![]() ![]() ![]() ![]() However, a startup grows at a very fast rate through the help of huge amounts of capital and resources and thus may not even be profitable till a couple of years into operation. A traditional business scales at a very linear rate through organic growth tactics and is generally profitable from day one. What differentiates a normal or traditional company from a startup is however not the actual product or service (although it may) but the way they both operate. This efficiently solved the problem of both the stakeholders in an innovative manner. For example – Uber made an app to connect the riders and the cab drivers, a concept that disrupted the everyday way of hailing a cab. It generally is a company that looks to make an innovative product or extend a service in order to make a dent on the status quo and thus solve a major problem in the process. There is no set definition of what a startup is. ![]()
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