“A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed,” says Neil Blumenthal, co-founder, and co-CEO of Warby Parker.
When we become adults for some reason we totally changed our nature and start being afraid of everything, even failing. Why do not keep ourselves dreaming? Why do we have to think it could not be possible? Or just wonder, will I be able to reach what I want? There is nothing bad with dreaming. There is nothing wrong with starting your small business or startup. It means you’re working for your future establish.
Maybe the present life’s rush could define this fear. Sometimes is good to stop everything and visualize your business. Just as you were doing as a kid, you imagined yourself as a pilot, astronaut and President of the country. Now think about a problem you want to solve and develop a solution.
New companies venture to the market without knowing the end of the business. They just trust on their project as a significant impact and work on. “Startups are usually small and initially financed and operated by a handful of founders or one individual”, according to Amy Fontinelle.
Startups are small companies usually believing they could grow quickly. Usually, they are focused on tech area. But one thing we need to be clear to understand is that you don’t need a big market to have a startup, only have a market and be able to grow within it. Also, there are large and small companies, you can read about it in our blog.
One of the questions that usually comes out is how long the company will be considered a startup? There is much abstract information about it that we cannot actually define a true answer. It might be 10 years later. Other side says it might be your own decision when you realized how much the company has grown to not be considered a startup.
A startup means growth. It was designed to be successful. This type of company could be recognized for having a small work team and little time on the market. Once the new company begins as a scalable business model, the structure becomes a bureaucratic organization.
Adam D’Augelli is an associate at True Ventures, affirms a company could be considered less startup when finally finds its product, it fits perfectly in the market and scale.
Compared with traditional businesses the objectives are different. A small business is looking for stable long-term value while a startup is focused on growth potential and top end revenue. Steve Blanks shows further information in few minutes.
Go and show yourself in the market. Who knows if you get successful?