Too many look at startups and small businesses and assume that they are the same thing.
In reality, though‌
They are quite different.
While they have some similarities, they are not the same thing at all.
Luckily, it is easy to tell them apart, especially if you know the intentions of the business owner and the business’s potential future.
So, what is the difference between Startup and Small Business?
First, let's look at small business.
Most likely, you know what one is.
Small business is an ice cream shop in your district or your favorite local coffee shop for instance.
Or…
A small business is usually a locally owned business
That has a small number of employees
A relatively low cost and income
And usually no plans to become a corporation
These type of low risk, low reward businesses tend to remain the same for years.
Very seldom do small businesses grow into something bigger.
Startups are also small!
…but they dream BIG
The fundamental difference between startup and small business is in their mindset
Startups are more about gaining ground and becoming a big hit.
Something that can have a huge success
They are all about the ambition, dream and threshold.
It’s when you vigorously refuse to stay small
Startups are born to be big.
To be big or die.
Startups want to change the world.
Small businesses are fine staying small and stable.
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