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Author Topic: What is the difference between startup and a normal business ?  (Read 21214 times)

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Re: What is the difference between startup and a normal business ?
« Reply #15 on: February 02, 2024, 10:52:05 PM »
Well, just as the name already suggests, normal business usually and already has enough capital that is sufficient to carry on in its business, while start-ups may also have some capitals (but not enough capital) to finance their products, but still they have some things to be settled so as to enable them to bring their products to sell, or they may lack enough capital to render their service efficiently. In other words, a start-up may not yet have a well developed business-work-frame, just like a normal business. 

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Re: What is the difference between startup and a normal business ?
« Reply #15 on: February 02, 2024, 10:52:05 PM »

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Re: What is the difference between startup and a normal business ?
« Reply #16 on: March 24, 2024, 08:14:53 PM »
Usually startups has a tech aspect, but they can still operate in traditional fields ...
Take for example uber, it's like a taxi service but rely on an app

Yes, startup always requires technology but the truth is all business, both startups and normal businesses has risk, so before  you think about investing your business plan or idea, you should be able to manage the risk that are involved too, so you don't go on bankruptcy or have your business fall off the market.

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Re: What is the difference between startup and a normal business ?
« Reply #16 on: March 24, 2024, 08:14:53 PM »

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Re: What is the difference between startup and a normal business ?
« Reply #17 on: July 14, 2024, 05:35:37 PM »
I don't get what you mean by the normal business. For the startup, it is creating innovative products or services that will help the existing problems in unique ways like the business in Shark Tank if you have seen that show, and for the normal business if we say that it is traditional business they have existing customer base they need to do is aim for steady growth and consistent profits, they have lower risk since they have an existing customer base.

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Re: What is the difference between startup and a normal business ?
« Reply #18 on: July 18, 2024, 09:26:02 PM »
I don't get what you mean by the normal business. For the startup, it is creating innovative products or services that will help the existing problems in unique ways like the business in Shark Tank if you have seen that show, and for the normal business if we say that it is traditional business they have existing customer base they need to do is aim for steady growth and consistent profits, they have lower risk since they have an existing customer base.
Normal businesses take a lower risk because their aim is sustenance and steady profit. Startups are sometimes started by people who have the intention to make profit in a shorter period from the startup, or sell the startup to another company or individual.

The similarity is that they are both intended for profit.
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Re: What is the difference between startup and a normal business ?
« Reply #19 on: July 25, 2024, 09:33:56 AM »
Take for example uber, it's like a taxi service but rely on an app
startups are disruptive to traditional products or services

a taxi is the traditional service but by innovating and incorporating technology, it creates uber which is a great example of a startup
startups are usually a lot riskier since they are still trying to breakthrough to a new audience compared to traditional businesses where they already have a preexisting market

another example is netflix everyone used to go out and watch movies or have to rent out movies to watch in their televisions but now they just need to subscribe to one platform and have all kinds of movies and series imaginable

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Re: What is the difference between startup and a normal business ?
« Reply #20 on: November 16, 2024, 09:16:40 PM »
A startup business is a business that has being open, created or organized newly, and their focus is on how they are going to develop the business, and manufacture good products.

While, A normal business is an established business, that is known as a very standard business  that has been operating for several or many years, with a very good and impressive record and good reputation for manufacturing quality products or rendering good services.
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Re: What is the difference between startup and a normal business ?
« Reply #21 on: November 18, 2024, 09:11:23 AM »
A startup business is a business that has being open, created or organized newly, and their focus is on how they are going to develop the business, and manufacture good products.

Along with that incorporating something innovative to the existing model and trying then in a small scale is the actual startup model. For example opening a restaurant is a business whether it's small or big but incorporating a theme based restaurant can be considered as a startup because we never know the customers will like the idea and the owner can sustain in the field for long time.
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Re: What is the difference between startup and a normal business ?
« Reply #21 on: November 18, 2024, 09:11:23 AM »


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Re: What is the difference between startup and a normal business ?
« Reply #22 on: November 27, 2024, 07:21:57 PM »
Usually startups has a tech aspect, but they can still operate in traditional fields ...
Take for example uber, it's like a taxi service but rely on an app
Start up is something new that someone is going into so in this context of business startup is a new business that a person is investing money into with the intent of making profit usually in every Startup business is out come is not always not sure so careful attention should be given to that business that is being setup so that the business will not crash while your normal business is one that is already set up and that is stable your normal business is a business that has been existing

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Re: What is the difference between startup and a normal business ?
« Reply #23 on: November 27, 2024, 07:25:19 PM »
If someone asks this question in a business 101 class, usually it's about startup vs ordinary small business.
Both started small but startups tend to prioritize capturing the market first. I mean to expand and expand. It doesn't have to be tech or internet based but it's just the consequence of the recent trend. Successful startups (meaning those who can scale and capture the market) are usually tech startups.

Conversely, ordinary small businesses prioritize profit. They don't run in red for a long time like startups. They grow organically, unlike startups with debt/VC funds.
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Re: What is the difference between startup and a normal business ?
« Reply #24 on: December 21, 2024, 10:54:16 PM »
The difference between startup and normal business is the experience, a person who managed to be successful from small would have a 100% experience more than that one who just woke up one day because of money and stocks his or her shop. This is one of the most Ernest truth in business it's not about your strategy here it's the experience.
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