market. Generally , to operate a business, one doesn’t need a big market, just need a market and need to be able to reach and serve all of those in market. Most of the startups are tech startups. Because Online businesses can reach quickly to a large market , people can buy from or use product , whether you’re awake or not and whether they are any where in the world. The distinctive feature of most startups is that they are not constrained by these factors.
To grow rapidly, you need to make something you can sell to a very big market.
The relationship with funding
In the early stages, startup companies have little or no revenue generation . They have an idea, and they have to develop it, test it, and market it. That takes large amount of money, and startup owners should have financial sources.
Their are several funding resources to fund the businesses ,Traditionally small businesses are funded by Banks or credit unions , Indian govt. also sponsor Small Business Administration also loans from local banks , and grants by nonprofit organizations and state governments.
incubators are the special support systems for the startups ,often associated with business schools and nonprofit ,provide mentoring ,office space and funding to startups .
Many venture capitalist are always in search or promising reliable startups to bankroll in return for a stake in the company once it gets off the ground .
Different end and exit strategy
Startups are different from traditional businesses because they are designed to grow fast. By design, this means that they have something they can sell to a very large market. Generally , to operate a business, one doesn’t need a big market, just need a market and need to be able to reach and serve all of those in market. Most of the startups are tech startups. Because Online businesses can reach quickly to a large market , people can buy from or use product , whether you’re awake or not and whether they are any where in the world. The distinctive feature of most startups is that they are not constrained by these factors.
To grow rapidly, you need to make something you can sell to a very big market.
Who should jump into a start up ...?
being a entrepreneur is not an easy like cake walk ..If you feel that you have a spark to do something innovative and can carry this for whole life 24*7 with same energy than you can think for a start up ..
