Entrepreneurship: Entrepreneurship For Beginners by John Winters & Hilary Grey

Author:John Winters & Hilary Grey [Winters, John]
Language: eng
Format: epub
Published: 2014-03-14T22:00:00+00:00

Benefits of a startup business

Establishing a startup business does have its benefits, as explained on the following points:

There is low risk on your money – a startup is something that you can engage in if you have the idea or concept but do not have the money to start it alone. Startups rely on presentations to gain investors; since you only maintain a few people to work for you during the development of the business idea or presentation, your limited budget will still suffice even if the concept did not go well.

It can be continued as a large organization – once you have enticed an investor to provide the budget that you need for the development of your business idea, you can continue the startup into a large organization. This is especially true if the concept that you have introduced is something that you are also interested with. Since it is your idea in the first place, it is assumed that you know how to make the business more marketable to consumers and be able to solve any problem that you might encounter.

You have the option to sell your idea and gain profit from it – as mentioned on the previous section, most startup companies are temporary; not only due to its abandonment when it fails, but also when it has successfully attracted an investor. This is because as the one who conceived the idea, you have the right to sell your right/claim over the ownership of the business to the interested investor. By doing so, you get not only a good amount of money as payment for their “takeover” on your business but also the opportunity to work on another startup business or start an actual organization that is aligned to your interests.

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