Launching a Startup or Developing a Small Business?

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LAUNCHING A STARTUP OR DEVELOPING A SMALL BUSINESS? Inspired by @MandelaSH’s post

Transcript of Launching a Startup or Developing a Small Business?

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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?

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INNOVATION

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How big will your business get? SCALE

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 y        How much money will you need to borrow? FINANCING

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How long will it take to make money? PROFIT

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How fast will your business grow? GROWTH RATE

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Is technology required to operate your business? TECHNOLOGY

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How fast will your business grow? LIFESPAN

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How many people will you oversee? LEADERSHIP

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How much work/life balance will you have? LIFESTYLE

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Will you be able to move on to pursue other projects?

EXIT STRATEGY

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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