Surely you have already heard this word and that is that Startups are quite fashionable, but you know what a Startup is. And the truth is a fairly easy concept to understand, but in general they are emerging companies in charge of marketing products and services.
Next, we’re going to talk a little more about what these startups are and how they work. In this way you will be able to understand much better what they are about.
What is a Startup?
What is a Startup?
Startup is a term used in the business world to refer to a technology-related start-up. These are characterized because they focus on innovation and offering solutions for people or companies. Usually, these types of companies tend to stand out quickly in the sector, since they are focused on growth.
They are truly versatile organizations that have a highly qualified and committed human capital. Because its main function is innovation, these are often absorbed by large companies in the sector that try to get hold of their technology.
What is a Startup?
What are the main characteristics that a Startup has?
Startups have some fairly defined characteristics that make them easily identifiable. Among these features we can find the following:
- They obtain their initial financing through private investors.
- They are mainly intended for the development of new technologies or the improvement of existing ones.
- No requieren de demasiado dinero para operar, ya que lo hacen con el mínimo necesario.
- They tend to grow quite quickly.
- They try to simplify marketing processes as much as possible.
- Their staff is usually highly qualified.
- They are always constantly evolving, so they never stagnate.
- Trial and error is very common in this type of business model.
- Generally, you can only find them on the internet, since they do not require a physical plant. A startup can start in the garage of one of its members.
What is a Startup?
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What is a Startup?
What is the way to start with a startup?
It does not matter if you are in Madrid, Mallorca or any other Spanish city, before starting the legal process to start a startup there are several things you must comply with.
- Find a solution to a problem: As we already mentioned, startups always seek to solve a specific problem. And they are born with this objective, that is why you must think about one and its possible solution.
- Think about a scalable solution: It is vital that the strategy that is carried out has a potential for growth. That is, you must be able to go from less to more without requiring a constant investment.
- It takes advantage of technology to offer a better service: Startups operate mainly on the network, which is why a business model focused on this is necessary. For example, a website on which products or services are promoted.
- Establish the short, medium and long-term objectives: This will be the path that the organization must travel. As these objectives are met, the startup will grow.
- You must plan the economic aspect: As for any company, a startup needs money to get started. So, it is necessary to plan how much you need and how it will be achieved.
- Seek funding: Typically, a startup starts with private funding. For this it is necessary to obtain financing through crowdfunding. There are many platforms where you can promote your project to receive funding from the community.
- Keep the team ready: It is necessary that you have a complete team and willing to start working. When you find the funding, they must be able to start with the project to move the startup forward.
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