Startup Business Options

There are lots of ways to start your own business, but if you’re looking to source funding and start something from the ground up, you might consider a startup. These businesses come from the hearts of entrepreneurs who believe in their vision and want to create an amazing company. Creating a startup can be hard work, but with the right type of investors and business plan, you’ll have your business off the ground in no time.

Small Business Startup

These startups are what you’ve probably heard about most. These are small businesses driven by a founder’s vision that hopefully become successful companies or agencies. A small startup usually has a small team and a big dream to be eventually bought out or see an infusion of cash from a major investor. That’s what makes them different from a regular small business, which has a goal that is typically to survive and thrive on its own.

Buyable Startup

Maybe you have a great idea to meet a niche need in a large industry. If so, you could create a buyable startup. These businesses are built for the sole purpose of being bought out by a major player. For example, you might create an intelligent, ergonomic mouse with specialized touch commands and hope that Apple buys out your product and business. It usually doesn’t happen on this scale, but this is a general idea.

Scalable Startup

This is similar to small business startups, except the goal is to grow exponentially over time. These businesses usually start with small teams and small operating budgets but big projections and goals. Owners seek rapid growth so they can quickly scale their business to be a significant player in their industry. They might remain a small business compared to others, but they’ll be pulling more revenue than others.

Social Startup

If you’re looking for a way to make the world a better place, then a social startup might be right for you. These are usually local non-profit or charitable groups that gain enough traction to extend their services elsewhere over time. Toms Shoes is a great example of a social startup that started small and is now a major player in the shoe industry. Your passion for helping others might just be your next business plan.

There are more ways to create a startup than just what’s on this shortlist, but these are some common choices that have been proven to work.

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