A Start-up is a New Business! The term start-up refers to a company in the first stages of operations. Start-ups (New Businesses) are created by those who want to develop a product or service that will have demand and will be problem solving. These companies generally start with little revenue and often seek finance or investors to aid them on their journey. However, there are now many opportunities out there that requires little funding and with the advent of Digital Markets, the need for premises etc has diminished. The Modern day Entrepreneur can start from Home.
What are the key Characteristics of an Entrepreneur
According to the British Library the successful Entrepreneur will possess:
- Passion
- Great work ethic
- Be Innovative
- Be Persistent
- Resourceful
- Risk Taker
- Discipline