👉 The act or process of starting a process or machine.
Alright class, settle down, let’s take a look! That dictionary definition – "the act or process of starting a process or machine” – it's quite broad, isn’t it? It could apply to anything really. But when we hear the word “startup,” it has a much more specific meaning. Think of it this way: A startup is like a brand-new seed. It’s an idea, a small business, often with a new product or service, that's just beginning its journey. It’s not about starting a washing machine, though! It’s about starting something new . Here's a breakdown to help you understand: New Venture: Startups are usually brand-new companies – they haven't been around for long. Innovation Focused: They often try to do things differently, bringing new ideas or technologies into the world. Growth Potential: Startups aim to grow quickly, and that growth is a big part of what defines them. So, while the dictionary definition is accurate in a general sense, when we talk about “startup,” we're really talking about a business – a fresh start with lots of potential! Does that make more sense? Do you have any questions about it?