INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the most significant difference between a small business and a startup?
|
|
Startups intend to grow large quite rapidly, whereas small business tend to remain small
|
|
|
Startups tend to be self-funded, whereas small businesses tend to have investors
|
|
|
Startups are typically technology companies, whereas small businesses are typically restaurants
|
|
|
Startups are far less risky than starting your own small business
|
Explanation:
Detailed explanation-1: -A startup is looking to expand quickly and become a much bigger company, while a small business is more focused on creating and maintaining a constant and stable revenue stream. They are not necessarily trying to scale up in any way.
Detailed explanation-2: -Let’s start with the definitions: a startup is a company in usually the first stages of its development that wants to scale up quickly. Startups are often young, innovative, collaborative, and focused on growth, while corporations are often established, slow-moving, hierarchical, and focused on productivity.
There is 1 question to complete.