Entrepreneurship and Business

Types of Start-ups

Small-business startups: This is the most common type of startup, typically a small-scale venture such as a store or professional service that seeks enough profitability to support a living for the owner and perhaps a small group of employees

Scalable startups: These are the Facebooks and Apples, which set out to make an impact while raising large amounts of funding. “These are the entrepreneurs that get all the press, the 1%,”

Viable startups: These are the tech-savvy startups who want to build a business just big enough to eventually be acquired

Lifestyle startups: These are entrepreneurs that go out on their own to pursue a passion, such as opening a sports shop or organic food farm.

Corporate startups: These are ventures that are launched within the walls of a larger, more established business that seeks new innovation and new business models.

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