A startup is a young company founded by one or more entrepreneurs in order to develop a unique product or service and bring it to market.
Theoretically you can define a start up as a company founded by some group of people or an individual to develop a product.
But a start-Up is more than a product or service started
by entrepreneurs it a vision of people(Founders) to bring a change in a world through the uniqueness of their product and to help people live a better life.
To make a positive impact on the future Generations. A startUp creates value in the lives of the people.For instance look at Google it can provide you
any information in seconds. And it was the vision of Larry Page and Sergey Brin that led to the creation of Google.
Or to be more precise you can define it as ~A company working to solve a problem where the solution is not obvious and success is not guaranteed.
And the thing that seperates a successful StartUp and a non-successful StartUp is pure Perseverance.
Whether a startup will be successful in the future depend on many factors.And according to Bill Gross, founder of Idealab.
the Five key factors influencing startups success are:
Where he says that the timing is most important and cannot be controlled.
A startUp primarily focuses on growth unconstrained by geography which differentiates startups from small businesses.
And as said by one of the Greatest Entrepreneurs of all time Steve Job.
“You can’t go out and ask people, you know, what the next big thing is. There’s a great quote by Henry Ford, right? He said,
‘If I’d have asked my customers what they wanted, they would have told me ‘A faster horse.”
This quote is the essence of a StartUp what a Normal person cannot see an Entrepreneur see.