How do you know when your idea has outgrown the startup model and you are now the owner of a full-fledged business? How much time should pass - a year, two, five or perhaps six months? In order to understand this, you need to understand what a startup is and understand the stages of its development.
What is a startup?
A startup is a commercial project that is in development or has recently entered the market. That is, this business is testing the waters, looking for its niche.
Startup characteristics:
appeared recently
known to a narrow circle of people
innovative idea is a must
uniqueness of the product
a young team - in terms of skills and, most often, age
constant search for partners
What stages does a startup go through?
Development of a startup projecttraditionally divided into 4 periods:
Seed
The preparatory stage, during which startups polish their idea, set goals, analyze the market, look for investors, and prepareMVP.
When does a startup stop being a startup and become a business? - image
Launch
The product is launched and actively promoted.
Scale
The team is developing the project,promotion. The startup enters new niches.
Maturity
This stage is the stage of maturity and transformation chinese thailand b2c phone number data of the startup into a business. Usually at this stage the initial team is greatly transformed and expanded, and the powers are delegated.
When does a startup stop being a startup and become a business? - 2 - image
Answering the question “when does a startup stop being a startup” - after going through all 4 stages, scaling and receiving real, progressive profit.
Famous World Startups
Successful US startups are Facebook, YouTube, Twitter.
And while Twitter is still unprofitable, its “colleagues” have outgrown the startup stage.
Successful startups in Russia - mobile application Prisma, as well as flash drive with unlimited memory Fleshsafe.
Successful startup ideas are always something new, a product or service that has never existed before.
The first companies to offer home delivery were startups, because before them people had to pick up goods from stores themselves.
Anyone who continues this trend is no longer a startup, because they used a ready-made idea.
When a startup becomes a business, it often has competitors and companies that start doing similar business. Like Facebook, which gave birth to social networks, now has hundreds of analogues.
As a company that is developing in the IT sphere, we are focused on such startups. But there are hundreds of projects in the world that are also called startups, but have nothing to do with technology.
For example, successful American startups are often based on common human needs:
hotels with per-minute payment - clients are not tied to payment per day, they pay money for hours or minutes of stay in the hotel. Very convenient when you just need to take a shower.
Delivering Medicines to Hard-to-Reach Countries - Zipline Saves Lives in Rwanda
Successful internet startups are also focused on the desires and comfort of users:
a site that allows you to find a garden maintenance contractor
BlaBlaCar app and website for finding travel companions
driverless trucks
online lending
When does a startup stop being a startup and become a business? - 3 - image
The main leitmotif in the history of startups is to “find” the pain point and need of the target audience and help to cope with it. This is exactly what successful startups in the world do and have great profits.
Turn your startup into a business with Artjoker
Our team has extensive expertise in working with startups. In ourmobile development portfoliosuch startups:
Ruben - Swiss Delivery Service
Starbar - communication based on interests
Nobius - social with clear targeting
We not only help projects develop, but we also help ourselveswe create startup projects- online lending serviceMyCredit.
If you want to turn an idea into reality, we are on the same path.
When does a startup stop being a startup and become a business?
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