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start up companies

santhuamma415@gmail.com (223 Points)

23 October 2018

what are start up companies expain

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rahul (a) (1620 Points)
Replied 23 October 2018

A startup or start-up is started by individual founders or entrepreneurs to search for a repeatable and scalable business model. More specifically, a startup is a newly emerged business venture that aims to develop a viable business model to meet a marketplace need or problem. Founders design startups to effectively develop and validate a scalable business model.[1][2]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[3]. Start-ups face high uncertainty [4] and do have high rates of failure, but the minority that go on to be successful companies have to potential to become large and influential.

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