What Is A Start-Up? Difference Between Start-up And A Small Business Or Lifestyle business

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In this video, I explain what is a start-up by giving examples of what is a startup, and what is a traditional small business that most people are familiar with. I also discuss the difference between a start-up and a lifestyle business. The differences can be subtle.

A start-up has a few criteria like being innovative and targeting a large market. They are usually founded by small founding teams and run on a shoestring budget, which is a process often called bootstrapping.

The definition of a start-up: an innovative new company founded by a small team, usually different and ground-breaking or disruptive to an industry, targeting a big market and high growth.

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