🎯 I have seen everyone saying they have a startup idea. But is it really a startup ? Everything that starts isn't a startup it can even be a business.
💡 Start-up :- A company in it's first stage of operations.
📌 What Start-up is actually about?
A Start-up isn’t just a new business.
It's a "temporary experimental venture" which is crafted to solve a real problem in a way to scale under few uncertainties.
But it can't be a "Permanent venture" because permanent ventures doesn't have any kind of risk or doesn't need to be an early stage venture.
Whether you’re building a tech app, a D2C brand, or a service platform or a B2B brand — the goal is growth with innovation.
🔍 Now let's talk about what Startup is and what Small / Medium scale Business are :
🔹Startups goal is to scale, but business goal is always a income. 🔹 Risk of Startup are always high, but risk in business is low or moderate. 🔹 Start-up innovation are to the core to the model, but in business the innovation are always optional not necessary. 🔹 Start-up funding can be even extrernal through VC or Angels, but in business it's internal funding like Loans, profits or own capital always. 🔹 Startup not all but usually exit through IPO or acquisition, but business have no way to exit the only way to exit is focused long term income.
✅ Wanna know the main traits / quality of starting a real Start-up ?
🔹 Solves a real-world problems, maybe even some painful problem. 🔹 Have growth potential 🔹 Is repeatable fr competition 🔹 Has a clear tech/process moat ( moat is a ability to maintain the competative advantages that expected to help you grow ) 🔹 Can investors fund this ?
💡Let's take an Example:
A person who opens a cafe / chai ka thela is a Business. ( Example : Rameshwaram cafe )
A person who builds a platform that lets anyone open cloud kitchens using tech is called Startup. ( Example : Rebel foods )
🔥 One tip for founders i would say is, if you really building a start-up, ask one question to yourself : If you remove yourself from the team will the idea grow ? If your answer is yes. Then you are on the right path ( few of them may think this tip is baseless or useless, but when you really understand it you will know what i meant )
I will leave here with 3 question, requesting you to engage in the comments. It might even help you in validating your idea who knows 🤷.
Am I solving a real, burning problem? If you have a doubt comment what problem you wish to solve.
Will people pay for this — or are they already? If you have confusion, ask people in here use comments, use Medial to ask it. Use the platform for what it was made for.
Can I scale this beyond my city or country ? Ask yourself and people in here.
Startups grow even when you sleep. Businesses sleep when you do