launching a startup or developing a small business?
TRANSCRIPT
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L A U N C H I N G
A STARTUP OR DEVELOPING A SMALL BUSINESS?
Inspired by @MandelaSH’s post
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(and that’s totally cool too)
YOU THINK
STARTUP you are a
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but you are really a SMALL BUSINESS
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...and that’s TOTALLY COOL too!
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UNDERSTANDING
the differences between a STARTUP and a SMALL BUSINESS.
& RECOGNIZING
your personal power to choose the one that’s BEST FOR YOU.
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10 DIFFERENCES
between STARTUPS
and SMALL
BUSINESSES
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How much will you have to create from scratch?
1
INNOVATION
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How big will your business get? SCALE
2
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y How much money will you need to borrow? FINANCING
3
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How long will it take to make money? PROFIT
4
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How fast will your business grow? GROWTH RATE
5
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Is technology required to operate your business? TECHNOLOGY
6
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How fast will your business grow? LIFESPAN
7
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How many people will you oversee? LEADERSHIP
8
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How much work/life balance will you have? LIFESTYLE
9
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Will you be able to move on to pursue other projects?
EXIT STRATEGY
10
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...but can a STARTUP
turn into a SMALL BUSINESS,
or a SMALL BUSINESS
turn into a STARTUP?
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YES, it just depends on
IF YOU DECIDE
TO MAKE THAT SHIFT.
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ALIGN YOUR ACTIONS TO YOUR EXPECTATIONS
and to select the RIGHT PLAN to reach your GOAL!
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THANK
YOU