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It would be good if there was common agreement that startup is a special type of new business who purpose is to scale rapidly and faces uncertainty and high rat
by npalli 4y ago
It would be good if there was common agreement that startup is a special type of new business who purpose is to scale rapidly and faces uncertainty and high rates of failure. There is usually high upfront investment needed (whether R&D or customer acquisition) and the revenue will follow much later. This type of business is an all-in affair, cant do it part time. Even wiki is now up to date with this definition [1].
This is to be distinguished from new businesses that do not intend to have rapid growth (even go beyond solo founder) and are in stable markets (used to be called small businesses). The OP seems to be running what I would call a small business which is not exactly a startup so why is he trying to tell us he is doing something special. For example, pretty sure I can make a case he is already working too much for his busines, maybe play guitar some weekdays, take some time off. There will be minimal impact to business.
[1] https://en.wikipedia.org/wiki/Startup_company https://en.wikipedia.org/wiki/Startup_company