A business startup is a newly established company or venture that is in the early stages of operations. Startups are typically founded by entrepreneurs who develop a unique product, service, or business model to solve a problem or fulfill a market need.
Key
Characteristics of a Startup:
- Innovation
– Startups often introduce new ideas, technologies, or business models.
- Scalability
– The goal is rapid growth and expansion.
- Risk & Uncertainty – High potential for failure but also significant
rewards.
- Funding Needs
– Startups often rely on funding from venture capitalists, angel
investors, or government grants.
Examples include tech companies,
e-commerce platforms, and fintech firms. Over time, a successful startup may
grow into a large business or even a global corporation.
Successful startup ideas in India
have been Ola Cabs, Byjus, etc.
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