Characteristics of a startup
Characteristics of a startup
Innovative idea
Innovative idea
The seed of a startup is always a novel idea that tries to offer different and often disruptive solutions to daily problems or even explore new possibilities with concepts that set it apart from any other business proposal.
Technology
Technology
Startups rely a lot on ICT to maximize their reach and presence, as well as for self-management of their business operations.
Scalability
Scalability
Its growth potential is enormous, so one of its characteristics is its speed to expand production and sales without overly affecting the level of expenditure.
Young talent
Young talent
The startup environment is usually young and modern. This is fostered by the evident importance and prevalence of technology in its operations.
High risk level
High risk level
Everything depends on the success of the idea. If the target audience doesn't embrace it as expected, the startup will fail.