What is the definition of Startup? π π
The act or process of starting a process or machine.
Alright class, settle down, letβs take a look!
That dictionary definition β "the act or process of starting a process or machineβ β it's quite broad, isnβt it? It could apply to πanythingπ really. But when we hear the word βstartup,β it has a much more specific meaning.
Think of it this way: A
startup
is like a brand-new seed. Itβs an idea, a small business, often with a new product or service, that's just πbeginningπ its journey.
Itβs not about starting a washing machine, though! Itβs about starting something πnewπ.
Here's a breakdown to help you understand:
π
New Venture:
Startups are usually brand-new companies β they haven't been around for long.
π
Innovation Focused:
They often try to do things differently, bringing new ideas or technologies into the world.
π
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 βstartup,β we're really talking about a πbusinessπ β a fresh start with lots of potential!
Does that make more sense? Do you have any questions about it?